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Stratulat Albulescu has advised GapMinder Venture Capital fund on its investment in tech start-up TypingDNA, which provides proprietary AI-based typing biometrics technology as a service, enabling companies to recognize people by the way they type.

In the last two years, tax changes have been more frenetic and more exotic than ever. We could say that we are in the face of a perpetual tax revolution, or rather, we are in the face of a tax revolution on an ongoing basis.

Under the GDPR, every data controller that processes personal data through a data processor must conclude a GDPR-compliant data processing agreement with the processor. Parties may seek to negotiate the allocation of liability and shift it towards the other party. When doing this in Romania, we look at the interplay with the rules of the main forms of liability set out in the law.

RTPR Allen & Overy in Bucharest and Allen & Overy in Bratislava have advised a syndicate of banks in relation to a USD 68 million credit facility granted to Romania's Alro Slatina. Zamfirescu Racoti & Partners advised Alro on the deal. 

Recent practice in the Romanian dispute resolution landscape has shown a rise in (i) litigation involving wrongful decisions concerning unpaid tax, lack of liquidities, and consequent lack of debt settlement, and (ii) cases of fraudulent acts linked to insolvent companies, mostly committed prior to the commencement of the insolvency proceedings.

Gun jumping refers to premature enforcement of a merger before obtaining clearance from the competition authority. While most companies are aware of this interdiction, it can be difficult to balance the scope of the competition standstill obligation during the pre-closing period and the measures taken by the acquiring company to protect the value of a target.

Popovici Nitu Stoica & Asociatii has advised the owners of Net Brinel on the sale of 85% of the share capital to French Group SNEF, which was reportedly advised by Monaco's Gordon Blair law firm.

In the shadow of the highly publicized ordinance on "The tax on banks’ greed" (officially the tax on the assets of banking institutions according to Emergency Ordinance No. 114/2018 regarding the establishment of measures in the field of public investments and fiscal-budgetary measures, on amending an supplementing certain acts and the extension of some deadlines), the end of 2018 brought another surprise for the banking system, partly foreseen but with the hope that it would eventually not happen, or at least not too soon.

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. 

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