ZRP
Tuca Zbarcea & Asociatii

Schoenherr advises OMV Petrom on strategic partnership with Auchan to open 400 ...

"It was great to see our client's long-time partnership with Auchan Retail Romania shaping up and to ...

NNDKP assists the shareholders of Medima Health in establishing a strategic ...

Răzvan Vlad, Partner in the Corporate M&A practice, assisted by Vlad Anghel, Associate, coordinated the NNDKP ...

Morphosis Capital teams up with professor Dr Gheorghe Iana and Vlad Ardeleanu to ...

The new business venture will be managed by an experienced CEO and retail expert, Vlad Ardeleanu.

How can SMEs affected by the pandemic access the announced state aid scheme?

The amounts allocated to support SMEs in difficulty vary depending on the funding measure concerned. There is also a maximum number of beneficiaries for each support category.

Following the European Commission's approval of Romania's state aid scheme to support small and medium-sized enterprises ("SMEs") and certain large enterprises affected by the COVID-19 pandemic, the Ministry of European Funds adopted the state aid scheme through a ministerial order, in the context of the economic crisis generated by the pandemic. The three funding measures adopted under this programme and detailed below are intended to provide liquidity for the respective SMEs. Thus, the grants to be awarded are intended to cover various categories of expenditure, from current expenditure in the case of micro-grants to expenditure for the expansion, rehabilitation or modernisation of existing production capacities, including the purchase of equipment, technology, machinery and facilities in the case of grants for investments in production activities. With regard to the application of this aid scheme, beneficiaries must submit funding applications and related documents by 30 October 2020, with the conclusion of financing contracts to be completed by 31 December 2020. Support measures and beneficiaries State support is made up of three main measures, namely: ·         micro-grants in a fixed amount ("Measure 1") with a total budget of EUR 100 million, a measure available to SMEs without employees at 31 December 2019, self-employed persons and NGOs operating in eligible areas of activities set out in the normative act, as well medical offices involved in fighting the COVID-19 pandemic; ·         grants for working capital ("Measure 2") with a total budget of approx. EUR 307 million for SMEs and NGOs active in the education sector; and ·         grants for investments in production capacities ("Measure 3") with a total budget of approx.

Mona Banu (senior attorney at law) and Darius Trușculete (associate) – lawyers specialised in EU & competition at Schoenherr si Asociatii SCA

PNSA

Articolul poate fi citit doar de membrii platitori ai comunitatii BizLawyerPNSA advised Burda Group on the sale of its business in Romania

The transaction concerns the sale of the entire logistics, transport and press distribution business operated by Burda Group in Romania through Burda Romania, Casa de Difuzare-Presa New Concept and Trans-Log-Presa.

PNSA and PNSA Tax advised Burda Group on the sale of its business in Romania. . .

A. D.

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LEGITEAM

Stratulat Albulescu are moving to the One Herastrau Office building

BizLawyer

Stratulat Albulescu is pleased to announce the signing of the lease agreement with One United Properties for our new office space.


      Romania passes new tax incentives to bolster business

      CMS Romania

      On 4 September 2020, Romania enacted Government Emergency Ordinance no.


          WDP acquires three new logistics centres

          BizLawyer

          WDP acquires three new logistics centres Popovici Niţu Stoica & Asociaţii (PNSA) advised WDP, one of the leading Belgian developers and owners of logistics and warehousing in the market, on the recent acquisition of three major logistics parks in Romania: ►    Aquila Logistics Centre, with approximately 3.



              Ascunde Reclama

              Managing Partner Perry Zizzi to lead the M&A practice in Dentons Bucharest

              BizLawyer

              Dentons, the world’s largest law firm, announces it has appointed Managing Partner Perry Zizzi – one of the most experienced M&A lawyers in the CEE region – as the Head of the M&A practice in Romania, boasting a strong team of 10 lawyers, including 4 partners and 1 counsel.


                  PNSA in the deal through which Auchan shall operate 400 MyAuchan stores within the OMV Petrom petrol filling stations

                  BizLawyer

                  PNSA advised Auchan Retail Romania in respect of the takeover of the entire chain (more than 400 units) of OMV Petrom petrol filling stations in view of converting them into MyAuchan proximity stores and their further non-petrol retail operation.


                      Mareș & Mareș Becomes the Exclusive Member in Romania of the Global Criminal Law Counsel Network

                      A.D.

                      Mareș & Mareș consolidates its leading position in the area of white collar crime in Romania, following the invitation to join one of the most important international alliances, Global Criminal Law Counsel (GCLC).


                          Deloitte Romania and Reff & Associates assisted Haier Tech in the EUR 53 million project for building a household appliances factory in Prahova county

                          BizLawyer

                          Deloitte Romania and Reff & Associates, the law firm representing Deloitte Legal global network in Romania, provided assistance to Haier Tech, a Romanian company belonging to the Haier Group, in the project for building in Prahova county the first Haier’s refrigeration factory in the European Union.


                              CMS advises AFI Europe on EUR 300m office acquisition in Romania

                              BizLawyer

                              International law firm CMS has advised AFI Europe, a leading property investment and development group in Romania, on its approximate EUR 300m share acquisition of six companies owning four Class A office projects in Romania from NEPI Rockcastle, the premier owner and operator of shopping centres in Central and Eastern Europe (CEE).


                                  Articolul poate fi citit doar de membrii platitori ai comunitatii BizLawyerTC Capital acquires a 6,550-hectare farm in Timiș county. A dedicated legal team advised TC Capital on the transaction

                                  BizLawyer

                                  TC Capital invests 23.5 million euro into the acquisition of a grain and oilseeds farm located in Buziaș, Timiș county.


                                       

                                       

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