Starting from 22 October, Law No 283/2022, which substantially amends the Labour Code, entered into force.
Among the legislative changes introduced, there are certain ones which we consider to have an impact on the companies’ activities:
To mark 18 years of activity in the western part of Romania, Hategan Attorneys is organizing an international online conference on the future of business: `DIGITALIZATION: THE NEXT BUSINESS FRONTIER`. The keynote speakers are VIOREL PECA, Head of Unit of Transition and Business Acceleration Services of the EIC European Commission, and Prof. Laurent Marliere, President & CEO, IsFin -Emerging Markets Advisor, Belgium.
It is vital to keep an eye on developing locations to further invest and strengthen worldwide business connections. Established firm, Hategan Attorneys, has joined IsFin’s global network as an exclusive partner for those interested in the opportunities offered by the thriving Romanian market. Professor Laurent Marlière, CEO of IsFin, is thrilled to announce the partnership with Hategan Attorneys, a business law firm based in Timișoara, Romania which is also an independent member of Geneva Group International (GGI). They specialize in providing M&A and Corporate Practice Banking, Finance & Private Equity Real Estate, Construction and PPP Practice services. Additionally, the Hategan Foundation allows collaboration with social and community projects focused on Timisoara region..
Timisoara, July 21, 2021 - Hațegan Attorneys announces an internal reconfiguration of the team from a pyramidal structure to a horizontal structure. This decision is part of the continuous efforts of the law firm to innovate and change the paradigms specific to the legal sector in Romania.
The new horizontal organizational structure adopted by the Hațegan Attorneys is composed of teams focused on functional areas specific to the experience of team members. Thus, the focus is especially on the spcialized area of the team members who, in recent years, have had a greater exposure to certain areas of activity and have a full involvement in that area of practice without excluding their involvement in other projects to further ensure their diversed professional development
COLLABORATION and COMMUNICATION
Teams collaborate between practices by sharing information, ideas and expertise, while each team member is empowered and responsible of his or her side of the project. In this spirit, Hategan Attorneys adopts an open door policy so that every team member, regardless of title, position or seniority, can be approached by anyone. It provides a working context based on open communication and exchange of ideas.
The purpose of adopting this new structure is to create diversity for individual growth within the organization. The management will continue to be provided by Ioana Hațegan, as Managing Partner, together with the Leadership Group. As for organizing the activity of Hategan Attorneys, this will have a horizontal organizational structure, aligning the law firm with the current international trends. Thus, the acknowledgment of the efforts focuses on the experience and capabilities of the individual, rather than on their title and position.
This new configuration encourages teamwork, collaboration and creativity of each member (skills and values which have constantly been promoted within the company) while keeping the focus on the uniqueness, the individuality and the growth potential which each team member is valued for. The teams serving our clients are formed according to the volume of activity necessary for the respective project and the areas of practice incident to the project.
In an horizontal organization, the decision-making process is totally different from a pyramidal hierarchical organization. While certain strategic and development decisions remain the responsibility of the Leadership Group, professional decisions are taken by interdisciplinary collaboration among team members. Thus, Hațegan Attorneys promotes an increased involvement of team members in the decision-making process and a greater degree of professional responsibility of each individual.
The lawyers from the Hațegan Attorneys team appointed as leaders of various practicea, assuming full responsibility for the practice, are:
Alina Iosza - Leader Real Estate and PPP
Florina Mattick - Insolvency and SME Leader
Galina Gheorghe - Litigation Leader
Adoriana Azoiței-Frumosu - Leader in Data Protection and Business Ethics
Alin Tegzes - Commercial Corporate Leader
Ioana Hațegan - M&A and PE Leader
"Law firms have been operating according to a set of specific paradigms of organization, structuring and collaboration for a very long time. It is well-known that law is a field that is more reluctant to embrace innovation. What the recent months have shown us is that the paradigm we are used to must change because people, social contexts and work patterns are very fluid in our century and require adaptability to the needs of new generations and increased agility. Hategan Attorneys responds to international trends in the legal sector and announces the adoption of the horizontal organizational model to promote the free professional development of team members, multidisciplinarity and collaboration within the team and among teams. Thus, we encourage everyone to be a leader in the true sense of the word, a leader of his career, putting at the service of clients and the team his or her unique skills, experience and knowledge gained personally. for the success of the projects he is part of, with a high degree of decisional autonomy and responsibility ”said Ioana Hațegan, Managing Partner, Hategan Attorneys.
About Hațegan Attorneys
Hațegan Attorneys is an independent law firm. Founded in 2004, the office has a dynamic and experienced team that offers an integrated range of legal services to meet the diverse and complex needs of both Romanian and international companies. Although located in Timisoara, the office represented the interests of their clients in over 25 counties in Romania. Since April 2021, Hațegan Attorneys is a legal partner in ContrActual (www.contractual.ro), the first online platform in Romania dedicated exclusively to the management of commercial contracts in a single fully automated flow.
Corporate benefit in upstream security
We have often encountered instances when foreign parent companies require their Romanian subsidiaries to grant security for banking transactions and conclude corresponding security agreements over their assets according to the Romanian law, also known as upstream security.