Popovici Nitu Stoica & Asociatii has successfully represented Azomures before Romania's High Court of Cassation and Justice in a dispute hinging on intra-group tax relations.
RTPR and Filip & Company Advise on Arobs' Acquisition of Infobest
Radu Taracila Padurari Retevoescu has advised Arobs Transilvania Software on the acquisition of Infobest Romania from founders Yvonne Abstoss-Becker and Christian Becker. Filip & Company, working with PPR & Partner Pape Rauh, advised the sellers.
Clifford Chance and Filip & Company Advise on Romania's Issuance of Green and Conventional Bonds Totaling EUR 4 Billion
Clifford Chance has advised the arranging banks – Citi, Erste, HSBC, JP Morgan, and Societe Generale – on Romania's first issuance of green bonds, to the tune of EUR 2 billion, and simultaneous EUR 2 billion issuance of conventional bonds. Filip & Company, working with Linklaters, advised Romania's Ministry of Finance.
Significant Changes Envisaged to Grid Connection for New Power-Generation Capacities in Romania
The Romanian Energy Regulatory Authority (“ANRE”) has announced important amendments to the rules for connecting new power-generation capacities to the public network.
Romanian PPP Legislative Saga….Are We There Yet?
A new piece of the complex puzzle of public private partnerships in Romania came recently into the form of a new law, namely Law no. 7/2024 for the approval of Government Emergency Ordinance no.39/2018 on PPP (“Law 7/2024”), which brings significant amendments to the PPP regime. Also, in order to further support the recourse to the PPP tool, the Public Investment Management Unit within the Ministry of Finance commissioned a technical assistance project with DG Reform following which a comprehensive package of guides were published on 9 February 2024 on the website of the Ministry of Finance, with the aim to facilitate the understanding by the public sector of this tool, in order to increase its use in practice.
Teodorescu Partners and ZRVP Advise on Autonom Protect Acquisition of Nova Ria24
Teodorescu Partners has advised Autonom Protect on its acquisition of a majority stake in Romania's Nova Ria24 from Nicoleta Zamfir. Zamfirescu Racoti Vasile & Partners advised the seller.
Carolina Baloleanu Joins Nyerges & Partners To Strengthen Banking & Finance and M&A
Former Eversheds Sutherland Partner Carolina Baloleanu has joined Nyerges & Partners in Bucharest as a Counsel to advise on banking/finance and M&A matters.
DLA Piper and Rizoiu & Poenaru Advise on Affidea Acquisition of Three Explora Clinics in Romania
DLA Piper and Rizoiu & Poenaru have advised Affidea Romania on its acquisition of the local network of three Explora clinics in Suceava.
CMS and Filip & Company Advise on Banca Transilvania Purchase of OTP Bank Romania
CMS has advised the OTP Group on the binding agreement to sell its stake in OTP Bank Romania and all subsidiaries to Banca Transilvania for a combined purchase price is EUR 347.5 million. Filip & Company advised Banca Transilvania on the acquisition.
Retrospective of Last Year and Predictions for 2024 in Real Estate
For us, 2023 was a stable year, with constant and varied activity in the real estate field, despite the less favorable context, characterized by high inflation, geopolitical instability and the impact on the economy. Our team has successfully completed several transactions, “pure” real-estate and especially transactions with a predominant M&A component. We were happy to notice a series of projects with 100% Romanian capital, initiated in 2023 and completed in the same year, targeting especially companies that have expanded and diversified their portfolio.
Schoenherr Advises Enery on Ten-Year Renewable Energy VPPA with Dreher Breweries
Schoenherr has advised Enery on its ten-year virtual cross-border power purchase agreement with Asahi Europe & International's Dreher Breweries in Hungary.
DLA Piper Advises Aegean Airlines on Sale of Animawings to Romania's Christian Tour Holding
DLA Piper has advised Greek flag carrier Aegean Airlines on the sale of charter operator Animawings to Christian Tour Holding.
Mergers & Acquisitions and Intellectual Property
In the context of mergers & acquisitions (M&A), Intellectual Property (IP) plays an extremely important role in assessing the value and risks associated with the target company.
Stratulat Albulescu Advises Tobii on Acquisition of AutoSense and Imaging Businesses from Xperi
Stratulat Albulescu has advised Tobii on the acquisition of the AutoSense and Imaging businesses from Xperi.
PeliPartners Advises Adventum Group on Office Lease Renewal for Genpact in Hermes Business Campus
PeliPartners has advised the Adventum Group on the lease extension agreement with Genpact Romania for business premises in the Hermes Business Campus, in northern Bucharest.
Schoenherr Advises TeraPlast on Wolfgang Freiler Group Acquisition
Schoenherr has advised the TeraPlast Group on its acquisition of the Wolfgang Freiler Group from Austria's Uhl family.
Vires in Numeris – Romania transposes EU regulated class action institution
In 1998, in the aftermath of the most famous class action in history, Philip Morris and three other tobacco companies had to pay a $ 206,000,000,000 settlement covering medical costs for smoking-related illnesses.
Intended Changes to the Grid Connection Rules in Romania – The Auction-Based Mechanism and New Rules on Financial Guarantees
On 1 February 2024, the National Energy Regulatory Authority (ANRE) in Romania published for consultation an order aimed at approving new rules in the power grid connection sector.