DLA Piper has advised Wirtualna Polska on its acquisition of the Szallas Group from Portfolion Capital Partners and private individuals. Baker McKenzie advised Portfolion.

By Government Ordinance no. 16/2022 for amending and supplementing Law no. 227/2015 regarding the Fiscal Code, the abrogation of some normative acts and other financial-fiscal measures, published in the Official Gazette no. 716 of July 15, 2022 (Ordinance 16/2022), a series of amendments and additions to the fiscal regime have been made that concern, among others, the regime of micro-enterprises, excise duties, hospitality sector, part-time labour agreements, VAT etc.

Contributed by Domokos Partners.

Wolf Theiss has advised a syndicate of Erste Group Bank, Banca Comerciala Romana, OTP Bank Nyrt, OTP Bank Romania, and Raiffeisenlandesbank Niederoesterreich-Wien on a EUR 410 million credit facility granted to the Iulius Group.

Nestor Nestor Diculescu Kingston Petersen, working with Wachtell Lipton Rosen & Katz, has advised International Game Technology on the acquisition of iSoftBet. Firon Bar-Nir advised the sellers.

Former Veolia Energie Romania Head of Legal Department & Data Protection Officer Georgeta Szabo has joined CWP Global in Bucharest as Legal Manager.

PeliPartners has advised WDP on the acquisition of the Arad Business Park logistics center.

Wolf Theiss, working with Aird & Berliss, has advised Jade Power Trust on the sale of its portfolio of six renewable energy projects to Enery Power Holding. Schoenherr advised the buyer.

Romania has recently launched a State aid scheme for the purpose of encouraging investments in the manufacturing industry, with view, on the one hand, to overcome current extensive labour shortages and the diminished trade flows to and from Ukraine caused by the armed conflict therein, and, on the other hand, to facilitate access to new international markets.

Some of our day-to-day activities involve conducting legitimate interest assessments. In this context, we have repeatedly dealt with the question “What makes an interest ‘legitimate’?”.

Former Noerr Associate Partner in Romania Anca Mihailescu has left the firm and founded Mihailescu Legal.

Romanian firm Stratulat Albulescu has opened a new office in Chisinau, Republic of Moldova, with Sabina Cerbu joining as a Partner.

Roxana Dudau has joined Wolf Theiss' Bucharest office as Partner and head of Real Estate & Construction practice in Romania and other jurisdictions of the firm. 

PeliPartners has advised Global Trade Center on the sale of Bucharest's Cascade Office Building to Hungarian Crown Holding Kft.

Law 216 of 14 July 2022 amends and supplements Law 85/2014 on insolvency prevention and insolvency proceedings and other legislation. The new law transposes the business prevention mechanisms introduced at European level by Directive 2019/1023.

EY-associated firm Bancila, Diaconu si Asociatii has advised the founders on the sale of the Get’s Bet Group to Emma Capital. Stoica & Asociatii advised the buyer.

REPowerEU is about rapidly reducing the EU’s dependence on Russian fossil fuels by fast-forwarding the clean transition and joining forces to achieve a more resilient energy system and a true Energy Union.

Last year has been a busy time in terms of warranty & indemnity insurance for the CEE market, according to W&I Insurance Broker and Advisor and former M&A lawyer Gergely Juhasz.