CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Popovici Nitu Stoica & Asociatii has advised BRD Groupe Societe Generale on its co-investment with Raiffeisen Bank and BCR in CIT One. The transaction is pending regulatory approval. BCR and CIT One were advised by Filip & Company, while Raiffeisen Bank was advised by Nestor Nestor Diculescu Kingston Petersen.
Tuca Zbarcea & Asociatii has promoted Dan Cristea and Ciprian Timofte to Partner following the firm’s annual performance review in November. The promotions, which will become effective on January 1, 2020, will bring the total number of partners at the firm to 29.
RTPR Allen & Overy has advised Autonom Services S.A. on its issuance of corporate bonds. The bonds, which will be traded under the symbol AUT24E on the Bucharest Stock Exchange, have a nominal value of EUR 1,000, a maturity of five years and a fixed interest of 4.45% p.a., payable annually.
Wolf Theiss has advised the shareholders of Adeplast on the sale of 100% of its shares to the Sika Group. The buyers were advised by Eversheds Sutherland on the transaction, which remains subject to clearance by various anti-trust authorities.
Wolf Theiss has informed CEE Legal Matters that this past spring it worked alongside Jones Day and Kirkland & Ellis in advising Blackstone Tactical Opportunities on its EUR 175 million acquisition of a minority stake in Romania's Superbet Group. Romania's Bulboaca & Asociatii worked alongside global counsel Herzog, Fox & Neeman in advising the sellers.
Partner Ana Radnev has been appointed the Head of CMS's Romanian Banking & Finance practice, succeeding Simona Marin.
Suciu Popa has successfully represented Italian energy company Enel in an ICC arbitration against the Romanian state in Paris.
Nestor Nestor Diculescu Kingston Petersen has assisted businessman Vicentiu Zorzolan on the sale, made with his partner Octavian Radu, of the shares held in Sistec Next Docs and Sistec Confidential to Inform Lykos. Inform Lykos and Octavian Radu were advised by Filip & Company.
Stratulat Albulescu has advised Amphenol on its acquisition of the Romanian subsidiaries of GJM, a Spanish original equipment manufacturer of key components for the automotive industry.
Stratulat Albulescu has advised Titluri Quality S.R.L. on its acquisition of all the publishing activities of Gandul, Apropo, Ce Se Intampla Doctore, Descopera, and Go4IT from Mediafax. The transaction also included the acquisition of all related Internet domains, specific operating equipment, and the transfer of employees.
Nestor Nestor Diculescu Kingston Petersen has advised Edenred, a company issuing cards and benefits vouchers for employees, on its acquisition of Benefit Online, an extended platform for flexible extra-wage benefits in Romania.
Reff & Associates — the Romanian arm of Deloitte Legal — has assisted Denmark's Vestas Wind Systems on the sale of 80% of its subsidiaries owning the Pantelimon, Pegasus, and Apollo wind power plants, to IRI Investments, a Romanian subsidiary of the Ingka Group. Wolf Theiss advised the buyers.
Former Wolf Theiss Poland Co-Managing Partner Ron Given has joined Deloitte Legal as its CE Senior Legal Counsel, responsible for all of the firm’s offices in 19 Central and Eastern European countries.
The European Council has agreed to the appointment of prominent Romanian prosecutor Laura Codruta Kovesi as the first European chief prosecutor. The appointment now awaits the confirmation of the European Parliament.
Technology is part of our lives. And technological development leaves its mark on our lifestyle. We saw that in our own homes when we gave up our traditional landlines and used the fixed broadband Internet connection instead, at higher and higher speeds. We see that when exploring the ever-expanding features and options of our mobile handsets. We also see that while viewing high definition programs or when accessing digital interactive services through our TV sets, and when faced with the option of placing calls using traditional services or through new applications. We can see the technological development when rural areas have access to electronic communications and are thus able to reap the benefits of the digital economy.
White & Case has advised the PPF Group on its USD 2.1 billion acquisition of Central European Media Enterprises. Bondoc Si Asociatii advised PPF on Romanian law matters. CME was advised by Covington & Burling and Sullivan & Cromwell.
Stratulat Albulescu has advised Corporate Finance House Group, a Middle Eastern investor, on the acquisition of the Day Tower class A office building in Bucharest from the Day Group.
Stratulat Albulescu Attorneys at Law has advised Morphosis Capital on its investment in Doc Process SRL.
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