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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.

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.

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.

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.

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.

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.

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.

Romanian Knowledge Partner

MPR Partners | Maravela, Popescu & Asociatii is an internationally recommended and repeatedly awarded Romanian law firm providing integrated legal, tax advisory and insolvency services in all areas of interest for businesses and public administration. 

MPR Partners | Maravela, Popescu & Asociatii covers all major Romanian regions as well as the Republic of Moldavia, either directly or through carefully selected and closely coordinated correspondent offices. In addition, the firm has the infrastructure required to coordinate advice in multiple countries through highly reputed international networks of specialists ensuring high end services. 

Firm’s clients (multinational corporations, sound Romanian companies, private investors, public authorities and State companies) recommend MPR Partners | Maravela, Popescu & Asociatii as “A reliable team providing a high standard of work.” (quote by Chambers and Partners), having consistently endorsed the outstanding quality of services provided, flexible approach, responsiveness as well as the friendly working climate. 

More client feedback and further information on MPR Partners | Maravela, Popescu & Asociatii can be found at www.mprpartners.com.

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