Filip & Company has advised Mozaik Investments on its sale of a minority stake in 5 To Go to Invenio Partners and Accession Capital Partners. Schoenherr advised ACP. Dentons reportedly advised Invenio Partners.

Teodorescu Partners has advised Autonom on its acquisition of a 30% stake in Meridian Taxi from Dan Boabes. Legalway advised Mr. Boabes and Meridian Taxi.

Musat & Asociatii has won an appeal before the High Court of Cassation and Justice against a prior decision by the Bucharest Court of Appeal, allowing the retrial of the review application in the case concerning the torturers of Romanian anti-communist dissident Gheorghe Ursu.

BPV Grigorescu Stefanica has advised Smart ID Technology on its acquisition of Total Technologies. Mihai & Co and sole practitioner Daniel Vutcanu advised the sellers.

Stratulat Albulescu has advised Duman Clinic on the acquisition of La Stejari, which owns and operates a hotel in Pianu de Jos, Alba County, from sellers Dorin Mateiu and Ioan Strajan.

Vlasceanu & Partners has advised Econergy on securing EUR 28 million in financing from Kommunalkredit Austria for the completion of a 56-megawatt solar park located in Olt County, Romania. Dentons advised Kommunalkredit Austria.

Radulescu & Musoi has advised DigiRay on its acquisition of three Maraffka clinics in Ploiesti, Romania.

Stratulat Albulescu has advised both Parol and GapMinder Fund II on the EUR 1.2 million funding round for Parol.

In The Corner Office, we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. As sunny days recede, the fall conference season is upon us, so we asked: How do you determine which Partner attends which events?

Popescu & Asociatii Partner Loredana Popescu and Avellum Partner Maksym Maksymenko look at the current status of agribusiness in their countries – both traditional powerhouses in the sector – highlighting how they are managing to show resilience despite tough years.

Romania remains an attractive jurisdiction for many foreign investors across various industries, but it faces challenges related to fiscal administration and predictability. A notable example is the introduction of a new taxation regime for large companies, which became effective on January 1, 2024. Naturally, this initiative triggered several reactions from the business community. Initially, efforts were made to prevent the enactment of such legislation or to propose amendments to mitigate the envisaged fiscal impact. Subsequently, in response to the law’s implementation, companies have begun analyzing different restructuring scenarios to establish optimal business structures that would allow them to continue operating while neutralizing the fiscal burden.

Schoenherr has advised Enery on a EUR 214.45 million loan facility from a syndicate including UniCredit Bank, Banca Comerciala Romana, and Erste Group Bank with BCR and UniCredit acting as the joint coordinators and bookrunners, UniCredit as the documentation agent, and BCR as the ESG coordinator, security, and facility agent. Clifford Chance advised the banks.

Nyerges & Partners has advised KER Toki on obtaining an electricity supply license from the Romanian Energy Regulatory Authority.

TGS Baltic has advised INVL Baltic Sea Growth Fund on its acquisition of Pehart Group in Romania from Abris Capital Partners. RTPR advised Abris Capital Partners.

Wolf Theiss has advised Banca Comerciala Romana on a EUR 29.5 million credit facility granted to Unirii View. Tuca, Zbarcea & Associates advised Unirii View.

Kinstellar, working with Osborne Clarke, has advised Mpac Group on its EUR 56 million acquisition of the CSi Palletising group.

Radulescu & Musoi Partner Roxana Musoi reflects on a dynamic year for Romania’s M&A market, highlighting shifting entrepreneurial mindsets and opportunities driven by European funds.

The Romanian Company Law no. 31/1990 has been amended through the recent Law no. 299/2024 to better align with technological developments and the evolving needs of the business landscape. Notably, a key update is enabling remote (online) attendance and electronic voting in general shareholder meetings, among other relevant revisions.