Deloitte Legal Romanian affiliate Reff & Associates has advised Romania's National Agency for Fiscal Administration on implementing an EU-funded project to modernize tax controls, including amending the relevant legislation to provide the framework for intensifying desk audits and targeted checks.

DLA Piper has advised Montana Aerospace on a EUR 450 million corporate financing from a syndicate including Commerzbank Aktiengesellschaft, HSBC Continental Europe, and UniCredit Bank Austria.

Act Legal Botezatu Estrade Partners has recently announced it welcomed a nine-person team from Consortium Legal – including Partners Stelian Mic, Barna Bolonyi, and Valeriu Timus – in "a friendly integration and a strategic step forward."

Dentons has advised the CEC Bank on raising EUR 162.6 million through a tap of its senior non-preferred MREL-eligible notes due February 2028. Clifford Chance advised the underwriting banks.

Schoenherr has signed new legal services and partnership agreements to continue providing pro bono legal advice to Concordia – an independent NGO supporting children, young people, and families in need in Romania, Bulgaria, Moldova, Kosovo, and Austria – which the firm has been supporting for the past 15 years.

On 16 November 2023, the Romanian Government approved the draft law aimed at ratifying the Unitary Patent Court Agreement (“UPCA”). Going forward, the draft law will be sent to the Romanian Parliament for its approval.

APTIQ Legal – the legal division of boutique consultancy APTIQ Global – has announced it is joining forces with the office of Bucharest lawyer Diana Dinu Dobrin and the Gal Ghilasi Procopciuc law firm in Brasov.

BNT Gilescu Valeanu & Partners has advised the Procredit Bank on granting a EUR 3.15 million credit facility to the NextE Group for the construction of a 7.4-megawatt-peak photovoltaic power plant.

Bucharest-based lawyers Claudiu Damian and Costin Teodorovici have launched Whistle Up – a platform to support organizations impacted by the whistleblowing legislation in complying with the newly applicable legal framework.

In Romania, even the most optimistic estimates show that only a handful of companies (less than 10%) manage to reorganize through insolvency, as previously regulated by Law 85/2006 and then by Law 84/2014 on insolvency prevention and insolvency proceedings (“Law 85/2014”).

Bondoc si Asociatii has advised RetuRO Sistem Garantie Returnare as the sole administrator of the deposit-return system implemented in Romania on the engineering, procurement, and construction contract for the technical infrastructure and the equipment necessary for the operation of the deposit-return system throughout the country.

TSALegal has opened its doors for business in Romania led by Vlad Toba and Traian Stefanescu.

Koutalidis has advised Alpha Bank on its partnership with UniCredit in Greece and Romania.

Schoenherr has announced it is promoting Iustin Armasu, Christoph Cudlik, Michael Marschall, and Teresa Waidmann to Partners, as of February 2024. 

On 20 October 2023, the National Authority for Administration and Regulation in Communications ("ANCOM") and the Ministry of Research, Innovation and Digitisation published for public consultation until 31 October 2023, the Draft Law on the establishment of measures for the implementation of Regulation (EU) 2022/2065 of the European Parliament and of the Council of 19 October 2022 on a Single Market For Digital Services and amending Directive 2000/31/EC, as well for the amendment and supplementation of Law No 365/2002 on electronic commerce (the "Draft Law").

Hammond Partnership has advised the shareholders of Eminus Software on the sale of the company to Fortech.

Todeila Sandu has advised Bucharest-based VR Business Capital on its acquisition of the Rembrandt Art Center network in Romania.

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.