Law 88/2023, which was published in Official Gazette no. 310 from 12/04/2023, contains important amendments to the Romanian Fiscal Code.

Last week the European Union took a major step towards regulating the fast-growing cryptocurrency market with the final approval of the Regulation on Markets in Crypto-Assets (“MiCA”). The new regulation was approved by the European Parliament on 20 April 2023, and is now subject to formal endorsement by the European Council and publication in the Official Journal of the European Union.

Despite the challenging global landscape, Romania’s banking sector continues to show resilience – with M&A activity in line with the second half of 2022 – according to Filip & Company Partner Alexandra Manciulea.

A new promotion round saw 62 lawyers become Partners at CMS – spanning 25 cities across the UK, Europe, the Middle East, Africa, and Latin America – including Arno Zimmermann, Hans Lederer, and Klaus Pateter in Vienna, Alicja Zalewska-Orabona in Warsaw, and Mihai Jiganie-Serban in Bucharest.

Musat & Asociatii has advised Adesgo on the sale of its seamless apparel manufacturing, marketing, and distribution business to Tefron Europe.

Many books have been written and just as many films have been made trying to show what the future will look like, but we are much closer to knowing it with the advent of artificial intelligence and, more specifically, generative artificial intelligence. Generative artificial intelligence is a type of artificial intelligence that can generate new content, as opposed to systems that simply analyse or act statically on an existing data set.

Dentons has advised NEPI Rockcastle on a EUR 200 million secured green real estate financing from Erste Group Bank and Raiffeisen Bank. Wolf Theiss reportedly advised the banks.

Nestor Nestor Diculescu Kingston Petersen has successfully represented Hammerer Aluminium Industries Santana in a fiscal dispute related to transfer pricing aspects before the High Court of Cassation and Justice.

In 2022, the Romanian competition authority focused on closing important investigations, recorded the highest number of cleared mergers in recent history and set the legislative framework for new directions of action and analysis.

As Lexpo – The Legal Innovation Event returns in 2023 after a three-year hiatus, showcasing the latest trends in legal innovation in Continental Europe, CEELM spoke with Dentons Europe Director of Innovation and Member of Lexpo's Advisory Board Andrea Miskolczi to gain an insight into the current state of technology and innovation in CEE, and what the event's attendees have to look forward to.

Promulgated in December 2022 more than 3 years after its initiation, the new law on social dialogue, Law no. 367/2022, has the declared aim of facilitating social dialogue and the exercise of certain employee rights.

On March 3, CEE Legal Matters reported that BPV Grigorescu Stefanica has advised Omnia Capital on its acquisition of Dumagas from Bancroft. CEE In-House Matters spoke with Matei Ladea, Chief Evangelist at Omnia, to learn more about the acquisition.

Radu Taracila Padurari Retevoescu and Walless, working with Allen & Overy, have advised the GreenGroup on its acquisition of Zalvaris from Koncernas Consus. PwC Legal advised Consus on the deal.

Nestor Nestor Diculescu Kingston Petersen has advised Holcim Romania on its full acquisition of Stones Business Development.

Vernon David and Filip & Company have advised Moldova's Victoriabank on its acquisition of the Chisinau subsidiary of Banca Comerciala Romana. Schoenherr advised the seller.

Filip & Company has advised both Inform Lykos Romania and entrepreneur Octavian Radu on setting up a joint-venture holding company that took over Pink Post Group’s postal and courier services business and the postal volumes aggregation business operated by the Inform Lykos group.

Nyerges & Partners has advised Eurowind Energy on its second acquisition of a 48-megawatt wind project in South-Eastern Romania.

Did You Know that, according to the Activity Rankings function of the CEELMDirect website, only eleven lawyers in CEE have worked on four or more reported Energy/Natural Resources deals in CEE since March 1, 2022?