CMS | Romania enacts law restricting ads for electronic cigarettes and heated tobacco products

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.

RTPR advises Vectr Holdings on The Landmark office building acquisition

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 advises CEE’s top independent dance music company Global Records on strategic partnership with Believe, one of world’s leading digital music companies

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.

Publicitate pe BizLawyer?

DLA Piper assisted Believe in a landmark agreement to acquire a 25% stake in Global Records

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 expands its team of professionals and announces the co-optation of Mr. Bogdan ILEA within the management structure

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

Kinstellar advises Agrotex majority shareholders on the sale of a significant stake to Promat Comimpex

Kinstellar has advised the majority shareholders of Agrotex (one of the most important suppliers of cereals and agricultural inputs on the local market) on the sale of a significant stake to Promat Comimpex, a renowned agriculture player now controlled by the Ameropa Group.

Schoenherr Romania managing partner Sebastian Guțiu appointed to ICC International Court of Arbitration

Schoenherr și Asociații SCA's managing partner Sebastian Guțiu has been appointed as an Alternate Member of the International Chamber of Commerce (ICC) International Court of Arbitration.

CMS secures landmark ruling for electricity and gas producers in Romania

International law firm CMS has won an important victory for electricity and gas producers in a landmark case concerning an access road built without the affected landowner's consent.

Acquisition of a majority stake in Agrotex by Promat Comimpex (Ameropa)

PNSA assisted Promat Comimpex, a company controlled by Ameropa Group in a joint venture with entrepreneurs Cristian Moldovan and Dan Corbut, on the acquisition of a 70% share stake in the agribusiness company Agrotex, one of the strongest distributors of agri inputs and outputs in the northern part of Romania, with a rapid growth year on year and a turnover of more than EUR 150 million in recent years.

BMF Grup and SARMIS Capital announce the largest investment in the Facility Management industry this year in Romania