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.
RTPR and Filip & Company Advise on Transfer of Orange Money Retail Business to Alpha Bank
RTPR has advised the Orange group's Orange Money Romania on the transfer of its retail business to Alpha Bank Romania. Filip & Company advised Alpha Bank.
Fighting the Greenwashing. What to Expect from the New Green Claims Directive?
On 22 March 2023, the European Commission published its proposal for the Green Claims Directive. The new directive aims at filling the legislative gap that has been enabling the practice of greenwashing and it is therefore intended to complement as lex specialis the existing set of EU rules on consumer protection.
New Developments on the CfD Mechanism in Romania
On 7 August 2023, the Ministry of Energy published for public consultation the draft Government decision on the approval of the general legal framework for the implementation and functioning of the Contracts for Difference (CfD) support mechanism for low carbon technologies (the “Draft Government Decision”), together with an information note for potential bidders in relation to the implementation of a first CfD scheme, the related auctions rounds being envisaged for Q4 2023 and Q1 2025 (the “Information Note”).
Recent ECJ Judgement Sparks Controversies on the Romanian Statute of Limitations for Criminal Liability
In recent years, the statute of limitations for criminal liability in Romania has been the subject of numerous debates among legal scholars and practitioners.
Romania Launches New Renewables CfD Support Scheme Targeting 5 GW of Onshore Wind and Solar Capacities
Romania is on the verge of introducing a much-awaited new support scheme for renewable energy. On 7 August 2023, the Romanian Ministry of Energy launched for public consultations a draft decision approving the legal framework for the implementation and functioning of the Contracts for Difference ("CfD") support scheme for low-carbon technologies ("CfD Scheme").
CMS Advises on PPC Renewables Acquisition of Wind Farm from Lukoil Group
CMS has advised PPC Renewables on the acquisition of an 84-megawatt operational wind farm from the Lukoil Group.
RTPR and Schoenherr Advise on Romcim Acquisition of Bauelemente
RTPR has advised Romcim on its acquisition of Bauelemente. Schoenherr advised Romcim on the merger and FDI clearance for the acquisition. Popovici Nitu Stoica si Asociatii reportedly advised the sellers.
Clifford Chance Badea Advises Enel Green Power Romania on Acquisition of Lumina Photovoltaic Park
Clifford Chance Badea has advised Enel Green Power Romania on the acquisition of the Lumina 63-megawatt photovoltaic park in Calugareni, Giurgiu county, from the Mytilineos group.