On 25 May 2022, Law no. 157/2022 („Law 157/2022”) amending Law no. 256/2018 on certain measures necessary for the implementation of oil operations by offshore oil perimeter owners (“Offshore Law”) was published in the Official Gazette of Romania no. 516 and entered into force on the same date.

New amendments to Law No. 422/2001 on the protection of historic monuments (Law 422) were posted for discussions on the website of the Ministry of Culture, on January 12, 2022, in the shape of a Government Ordinance (Bill) intended to amend and supplement Law 422. Any suggestions or opinions should have been submitted no later than January 24.

Emergency Ordinance No. 58/2022 amending and supplementing consumer protection acts (“GEO No. 58/2022”) was published in the Official Gazette, Part I, No. 456 of 6 May 2022. The act entered into force on 28 May 2022.

Zamfirescu Racoti Vasile & Partners has provided pro bono legal assistance to 45 survivors and persons close to the victims of the Colectiv Club fire before the magistrates of the Bucharest Court of Appeal.

Former Enel Romania Head of Legal has joined Enel Green Power as its Head of Legal in Bucharest.

Musat & Asociatii has advised the Catted Group on the financing provided by Libra Internet Bank for the development of the Catted Family residential project. 

Stratulat Albulescu, working with Luxembourg-based Bonn Steichen and Partners, has advised Machinations.io on a USD 3.3 million USD Series A round. White & Case's London office reportedly advised Hiro Capital, who led the round.

GEO no. 67/2022, published in the Official Gazette on 23 May 2022, enforces the application of fiscal incentives for companies who decide to increase their employees’ salaries from the minimum gross salary, i.e. RON 2,550, to RON 2,750, for salaries from 1 June - 31 December 2022.

PwC's Romanian affiliate D&B David and Baias has advised the shareholders of Thagora Technology on the sale of their company to the Lear Corporation. Mitel & Partners advised Lear.

Dana Toma has joined Wolf Theiss’ Bucharest office as a Counsel and Coordinator of the Real Estate practice.

Stratulat Albulescu has advised both software developer Cyscale and VC fund GapMinder in a EUR 3 million seed funding round for Cyscale.

Former Head of Legal Automation at UiPath Vasile Tiple has launched Goodlegal – a company aiming to "make legal easy, accessible, and actionable to anyone through freely available technology."

Nestor Nestor Diculescu Kingston Petersen has advised Marcos Provit on its EUR 8.5 million cross-border corporate bond issuance through a private placement under the coordination of CVI Dom Maklerski. Wolf Theiss advised CVI.

Deloitte Romania’s Reff & Associates has advised Roca Industry on its EUR 14 million acquisition of Dial. Domokos Partners advised the seller.

Stratulat Albulescu has advised Catalyst Romania Fund II on its participation in the EUR 2 million equity funding round of EdTech platform Adservio.

Deloitte Legal’s Reff & Associates has advised Studium Green on the acquisition of a portfolio of 100 buildings and properties from Immobiliare Italo Romena, a subsidiary of the former Italian bank Veneto Banca. Antico & Partners reportedly advised Immobiliare Italo Romena on the deal.

With a new FDI regulatory framework and the National Plan for Resilience and Recovery all but in place, Romania is well prepared for the second part of 2022, which could include a swarm of businesses relocating from Ukraine and Russia, according to RTPR Partner Alina Stavaru. 

Musat & Asociatii has advised a syndicate of banks including Jefferies Finance LLC, J. P. Morgan, and Danske Bank A/S on financing for the EUR 650 million acquisition of four B2B distribution companies by FSN Capital.