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On 12 April 2024, the Council of the European Union adopted the revised text of Directive 2010/31/EU on the energy performance of buildings (the “Revised Directive”). The Revised Directive was published in the Official Journal of the European Union on 8 May 2024 and Member States will have to transpose it into national legislation within 2 years of its entry into force (i.e. 28 May 2024).

Filip & Company has advised Romania's RCS & RDS on signing two export credit facility agreements totaling EUR 117.16 million for the acquisition of goods and services to develop its telecom networks in Romania and Portugal and advised its Digi Spain Telecom subsidiary on a EUR 50 million uncommitted and unsecured credit facility agreement.

Filip & Company has advised the Centrokinetic orthopedics and medical rehabilitation network together with its shareholder, the Agista investment fund, on their acquisition of a 70% stake in the Socrates clinic in Timisoara, Romania. Timisoara-based sole practitioner Diana Pavel Cios reportedly advised the sellers.

In The Corner Office, we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. Given the dynamic and ever-evolving nature of the legal profession, we asked: What is the one critical skill that you’re investing time and energy in to develop within your team, and why?

In The Corner Office, we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. As we bid farewell to 2023, this time around we turn our attention forward: What is your one main wish for 2024 and what do you see as the biggest potential risk?

MJH Moskwa, Jarmul, Haladyj has advised a consortium of investors including Smyk Management Board President Michal Grom, Maciej Zuzalek, and an Accession Capital Partners-managed private equity fund on the management buyout of Smyk from the Bridgepoint private equity fund.

Clifford Chance has advised the arranging banks – Citi, Erste, HSBC, JP Morgan, and Societe Generale – on Romania's first issuance of green bonds, to the tune of EUR 2 billion, and simultaneous EUR 2 billion issuance of conventional bonds. Filip & Company, working with Linklaters, advised Romania's Ministry of Finance.

For us, 2023 was a stable year, with constant and varied activity in the real estate field, despite the less favorable context, characterized by high inflation, geopolitical instability and the impact on the economy. Our team has successfully completed several transactions, “pure” real-estate and especially transactions with a predominant M&A component. We were happy to notice a series of projects with 100% Romanian capital, initiated in 2023 and completed in the same year, targeting especially companies that have expanded and diversified their portfolio.

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Filip & Company at a Glance

Filip & Company is one of the leading law firms in Romania providing top quality assistance in all relevant areas of law for businesses operating in Romania or considering Romania. Specialized in complex projects that require an innovative approach, Filip & Company lawyers have significant experience in various areas, such as infrastructure and concession, mergers and acquisitions, energy, corporate, real estate, competition law, finance, and capital markets but also labour law, data protection, consumer or environment protection. The law firm also provides legal assistance and representation in disputes and arbitrations with significant implications for the clients’ businesses.

To find out more about Filip & Company’s expertise areas and team, please visit https://filipandcompany.com/