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In The Corner Office, we invite Senior and Managing Partners at law firms from across the region to share information about their careers, management styles, and strategies. For this issue, we asked them to describe their least favorite part of their jobs. 

"Romania is in a good shape right now,” says Gabriel Zbarcea, Managing Partner at Tuca Zbarcea & Asociatii. "It’s one of the fastest growing countries in the region. Estimated real GDP growth in 2016 was five percent, according to the IMF, which is huge, and it's 4.2% in 2017. The unemployment rate was 5.9% last year, well below the EU average. And we’re a very good market for investors, because of relatively inexpensive labor and a relatively diversified industry.”

Along with the reason provided in art. 509 par. (1) (1) of the Code of Civil Procedure, the reason for the review discussed in this article is perhaps the most common in practice due to multiple interpretative possibilities, but also because it is apparently much more accessible than the other grounds for review, which are more rigid in interpretation. In the majority of cases, however, reviewers are basically trying to resume the fund by invoking a seemingly new document that does not meet the requirements of the law to underpin the review of a judgment. 

At a time when the business community is expecting the implementation norms to render law 233/2016 on public-private partnerships functional, the government comes up with a change in optics and announces amendment and simplification of the law and, eventually, issuance of the norms. The time horizon announced, when both the amended law and the implementation norms should be in force, is October 2017.

Maravela | Asociatii has assisted Standex International Corporation with its first investment on the Romanian market: the acquisition of the Romanian branch of the Piazza Rossa Group. Other firms advising Standex on the transaction, which closed at the beginning of August, included Italy's Sinescu & Nazat, Mondini & Resconi law firm and Lazzari Law Firm.

One of the astringent issues faced by intellectual property rights (IPRs) holders nowadays is enforcing their rights on the Internet, whether in conflicts deriving directly from the act of selling counterfeit products over the Internet or those involving domain name disputes. This latter concern is the focus of this report.

Clifford Chance Badea has advised New Europe Property Investments on its merger with Rockcastle Global Real Estate Company Limited to create NEPI Rockcastle Plc, which one analyst described as "the biggest investor on the commercial property market in Central and Eastern Europe and one of the ten largest companies of its type in Europe in terms of capitalization."

On 4 August 2017, the Government issued the Emergency Ordinance no. 53/2017 (hereinafter “the Ordinance”) which is applicable from 7 August 2017. The Ordinance aggravates the conditions and the consequences of undeclared work.

Romanian Knowledge Partner

MPR Partners | Maravela, Popescu & Roman is an internationally recommended and repeatedly awarded Romanian law firm providing integrated legal, tax advisory and insolvency services in all areas of interest for businesses and public administration. 

MPR Partners | Maravela, Popescu & Roman covers all major Romanian regions as well as the Republic of Moldavia, either directly or through carefully selected and closely coordinated correspondent offices. In addition, the firm has the infrastructure required to coordinate advice in multiple countries through highly reputed international networks of specialists ensuring high end services. 

Firm’s clients (multinational corporations, sound Romanian companies, private investors, public authorities and State companies) recommend MPR Partners | Maravela, Popescu & Roman as “A reliable team providing a high standard of work.” (quote by Chambers and Partners), having consistently endorsed the outstanding quality of services provided, flexible approach, responsiveness as well as the friendly working climate. 

More client feedback and further information on MPR Partners | Maravela, Popescu & Roman can be found at www.mprpartners.com.

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