The Romanian public and sectoral procurement legislation has recently undergone several important changes aimed at clarifying certain provisions that used to be open to interpretation and/or have given rise to disputes in practice.
Did You Know: Ten-Year Infrastructure/PPP/Public Procurement Leaderboard
Did You Know that, according to the Activity Rankings function of the CEELMDirect website, only ten lawyers have worked on five or more reported Infrastructure/PPP/Public Procurement deals in CEE over the past ten years?
CMS Appoints Five New Partners Across CEE
A new promotion round saw 62 lawyers become Partners at CMS – spanning 25 cities across the UK, Europe, the Middle East, Africa, and Latin America – including Arno Zimmermann, Hans Lederer, and Klaus Pateter in Vienna, Alicja Zalewska-Orabona in Warsaw, and Mihai Jiganie-Serban in Bucharest.
Is the Payment to Prestigious MICHELIN Guide "Prohibited" State Aid?
The Ministry for Regional Development of the Czech Republic will soon decide whether to pay for the Czech Republic to become part of the prestigious MICHELIN Guide. The MICHELIN Guide is asking for CZK 10 million for this "service" for the next three years.
Deloitte Legal Successful for Loznitsa Municipality Before Supreme Administrative Court
Deloitte Legal has successfully represented the Loznitsa Municipality before the Supreme Administrative Court of Bulgaria in a lawsuit against the Managing Authority of Operational Program Environment 2007-2013.
Bernitsas Law Advises Intrakat on Acquisition of Aktor
Bernitsas Law has advised Intrakat on its acquisition of Aktor from Ellaktor and Aktor Concessions.
New Rules in IPO
The Capital Markets Board [the "CMB"] introduced critical amendments to the sale methods and distribution principles to be applied to initial public offering of shares of non-public companies with the publication of its Decision No. i-SPK.128.21 [the “Decision"] on March 30, 2023. Accordingly, the relevant provisions of the Communiqué on Sales of Capital Market Instruments No. II.5.2 of the CMB will be superseded by the rules outlined in the Decision until a contradicting decision is made.