RLWeek July 15-21, 2019: Agency of Food Product Quality and Marketing established. New provisions regarding driving license suspending. Government Ordinance regarding railway safety. Revenge pornography incrimination

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2019 amendment approval to Regulation annexed to European Agreement concerning the International Carriage of Dangerous Goods by Inland Waterways published. On Friday, July 12, 2019, the Ministry of Transportation set up for public debate a draft Order publishing the approval… Read more<strong>RLWeek</strong> July 15-21, 2019: Agency of Food Product Quality and Marketing established. New provisions regarding driving license suspending. Government Ordinance regarding railway safety. Revenge pornography incrimination

Implementation of 4th AML Directive brings new regulatory hurdles in Romania

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As we previously informed, Law no. 129/2019 which implements the 4th Anti-Money Laundering Directive, Directive (EU) 2015/849, was promulgated by the Romanian President and will come into force three days after being published in the Romanian Official Gazette. Legal entities… Read moreImplementation of 4th AML Directive brings new regulatory hurdles in Romania

4th Anti-Money Laundering Directive results in amendments to Romanian Companies Law

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On 11 July 2019, the Law for preventing and combating money laundering and terrorist financing (the “Law”), which transposes the 4th Anti-Money Laundering Directive, Directive (EU) 2015/849, was promulgated by the Romanian President. The Law will come into force three… Read more4th Anti-Money Laundering Directive results in amendments to Romanian Companies Law

PNSA advised Ameropa Group on a €324 million syndicated financing

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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

NNDKP assisted a syndicate of banks in a EUR 324 million financing

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NNDKP has successfully assisted a syndicate of Banks comprising Banca Comerciala Romana SA (BCR) and Raiffeisen Bank SA as joint Initial Mandated Lead Arrangers, Bookrunners and structuring banks together with ING Bank N.V. Amsterdam – Bucharest Branch and UniCredit Bank,… Read moreNNDKP assisted a syndicate of banks in a EUR 324 million financing

OPTIblue and Klarmann to be taken over by Innova Capital

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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

REFF & ASSOCIATES announces the expansion of the Litigation team

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REFF & ASSOCIATES announces the expansion of the Litigation team and welcome Mihnea Galgotiu-Sararu and Ana Pantilica. Andreea Artenie, Partner with REFF & ASSOCIATES and leader of the Litigation practice: “This is another testimony of the maturity of our practice,… Read moreREFF & ASSOCIATES announces the expansion of the Litigation team

RLWeek July 8-14, 2019: Administrative Code of Romania. Law no. 127/2019 on the public pension system. Romania prepares national strategy to combat anti-Semitism, xenophobia, radicalization and hate speech

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Administrative Code of Romania. In the Official Gazette of Romania, Part I, no. 555 of 5 July 2019 the Government Emergency Ordinance no. 57/2019 on the Administrative Code has been published. The long-awaited Administrative Code regulates the general framework for the… Read more<strong>RLWeek</strong> July 8-14, 2019: Administrative Code of Romania. Law no. 127/2019 on the public pension system. Romania prepares national strategy to combat anti-Semitism, xenophobia, radicalization and hate speech