Photon Energy Group’s Deputy Group Legal Counsel Florina Mariana Homeghiu discusses her approach to managing legal budgets, including trends in costs and effective cost-cutting strategies.
Reflecting on Budgets
Managing budgets in big companies could be seen at the same time as art and as a challenge. And art should never be under pressure.
The Right Skills for the Job: An Interview with Clementina Canel of FEPRA EPR
FEPRA EPR Head of Legal and Compliance in Romania Clementina Canel talks about the skills she focuses on developing within her in-house legal team and the strategies she uses toward that.
Whistleblowing: Global Solutions with Local Flavors
With the Whistleblowing Directive implemented into local legislation, whistleblowing has become an essential topic in companies. As national interpretations of the directive on whistleblowing have made it mandatory for organizations to introduce reporting channels and protective measures, businesses must navigate a more stringent and complex legal landscape.
Romania to Introduce Stricter Compliance Rules for Crypto-Asset Service Providers
Romania’s National Office for the Prevention and Control of Money Laundering has recently published a draft of an Emergency Ordinance amending and supplementing Law no. 129/2019 on the prevention and control of money laundering and terrorist financing (the Emergency Ordinance) in order to harmonise domestic legislation with the provisions of Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purpose of money laundering or terrorist financing (the Fifth AML Directive), as amended by Regulation (EU) 2023/113 of the European Parliament and of the Council of 31 May 2023 on information accompanying transfers of funds and certain crypto-assets (the MiCAR).
Is the Omission to Submit an Invoice in the National e-Invoicing System on a Saturday Punishable? More Details About the Deadline of 5 Calendar Days
We have begun our analysis of how to calculate the five-calendar day period specified in Art. 10 para. (7) of the Emergency Ordinance 120/2021 on the management, operation and implementation of the national e-invoicing system RO e-Factura[1] (“GEO 120/2021”) in the context of the Ministry of Finance’s LinkedIn post of August 2024, namely:
Slow to Address Romania's Healthcare Ills: A Buzz Interview with Dominic Morega of Tuca Zbarcea & Asociatii
With a growing economy but significant structural deficits, Romania’s healthcare system struggles with underfunding, slow approval processes, and high taxes, making access to new therapies a slow and challenging endeavor, according to Tuca Zbarcea & Asociatii Managing Associate and Head of Pharma and Medical Devices Dominic Morega.
Andreea Zvac, Oleg Temnikov, Stefan Horn, and Alexander Zollner Make Partner at Wolf Theiss
Wolf Theiss has promoted former Counsels Andreea Zvac, Oleg Temnikov, Stefan Horn, and Alexander Zollner to Partner.
The Identity of an Economic Entity Within a Business Transfer in Light of Directive 2001/23 and CJEU Practice
The business transfer inevitably impacts on employment relationships, a context in which the identity of the economic entity has been the subject of exhaustive analysis in recent case-law of the Court of Justice of the European Union (CJEU).
Dentons Advises Resource Partners on Acquisition of Vola and FRU
Dentons has advised Resource Partners on its acquisition of an 80% stake in Interactive Travel Holdings, the parent company of the Romanian brand Vola.ro and Polish brand FRU.pl, which also operates in Bulgaria and Moldova, from 3TS Capital Partners and the Polish co-founders of FRU.pl. CMS and DLA Piper reportedly advised the sellers.
RTPR Advises Sarmis Capital on Acquisition of AEK Security, AEK Firefighters, and Deziclean
RTPR has advised Sarmis Capital on its acquisition of AEK Security, AEK Firefighters, and Deziclean. Filip & Company reportedly advised the AEK-Deziclean Group.
Popa Legal Opens Doors in Bucharest
Former Suciu Popa Partner Luminita Popa has left the firm to establish Popa Legal.
Suciu Popa Becomes Suciu Partners
Suciu Popa has announced it is rebranding as Suciu Partners following former Partner Luminita Popa's departure. Founding Partners Cleopatra Leahu and Dan Ciobanu were appointed as Deputy Managing Partners alongside Managing Partner Miruna Suciu. The firm also appointed Partner Mihai Caragui as its new leader of the corporate and advisory departments, Partner Radu Chiran – as its new coordinator of the litigation and arbitration practices, and promoted Noemi Siman to Partner.
PeliPartners Advises on Sale of LPG Maritime Terminal in Romania
PeliPartners has advised Bogdan Idu and his group companies on the sale of an LPG maritime terminal in Romania to Nawaf Salameh Family Office Group.
Kinstellar Completes Acquisition of Noerr’s Bratislava, Bucharest, and Prague Offices
Kinstellar has announced it successfully completed the acquisition of Noerr’s Bratislava, Bucharest, and Prague operations.
RTPR and Stratulat Albulescu Advise on Sale of 123FormBuilder to Kiteworks
RTPR, working with A&O Shearman, has advised 123FormBuilder shareholders 212 Regional Fund II, Catalyst Romania, Florin Cornianu, and Adrian Gheara on the sale of the company to Kiteworks. Stratulat Albulescu advised Kiteworks.
Current Challenges Regarding the Exclusion of Shareholders in Limited Liability Companies
The exclusion of shareholders has been seen over the years as a specific procedure aimed at safeguarding companies, in case of a serious breach of the legal and contractual obligations of the shareholders or in case of events with legal effects on some shareholders – resulting in the loss of the “unanimous” consent expressed as affectio societatis (consisting in the shareholders’ intention to cooperate in running the business to achieve and share the benefits).
Lucian Bozian Promoted to Partner at D&B David si Baias
PwC Legal-affiliated D&B David si Baias has promoted Lucian Bozian to Partner.