Summary: 1. Law No. 296/21.12.2020 amending and supplementing Law No. 227/2015 regarding the Fiscal Code, as amended by the Emergency Ordinance No. 226/31.12.2020 regarding certain tax-budgetary measures and for amending and completing certain normative acts and for extending some terms… Read moreImportant amendments to the fiscal legislation
Deloitte assisted the Austrian insurer Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG) in the acquisition of the Dutch group Aegon‘s non-life and life insurance, pension and asset management businesses in Hungary, Poland, Romania and Turkey. With a purchase price… Read moreDeloitte assisted Vienna Insurance Group AG Wiener Versicherung Gruppe in the acquisition of Aegon assets in Hungary, Poland, Romania and Turkey
Biriş Goran has successfully represented its client, Tubinox SA, in the sale of one property composed of land and related buildings. The land of approximately 100,000 square meters is located in Bucharest on the platform of the former Republica factory… Read moreBIRIŞ GORAN advises Tubinox SA in the sale of one of its properties
Teodora has been working for Suciu – The Employment Law Firm for more than one year and has been an invaluable member of our team. Her performance as an employment and data protection lawyer has been influential for prompt and… Read moreSuciu – The Employment Law Firm: We are thrilled to announce the promotion of Teodora Manaila to Senior Associate effective January 1
On 1 January 2021, NGL Symbio is officially operational, and our international alliance of independent law firms becomes live. This new international alliance is built by partnering strong law firms in the CEE region: BIRIȘ GORAN in Romania, Rowan Legal… Read moreNGL Symbio, an international alliance of independent law firms, becomes officially operational starting with 1st of January 2021
On 1 September 2020, Romania enacted ANRE Order 61/2020 (Order 61), which approves three regulations – the Regulation on the scheduling of dispatchable production units, dispatchable consumers and dispatchable storage facilities; the Regulation on the operation and settlement of the… Read moreRomania introduces new balancing rules for the electricity market
Radu şi Asociații SPRL offered legal assistance to Romanian entrepreneurs Ovidiu Andrieș and Daniel Imbre, founders of the largest independent gas station operator in Romania (Smart Diesel), regarding the sale to the German group DKV of the Smart Diesel fuel… Read moreRadu și Asociații SPRL has assisted the shareholders of Smart Diesel in relation to the sale of the Smart Diesel fuel card business towards the German group DKV
Two thirds of legal departments are currently involved in employee safety issues and they expect return-to-work policies to be one of the top legal priorities going forward, as half of Chief Legal Officers (51%) anticipate their organizations will return to… Read moreDeloitte survey: Employee safety and return-to-work policies are the top legal issues impacting organizations as they expect a return to a normal level of operation in the first half of 2021
International law firm CMS has advised National Bank of Greece (NBG) on the disposal of a Romanian-risk corporate non-performing and sub-performing loan (NPE) portfolio with a total gross book value of c. €174 million (€102 million of allocated collateral value)… Read moreCMS advises National Bank of Greece on the sale of a large NPL portfolio to Bain Capital Credit
On 21 December 2020, Law no. 296/2020 for the amendment and completion of the Tax Code was published in the Official Gazette, which includes the following main measures: Definitions and general provisions The definitions of “effective place of management”, “resident”,… Read moreRomania amends Tax Code for 2021
