DLA Piper has announced that former Counsels Andra Trantea and Paula Corban-Pelin have been promoted to Local Partner with the firm’s Romanian office.

MPR Partners has represented the Bacau Municipality in a dispute with CET SA over the Bacau district heating plant.

Popescu & Asociatii has successfully represented Sometra SA, part of Mytilineos Holdings, in court proceedings concerning the closure of one of the 68 landfills for which Romania has been sanctioned by the European Court of Justice, following several infringement proceedings opened against Romania.

Bondoc si Asociatii has advised the Bucharest Municipality on the private placement and admission to trading of 55,500 bonds with a total issuance nominal value of RON 555 million. The issuance was intermediated by a syndicate of BRD Groupe Societe Generale and Raiffeisen Bank. Dentons advised the banks.

Stratulat Albulescu has advised Element Industrial on the lease of 16,000 square meters of warehouse space in Eli Park 3 to Ferro Romania.

Deloitte Legal's Romanian affiliate Reff & Associates has advised Knauf Insulation on its acquisition of the Gecsat glass mineral wool factory located in Tarnaveni from Gecsat SA shareholders.

Former KPMG Legal Romania Partner and Head of Technology, IP, and Data Privacy Cristiana Fernbach has joined Amber as General Counsel.

Clifford Chance has advised the Green Group on a EUR 127 million financing from a syndicate of banks. Filip & Company advised the lenders. Linklaters reportedly advised the lenders as well.

The Ministry of Finance has recently announced officially the opening of a call for submission of applications under the state aid scheme regulated by Government Decision no. GD 807/2014 for financing assets. The period for submitting financing requests is scheduled between 15.06.2022-26.07.2022, when investors may file the relevant documentation.

Ijdelea & Associates has advised Black Sea Oil & Gas on the engineering, procurement, and construction contract for a 50-megawatt photovoltaic project with an unidentified contractor.

After the recent alignment of Romanian state aid law with applicable European law, the procedure for granting state aid in Romania has also been updated as follows:

Tuca Zbarcea & Asociatii, working with Freshfields Bruckhaus Deringer, has successfully represented the Romanian Rugby Federation before an independent panel appointed by World Rugby in proceedings regarding player eligibility rules for the 2023 Rugby World Cup qualifiers.

CEE Legal Matters spoke with CMS Partners Alexander Rakosi, Horea Popescu, Philipp Mark, and Tetyana Dovgan about the impact the rise of ESG is having on the M&A landscape.

In “The Corner Office” we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. The question this time: Who was your favorite professor in university and why?

“The Romanian Recovery and Resilience Plan (PNRR) forms part of an unprecedented coordinated EU response to the COVID-19 crisis, to address common European challenges by embracing the green and digital transitions, to strengthen economic and social resilience and the cohesion of the single market,” according to the European Commission.

Central European countries represented and continue to represent quite an attractive market for international investors, mainly due to the stable economic environment, relatively lower labor costs compared to the rest of the European regions, favorable tax environment, and the availability of tax incentives.

Publication in the Official Gazette of Government Emergency Ordinance no. 46/2022 on measures to implement Regulation (EU) 452/2019 of the European Parliament and of the Council of 19 March 2019 establishing a framework for the examination of foreign direct investment in the Union and for amending and supplementing Competition Law no. 21/1996

Dentons has advised the Xella Group on the sale of its precast concrete division to CHR group company Romcim. BDO Romania reportedly advised the buyer.