Interview with the Partners of the New NGL Symbio Alliance.
Marketing Law Firm Marketing: Most Valuable Software Tool
New technologies are all the rage, as law firms adapt to the telecommuting and digitalization realities that accompanied the Covid-19 pandemic. Accordingly, we decided to ask our Law Firm Marketing experts from across the region a simple question: “What is the single most important/valuable piece of software you use?” As always, we asked respondents to focus on the question at hand, rather than – as we put it – using the question simply as an excuse to “tell us that their firms are awesome.” Not everyone was able to resist.
Otilia Vilcu Makes Partner at GNP in Bucharest
Otilia Vilcu has become Partner at GNP Guia Naghi and Partners.
DLA Piper Advises Green Horse Games on Investment From Miniclip
The Bucharest office of DLA Piper has advised Romanian mobile gaming studio Green Horse Games on an unspecified investment into the company from mobile game developer Miniclip.
Vincentiu Constantin Becomes Head of Dispute Resolution at Leroy si Asociatii
Vincentiu Constantin has been made Managing Associate and Head of Dispute Resolution at Leroy si Asociatii in Romania.
Deal 5: Restart Energy's Armand Domuta on Agreement with Interlink Capital Strategies
On January 19, 2021, CEE Legal Matters reported that Bondoc si Asociatii had advised independent electricity and gas supplier Restart Energy on its cooperation agreement with DC-based consulting and fund management company Interlink Capital Strategies to develop green energy projects worth USD 500 million in Romania and neighboring countries and to launch the blockchain-based RED platform in the USA. CEEIHM spoke with Armand Domuta, Chairman of the board at Restart Energy, to learn more about the agreement.
Buzescu Ca Advises Algolia on Acquisition of MorphL AI’s Romanian Subsidiary
Buzescu Ca has advised US web search company Algolia on its acquisition of the Romanian subsidiary of AI tech company MorphL AI, which was advised by the US's Polsinelli law firm. Orrick Herrington & Sutcliffe advised Algolia on US law matters.
Compliance & Ethics Programmes: Criminal Liability of Organisations - How Can US sentencing Guidelines Help Us?
Although Romanian law established criminal liability of organisations in 2006, thus adopting a liability model very similar to that of France, Belgium and Portugal, there is still a lot of confusion when it comes to determining when an organisation is to be held criminally liable. From what we see in our day-to-day activity, the courts are still struggling to determine when offences committed by the management of an organisation can also trigger the criminal liability of the organisation itself.
New Regulation for the Authorization of Credit Institutions – Amendments Approval and Notification
In follow-up to our summary regarding the preliminary evaluation for the banks’ authorisation, as detailed in Regulation no. 12/2020 on the authorization of credit institutions and amendments pertaining to the same (“Regulation 12/2020”), and our summary regarding the information and documentation to be submitted by a bank in order to obtain authorisation from the National Bank of Romania (the “NBR”), we will highlight below the main amendments regarding banks that need to be approved by and registered by the NBR once the bank is authorised.
Dentons Advises Brandl Industries on Sale of Czech and Romanian Subsidiaries
Dentons has advised automotive supplier Brandl Industries on the sale of its operating subsidiaries in the Czech Republic and Romania and its German management service company to International Alexander Holding. Financial details were not disclosed.
Former PNSA Partner Cristian Popescu Moves to Dentons in Bucharest
Former Popovici Nitu Stoica & Associatii Partner Cristian Popescu has left that firm to become a Partner at Dentons in Bucharest.
Schoenherr Advises Agricover on Corporate Bond Issuance
Schoenherr has advised Agricover on the issuance of EUR 40 million in corporate bonds and on their admission to trading on the regulated market of the Bucharest Stock Exchange. The Commercial Bank of Romania and BRD Groupe Societe Generale acted as sole coordinators of the issuance.
European Union’s New Cybersecurity Strategy
Cybersecurity is at the forefront of the European Union (“EU”)’s efforts to build a resilient, green and digital Europe. In this respect, on December 16, 2020, the European Commission and the High Representative of the Union for Foreign Affairs and Security Policy presented the European Union’s new Cybersecurity Strategy for the Digital Decade (the “EU Cybersecurity Strategy”).
New Regulation for the Authorization of Credit Institutions – Banks’ Authorization Procedure
In follow-up to our summary regarding the preliminary evaluation for the banks’ authorisation, as detailed in Regulation no. 12/2020 on the authorization of credit institutions and amendments pertaining to the same (“Regulation 12/2020”), we will shortly review below the information and documentation to be submitted by a bank in order to obtain authorisation from the National Bank of Romania (the “NBR”).
Buzescu Ca Advises Danfoss on Sale of Property in Bucharest to Transparent Design
Buzescu Ca has advised Danfoss on the sale of a land plot containing a factory and office space in the Bucharest metropolitan area to Transparent Design. The buyer was advised by Notary Maria Terovan.
Updates of the Romanian Criminal Procedure Law – the Procedural Safeguard of Children
Given the importance of human rights in general and children rights in particular, the European Union (the “EU”) has considered that the international treaties do not offer an adequate level of protection of minors during criminal trials, and therefore, a common legal framework is necessary.
New Regulation for the Authorization of Credit Institutions – Preliminary Requirements for Authorization
Regulation no. 12 of December 18, 2020 on the authorization of credit institutions and amendments pertaining to the same (the “Regulation 12/2020”) issued by the National Bank of Romania (the “NBR”) was published in the Official Gazette no. 1291 as of December 2020 and is applicable starting with the same date.
Act Ban & Karika Attorneys Helps Bader Group Reorganize
Act Ban & Karika has helped Germany's Bader Group reorganize within the framework of the cross-border insolvency proceeding of its Hungarian subsidiary.