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The Characteristics Of The Special Companies

Author

Listed:
  • Luminita Tuleaşcă

    (Romanian American University in Bucharest)

Abstract

The major impact of the financial services system on the national and world economies, has determined the creation of a particular framework regarding the access to the activity specific to this sector and the means to exercise it. The differentiation between the services specific to the financial market of any other commercial activities and the adoption of certain legal provisions applicable solely to these activities and,implicitly, to the trade companies working in this sector, represents the fundamental premise of the special statute of special trade companies. In this paper, we will analyze, from the perspective of the European and Romanian laws, the characteristics of the main special trade companies: banks and insurance undertakings,characteristics that differentiate the regular trade companies, determining their special legal regime and, as a consequence thereof, their classification as special trade companies.

Suggested Citation

  • Luminita Tuleaşcă, 2012. "The Characteristics Of The Special Companies," Romanian Economic Business Review, Romanian-American University, vol. 7(3), pages 85-102, September.
    • Handle: RePEc:rau:journl:v:7:y:2012:i:3:p:85-102
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