Stratulat Albulescu has advised Keys REIM on its EUR 13.5 million sale of an unfinished building in Bucharest to One United Properties. The Law Chamber advised the buyer.
Clifford Chance Advises UniCredit Bank on RON 488.5 Million Corporate Bond Issuance
Clifford Chance Badea has advised UniCredit Bank in Romania on its RON 488.5 million corporate bond issuance.
Bulboaca & Asociatii Helps Investimental Obtain Financial Investment Services Authorization
Bulboaca & Asociatii has supported Investimental in obtaining its financial investment services authorization from the Romanian Financial Supervisory Authority.
BDK Advokati Advises Sandberg Capital on Investment in Quantox
BDK Advokati has advised Sandberg Capital on its EUR 20 million investment in Quantox. Nestor Nestor Diculescu Kingston Petersen and Polenak reportedly advised Sandberg as well.
PNSA Advises Romanian Business Consult on Acquisition of Fullscreen Digital
Popovici Nitu Stoica & Asociatii has advised Romanian Business Consult on its acquisition of Fullscreen Digital. Filip & Company reportedly advised the seller.
Closer Look: Popescu & Asociatii's Loredana Popescu on Successfully Representing the City of Sinaia in a Construction Dispute
On November 16, 2022, CEE Legal Matters reported that Popescu & Asociatii had successfully represented the interests of the City of Sinaia in a construction dispute. CEELM reached out to Loredana Popescu, Partner at Popescu & Asociatii to learn more about the matter.
Romania: New Regulations Regarding Social Dialogue
Law 367/ 2022 on social dialogue was published in the Official Gazette of Romania, Part I, no. 1238 of 22 December 2022 ("Law 367/ 2022").
The Odyssey of Urban Planning in Bucharest
Bucharest is currently going down a rocky road insofar as urban regulations are concerned, which have gone through a real odyssey, from being judicially and administratively suspended, to some of them ending up by being finally cancelled by the administrative litigation courts.
Wolf Theiss Advises AFI on EUR 450 Million Credit Facility
Wolf Theiss has advised AFI on a EUR 450 million credit facility for the purposes of refinancing its three shopping centers in Romania – AFI Cotroceni in Bucharest, AFI Ploiesti, and AFI Brasov.
Filip & Company Advises Fondul Proprietatea on Sale of OMV Petrom Shareholding
Filip & Company, working with Linklaters’ London office, has advised Fondul Proprietatea on the sale of its entire shareholding in OMV Petrom for RON 764.1 million via an accelerated private placement.
Bulboaca & Asociatii Successful for Eazy Asigurari in Obtaining Operating License
Bulboaca & Asociatii has successfully represented insurance company Eazy Asigurari before Romania’s financial supervisory authority in obtaining its operating license.
Tuca Zbarcea & Asociatii and Mitel & Partners Advise on MedLife Credit Facility
Tuca Zbarcea & Asociatii has advised a banking syndicate on a new credit facility for MedLife, as part of the company's EUR 228 million syndicated loan. Mitel & Partners advised MedLife on the loan.
Recent Changes to the Legal Framework for Promoting the Use of Energy from Renewable Sources
On 6 December 2022, Government Emergency Ordinance no. 163/2022 ("GEO 163/2022" or the “Ordinance”) for supplementing the legal framework on the promotion of the use of energy from renewable sources and for amending and supplementing certain regulatory acts, was published in Official Gazette of Romania No. 1165, entering into force on the same date.
CEE Attorneys Boanta Gidei si Asociatii Advises Dataware Consulting on Sale of 70% Stake to Bittnet
CEE Attorneys Boanta Gidei si Asociatii has advised Dataware Consulting on the sale of a 70% stake in the company to the Bittnet Group for approximately RON 18.6 million.
Buzescu Ca and Stratulat Albulescu Advise on Travelport Sale of Hotelzon Romania to TripStax Technologies
Buzescu Ca, working with Fieldfisher, has advised Travelport on the sale of shares in its subsidiary Hotelzon Romania to TripStax Technologies. Stratulat Albulescu, working with Bird & Bird, advised the buyer.
Closing: Jade Power's Sale of Romanian Renewable Energy Portfolio to Enery Now Closed
On December 13, 2022, Schoenherr announced that Jade Power's sale of its Romanian renewable energy portfolio to Enery (as reported by CEE Legal Matters on September 9, 2022) had closed.
The New Year's Surprise in Romania: A Buzz Interview with Radu Diaconu of Bancila Diaconu si Asociatii
It is a busy time of the year in Romania, according to Bancila, Diaconu si Asociatii Managing Partner Radu Diaconu, with interesting reports of regulatory updates on the ESG, tax, and companies front.
Novelties Regarding the Commercial Law
Law No. 265/2022 on the trade register and for amending and supplementing other normative acts with impact on the registration in the trade register (“Law No. 265/2022”) was published in the Official Journal of Romania No. 750, Part I, of 26 July 2022. Law No. 265/2022 entered into force on 26 November 2022.