PeliPartners has advised Saint-Gobain in acquiring the Romanian Duraziv Group. Popovici Nitu Stoica & Asociatii advised the seller.

Four regulatory acts of interest to both employers and employees, were published in the Official Gazette.

CMS has advised Alpla on forming a EUR 7.5 million joint venture together with Romania's Ecohelp and Switzerland's United Polymer Trading. Reportedly, Cabinet Costea advised Ecohelp and Furer Partner Advocaten advised UPT.

Alexandra Mihaela Sinc, former Chief Prosecutor of the Bucharest Prosecutor’s Office, has joined Mares & Mares as Of Counsel.

Several measures related to the Labour Code and other employment legislation have been adopted by the Romanian Government and have immediate effect on employment relationships.

Leroy si Asociatii has advised EMI and its founder Jerome France on the EUR 15 million sale of a 51% stake in the company to Morphosis Capital Fund I. Radu Taracila Padurari Retevoescu advised Morphosis and its investors on the deal.

CEE Attorneys/Boanta, Gidei si Asociatii has advised Olympian Parks in the sale of 153,000 square meters of logistics and industrial spaces to CTP. The Law Chamber advised CTP on the deal.

In the context that more and more people and companies are investing in cryptocurrencies and given the fact that non-cash payments are becoming the new standard in business transactions, the national legislator has intervened in order to offer a larger protection to these types of transactions, the legislative amendments being necessary in order to cover the full spectrum of electronic criminality.

Bondoc & Asociatii has advised on Romanian legal aspects of Faurecia’s acquisition of a majority stake in Hella. White & Case and Dentons also advised the buyer and Freshfields advised the target. Hengeler Mueller and Bredin Prat advised former Hella shareholders Hueck and Roepke. Additionally, Hogan Lovells advised Bankhaus Lampe, Herbert Smith assisted Natixis and Societe Generale, and Gleiss Lutz advised Perella Weinberg. On the group of bidders, Clifford Chance advised Mahle and Allen & Overy and Linklaters reportedly advised Knorr Bremse and Plastic Omnium, respectively.

Following intensive negotiations between the business community and the Romanian government, the Romanian parliament has issued a bill on the enforcement of a tax amnesty for tax liabilities, including late payment interest and penalties, imposed by the tax authorities following the reassessment of daily allowances as salary income.

The pandemic context and its economic implications prompted in 2020 and 2021 several legislative measures to alleviate fiscal burden both through tax facilities, such as amnesties or regulation of new cases and conditions for debt rescheduling, and through amendments concerning deductibility for tax purposes. This type of measures fall under the scope of the newly enacted Government ordinances nos. 8 and 11, published on August 31, 2021 in the Romanian Official Gazette.

Directly negotiated power purchase agreements with physical delivery (“PPAs”) have been a sensitive topic in Romania since 2012, when they were prohibited under the new energy law no. 123/2012 (the “Energy Law”) and continue to be a hot topic today, even though (long term) PPAs negotiated over the counter are expressly allowed under art. 3 (o) of Regulation (EU) 2019/943 (“Internal Market Regulation”), as they fall under the concept of “long term supply agreements”. This is mainly because Romania has stumbled over the last 2 years in reintroducing the directly negotiated PPAs back into the domestic legislation, in line with EU rules and EU market practice.

BPV Grigorescu Stefanica has advised Re.Flex founders Camil Moldoveanu and Andrei Kluger on their financing round led by German venture capital investor Anyon Holding with the participation of Walter Michael Leuthe.

Dentons has advised SPI International shareholders Loni Farhi and Berk Uziyel on the sale of a 70% stake in the company to Canal+. Rymarz Zdort advised the buyer.

Bondoc & Asociatii, working alongside Scottish firm Dickson Minto, has advised A&M Capital Europe on its acquisition of Pet Network International from the Rohatyn Group.

Competition boutique firm 360Competition has announced the addition of Andrei Georgescu as a Partner. 

CMS and Sorainen have advised the Greco Group on its acquisition of MAI CEE Insurance Brokers.

Being the country with the highest growth rates in the EU, Romania is going strong despite the global pandemic conditions, according to MPR Partners Co-Founder and Co-Managing Partner Alina Popescu.