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.

Wolf Theiss has promoted former Counsels Andreea Zvac, Oleg Temnikov, Stefan Horn, and Alexander Zollner to Partner.

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 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 has advised Sarmis Capital on its acquisition of AEK Security, AEK Firefighters, and Deziclean. Filip & Company reportedly advised the AEK-Deziclean Group.

Former Suciu Popa Partner Luminita Popa has left the firm to establish Popa Legal.

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 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 has announced it successfully completed the acquisition of Noerr’s Bratislava, Bucharest, and Prague operations.

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.

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).

PwC Legal-affiliated D&B David si Baias has promoted Lucian Bozian to Partner.

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 has advised Humans.ai on its acquisition of Starfish Technologies.

Clifford Chance has advised Nofar Energy on the acquisition of Aviv Renewable Investment.

Ramona Cirlig has founded RC International Disputes 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 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.