PeliFilip, working alongside Linklaters, has assisted Romania's Ministry of Public Finance in a Eurobonds issue which attracted EUR 1 billion from international markets, through the re-opening of an April 2017 issue, with a maturity of 10 years and a coupon of 2.375%.
Tuca Zbarcea & Asociatii has advised Elit Cugir on its sale of a 100% stake in two packaged meat manufacturers in Romania — Elit SRL and Vericom SRL — to the Smithfield Foods Inc unit of WH Group Ltd. Nestor Nestor Diculescu Kingston Petersen advised the buyers on the deal. Financial details were not disclosed, and the deals remain contingent on anti-monopoly approval from the relevant regulatory authorities.
In a recent and widely-reported decision of significance for employers across the European Union, the Grand Chamber of the European Court of Human Rights has reversed a previous decision of the Chamber and ruled that companies can monitor their employees’ email only if the employees are notified in advance.
Tuca Zbarcea & Asociatii has advised Fortuna Entertainment Group N.V., acting through Fortuna Romania, on various gambling regulatory aspects as well as on corporate, IP and insolvency laws matters related to its acquisitions of Bet Active Concept S.R.L., Bet Zone S.R.L., Public Slots S.R.L., and Slot Arena S.R.L.
"Romania is in a good shape right now,” says Gabriel Zbarcea, Managing Partner at Tuca Zbarcea & Asociatii. "It’s one of the fastest growing countries in the region. Estimated real GDP growth in 2016 was five percent, according to the IMF, which is huge, and it's 4.2% in 2017. The unemployment rate was 5.9% last year, well below the EU average. And we’re a very good market for investors, because of relatively inexpensive labor and a relatively diversified industry.”
4th and 5th of October 2017 in Casablanca, Morocco
The Bucharest office of Wolf Theiss has expanded its TMT and data protection & compliance practice by adding former EY Senior Manager Maria Maxim to its team.