CMS Romania is pleased to announce that five members of the firm’s legal and tax team have been promoted to Counsel, Senior Associate and Tax Assistant Manager as of 1 July 2021. Claudia Nagy (Corporate M&A, Competition) and Mircea Moraru (Corporate M&A)… Read morePromotions in the CMS Romania team
International law firm CMS has assisted the National Bank of Greece (NBG) on completing the disposal of a Romanian-risk portfolio of non-performing and underperforming corporate loans (NPLs), with a total gross book value of approximately €174 million (€102 million of allocated… Read moreCMS assists National Bank of Greece with disposal of Romanian non-performing corporate loan portfolio (Project Danube)
The European Commission has approved a Romania state aid scheme valued at RON 4 billion (EUR 800 million) for the financing of large enterprises and small and medium-sized enterprises (SMEs) with a 2019 turnover of more than RON 20 million… Read moreCOVID-19: State aid scheme for financing large enterprises is to become operational in Romania
The Romanian parliament approved a law that stops any sale of shares owned by the Romanian state for the next two years. Given the current volatile economic outlook and in an effort to provide safety measures to keep the national… Read moreRomania government prohibited from selling shares in Romanian companies for two years
The Romanian Competition Council (RCC) issued a public statement confirming that it is willing to accept a certain amount of cooperation between companies in order to overcome or reduce the negative impact of the current crisis. (Further details are available… Read moreRomanian competition watchdog follows the EU in allowing cooperation in the pharma sector
In a further attempt to mitigate the effects of the COVID-19 outbreak, Romanian Competition Council (RCC) issued a press release providing further guidance on business practices for companies during the COVID-19 pandemic (see here for our reporting on the first guidance)…. Read moreRomanian competition watchdog issues new guidance on cooperation during the crisis
