Tuca Zbarcea & Asociatii has advised Speedwell Real Estate Development on its acquisition of two plots of land from Austrian real estate investor Immofinanz, which was represented by Popovici Nitu Stoica & Asociatii.
“The current topics on the Romanian legal market are the GDPR’s implementation and the recent decision of the country’s Constitutional Court concerning the dismissal of the National Anticorruption Directorate's chief,” says Germin Petcu, Partner at Dobre, Tulei & Asociatii in Bucharest. “There is quite a political struggle right now in Romania,” he adds, noting that in the long term this may affect businesses and foreign investment in the country.
PNSA has advised Swiss grain and fertilizer trader Ameropa on the acquisition of 40% of the shares of agribusiness companies Promat Comimpex and Agroind Cauaceu, two distributors of agricultural inputs and outputs in the northern part of Romania. The sellers, Cristian Moldovan and Dan Corbut, were represented by Kinstellar.
The European Union’s General Data Protection Regulation is, according to the EU-hosted GDPR website, “the most important change in data privacy regulation in the past 20 years.” The Act, which was approved by the EU Parliament on April 14, 2016 and will become fully effective on May 25, 2018, was designed “to harmonize data privacy laws across Europe, to protect and empower all EU citizens’ data privacy, and to reshape the way organizations across the region approach data privacy.”
The winners of the 2017 CEE Deal of the Year Awards were announced at the first ever CEE Legal Matters Deal of the Year Awards Banquet last night in Prague. The biggest smiles in the joyous and music-filled celebration of CEE lawyering, perhaps, were on the faces of Partners from Avellum and Sayenko Kharenko, which, along with White & Case and Latham & Watkins, won the award both for Ukrainian Deal of the Year and CEE Deal of the Year for their work on the 2017 Ukraine Eurobond Issue (a story initially reported by CEE Legal Matters on October 2, 2017).