NNDKP Environment Flash No. 10/2024:

Stratulat Albulescu has advised Express Euroscan on the acquisition of Denis Spedition SRL and Denis Spedition GMBH.

Filip & Company has advised Teilor Holding on its corporate bond issuance that raised RON 22 million from investors on the Bucharest Stock Exchange.

Schoenherr has advised Trans-Oil Group on the acquisition of Frial Terminal located in the Port of Constanta, Romania.

As Environmental, Social and Governance (ESG) standards continue to dominate business conversations, the European Union (EU) drives the momentum by placing the ‘energy efficiency first’ principle at the heart of its energy policy. These efforts further aim to enhance governance, transparency and strengthen the link between climate change mitigation and environmental protection measures.

REITs (Real Estate Investment Trusts), the investment structure focused on real estate assets and related revenues generated by them has been implemented and used around the world due to the advantages brought to its investors.

ONV LAW has advised Aveuro International on the acquisition of Bluehouse Investitii for approximately EUR 8 million. NNDKP advised the sellers.

Filip & Company has assisted the investment fund Agista on the sale of its entire stake in Dendrio Solutions to Bittnet Systems and the acquisition of a new stake in the cybersecurity company Fort, listed on the AeRO market.

Deloitte Legal-affiliated firm Reff & Associates has advised investment fund Sarmis Capital on the acquisition of a majority stake in paper producer MG-Tec Industry.

Zamfirescu Racoti Vasile & Partners and Clifford Chance have successfully represented Premier Energy in a first-instance court dispute against Azomures over a natural gas supply contract.

Schoenherr, working with sole practitioner Mihaela Aliman, has advised Renovatio on the sale of renewable energy production assets with a capacity of approximately 18 megawatts to OMV Petrom. 

RTPR, working with A&O Shearman, has advised Wolt on its acquisition of fast delivery platform Tazz from eMAG Group. Filip & Company advised eMAG.

Deloitte Legal Romanian affiliate Reff & Associates has advised Blik Romania on obtaining authorization for the Blik Romania payment system from the National Bank of Romania. Deloitte Legal Poland reportedly advised on the matter as well.

Filip & Company, working with Anderson Mori & Tomotsune, has advised the Ministry of Public Finance of Romania on its Samurai green bond issuance on the Japanese capital market, totaling JPY 33 billion.

Wolf Theiss has opened a new office in Brussels under the joint leadership of Partners Anca Jurcovan, Guenter Bauer, Robert Wagner, and Stefan Wartinger.

Alin Nichifor has joined Buju Stanciu & Associates as a Partner.

ESG is complicating contract negotiations in Romania, as large-size enterprises impose heavy terms on mid-sized suppliers, sometimes leading to missed opportunities, according to RC International Disputes’ Managing Partner Ramona Cirlig, with climate litigation also rising, potentially impacting future disputes.

Earlier in 2024, DLA Piper published its Medical Devices Advertising: CEE Comparison Guide, which reviews advertising regulations for medical devices in Austria, Croatia, the Czech Republic, Hungary, Poland, Romania, Slovakia, and Slovenia. Life sciences team members who worked on the guide spoke with CEE Legal Matters about some of the regulatory differences across CEE and the practical implications for businesses.