Eterna Law has advised MET Group on its agreement to assist Ukrenergo on the latter's plan to reconstruct its infrastructure in Ukraine.
After a period of uncertainty arising from the absence of any regulations related to ridesharing activities through digital platforms, which included a tumultuous series of strikes and protests by traditional cab service providers in major Romania cities, on June 25, 2019, the Government of Romania passed Government Emergency Ordinance 49/2019 on Ridesharing by Cars with Drivers.
A new year has begun, and the build-up of tax responsibilities and pressure has peaked and is now close to the point of reset and restart. But what does 2020 hold in store for companies active in Romania in terms of anticipated tax changes? And how can they get ready for and adapt to such amendments?
Clifford Chance Badea has advised a consortium of BNP Paribas, Citigroup Global Markets Limited, Raiffeisen Bank International AG, Societe Generale, and Unicredit Bank AG on the EUR 3 billion sovereign bond issuance by the Romanian Ministry of Finance on external markets. The Romanian Ministry of Finance was advised by Filip & Company.
Filip & Company has advised RCS & RDS and Digi Communications N.V. on issuing two series of senior secured bonds with a total value of EUR 850 million. The lead arrangers included Citibank, ING Bank N.V., and UniCredit Bank S.A., and were advised by Clifford Chance Badea and Cleary Gottlieb Steen & Hamilton.
Schoenherr lawyers Pawel Halwa and Thomas Kulnigg have been promoted to Equity Partner as part of the firm's annual promotion round, and lawyers Constantin Benes, Leon Kopecky, Guenther Leissler, Laurenz Schwitzer, Manuela Zimmermann, Georgiana Badescu, Madalina Neagu, and Milos Lakovic have been promoted to Contract Partner.
The interest of foreign investors in acquiring real estate in Romania has grown significantly since the January 1, 2014 expiration of the country’s prohibition against EU citizens and businesses acquiring agricultural land. Land is available at competitive prices, compared with many other European countries, and other advantages include the facts that Romania holds an important share of the European crop land due to its grain production, has a favorable position within export routes, has high-quality soil, and has a climate suitable for a wide range of agricultural investments.