The EBRD has participated in the Initial Public Offering organized by Electrica SA, for the issuance of new shares representing 105 per cent of the company’s share capital and floated on the Bucharest Stock Exchange as well as on the London Stock Exchange, via Global Depository Receipts (“GDRs”).
Biris Goran has promoted IP/IT lawyer Ana Maria Andronic to Partner, noting that she "placed the firm as the leading name on the IT market in the last few years and will continue to further develop the IP, IT & Media Practice.” The firm also announced that Senior Associate Stefanita Georgescu has joined its Real Estate Practice team.
Lawyers from RTPR Allen & Overy have counseled the EBRD on its EUR 10 million loan to SC Raja SA Constanta, one of the largest water utilities in Romania. SC Raja SA Constanta — an existing EBRD client that previously received a EUR 33 million loan in 2010 — operates in the counties of Constanta and Ialomita with a growing presence in Calarasi, Dambovita, and Ilfov.
In mid-July it was reported that Partner Perry Zizzi would be leaving Badea Clifford Chance in Bucharest to return to Dentons, where he had worked (under the Salans brand) before leaving 7 years before. On August 4 the news broke that long-time Ukrainian expert Adam Mycyk had joined Dentons as well. Mycyk moved over from Chadbourne & Parke, as that firm winds down its operations in Kiev. We reached out to Zizzi and Mycyk to ask them about their decisions to join Dentons.