Filip & Company has advised both Inform Lykos Romania and entrepreneur Octavian Radu on setting up a joint-venture holding company that took over Pink Post Group’s postal and courier services business and the postal volumes aggregation business operated by the Inform Lykos group.
Nyerges & Partners Advises Eurowind Energy on Another 48-Megawatt Wind Project Acquisition in Romania
Nyerges & Partners has advised Eurowind Energy on its second acquisition of a 48-megawatt wind project in South-Eastern Romania.
Did You Know: 12-Month CEE Energy/Natural Resources Leaderboard
Did You Know that, according to the Activity Rankings function of the CEELMDirect website, only eleven lawyers in CEE have worked on four or more reported Energy/Natural Resources deals in CEE since March 1, 2022?
Stratulat Albulescu and Stalfort Advise on Sale of Stera Chemicals to Oqema
Stratulat Albulescu has advised the main shareholder of Stera Chemicals on the sale of 70% of their stake in Stera to the Oqema Group. Stalfort and, reportedly, Kapellmann advised Oqema AG in Romania and Germany, respectively.
Dascalescu Nicolae & Partners Opens Doors in Bucharest
Former PNSA Attorney Alexandru Nicolae and former Prosecutor Liviu Dascalescu have teamed up to establish the Dascalescu Nicolae & Partners law firm in Romania.
CEE Attorneys Boanta Gidei si Asociatii Advises Aplast Wood Industry on Sale of Logistics Assets to Viva Toys
CEE Attorneys Boanta Gidei si Asociatii has advised CEE Special Situations Fund portfolio company Aplast Wood Industry on its sale of a land plot near Bucharest including 12,500 square meters of logistics assets to Viva Toys.
Loredana Coras Joins PKO Bank Polski as a Legal Expert
Loredana Coras has joined PKO Bank Polski as a Legal Expert in Romania.
Brief Considerations on the Derogation From the Application of International Sanctions Established Under GEO 202/2008
In terms of recent updates, on 25 February the Council of the European Union adopted the tenth package of economic and individual sanctions against Russia in response to the armed conflict in Ukraine, coinciding with the one-year anniversary of Russia's full-scale invasion of Ukraine.
Noerr and CEE Attorneys Advise on Saint-Gobain Acquisition of Revco Hungary
Noerr has advised Saint-Gobain on its acquisition of plasters, paints, and coatings producer Revco Hungary. CEE Attorneys advised the sellers.
D&B David si Baias Advises Greek Public Power Corporation on Acquisition of Enel Group’s Romanian Assets
PwC Legal Romanian affiliate D&B David si Baias has advised the Greek Public Power Corporation on its acquisition of Enel Group’s electricity production, supply, and distribution assets in Romania. Milbank and Legance reportedly advised the PPC as well. Clifford Chance reportedly advised the seller.
Competition Law Challenges Faced by Romanian Companies in 2023: No-Poaching, FDI, Abuse of Superior Bargaining Position and More
2022 was a year of significant legislative changes in the field of competition, and 2023 is set to present several challenges for the business environment. This article discusses three of the most significant competition law challenges faced by Romanian companies in 2023: no-poaching, foreign direct investment (FDI), and abuse of superior bargaining position.
Collective Bargaining At Industry Sector LEVEL – Recent Amendments And Some Practical Aspects
It has recently been noted that social actors show a growing interest in concluding collective agreements at various levels, the justification being manifold: this either represents a way to retain employees, or it is an attempt to align to market practices, etc.
DORA – a New Chapter for the Financial and ICT Sectors
In December 2022, the European Parliament and the Council adopted Regulation (EU) 2022/2554 on digital operational resilience for the financial sector and amending Regulations (EC) no. 1006/2009, (EU) no. 648/2012, (EU) no. 600/2014, (EU) no. 909/2014 and (EU) 2016/1011 (the “Digital Operational Resilience Act” or “DORA”).
One Year After the Invasion of Ukraine: Latest Updates on Protection for Ukrainian Refugees in CEE
When the Russian military launched its invasion of Ukraine in February 2022, many countries in Central and Eastern Europe (CEE) responded immediately by amending their legal framework to provide shelter for Ukrainian refugees. These neighboring nations not only provided immediate humanitarian help, but also changed their immigration law to allow Ukrainian refugees to work and live in their country.
Nyerges & Partners Advises Shikun and Binui Energy on EUR 40.5 Million PV Project Financing from Raiffeisen Bank
Nyerges & Partners has advised Shikun and Binui Energy on a EUR 40.5 million loan from Raiffeisen Bank International AG and Raiffeisen Bank Romania for a 70-megawatt photovoltaic project in Satu Mare. CMS reportedly advised Raiffeisen Bank.
Clifford Chance and NNDKP Advise on Exigent Property Development EUR 57.8 Million Financing from OTP Group
Clifford Chance has advised Exigent Property Investment on its EUR 57.8 million financing agreement with OTP Bank Romania and OTP Plc. Nestor Nestor Diculescu Kingston Petersen advised OTP Bank.
Nyerges & Partners Advises Solarpro Holding on EPC Contract for Six PV Projects in Romania
Nyerges & Partners has advised the Solarpro Holding on the engineering, procurement, and construction contract concluded for the development of six photovoltaic projects with a total capacity of approximately 35 megawatts-peak in Mures, Romania.
Suciu Popa Successful for Libra Internet Bank on Revolut Accounts Garnishment Dispute
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.