This article examines the possibility of challenging Zonal Urban Plans (PUZ) in administrative litigation in light of Decision No. 12/2021 of the Romanian High Court of Cassation and Justice, which classified PUZs as normative administrative acts. It analyses the legal implications of the legislative amendment introduced by Law No. 151/2019, which expressly established a five-year statute of limitations for challenging PUZs.

Popovici Nitu Stoica & Asociatii and Suciu Partners have advised PPC on the merger of its Romanian renewables companies into PPC Renewables Romania. 

Wolf Theiss has advised Visma on its acquisition of Digital Keez.

Andronic and Partners and Melnic | Bercu, working with Eversheds Sutherland, have advised the founders and selling shareholders of Planable on the sale of the company to SE Ranking. Gladei & Partners, BPV Grigorescu Stefanica, and Jizdan & Partners, working with Orrick, Herrington & Sutcliffe, advised SE Ranking.

Schoenherr has advised BlackPeak Capital on its growth equity investment in Affinity Life Car.

RTPR and Allen Overy Shearman Sterling have advised OX2 on the sale of the 96-megawatt Ansthall onshore wind farm in Galati County, Romania, to Helleniq Renewables. CMS reportedly advised the buyers.

Schoenherr has advised Bank Pekao on the financing transaction supporting the growth of Rex Concepts.

Popovici Nitu Stoica & Asociatii, working alongside Hogan Lovells, has advised Ameropa Group on the up to USD 1.35 billion full refinancing of its existing credit facilities.

Vlasceanu & Partners, working with Malkoc & Partners, has advised Ulusoy Group on its entry into the Romanian renewable energy sector via the acquisition of a 20-megawatt ready-to-build solar project located in Dambovita County.

The intertwining between private international law, which is fundamentally of a private nature, and labour law, which incorporates both public and private law elements, is becoming increasingly significant. This development is founded on the increased demand for foreign workforce, as well as on the contemporary shift towards remote working arrangements. As these trends continue, the intersection of these two legal fields is gaining prominence, necessitating careful consideration of how cross-border employment relationships are regulated within this evolving landscape.

Filip & Company has advised Prosus Group member OLX Global, a shareholder in the company operating OLX Romania, on the sale of Kiwi Finance to Partners Financial Services.

Dentons has advised the Board of Directors of Purcari Wineries on the RON 604 million public takeover bid launched by Maspex Romania. Schoenherr advised the founders of the winery. CMS, working with Turcan Cazac and Georgiades & Pelides, advised Maspex. Norton Rose Fulbright advised PKO Bank Polski on a loan facility to Maspex Romania to support the acquisition.

As a follow-up to the piece I previously published on CEELM – FDI Is 4.52x Cooler Than Merger Control – Romania’s latest guidelines on investments’ screening brings important clarifications to an already far-reaching regime.

Kinstellar has advised East Grain on its acquisition of a 90% stake in Maragro Group.

The end of July brings much-anticipated news, as the FDI Guidelines were published on 30 July and have now entered into force. We previously examined the draft Guidelines proposed by the authority back in February (see here) and are now analysing the changes introduced by lawmakers in the final version that are particularly relevant for practitioners.

Leroy si Asociatii has advised Vinci Energies on its agreement to acquire EnergoBit Group. PwC’s Romanian affiliate D&B David and Baias reportedly advised the founders of EnergoBit.

Tuca Zbarcea & Asociatii has advised the Tasuleasa Social Association on the legislative process leading to the adoption of the Long-Distance Hiking Trail Law in Romania. Reff & Asociatii | Deloitte Legal reportedly advised the Tasuleasa Social Association as well.

White & Case and Bondoc si Asociatii have advised a syndicate of eight commercial banks and international financial institutions on the EUR 331 million financing of the second phase of the VIFOR wind farm project in Romania, currently being developed by Rezolv Energy, an Actis platform.