CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Emergency Government Ordinance (EGO) no. 13 dated 24 February 2021, which amends Law 227/2015 regarding the Fiscal Code and Accounting Law no. 82/1991, was published in the Romanian Official Gazette, issue no. 0197 dated 26 February 2021.
Glodeanu & Partners, working with the Nivaro Law Firm, has advised Impero Software on the acquisition of Danish-based Netop, which has a strong presence in Romania through two of its subsidiaries, from Consolidated Holdings A/S.
Mitroi, Damian, Serbu & Associates and Ireland's Crowley Millar Solicitors have successfully represented Romanian airline Just-Us Air in arbitration with Air Moldova, the largest Moldovan airline.
NNDKP has advised Clinica Victoria on the establishment of a partnership with EquiLiant Capital, an investment fund financed by Paval Holding. PIM & Associates advised EquiLiant on the deal.
The Bucharest office of Kinstellar has helped Ontario Power Generation, acting through its Canadian Nuclear Partners subsidiary, to enter into a EUR 3.156 million contract to refurbish Reactor 1 of the Cernavoda nuclear power plant from Romania’s S.N. Nuclearelectrica S.A.
Schoenherr has advised Elevator Ventures, the corporate venture capital entity of Raiffeisen Bank International, on leading a seed round investment in Romanian fintech start-up Finqware.
Firon Bar-Nir has helped the Private School Association and a group of parents with a class action law suit against Romania’s Ministry of Health, Ministry of Education and Research, and several other governmental bodies aimed at having in-person teaching in Romanian schools resumed.
After simplifying the procedure for VAT registration in 2020 (i.e. risk analysis by the taxpayer after VAT registration instead of on the submission date of application for VAT registration), the Romanian tax authorities approved another simplification of the VAT registration procedure at the beginning of this week.
Bondoc si Asociatii has advised Ireland's Tapbury (Management) Limited on the acquisition of a Romanian company that is developing a wind farm project with approximately 60 MW installed capacity on around 150 hectares of land in Dobrogea region.
The phenomenon of tax evasion is present all around the globe regardless of whether we look at “civilized” or developing countries, being one of the most widespread and notorious form of financial crimes, responsible for a significant part of the shadow economy.
Back in July 2020, the Romanian Companies Law was amended to allow entrepreneurs to hold the position of sole shareholder in more than one Romanian limited liability company.
Interview with the Partners of the New NGL Symbio Alliance.
New technologies are all the rage, as law firms adapt to the telecommuting and digitalization realities that accompanied the Covid-19 pandemic. Accordingly, we decided to ask our Law Firm Marketing experts from across the region a simple question: “What is the single most important/valuable piece of software you use?” As always, we asked respondents to focus on the question at hand, rather than – as we put it – using the question simply as an excuse to “tell us that their firms are awesome.” Not everyone was able to resist.
Otilia Vilcu has become Partner at GNP Guia Naghi and Partners.
The Bucharest office of DLA Piper has advised Romanian mobile gaming studio Green Horse Games on an unspecified investment into the company from mobile game developer Miniclip.
Vincentiu Constantin has been made Managing Associate and Head of Dispute Resolution at Leroy si Asociatii in Romania.
On January 19, 2021, CEE Legal Matters reported that Bondoc si Asociatii had advised independent electricity and gas supplier Restart Energy on its cooperation agreement with DC-based consulting and fund management company Interlink Capital Strategies to develop green energy projects worth USD 500 million in Romania and neighboring countries and to launch the blockchain-based RED platform in the USA. CEEIHM spoke with Armand Domuta, Chairman of the board at Restart Energy, to learn more about the agreement.
Buzescu Ca has advised US web search company Algolia on its acquisition of the Romanian subsidiary of AI tech company MorphL AI, which was advised by the US's Polsinelli law firm. Orrick Herrington & Sutcliffe advised Algolia on US law matters.
MPR Partners | Maravela, Popescu & Asociatii is an internationally recommended and repeatedly awarded Romanian law firm providing integrated legal, tax advisory and insolvency services in all areas of interest for businesses and public administration.
MPR Partners | Maravela, Popescu & Asociatii covers all major Romanian regions as well as the Republic of Moldavia, either directly or through carefully selected and closely coordinated correspondent offices. In addition, the firm has the infrastructure required to coordinate advice in multiple countries through highly reputed international networks of specialists ensuring high end services.
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