BRD, BCR and Raiffeisen Bank to split ownership of CIT One

PNSA advised BRD Groupe Société Générale on its co-investment, along with Raiffeisen Bank and BCR, in CIT One, a company specialised in the transport, processing and storage of cash and other valuables, initially owned by BCR. CIT One will be… Read moreBRD, BCR and Raiffeisen Bank to split ownership of CIT One

Certinvest private pension fund to be taken over by Banca Transilvania Group

POPOVICI NIȚU STOICA & ASOCIAȚII advised its long-standing client SAI CERTINVEST SA, one of the oldest and most respected fund’s management companies in Romania, on the sale of private pension fund Certinvest Pensii to BT Asset Management SAI and BT… Read moreCertinvest private pension fund to be taken over by Banca Transilvania Group

Successful defence in an abuse of office criminal investigation in the financial industry

PNSA has successfully represented a financial institution in a criminal investigation conducted by the National Anticorruption Directorate (DNA) Cluj Office for abuse of office, forgery and use of forgery deriving from the acceleration of a loan, the enforcement of the… Read moreSuccessful defence in an abuse of office criminal investigation in the financial industry

Criminal liability of corporations – Global vs Romanian approach

Criminal liability of corporations is a hot topic worldwide. From financial institutions to global corporations, almost daily we hear about a large corporation being investigated, signing a Deferred Prosecution Agreement or being convicted, usually for money laundering, tax evasion or… Read moreCriminal liability of corporations – Global vs Romanian approach

Tax evasion charges dismissed against leading grains trader

PNSA successfully defended a leading grains trader in a criminal investigation for tax evasion and money laundering in relation to intra-Community transactions with grains. PNSA team led by Partner Alexandru Ambrozie, also included Tax Partner Mihaela Pohaci, VAT Manager Raluca… Read moreTax evasion charges dismissed against leading grains trader

PNSA advised Ameropa Group on a €324 million syndicated financing

PNSA advised its long-standing client Ameropa Group, worldwide leading Swiss grain and fertilizer trader, on the €324 million multicurrency revolving financing granted by a syndicate of banks composed of Banca Comerciala Romana, Raiffeisen Bank, ING Bank N.V. Amsterdam – Bucharest Branch and… Read morePNSA advised Ameropa Group on a €324 million syndicated financing

OPTIblue and Klarmann to be taken over by Innova Capital

POPOVICI NITU STOICA & ASOCIATII advised Optical Network, the leading retailer and an important distributor on the Romanian optical market, on its sale to private equity fund Innova Capital. Optical Network operates as a retailer of a large array of… Read moreOPTIblue and Klarmann to be taken over by Innova Capital