The UK government recently unveiled guidance on a major update to its corporate fraud laws: the “failure to prevent fraud” offence, introduced through the 2023 Economic Crime and Corporate Transparency Act (ECCT). Taking effect on September 1, 2025, this law could have serious implications for companies operating within the EU.

RTPR has advised Autonom Services on a bond issuance with an aggregate nominal value of EUR 30 million and a maturity of five years, with a fixed annual interest rate of 6.14%.

On November 21, 2024, Clifford Chance announced that PPC Group's acquisition of Evryo Group's Romanian RES portfolio (as reported by CEE Legal Matters on August 9, 2024) has now closed.

Dragne & Asociatii has promoted Mihai Iorga to Partner.

The acquisition by a joint-stock company of its own shares, also known as share buy-back, is permitted under Romanian law, as provided by Articles 103 – 109 of the Companies Law no. 31/1990 (“Companies Law”). The operation is, however, limited by certain conditions, based on reasons such as the goal to avoid speculation by the company on the price of its own shares or the difficulty to accept that the company can be, at the same time, a shareholder (being thus both debtor and creditor)[1].

Dentons has advised EnergoNuclear on an engineering, procurement, and construction management contract for the advancement of the Cernavoda Nuclear Power Plant Units in Romania. CMS reportedly advised the counterparty.

Filip & Company and Deloitte Legal-affiliated Reff & Asociatii have successfully represented BT Leasing Transilvania IFN before the Bucharest Court of Appeal in a first-instance decision that annulled a Competition Council Decision imposing fines on 16 companies and the Financial Services Association following an investigation into the financial leasing market.

Filip & Company Partner Catalin Alexandru dives into Romania's legal and business landscape, examining the impact of election-year dynamics on regulatory activity, the Constitutional Court's landmark decision on the windfall tax, the surge in public-private partnerships tied to infrastructure projects, and the general market trends.

Stratulat Albulescu has advised World Class on a lease of space in the Moldova Mall in Iasi from Prime Kapital.

The way in which resolutions are adopted in limited liability companies (“LLC”) with a sole shareholder who is a legal person, has given rise, in practice, to contradictory views, underscoring several relevant legal aspects. We will explore below some of these aspects.

Former Biris Goran Real Estate Partner Daniela Lazea has left the firm after 17 years and has joined Global Vision as General Counsel.

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.

CWB has successfully represented the interests of Renault and its Romanian subsidiary Dacia before the Serbian Supreme Court.

Schoenherr has promoted Vienna-based Stefanie Aichhorn-Woess, Alfred Amann, Johannes Frank, Ayla Ilicali, Christoph Jirak, Sara Khalil, Sebastian Lukic, Johannes Stalzer, and Stefanie Stegbauer, Zagreb-based Kresimira Kruslin, Warsaw-based Daniel Radwanski, and Bucharest-based Nora Olah to Partner (already announced in August this year).

Popescu & Asociatii has successfully defended Cosmin Sandru and Nicolae Bitea, members of the PNL Timis party, before the High Court of Cassation and Justice of Romania against corruption charges.

Kinstellar has advised Ardian on its acquisition of a majority interest in Vista Vision. PedersoliGattai reportedly advised Vista Vision.

On November 4, 2024, Clifford Chance announced that Alpha Bank Group and Alpha Bank Romania's sale of 90.1% of Alpha Bank Romania to UniCredit (as reported by CEE Legal Matters on November 16, 2023) has closed.

DLA Piper has advised Axel Johnson on its acquisition of La Fantana from Oresa and CEO Cristian Amza. RTPR, working with A&O Shearman, advised the sellers.