The Romanian Law on Giving Real Estate Collaterals in Payment to Discharge Debts under Loan Agreements (the “Datio in Solutum Law”) entered into force in May 2016.
Rizoiu & Poenaru, Clifford Chance, and Skadden, Arps, Slate, Meagher & Flom have advised Affidea on its acquisition of the Hiperdia diagnostics centers in Romania. Bondoc & Asociatii and Weil, Gotshal & Manges advised Hiperdia on the transaction, which remains contingent on obtaining regulatory approvals.
It may perhaps be symbolic that I pen this rather reflective article for CEE Legal Matters now, considering that August 2016 marks twenty years to the month since I first stepped off the plane at Otopeni Airport in Bucharest, Romania, to serve as a liaison for the American Bar Association’s Central and Eastern European Legal Initiative (CEELI), having taken a one-year leave of absence from my litigation practice in Los Angeles.
Dentons has advised P3 Logistic Parks on Polish and Romanian aspects of a EUR 1.4 billion pan-European refinancing of its logistics portfolio, with White & Case advising P3 on Czech and Slovakian aspects and Freshfields advising P3 on separate facilities for Western Europe (including Poland). Financing in Poland and Western Europe was provided by Morgan Stanley with Pbb as agent (advised by Allen & Overy), in Romania by Raiffeisen Bank International (advised by CMS), and in the Czech Republic and Slovakia by CSOB, CSOB Slovakia, Komercni Banka, UniCredit Bank, and Ceska Sporitelna (all advised by Clifford Chance).
Milan Lomic is the General Counsel Adria & Balkan at L’Oreal, a company that he joined in October 2012. Prior to that he worked for Metro Cash & Carry as a Legal Advisor and Antitrust Officer. He has also worked as a Legal Advisor at Unicredit Bank Serbia and as an Assistant to the Judge at the Fifth Municipal Court in Belgrade.
Schoenherr is reporting that, on September 30, 2016, Michael Lagler was elected as the new Managing Partner at the firm, where he will take over from Christoph Lindinger, who has led the Central and Eastern European law firm for the past 16 years. Lagler's term will begin at the start of the firm’s next fiscal year, on February 1, 2017.