Former Noerr Associate Partner in Romania Anca Mihailescu has left the firm and founded Mihailescu Legal.
Stratulat Albulescu Brings on Sabina Cerbu as Partner and Opens Chisinau Office
Romanian firm Stratulat Albulescu has opened a new office in Chisinau, Republic of Moldova, with Sabina Cerbu joining as a Partner.
Roxana Dudau Joins Wolf Theiss in Romania
Roxana Dudau has joined Wolf Theiss' Bucharest office as Partner and head of Real Estate & Construction practice in Romania and other jurisdictions of the firm.
PeliPartners Advises GTC on Cascade Office Building Sale to Crown Holding
PeliPartners has advised Global Trade Center on the sale of Bucharest's Cascade Office Building to Hungarian Crown Holding Kft.
New Amendments and Procedures Introduced in the Field of Insolvency by Law No 216/2022
Law 216 of 14 July 2022 amends and supplements Law 85/2014 on insolvency prevention and insolvency proceedings and other legislation. The new law transposes the business prevention mechanisms introduced at European level by Directive 2019/1023.
Bancila, Diaconu si Asociatii and Stoica & Asociatii Advise on Sale of Get’s Bet to Emma Capital
EY-associated firm Bancila, Diaconu si Asociatii has advised the founders on the sale of the Get’s Bet Group to Emma Capital. Stoica & Asociatii advised the buyer.
Romania: A Faster Transition to Renewable Energy – The Highest Priority of REPowerEU
REPowerEU is about rapidly reducing the EU’s dependence on Russian fossil fuels by fast-forwarding the clean transition and joining forces to achieve a more resilient energy system and a true Energy Union.
W&I Insurance On The Rise in CEE: An Interview with Gergely Juhasz of RFB Consulting
Last year has been a busy time in terms of warranty & indemnity insurance for the CEE market, according to W&I Insurance Broker and Advisor and former M&A lawyer Gergely Juhasz.
NNDKP Advises Beverage Producers Alliance on Establishing RetuRO as Sole Administrator of Romanian DRS System
Nestor Nestor Diculescu Kingston Petersen has advised the Beverage Producers Alliance in setting up a deposit return system for single-use primary packaging – RetuRO – and on its accreditation as the sole administrator of the Romanian system.
Legal Education Programme for Individuals Fleeing Ukraine in Romania: Fiscal Facilities Granted for Supporting Refugees and NGO Initiatives
Legislation provides for the following types of aid that may be granted to refugees by individuals or legal entities.
Boyanov & Co and Wolf Theiss Advise on Sale of Yara Bulgaria and Yara Digital Romania to Nik Group
Boyanov & Co has advised Yara International on the sale of Bulgarian and Romanian businesses Yara Bulgaria and Yara Digital Romania to the Nik Group. Wolf Theiss advised the buyer.
Wolf Theiss, Clifford Chance and Freshfields Advise on Raiffeisen Bank Romania's Senior Non-Preferred Sustainability Notes Issue
Wolf Theiss, working with Freshfields Bruckhaus Deringer, has advised Raiffeisen Bank S.A. on its issue of RON 500,850,000 Senior Non-Preferred Eligible Sustainability Notes. Clifford Chance advised the joint lead managers.
Reff & Associates and Tuca Zbarcea & Asociatii Advise on Bank of Cyprus NPL Portfolio Sale to APS
Deloitte Legal affiliated firm Reff & Associates has advised Bank of Cyprus on the sale of a portfolio of non-performing loans and repossessed properties in Romania with a face value of EUR 147 million to an entity part of the APS group. Tuca Zbarcea & Asociatii advised the buyer.
Legal Education Programme for Individuals Fleeing Ukraine in Romania: Living in Romania
While notoriously intimidating to navigate, even for locals, real estate usage and ownership is essential for the two most common basic needs and concerns of every person, housing and work. The Romanian real estate system is largely aligned and similar with that existing in most European countries, nonetheless there are certain regulatory or market driven particulars which are of interest when looking for housing, accommodation, as well as for a place of setting up business. The below aims to break down the basics and provide tips & tricks for newcomers so that their experience is as streamlined and positive as possible.
FDI Screening in Romania
This article provides an up-to-date overview of the currently existing FDI regimes in Romania.
Romania at an Energy Crossroads: A Buzz Interview with Oana Ijdelea of Ijdelea & Associates
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.
Developers and Lenders: Check Your Project Permitting Status! Bucharest PUG Cancelled
Recently, the Bucharest Tribunal cancelled the general zoning plan (PUG) of Bucharest. This may have severe implications on new developments in Bucharest.
CJEU Strikes Again, This Time Targeting Special Data
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.