Kinstellar, working with Linklaters, has advised a syndicate of banks on a EUR 500 million senior facility agreement with Romanian telecommunications service provider RCS & RDS. Filip & Company advised RCS & RDS.

Clifford Chance Badea has advised the arrangers on implementing the EUR 500 million bond issuance of Banca Transilvania. Filip & Company advised issuer Banca Transilvania.

Last week the European Union took a major step towards regulating the fast-growing cryptocurrency market with the final approval of the Regulation on Markets in Crypto-Assets (“MiCA”). The new regulation was approved by the European Parliament on 20 April 2023, and is now subject to formal endorsement by the European Council and publication in the Official Journal of the European Union.

Despite the challenging global landscape, Romania’s banking sector continues to show resilience – with M&A activity in line with the second half of 2022 – according to Filip & Company Partner Alexandra Manciulea.

Many books have been written and just as many films have been made trying to show what the future will look like, but we are much closer to knowing it with the advent of artificial intelligence and, more specifically, generative artificial intelligence. Generative artificial intelligence is a type of artificial intelligence that can generate new content, as opposed to systems that simply analyse or act statically on an existing data set.

In 2022, the Romanian competition authority focused on closing important investigations, recorded the highest number of cleared mergers in recent history and set the legislative framework for new directions of action and analysis.

Promulgated in December 2022 more than 3 years after its initiation, the new law on social dialogue, Law no. 367/2022, has the declared aim of facilitating social dialogue and the exercise of certain employee rights.

Vernon David and Filip & Company have advised Moldova's Victoriabank on its acquisition of the Chisinau subsidiary of Banca Comerciala Romana. Schoenherr advised the seller.

Filip & Company has advised both Inform Lykos Romania and entrepreneur Octavian Radu on setting up a joint-venture holding company that took over Pink Post Group’s postal and courier services business and the postal volumes aggregation business operated by the Inform Lykos group.

Filip & Company has advised Instant Factoring on a EUR 600,000 financing from several investors including MicroEurope.

Filip & Company Counsels Cristina Tudoran and Silviu Vasile have been appointed as Partners with the firm.

Did You Know that, according to the Activity Rankings function of the CEELMDirect website, Kerem Turunc of Turkey’s Turunc Law Firm has worked on more reported client matters over the past 12 months – 13 – than any other lawyer in a domestic law firm in CEE?

Tuca Zbarcea & Asociatii has advised Untold Universe on the sale of a minority stake to Mozaik Investments. Filip & Company advised Mozaik.

Did you know that Dentons worked on more reported client matters in Central and Eastern Europe in 2022 – 86 – than any other firm (with Sorainen only one behind), and that Andrzej Stosio of Clifford Chance in Poland worked on more client matters than any other lawyer in the region – 13 (with Mantas Petkevicius of Sorainen in Lithuania and Roxana Ionescu of Radu Taracila Padurari Retevoescu in Romania both only one behind, with 12)?

Popovici Nitu Stoica & Asociatii has advised Romanian Business Consult on its acquisition of Fullscreen Digital. Filip & Company reportedly advised the seller.

Filip & Company, working with Linklaters’ London office, has advised Fondul Proprietatea on the sale of its entire shareholding in OMV Petrom for RON 764.1 million via an accelerated private placement.

On November 2, 2022, Filip & Company announced that Banca Comerciala Romana’s sale of a part of its BCR Fleet Management operational leasing business to the Arval group (reported by CEE Legal Matters on June 13, 2022) had closed.

Did You Know that, according to the Activity Rankings function of the CEELMDirect website, Clifford Chance has worked on 23 reported Banking/Finance deals in CEE so far this year – the most of any firm – with Dentons, which has worked on 22 such deals so far this year, right behind?