The Law on whistleblowers’ protection was approved on 29 June 2022 by the Chamber of Deputies.
Noerr Advises Rebelle on Takeover Offer by Vinted
Noerr has advised Rebelle as the target company of a public takeover offer made by Lithuania's Vinted. Gernandt & Danielsson reportedly also advised Rebelle. Roschier and Hengeler Mueller reportedly advised Vinted.
ZRVP Advises Ana Hotels on Athenee Palace Management Agreement with IHG Hotels & Resorts
Zamfirescu Racoti Vasile & Partners has advised Ana Hotels on a hotel management agreement with international group IHG Hotels & Resorts for the operation of the Athenee Palace hotel under the InterContinental Hotels & Resorts brand starting from 2023.
Closing: Romgaz Acquisition of Stake in Neptun Deep Project from ExxonMobil Now Closed
Nestor Nestor Diculescu Kingston Petersen and Dentons announced that Romgaz' acquisition of ExxonMobil subsidiary ExxonMobil Exploration and Production Romania Limited (reported by CEE Legal Matters on May 12, 2022) has now closed.
PRK Partners Advises on Sale of I.G. Bauerhin Group to Lear Corporation
PRK Partners, working alongside Luther, has advised the shareholder of the I.G. Bauherin Group on its sale to US automotive supplier Lear Corporation. Mayer Brown reportedly advised the Lear Corporation.
Paksoy Advises OLX on Acquisition of Stake in Pilot Garage
Paksoy has advised OLX Group's Letgo Otoplus on its acquisition of a 25% stake in Pilot Garage from its founders, the Emre family. Yonet Attorneys at Law reportedly advised the sellers.
Amendments to the Commercial Companies Code – the Business Judgment Rule and the Interest of a Group of Companies
On 13 October 2022, the Act amending the Commercial Companies Code and certain other acts (“Act”) will come into force. Companies, especially those operating under a management agreement between a parent company and a subsidiary, will have to reorganise their structures to some extent in order to comply with the new regulations.