The litigation practice of Clifford Chance Badea has secured a favorable decision for BRD Societe Generale in relation to a claim raised by Metexcom SRL at the Court of International Commercial Arbitration attached to the Chamber of Commerce and Industry of Romania.
On January 2, 2018, CEE Legal Matters reported that Czech pharmacy chain Dr. Max acquired the entire A&D Pharma network in Romania, in a transaction that has been shortlisted for CEE Deal of the Year 2017 in the country. While the transaction awaits approval from authorities, we reached out to Ivo Senkyrik, Head of Group M&A at Dr. Max, to find out how his team made the deal happen.
RTPR Allen & Overy has advised EBRD on a EUR 60 million loan to Transgaz, the technical operator of the national natural gas transmission, for its construction of Romania’s section of a regional gas pipeline between Romania, Bulgaria, Hungary, and Austria. Transgaz was assisted by Tuca, Zbarcea & Asociatii.
RTPR Allen & Overy has advised Purcari Wineries Public Company Limited on its IPO and admission to trading on the Bucharest Stock Exchange under the WINE symbol, with retail investors oversubscribing more than four times over. Leroy si Asociatii advised the IFC on the listing, representing 49% of the Purcari Wineries share capital. The offer was managed by Raiffeisen Bank and Swiss Capital, advised by CMS.
After having dealt with a problem of practical interest for companies in the December 2017 issue of our newsletter in terms of GDPR requirements, we intent to cover in this article another topic of major interest for companies: when must they assess the impact of their processing of personal data activities and, if so, how do they make this assessment?
“Due to the existing political instability and to unpredictable legislative measures we can say that investors are somewhat reluctant to enter the Romanian market,” says Zamfirescu Racoti and Partners Partner Anca Danilescu, “but we have still had a lot of M&A activity lately, and the real estate market has also been reinvigorated.”