Popovici Nitu Stoica & Asociatii has advised the owners of Net Brinel on the sale of 85% of the share capital to French Group SNEF, which was reportedly advised by Monaco's Gordon Blair law firm.
Musat & Asociatii Advises Spectrum Brands on Sale of Battery and Lighting Equipment Divisions to Energizer
Musat & Asociatii has advised Spectrum Brands Holdings on the USD 2 billion sale of its battery and lighting equipment divisions to Energizer Holding.
IP Specialist Andreea Bende Becomes Partner at NNDKP
IP lawyer Andreea Bende has been promoted to Partner at Nestor Nestor Diculescu Kingston Petersen.
BPV Grigorescu Stefanica and Jones Day Advise Molex Electronic Technologies on Acquisition of Connected Vehicle Solutions Division of Laird Limited
BPV Grigorescu Stefanica, working alongside lead counsel Jones Day, advised Molex Electronic Technologies, LLC, on its December 2018 acquisition of the Connected Vehicle Solutions (CVS) Division of Laird Limited.
„Anti-banking laws”. Where from, Why, and Where to?
In the shadow of the highly publicized ordinance on "The tax on banks’ greed" (officially the tax on the assets of banking institutions according to Emergency Ordinance No. 114/2018 regarding the establishment of measures in the field of public investments and fiscal-budgetary measures, on amending an supplementing certain acts and the extension of some deadlines), the end of 2018 brought another surprise for the banking system, partly foreseen but with the hope that it would eventually not happen, or at least not too soon.
Lenz & Staehelin and LDDP Successful for Hidroelectrica in UNCITRAL Arbitration Against Energy Financing Team
Switzerland's Lenz & Staehelin and Romania's Leaua Damcali Deaconu Paunescu have successfully represented Romania's state-owned Hidroelectrica SA as Respondent in arbitration proceedings against Swiss energy trader Energy Financing Team AG held under the 1976 UNCITRAL Rules.
Debt in European Emerging Markets
2nd Edition: Debt in European Emerging Markets, Bucharest, April 11th 2019
MDM Legal Successful for Star Taxi in Bucharest Court of Appeal
MDM Legal, acting on behalf of taxi request and aggregator mobile app Star Taxi, has persuaded the Bucharest Court of Appeal to suspend a decision of the Bucharest General Council and, in a later rulling, notify and prompt the Court of Justice of the European Union to determine whether that decision conflicts with EU law.
NNDKP Successful for National Museum of Romanian History in Bucharest Court of Appeals
NNDKP has successfully represented the National Museum of Romanian History in the Bucharest Court of Appeals and obtained an irrevocable court decision upholding the NMIR's annulment in full of its previous decision to declare Starh Arhitectura, Constructii si Design SRL the winner of a public procurement procedure.
RTPR Allen & Overy Advises CEECAT Capital on Sale of Brikston
RTPR Allen & Overy has advised private equity fund CEECAT Capital on the sale of Brikston Construction Solutions S.A. (previously Ceramica S.A.) to the Austrian group Leier.
Romania's Minimum Wage Hike will Impact Non-Salary Income
On 1 January 2019, the Romanian monthly minimum gross wage will increase from RON 1,900 to RON 2,080, and to RON 2,350 for employees with higher education and at least one year of work experience in such a position.
Romania: Cybersecurity - Call for Action for Major Companies in Critical Sectors
The first piece of EU-wide legislation on cybersecurity is expected to be transposed into Romanian law anytime now, bringing into play enhanced system security obligations for major companies in certain sectors, as well as fines of up to 5 % of non-compliant companies' turnover.
Dentons and White & Case Advise on Financing for Chimcomplex Acquisition of Oltchim Assets
Dentons has advised Credit Suisse AG and Stratulat Albulescu and White & Case have advised VTB Bank Europe SE on financing for Chimcomplex SA Borzesti's acquisition of several asset bundles from Oltchim SA. Bondoc & Asociatii advised Oltchim on the sale and Reff & Associates, a member of Deloitte Legal, developed the due dilligence report based on which Chimcomplex secured its financing.
Arcliffe and ODI Advise Yazaki on CEE Matters
Arcliffe has assisted Yazaki on corporate and labor-related matters related to the company's activity in Czech Republic, Slovakia, Serbia, Romania, Bulgaria, Slovenia, and Croatia. ODI Law supported Arcliffe in the Adria region countries.
Bonuses Granted for Early Payment of the Income Tax and Social Contributions Established by the Unique Statement or by Annual Tax Returns
Introducing the concept of bonus for early payment. The year 2018.
Elena Cirlig and Paula Neculae Promoted to Partner at Musat & Asociatii
Elena Cirlig and Paula Neculae are being promoted to Partner in the Litigation department of Musat & Asociatii in Romania.
Dentons Advises on AmRest Group Financing
Dentons has advised a syndicate of four banks, consisting of Bank Pekao S.A., Ceska Sporitelna, a.s., PKO BP, and ING Bank Slaski on the financing of AmRest Group.
Dana Dunel-Stancu Rejoins Biris Goran as Head of Energy and Natural Resources
Dana Dunel-Stancu has returned to Biris Goran to head the firm's Energy and Natural Resources practice after two years heading the legal department at Romanian power generator Hidroelectrica S.A.