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Law no. 53/2003 - Labour Code (the “Labour Code”) will be amended by Law no. 283/ 2022 for amending and supplementing Law no. 53/2003, as well as by Government Emergency Ordinance no. 57/2019 regarding the Administrative Code, which was published in the Official Gazette of Romania, Part I, no. 1013 of 19.10.2022 (“Law 283/ 2022”).

Law No 265/2022 on the Trade Registry and on the amendment and completion of other acts of law affecting the registration with the Trade Registry (“Law No. 265/2022”) was published in the Romanian Official Gazette on 26 July 2022 and will enter into force on 26 November 2022.

On August 30, 2022, CEE Legal Matters reported that Popovici Nitu Stoica & Asociatii had advised Meta Estate Trust on its IPO and listing of shares on the AeRO market of the Bucharest Stock Exchange. CEE In-House Matters spoke with Raluca Dragan, CFO at Meta Estate Trust, to learn more about the matter.

A joint order of the Ministers of Finance and of Research, Innovation and Digitization, No 3.265/21.453/2022, published in Official Gazette No 967 on 4 October 2022, (the “Order”) amends and supplements joint order of the Ministers of Public Finance and of National Education and Scientific Research No 1.056/4.435/2016 to approve norms on de-ductions for research and development expenses when calculating the taxable result for profit tax purposes.

Popovici Nitu Stoica & Asociatii has advised Provita owners Ada and Ovidiu Palea on the sale of a 51% stake in the company to MedLife and the new shareholder agreement. Mitel & Partners advised MedLife on the acquisition.

On August 30, 2022, CEE Legal Matters reported that Boyanov & Co had advised Yara International on the sale of Bulgarian and Romanian businesses Yara Bulgaria and Yara Digital Romania to the Nik Group. CEE In-House Matters spoke with Sverre Hodnebo, Legal Counsel at Yara International, to learn more about the sale.

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Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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