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Mușat & Asociații advised Naxxar Renewable Energy on the sale of the remaining 40% ... The Mușat & Asociații team was led by Andrei Ormenean and Iuliana Iacob (Partners), together with ... Clifford Chance Badea advised the banks in connection with Banca Transilvania’s ESG ... Clifford Chance Badea advised the banks in connection with Banca Transilvania's ESG bonds issue that attracted ... CMS | Romania extends MTPL insurance premium cap until 31 December 2024 For more information on the new legislative amendment and the insurance legal framework in general, contact ... CMS | Romania passes law allowing authorised individuals, sole proprietorships and family enterprises to become companies For more information on this draft law, contact your CMS client partner or these CMS experts: Rodica Manea and Rebeca Vladislav. On 2 October 2024, the Romanian Parliament voted to adopt Draft Law No 274/2024 for the completion of Government Emergency Ordinance No 44/2008 on the conduct of economic activities by authorised individuals, sole proprietorships and family enterprises. This draft legislation is currently awaiting promulgation by the President of Romania and publication in the Romanian Official Gazette in order to go into force. The draft law introduces important amendments to the current applicable legal framework, providing Authorised Natural Persons (PFAs), Sole Proprietorships (IIs), and Family Enterprises (IFs) the possibility to transform, under certain conditions, into limited liability companies (SRL) or other types of commercial companies (i.e. joint-stock companies, general partnership companies, limited partnership companies and limited partnership limited by shares companies) as regulated by Romanian Companies Law No. CMS Romania 
Clifford Chance Badea advised NEPI Rockcastle in relation to the EUR 500 million green bonds issue launched on international markets The transaction continues a long collaborative relationship between the law firm and the leading real estate developer and investment group in Central and Eastern Europe. A multijurisdictional team of lawyers coordinated by Mădălina Rachieru-Postolache, Partner Clifford Chance Badea, advised NEPI Rockcastle in connection with its latest green bonds issue, worth EUR 500 million. The bond issue, oversubscribed more than six times, marks NEPI Rockcastle's return to the Eurobond market after more than two years and adds to a significant green financing track record in Clifford Chance Badea's portfolio. At the same time, the transaction continues a long collaborative relationship between the law firm and the leading real estate developer and investment group in Central and Eastern Europe. The core legal team coordinated by Mădălina Rachieru-Postolache included Gabriel Toma (Senior Associate) and Martha Busuiocescu (lawyer) from the Bucharest office, Paul Deakins (Partner) and Ayan Koshal (Senior Associate) from the London office, and Tineke Kothe (Senior Counsel), Dewi Walian (Counsel) and Marte Schaaf (Associate) from Amsterdam. Partner Mădălina Rachieru-Postolache and coordinator of the Bucharest Capital Markets practice says: "This transaction's success reflects the professionalism and experience of the entire project team, which proved its maximum performance in a multijurisdictional working context and a very busy schedule. M. T. |
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CMS | Romania publishes draft decision regulating the NUTRI-SCORE label to market foods
CMS Romania
The Romanian government published a draft decision to regulate the nutrition label Nutri-Score, an optional form for declaring the nutritional content of food products.
New Managing Associates at Popovici Nițu Stoica & Asociații
BizLawyer
Popovici Nițu Stoica & Asociații has announced the promotion of Justin Anghel (Energy & Natural Resources; Litigation; TMT), Sorin Dincă (Litigation; Public Procurement), Claudia-Alina Salomia (Corporate & Commercial; Mergers & Acquisitions; IP) and Ana Stoenescu (White-Collar Compliance & Defense; Corporate & Commercial) to Managing Associates.
CMS | Romania publishes draft law on cybersecurity implementing the NIS2 Directive
CMS România
On 15 August 2024, the National Cyber Security Directorate in Romania (DNSC) released for public debate the draft law establishing a framework for cybersecurity of networks and information systems in the national civil cyberspace (Draft Law), transposing Directive (EU) 2022/2555 on measures for a high common level of cyber security in the European Union (NIS 2 Directive), which amends Regulation (EU) No 910/2014 and Directive (EU) 2018/1972, and repeals Directive (EU) 2016/1148.
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Țuca Zbârcea & Asociații secures an important precedent in a complex ICC arbitration case within the oil and gas industry
BizLawyer
Țuca Zbârcea & Asociații successfully represented a major independent oil and gas producer in Romania in a Paris-seated ICC arbitration.
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Schoenherr advises Reconstruction Capital II Limited on sale of Telecredit to PragmaGO
BizLawyer
Schoenherr advised Reconstruction Capital II Limited (RC2) on the sale of its 89 % stake in TELECREDIT IFN SA, a Romanian factoring and microbusiness operating under the Omnicredit brand, to PragmaGO, a leading non-bank provider of SME finance in CEE.
RTPR advises PragmaGO on entering Romanian market through Omnicredit acquisition
BizLawyer
RTPR has assisted PragmaGO, a company owned by the private equity fund Enterprise Investors, in the acquisition of an 89% stake in Telecredit IFN, operating under the brand name Omnicredit (www.
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Bondoc & Associații assisted TDI Renewables, one of the major players in renewable development, in an international restructuring
BizLawyer
Bondoc & Associates assisted one of the major players in renewable development, TDI Renewables and its subsidiary, the Romanian – Israeli partnership ASRA Engineering in connection with an international restructuring aimed at splitting several renewable portfolios in Romania.
The identity of an economic entity within a business transfer in the light of Directive 2001 ̸ 23 and CJEU practice
Mihai Popa (Deputy Managing Partner) și Simona Anton ( Managing Associate) - Mușat & Asociații
The business transfer inevitably impacts on employment relationships, a context in which the identity of the economic entity has been the subject of exhaustive analysis in recent case-law of the Court of Justice of the European Union (CJEU).
CMS | Romania enacts CfD support scheme with first auction launched
CMS Romania
As part of its EU commitment to promote decarbonisation and the development of low-carbon energy sources with a focus on renewable energy, Romania passed a legislative package containing a two-way Contracts for Difference (CfD) support mechanism, leading to the announcement of the first auction for solar and onshore wind technologies.
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CMS | Romania passes law allowing authorised individuals, sole proprietorships and family enterprises to become companies
Clifford Chance Badea advised NEPI Rockcastle in relation to the EUR 500 million green bonds issue launched on international markets
Mușat & Asociații advised Naxxar Renewable Energy on the sale of the remaining 40% stake in Naxxar Wind Farm Four to the Polish group Polenergia
Clifford Chance Badea advised the banks in connection with Banca Transilvania’s ESG bonds issue that attracted EUR 700 million from international markets
CMS | Romania extends MTPL insurance premium cap until 31 December 2024
CMS | Romania publishes draft decision regulating the NUTRI-SCORE label to market foods
New Managing Associates at Popovici Nițu Stoica & Asociații
CMS | Romania publishes draft law on cybersecurity implementing the NIS2 Directive
Țuca Zbârcea & Asociații secures an important precedent in a complex ICC arbitration case within the oil and gas industry
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