Bondoc si Asociatii, working with Freshfields Bruckhaus Deringer and Foley & Lardner, has advised BorgWarner on the Romanian aspects of the spin-off of its fuel supply systems and spare parts and accessories business into the Phinia company.
Filip & Company Advises Arobs on Transfer of Shares to Bucharest Stock Exchange Main Market
Filip & Company has advised Romanian software developer Arobs Transilvania Software on the transfer of its shares to the Main Market of the Bucharest Stock Exchange.
Closing: Encora’s Acquisition of Softelligence Now Closed
On September 8, 2023, Stratulat Albulescu announced that Encora’s acquisition of Softelligence (reported by CEE Legal Matters on May 19, 2023) had closed a week earlier, on August 31, 2023.
Mariana Signeanu Joins Bulboaca & Asociatii as Partner in Bucharest
Former Biris Goran Partner Mariana Signeanu has joined the Bulboaca & Asociatii law firm in Bucharest as a Partner, effective September 11, 2023.
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.
Firon Bar-Nir Advises Brown Hotels on Sale of Stake in Greek Hotel Portfolio to Israir
Firon Bar-Nir has advised Brown Hotels on the EUR 14.5 million sale of a 25% stake in five hotels located in Greece to Tel Aviv-headquartered airline Israir.
Romania: Towards a Wide (Yet Kept in Check) Scope of FDI Screening
On March 30, 2023, Advocate General Tamara Capeta (AG) delivered her Opinion in the Xella Magyarorszag (C‑106/22) case, concerning the interpretation of Regulation (EU) 2019/452 establishing a framework for the screening of foreign direct investments into the Union (FDI Regulation).
CMS Advises Integral Venture Partners on Acquisition of Majority Stake in O’Fresh Vending Solutions
CMS has advised Integral Venture Partners on the agreement to acquire a majority stake in Romania's O’Fresh Vending Solutions.
CEE Attorneys Boanta Gidei si Asociatii Helps Fagura Launch Fagura.ro Financing Platform
CEE Attorneys Boanta Gidei si Asociatii has advised Fagura on the setup and launch of the Fagura.ro loan-based participatory finance provider platform.
From Sea to Sea to Shining Sea: 12 CEE Law Firms Band Together To Launch the Three Seas Legal Alliance
During the Three Seas Initiative annual general meeting in Bucharest in September 2023, Austria's Dorda, Bulgaria's Boyanov & Co., Croatia's Divjak Topic Bahtijarevic & Krka, the Czech Republic's Kocian Solc Balastik, Estonia's Ellex Raidla, Hungary's Lakatos Koves & Partners, Latvia's Ellex Klavins, Lithuania's Ellex Valiunas, Poland's Wardynski and Partners, Romania's Nestor Nestor Diculescu Kingston Petersen, Slovakia's Barger Prekop, and Slovenia's Selih & Partnerji announced they formed the Three Seas Legal Alliance, in recognition of the progress made by the Three Seas Initiative.
Vlasceanu & Partners Advises Innosea on Floating Photovoltaic Project in Romania
Vlasceanu & Partners has advised marine renewable energy engineering consultants Innosea on identifying the most suitable location for its planned floating photovoltaic project in Romania.
Romania: DRS Packaging to Go Live Soon
The implementation of the deposit return system ("DRS") for bottled water, soft drinks, beer, cider, wine and spirits ("DRS products") in disposable plastic, glass or metal packaging of between 0.1l and 3l, will kick-off on 30 November 2023. As of that date, Romanians will be able to return the packaging of these beverages to the reverse vending machines provided by retailers or producers, as per the legal provisions.
ECJ Ruling Impacts Romanian Statute of Limitations in Certain Criminal Cases
This article discusses the interplay between the primacy of European Union law and the expected new practice in criminal law cases in Romania.
Vlasceanu & Partners Advises Vintruvian Estates on Acquisition of Crama Mennini and Crama Histria
Vlasceanu & Partners has advised Vintruvian Estates on its acquisition of Dragasani-based Crama Mennini and that of a majority stake in Dobrogea's Crama Histria. Sole practitioner Anca Negoita reportedly advised Crama Mennini's sellers.
CMS Advises Bitdefender on Acquisition of Horangi
CMS has advised the Bitdefender cybersecurity company on its acquisition of Singapore-based Horangi Cyber Security. Singapore's Dentons Rodyk & Davidson reportedly advised the unidentified sellers.
Filip & Company and RTPR Advise on Agista Investment in Centrokinetic Clinics
Filip & Company has advised growth investment fund Agista on its minority investment in Romania's Centrokinetic medical clinic network. RTPR advised Founder Andrei Bogdan and Centrokinetic on the deal.
New Legislative Changes Promote Flexicurity in Employment Relations in Romania
August 2023 – The first part of 2023 continued last year's trend of substantial changes to Romanian labour legislation, which is of real interest to both employers and employees. As such, both Law no. 53/2003 on the Labour Code (“Labour Code”) and Law no. 367/2022 on social dialogue (“Law on Social Dialogue”) have undergone several changes, some aimed at clarifying legal issues identified in practice and others at promoting flexibility at work and work-life balance.
Bancila Diaconu si Asociatii Advises Eco Euro Doors on Acquisition of Workshop Doors
EY Law Romanian affiliate Bancila Diaconu si Asociatii has advised Eco Euro Doors on its acquisition of a 70% stake in Workshop Doors.