Suciu Popa has successfully represented the Libra Internet Bank before a court of law by securing the rejection of garnishment validation for money held in Revolut accounts. 

CMS has advised DPE Deutsche Private Equity on the sale of its stake in the VTU Group to winning bidder Altor Fonds. Milbank and E+H advised Altor Fonds.

Corporate investigations, though a relatively new concept in Romania, are increasingly becoming common among large companies operating in the country.

Radu Taracila Padurari Retevoescu has advised Zarea on its acquisition of a 70% stake in the Domeniile Dealu Mare Urlati group. The Carmen Medar Law Office advised the seller.

Deloitte Legal Romanian affiliate Reff & Associates has successfully represented NEPI Rockcastle’s Promenada Mall Bucharest before the Bucharest Court in an urban planning-related administrative dispute resulting in the end of the suspension of the Urban Plan for Bucharest's Second District.

Former Senior Privacy & Technology Consultant Cristina Cretu has been promoted to a Partner position with MPR Partners in London on March 1, 2023.

On February 16, 2023, CEE Legal Matters reported that Dentons had advised a banking consortium on their EUR 155 million financing for the 103.3-megawatt Krivaca wind farm project co-owned by Serbia’s MK Group and Slovenia’s ALFI Green Energy Fund. CEELM reached out to Dentons Partner Simon Dayes to learn more about the financing.

In March 2023, the law offices of Andra-Roxana Trandafir and Irina-Ioana Kuglay have joined forces to form a new law firm in Romania: Kuglay & Trandafir – Attorneys at law.

Nyerges & Partners has advised Shikun & Binui Energy on the engineering, procurement, and construction agreement with CJR Renewables for the development of a 69.5 megawatt-peak project in Satu Mare, Romania.

Filip & Company has advised Instant Factoring on a EUR 600,000 financing from several investors including MicroEurope.

Serious crimes, such as tax evasion, corruption offenses, or money laundering provoke serious responses from law enforcement authorities. When such offenses are committed, the law provides for compulsory precautionary measures to be taken against the assets of the offenders, at any stage of the criminal proceedings.

In “The Corner Office” we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. With a rough year drawing to a close, and market uncertainties running high, the question this time: If you had a million dollars, what would you invest it in today?

According to Law no. 17/2014 on the regulation of the sale of agricultural land located outside a built-up area (Ro. extravilan), an 80% tax applies to the sale of such land if it is sold before the expiry of 8 years from its purchase.

Filip & Company Counsels Cristina Tudoran and Silviu Vasile have been appointed as Partners with the firm.

BPV Grigorescu Stefanica has advised Omnia Capital on its acquisition of Dumagas from Bancroft.

Voicu & Filipescu has successfully represented a client before the court of first instance and on appeal in a medical malpractice case, being awarded RON 550,000 in damages.

Former Vlasceanu, Nyerges & Partners Partner Mihaela Nyerges has established Nyerges & Partners in Romania, with the new firm opening for business on January 1, 2023.

A two-and-a-half-year deadlock impeding the sale of Romanian farmland located outside buildable areas and acquired less than eight years ago seems to have been finally cleared. On 2 February 2023 a much-awaited normative act came into effect, filling a series of legislative gaps and allowing public notaries to authenticate sale agreements for certain types of farmland located outside buildable areas.