On March 30, 2022, Dentons announced that KKR and Global Infrastructure Partners’ acquisition of CyrusOne (reported by CEE Legal Matters on November 22, 2021) has now closed.

Law 72/2022 on the enforcement of a tax amnesty for tax liabilities, including interest and penalties for late payment, imposed by the tax authorities following the reclassification of daily allowances as salary, was published in the Official Gazette on 31 March based on a bill submitted in September 2021.

Romania is a European Union member state located in the south-eastern part of Europe, with a surface of 38,397 square kilometres and a population of 19.41 million. Romania is positioned in the vicinity of several large markets, including the European Union, the CIS states and the Middle East, and is crossed by three pan-European transport corridors: no. 4 linking Europe from West to East, no. 9 from North to South and no. 7 facilitating inland water transportation on the Danube.

In view of the sustained rise in the prices of electricity and natural gas, the Romanian Government has been under increased pressure to extend the consumers support measures first introduced under Government Emergency Ordinance no. 118/2021 on the establishment of a compensation scheme for the consumption of electricity and natural gas covering the period 1 November 2021 – 31 March 2022, which received Parliamentary approval and further amendments under Law no. 259/2021 (Law 259/2021), as both have further been amended.

Filip & Company has advised the Tiriac Group on its sale of rights in and operations of the Mutua Madrid Open tennis tournament and the Acciona Open de Espana golf tournament to Endeavor Group's IMG UK. Linklaters, Prolaw Abogados, and Michael Kyprianou & Co reportedly advised the Tiriac Group as well. Latham & Watkins reportedly advised IMG UK and Endeavor.

Nestor Nestor Diculescu Kingston Petersen has successfully represented Societatea Nationala a Apelor Minerale (SNAM) in a mining royalty dispute before the High Court of Cassation and Justice of Romania.

Deloitte Legal affiliated firm Reff & Associates provided both sell-side and buy-side assistance on Elrond Network’s acquisition of Twispay.

Ijdelea & Associates has promoted Ancuta Pop and Siranus Hahamian to Partner.

The end of year 2021 marked the 10^th anniversary of the enactment of EU Regulation No. 1227/2011 of the European Parliament and of the Council of 25 October 2011 on wholesale energy market integrity and transparency (hereafter “REMIT” or “the Regulation”). On this occasion, the 5^th REMIT Forum was organized as a series of virtual events on 25, 26 and 28 October 2021 (“2021 REMIT Forum”). The introductory webinar to REMIT and the main plenary session were followed by special interest groups sessions on data, reporting and technology as well as on the 6^th Edition of ACER Guidance on the application of REMIT (“ACER Guidance”). Conclusions of the 2021 REMIT Forum will be revealed in different contexts throughout our own series of articles aimed at marking the occasion.

Crowdfunding is a fast-growing financing alternative, but in order to develop, it needs specific legislation to clarify how investors and interested companies can access this mechanism.

Former Partners of Cluj-Napoca-based Vertis Legal Dan Irimie, Grigore Pop, and Madalina Andrei-Bunea have left the firm to set up Irimie-Pop-Andrei – IPA Legal. 

On 22 March 2022, Emergency Government Ordinance no. 27/2022 on the applicable measures for final customers on the electricity and natural gas market for the period from 1 April - 31 March 2023 was published in the Official Gazette and entered into force.

Buzescu Ca has advised Kautex Textron on leasing an office and plant building from Colbus.

Tuca Zbarcea & Asociatii has advised a club of local banks, led by arranger, facility agent, and security agent OTP Bank Romania S.A., on a RON 431 million syndicated facility agreement for the financing of Aaylex One group. Nestor Nestor Diculescu Kingston Petersen advised Aaylex One on the deal.

DLA Piper has advised the PNE Group on the sale of a solar project in Romania to Econergy. Vlasceanu, Nyerges & Partners advised the buyer. 

On April 5, 2022, leading lawyers from across all of CEE will be coming together for the Dealer's Choice Conference and Deals of the Years Awards Banquet. Leading up to the event, we spoke with Vladimir Rangeloff of Kambourov & Partners to learn what they are looking forward to the most.

Contributed by CMS.

On April 5, 2022, leading lawyers from across all of CEE will be coming together for the Dealer's Choice Conference and Deals of the Years Awards Banquet. Leading up to the event, we spoke with Silvije Cipcic-Bragadin of Cipcic-Bragadin Mesic and Associates to learn what they are looking forward to the most.