Romanian Lawyers Week

Țuca Zbârcea & Asociații receives Top Tier ratings and secures record number of recommended lawyers in IFLR1000’s 32nd edition

The British media trust Euromoney has recently released the final group of rankings that represent IFLR1000 – 2022 edition, a guide to the most active and the most successful law firms in the financial and corporate world. As regards Romania,… Read moreȚuca Zbârcea & Asociații receives Top Tier ratings and secures record number of recommended lawyers in IFLR1000’s 32nd edition

The founders of Get’s Bet Group, a leading Romanian operator in the gambling and sports betting sector, successfully finalized the negotiations for the sale of a majority stake to Emma Capital, a private investment fund established in 2012 by the… Read moreBăncilă, Diaconu și Asociații advises the founders of the Get’s Bet group in the sale of a 67% stake to Emma Capital

Musat & Asociatii advised Teconnex, world-class manufacturer in the industrial and automotive industry, on the acquisition of a 7,500 sq.m. industrial platform in Tureni, Cluj County, where Teconnex current operations are located. Teconnex (part of Hexadex Group) is a world… Read moreMușat & Asociatii advises Teconnex on the acquisition of an industrial platform in Tureni, Cluj County

The UIHJ (Union Internationale des Huissiers de Justice – International Union of Judicial Officers – www.uihj.com) was created in 1952. One hundred national Chambers or associations of judicial officers, as well as public services of civil enforcement are currently member… Read moreXXVth International Congress of the International Union of Judicial Officers – Rio de Janeiro (Brazil)

The staff policies of companies around the world increasingly rely on technology to fill the workforce shortage, with almost 60% of them estimating an increase in the use of artificial intelligence (AI), robots or chatbots, while 37% foresee a more… Read moreDeloitte-MIT Sloan Management Review study: companies increasingly rely on technology-based solutions such as artificial intelligence, robots or mobile applications to fill workforce shortage

General aspects The two main forms of non-governmental organizations that may be established in Romania are the associations and foundations. While an association may be incorporated by at least three domestic/foreign individuals/entities as founding members, a foundation may be incorporated… Read moreLegal education programme for individuals fleeing Ukraine in Romania: Establishing a non-governmental organization in Romania (“NGO”)

Budget changes for 2022. On Friday, the 19th of August 2022, Ordinance no. 19/2022 amending the state budget for 2022 was published in The Official Journal of Romania, Part I, no. 821. The general consolidated budget revenue increased with 30.3… Read more<strong>RLWeek</strong> August 22 – 28, 2022: Budget changes for 2022. EGO on private pensions. Personal fiscal verification form amended. Crowdfunding law. Fiscal procedure code amended. EGO on paternal leave

Wolf Theiss has advised Raiffeisen Bank S.A. (Romania) on its issue of RON 500,850,000 Senior Non-Preferred Eligible Sustainability Notes. This is the first sustainability RON denominated bond issue of a Romanian issuer as of 10 August 2022, with a fixed… Read moreWolf Theiss advises Raiffeisen Bank S.A. (Romania) on its first issue of Senior Non-Preferred Sustainability Notes

Nestor Nestor Diculescu Kingston Petersen (NNDKP) has assisted, since June 2020, the Beverage Producers Alliance comprised of the Brewers of Romania Association and the Romanian Soft Drinks Association in setting up a deposit return system (DRS) for single-use primary packaging…. Read moreNNDKP assisted the Beverage Producers Alliance in creating the deposit return system for single-use primary packaging, including in setting up and obtaining the accreditation of RetuRO as sole administrator of the Romanian system

• This is the largest deal of non-performing assets on the Romanian market in 2022, involving a portfolio with a face value of around 147 million euros Reff & Associates | Deloitte Legal and Deloitte Romania advised Bank of Cyprus… Read moreReff & Associates and Deloitte Romania assisted Bank of Cyprus in the sale of the residual portfolio of non-performing loans and repossessed properties owned in Romania in a transaction which has just been closed