KPMG Legal - Toncescu si Asociatii has promoted Cristina Rosu, Irina Stanica, Dragos Nicolae Iamandoiu, and Calin Dragoman to Partner.

Filip & Company has advised Banca Transilvania on a EUR 700 million sustainable bond issuance with J.P. Morgan, Morgan Stanley, Nomura, and ING Bank as the arrangers, ING Bank as the ESG advisor, and BT Capital Partners as co-manager. Clifford Chance advised the banks.

In The Corner Office, we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. With industry-specific software emerging left and right, the legal industry was not left behind. To explore some of the trends in this regard, we asked: What are some of the specific legal tech platforms you use?

Bondoc & Associates has advised Helios Energy Investments on setting up a partnership with TDI Renewables concerning a portfolio of renewable projects including solar photo-voltaic, off-shore wind, and storage, exceeding 1000 megawatts throughout Romania.

Legal Ground has advised the APS Group – acting through APS Credit Fund SICAV subfunds Rhapsody and Rhapsody II – on financing Skylight Residence's acquisition of a 100,000-square-meter site in Bucharest's Obor area. Ionescu Sava advised the borrower.

RTPR has advised PragmaGO on the acquisition of an 89% stake in Telecredit IFN from Reconstruction Capital II Limited and Elisa Rusu. Schoenherr advised the sellers.

White & Case, working with Bondoc si Asociatii, has advised a club of eight commercial banks and international financial institutions on the up-to-EUR 291 million financing of the construction of the 461-megawatt Rezolv Energy's Vifor wind farm in Romania.

Bondoc & Associates has advised TDI Renewables and its subsidiary, the Romanian–Israeli partnership ASRA Engineering, on an international restructuring.

With a focus on keeping as much of the legal work in-house, Net-Connect Group Head of Regulatory Affairs Radu Culic discusses best practices for managing in-house legal budgets.

Photon Energy Group’s Deputy Group Legal Counsel Florina Mariana Homeghiu discusses her approach to managing legal budgets, including trends in costs and effective cost-cutting strategies.

Managing budgets in big companies could be seen at the same time as art and as a challenge. And art should never be under pressure.

FEPRA EPR Head of Legal and Compliance in Romania Clementina Canel talks about the skills she focuses on developing within her in-house legal team and the strategies she uses toward that.

With the Whistleblowing Directive implemented into local legislation, whistleblowing has become an essential topic in companies. As national interpretations of the directive on whistleblowing have made it mandatory for organizations to introduce reporting channels and protective measures, businesses must navigate a more stringent and complex legal landscape.

Romania’s National Office for the Prevention and Control of Money Laundering has recently published a draft of an Emergency Ordinance amending and supplementing Law no. 129/2019 on the prevention and control of money laundering and terrorist financing (the Emergency Ordinance) in order to harmonise domestic legislation with the provisions of Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 on the prevention of the use of the financial system for the purpose of money laundering or terrorist financing (the Fifth AML Directive), as amended by Regulation (EU) 2023/113 of the European Parliament and of the Council of 31 May 2023 on information accompanying transfers of funds and certain crypto-assets (the MiCAR).

We have begun our analysis of how to calculate the five-calendar day period specified in Art. 10 para. (7) of the Emergency Ordinance 120/2021 on the management, operation and implementation of the national e-invoicing system RO e-Factura[1] (“GEO 120/2021”) in the context of the Ministry of Finance’s LinkedIn post of August 2024, namely:

With a growing economy but significant structural deficits, Romania’s healthcare system struggles with underfunding, slow approval processes, and high taxes, making access to new therapies a slow and challenging endeavor, according to Tuca Zbarcea & Asociatii Managing Associate and Head of Pharma and Medical Devices Dominic Morega.

Wolf Theiss has promoted former Counsels Andreea Zvac, Oleg Temnikov, Stefan Horn, and Alexander Zollner to Partner.

The business transfer inevitably impacts on employment relationships, a context in which the identity of the economic entity has been the subject of exhaustive analysis in recent case-law of the Court of Justice of the European Union (CJEU).