RTPR acted as Romanian legal counsel in relation to Aramco’s acquisition of 10% equity interest in HORSE Powertrain Limited, the new global powertrain solutions company, alongside Renault Group, Zhejiang Geely Holding Group and Geely Automobile Holdings Limited.

On 22 July 2024, Romania enacted Law 232/2024, amending Advertising Law 148/2000 and Audiovisual Law 504/2002, which adds to the existing prohibition on advertising tobacco products by including the following: electronic cigarettes (including vape cigarettes), products for smokeless inhalation of tobacco substitutes, electronic devices for heating tobacco and products for smokeless inhalation of tobacco substitutes and pouches with nicotine for oral use.

Kinstellar has again successfully advised Globalworth, an AIM-listed, leading office investor in Poland and Romania, on the sale of a logistics portfolio in Romania, to the buyer WDP.

Băncilă, Diaconu și Asociații SPRL assisted Goodpack SARL (part of CEECAT Capital) in the acquisition of Paccor Romania SRL, being involved in all stages of the transaction and providing assistance in both the due diligence phase, as well as in relation to the structuring, preparation and negotiation of the transaction documents.

As days go by, artificial intelligence (“AI”) continues to delve into our daily life.

On 8 July 2024, Romania published and adopted Law no. 214/2024 on electronic signature and trust services, which represents a significant legislative update in the area of digitalisation.

RTPR has assisted Vectr Holdings, through its subsidiary Vectr Realty Holdings, in relation to the indirect acquisition of 100% stake in the company that owns The Landmark from funds managed by Revetas Capital and affiliates of Cerberus Capital Management.

RTPR has assisted Global Records and Stefan Lucian, the founder and CEO of the company, in the process of selling a 25% stake in the company to Believe, one of the world’s leading digital music companies and of setting up the terms of their strategic partnership.

DLA Piper’s Bucharest office team assisted Believe, one of the world’s leading digital music companies, in forming a strategic partnership with Global Records, Central and Eastern Europe’s top independent dance music company.

Popescu & Asociatii has announced the co-optation of Mr. Bogdan ILEA in the company's team of renowned professionals starting with July 2024.