Emergency Ordinance No. 58/2022 amending and supplementing consumer protection acts (“GEO No. 58/2022”) was published in the Official Gazette, Part I, No. 456 of 6 May 2022. The act entered into force on 28 May 2022.
Zamfirescu Racoti Vasile & Partners Provides Pro Bono Assistance to Colectiv Club Victims
Zamfirescu Racoti Vasile & Partners has provided pro bono legal assistance to 45 survivors and persons close to the victims of the Colectiv Club fire before the magistrates of the Bucharest Court of Appeal.
Head of Legal Monica Paraschiv Goes (Enel) Green
Former Enel Romania Head of Legal has joined Enel Green Power as its Head of Legal in Bucharest.
Musat & Asociatii Advises Catted Group on Financing from Libra Internet Bank
Musat & Asociatii has advised the Catted Group on the financing provided by Libra Internet Bank for the development of the Catted Family residential project.
Stratulat Albulescu Advises Machinations.io on USD 3.3 Million Series A Funding Round
Stratulat Albulescu, working with Luxembourg-based Bonn Steichen and Partners, has advised Machinations.io on a USD 3.3 million USD Series A round. White & Case's London office reportedly advised Hiro Capital, who led the round.
Romania: New Fiscal Incentives and Changes in Taxation of Capital Gains for Individuals
GEO no. 67/2022, published in the Official Gazette on 23 May 2022, enforces the application of fiscal incentives for companies who decide to increase their employees’ salaries from the minimum gross salary, i.e. RON 2,550, to RON 2,750, for salaries from 1 June - 31 December 2022.
D&B David and Baias and Mitel & Partners Advise on Sale of Thagora to Lear
PwC's Romanian affiliate D&B David and Baias has advised the shareholders of Thagora Technology on the sale of their company to the Lear Corporation. Mitel & Partners advised Lear.
Dana Toma Joins Wolf Theiss Bucharest as Counsel and Coordinator of Real Estate Practice
Dana Toma has joined Wolf Theiss’ Bucharest office as a Counsel and Coordinator of the Real Estate practice.
Stratulat Albulescu Advises Cyscale and GapMinder on EUR 3 Million Seed Round
Stratulat Albulescu has advised both software developer Cyscale and VC fund GapMinder in a EUR 3 million seed funding round for Cyscale.
Former UiPath Head of Legal Automation Vasile Tiple Launches GoodLegal
Former Head of Legal Automation at UiPath Vasile Tiple has launched Goodlegal – a company aiming to "make legal easy, accessible, and actionable to anyone through freely available technology."
NNDKP and Wolf Theiss Advise on Marcos Provit EUR 8.5 Million Bond Issuance
Nestor Nestor Diculescu Kingston Petersen has advised Marcos Provit on its EUR 8.5 million cross-border corporate bond issuance through a private placement under the coordination of CVI Dom Maklerski. Wolf Theiss advised CVI.
Reff & Associates and Domokos Partners Advise on Roca Industry’s Acquisition of Dial
Deloitte Romania’s Reff & Associates has advised Roca Industry on its EUR 14 million acquisition of Dial. Domokos Partners advised the seller.
Stratulat Albulescu Advises Catalyst Romania Fund II on Adservio Funding Round
Stratulat Albulescu has advised Catalyst Romania Fund II on its participation in the EUR 2 million equity funding round of EdTech platform Adservio.
Reff & Associates Advises Studium Green on Acquisition of 100 Buildings in Romania
Deloitte Legal’s Reff & Associates has advised Studium Green on the acquisition of a portfolio of 100 buildings and properties from Immobiliare Italo Romena, a subsidiary of the former Italian bank Veneto Banca. Antico & Partners reportedly advised Immobiliare Italo Romena on the deal.
The Buzz in Romania: Interview with Alina Stavaru of RTPR
With a new FDI regulatory framework and the National Plan for Resilience and Recovery all but in place, Romania is well prepared for the second part of 2022, which could include a swarm of businesses relocating from Ukraine and Russia, according to RTPR Partner Alina Stavaru.
Musat & Asociatii Advises Bank Syndicate on BFG Packaging Acquisition Financing
Musat & Asociatii has advised a syndicate of banks including Jefferies Finance LLC, J. P. Morgan, and Danske Bank A/S on financing for the EUR 650 million acquisition of four B2B distribution companies by FSN Capital.
Industrial Parks as Business Infrastructure in Romania – Current Situation and Upcoming Legislative Changes
Relatively recently, the legislative process has once more turned its attention to the former Draft Law amending Law no. 186/2013 on the establishment and operation of industrial parks (DL-x no. 250/2014) adopted by the Senate on 28 April 2014 and by the Chamber of Deputies, as decisional chamber, on 4 May 2022 ("Amending Law"). The Amending Law will enter into force after promulgation by the Romanian President, who, nevertheless, has the prerogative of sending it back to the Parliament for re-examination.
Suciu Popa, Dentons, and NNDKP Advise on Romgaz Acquisition of ExxonMobil Subsidiary
Suciu Popa and Dentons have advised SNGN Romgaz on its acquisition of the ExxonMobil subsidiary that owns 50% of the rights and obligations for the Neptun Deep project in the Black Sea. Nestor Nestor Diculescu Kingston Petersen advised the seller.