Camelia Bogdan v. Romania (Application No 32916/20). Update: Restoration to the Court’s list under Rule 43 ind. 1 of the Court and Referral to Grand Chamber under Article 43 of the European Convention of Human Rights

The European Court of Human Rights informed the Applicant that her request for Restoration to the Court’s list under Rule 43 ind.1 of the Court and Referral to the Grand Chamber under Article 43 of the European Convention of Human… Read moreCamelia Bogdan v. Romania (Application No 32916/20). Update: Restoration to the Court’s list under Rule 43 ind. 1 of the Court and Referral to Grand Chamber under Article 43 of the European Convention of Human Rights

Changes to the subsidies scheme for electricity and natural gas bills and other amendments to embrace the energy crisis

On 13 December 2022, Law No. 357/2022 (“Law 357/2022”) on the approval of Emergency Ordinance No. 119/2022 amending Emergency Ordinance No. 27/2022 (“GEO 27/2022”) on measures applicable to final customers in the electricity and natural gas market in the period… Read moreChanges to the subsidies scheme for electricity and natural gas bills and other amendments to embrace the energy crisis

RLWeek December 12- 18, 2022: Updates on fiscal measures, minimum wage, sports fines, and Official Journal fees

New fiscal and budgetary measures. On Friday, the 9th of December 2022, Emergency Ordinance no. 168/2022 on certain fiscal and budgetary measures was published in the Official Journal of Romania, Part I, no. 1186. [source]   Minimum wage to be… Read more<strong>RLWeek</strong> December 12- 18, 2022: Updates on fiscal measures, minimum wage, sports fines, and Official Journal fees

Țuca Zbârcea & Asociații advised on a new credit facility for MedLife, as part of a EUR 228 million syndicated loan

MedLife, the leading private healthcare provider in Romania, has obtained a refinancing and an increase by EUR 50.7 million of existing credit facilities, now totalling EUR 228 million. Țuca Zbârcea & Asociații advised the banking syndicate consisting of Banca Comercială… Read moreȚuca Zbârcea & Asociații advised on a new credit facility for MedLife, as part of a EUR 228 million syndicated loan

Recent changes to the legal framework for promoting the use of energy from renewable sources

On 6 December 2022, Government Emergency Ordinance no. 163/2022 (“GEO 163/2022” or the “Ordinance”) for supplementing the legal framework on the promotion of the use of energy from renewable sources and for amending and supplementing certain regulatory acts, was published… Read moreRecent changes to the legal framework for promoting the use of energy from renewable sources

PNSA advised Electromontaj on the acquisition of Hidroconstructia and ABC Asigurari Reasigurari

PNSA advised Electromontaj, the energy construction market leader in Romania, on the acquisition of Hidroconstructia, the largest Romanian company specialized in the field of hydropower and hydrotechnical constructions. The transaction also includes the subsidiaries of Hidroconstructia, namely ABC Asigurari Reasigurari,… Read morePNSA advised Electromontaj on the acquisition of Hidroconstructia and ABC Asigurari Reasigurari

Alpha Bank launches the first card tokenization option in the local market for online merchants and integrators

Alpha Bank Romania, a financial institution recognized for introducing innovations in the local market in the field of payment services (Tap-To-Phone, Instant Money Back, Instant Disbursement, etc.), announces the launch of the card tokenization functionality, integrated in the card scheme… Read moreAlpha Bank launches the first card tokenization option in the local market for online merchants and integrators