Deloitte Romania assisted RetuRO in obtaining the largest private green loan in Romania from ING Bank, amounting to RON 426 million, for the implementation of the Deposit-Return System

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Deloitte Romania assisted RetuRO, the company set up according to the current legislation with the purpose of managing the Deposit-Return System, considered Romania’s most important circular economy project to date, in securing a green financing of RON 426 million from… Read moreDeloitte Romania assisted RetuRO in obtaining the largest private green loan in Romania from ING Bank, amounting to RON 426 million, for the implementation of the Deposit-Return System

Ioana Gelepu The Office Litigation & Enforcement obtains a final ruling annulling the enforcement of the EUR 1.8 million

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On the 13th of July 2023, it has been decided the non-existence of this claim, brought by a prominent entrepreneur operating on the Romanian market against a company, part of a renowned group holding a chain of shopping centers throughout… Read moreIoana Gelepu The Office Litigation & Enforcement obtains a final ruling annulling the enforcement of the EUR 1.8 million

Bondoc si Asociatii assists RetuRO Sistem Garanție Returnare, the sole administrator of the local DRS scheme, in obtaining a RON 426 million green financing

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Bondoc si Asociatii has been assisting RetuRO Sistem Garanție Returnare, the sole administrator of the Romanian deposit-return system (DRS), in accessing a RON 426 million (approx. EUR 85.7 million) green financing to support its investments in the technical infrastructure necessary… Read moreBondoc si Asociatii assists RetuRO Sistem Garanție Returnare, the sole administrator of the local DRS scheme, in obtaining a RON 426 million green financing

Revised legislative package on payments on its way: PSD 3 and PSR key updates impacting the PI authorisation phase

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CONTEXT On 28 June 2023, the European Commission published the proposals for the legislative package on payment services (“Revised Payments Legislative Package”) that will replace the Directive (EU) 2015/2366 on payment services in the internal market (“PSD 2”) and Directive… Read moreRevised legislative package on payments on its way: PSD 3 and PSR key updates impacting the PI authorisation phase