Real estate is going through a transitional period, the Recovery and Resilience Plan's short deadlines are creating both pressure and legal work, while sustainability and waste management take center stage in Romania, according to Popescu & Asociatii Partner Loredana Popescu.

Popovici Nitu Stoica & Asociatii has advised Redport Capital on its EUR 3.2 million acquisition of over one hectare of land in the Petrom City area from Havi Logistics. Musat & Asociatii reportedly advised Havi.

The Bucharest-based Iulia Berea Law Office and the Budapest-based Chen Law Firm have joined the BLS-CEE network. The two firms' respective Managing Partners – Iulia Berea and Chen Chen – have also joined BLS-CEE as Collaborating Partners.

Contributed by MPR Partners.

After years of anticipation and waiting, 2023 appears to be the year in which crypto-assets, as major applications of blockchain technology in finance, will be finally regulated by the European Union („EU”) legislation, namely, by the Regulation on Markets in Crypto Assets (“MiCA Regulation”), which is susceptible to affect the rights, obligations and interests of many existing and future generation of businesses and investors across the globe.

Former Telekom Romania Data Protection Officer George Manea has joined KPMG Legal Toncescu si Asociatii as a Senior Managing Associate and Head of the firm’s Life Sciences, Technology & Compliance practice.

Clifford Chance and its Turkish affiliate Ciftci Attorney Partnership have advised Arcelik on the establishment of a joint venture between its Ardutch subsidiary and Whirlpool Corporation subsidiary Whirlpool EMEA Holdings to create a new standalone business in the European home appliances sector. Latham & Watkins advised Whirlpool.

Dentons has advised NEPI Rockcastle on a EUR 60 million green financing for Ploiesti Shopping City from a syndicate of lenders led by BRD Groupe Societe Generale. 

Law no. 40/2023 amending the Offshore Safety Law no. 165/2016 (Law 40) is applicable as of January 18, 2023.

On November 16, CEE Legal Matters reported that Popescu & Asociatii had successfully represented the interests of the City of Sinaia in a construction dispute. CEE In-House Matters spoke with Vlad Oprea, the Mayor of Sinaia, to learn more about the matter.

Stratulat Albulescu has advised Rockpool on its investment in EC Electronics. Reportedly, Taylor Wessing advised Rockpool as well, while Penningtons Manches Cooper advised EC Electronics.

After lengthy debates in the Parliament, the new Social Dialogue Law, i.e. Law no. 367/2022 was published in the Official Gazette no. 1238/2022 on December 22, 2022, the lawmakers opting to expressly repeal the “famous” Law no. 62/2011 with the entry into force of the new legislative framework, which is not at all surprising considering the many changes brought on by the new law.

Vlasceanu & Partners has advised the Photon Energy Group on the development of several renewable energy projects in Romania with a total capacity of roughly 27 megawatts.

Law 39/2023, which was published in Official Gazette No. 40/13.01.2023, contains important amendments to the Romanian Fiscal Code.

It’s been four years since we sat down with Octavian Popescu, Managing Partner at Popescu & Asociatii, and discussed what was at that time the new firm’s perspective and its future plans. We reached out again, on the firm’s Fourth Anniversary, to see how those plans have been progressing and chart the firm’s development.

In 2019, Directive (EU) 2019/1937 of the European Parliament and of the Council of 23 October 2019 on the protection of persons who report breaches of Union law (the "Directive") was adopted at the European Union level.

Former Osborne Clarke CEO Simon Beswick has joined Kinstellar’s Board of Directors as a non-executive member.

Cytowski & Partners has advised Romanian start-up Digitail on its USD 11 million series A financing round with Atomico and the participation of byFounders, Partech Ventures, and Gradient. US-based Stradling Yocca Carlson & Rauth and the UK's Fladgate reportedly advised Atomico.