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)
Europe has returned to a ‘buyer-friendly’ environment, after the COVID-19 pandemic created more risk-averse attitudes. As a result, CMS’ latest annual M&A study identified significant increase in liability caps, longer limitation periods and fewer locked box deals. The multi-year analysis… Read moreCMS: European M&A environment flips to ‘buyer-friendly’ in response to COVID-19
• Deal volume in emerging Europe dropped by 12.9% (1,705 deals) and total value by 16% (EUR 60.80bn) in 2020 • Romanian market contraction below region’s average: 4.9% (in volume), 6.9% (value) • The highest Q4 deal value since 2016… Read moreEmerging Europe M&A 2020 activity dampened but far from snuffed out
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
