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Clifford Chance Badea has advised New Europe Property Investments on its merger with Rockcastle Global Real Estate Company Limited to create NEPI Rockcastle Plc, which one analyst described as "the biggest investor on the commercial property market in Central and Eastern Europe and one of the ten largest companies of its type in Europe in terms of capitalization."

On 4 August 2017, the Government issued the Emergency Ordinance no. 53/2017 (hereinafter “the Ordinance”) which is applicable from 7 August 2017. The Ordinance aggravates the conditions and the consequences of undeclared work.

CMS Hungary has advised by Ilford Holding Kft. and Invitel Technocom Tavkozlesi Kft. — controlled by the China Central and Eastern Europe Investment Co-operation Fund, advised by CEE Equity Partners — on its July 21, 2017 sale of 99.99% of the share capital and voting rights of Hungarian telecommunications operator Invitel Tavkozlesi Zrt. to DIGI Tavkozlesi es Szolgaltato Kft., the Hungarian subsidiary of Digi Communications N.V. PeliFilip advised the buyers on the deal.

Along with the reason provided in art. 509 par. (1) (1) of the Code of Civil Procedure, the reason for the review discussed in this article is perhaps the most common in practice due to multiple interpretative possibilities, but also because it is apparently much more accessible than the other grounds for review, which are more rigid in interpretation. In the majority of cases, however, reviewers are basically trying to resume the fund by invoking a seemingly new document that does not meet the requirements of the law to underpin the review of a judgment. 

Stratulat Albulescu has assisted Futureal, a Hungarian real estate investment company, with the acquisition at auction of over 15,000 square meters of land near Poligrafiei Boulevard in Bucharest to build a housing estate. The transaction was worth EUR 3.7 million and was completed on June 14.

Musat & Asociatii is reporting that it gained an important victory for its client — the Cyane SRL real estate developer — in a dispute between the Cluj Napoca Local Council and the Association for Urbanistic Protection of Cluj involving the latter's attempts to have urban planning documents issued by the former related to the construction of a large real estate project (the Luminia residential complex) canceled.

Allen & Overy has announced that it advised Fortuna Entertainment Group on the acquisition of the 100% share in Hattrick Sports Group Ltd., Ireland, the owner of the Casa Pariurilor betting operator in Romania, the PSK and Hattrick operator in Croatia, and B2B operations in Spain, Germany, and other European countries.

PeliFilip has advised Mitiska REIM on its purchase of 11 Romanian commercial parks from Alpha Property Development. The portfolio covers a gross leasable area of 55,000 square meters and is fully leased to local and international brands such as Deichmann, Takko, and Pepco.

Law no. 24/2017 regarding the financial instruments issuers and stock market operations published in the Official Gazette of Romania, Part I, no. 213 of March 29, 2017, is based on legal provisions that initially existed in Law 297/2004 on capital market, as further amended, provisions taken further and/or amended by this new law so as to reflect the dynamics of the capital market and of the European legislation, with an aim to help investors stay more informed, to increase transparency, to improve the public tender offers’ regime and the financial instruments’ issuance, and to harmonize the sanctions for market abuse.

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Maravela & Asociații is an internationally recommended and repeatedly awarded Romanian law firm providing integrated legal, tax advisory and insolvency services in all areas of interest for businesses and public administration. 

Maravela & Asociații covers all major Romanian regions as well as the Republic of Moldavia, either directly or through carefully selected and closely coordinated correspondent offices. In addition, the firm has the infrastructure required to coordinate advice in multiple countries through highly reputed international networks of specialists ensuring high end services. 

Firm’s clients (multinational corporations, sound Romanian companies, private investors, public authorities and State companies) recommend Maravela & Asociații as “A reliable team providing a high standard of work.” (quote by Chambers and Partners), having consistently endorsed the outstanding quality of services provided, flexible approach, responsiveness as well as the friendly working climate. 

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