Bucharest-based lawyers Claudiu Damian and Costin Teodorovici have launched Whistle Up – a platform to support organizations impacted by the whistleblowing legislation in complying with the newly applicable legal framework.
New Remedies for Companies in Financial Distress. Brief Considerations on the Restructuring Agreement
In Romania, even the most optimistic estimates show that only a handful of companies (less than 10%) manage to reorganize through insolvency, as previously regulated by Law 85/2006 and then by Law 84/2014 on insolvency prevention and insolvency proceedings (“Law 85/2014”).
Bondoc si Asociatii Advises RetuRO on a Deposit-Return System in Romania
Bondoc si Asociatii has advised RetuRO Sistem Garantie Returnare as the sole administrator of the deposit-return system implemented in Romania on the engineering, procurement, and construction contract for the technical infrastructure and the equipment necessary for the operation of the deposit-return system throughout the country.
TSALegal Launches in Romania
TSALegal has opened its doors for business in Romania led by Vlad Toba and Traian Stefanescu.
Koutalidis Advises Alpha Bank on Partnership with UniCredit in Greece and Romania
Koutalidis has advised Alpha Bank on its partnership with UniCredit in Greece and Romania.
Iustin Armasu, Christoph Cudlik, Michael Marschall, and Teresa Waidmann Make Partner at Schoenherr
Schoenherr has announced it is promoting Iustin Armasu, Christoph Cudlik, Michael Marschall, and Teresa Waidmann to Partners, as of February 2024.
How Does Romania Prepare for the DSA
On 20 October 2023, the National Authority for Administration and Regulation in Communications ("ANCOM") and the Ministry of Research, Innovation and Digitisation published for public consultation until 31 October 2023, the Draft Law on the establishment of measures for the implementation of Regulation (EU) 2022/2065 of the European Parliament and of the Council of 19 October 2022 on a Single Market For Digital Services and amending Directive 2000/31/EC, as well for the amendment and supplementation of Law No 365/2002 on electronic commerce (the "Draft Law").
Hammond Partnership Advises Eminus Software on Sale to Fortech
Hammond Partnership has advised the shareholders of Eminus Software on the sale of the company to Fortech.
Todeila Sandu Advises VR Business Capital on Rembrandt Art Center Acquisition
Todeila Sandu has advised Bucharest-based VR Business Capital on its acquisition of the Rembrandt Art Center network in Romania.
What is Illegal Offline Should be Illegal Online - The Romanian Implementation of the European Union Regulation on a Single Market for Digital Service
On 20 October 2023, the National Agency for Administration and Regulation in Communications (“ANCOM”) and the Ministry of Research, Innovation and Digitalization submitted for public consultation the draft law establishing the national legislative measures necessary to implement the provisions of Regulation (EU) 2022/2065 of the European Parliament and of the Council on a Single Market for Digital Services and amending Directive 2000/31/EC (“DSA Regulation”) in Romania.
SLV Legal Morphs into Lexters
Former SLV Legal Partners Alexandru Stanescu, Irina Vasile, and Tudor Velea have recently announced the rebranding of their outfit to Lexters – a Bucharest-based boutique law firm focusing on CEE tech companies and start-ups – and unveiled a new partnership with the Rubik Hub.
Clifford Chance Advises OMV Petrom on Delisting GDRs from London Stock Exchange
Clifford Chance Badea has advised Romanian oil and gas company OMV Petrom on the delisting of its global depository receipts from the London Stock Exchange.
Revnic Cristian & Associates Successful for Declic in Stopping Transylvanian Gold Mining Project
Revnic Cristian & Associates has successfully represented the Declic association before the Cluj County Court in challenging the legality of the environmental permit for a gold and copper mining project operated by Canada's Euro Sun Mining and its Samax Romania subsidiary in the Apuseni mountains in Hunedoara County.
Closing: Louis Delhaize Sale of Cora Romanian Operations to Carrefour Group Now Closed
On November 2, 2023, Act Botezatu Estrade Partners announced that Louis Delhaize’s sale of Cora's Romanian operations to the Carrefour Group (as reported by CEE Legal Matters on May 8, 2023) had closed.
Clifford Chance and RTPR Advise on JC Flowers & Co Sale of First Bank to Intesa Sanpaolo
Clifford Chance Badea has advised private investment fund JC Flowers & Co on its sale of Romania's First Bank to Intesa Sanpaolo. RTPR advised the Intesa Sanpaolo Bank.
Peli Partners Advises Mitsubishi Chemical Group on Transfer of Qualicaps Shares to Roquette Freres
Peli Partners has advised the Mitsubishi Chemical Group on the transfer of its Qualicaps shares to Roquette Freres.
White & Case, RTPR, and CMS Advise on MidEuropa's EUR 1.3 Billion Sale of Profi to Ahold Delhaize
White & Case and RTPR have advised MidEuropa on its EUR 1.3 billion sale of Romania's Profi supermarket chain to Dutch-Belgian listed retail and wholesale company Ahold Delhaize. CMS and, reportedly, GNP Guia Naghi & Partners advised Ahold Delhaize on the acquisition.
DLA Piper and Schoenherr Advise on Sale of Majority Stake in East Grain to Agrofert Group
DLA Piper has advised Romanian grain and oilseed trader East Grain on the sale of a majority stake in the company and its Hungarian subsidiary to the Czech Republic's Agrofert group. Schoenherr advised the buyer.