For several years, ESG (Environmental, Social, Governance) standards have increased globally, the EU being a pioneer in the field through the adoption of a significant number of directives and regulations subsequently implemented at Member States’ national level in relation to these three most dynamic letters in today’s business world.

Schoenherr has successfully represented Societatea Energetica Electrica in a long-term contentious administrative case with a stake worth EUR 46 million against Romania's state and public resource management auditor.

CMS has advised Greece's Public Power Corporation on a cooperation framework agreement for the development and construction of almost 90 solar projects of up to 2,000 megawatts in Romania, Italy, Bulgaria, and Croatia. The deal is valued at up to EUR 2 billion and is expected to be implemented over the next three years.

Filip & Company has advised the significant shareholders of One United Properties on their sale of 234.2 million company shares to local and international institutional investors.

Clifford Chance Badea has advised the PIB Group on its acquisition of the Stein Bestasig Insurance Broker in Romania.

Stratulat Albulescu Partner Adriana Dobre has been appointed the firm's new Head of Dispute Resolution.

Bucharest's Sirbu & Vornicu Law have advised Enel Green Power Espana on the successful implementation of a FAC-1 framework alliance contract with all the contractors involved in the realization of the Campillo Wind Cluster in Cuenca province, Spain.

Filip & Company has advised the Digi Spain Telecom group on its sale of an FTTH network to Sota Investments Spain – controlled by a consortium formed by Macquarie Capital, Abrdn, and Arjun Infrastructure Partners – in an up to EUR 750 million transaction. Allen & Overy Spain reportedly advised Sota Investments.

Stratulat Albulescu has advised the founders of Romanian automated cybersecurity solutions provider Coda Intelligence on the sale of the company to PDQ. Kirkland & Ellis reportedly advised PDQ.

The back-and-forth on the statute of limitations between Romania’s Constitutional Court and the CJEU, with the country’s judiciary stuck in the middle, is at the top of the agenda for Popescu & Asociatii Partner Adrian Chirvase.

Stratulat Albulescu has advised the GapMinder Venture Partners Fund II on investing in Genezio in a USD 2 million round that included Underline Ventures and other angel investors.

The main breaches of the Regulation (EU) No. 679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC (hereinafter the “GDPR” or the “Regulation”) committed by the Romanian data controllers (the “Controllers”) investigated and sanctioned by the National Supervisory Authority for Personal Data Processing (the “Supervisory Authority”) in 2023 may be summarized as follows:

While rendering day-to-day corporate advice to various clients, we have noticed lately a trend specific to limited liability companies, which involves allowing the directors of the respective companies to delegate all their powers to another individual for certain operations, either via the Articles of Incorporation or by resolution of shareholders.

On April 4, 2024, Clifford Chance announced that the formation of Arcelik's new standalone home appliance business JV with Whirlpool (reported by CEE Legal Matters on January 24, 2023) had been completed, resulting in the formation of Beko Europe.

Eversheds Sutherland has represented Brink's Cash Solutions before the Court of Justice of the European Union in a request for a preliminary decision addressed to the court by Bucharest's Court of Appeal in a collective dismissal procedure case.

Dentons has advised CTP on a EUR 200 million financing obtained from Alpha Bank, ING, and BRD Groupe Societe Generale for the development of a Romanian logistics park.

RoPower Nuclear In-House Counsel Andrei Nicolae has been appointed as the General Counsel of the company.

Former CEE Attorneys Managing Associate Madalina Ivan has recently announced the launch of her new law firm in Bucharest: Madalina Ivan Business Attorneys at Law.