Leaua Damcali Deaconu Paunescu has promoted former Managing Associate Andra Soare-Filatov to Partner.

DLA Piper has advised Believe on a partnership with Global Records. RTPR advised Global Records.

On 12 April 2024, the Council of the European Union adopted the revised text of Directive 2010/31/EU on the energy performance of buildings (the “Revised Directive”). The Revised Directive was published in the Official Journal of the European Union on 8 May 2024 and Member States will have to transpose it into national legislation within 2 years of its entry into force (i.e. 28 May 2024).

Kinstellar has advised the majority shareholders of Agrotex on the sale of a significant stake to Promat Comimpex. PNSA reportedly advised Promat Comimpex.

Schoenherr, working with Rutgers & Posch, has advised the shareholders of Resalta on the disposal of a controlling stake in Resalta BV Netherlands, including its Slovenian, Croatian, Serbian, Romanian, and Czech Republic subsidiaries, to Aggreko. A&O Shearman reportedly advised Aggreko.

Popovici, Nitu, Stoica & Asociatii has advised Malherbe Transports on its acquisition of Contralog Europa.

BPV Grigorescu Stefanica has advised Omnia Capital on its investment in Cargo Buddy.

Filip & Company has advised Banca Transilvania on its synthetic securitization deal with the European Investment Bank and the European Investment Fund. White & Case advised EIB and EIF.

Nyerges & Partners has advised Shikun & Binui Energy on a EUR 49 million loan from Raiffeisen Bank International AG for their second Romanian investment – a 101-megawatt photovoltaic facility located in Simleu Silvaniei. CMS reportedly advised Raiffeisen Bank.

Stratulat Albulescu has advised Vienna Insurance Group member Asigurarea Romaneasca – Asirom Vienna Insurance Group on its acquisition of the entire insurance portfolio of the Romanian branch of Aegon Towarzystwo Ubezpieczen.

CMS has advised Entek Elektrik Uretim on the acquisition of two Romanian companies owning the rights to a 214.26-megawatt solar power project under development from UK-based Econergy International.

Contributed by Tuca Zbarcea & Asociatii.

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.

A recent legislative amendment to Law no. 17/2014, concerning certain measures regulating the sale of extra muros agricultural land, which also amends Law no. 268/2001 on the privatisation of companies managing public and private state-owned agricultural land and the establishment of the State Domains Agency (“Law 17”), has been proposed in the Romanian Senate. This amendment aims to introduce a new category of pre-emptors: owners of land adjoining extra muros arable land, regardless of the location within or outside city limits and regardless of the land use category.

Romania-based Mares & Mares and Cyprus-based Emilianides Katsaros have formed a partnership spanning Cyprus, Romania, and Greece.

CMS has advised Alcedo on its acquisition of Naturevo Romania.

Filip & Company has advised BayWa on its acquisition of the White Gate Photovoltaic Park.

Alexandra Ivancia has joined CTP Romania as its new Head of Legal Leasing.