Filip & Company has advised Promateris shareholders Florin Pogonaru and Tudor Georgescu on the sale of a 24% stake in their company to Paval Holding.
D&B David and Baias Advise Data Art on Acquisition of Lola Tech
PwC Legal Romanian affiliate D&B David and Baias has advised DataArt on its acquisition of Lola Tech.
Stoica & Asociatii Successful for Aqua Carpatica in Trademark Litigation
Stoica & Asociatii has successfully represented Aqua Carpatica before the Romanian High Court of Cassation and Justice in a trademark litigation dispute.
Filip & Company Advises Alesonor on Partnership with Pescariu Sports & Spa
Filip & Company has advised Alesonor Real Estate Development on its partnership with Pescariu Sports & Spa for the development of the sports center and leisure areas within Alesonor's Amber Forest project in Romania.
Romania: New Employment Rules for Microenterprises
Law no. 275/2022 to repeal Government Emergency Ordinance no. 37/2021 to amend and supplement Law no. 53/2003 - Labour Code has been published in the Official Gazette of Romania, Part I, no. 961 of 3 October 2022 (“Law 275/2022”).
Bogdan Bularda Makes Partner at Grecu & Asociatii
Bogdan Bularda has been promoted to Partner with Grecu & Asociatii in Romania.
RTPR Advises Integral Venture Partners on Investment in Medima Health
Radu Taracila Padurari Retevoescu has advised Integral Venture Partners on its investment in Medima Health. Schoenherr reportedly advised Medima Health majority shareholder Morphosis Capital Fund I.
Alexander Turcan Elected President of Chisinau Bar
Turcan Cazac Managing Partner Alexander Turcan has been elected President of the Chisinau Bar.
Boyanov & Co Among Plethora of Firms Advising on BioIVT’s Acquisition of Fidelis Research
Boyanov & Co has advised BioIVT on its acquisition of Fidelis Research. Divjak Topic Bahtijarevic & Krka, BDK Advokati, Nestor Nestor Diculescu Kingston Petersen, and Kolcuoglu Demirkan Kocakli have advised BioIVT on Croatian, Serbian, Romanian, and Turkish law-related matters, respectively. Hristov & Partners advised Integrity Capital Investments on the sale. Penkov Markov & Partners advised the other sellers.
Wolf Theiss and D&B David and Baias Advise on Sale of Dacia Plant to Ceres Pharma
Wolf Theiss has advised Dacia Plant shareholders Calin Ioan Ianta and Radu Ionescu-Heroiu on the sale of a majority stake in the company to Ceres Pharma. PwC's Romanian affiliate D&B David and Baias advised Ceres Pharma on the deal.
Freshfields, Rymarz Zdort, and Filip & Company Advise on One Equity Partners’ Acquisition of Muehlhan Business
Freshfields Bruckhaus Deringer, Rymarz Zdort, and Filip & Company have advised One Equity Partners on its acquisition of Muehlhan’s European and US businesses. Reportedly, Eversheds Sutherland member firm Tsvetkova, Bebov & Partners advised the buyer in Bulgaria, while Bech-Bruun, Georgiades & Pelides, and CLP advised the buyer in Denmark, Cyprus, and Norway.
RTPR Advises Founders of Qualitance on Sale to Alten
Radu Taracila Padurari Retevoescu has advised Qualitance founders Radu Constantinescu and Ioan Iacob on the sale of the company to Alten. CMS reportedly advised Alten on the acquisition.
Glodeanu & Partners Advises INVL on Acquisition of Another Solar Portfolio in Romania
Glodeanu & Partners has advised the INVL Renewable Energy Fund I on its acquisition of a 102.7-megawatt portfolio of solar projects in Romania.
Dentons and Dimitrijevic & Partners Advise on Financing for Mtel in Bosnia and Herzegovina
Dentons and Dimitrijevic & Partners have advised coordinator, bookrunner, and mandated lead arranger UniCredit on a EUR 90 million term loan facility for Mtel Banja Luka. Solo practitioner Loren Richards reportedly advised the borrower.
ZRVP Successful for OMV Petrom in ICC Arbitration
Zamfirescu Racoti Vasile & Partners has successfully represented OMV Petrom in ICC arbitration proceedings regarding a dispute with a contractor.
Ana-Maria Filip and Bogdan Toma Make Partner at Dragne & Asociatii
Former Managing Associates Ana-Maria Filip and Bogdan Toma have been appointed as Partners with Dragne & Asociatii as of September 1, 2022.
Romania: HR Challenges and the New Whistleblowing Act
The Whistleblowing Act in Romania (currently in the form of a revised bill, again waiting for a final vote in the Parliament) has been hotly debated over and over again during the past year: authorities, consultants, lawyers, employers and anti-fraud specialists have been going through the bill in detail and working out the challenges it will raise, both for public entities and private companies.
Romania: Changes to Income Tax on Salaries - Maximum Benefit at Minimum Cost
According to the latest figures from the National Institute for Statistics and other public information, the annual inflation rate has continued to rise and, at 15.32% in August, reached its highest rate in 20 years. Inflation has been rising at a galloping rate over the past year, both globally and nationally.