On February 28, 2018, CEE Legal Matters reported that NEPI Rockcastle PLC had taken over a commercial building in the city center of Sibiu, Romania, for shopping mall development. We reached out to Robert Ionita, Head of Legal at NEPI Rockcastle, to get his perspective on the deal.
Reff & Associates has advised MAS Real Estate on its acquisition of the Militari Shopping Center in Bucharest from Atrium European Real Estate in a transaction worth EUR 95 million. Atrium was advised by Kinstellar Romania, working with Atrium Chief Transaction Counsel Marc Lavine, on all local matters related to the transaction.
The European Commission has just published its comprehensive proposal for the so-called "New Deal for Consumers", which aims to strengthen EU consumer rights and enforcement. This includes the proposal for a new Directive enabling certain qualified entities to seek redress on behalf of consumers who have been harmed by an unlawful commercial practice.
Although May 25, 2018 - the date of effective enforcement of Regulation no. 679 on the protection of individuals with regard to the processing of personal data and on the free movement of such data and repealing Directive 95/46/EC (hereinafter "the Regulation" or "GDPR") - is approaching very fast, the question "Are you ready for GDPR?" still creates confusion, in certain circumstances, regarding the new regulation on the protection of personal data brought by GDPR and its applicability.
Slaughter and May has advised Vodafone on its acquisition of Liberty Global's operations in Germany, the Czech Republic, Hungary, and Romania. Vodafone was advised by Lakatos, Koves and Partners on Hungarian legal aspects of the acquisition. Liberty Global was represented by Freshfields, with US support from Ropes & Gray.
Nestor Nestor Diculescu Kingston Petersen has represented Azomures, a Romanian fertilizer producer, in a commercial dispute against a private railway company Grup Feroviar Roman. The dispute involved damages in the amount of EUR 15 million and lost profits pursuant to a framework transportation agreement.
The genesis of the Single Statement Form 212 was tumultuous. Its appearance was not the result of an organic, natural process of simplifying the process of determining taxes and duties, of declaring and collecting them, but rather one of compromise solutions to end the many hesitations and tax measures hard to understand even by professionals.
Suciu Popa successfully represented Monsson Trading, part of Monsson Group, an international renewable energy player, in significant enforcement proceedings and a real estate mortgage against the ING Bank. The enforcement proceedings were based on a credit facility contract for sale purchase of electricity.