Former DLA Piper Counsel Alexandra Radulescu has joined Simion & Baciu as Partner. 

Ijdelea Mihailescu and software company Ringhel Team have been been contracted by the Romanian Energy Regulatory Authority to prepare a study on an energy supplier switch. 

Using the digital environment for work related activities entails risks that are enhanced by the continuous digitisation of the society. Such risks include an increase in the number of cyberattacks that can lead to security breaches, including personal data breaches.

Operators of essential services are required to notify CERT-RO - the national competent authority for security of networks and information systems - for registration in the Register of operators of essential services by 17 December 2020. Otherwise, these companies risk fines of, in some cases; up to 5% of their turnover.

Stratulat Albulescu, working alongside lead counsel Bird & Bird, has advised Motion Equity Partners on its investment in Educastream.

Kinstellar has advised Romania's Mirus Group on the acquisition of Romania's Nexia CRG from shareholders Luminita Ristea, Silvia Elena Ichimescu, and Marioara Zaifu. LC Legalproof advised the sellers on the deal.

Kinstellar has advised S Immo AG on the acquisition of Campus Buildings 6.2 & 6.3 — two class A office buildings in Bucharest — from developer Skanska. Peli Partners advised Skanska on the deal.

A CEELM interview with Radu Boanta, Partner at CEE Attorneys Bucharest.

Kinstellar has advised the Black Sea Fund I on the acquisition of Romanian dental imaging network DigiRay. Cluj-based Pop Attorneys at Law advised the seller on the deal.

Nestor Nestor Diculescu Kingston Petersen has advised Opel Groupe PSA on the sale of its Romanian business to Trust Motors, an independent importer for the Peugeot, Citroen, and DS brands. Trust Motors was advised by Musliu & Asociatii.

Government Emergency Ordinance no. 211/2020 (“GEO no. 211/2020”) was published in the Official Gazette of Romania, Part I, no. 1189 of 7 December 2020.

RTPR has advised 123FormBuilder and its shareholders Catalyst Romania, Florin Cornianu, and Adrian Gheara, on attracting an investment from the 212 venture capital fund. Hategan Attorneys advised 212 on the deal.

Though not more than two years have passed since the Directive on security of network and information systems (“NIS Directive”) had to be transposed by the Member States into their national legislation, the European Commission (the “Commission”) has announced, early this year, its intention to review the NIS Directive. The initiative comes earlier than planned, due to the fact that there is a dire need to “further strengthen overall cybersecurity in the Union”.

Schoenherr has advised Allianz-Tiriac on the acquisition of Gothaer Asigurari Reasigurari from the Gothaer Group. Hogan Lovells advised the Gothaer Group on the transaction.

RTPR has advised the OLX Group on its acquisition of Kiwi Finance from Oresa Ventures. PeliPartners advised the seller on the deal.

On October 30, 2020, the European Commission sent a reasoned opinion regarding Romania’s failure to notify the national measures allowing for the identification of operators, the number of operators of essential services and the thresholds used in the identification process. The notification process is part of the implementation process of the Directive (EU) 2016/1148 concerning measures for a high common level of security of network and information systems across the Union (the “NIS Directive”). NIS Directive was transposed into the Romanian legislation through Law no. 362/2018 for ensuring a high common level of security of networks and information systems (“NIS Law”).

Stratulat Albulescu, working alongside Orrick Herrington & Sutcliffe, has advised GapMinder Venture Partners on a follow-on investment in Romanian start-up Deepstash. 

The second part of the year 2020 was marked by a very intense regulatory activity carried out by the Romanian Energy Regulatory Authority (“ANRE”), aiming to implement in the secondary legislation the provisions of Regulation (EU) 2019/943 of the European Parliament and of the Council of 5 June 2019 on the internal market (the „Internal Market Regulation”) and the corresponding changes underwent earlier this year by the Energy and Gas Law no. 123/2012 (the “Energy Law”).