Goodwill under the terms of the new Civil Code Cover Image
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Fondul de comerț în condițiile noului Cod civil
Goodwill under the terms of the new Civil Code

Author(s): Stanciu D. Cărpenaru
Subject(s): Law, Constitution, Jurisprudence
Published by: Uniunea Juriștilor din România
Keywords: goodwill; trading patrimony of the trader; trading activity; trade register; trader.

Summary/Abstract: The new Romanian Civil Code contains references to the goodwill, but it does not regulate the legal regime of the goodwill. In the absence of a legal regulation of the goodwill, the legal nature of the goodwill is analysed on the basis of the new conception of the Civil Code concerning the patrimony of the natural person and of the legal person. According to the Civil Code (Article 31), the unique patrimony of the natural or legal person may be subject to a division in the cases and under the conditions provided by law. Allocation patrimonies are the fiduciary patrimonies and those allocated to practicing an authorized profession. In the light of this conception, the goodwill represents an allocation patrimony, namely a distinct fraction of the patrimony of the natural or legal person, intended for conducting the trading activity. Under the terms of the new Civil Code, which admits that the patrimony of a natural or legal person may be subject to a division or an allocation, it is fully justified to qualify the goodwill as „trading patrimony”, a name repudiated in the past.

  • Issue Year: 2016
  • Issue No: 06
  • Page Range: 9-18
  • Page Count: 10
  • Language: Romanian