International law firm CMS has advised the European Bank for Reconstruction and Development (EBRD) on an up to 30 million EUR revolving working capital loan to Premier Energy SRL, the third largest player on the natural gas distribution market in… Read moreCMS advises EBRD on EUR 30 million Premier Energy financing in Romania
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
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
PNSA advised Romanian Business Consult (RBC), the largest integrator of IT solutions for the retail industry, on the acquisition of Fullscreen Digital software company, thus strengthening its expertise in software development and digital transformation and expanding the range of IT… Read moreRBC takes over Fullscreen Digital
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
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
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, 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 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
We are delighted to announce that Popovici Nițu Stoica & Asociații won the prestigious “Best Real Estate Law Firm of the Year” distinction at the CIJ Awards Gala, a hallmark event that took place on December 8, 2022 at the… Read morePNSA wins the “Best Real Estate Law Firm of the Year” award at the CIJ Awards Gala
