DLA Piper has advised Seattle-based Washington Dental Service on its acquisition of a 50% stake in 8 West Consulting.

Stratulat Albulescu has advised the founders of Respira Verde on the sale of 50% of their stake in Respira to OMV Petrom.

Andronic x Partners has advised the shareholders of Kepler Management Systems on the sale of the company to the Bittnet Group. Pop & Partners advised the buyers.

RTPR has advised EMI Group on the acquisition of KADRA. CEE Attorneys advised the sellers.

Stratulat Albulescu has advised Eli Parks on the lease agreement with Portuguese environmental services company Sopsa for premises covering 6,400 square meters in Eli Park 4, outside Bucharest. Wolf Theiss advised tenant Sopsa Eco Innovation.

Tuca Zbarcea & Asociatii and the IFC have worked alongside Romania's General Secretariat of the Government, Ministry of Finance, Ministry of Development, Public Works, and Administration, and Ministry of Transport and Infrastructure to update the country's regulatory framework regarding public-private partnership projects, works concessions, and service concessions.

MPR Partners has advised EnPower Energy on the development and sale of a 60-megawatt photovoltaic project near Ovidiu, Romania, to Israel's Econergy International.

Musat & Asociatii has advised Visionapartments on the development of the Visionapartments luxury aparthotel on Bucharest's Calea Victoriei.

Deloitte Legal Romanian affiliate Reff & Associates has advised Romania's National Agency for Fiscal Administration on implementing an EU-funded project to modernize tax controls, including amending the relevant legislation to provide the framework for intensifying desk audits and targeted checks.

DLA Piper has advised Montana Aerospace on a EUR 450 million corporate financing from a syndicate including Commerzbank Aktiengesellschaft, HSBC Continental Europe, and UniCredit Bank Austria.

Act Legal Botezatu Estrade Partners has recently announced it welcomed a nine-person team from Consortium Legal – including Partners Stelian Mic, Barna Bolonyi, and Valeriu Timus – in "a friendly integration and a strategic step forward."

Dentons has advised the CEC Bank on raising EUR 162.6 million through a tap of its senior non-preferred MREL-eligible notes due February 2028. Clifford Chance advised the underwriting banks.

Schoenherr has signed new legal services and partnership agreements to continue providing pro bono legal advice to Concordia – an independent NGO supporting children, young people, and families in need in Romania, Bulgaria, Moldova, Kosovo, and Austria – which the firm has been supporting for the past 15 years.

On 16 November 2023, the Romanian Government approved the draft law aimed at ratifying the Unitary Patent Court Agreement (“UPCA”). Going forward, the draft law will be sent to the Romanian Parliament for its approval.

APTIQ Legal – the legal division of boutique consultancy APTIQ Global – has announced it is joining forces with the office of Bucharest lawyer Diana Dinu Dobrin and the Gal Ghilasi Procopciuc law firm in Brasov.

BNT Gilescu Valeanu & Partners has advised the Procredit Bank on granting a EUR 3.15 million credit facility to the NextE Group for the construction of a 7.4-megawatt-peak photovoltaic power plant.

Bucharest-based lawyers Claudiu Damian and Costin Teodorovici have launched Whistle Up – a platform to support organizations impacted by the whistleblowing legislation in complying with the newly applicable legal framework.

In Romania, even the most optimistic estimates show that only a handful of companies (less than 10%) manage to reorganize through insolvency, as previously regulated by Law 85/2006 and then by Law 84/2014 on insolvency prevention and insolvency proceedings (“Law 85/2014”).