Ijdelea Mihailescu has assisted Black Sea Oil & Gas throughout the performance of the open season capacity booking process and its entrance into a gas transmission contract with SNTGN Transgaz necessary for the Midia Gas Development Project, a project aimed at putting the natural gas of XV Midia Block, offshore Black Sea, into production.

Former NNDKP Managing Associate Lucian Vitelaru has joined Radu si Asociatii — the Romanian member of EY Law — as Senior Managing Associate and Head of Real Estate.

Tuca Zbarcea & Associates has advised a syndicate of banks consisting of Banca Comerciala Romana, Raiffeisen Bank, BRD Groupe Societe Generale and Banca Transilvania on a syndicated credit facility for MedLife.

NNDKP has successfully represented the Baylor Marea Neagra Foundation in a dispute against the Romanian fiscal authorities, and as a result the foundation may continue to donate medicines necessary for treating severe health conditions.

At a global scale, trends in the financial sector are undoubtedly oriented towards digitalization. By employing new technologies, financial institutions are striving to meet clients’ surging demand for contracting financial services via digital channels. In other words, the spotlight is turning from branch-proximity to digital-technology, as the use of paper-based documentation and the need for clients to be present in person when contracting financial services are shrinking.

Debate is raging about the Romanian "offshore" law setting out the legal framework for oil & gas exploration and production in the Black Sea offshore perimeters (the "Offshore Law" or the "Law"), fuelling political turmoil and deterring investment. After a failed attempt to pass the Offshore Law in summer, there are signs of much needed stability.

The Romanian Parliament recently passed a piece of legislation in view of transposing Directive 2016/680 on the protection of physical persons with regard to the processing of their personal data by competent authorities for the purposes of the prevention, investigation, detection or prosecution of criminal offences or the execution of criminal penalties, and on the free movement of such data (“Directive 2016/680”). The legislation is currently pending entry into force.

In The Corner Office we ask Managing Partners across Central and Eastern Europe about their unique roles and responsibilities. The question this time around: Who was your mentor, and what was the most important lesson you learned from him or her?

Berechet Rusu Hirit has successfully represented the Monsson Group, a green energy producer and owner of two wind farms in Constanta, Romania, in front of the the country's High Court of Cassation and Justice in a tax dispute.

Reff & Associates, the Romanian member of Deloitte Legal, has advised Patria Bank on the sale of a portfolio of non-performing loan receivables with a nominal value of approximately RON 245 million to InvestCapital LTD, a part of the KRUK Group.

Suciu Popa & Associates has represented KMG International in connection with the structuring and creation of the new Kazakh-Romanian Investment Fund.

To enable decisions to be passed efficiently, the Companies Law (31/1990) created flexible mechanisms and procedures allowing specific shareholder powers to be delegated to a company's management. Such mechanisms have been successfully implemented by a vast number of companies and have enabled them to expedite corporate changes concerning their main characteristics (eg, corporate seat, scope of business and share capital).

McGregor & Partners has helped Fauna & Flora International acquire 115 hectares of land in Transylvania to provide a key corridor for large carnivores as part of the EU’s Life Connect Carpathians project.

RTPR Allen & Overy has advised Arobs Transilvania on the acquisition of SAS Grup, the company that owns alarma.ro. Solo Practitioner Gabriela Stanescu advised the SAS Grup on the deal, which was signed in August of this year and closed in October.

CMS and Karatzas & Partners have advised ALPLA, a global provider of plastic packaging, on the acquisition of Argo S.A. Binder Groesswang in Austria and Kyriakides Georgopoulos in Greece advised the the sellers on the deal. The transaction closed on October 1, 2018, after obtaining regulatory and competition approvals. Financial terms of the transaction were not disclosed.

The internship contract is an alternative tool by which a company provides a student or trainee the opportunity to work in the company to gain theoretical and practical knowledge in a specific field, with a view to possible employment after the internship is complete. The template documents necessary to put into practice the recent rules introduced to Romanian legislation in August 2018, have been approved and can now be used by companies active in Romania.

Emergency Ordinance no. 88 / 02.10.2018 on amending and supplementing certain normative acts in the field of insolvency and other acts, published in the Official Gazette of Romania, Part I, no. 840, starts with a number of reasons, circumstances and situations that the Romanian Government invokes to justify their action.

Popovici Nitu Stoica & Asociatii has advised WDP, a Belgian developer and owner of logistics and warehousing, on the acquisition of two logistics parks in Romania: Dunca Logistics Centre from Dunca Imobiliare and CTPark Cluj I from CTP Group. Dunca Imobiliare was represented by Moroianu & Associates, while the CTP Group was advised by Romania's The Law Chamber.