With a growing economy but significant structural deficits, Romania’s healthcare system struggles with underfunding, slow approval processes, and high taxes, making access to new therapies a slow and challenging endeavor, according to Tuca Zbarcea & Asociatii Managing Associate and Head of Pharma and Medical Devices Dominic Morega.
Andreea Zvac, Oleg Temnikov, Stefan Horn, and Alexander Zollner Make Partner at Wolf Theiss
Wolf Theiss has promoted former Counsels Andreea Zvac, Oleg Temnikov, Stefan Horn, and Alexander Zollner to Partner.
The Identity of an Economic Entity Within a Business Transfer in Light of Directive 2001/23 and CJEU Practice
The business transfer inevitably impacts on employment relationships, a context in which the identity of the economic entity has been the subject of exhaustive analysis in recent case-law of the Court of Justice of the European Union (CJEU).
Dentons Advises Resource Partners on Acquisition of Vola and FRU
Dentons has advised Resource Partners on its acquisition of an 80% stake in Interactive Travel Holdings, the parent company of the Romanian brand Vola.ro and Polish brand FRU.pl, which also operates in Bulgaria and Moldova, from 3TS Capital Partners and the Polish co-founders of FRU.pl. CMS and DLA Piper reportedly advised the sellers.
RTPR Advises Sarmis Capital on Acquisition of AEK Security, AEK Firefighters, and Deziclean
RTPR has advised Sarmis Capital on its acquisition of AEK Security, AEK Firefighters, and Deziclean. Filip & Company reportedly advised the AEK-Deziclean Group.
Popa Legal Opens Doors in Bucharest
Former Suciu Popa Partner Luminita Popa has left the firm to establish Popa Legal.
Suciu Popa Becomes Suciu Partners
Suciu Popa has announced it is rebranding as Suciu Partners following former Partner Luminita Popa's departure. Founding Partners Cleopatra Leahu and Dan Ciobanu were appointed as Deputy Managing Partners alongside Managing Partner Miruna Suciu. The firm also appointed Partner Mihai Caragui as its new leader of the corporate and advisory departments, Partner Radu Chiran – as its new coordinator of the litigation and arbitration practices, and promoted Noemi Siman to Partner.
PeliPartners Advises on Sale of LPG Maritime Terminal in Romania
PeliPartners has advised Bogdan Idu and his group companies on the sale of an LPG maritime terminal in Romania to Nawaf Salameh Family Office Group.
Kinstellar Completes Acquisition of Noerr’s Bratislava, Bucharest, and Prague Offices
Kinstellar has announced it successfully completed the acquisition of Noerr’s Bratislava, Bucharest, and Prague operations.
RTPR and Stratulat Albulescu Advise on Sale of 123FormBuilder to Kiteworks
RTPR, working with A&O Shearman, has advised 123FormBuilder shareholders 212 Regional Fund II, Catalyst Romania, Florin Cornianu, and Adrian Gheara on the sale of the company to Kiteworks. Stratulat Albulescu advised Kiteworks.
Current Challenges Regarding the Exclusion of Shareholders in Limited Liability Companies
The exclusion of shareholders has been seen over the years as a specific procedure aimed at safeguarding companies, in case of a serious breach of the legal and contractual obligations of the shareholders or in case of events with legal effects on some shareholders – resulting in the loss of the “unanimous” consent expressed as affectio societatis (consisting in the shareholders’ intention to cooperate in running the business to achieve and share the benefits).
Lucian Bozian Promoted to Partner at D&B David si Baias
PwC Legal-affiliated D&B David si Baias has promoted Lucian Bozian to Partner.
Potamits Vekris Advises Fourlis on Foot Locker License Rights and Acquisition
Potamits Vekris has advised Fourlis on the license rights for the Foot Locker network in eight countries in Southeast Europe and the acquisition of the existing Foot Locker network in Greece and Romania.
Buju Stanciu & Associates Advises Humans.ai on Acquisition of Starfish Technologies
Buju Stanciu & Associates has advised Humans.ai on its acquisition of Starfish Technologies.
Clifford Chance Advises Nofar Energy on Acquisition of Aviv Renewable Investment
Clifford Chance has advised Nofar Energy on the acquisition of Aviv Renewable Investment.
RC International Disputes Opens Doors in Romania
Ramona Cirlig has founded RC International Disputes in Romania.
Clifford Chance Advises Nofar Energy on EUR 122 Million Loan for 315 MW Solar Power Plants in Romania
Clifford Chance has advised Nofar Energy via its Romanian entities Solis Imperium and RTG Solar Energy on a EUR 122 million term loan facility agreement and VAT facility agreement with the EBRD and Raiffeisen International.
Tuca Zbarcea & Asociatii and Act Legal Advise on EBRD, Morphosis Capital Fund II, and CEECAT Capital's Investment in La Cocos
Tuca Zbarcea & Asociatii has advised Romanian entrepreneurs Gianina and Iulian Nica – owners of the retail chain operating under the “La Cocos” brand – on a strategic investment from EBRD, Morphosis Capital Fund II, and CEECAT Capital. Act Legal Romania, working with Mihaela Mindru Law Office, Bryan Cave Leighton Paisner, and Van Campen Liem, advised the investors.