Bondoc & Asociatii has advised eMAG on its acquisition of 54% of shares in online food delivery platform EuCeMananc in Romania.
DLA Piper has assisted Norwegian aluminum group Norsk Hydro ASA with the divestment of its Romanian extrusion plant, Hydro Extrusion SRL, to Hammerer Aluminium Industries GmbH. The transaction is expected to close by the end of 2019. NNDKP in Romania and Andersen Tax & Legal in Germany reportedly advised Hamerrer Aluminium on the deal.
Wolf Theiss Bucharest has advised Ingka Investments on its August 28, 2019 acquisition of an 80% shareholding in seven companies owning wind power plants with an aggregate installed capacity of 171MW from Vestas Wind Systems A/S, which retains the remaining 20% shareholding. Reff & Associates reportedly advised Vestas on the transaction, which was valued at approximately EUR 136 million and is expected to close by the end of the year.
Things continue apace in Romania, according to Schoenherr Partner Matei Florea. "It’s not slow, let me put it like this,” he says. "It’s the current new normal, with very diverse projects running at very diverse speeds. We’ve had it for a couple of years and it's professionally both challenging and satisfying.”
CEE Attorneys/Boanta, Gidei si Asociatii has advised Austria's Simacek group on the consolidation of the facility management activities of its Romanian entities Simacek Cleaning and Simacek Gardening into one Group company — Simacek Facility Services. Simacek Gardening and Simacek Cleaning retained other, non-facility management-related business activities.
It has been over a year since the European Union’s General Data Protection Regulation became mandatory across Europe, marking a seismic shift in the way that companies collect, process, and handle personal data. Countries across the European Union and beyond have adapted their national laws to meet the requirements of the GDPR – with many introducing local derogations as permitted by the GDPR.
The Republic of Moldova has three and a half million people – two and a half million fewer than when it was part of the Soviet Union. The Soviet bar was strictly a criminal/civil/family bar, with lawyers doing international legal work concentrated mainly in Moscow. With the breakup of the Soviet Union, local bars (such as Moldova’s) were forced to develop legal capabilities from scratch to serve the needs of local businesses and foreign investors.
Simona Marin is an English- and New York-qualified partner in CMS’s International Finance team in Bucharest, where she focuses on project finance, real estate finance and other financing structures, both syndicated and bilateral, secured and unsecured. Simona has over ten years’ experience advising on a broad range of high-profile financings and projects throughout Central and Eastern Europe.