Former Tuca, Zbarcea si Asociatii Lawyers Mihai Dudoiu and Sergiu Negreanu have opened a new boutique law firm: Dudoiu, Negreanu & Associates – operating under the brand Legal.Ground.

On June 3, 2024, Clifford Chance Badea announced that J.C. Flowers & Co's sale of First Bank to Intesa Group (as previously reported by CEE Legal Matters on November 3, 2023) has now closed.

Nestor Nestor Diculescu Kingston Petersen has advised CTP on its acquisition of a Romanian logistics portfolio fully owned by Globalworth. Kinstellar advised the seller.

Filip & Company has advised Romania's Banca Transilvania Group on its acquisition of BRD Pensions from BRD Groupe Societe Generale and Societe Generale Assurances. PNSA reportedly advised Societe Generale.

Clifford Chance Badea has advised Premier Energy on its IPO and listing on the Bucharest Stock Exchange amounting to approximately RON 700 million. Dentons advised the bookrunners. Moldova's Turcan Cazac and Cyprus' Chrysses Demetriades & Co reportedly advised the bookrunners as well.

For our Checking In feature, we reach out to partners and heads of practice across CEE to learn how specific practice areas are faring in their jurisdictions. For this piece, we asked firm Labor experts:  Have whistleblowing regulations been implemented in your jurisdiction and would you advise companies to use an external solution or an in-house one? Why?

Filip & Company has advised Romania's RCS & RDS on signing two export credit facility agreements totaling EUR 117.16 million for the acquisition of goods and services to develop its telecom networks in Romania and Portugal and advised its Digi Spain Telecom subsidiary on a EUR 50 million uncommitted and unsecured credit facility agreement.

Former Teleperformance Chief Legal Officer Laura Rudnyanszky has joined Accenture in Bucharest as the company's Offerings Counsel Manager – Global Legal Network.

PGC Partners has advised the Premier Group on the building acquisition and, following its restoration, the launch of the Tudor Arghezi House and Premier Business Center, a boutique hotel and office building in Bucharest.

Former Eversheds Sutherland Romania Tax Partner Dragos Doros has joined the Artenie Secrieru & Partners law firm in Bucharest to launch their sister operation – Artenie, Secrieru, Doros Tax – as Managing Partner.

The recent modifications to Law 17/2014 regarding on the regulation of sale of extramuros agricultural land („Law 17”) came into force through the modifications brought by Law 116/2024, adopted on 29 April 2024 and published a day later.

Starting with May 16, 2024, the Law no. 126/2024 on some measures to strengthen the capacity to combat tax evasion, as well as to amend and supplement some normative acts, enters into force.

Buzescu Ca has promoted Lawyer Adrian Tomescu to a Managing Partner position, with the firm also changing its name to Buzescu & Tomescu.

Schoenherr has advised Piraeus Bank on the sale of its participation in a EUR 400 million primarily non-performing exposures portfolio to APS. Tuca Zbarcea & Asociatii advised APS.

Kinstellar and Rymarz Zdort Maruta have advised the Smyk Group and its Romanian Smyk All 4 Kids subsidiary on the amendment and extension of their group financing.

Filip & Company has advised the Centrokinetic orthopedics and medical rehabilitation network together with its shareholder, the Agista investment fund, on their acquisition of a 70% stake in the Socrates clinic in Timisoara, Romania. Timisoara-based sole practitioner Diana Pavel Cios reportedly advised the sellers.

Kinstellar has advised BIG Mega Renewable Energy on a EUR 92 million financing agreement with the European Bank for Reconstruction and Development and OTP Bank to build and operate the 102-megawatt Urleasca wind farm in Braila county, Romania. Clifford Chance reportedly advised the banks.

Wolf Theiss has advised Airsol on its acquisition of MedAir Oxygen Solutions.