Under Law no. 307/2006 on fire prevention, the managing directors of economic operators that meet certain statutory criteria are required to set up and operate a private emergency service or commission a voluntary or private emergency firefighting service.
Romania: Incentives to Increase Equity
After approving Emergency Ordinance no. 153/2020 (the “EO”) “establishing incentives for companies to increase their equity” on August 14, 2020, the Romanian Government published it on 4 September 2020.
Glodeanu & Partners Advises Blue Rock Investments on Real Estate Acquisition in Bucharest
Glodeanu & Partners has advised Blue Rock Investments on the acquisition of two logistic centers in Bucharest from unspecified sellers.
PNSA and NNDKP Advise on WDP's Acquisition of Romanian Logistics Parks
Popovici Nitu Stoica & Asociatii has advised WDP, a Belgian developer and owner of logistics centers and warehousing, on the acquisition of the Aquila Logistics Centre in Cluj from SNS Logistic Investment, the Craiova Logistics Centre in Dolj from Tamo-Ko Development SRL, and the Dunca Logistics Centre in Timis from Dunca Imobiliare. NNDKP advised SNS Logistic investment and Schwartz & Asociatii reportedly advised Tamo-Ko Development on those two deals.
PNSA and Schoenherr Advise on Extension of Auchan Retail Romania's Partnership with OMV Petrom
Popovici Nitu Stoica and Asociatii has advised Auchan Retail Romania on its agreement with OMV Petrom to place 400 MyAuchan stores in the entire Petrom network over the next five years.
The Romanian Draft Law on the Authorisation of 5G Technology Manufacturers and its Effects on Competition: A Challenge for Mobile Operators and Competition Regulators
A draft law on measures relating to information and communication infrastructures of national interest and the conditions for the implementation of 5G networks (the “Draft Law”) was launched on August 4, 2020 for public consultation by the Ministry of Transportation, Infrastructure and Communications and slightly revised on September 2, 2020.
Domokos Partners Opens for Business in Romania
Former Schoenherr Attorneys Emeric Domokos, Andreea Neagu, Artur Tintari, and Oana Sarbu have left that firm to open Domokos Partners, a new law firm in Romania.
NGL Symbio Law Firm Alliance Prepares for Operational Launch in CEE
The NGL Symbio law firm alliance has announced its creation in five countries of CEE, and its plans to be fully operational by January 1, 2021.
Perry Zizzi to Lead M&A Practice at Dentons Bucharest
Dentons Bucharest Managing Partner Perry Zizzi has been appointed Head of M&A in Romania.
NNDKP Advises on Sale of Majority Stake in Medima Health to Morphosis Capital
NNDKP has advised shareholders Gheorghe Iana and Vlad Ardeleanu on the sale of a majority stake in Medima Health to Morphosis Capital. Schoenherr’s Bucharest office reportedly advised Morphosis Capital on the deal.
Romania: Public Procurement and Self-cleaning of Cartel Members
In Romania, companies that commit severe professional misconduct are excluded from participation in public procurement procedures. Yet, these companies have received some good news recently thanks to a common opinion issued by the Romanian National Agency for Public Procurement ("ANAP") and the national Competition Council (the "Common Opinion"). In this article we analyse the clarifications introduced by the Common Opinion on how self-cleaning can be achieved by blacklisted companies.
New Steps Towards Environmental Protection – Transforming Household Waste into Fertilizer
It is already notorious that upon accession to the European Union (”EU”), Romania has assumed a series of responsibilities, constantly evolving, in the spirit of the Community objectives. Among them, the one which lately has the strongest impact is represented by environmental protection and fight against global warming. Thus, a step in this direction was taken by Romania on August 20, 2020, when in the Official Gazette was published Law no. 181/2020 on the management of compostable non – hazardous waste (“Law 181/2020”), which will enter into force on February 20, 2021.
Dentons Advises TC Capital on Acquisition of Grain and Oilseed Farm in Romania
Dentons has advised TC Capital on its EUR 20 million acquisition of a grain and oilseed farm located in the Romanian town of Buzias from France's Gespie SAS.
Leroy and Associates Advises Groupe Rocher on Acquisition of Sabon
Leroy and Associates has advised Groupe Rocher on its acquisition of Romania's Sabon cosmetics and toiletries retailer, and with subsequent merger control procedures before the Romanian Competition Council.
Mares & Mares Becomes Exclusive Member of Global Criminal Law Counsel Network in Romania
Mares & Mares has become the exclusive Romanian member of the Global Criminal Law Counsel network.
Kinstellar Advises on Acquisition of Floreasca Park Office Complex in Bucharest
Kinstellar has advised a joint venture of Resolution Property and Zeus Capital Management on its acquisition of the Floreasca Park office complex in Bucharest from GLL Real Estate Partners.
Reff & Associates Advises Haier Tech on EUR 53 Million Construction Project
Reff & Associates have advised Romania's Haier Tech on a refrigeration factory construction project in Prahova county, Romania.
CMS, Reff & Associates, and Herbert Smith Freehills Advise on AFI Europe's Successful Acquisition of Romanian Office Projects from NEPI Rockcastle
CMS has advised AFI Europe, a property investment and development group in Romania, on its share acquisition of six companies owning four Class A office projects in Romania from NEPI Rockcastle. Herbert Smith Freehills and Reff & Associates – the Romanian member firm of Deloitte Legal – advised NEPI.