ȚUCA ZBÂRCEA & ASOCIAȚII advised Global Technical Group on selling a majority interest to Abris Capital Partners

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Global Technical Group, the leading end-to-end solution provider for building management in Romania, has agreed to sell its majority stake to Abris Capital Partners. ȚUCA ZBÂRCEA & ASOCIAȚII advised Global Technical Group on a transaction by which the group of… Read moreȚUCA ZBÂRCEA & ASOCIAȚII advised Global Technical Group on selling a majority interest to Abris Capital Partners

Important Aspects for Triggering the Public Authorities’ Liability for the Issuance of Unlawful Administrative Documents

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The liability of the public authority for the harm caused by unlawful unilateral administrative documents/actions is regulated under express legal provisions – Art. 8 para. 1 in conjunction with Art. 19 of Law 554/2004 -. From a procedural perspective, this… Read moreImportant Aspects for Triggering the Public Authorities’ Liability for the Issuance of Unlawful Administrative Documents

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