The board of directors [“Board”] stands out as a body that undertakes the management and representation duties of a joint stock corporation and is endowed with the power that can affect the interests of the corporation as well as its related parties. Such broad authority brings with it the same degree of responsibility. Although such responsibility mostly results in legal liability, the legislator did not remain silent on the fact that the activities of the Board are directly related to the market economy, and thus, imposed criminal sanctions in connection with the actions of the members. In this respect, the use of management and representation powers by the Board members or their personal actions may lead to criminal liability.

Graf Patsch Taucher Rechtsanwalte has promoted the Head of its Dispute Resolution practice group Clemens Freisinger to Equity Partner.

Crenguta Florea and Ovidiu Serban have been promoted to Partner at Zamfirescu Racoti Vasile & Partners as of March 1, 2022.

January is always a good time to look back, take stock, and make plans. And 2021, while a complicated year, was in no way uneventful. Across CEE, we’ve had lawyers and law firms variously reporting on – besides the obvious pandemic-related restrictions and increased work flexibility – a record year for M&A transactions, growing green energy, effervescent capital markets, a surprisingly solid real estate sector, ascendant ESG practices, a renewed focus on infrastructure, and TMT going from strength to strength.

Paul Buta has been appointed to Managing Partner, while Alexandru Terta, Iuliana Iacob, and Andrei Ormenean made Partner at Musat & Asociatii.

Former Bryan Cave Leighton Paisner Counsel Evgeny Oreshin has joined Eversheds Sutherland's Russia office as a Partner in its Dispute Resolution practice.