CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Following the formal adoption by the European Council of the directive to postpone the initial reporting deadlines for “DAC6” by six months, on 1 July 2020 the Romanian Government adopted Emergency Ordinance no. 107/2020 by which it extends the deadline for submission of reports regarding cross-border transactions under DAC6 rules.
Radulescu & Musoi has advised Black Sea Fund I on its acquisition of an unspecified stake in interior design and custom furniture company Intermedio General, which operates under the Theta brand. Schoenherr advised the seller on the deal.
Long-time Romanian Magistrate Constantin Branzan has joined Popescu & Asociatii's Litigation and Arbitration Department in Bucharest.
Vasile Tiple, the first in-house counsel and former General Counsel of UiPath, has left that role to become Head of Legal Automation – in which capacity he intends to develop a new and expanded Legal Automation Program as part of the company's business offering.
After operating under the brands Andersen Tax, Andersen Legal, and Andersen Tax & Legal, the member firms of Andersen Global in Europe, will now operate under a single brand: "Andersen".
On 11 December 2019, the European Commission (the “Commission”) presented the European Green Deal (the “Green Deal”), with the aim that European Union becomes the first climate – neutral bloc in the world by 2050. To this purpose, European Union will be transformed into a modern, resource-efficient and competitive economy where there will be no net emissions of greenhouse gases by 2050 and the economic growth will be decoupled from resource use.
Mihaela Popescu has joined Idea Bank Romania as its new General Compliance Head.
On 27 May 2020, Order of the Minister of Environment, Water and Forest no. 1.134 from May 20, 2020 was published in the Official Gazette no. 445. (the “Order no. 1.134/2020”).
Cazacu, Manolache, Popa has advised a Romanian subsidiary of Raiffeisen Leasing on the sale of a large plot of land in Aleea Viilor in Timisoara, Romania.
DLA Piper has advised Early Game Ventures on financing provided to Humans DNA, a Romanian startup developing the technology for generating synthetic media. ROCA X and other angel investors also participated in the EUR 330,000 financing round.
On January 29, 2020, the European Commission adopted the Communication that endorsed the Cybersecurity of 5G networks EU Toolbox of risk mitigating measures (“5G EU Toolbox”).
The former MPR Partners | Maravela, Popescu & Roman law firm in Romania has announced "the cessation of the professional partnership with attorney Ioan Roman," and its consequent rebranding as MPR Partners | Maravela, Popescu & Asociatii.
While following the adoption of the Temporary Framework various EU countries have rather quickly implemented state support schemes that also cover large corporations, Romania has so far only focused on SMEs.
Kinstellar has advised FirstFarms, a Denmark-based land and agriculture investor in Eastern Europe, on the sale of a farm covering approximately 1,700 hectares in western Romania.
Stratulat Albulescu has advised CODA Intelligence on a EUR 800,000 seed funding round led by Romanian Early Game Ventures and including technology investment fund ROCA X and other angel investors. DLA Piper advised Early Game Ventures on the deal.
According to Art. 44 of Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC (General Data Protection Regulation), ˝Any transfer of personal data which are undergoing processing or are intended for processing after transfer to a third country or to an international organization shall take place only if, subject to the other provisions of this Regulation, the conditions laid down in this Chapter are complied with by the controller and processor, including for onward transfers of personal data from the third country or an international organization to another third country or to another international organization.˶
Simina Mut has been promoted to Partner at Reff and Associates, the law firm representing the Deloitte Legal network in Romania.
CEE Attorneys Boanta, Gidei si Asociatii has advised the Sparking Capital investment fund on financing granted to the Romanian start-up K Factory, the developer of a digital platform that aims at increasing the performance and productivity of production companies. BPV Grigorescu Stefanica advised K-Factory on the deal.
MPR Partners | Maravela, Popescu & Roman 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 & Roman 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.
Firm’s clients (multinational corporations, sound Romanian companies, private investors, public authorities and State companies) recommend MPR Partners | Maravela, Popescu & Roman as “A reliable team providing a high standard of work.” (quote by Chambers and Partners), having consistently endorsed the outstanding quality of services provided, flexible approach, responsiveness as well as the friendly working climate.
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