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The Romanian legal landscape is buzzing with changes in the life sciences sectors. With the presence of global pharmaceutical companies and a push for innovative therapies, the country is solidifying its position as a key market, while advancing toward economic stability, according to Musat & Asociatii Deputy Managing Partner Dan Minoiu.

Recent legislative changes in the gambling field have generated a series of economic challenges for this industry, leading more and more organizers to cease or restructure their activities.

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 Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.

The recent practice in the field has shown that the expenses with intragroup services are currently one of the main topics addressed during tax audits and, at the same time, one of the main topics generating tax controversies.

On 16 January 2024, the Law No. 17/2024 amending and supplementing Law No. 237/2015 on the authorisation and supervision of insurance and reinsurance activities, as well as amending and supplementing certain regulatory acts was published in Official Gazette Of Romania No. 36., aiming to strengthen the protection of both policyholders and beneficiaries by ensuring the stability of the insurance market and a greater degree of predictability in the development of each individual company and the insurance market as a whole.

On November 21, 2023, corporate/M&A and private equity experts from Bulgaria, Greece, Hungary, Kosovo, Moldova, Romania, Serbia, Slovakia, Turkiye, and Ukraine sat down for a virtual round table moderated by CEE Legal Matters Managing Editor Radu Cotarcea to discuss the key developments in the field over the past decade.

Musat & Asociatii Deputy Managing Partner Razvan Stoicescu talks about the evolution of the practice and their role as legal advisors in Romania over the last 10 years.

On 20 October 2023, the National Agency for Administration and Regulation in Communications (“ANCOM”) and the Ministry of Research, Innovation and Digitalization submitted for public consultation the draft law establishing the national legislative measures necessary to implement the provisions of Regulation (EU) 2022/2065 of the European Parliament and of the Council on a Single Market for Digital Services and amending Directive 2000/31/EC (“DSA Regulation”) in Romania.

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Musat & Asociatii at a Glance

We turn our knowledge into value for your business

30 years of extensive expertise in the challenging Romanian market

Muşat & Asociaţii’s name stands for the highest level of expertise and commitment in assisting clients in business matters. For 30 years, Muşat & Asociaţii has provided legal advice for the most dynamic national and multinational private companies across various industries, as well as for state owned companies and the Romanian authorities.

Our diverse practice allows us to work for many major US and EU corporations investing or doing business in Romania, most of which are listed in the Fortune 500.

The firm has been at the forefront of the country’s legal and business development, anticipating the evolving needs of its clients and it has also been involved in the largest transactions on the local market.

We pride ourselves on our impressive portfolio of mandates, always setting legal precedents and breaking new ground.

Today, this unmatched experience in all areas of business law is put to the service of our clients. We focus on constantly developing value-added, tailor-made legal services, aimed at enabling our clients’ business progress in a legally sound environment.

Firm's website: www.musat.ro/