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The Impact of EU Regulation 2022 ̸ 2560 on Foreign Subsidies (FSR) on Public ... Compliance with the FSR is not only a procedural requirement, but an essential condition for managing the ... New promotions at RTPR RTPR is one of the most experienced and highly regarded law firms in Romania. CMS | Romania proposes QR-code labelling for cosmetic products For more information on how this draft law could affect your Romania-based business and legislative ... Schoenherr advises sole shareholder of ABD on sale to Foxway The Schoenherr team advising ABD's shareholder was led by Mădălina Neagu (Partner) and included Mihaela Popescu (Managing Attorney at Law), Alina Cristea (Senior Attorney at Law) and Ștefan Popa (Attorney at Law). Schoenherr advised the sole shareholder of All Birotic Devices Trade & Service (ABD), a Romanian tech company specialising in computer refurbishment, on the sale of the company to Foxway, a leading European circular tech company. Foxway has collaborated with ABD since 2023, repairing tech devices for its range of premium-refurbished and reused computers. The Schoenherr team provided sell-side legal advice throughout all phases of the transaction. "For Romanian entrepreneurs, deals like this demonstrate that building specialised capabilities in the circular economy can attract strategic European investors committed to sustainability and extending the lifecycle of electronic devices," said partner Mădălina Neagu, who led the Schoenherr team advising on this transaction. "We are proud to have guided ABD's shareholder through this milestone, which reflects the growing importance of sustainability-driven business models." Foxway is a leading European circular tech company that extends the lifespan of millions of tech devices annually through refurbishment, repair and reuse. B. A. 
CMS Emerging Europe M&A 2025 ̸ 26 report: CEE deal activity reaches record high Findings from the CMS Emerging Europe M&A 2025/26 report, published in cooperation with EMIS, demonstrate the resilience of the Emerging Europe deal market. Key points: ► In 2025, CEE M&A volume reached a record high of 1,568 deals (up 22.4%) and total deal value rose to EUR 36.64bn (up 42.5%). ► Five CEE deals exceeded EUR 1bn, up from two deals in 2024. ► Cross-border M&A remains vital for CEE, making up 60.8% of the total number of deals and 87.8% of total deal value. ► By volume, the US, UK and Germany were the largest investors. ► By deal value, Austria, the US and the Netherlands were the largest investors. ► Private equity deal activity reached an all-time high (330 deals), with deal volume up 18.7%. Total private equity deal value also increased, reaching EUR 17.24bn (up 24.2%). Findings from the CMS Emerging Europe M&A 2025/26 report, published in cooperation with EMIS, demonstrate the resilience of the Emerging Europe deal market. The report shows that deal flow in Emerging Europe increased by 22.4%, with 1,568 deals announced in 2025. Aggregate value also increased by 42.5% (EUR 36.64bn). R. T. |
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Kinstellar advises Foxway on the acquisition of All Birotic Devices Trade & Service in Romania
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Kinstellar has advised Foxway, a leading provider of sustainable technology solutions, on the acquisition of All Birotic Devices Trade & Service SRL (ABD), a Romanian company specializing in the refurbishment of IT devices to premium standards.
Through its consistency and depth, CMS Romania’s Capital Markets practice has become one of the pillars of the firm’s reputation on the local market and a key benchmark within its regional network. BizLawyer spoke with Cristina Reichmann (Partner) about the discipline behind IPO readiness, the nuanced application of market rules, and the strength of a team that operates in a well-structured manner, with clear roles and aligned objectives
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In recent years, CMS Romania’s Capital Markets practice has established itself as one of the market’s undisputed reference points, combining refined technical expertise with a clear understanding of listing mechanics and capital markets financing.
CMS | Romania makes changes to natural gas licence regulations
Varinia Radu, Ramona Dulamea, Raluca Diaconeasa and Madalina Constantinescu - CMS Romania
On 1 January 2026, Romania enforced ANRE Order 83/2025, which amends the process for granting authorisations and licences in the natural gas sector and repeals the previous 2020 Regulation.
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CMS | Romania introduces key legal changes affecting corporate and M&A transactions
Rodica Manea and Elena Andrei - CMS Romania
The Romanian Parliament passed Law no. 239/2025 on measures to recover and safeguard public resources and to amend a series of other laws, which entered into force as of 18 December 2025.
Clifford Chance reports its most intense year since entering the Romanian market in 2006
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Clifford Chance Badea, the local office of global law firm Clifford Chance, completed 2025 with a record performance since the international firm entered the Romanian market, which reflects the effervescence of an increasingly dynamic business environment that is accelerating investments in line with strategic competitiveness objectives in the new economic reality.
CMS advises CCE on sale of landmark Horia 2 solar project to Renalfa Solarpro Group
R. T.
CMS has advised CCE on the sale of Horia Solar Invest Two S.R.L., a special purpose vehicle developing a landmark 269.
Țuca Zbârcea & Asociații advises Banca Transilvania on financing Romania’s largest battery energy storage facility, developed by Nova Power & Gas
BizLawyer
Nova Power & Gas, part of the E-INFRA Group, announced the commissioning and start of commercial operations of the largest battery energy storage system (BESS) in Romania.
CMS | Romania joins countries penalising “no-poach” practices
CMS Romania
Romania’s Competition Council issued its first decision against “no‑poach” agreements in the automotive and engineering labour markets.
Muşat & Asociaţii achieved a landmark success in the matter of taxes imposed by the National Gambling Office
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Muşat & Asociaţii continues its series of successful litigation cases with a new landmark victory at the High Court of Cassation and Justice concerning taxes owed by gambling operators.
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Schoenherr advises sole shareholder of ABD on sale to Foxway
CMS Emerging Europe M&A 2025 ̸ 26 report: CEE deal activity reaches record high
The Impact of EU Regulation 2022 ̸ 2560 on Foreign Subsidies (FSR) on Public Procurement Procedures in the European Union
New promotions at RTPR
CMS | Romania proposes QR-code labelling for cosmetic products
Kinstellar advises Foxway on the acquisition of All Birotic Devices Trade & Service in Romania
Through its consistency and depth, CMS Romania’s Capital Markets practice has become one of the pillars of the firm’s reputation on the local market and a key benchmark within its regional network. BizLawyer spoke with Cristina Reichmann (Partner) about the discipline behind IPO readiness, the nuanced application of market rules, and the strength of a team that operates in a well-structured manner, with clear roles and aligned objectives
CMS | Romania makes changes to natural gas licence regulations
NNDKP confirms, through its Dispute Resolution practice, that it is the first choice for companies seeking representation in cases worth hundreds of millions of euros, before courts and in arbitrations administered by leading international institutions | BizLawyer talks to Emil Bivolaru (Executive Partner) and Sorina Olaru (Partner) about the combination of strategy, technology and teams capable of taking complex disputes to a successful conclusion
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