Stratulat Albulescu Attorneys at Law is reporting that former Voicu & Filipescu Partner Florin Dutu has joined the firm as a Partner to head its Litigation and Arbitration practices.
Maravela & Asociatii has assisted Quantum Music Records Romania on its conclusion of a strategic partnership with Universal Music France for the development of the musical project of the artist Irina Rimes (also known as Irina Remesh or Irra), in France and on French territories and in the French communities of Monaco, The French Overseas Territories and Departments, Andorra, Benelux, Switzerland, and Canada.
Expenses and value added tax are non-deductible for purchases made during the period in which your company or one of your business partners from whom you purchase goods or services is declared fiscally inactive. They can be deducted after fiscal reactivation in certain conditions. This article describes the situations where a company is declared fiscally inactive and how one can check the fiscal inactivity status, also analyzing the regime of expenses and value added tax during inactivation and after fiscal reactivation.
PeliFilip, working with Linklaters, has advised the Romanian Ministry of Public Finance on a two-tranche Eurobonds issue which attracted EUR 1.75 billion from international markets. Clifford Chance Badea provided legal assistance to the bank syndicate, which included Barclays Bank PLC, Citigroup Global Markets Limited, Erste Group Bank AG, Societe Generale, and ING Bank NV.
Clifford Chance and Dentons are reporting that the EUR 650 million sale of a 265,000 square meter CEE retail portfolio by CBRE Global Investors to CPI Property Group that was initially reported in January closed on March 29, 2017, and more information has been learned about the structuring of the deal and the firms involved.
Greenberg Traurig is announcing that it advised Anheuser-Busch InBev on the Polish aspects of the sale to Japanese brewer Asahi Group Holdings, Ltd. of the businesses that prior to its combination with AB InBev were owned by SABMiller plc in Central and Eastern Europe. Similarly, Suciu Popa is announcing that it advised SAB Miller on the sale of its Romanian businesses.
The Romanian code regulating audiovisual content has been recently amended. Among the changes, we mention the fact that minors can no longer be used in food advertising. Also, an important modification provides that the advertising of food supplements must contain the data approved by the authorities. This month’s cover article examines these changes and the broader context of these specific regulations.
A two-hour webinar, May 9, 2017, from 11am -1pm NYC time
On December 9, 2016, CEELM reported that A&D Pharma Group acquired 78 pharmacies from Sibpharmamed in Romania. We invited Mihaela Scarlatescu, Head of Legal and Compliance at A&D Pharma, to explain how the transaction was realized.