To ensure the implementation and realisation of infrastructure projects, including those financed under the National Recovery and Resilience Plan (NRRP), the Romanian Government adopted the Emergency Ordinance No. 26/2022 on amending and supplementing certain regulatory acts in the field of public investment (GEO 26/2022). GEO 26/2022 entered into force upon its publication with the Official Gazette of Romania on 21 March 2022.

The past months have brought some important decisions from European data protection authorities (“DPA”) with respect to the use of cookies and the transfer of personal data outside the EEA, especially to the USA. This article aims to highlight the context and content of the decisions in question. 

MPR Partners has successfully represented insolvent electricity supplier Getica 95 Com in a dispute with three Auchan Group companies – Auchan Romania S.A., Coresi Business Park S.A., and Ceetrus Romania S.R.L.

Stratulat Albulescu has advised Al start-up Druid on its USD 15 million series A financing round led by Karma Ventures and Hoxton Ventures. Cobalt advised Karma Ventures. Orrick Herrington & Sutcliffe reportedly advised Druid as well. Hoxton was reportedly advised by Mintz, Levin, Cohn, Ferris, Glovsky and Popeo.

DLA Piper has announced that former Counsels Andra Trantea and Paula Corban-Pelin have been promoted to Local Partner with the firm’s Romanian office.

MPR Partners has represented the Bacau Municipality in a dispute with CET SA over the Bacau district heating plant.

Popescu & Asociatii has successfully represented Sometra SA, part of Mytilineos Holdings, in court proceedings concerning the closure of one of the 68 landfills for which Romania has been sanctioned by the European Court of Justice, following several infringement proceedings opened against Romania.

Bondoc si Asociatii has advised the Bucharest Municipality on the private placement and admission to trading of 55,500 bonds with a total issuance nominal value of RON 555 million. The issuance was intermediated by a syndicate of BRD Groupe Societe Generale and Raiffeisen Bank. Dentons advised the banks.

Stratulat Albulescu has advised Element Industrial on the lease of 16,000 square meters of warehouse space in Eli Park 3 to Ferro Romania.

Deloitte Legal's Romanian affiliate Reff & Associates has advised Knauf Insulation on its acquisition of the Gecsat glass mineral wool factory located in Tarnaveni from Gecsat SA shareholders.

Former KPMG Legal Romania Partner and Head of Technology, IP, and Data Privacy Cristiana Fernbach has joined Amber as General Counsel.

Clifford Chance has advised the Green Group on a EUR 127 million financing from a syndicate of banks. Filip & Company advised the lenders. Linklaters reportedly advised the lenders as well.

The Ministry of Finance has recently announced officially the opening of a call for submission of applications under the state aid scheme regulated by Government Decision no. GD 807/2014 for financing assets. The period for submitting financing requests is scheduled between 15.06.2022-26.07.2022, when investors may file the relevant documentation.

Ijdelea & Associates has advised Black Sea Oil & Gas on the engineering, procurement, and construction contract for a 50-megawatt photovoltaic project with an unidentified contractor.

After the recent alignment of Romanian state aid law with applicable European law, the procedure for granting state aid in Romania has also been updated as follows:

Tuca Zbarcea & Asociatii, working with Freshfields Bruckhaus Deringer, has successfully represented the Romanian Rugby Federation before an independent panel appointed by World Rugby in proceedings regarding player eligibility rules for the 2023 Rugby World Cup qualifiers.

CEE Legal Matters spoke with CMS Partners Alexander Rakosi, Horea Popescu, Philipp Mark, and Tetyana Dovgan about the impact the rise of ESG is having on the M&A landscape.

In “The Corner Office” we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. The question this time: Who was your favorite professor in university and why?