Revnic Cristian & Associates has successfully represented the Declic association before the Cluj County Court in challenging the legality of the environmental permit for a gold and copper mining project operated by Canada's Euro Sun Mining and its Samax Romania subsidiary in the Apuseni mountains in Hunedoara County.

On November 2, 2023, Act Botezatu Estrade Partners announced that Louis Delhaize’s sale of Cora's Romanian operations to the Carrefour Group (as reported by CEE Legal Matters on May 8, 2023) had closed.

Clifford Chance Badea has advised private investment fund JC Flowers & Co on its sale of Romania's First Bank to Intesa Sanpaolo. RTPR advised the Intesa Sanpaolo Bank.

Peli Partners has advised the Mitsubishi Chemical Group on the transfer of its Qualicaps shares to Roquette Freres.

White & Case and RTPR have advised MidEuropa on its EUR 1.3 billion sale of Romania's Profi supermarket chain to Dutch-Belgian listed retail and wholesale company Ahold Delhaize. CMS and, reportedly, GNP Guia Naghi & Partners advised Ahold Delhaize on the acquisition.

DLA Piper has advised Romanian grain and oilseed trader East Grain on the sale of a majority stake in the company and its Hungarian subsidiary to the Czech Republic's Agrofert group. Schoenherr advised the buyer.

Wolf Theiss has advised CVI on subscribing to all the bonds issued by Romania's Impact Developer & Contractor in a recent corporate note issuance worth EUR 8 million. Nestor Nestor Diculescu Kingston Petersen reportedly advised the issuer.

RTPR has advised IPS Solutions on its acquisition of a majority stake in Romania's Avaelgo. LC Legal Proof advised Avaelgo founder and owner Mihai Tataran on the sale.

On October 30, 2023, Milbank announced that the Greek Public Power Corporation’s acquisition of the Romanian assets of the Enel Group (reported by CEE Legal Matters on March 30, 2023) had closed.

On 26 September, the Romanian Government approved by way of Law No. 296/2023 (the “Law”) important fiscal measures intended to reduce the budget deficit and ensure long-term financial stability. After multiple debates, the Law was published in Official Gazette No. 977 of 27 October 2023.

Filip & Company has advised Romanian book-borrowing company Bookster on the setup and launch of its Booksprint self-publishing platform aimed at aspiring authors.

Despite limited summer market activity, optimism prevails in Romania, with Schoenherr Partner Narcisa Oprea citing a successful EUR 1.9 billion IPO and increased private sector interest amid quite a few likely regulatory improvements still to come.

On 7 June 2023, Bucharest Tribunal annulled, in the first instance, the zonal urban plan („ZUP”) of the 2^nd District and suspended its effects until the final resolution of the case file, noting that it reduced green spaces, allowing the construction on tens of hectares of such areas, including areas occupied by parks, lakes, sports fields, etc. The case file is currently in appeal before Bucharest Court of Appeal[1].

Can one or more of a company's shareholders claim that a transfer of shares to third parties by other shareholders is null, even if the claimants were not interested in acquiring those shares? And when faced with such a claim, would Romanian courts rule in favour of the claimant? A recent court ruling has answered both questions with a resounding "yes", opening new horizons in M&A-related matters in Romania.

Stratulat Albulescu, working with Taylor Wessing, has advised the Mitel Group on its acquisition of Unify from the Atos Group. Garrigues and Mattos Filho reportedly advised Mitel as well. The French office of Baker McKenzie reportedly advised Atos.

It may come as no surprise to interested parties (such as textile and footwear producers, environmental specialists and activists) that the European Commission has proposed a targeted revision of the Waste Framework Directive to address the issue of textile waste (the “Proposal”).

Noerr has advised Romanian corrugated cardboard and tissue paper company Vrancart on the National Recovery and Resilience Plan financing for its construction of a 20-megawatt photovoltaic park.

Romanian lawyer Andreea-Paula Armanu-Costache has joined the European Investment Fund as a Legal Counsel in Luxembourg.