2nd Edition: Debt in European Emerging Markets, Bucharest, April 11th 2019
MDM Legal, acting on behalf of taxi request and aggregator mobile app Star Taxi, has persuaded the Bucharest Court of Appeal to suspend a decision of the Bucharest General Council and, in a later rulling, notify and prompt the Court of Justice of the European Union to determine whether that decision conflicts with EU law.
NNDKP has successfully represented the National Museum of Romanian History in the Bucharest Court of Appeals and obtained an irrevocable court decision upholding the NMIR's annulment in full of its previous decision to declare Starh Arhitectura, Constructii si Design SRL the winner of a public procurement procedure.
Dentons has advised Credit Suisse AG and Stratulat Albulescu and White & Case have advised VTB Bank Europe SE on financing for Chimcomplex SA Borzesti's acquisition of several asset bundles from Oltchim SA. Bondoc & Asociatii advised Oltchim on the sale and Reff & Associates, a member of Deloitte Legal, developed the due dilligence report based on which Chimcomplex secured its financing.
I remember one of my first difficult title reviews as a lawyer in an international law firm. It was the year 2002; Romania had many unclear rules, and many state-owned companies and many properties had been confiscated by the state during communism. The review was engaging and provocative; however, after producing the legal review report (and sending it via facsimile to client, since it was before the era of e-mail), the client learned that the fantastically located site had many title issues and little or no easily available remedies.
This seems to be a hot year-end for Romanian infrastructure, with the government recently launching the first public procedure for the award of a strategic infrastructure project under the new Romanian PPP legislation: the construction of the Ploiesti-Brasov motorway. If successful, the project will validate the effectiveness of the new PPP legal framework, while also putting an end to a series of failed attempts to build this motorway under concession or PPP regimes.
Once it is accepted that Regulation 2016/679 on data protection (hereafter referred to as the "Regulation" or "GDPR") is fully applicable not only to the various legal entities (including small companies with a rather reduced level of activity), but also in the case of individuals processing personal data, during their activity, the specific implications of the Regulation on healthcare activities can be raised.
Romania’s Competition Council is one of the country’s most active and demanding regulatory authorities, with hundreds of sector inquiries and investigations conducted in two decades of activity and significant fines being levied against offenders each year. The powers of the RCC have increased in recent years, as a result of efforts to encourage and protect whistleblowers, new developments in forensic procedures, and cross-border cooperation and action. In addition, the European Commission’s March 22, 2017 proposal to empower national competition authorities is expected to increase the RCC’s reach and efficiency.