Radu Taracila Padurari Retevoescu has advised Meridiam on its acquisition of a shareholding stake in Netcity Telecom from E-Infra. Tuca Zbarcea & Asociatii advised the seller.

Norton Rose Fulbright, Krehic & Partners, and Magnusson have advised Inter Cars on the extension, increase, and reorganization of senior facilities in the aggregate amount of PLN 1.84 billion. Clifford Chance advised the financing consortium.

Tuca Zbarcea & Asociatii has announced six new partners in its most recent promotion round. As of January 1, 2022, the firm’s new Partners are Mihai Anghel, Oana Gavril, Catalina Mihailescu, Andreea Oprisan, Alexandra Peres, and Alina Ungureanu.

BPV Grigorescu Stefanica has advised Austrian-based property group Supernova on the acquisition of six Romanian shopping centers from Cora. Act Legal Botezatu Estrade Partners advised Cora’s parent companies, the Louis Delhaize and Galimmo groups. Dentons reportedly advised the banks financing the transaction.

Tuca Zbarcea & Asociatii has advised Banca Transilvania on a EUR 49.5 million syndicated loan to the African Industries Group financing the acquisition of Thames Farming Enterprises. Dentons advised AIG on financing and the English law-governed acquisition, with Deloitte Legal's Reff & Associates also reportedly advising on the transaction.

RTPR has advised Grup Serban Holding on the private placement of shares and preparation for the admission to trading on the AeRO market of the Bucharest Stock Exchange.

The Romanian market has been a “very hot one,” in recent months, and the year in general, according to Filip & Company Partner Alexandru Birsan, with entrepreneurs benefiting from easy access to funds.

Contributed by Bancila, Diaconu si Asociatii.

PeliPartners has advised the Mega Company on a EUR 20.6 million loan from Alpha Bank for the financing of the Mega Distribution Center logistics park in Romania.

Employers must ensure that the period during which an employee attends vocational training required by the employer is regarded as working time. Although the period allocated to such training does not meet all the conditions under European labour law for "working time", a recent decision of the Court of Justice of the European Union ("CJEU") provides a number of important clarifications in this respect. It is advisable for employers to pay attention to the developments introduced by this decision, which is expected to bring about a change in the practice of national courts.

Tuca Zbarcea & Asociatii has advised Romanian company Electrica on its EUR 4.2 million acquisition of Foton Power Energy from Monsson. Berechet Rusu Hirit advised the seller.

Stratulat Albulescu has advised Catalyst Romania Fund II on leading a EUR 1.7 million financing round for Code of Talent. Albusel reportedly advised Code of Talent on the deal.

NNDKP has advised Safety Broker on the sale of 80% of the company’s shares to the Polish group Unilink.

Stratulat Albulescu has advised Global Resolution Experts on the sale of a majority stake to Bittnet Systems. Pop & Partners reportedly advised Bittnet Systems on the deal.

Tuca Zbarcea & Asociatii has advised BMC Truck&Bus on EUR 60 million tender procedures regarding the supply of 151 electric buses for public transport in 11 municipalities in Romania.

CMS has advised Libra Internet Bank on a EUR 40 million bond issuance.

Bondoc si Asociatii, working with White & Case, has successfully represented Oltchim, acting through insolvency trustees BDO Business Restructuring and Rominsolv, before the General Court of the European Union.

Starting with December 10, 2021, the customs activity currently under the auspices of the National Tax Administration Agency (“ANAF”) will be developed by the Romanian Customs Authority, founded by way of Law no. 268 of November 10, 2021, on the establishment of the Romanian Customs Authority and for the amendment of certain normative acts (“Law no. 268/2021”).