EY Romania affiliated law firm Radu si Asociatii has become Bancila, Diaconu si Asociatii, with two Partners at the helm: Radu Diaconu and Emanuel Bancila.

Kinstellar has advised the joint venture of Romania's Element Industrial and Dedeman on the sale of Eli Park 1 to South African real estate investment trust Fortress. Dentons advised the buyer on the transaction.

European Directive no. 2019/904 on the reduction of the impact of certain plastic products on the environment was transposed into Romanian law as of 2 September 2021 by Ordinance no. 6/2021 on the reduction of the impact of certain plastic products on the environment (the “Ordinance”).

BPV Grigorescu Stefanica has advised Black Sea Fund I on the acquisition of a 70% stake in D-Toys. Schoenherr advised D-Toys founding shareholder Tibor Fustos as the seller.

On 31 August 2021, Government Ordinances nos. 8/2021 and 11/2021, amending the Fiscal Code and the Fiscal Procedure Code, were published in the Official Gazette no. 832/31.08.2021.

Dentons has advised Ciklum on its acquisition of Czech-based software development company CN Group from Genesis Capital. Havel & Partners advised Genesis Capital on the deal.

Volciuc-Ionescu, working with EY Law, has advised Mytilineos S.A. on the sale of two Romanian solar farms totaling 90 megawatts to Enel Group's Enel Green Power Romania. Clifford Chance advised Enel Group on the deal.

Mihaela Nyerges has joined Romanian firm Vlasceanu, Ene & Partners as a Partner.

Ijdelea Mihailescu has successfully represented Velikov and Co on a community trademark and community design dispute before the European Union Intellectual Property Office.

Following the adoption of the GDPR, an important new element was brought into Romania’s legal framework – the required designation of a Data Protection Officer (DPO), which is mandatory in some cases.

Ijdelea Mihailescu has advised United Petfood on its acquisition of 150,000 square meters of land close to Bucharest from an undisclosed seller.

CEE Attorneys/Boanta, Gidei si Asociatii has advised Sparking Capital on a EUR 180,000 investment in Romania-based digital platform Bankata.ro.

Few global industries have been as strongly affected by the COVID-19 pandemic as the hotel industry. All over the world, chains and bespoke hoteliers have had to face the impact of travel restrictions on bookings, in most cases leading to dire falls in occupancy rates and, subsequently, income. Now that the pandemic has been wreaking havoc for over a year, how is the hotel industry in CEE coping, and what options do hoteliers have? We spoke with three CMS Partners – Ana Radnev, Gregor Famira, and Lukas Hejduk – to get their opinions on the current situation and outlook on the future of the sector.

Doru Toma, Project Manager of Konrad Adenauer Foundation’s Leaders for Justice program, provides insight into the program’s values, goals, and structure.

Regional periodical league tables ranking M&A activity through the lens of the law firms advising on the deals are often dominated by Baltic law firms, with the CEELM Index special issue of the CEE Legal Matters magazine reflecting the same trend. To better understand why that is so, we spoke with several Partners – from both Baltic firms and other CEE jurisdictions.

RTPR has advised Rodbun Grup on a RON 278 million syndicated loan from Banca Comerciala Romana, CEC Bank, Raiffeisen Bank, Banca Transilvania, and Banca Romaneasca. Nestor Nestor Diculescu Kingston Petersen advised the bank syndicate.

On July 7, 2021, CEE Legal Matters reported that Zamfirescu Racoti Vasile & Partners and Simmons & Simmons had advised ALRO on a seven-year USD 40 million corporate loan from the Black Sea Trade and Development Bank to Romanian aluminum producer ALRO, part of Vimetco Group, for its capital investment program. CEE In-House Matters spoke with Dragos Voncu, Legal Director at the Vimetco Group, to learn more about the matter.

Deloitte Legal's Reff & Associates has advised Belgian developer Speedwell in refinancing the loan granted by BRD Groupe Societe Generale for the development of the Record Park Offices project in Cluj-Napoca. Tuca Zbarcea & Asociatii advised the bank.