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Clifford Chance Badea advised UK-based PIB Group Europa in the acquisition marking ...The team advised the client in the approval process from the Romanian Financial Supervisory Authority (ASF), ... Zamfirescu Racoți Vasile & Partners Receives Managing IP Firm of the Year Award in ...Alina Tugearu was present at the ceremony in London, where she proudly accepted the award on behalf of our ... Ana-Maria Baciu awarded Practitioner of the Year in Romania at the prestigious ...SIMION & BACIU boasts one of the most distinguished and highly regarded intellectual property practices active ... Reff & Associates and Deloitte Romania assisted the owners of Expo Market Doraly in the full sale of the commercial park to real estate developer WDPThe team from Reff & Associates | Deloitte Legal was involved in this project from an early stage and provided legal assistance by conducting an integrated due diligence process for the sale of the Expo Market Doraly platform and by organizing the necessary documents for a similar analysis to be performed by a potential buyer. A multidisciplinary team made of Reff & Associates | Deloitte Legal’s lawyers and Deloitte Romania's financial and tax advisors assisted the owners of Expo Market Doraly, Gheorghe Iaciu and the real estate investment fund ARA Europe, in the integral sale of the commercial park to Belgian real estate developer WDP, the second largest owner of industrial-logistics spaces in Romania, with a portfolio of almost 1.7 million square meters. The transaction was signed in November 2023 and was completed recently, following approvals from the Competition Council. The Expo Market Doraly platform is one of the first wholesale, cash & carry and urban logistics commercial parks in Romania, with an area of approximately 110,000 sqm and a total of 37 pavilions, with a portfolio of over 400 tenants active in various commercial sectors. The project was initiated by Gheorghe Iaciu and subsequently extended through the participation of a real estate investment fund represented by ARA Europe. BizLawyer MPR|Partners counsel Verde Magnesium in a major mining project successThe dedicated team, which provided corporate, regulatory, energy and natural resources, financing, real estate and permitting assistance was coordinated by partner Dana Rădulescu and consisted, besides founding partner Gelu Maravela, of partner Anca Băițan and associate Carmen Bănică. MPR|Partners assisted Verde Magnesium, a major Bucharest based mining company which is backed by the firm’s longstanding client, USA private equity investor Amerocap, in obtaining concession rights for a major magnesium mining perimeter. Following ongoing assistance in niche fields pertaining to the mining and natural resources’ exploitation fields, a team of four counsels from MPR|Partners succeeded in obtaining a successful outcome for Verde Magnesium. Thus, Verde Magnesium has recently won the public tender organized by the National Agency for Mineral Resources of Romania (NAMR) for concession rights on a perimeter in Western Romania. The mining license is soon to be signed and the initial investment into the disused mine and renewable energy powered magnesium processing facilities is estimated at USD 1 billion. M. T. |
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CMS expands its office space and extends on a long term its lease contract at One Tower
International law firm CMS has extended on a long term its lease contract at One Tower in Bucharest and expanded its office space by an additional 350 square meters.
Developments on the CfD mechanism in Romania
On 10 April 2024, Government Decision no. 318/2024 approving the general framework for the implementation and operation of the contracts for difference support mechanism for low carbon technologies („GD 318/2024”) was published in Official Gazette of Romania no.
Stratulat Albulescu advises CODA Intelligence on its acquisition by PDQ
SAA has advised the founders of CODA Intelligence, a Romanian provider of next generation automated cybersecurity solutions, on the acquisition by PDQ, an industry leader in software and IT asset management.
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Significant changes to the Romanian energy legislation
On 29 March 2024, Emergency Ordinance No 32/2024 for the amendment and supplementation of Emergency Ordinance No 27/2022 on measures applicable between 1 April 2022 and 31 March 2023 to end customers in the electricity and natural gas market , as well as for the amendment and supplementation of certain regulatory acts in the energy field and the adoption of certain measures in the energy field (“GEO 32/2024”) was published in the Official Gazette.
CMS | Romanian law tightens restrictions on sale of tobacco, electronic cigarettes, heated tobacco products and related products
On 28 March 2024, Romania enacted Law No. 64/2024 on amending and supplementing certain laws on tobacco products (“Law 64”), implementing important restrictions on the marketing, sale and packaging of tobacco products, electronic cigarettes, heated tobacco products and related products in Romania.
CMS advises PPC on completion of acquisition of 84 MW operational wind farm in Romania
International law firm CMS has advised PPC Renewables on the successful completion of their acquisition in Romania of an 84 MW operational wind farm from Lukoil Group, a deal that was signed and announced in 2023.
Noerr’s practices in Budapest, Bratislava, Bucharest and Prague are to be transferred to Kinstellar
Noerr and Kinstellar have agreed to transfer these practices after the details of the integration are fully worked out.
CMS advises Ford Otosan on EUR 435 Million financing
International law firm CMS has advised automotive manufacturing company Ford Otosan Romania SRL (Ford Otosan Romania) on a EUR 435m financing from a syndicate of banks, arranged by SOCIETE GENERALE and BRD GROUPE SOCIETE GENERALE S.
New Senior Associates at PNSA
Popovici Nițu Stoica & Asociații announced the promotion of Andra Vieriu (Banking & Finance; Capital Markets; White Collar Compliance & Defense) and Maria Dima (Energy & Natural Resources; Public Procurement; Project Finance/PPP, Concessions & Infrastructure) to Senior Associates.
Reff & Associates and Deloitte Romania assisted the owners of Expo Market Doraly in the full sale of the commercial park to real estate developer WDP
MPR|Partners counsel Verde Magnesium in a major mining project success
Clifford Chance Badea advised UK-based PIB Group Europa in the acquisition marking its debut on the Romanian insurance brokerage market
Clifford Chance Global M&A Trends 2024 | Deal-making will be driven by the decarbonisation, digitalisation and deglobalisation trends
CMS expands its office space and extends on a long term its lease contract at One Tower
Zamfirescu Racoți Vasile & Partners Receives Managing IP Firm of the Year Award in Romania for Patent Litigation
Ana-Maria Baciu awarded Practitioner of the Year in Romania at the prestigious Managing IP EMEA 2024 Gala. SIMION & BACIU also scoops Romania Trademark Firm of the Year and Romania Copyright & Design Firm of the Year distinctions
Developments on the CfD mechanism in Romania
Stratulat Albulescu advises CODA Intelligence on its acquisition by PDQ
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