In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.
New Rules for the Deduction of Intra-Group Expenses Incurred by Non-Resident Related Entities – Proposed Amendments
The recent practice in the field has shown that the expenses with intragroup services are currently one of the main topics addressed during tax audits and, at the same time, one of the main topics generating tax controversies.
New Rules for the Insurance Market in Romania
On 16 January 2024, the Law No. 17/2024 amending and supplementing Law No. 237/2015 on the authorisation and supervision of insurance and reinsurance activities, as well as amending and supplementing certain regulatory acts was published in Official Gazette Of Romania No. 36., aiming to strengthen the protection of both policyholders and beneficiaries by ensuring the stability of the insurance market and a greater degree of predictability in the development of each individual company and the insurance market as a whole.
Vires in Numeris – Romania transposes EU regulated class action institution
In 1998, in the aftermath of the most famous class action in history, Philip Morris and three other tobacco companies had to pay a $ 206,000,000,000 settlement covering medical costs for smoking-related illnesses.
Did You Know: The 2023 Lawyer and Firm Leaderboard in Romania
Did you know that, according to the Activity Rankings function of the CEELMDirect website, a total of twenty law firms and seventeen individual lawyers worked on five or more reported Romanian client matters in 2023?
Musat & Asociatii Advises Tecadra Hotels on Accor Partnership
Musat & Asociatii has advised Tecadra Hotels on its partnership with the Accor Group for the complete transformation and expansion of the Tecadra Hotel in Bucharest.
Musat & Asociatii Mints Three New Partners and Appoints New Deputy Managing Partner
Dan Minoiu has become a new Deputy Managing Partner at Musat & Asociatii, while Ana Maria Abrudan, Mateea Codreanu, and Stefan Diaconescu have all been promoted to Partner positions.
CEELM10 Roundtable: A Decade of M&A in CEE
On November 21, 2023, corporate/M&A and private equity experts from Bulgaria, Greece, Hungary, Kosovo, Moldova, Romania, Serbia, Slovakia, Turkiye, and Ukraine sat down for a virtual round table moderated by CEE Legal Matters Managing Editor Radu Cotarcea to discuss the key developments in the field over the past decade.
CEELM10 Interview: A Decade of M&A in Romania
Musat & Asociatii Deputy Managing Partner Razvan Stoicescu talks about the evolution of the practice and their role as legal advisors in Romania over the last 10 years.
CEELM10 Interview: A Decade of Disputes in Romania
Musat & Asociatii Partner Iuliana Iacob talks about the evolution of dispute resolution and their role as legal advisors in Romania over the last 10 years.
CEELM10 Interview: A Decade of PPP/Infrastructure In Romania
Musat & Asociatii Deputy Managing Partner Iulian Popescu talks about the evolution of PPP/Infrastructure and their role as legal advisors in Romania over the last 10 years.
Discontinuation of Decade Long Status Quo - Ex officio Censorship of Attorney Fees to be Ceased by Means of New Legislative Proposal
A recent legislative project registered for debate with the Romanian Senate indicates that the current state of affairs pertaining to the reimbursement of judiciary costs is on the cusp of a major change.
Musat & Asociatii Advises on Development of Visionapartments Luxury Aparthotel in Bucharest
Musat & Asociatii has advised Visionapartments on the development of the Visionapartments luxury aparthotel on Bucharest's Calea Victoriei.
What is Illegal Offline Should be Illegal Online - The Romanian Implementation of the European Union Regulation on a Single Market for Digital Service
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.
Musat & Asociatii Advises Naxxar Renewable Energy on Sale of 60% Stake in Naxxar Wind Farm Four to Polenergia
Musat & Asociatii has advised Naxxar Renewable Energy on the sale of a 60% stake in the 685.6-megawatt Naxxar Wind Farm Four in Tulcea County to Polenergia, with an option for the remaining 40%.
The Debrief: October 2023
In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.
Did You Know: National Champions on 2023 Romanian Leaderboard
Did you know that 10 of the 18 law firms in Romania that have reported four or more client matters so far in 2023 are independent law firms, unaffiliated with international or regional law firms? According to the Activity Rankings function of the CEELMDirect website, that group of domestic Romanian law firms is led by Filip & Company and RTPR, both of which have reported working on 12 client matters so far in 2023.
Closing: Adesgo’s Sale of Business to Tefron Europe Now Closed
On August 3, 2023, Musat & Asociatii and Firon Bar-Nir both announced that the sale of Adesgo’s seamless apparel business to Tefron Europe (reported by CEE Legal Matters on April 18, 2023) had closed.