Stratulat Albulescu has advised Element Industrial on the lease of 16,000 square meters of warehouse space in Eli Park 3 to Ferro Romania.
Reff & Associates Advises Knauf Insulation on Acquisition of Gecsat Factory
Deloitte Legal's Romanian affiliate Reff & Associates has advised Knauf Insulation on its acquisition of the Gecsat glass mineral wool factory located in Tarnaveni from Gecsat SA shareholders.
Cristiana Fernbach Joins Amber as General Counsel
Former KPMG Legal Romania Partner and Head of Technology, IP, and Data Privacy Cristiana Fernbach has joined Amber as General Counsel.
Clifford Chance and Filip & Company Advise on EUR 127 Million Financing for Green Group
Clifford Chance has advised the Green Group on a EUR 127 million financing from a syndicate of banks. Filip & Company advised the lenders. Linklaters reportedly advised the lenders as well.
Romania: State Aid Call for Submission of Applications Will Open on 15 June
The Ministry of Finance has recently announced officially the opening of a call for submission of applications under the state aid scheme regulated by Government Decision no. GD 807/2014 for financing assets. The period for submitting financing requests is scheduled between 15.06.2022-26.07.2022, when investors may file the relevant documentation.
Ijdelea & Associates Advises Black Sea Oil & Gas on EPC Contract
Ijdelea & Associates has advised Black Sea Oil & Gas on the engineering, procurement, and construction contract for a 50-megawatt photovoltaic project with an unidentified contractor.
Romania: State Aid Law Updates
After the recent alignment of Romanian state aid law with applicable European law, the procedure for granting state aid in Romania has also been updated as follows:
Tuca Zbarcea & Asociatii Successful for Romanian Rugby Federation Before World Rugby Panel
Tuca Zbarcea & Asociatii, working with Freshfields Bruckhaus Deringer, has successfully represented the Romanian Rugby Federation before an independent panel appointed by World Rugby in proceedings regarding player eligibility rules for the 2023 Rugby World Cup qualifiers.
ESG: Reimagining The Investment Landscape
CEE Legal Matters spoke with CMS Partners Alexander Rakosi, Horea Popescu, Philipp Mark, and Tetyana Dovgan about the impact the rise of ESG is having on the M&A landscape.
The Corner Office: Favorite Professor
In “The Corner Office” we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. The question this time: Who was your favorite professor in university and why?
How Will the PNRR Affect the Romanian Tax Landscape and Taxpayers?
“The Romanian Recovery and Resilience Plan (PNRR) forms part of an unprecedented coordinated EU response to the COVID-19 crisis, to address common European challenges by embracing the green and digital transitions, to strengthen economic and social resilience and the cohesion of the single market,” according to the European Commission.
Guest Editorial: CEE – A Challenging But Attractive Market
Central European countries represented and continue to represent quite an attractive market for international investors, mainly due to the stable economic environment, relatively lower labor costs compared to the rest of the European regions, favorable tax environment, and the availability of tax incentives.
Romania: Implementation of Regulation (EU) 452/2019
Publication in the Official Gazette of Government Emergency Ordinance no. 46/2022 on measures to implement Regulation (EU) 452/2019 of the European Parliament and of the Council of 19 March 2019 establishing a framework for the examination of foreign direct investment in the Union and for amending and supplementing Competition Law no. 21/1996
Dentons Advises Xella on Sale of Precast Concrete Division to Romcim
Dentons has advised the Xella Group on the sale of its precast concrete division to CHR group company Romcim. BDO Romania reportedly advised the buyer.
Stratulat Albulescu and RTPR Advise on Sale of World Class Romania to AIG
Stratulat Albulescu has advised Resource Partners and World Class Romania's management on the sale of World Class to the African Industries Group. Radu Taracila Padurari Retevoescu advised AIG.
Hot Practice in Romania: Octavian Popescu on Popescu & Asociatii’s Dispute Resolution Practice
The hot practice for Popescu & Asociatii over the past year has been Dispute Resolution, with the pandemic crisis as a primary driver of work, according to Partner Octavian Popescu, who reports about a vibrant 2021 and looks ahead to a similar 2022.
Cristina Gavrila Joins Glodeanu & Partners as Partner
Former GM Legal Partner Cristina Gavrila has joined Glodeanu & Partners as a Partner.
Romania: New Legal Framework for Foreign Direct Investments
Regulation (EU) 2019/452 of the European Parliament and of the Council of 19 March 2019 establishing a framework for screening foreign direct investments into the Union (the “Regulation”) has been implemented into Romanian legislation in the form of Government Emergency Ordinance no. 46/2022 on foreign direct investments (“GEO no. 46/2022”).