On January 4, 2024, Boyanov & Co announced that the EUR 1.4 billion sale of Cargo-Partner subsidiaries to Nippon Express (reported by CEE Legal Matters on May 17, 2023) had closed.
Kinstellar Advises on EUR 800 Million Financing for AmRest
Kinstellar, working with Linklaters' Madrid office, has advised a consortium of lenders on their EUR 800 million financing for AmRest. Uria Menendez reportedly advised AmRest.
Firon Bar-Nir Advises David Shmuely on Bucharest Residential Project Development
Firon Bar-Nir has advised David Shmuely on the development of a Bucharest residential project through a partnership with a Turkish real estate developer.
Corporate Environmental Criminal Responsibility in the Waste Management Field: Current and Future Offences, Sanctions and Best Practices for Prevention
In a significant development, a provisional agreement between the Council presidency and the European Parliament has set the stage for a proposed EU law targeting businesses involved in waste generation, operation, or disposal. The agreement, which took place late last year, reflects a commitment to stricter penalties for environmental crimes, doubling the number of offences from the soon-to-be-replaced Directive 2008/99/EC.
Laura Neacsu Makes Partner at Stalfort in Bucharest
Stalfort Energy & Environmental Practice Group Coordinator Laura Neacsu has been promoted to a Partner position with the firm.
Andrei Croitoru and Iustina Oblu Make Partner at Act Legal Romania
Former Counsels Andrei Croitoru and Iustina Oblu have been appointed as Partners with Act Botezatu Estrade Partners.
The Corner Office: Budget, Budget, Budget
In The Corner Office, we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. With 2023 marching to an end, we looked ahead and asked about strategies for next year: As the budgeting period is around the corner, compared to 2023, what are the main budgeting lines you expect to increase for 2024 and why?
Romania: The VAT Deduction Right on the Acquisition of Intercompany Services
The VAT deduction right is probably the most important topic in the VAT system of the European Union. This is also confirmed by the jurisprudence of the Court of Justice of the European Union, where it represents the most addressed subject.
Schoenherr and Tuca Zbarcea & Asociatii Advise on OMV Petrom and Renovatio Partnership
Schoenherr and sole practitioner Mihaela Aliman have advised Renovatio on its two-pronged transaction with OMV Petrom concerning the sale of a 50% stake in 1-gigawatt renewable projects company Electrocentrale Borzesti and the sale of Renovatio Asset Management, operating more than 400 electric-vehicle charging points in Romania. Tuca Zbarcea & Asociatii advised OMV Petrom.
Schoenherr Advises PESA on EUR 223 Million Contract with Romanian Railway Reform Authority
Schoenherr has advised Polish rolling stock manufacturer Pojazdy Szynowe PESA Bydgoszcz on a public procurement contract with the Romanian Railway Reform Authority for the delivery of 20 long-distance electric multiple-unit trains.
RTPR and BSMP Advise on Macquarie Asset Management Sale of CEZ Vanzare to Premier Energy
RTPR has advised Macquarie Asset Management on the sale of CEZ Vanzare to Premier Energy. BSMP Bohalteanu & Asociatii advised Premier Energy.
PGC Partners Advises MediFood International on Entering Romanian Market
PGC Partners has advised MediFood International on entering the Romanian market and the establishment of its Romanian operations.
Ijdelea & Associates Helps Nano Energies Obtain License from Romanian Energy Regulatory Authority
Ijdelea & Associates has advised the Romanian subsidiary of Nano Energies on obtaining a license from the Romanian Energy Regulatory Authority "for the aggregation of both producers and consumers."
Wolf Theiss and DLA Piper Advise on DRIM Daniel FMCG Sale to Zabka Polska
Wolf Theiss has advised the shareholders of Romania's DRIM Daniel FMCG on the sale of their majority stake in the company to Polish retail company Zabka, part of CVC Capital Partners. DLA Piper advised buyer Zabka Polska.
Tuca Zbarcea & Asociatii Advises Amethyst Radiotherapy Group on Sale of Buildings to BT Property Alternative REIF
Tuca Zbarcea & Asociatii has advised the Amethyst Radiotherapy Group on the sale and lease-back of three buildings to the BT Property Alternative Real Estate Investment Fund.
RTPR and PeliPartners Advise on Black Sea Fund Acquisition of Gymboland
RTPR has advised the Black Sea Fund on its acquisition of Gymboland in Romania. PeliPartners advised Gymboland.
Schoenherr and Glodeanu & Partners Advise on Kommunalkredit Financing for INVL Solar Plants in Romania
Schoenherr has advised Kommunalkredit Austria on a EUR 25 million loan to the INVL Renewable Energy Fund I to finance the construction of solar power plants with a total capacity of 51 megawatts in Romania. Glodeanu & Partners advised the INVL fund. Sorainen reportedly advised Kommunalkredit as well.
Suciu Popa Advises Meta Estate Trust on Partnership with APX for Cotroceni Residential Project
Suciu Popa has advised the Meta Estate Trust on its partnership agreement with developer APX Immo Property to erect a "21-apartment premium real estate project within the Cotroceni area" of Bucharest.