RTPR has advised the Orange group's Orange Money Romania on the transfer of its retail business to Alpha Bank Romania. Filip & Company advised Alpha Bank.
Fighting the Greenwashing. What to Expect from the New Green Claims Directive?
On 22 March 2023, the European Commission published its proposal for the Green Claims Directive. The new directive aims at filling the legislative gap that has been enabling the practice of greenwashing and it is therefore intended to complement as lex specialis the existing set of EU rules on consumer protection.
New Developments on the CfD Mechanism in Romania
On 7 August 2023, the Ministry of Energy published for public consultation the draft Government decision on the approval of the general legal framework for the implementation and functioning of the Contracts for Difference (CfD) support mechanism for low carbon technologies (the “Draft Government Decision”), together with an information note for potential bidders in relation to the implementation of a first CfD scheme, the related auctions rounds being envisaged for Q4 2023 and Q1 2025 (the “Information Note”).
Recent ECJ Judgement Sparks Controversies on the Romanian Statute of Limitations for Criminal Liability
In recent years, the statute of limitations for criminal liability in Romania has been the subject of numerous debates among legal scholars and practitioners.
Romania Launches New Renewables CfD Support Scheme Targeting 5 GW of Onshore Wind and Solar Capacities
Romania is on the verge of introducing a much-awaited new support scheme for renewable energy. On 7 August 2023, the Romanian Ministry of Energy launched for public consultations a draft decision approving the legal framework for the implementation and functioning of the Contracts for Difference ("CfD") support scheme for low-carbon technologies ("CfD Scheme").
CMS Advises on PPC Renewables Acquisition of Wind Farm from Lukoil Group
CMS has advised PPC Renewables on the acquisition of an 84-megawatt operational wind farm from the Lukoil Group.
RTPR and Schoenherr Advise on Romcim Acquisition of Bauelemente
RTPR has advised Romcim on its acquisition of Bauelemente. Schoenherr advised Romcim on the merger and FDI clearance for the acquisition. Popovici Nitu Stoica si Asociatii reportedly advised the sellers.
Clifford Chance Badea Advises Enel Green Power Romania on Acquisition of Lumina Photovoltaic Park
Clifford Chance Badea has advised Enel Green Power Romania on the acquisition of the Lumina 63-megawatt photovoltaic park in Calugareni, Giurgiu county, from the Mytilineos group.
Reed Smith, Volciuc-Ionescu, and CMS Advise on Helleniq Acquisition of 211-Megawatt Romanian Solar Portfolio from Metka EGN
Reed Smith and CMS have advised Helleniq Renewables on its acquisition of a 211-megawatt solar portfolio in Romania from Mytilineos Group's Metka EGN. Volciuc-Ionescu, working with the UK offices of EY Law, advised Metka EGN.
Filip & Company Advises Alesonor on Verita International School Partnership
Filip & Company has advised residential developer Alesonor on its partnership with the Verita International School & Kindergarten to develop the second Verita campus in Romania in Alesonor's Amber Forest suburb.
Implementation of the EU Directives on Work-Life Balance and on Transparent and Predictable Working Conditions: Romania
The EU Directives on Work-life balance and on Transparent and predictable working conditions were introduced into the Romanian national legislation in February 2022 with subsequent amendments in August 2022, October 2022, and February 2023. These directives have imposed substantial changes and obligations on employers. What do they mean for businesses?
PNSA and NNDKP Advise on Refinancing of Ameropa Group's Main RCF in Romania
Popovici Nitu Stoica & Asociatii has advised the Ameropa Group on the full refinancing of its main revolving credit facility in Romania to the tune of EUR 542 million. Nestor Nestor Diculescu Kingston Petersen advised the banking syndicate.
Closing: Adesgo’s Sale of Business to Tefron Europe Now Closed
On August 3, 2023, Musat & Asociatii and Firon Bar-Nir both announced that the sale of Adesgo’s seamless apparel business to Tefron Europe (reported by CEE Legal Matters on April 18, 2023) had closed.
Madalina Mitan Makes Local Partner at Schoenherr in Romania
Former Schoenherr Managing Attorney at Law Madalina Mitan has been appointed as a Local Partner with the firm's Bucharest office.
Teodorescu Partners Opens Doors in Bucharest
On August 1, 2023, Former Grecu & Asociatii Partner Alexandru Teodorescu announced the launch of his eponymous law firm in Bucharest: Teodorescu Partners.
Dentons Advises Ursus Breweries on Virtual Power Purchase Agreement with Enery
Dentons has advised Ursus Breweries on its virtual power purchase agreement with Enery.
Kinstellar Advises SFC Solutions on Industrial Facility Sale-and-Leaseback with WDP Romania
Kinstellar has advised SFC Solutions Automotive Romania on the sale-and-leaseback transaction for a 20,000-square-meter industrial facility with logistics property developer WDP Romania.
The Debrief: August 2023
In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.