Leaua Damcali Deaconu Paunescu, working with Geneva-based Lalive, has successfully represented Romania in an ICSID arbitration case against gold mine operator Gabriel Resources, whose claims amounted to approximately USD 6.7 billion.
Popovici Nitu Stoica & Asociatii Successful for Simona Halep Before Court of Arbitration for Sport
Popovici Nitu Stoica & Asociatii has successfully assisted former WTA world number one tennis player Simona Halep before the Court of Arbitration for Sport in a matter regarding her suspension for alleged violations of anti-doping rules.
Stratulat Albulescu Advises ESP Solutions on Autransa Group Acquisition
Stratulat Albulescu has advised Spanish logistics operator ESP Solutions on its acquisition of the Autransa Group.
NNDKP and Tuca Zbarcea & Asociatii Advise on EUR 101.5 Million Financing for RodBun Group
Nestor Nestor Diculescu Kingston Petersen has advised a syndicate of banks on providing a EUR 101.5 million loan facility to the RodBun Group, by refinancing and increasing its existing facilities by EUR 37.14 million. Tuca Zbarcea & Asociatii advised the RodBun Group.
Stratulat Albulescu Advises American Industrial Partners on Acquisition of Veoneer Restraint Control Business
Stratulat Albulescu has advised the American Industrial Partners Capital Fund VII on its acquisition of Veoneer's Restraint Control Systems business.
Changes for Renewable Energy Projects Brought About by the Urbanism Code
Following almost four years of consultations and debates, on March 29, 2023, Romania’s Government has submitted for the adoption of the Senate the draft law on the Code of Land Planning, Urbanism and Construction (the “Urbanism Code”).
The Digitalization of Building Permitting Process in the Upcoming Urban Planning Code and the Challenges in Implementation
The Urban Planning, Urbanism, and Construction Code (“Urban Planning Code”) is a complex law project that aims to consolidate, reform, and standardize legislation in the construction sector. The Urban Planning Code draft bill is currently under parliamentary debate. Among the proposed reforms are the digitalization and simplification of the building permitting process.
New Rules for the Deduction of Intra-Group Expenses Incurred by Non-Resident Related Entities – Proposed Amendments
The recent practice in the field has shown that the expenses with intragroup services are currently one of the main topics addressed during tax audits and, at the same time, one of the main topics generating tax controversies.
New Rules for the Insurance Market in Romania
On 16 January 2024, the Law No. 17/2024 amending and supplementing Law No. 237/2015 on the authorisation and supervision of insurance and reinsurance activities, as well as amending and supplementing certain regulatory acts was published in Official Gazette Of Romania No. 36., aiming to strengthen the protection of both policyholders and beneficiaries by ensuring the stability of the insurance market and a greater degree of predictability in the development of each individual company and the insurance market as a whole.
Dentons Advises Syntaxis Capital on Exit from XP
Dentons has advised Syntaxis Capital on its exit from the XP oil and gas company. Leroy si Asociatii reportedly advised XP.
PNSA Successful for Azomures Before High Court of Cassation and Justice
Popovici Nitu Stoica & Asociatii has successfully represented Azomures before Romania's High Court of Cassation and Justice in a dispute hinging on intra-group tax relations.
RTPR and Filip & Company Advise on Arobs' Acquisition of Infobest
Radu Taracila Padurari Retevoescu has advised Arobs Transilvania Software on the acquisition of Infobest Romania from founders Yvonne Abstoss-Becker and Christian Becker. Filip & Company, working with PPR & Partner Pape Rauh, advised the sellers.
Clifford Chance and Filip & Company Advise on Romania's Issuance of Green and Conventional Bonds Totaling EUR 4 Billion
Clifford Chance has advised the arranging banks – Citi, Erste, HSBC, JP Morgan, and Societe Generale – on Romania's first issuance of green bonds, to the tune of EUR 2 billion, and simultaneous EUR 2 billion issuance of conventional bonds. Filip & Company, working with Linklaters, advised Romania's Ministry of Finance.
Significant Changes Envisaged to Grid Connection for New Power-Generation Capacities in Romania
The Romanian Energy Regulatory Authority (“ANRE”) has announced important amendments to the rules for connecting new power-generation capacities to the public network.
Romanian PPP Legislative Saga….Are We There Yet?
A new piece of the complex puzzle of public private partnerships in Romania came recently into the form of a new law, namely Law no. 7/2024 for the approval of Government Emergency Ordinance no.39/2018 on PPP (“Law 7/2024”), which brings significant amendments to the PPP regime. Also, in order to further support the recourse to the PPP tool, the Public Investment Management Unit within the Ministry of Finance commissioned a technical assistance project with DG Reform following which a comprehensive package of guides were published on 9 February 2024 on the website of the Ministry of Finance, with the aim to facilitate the understanding by the public sector of this tool, in order to increase its use in practice.
Teodorescu Partners and ZRVP Advise on Autonom Protect Acquisition of Nova Ria24
Teodorescu Partners has advised Autonom Protect on its acquisition of a majority stake in Romania's Nova Ria24 from Nicoleta Zamfir. Zamfirescu Racoti Vasile & Partners advised the seller.
Carolina Baloleanu Joins Nyerges & Partners To Strengthen Banking & Finance and M&A
Former Eversheds Sutherland Partner Carolina Baloleanu has joined Nyerges & Partners in Bucharest as a Counsel to advise on banking/finance and M&A matters.
DLA Piper and Rizoiu & Poenaru Advise on Affidea Acquisition of Three Explora Clinics in Romania
DLA Piper and Rizoiu & Poenaru have advised Affidea Romania on its acquisition of the local network of three Explora clinics in Suceava.