NNDKP has advised Safety Broker on the sale of 80% of the company’s shares to the Polish group Unilink.
Moldova: Control of Investments Legislation Entered into Force
Through its 11 November 2021 law ("Law 174/2021"), the Moldovan Parliament approved the rules on control of investments into sectors important for the security of the state. Law 174/2021 applies equally to local and foreign investors and entered into force on 19 November 2021.
Competition and Competition Litigation Laws and Regulations in Moldova
Contributed by ACI Partners.
Moldova: The Long-Awaited Turning Point
The year 2021 is expected to be a long-awaited turning point for the Moldovan electric energy market.
Sayenko Kharenko Advises on Second Trans-Oil Tap Issuance
Sayenko Kharenko has advised joint lead managers and joint bookrunners Citigroup, ING, and Renaissance Capital on the second USD 50 million tap issuance of 8.45% secured notes due 2026 by the Trans-Oil Group.
Unlawful Consent is Still Consent: International Law Perspectives on Komstroy vs Moldova
On 2 September 2021, the Court of Justice of the European Union (CJEU) issued the much awaited judgement in the Komstroy vs Moldova case (C-741/19).
Sayenko Kharenko, Gladei & Partners, Turcan Cazac, and Baker McKenzie Advise on USD 50 Million Eurobond Tap Issue by Trans-Oil Group
Sayenko Kharenko and Turcan Cazac advised joint bookrunners Citigroup, ING, and Renaissance Capital on the tap issue of USD 50 million 8.45% secured notes due 2026 by Trans-Oil Group. Baker McKenzie and Gladei & Partners advised Trans-Oil Group.
The Wood Anniversary: Five Years of BizLaw.md
BizLaw.md, a Romanian-language portal dedicated to business law in the Republic of Moldova, is celebrating its fifth anniversary. We spoke with its founder, Efrim Rosca & Asociatii Managing Partner Oleg Efrim, to learn more about the project and his plans going forward.
Guest Editorial: Bonding Over Moldovan Pies
My Indian guru, a sine-qua-non vegetarian, adores the Moldovan pies (placinte poale-n brau) made by my mom. When back home in India he will definitely once again become a chapati devotee, but for now he is in Chisinau, enjoying the taste and flavor of my mom’s baking.
Turcan Cazac and BULR Advise on Gedeon Richter’s sale of Moldovan Subsidiaries to Felicia Group
Turcan Cazac has advised Gedeon Richter Plc. on the sale of its Moldovan subsidiaries Gedeon Richter-Retea Farmaceutica SRL and Rihpangalfarma SRL to the Felicia Group. Brodsky Uskov Looper Reed & Partners advised the buyer.
Sayenko Kharenko, Gladei & Partners, and Turcan Cazac Among Firms Advising on Trans-Oil Group USD 400 Million Eurobond Issuance
Sayenko Kharenko, Turcan Cazac, Linklaters, and Homburger have advised joint lead managers and bookrunners Citigroup, ING, and Renaissance Capital on the USD 400 million issuance of 8.45% secured notes due 2026 by the Trans-Oil Group of Companies. Gladei & Partners, Baker McKenzie, Arthur Cox, and Harneys Aristodemou Loizides Yiolitis advised the issuer and the guarantors.
Moldova: Review of Real Estate Regulations
Recent reforms in Moldovan legislation will promote the real estate industry and simplify the country’s tax regime. The strong commitment that Moldovan authorities have recently demonstrated to attracting foreign investment has led to significant reform. In addition, the country’s geopolitical position and its attractive labor force make Moldova of new interest on the world’s tax map.
Cobzac & Partners Successful for Latvian Client in Challenge of Moldovan Arbitration Award
Cobzac & Partners has successfully represented Latvia's SIA Fertco fertilizer distributor in its attempt to obtain the partial annulment of an arbitral award in Moldova's courts.
MDS Legal Successful for Just-Us Air in Arbitration with Air Moldova
Mitroi, Damian, Serbu & Associates and Ireland's Crowley Millar Solicitors have successfully represented Romanian airline Just-Us Air in arbitration with Air Moldova, the largest Moldovan airline.
The Buzz in Moldova: An interview with Roger Gladei of Gladei & Partners
“Finally, there has been some positive movement on the political scene,” says Gladei & Partners Managing Partner Roger Gladei, referring to Moldova’s Presidential elections last November. “President Maia Sandu’s win marked the beginning of a new political era for Moldova,” he says. “At least that’s the sentiment in the streets.” As the presidency is expected to make a dramatic 180 degree turn towards the West, President Sandu presents a strong contrast to the previous, more Russia-friendly administration.
Capital Markets in Moldova
Contributed by ACI Partners.
CEELM Covid-19 Comparative Legal Guide: Contracts in Moldova
Contributed by Schoenherr
Inside Insight: Interview with Igor Andries
Igor Andries is the Head of Legal & Regulatory at Orange Moldova.