Clifford Chance Badea has advised Germany's REWE/DerTour group on its acquisition of the travel agency arm of Eurolines Romania.
The implementation of the EU’s fourth money laundering directive (2015/849/EU, or MLD4) is a subject of significant interest in Romania, as the process of adopting a new Money Laundering Bill (MLB) in line with the provisions of the MLD4 to replace the current Money Laundering Act is in full progress.
Due to multiple murky provisions in the applicable legislation, the privatization process in Romania has triggered a number of legal battles, varying from the rescission of share sale purchase agreements concluded between the Romanian state (acting through various entities) and investors for the investors’ failure to comply with investment obligations to the recognition or protection of certain rights arising from the privatization itself.
Popovici Nitu Stoica & Asociatii has advised Ameropa on a EUR 324 million multivalued revolving credit facility. The lenders, a banking syndicate consisting of Banca Comerciala Romana and Raiffeisen Bank as principal initiators, bookrunners, and structuring banks, the Bucharest Branch of ING Bank NV and UniCredit Bank SA as mandated lead arrangers and lenders, and BCR as facility, guarantee, and documentation agent. The banks were advised by Nestor Nestor Diculescu Kingston Petersen.
Filip & Company has advised LafargeHolcim on its acquisition of the Somaco Group from Oresa Ventures in Romania. Popovici Nitu Stoica & Asociatii advised Oresa on the sale, which remains subject to regulatory approvals and competition clearance in Romania and is expected to close in the fall of 2019.
Boyanov & Co in Bulgaria, NNDKP in Romania, and the Polenak Law Firm in North Macedonia have advised Norway's LINK Mobility Group on its June 29, 2019 acquisition of all five of Allterco's telecommunications subsidiaries in Bulgaria, Romania, and North Macedonia. Bulgaria's Forlexa law firm reportedly advised Allterco on the deal.