One of the most controversial parts of corporate reorganization operations planning in Romania involves the use of share capital contributions or share swaps as a means to transfer company control – operations that fall into a legislative and administrative grey area.
On Thursday, November 30th, leading legal practitioners from across Central and Eastern Europe gathered in Prague to help CEE Legal Matters celebrate its fourth successful year as the leading chronicle of the legal industry in the region, participating in an expert Round Table conversation about the year just concluded and enjoying an evening of dinner, drinks, and bonhomie.
Maravela | Asociatii has assisted Standex International Corporation with its first investment on the Romanian market: the acquisition of the Romanian branch of the Piazza Rossa Group. Other firms advising Standex on the transaction, which closed at the beginning of August, included Italy's Sinescu & Nazat, Mondini & Resconi law firm and Lazzari Law Firm.
Ranking services form a critical part of the law firm landscape in CEE as around the world, and law firm marketing and business development functions in the region spend many weeks or months each year preparing their submissions for those ranking services they believe are most widely read and influential. Still, not everybody is convinced the ranking services are as effective or valuable as they could be. Thus, for this issue, we asked the law firm marketing and BD experts around CEE: “What one change would you most like to see made to the law firm rankings to make them more useful/effective?”
Gelu Maravela, the Co-Managing Partner of Maravela⎪Asociatii, waives away the potential impact of politics on investment in the country. “There’s no election scheduled for this year anyway,” he says, “so for the next six years we’re 'at bay' on major changes.” In any event, “in terms of politics, we don’t care about it. They have their own agenda. Obviously they have some influence on it, but they can’t really contribute to our business. The private sector moves by itself.”
Maravela & Asociatii has assisted Quantum Music Records Romania on its conclusion of a strategic partnership with Universal Music France for the development of the musical project of the artist Irina Rimes (also known as Irina Remesh or Irra), in France and on French territories and in the French communities of Monaco, The French Overseas Territories and Departments, Andorra, Benelux, Switzerland, and Canada.
Maravela & Asociatii has advised the German group Eberspacher on opening a new plant in Romania.