Energy is the major topic in Romania, with updated regulations on energy trading and offshore gas production already being in place, and the business sector hoping for a legal framework on hydrogen projects, according to Ijdelea & Associates Managing Partner Oana Ijdelea.

Recently, the Bucharest Tribunal cancelled the general zoning plan (PUG) of Bucharest. This may have severe implications on new developments in Bucharest.

If one can indirectly deduce some sensitive characteristics about a person from some general categories of personal data that are being made available through publication, that personal data would qualify as special categories of personal data.

DLA Piper has advised 2Ride on its acquisition of Casco. BNT Gilescu Valeanu & Partners and Tiefenbacher reportedly advised the seller.

Former Ionescu & Sava Partner Costin Teodorovici has joined MassMutual Romania as its Chief Legal Officer.

Radu Taracila Padurari Retevoescu has advised Catalyst Romania Fund II on the acquisition of a minority stake in Evolution Prest Systems, which owns the Evomag e-commerce website. DLA Piper advised the seller.

Radu Taracila Padurari Retevoescu and TGS Baltic have advised GreenGroup on its acquisition of Lithuanian recycling company Ecso.

On July 26, 2022, Law no. 265/2022 regarding the Trade Registry and for amending and supplementing certain legal enactments impacting the registration in the Trade Registry has been published in the Official Gazette of Romania (“Law 265/2022”). 

Filip & Company has advised Alesonor Real Estate Development on obtaining a EUR 21 million financing from Banca Transilvania for the development of the Amber Forest project.

Havel & Partners, Savoric & Partners, ODI Law, and Hillbridges have advised a syndicate of banks on the approximately EUR 196 million syndicated cross-border refinancing loan to the CCC Group. Linklaters, Lakatos Koves & Partners, and Filip & Company reportedly advised the lenders as well.

Tuca Zbarcea & Asociatii has advised Speedwell on the EUR 60 million sale of a 75% stake in the Miro office building to Hili Properties. Musat & Asociatii advised the buyer.

The legal framework regarding representative offices of foreign companies in Romania was recently amended with the publication in the Official Gazette of Romania, Part I, no. 779 of 4 August 2022, of Ordinance no. 18/2022 on the authorisation and operation in Romania of representative offices of foreign companies and business entities (“Ordinance”).

Filip & Company has advised Bucharest Stock Exchange-listed One United Properties on its share capital increase.

On August 4, 2022, Ordinance no. 18/2022 on the authorization and functioning of representative offices of foreign companies and economic organizations in Romania (“GO 18/2022”) adopted by the Romanian Government has been published in the Official Gazette.

The two main forms of non-governmental organizations that may be established in Romania are the associations and foundations. While an association may be incorporated by at least three domestic/foreign individuals/entities as founding members, a foundation may be incorporated by at least one domestic/foreign individual/entity as founding member(s). Associations are set up in order to carry out activities for the general interest, for the interest of a community or for the non-profit interests of its members and the law does not impose a minimum initial patrimony.

Radu Taracila Padurari Retevoescu has advised Aqua Carpatica founder Jean Valvis on the strategic agreement between the company and PepsiCo.

Is it legal to photograph^[1] attendees to an event and then use the photos, for example, for marketing purposes?

Entrepreneurship in Romania.