Franklin Templeton Investment Management Ltd. United Kingdom Bucharest Branch, acting in its capacity as the Investment Manager of Romanian Fondul Proprietatea, has announced that Fondul Proprietatea has sold its full shareholding in E.ON Distributie Romania S.A. and E.ON Energie Romania S.A. Bondoc & Asociatii advised the seller.
Musat & Asociatii has announced that the Administrative and Fiscal Litigation Division of the Romanian High Court of Cassation and Justice (HCCJ) has ruled for client Electrolux Romania on its appeal of a decision of the Competition Council to sanction the company by civil fine of over RON 9.8 million.
Four firms in Central and Eastern European — Pepa & Dobre from Romania, JebwabnyLegal from Poland, Krutak & Partners from Czech Republic, and DKKR Partners from Hungary – have joined forces to create Arcliffe, which they describe as "a premiere legal practice in CEE.” Together, the firm claims 40 lawyers, including 18 partners.
Maravela & Asociatii has announced that dispute resolution specialist Mirela Metea was promoted to Partner at the firm on June 1, 2016.
RTPR Allen & Overy has advised private equity fund PAI partners, owner of R&R Ice Cream, on Romanian elements of its joint venture with Nestle to form a new entity which will be called Froneri. The joint venture covers markets in Europe, the Middle East, Africa, South America, and the Philippines, and will employ more than 15,000 people. Allen & Overy was global counsel to R&R Ice Cream on the deal, which is expected to close around the end of the year, subject to employee consultations and regulatory approval.
Voicu & Filipescu has advised Bel Rom Twelve on the sale of 12 of the 22.5 hectares of land it owns in Ramnicu Valcea, Romania, to the South-African investment fund New Europe Property Investments (NEPI), marking the third such sale of real estate by the Bel Rom group to NEPI. Reff & Associates — a member of Deloitte Legal — advised NEPI on the deal.
Women’s Day is behind us, but the subjects of gender equality and equal opportunity are of year-round concern. This, the first part of a special two-part CEE Legal Matters article on women in private practice in CEE, provides the numbers and percentages from leading law firms across CEE, as well as a more thorough snapshot of one representative market. Part II of the report, in the June issue, will pull back the curtain even more, providing feedback and perspectives from lawyers across the region.
Leroy si Asociatii advised France's Lactalis on its acquisition of Romanian dairy producer Albalact Alba Iulia. Schoenherr advised the shareholders of Albalact on the transaction, which Leroy si Asociatii describes as “the first significant voluntary takeover bid to be carried out on the Bucharest Stock Exchange.”
Drakopoulos has successfully represented the Premier League before the Romanian Trademark office (OSIM) in an important trademark opposition the Premier League filed against an application submitted by a Romanian company operating in the automotive industry for a trademark the Premier League claimed was confusingly similar to its famous lion logo.
Maravela & Asociatii has announced the appointment of Ioan Roman to its partnership — the first Partner-level promotion the firm has made since its establishment in 2013. Going forward, Roman will also co-head the dispute resolution department of the firm.
White & Case has advised Super Group Limited (Super Group) on its acquisition of the IN tIME group from funds advised by Equistone Partners Europe, in a deal that values the company at EUR 153.5 million. Equistone was advised by P+P Pollath + Partners. The transaction should complete in the autumn after approval by the central bank of South Africa.