The Romanian Government has recently adopted Government Decision no. 298/2021 („GD 298/2021”) for the approval of the initial proposals for a territorial planning, urban planning and constructions code (hereinafter referred to as the “Construction Code” or the “Code”).

RTPR, acting on behalf of the Electrica Group’s electricity distribution company, and ACT Legal Romania, acting on behalf of the Delgaz Grid, have persuaded Romania's High Court of Cassation and Justice to rule on behalf of their clients ad several other distribution companies in a long-running dispute involving claims of anti-competitive behavior brought by Digi Communications, a member of the RCS-RDS group.

Buzescu Ca has advised Danfoss on the sale of a plant in Cluj, Romania and land around it to NKS Logistic Business. Korcsog & Carunta Notaries advised the buyers. 

Tuca Zbarcea & Asociatii has advised Brazilian food company BRF, acting through Nutrinvestment BV and Banvit Bandirma Vitaminli Yem Sanayii AS, on the EUR 20.3 million sale of Banvit Foods to Aaylex System Group S.A. Nestor Nestor Diculescu Kingston & Petersen advised Aaylex Group on the deal.

Former Dentons Managing Counsel Magdalena Raducanu has joined Kinstellar’s Bucharest office as Special Counsel and Head of the Romanian Banking & Finance practice, and Partner Zsuzsa Csiki is take over leadership of Kinstellar's Romanian Corporate and M&A practice.

Leading international arbitral institutions have announced record numbers in terms of the volume of new cases registered in 2020.

Romanian MPR Partners has announced it is opening an office in London, to be headed by Co-Founder and Co-Managing Partner Alina Popescu.

Filip & Company has advised investment fund Mozaik Investments on the acquisition of a minority shareholding in the Romanian company operating the Stradale chain of restaurants, the Mitzu coffee shops, and the Flavours catering service providers. Tuca Zbarcea & Asociatii advised the unnamed sellers on the deal.

Last summer, Romania’s Parliament adopted the controversial Law 175/2020 for the amendment and completion of Law 17/2014 on certain measures to regulate the sale of agricultural lands located outside the built-up area and to amend Law 268/2001 on the commercial companies’ privatization that hold in administration lands of public and private property of the State with agricultural destination and the establishment of the State Domains Agency.

Well past the imposed transposition deadline (i.e. 31 December 2020), on 29 April 2021, the Ministry of Energy published in transparency the draft law on the transposition into the national legislation of Directive (EU) 2019/944 of the European Parliament and of the Council on common rules for the internal market for electricity and amending Directive 2012/27/EU (the “Draft Law”).

As last year’s upheavals continue to influence finance markets in 2021, Erika Papp, CMS’s Head of Finance CEE/CIS, and CMS’s Regional Finance Partners Paul Stallebrass in Prague, Ana Radnev in Bucharest, and Elitsa Ivanova in Sofia offer their perspectives on what this year might hold for financing in CEE.

Romania lies on the historically and geographically significant crossroads between the East and the West and both its roads and its waterways provide important routes for commerce between continents. It is no wonder, then, that the transportation, logistics, and infrastructures sectors in Romania offer high potential for growth and profit. The prospect of harnessing this potential has attracted investors from around the world – and law firms positioned to help them succeed. Danilescu Hulub & Partners, founded by Partners Lucian Danilescu and Andreea Hulub in April, 2020, is one such firm.

Popovici, Nitu, Stoica, and Asociatii has advised Ameropa Grains on the sale of a former industrial platform in Constanta to Hornbach.

In the recent years, cybersecurity has become one of the crucial areas that the European Union (“EU”) decided to invest in to get fit for the digital era. In order to acquire leadership and autonomy in this field, the EU takes steps to develop competencies, capacities and capabilities.

DLA Piper has advised Hypo Noe Landesbank on a EUR 16.6 million multi-tranche real estate loan facility granted to the unnamed owner and operator of a number of retail shopping centers in Romania.

Act Botezatu Estrade Romania has advised OncoChain on its EUR 380,000 seed financing round, which was led by Cleverage Venture Capital and also included an equity crowdfunding round on the Seedblink platform, as well as two angel investors from the Growceanu network.

Zamfirescu Racoti Vasile & Partners has successfully represented the interests of Romanian bike producer Atelierele Pegas in a trademark dispute with Germany's ZEG Zweirad-Einkaufs-Genossenschaft eG, the owner of the Pegasus brand of bikes, among others.

Biris Goran has helped River Development sell The Light One office building in Bucharet to UNIQA Real Estate GmbH. Schoenherr advised UNIQA on the deal.