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Bondoc & Asociații advises Cargus in relation to the acquisition of a majority stake ... Bondoc & Asociatii team included 10 lawyers and was coordinated by Cosmin Stavaru, with the support of Lucian ... Wolf Theiss advises Raiffeisen Bank SA (Romania) on its inaugural issue of senior ... As per local law, Raiffeisen Bank S.A. (Romania) relied on the expertise of Wolf Theiss' international Debt ... Oracle acquired GloriaFood on June 25, 2021. Radu și Asociații SPRL assisted the ... Radu și Asociații SPRL assisted the sellers in relation to the Romanian legal aspects of this complex deal ... NNDKP successful in a complex dispute over a claim amounting to approximatively lei 22 million The NNDKP team that represented the contractor included Valeriu Mina, Partner, and Alexandra Măruţoiu, Senior Associate, from NNDKP’s Dispute Resolution practice. NNDKP successfully assisted and represented companies part of Efacec group, a supplier of solutions with presence in the energy, mobility and environment value chain, before the Court of International Commercial Arbitration attached to the Chamber of Commerce and Industry of Romania against Brăila County, a local administrative authority from Romania. The arbitral dispute, whose duration spanned over four years, concerned the local authority’s claims against the contractor Efacec, arising from the performance of a contract for the design and execution of works related to the integrated waste management system in Brăila county, contract which was based on FIDIC Yellow Book rules. Brăila County claimed delay penalties that exceeded the total value of the project, including damages consisting in the value of the supervision activity performed by the Engineer involved in the project and the value of the design activity performed by Efacec, claiming that the project finalized by the contractor contained errors, with a total value amounting to approx. BizLawyer 
RTPR Counsels Poliana Gogu-Naum and Roxana Ionescu once again nominated Rising Stars At its 7th edition, the ranking covers various practice areas and numerous jurisdictions. Nominations are made considering recent professional activity and peers’ feedback, while rankings are based on clients’ and other experts’ recommendations. Rising Stars Expert Guide, a publication of Euromoney’s Legal Media Group, a legal editorial trust from the same group as the prestigious IFLR1000 guide, nominated the leaders of the new generation of lawyers, who stood out through their efforts and contribution to the most sophisticated projects in various practice areas.Once again this year RTPR Counsels Poliana Gogu-Naum and Roxana Ionescu won the Rising Star distinction for Romania – Poliana for Banking & Finance and Roxana for Competition/Antitrust. “High performance deserves to be recognised and applauded. We are proud of the results of our colleagues, who are present in international legal rankings every year. BizLawyer |
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CMS: Romania issues employment law updates
CMS România
Throughout July 2021, Romania initiated important developments in the employment field, mainly concerning the content of certain documents relevant for the sector, such as the standard model of the individual employment contract and the declaration and notification templates required in relation to the cross-border posting of employees.
CMS: Romania adopts law on personal contributions for private medical services
CMS Romania
The Romanian Government recently adopted Emergency Ordinance no. 54/2021 that amends Law 95/2006 on health reform.
Hațegan Attorneys announces organizational restructuring
BizLawyer
Hațegan Attorneys announces an internal reconfiguration of the team from a pyramidal structure to a horizontal structure.
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MPR Partners awarded at Finmedia’s Top Lawyers’ Gala
BizLawyer
MPR|Partners has just received no less than five awards at the XIth Top Lawyers’ Gala organized by FinMedia in Bucharest, for both the firm’s and firm’s lawyers’ achievements.
PeliPartners assisted Scallier with the acquisition of a new retail park in Timișoara
BizLawyer
PeliPartners assisted the Polish developer Scallier with respect to the acquisition of a retail project in Timisoara by means of a business transfer from Oasis group, to be further operated under the brand “FunShop Park”.
No time to waste. Meet the european green bonds standard
Daiana Ichimescu, Senior Associate SUCIU POPA
It’s no longer a novelty that climate change poses significant risks to financial stability.
Deloitte analysis: the mergers and acquisitions market remains dynamic
BizLawyer
Romania’s mergers and acquisitions (M&A) market recorded 54 transactions in the first half of the year, compared to 42 for the same period in 2020.
Stratulat Albulescu advises Catalyst Romania Fund II on their participation as lead investor in the EUR 3 M Series A funding round of SeedBlink, the most active Romanian crowd funding platform
BizLawyer
The Series A round also includes EUR 1.8 M which was raised on SeedBlink’s own platform and contributions by other local and international investors.
Wolf Theiss advises Novalpina Capital LLP in the largest transaction in the betting & gaming sector in Romania
BizLawyer
Wolf Theiss was the legal advisor of Novalpina Capital LLP, a London based independent European private equity firm with investments in healthcare, B2B, software and casinos, in the largest transaction in the betting & gaming sector ever done in Romania, respectively the acquisition of the market leader MaxBet.
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ANOFM: Unemployment rate 3pct in end-June
Horeca salaries, up 20pct from 2019 in Romania (recruitment platform)
CBRE assisted Adventum in the acquisition of Hermes Business Campus
Finance Ministry: 1.68pct of GDP deficit in Q2 2021
Chiritoiu: Competition Council able to look, with mandate, in personal phones, laptops of investigated companies’ representatives
Over a third rise in number of construction authorizations for residential buildings, in Q1
Unemployment rate drops to 5.2 pct in June
Arctic Stream debuts on BVB
Over 80% of new loans given between 2016-2020 are in national currency RON
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