DLA Piper and Rizoiu & Poenaru have advised Affidea Romania on its acquisition of the local network of three Explora clinics in Suceava.

CMS has advised the OTP Group on the binding agreement to sell its stake in OTP Bank Romania and all subsidiaries to Banca Transilvania for a combined purchase price is EUR 347.5 million. Filip & Company advised Banca Transilvania on the acquisition.

For us, 2023 was a stable year, with constant and varied activity in the real estate field, despite the less favorable context, characterized by high inflation, geopolitical instability and the impact on the economy. Our team has successfully completed several transactions, “pure” real-estate and especially transactions with a predominant M&A component. We were happy to notice a series of projects with 100% Romanian capital, initiated in 2023 and completed in the same year, targeting especially companies that have expanded and diversified their portfolio.

Schoenherr has advised Enery on its ten-year virtual cross-border power purchase agreement with Asahi Europe & International's Dreher Breweries in Hungary.

DLA Piper has advised Greek flag carrier Aegean Airlines on the sale of charter operator Animawings to Christian Tour Holding.

In the context of mergers & acquisitions (M&A), Intellectual Property (IP) plays an extremely important role in assessing the value and risks associated with the target company.

Stratulat Albulescu has advised Tobii on the acquisition of the AutoSense and Imaging businesses from Xperi.

PeliPartners has advised the Adventum Group on the lease extension agreement with Genpact Romania for business premises in the Hermes Business Campus, in northern Bucharest.

Schoenherr has advised the TeraPlast Group on its acquisition of the Wolfgang Freiler Group from Austria's Uhl family.

In 1998, in the aftermath of the most famous class action in history, Philip Morris and three other tobacco companies had to pay a $ 206,000,000,000 settlement covering medical costs for smoking-related illnesses.

On 1 February 2024, the National Energy Regulatory Authority (ANRE) in Romania published for consultation an order aimed at approving new rules in the power grid connection sector.

Dentons, Binder Groesswang, and Djingov Gouginski Kyutchukov & Velichkov have advised UniCredit Bulbank and the EBRD on the financing for Enery Development's construction and operation of a large-scale solar plant in north-eastern Bulgaria set to add 112.5 megawatts of solar power generation to the country's electricity system. Schoenherr reportedly advised Enery Development.

As background, in December 2022, the EU Council adopted the policy programme ‘Path to the Digital Decade’, aiming to facilitate a seamless transition to digital transformation by 2030, aligning with EU values. This program sets specific digital targets for EU countries to achieve by 2030, including the development of national trajectories and strategic roadmaps to enhance digital infrastructure's security, accessibility, and sustainability. Notably, a key focus area of the EU digital strategy is digital services.

Bulboaca & Asociatii has recently announced the promotion of Partner Catalin Petrea to the position of Deputy Managing Partner, a first in the firm's history.

Did you know that, according to the Activity Rankings function of the CEELMDirect website, a total of twenty law firms and seventeen individual lawyers worked on five or more reported Romanian client matters in 2023? 

Ijdelea & Associates has advised United Petfood on the regulatory and permitting procedures for the construction of a new production and storage facility in Romania.

Looking back at 2023, we witnessed important developments in the legal framework for environmental protection (in the broad sense).

Exciting developments are on the horizon for the Romanian banking community, as efforts are underway to streamline the framework regulating outsourcing arrangements.