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.
Ijdelea Mihailescu has provided legal assistance to Black Sea Oil & Gas in relation to the Engineering, Procurement, Construction, Installation & Commissioning Contract for all offshore and onshore facilities and Development Drilling Contract with GSP Offshore for the Midia Gas Development Project, offshore Romania.
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.
Suciu Popa & Associates has advised Black Sea Oil & Gas S.R.L. and its co-venture partners Petro Ventures Resources S.R.L and Gas Plus International B.V. on signing a Gas Sales Agreement with ENGIE subsidiary Engie Energy Management Romania S.R.L. for natural gas supply from the Midia Gas Development Project.
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.