Dimitrov, Petrov & Co has advised TPXImpact Holdings on the sale of its subsidiaries Questers Resourcing and Questers Bulgaria to Estonia-based software developer Nortal. Reportedly, Charles Russell Speechly and Konecna & Zacha advised Nortal.

Orrick has advised Ellia on its USD 1.5 million seed funding. Wolf Theiss reportedly advised Bulgarian Eleven Ventures on leading the funding round.

Cerha Hempel has advised Tech2People on an over EUR 800,000 capital increase.

This Legal Monitoring Report includes the latest and most relevant amendments to the national legislation for forward-looking businesses. This month, several amendments were made to the Law on State Aid, Law on Consumer Protection, Law of Protection of Trade Secrets, as well as to the Customs Code and Law on Energy. The Report also outlines changes to the IT parks activity, as well as recent adjustments to the minimum and average salary in the economy for 2024.

Wardynski & Partners has advised Senacor Technologies on its acquisition of Finanteq. Tomczykowski Tomczykowska advised the sellers.

On 20 October 2023, the National Agency for Administration and Regulation in Communications (“ANCOM”) and the Ministry of Research, Innovation and Digitalization submitted for public consultation the draft law establishing the national legislative measures necessary to implement the provisions of Regulation (EU) 2022/2065 of the European Parliament and of the Council on a Single Market for Digital Services and amending Directive 2000/31/EC (“DSA Regulation”) in Romania.