Deloitte Legal's Reff & Associates has advised Belgian developer Speedwell in refinancing the loan granted by BRD Groupe Societe Generale for the development of the Record Park Offices project in Cluj-Napoca. Tuca Zbarcea & Asociatii advised the bank.

Starting this August, the fiscal unity system concerning the corporate income tax becomes functional in Romania, further to the enactment of the procedure for the implementation and management of such system through Order no. 1191 issued on August 6, 2021 by the National Agency for Fiscal Administration.

Leroy si Asociatii has advised Vinci Energies on its acquisition of Frigotehnica from Roca Investments. Reff & Associates in cooperation with Deloitte Legal advised the seller.

DLA Piper Romania has advised Abris Capital Partners on the acquisition, through its subsidiary Dentotal, of Dentatechnica. Kambourov & Partners acted as Bulgarian counsel to the buyer and Schoenherr advised the seller.

LC LegalProof has advised Zipper Studios on the sale of its business to Romanian software services provider Fortech. Bejenaru & Partners advised the buyer on the deal.

RTPR’s Costin Taracila Talks About The Deal of the Year in Romania.

Two years ago the Romanian anti-fraud and tax authorities took the Romanian business environment by surprise, by initiating a thematic tax audit campaign aimed at auditing the tax treatment of purchased gift vouchers, in terms of income tax and social security charges. A very sought after extra-salary employee benefit, companies bought and offered gift vouchers amounting to over RON 1 billion (approx. EUR 200 million) in 2018 alone.

Tuca Zbarcea & Asociatii has advised Electrica on its acquisition of a 207-megawatt wind and solar project portfolio from Monsson. Berechet Rusu Hirit advised the seller.

Popovici Nitu Stoica & Asociatii has advised the owners of Via-Trend on the sale of the company to Swedish private equity fund Oresa. Filip & Company advised the buyer.

PeliPartners has advised Portland Trust on its sale of the Ratesti 153-megawatt photovoltaic development project to Econergy and Nofar Energy. Schoenherr advised Nofar Energy on the deal.

Dentons has advised Payten on its acquisition of a majority stake in Romanian e-commerce software developer ContentSpeed. Popovici Nitu Stoica & Asociatii advised the seller.

Wolf Theiss has advised the founders of AMC Ro Studio on the sale of their shares to Keywords Studios plc. KPMG Legal, alongside DWF’s London office, advised Keywords Studios on the deal.

Following the adoption of regulations allowing profit tax consolidation in late 2020, the Romanian tax authorities issued Order 1191/2021 approving the instructions for implementing and managing Profit Tax Groups (“PTGs”) on 6 August 2021.

PeliPartners has advised Polish developer Scallier on the acquisition of a retail project in Timisoara from the Oasis group.

Act Botezatu Estrade Partners has advised French VC fund Axeleo Capital on its seed round investment into Bright Spaces. DLA Piper advised Bright Spaces. Shoosmiths reportedly also advised Bright Spaces, while CEE Attorneys reportedly advised Romania's Sparking Capital, another investor in the round.

NNDKP has successfully represented companies that are part of the Efacec Group before the Court of International Commercial Arbitration attached to the Chamber of Commerce and Industry of Romania against local administrative authority Braila County.

Filip & Company has advised RCS & RDS and several of its subsidiaries on securing two medium-term loans amounting to approximately EUR 232 million.

Not all the impacts of the COVID-19 crisis on Romanian society are negative. The crisis also led to the much-overdue regulation of telemedicine in Romania.