Radu si Asociatii SPRL has advised Visionapartments, a Swiss serviced apartment renting company, on the acquisition of the Majestic Hotel in Bucharest. Tuca Zbarcea & Asociatii advised the unidentified sellers on the deal.

Before the advent of cinematography, fictional characters were portrayed in literature and the traditional visual arts, such as painting and sculpture.

Bondoc si Asociatii has advised Solarealize SA, a Portuguese independent renewables company, on a development/partnership agreement with a Romanian company experienced in solar projects to develop a targeted 43.5 MW initial project.

Roxana Abrasu has been promoted to Partner and taken charge of the Employment and Labor Law practice at Nestor Nestor Diculescu Kingston Petersen in Bucharest.

The Bucharest office of Kinstellar has advised VGP on its acquisition of a 250,000 square meter plot of land from Willbrook. Cozmaciuc, Puiu & Asociatii reportedly advised the seller.

Former Schoenherr Managing Tax Director Theodor Artenie has joined Noerr’s Bucharest office as Head of Tax.

The beginning of 2021 seems to be under the auspices of numerous amendments incurred to the Law no. 227/2015 regarding the fiscal code (the “Fiscal Code”).

Emergency Government Ordinance (EGO) no. 13 dated 24 February 2021, which amends Law 227/2015 regarding the Fiscal Code and Accounting Law no. 82/1991, was published in the Romanian Official Gazette, issue no. 0197 dated 26 February 2021.

Glodeanu & Partners, working with the Nivaro Law Firm, has advised Impero Software on the acquisition of Danish-based Netop, which has a strong presence in Romania through two of its subsidiaries, from Consolidated Holdings A/S.

Mitroi, Damian, Serbu & Associates and Ireland's Crowley Millar Solicitors have successfully represented Romanian airline Just-Us Air in arbitration with Air Moldova, the largest Moldovan airline.

NNDKP has advised Clinica Victoria on the establishment of a partnership with EquiLiant Capital, an investment fund financed by Paval Holding. PIM & Associates advised EquiLiant on the deal.

The Bucharest office of Kinstellar has helped Ontario Power Generation, acting through its Canadian Nuclear Partners subsidiary, to enter into a EUR 3.156 million contract to refurbish Reactor 1 of the Cernavoda nuclear power plant from Romania’s S.N. Nuclearelectrica S.A.

Schoenherr has advised Elevator Ventures, the corporate venture capital entity of Raiffeisen Bank International, on leading a seed round investment in Romanian fintech start-up Finqware.

Firon Bar-Nir has helped the Private School Association and a group of parents with a class action law suit against Romania’s Ministry of Health, Ministry of Education and Research, and several other governmental bodies aimed at having in-person teaching in Romanian schools resumed.

After simplifying the procedure for VAT registration in 2020 (i.e. risk analysis by the taxpayer after VAT registration instead of on the submission date of application for VAT registration), the Romanian tax authorities approved another simplification of the VAT registration procedure at the beginning of this week.

Bondoc si Asociatii has advised Ireland's Tapbury (Management) Limited on the acquisition of a Romanian company that is developing a wind farm project with approximately 60 MW installed capacity on around 150 hectares of land in Dobrogea region. 

The phenomenon of tax evasion is present all around the globe regardless of whether we look at “civilized” or developing countries, being one of the most widespread and notorious form of financial crimes, responsible for a significant part of the shadow economy.

Back in July 2020, the Romanian Companies Law was amended to allow entrepreneurs to hold the position of sole shareholder in more than one Romanian limited liability company.