Nyerges & Partners has advised Shikun & Binui Energy on a EUR 49 million loan from Raiffeisen Bank International AG for their second Romanian investment – a 101-megawatt photovoltaic facility located in Simleu Silvaniei. CMS reportedly advised Raiffeisen Bank.

Stratulat Albulescu has advised Vienna Insurance Group member Asigurarea Romaneasca – Asirom Vienna Insurance Group on its acquisition of the entire insurance portfolio of the Romanian branch of Aegon Towarzystwo Ubezpieczen.

CMS has advised Entek Elektrik Uretim on the acquisition of two Romanian companies owning the rights to a 214.26-megawatt solar power project under development from UK-based Econergy International.

Contributed by Tuca Zbarcea & Asociatii.

The Romanian legal landscape is buzzing with changes in the life sciences sectors. With the presence of global pharmaceutical companies and a push for innovative therapies, the country is solidifying its position as a key market, while advancing toward economic stability, according to Musat & Asociatii Deputy Managing Partner Dan Minoiu.

A recent legislative amendment to Law no. 17/2014, concerning certain measures regulating the sale of extra muros agricultural land, which also amends Law no. 268/2001 on the privatisation of companies managing public and private state-owned agricultural land and the establishment of the State Domains Agency (“Law 17”), has been proposed in the Romanian Senate. This amendment aims to introduce a new category of pre-emptors: owners of land adjoining extra muros arable land, regardless of the location within or outside city limits and regardless of the land use category.

Romania-based Mares & Mares and Cyprus-based Emilianides Katsaros have formed a partnership spanning Cyprus, Romania, and Greece.

CMS has advised Alcedo on its acquisition of Naturevo Romania.

Filip & Company has advised BayWa on its acquisition of the White Gate Photovoltaic Park.

Alexandra Ivancia has joined CTP Romania as its new Head of Legal Leasing.

Former Head of Legal Renewables for PPC Renewables Monica-Ileana Paraschiv has become the new Head of Corporate Governance, Compliance & New Business Support at PPC Romania.

CMS has advised Alior Bank, via its branch in Romania, on the sale of a portfolio of approximately 4,000 retail clients, to Romanian bank Patria Bank.

Recent legislative changes in the gambling field have generated a series of economic challenges for this industry, leading more and more organizers to cease or restructure their activities.

Nestor Nestor Diculescu Kingston Petersen and Dorda, working with Heuking and Wenger Vieli, have advised Inner Mongolia Mengtai Group on the acquisition of the Alu Menziken Group from Montana Aerospace.

Dentons has advised DRI on the acquisition of a 126-megawatt solar park project in Vacaresti Dambovita county, Romania from local developers. Glodeanu & Partners reportedly advised the sellers.

Inclusion, diversity, and equity (ID&E) are fundamental principles that shape the fabric of modern societies and industries. Within the legal profession, these principles not only reflect our commitment to justice and equality but also drive innovation, foster creativity, and enhance client service. In Central and Eastern Europe (CEE), where the gradual democratization and opening of societies since the 1990s has largely driven greater acceptance of diverse perspectives and communities, it is imperative for lawyers and law firms to take a leading role in advancing ID&E.  In this article, we discuss how investing in inclusion, diversity, and equity can help your firm unleash the full potential of your workforce, foster creativity, and drive sustainable success.

CMS has advised Agir Global on the acquisition of Steel Service Center Sidma Romania.

The Government Decision no. 598/2024 for establishing the minimum gross base salary at national level was published on June 6, 2024, in the Official Gazette Part I no. 529.