Deloitte’s Corporate Finance practice advised the shareholders of Fabryo in the sale to Akzo Nobel

Deloitte Romania’s Corporate Finance practice has advised the shareholders of Fabryo, the leading Romanian decorative coatings manufacturer, in the successful sale of 100% of the shares to Akzo Nobel N.V. The transaction was completed on October 1st, 2018, after receiving… Read moreDeloitte’s Corporate Finance practice advised the shareholders of Fabryo in the sale to Akzo Nobel

Double victory for ȚUCA ZBÂRCEA & Asociații at last night’s Lawyers’ Awards Gala organised by Ziarul Financiar

Romania’s most active transactional lawyers were awarded last night for their achievements in some of the most spectacular M&A deals concluded in 2017 and in the first half of 2018. Lawyers’ Awards Gala celebrates and recognises legal excellence across various… Read moreDouble victory for ȚUCA ZBÂRCEA & Asociații at last night’s Lawyers’ Awards Gala organised by Ziarul Financiar

The reverse-charge mechanism for supplies susceptible to fraud was extended until 30 June 2022

The Council of the European Union adopted, on the 24th of September 2018, the prolongation of the period for the application of the optional reverse charge mechanism for supplies of goods and services susceptible to fraud. The same document approved… Read moreThe reverse-charge mechanism for supplies susceptible to fraud was extended until 30 June 2022

Romania loses annually over EUR 6 billion due to VAT gap, according to an European Commission report

According to a report recently issued by the European Commission, uncollected VAT represents EUR 6.13 billion loss for Romania´s 2016 budget. At EU level, uncollected VAT amounted to EUR 147.1 billion, which represents a 12.3% VAT gap. All 6 Central… Read moreRomania loses annually over EUR 6 billion due to VAT gap, according to an European Commission report

Cryptocurrency transactions in the online gambling industry: today and tomorrow

In recent years, the cryptocurrency industry has considerably evolved, both globally and locally, and a series of recent events, including from a legal perspective, are indicating that the industry will continue to develop. For instance, the Government of Gibraltar and… Read moreCryptocurrency transactions in the online gambling industry: today and tomorrow

Why is it important for Romania to ratify Protocol No. 16 to the Convention for the Protection of Human Rights and Fundamental Freedoms

On August 1st, 2018, Protocol no. 16 to the Convention for the Protection of Human Rights and Fundamental Freedoms came into force. Romania is one of the State Parties who signed the Protocol no. 16, but did not yet ratify… Read moreWhy is it important for Romania to ratify Protocol No. 16 to the Convention for the Protection of Human Rights and Fundamental Freedoms

RLWeek September 10-16, 2018: Medicine prices approved | Regulations regarding forest fund wood mass | Hygiene and public health provisions amended

Ioana Catalina Barbu

Medicine prices approved. On Tuesday, the 11th of September 2018, the Ministry of Health set for public debate a draft Order approving the prices for medicine found in the National Catalogue of prices for human-use medicine authorised in Romania. [source]… Read more<b>RLWeek</b> September 10-16, 2018: Medicine prices approved | Regulations regarding forest fund wood mass | Hygiene and public health provisions amended

Monica Guminski and Alexandru Aparaschivei, promoted directors at Deloitte Romania

Deloitte Romania strengthens its management team by promoting Monica Guminski and Alexandru Aparaschivei to director roles, following their significant achievements serving clients, developing colleagues and growing the business. Monica Guminski, formerly Senior Manager Audit and Assurance, has been promoted to… Read moreMonica Guminski and Alexandru Aparaschivei, promoted directors at Deloitte Romania