Press release Bucharest, 10 October 2023 Mușat & Asociații advised Naxxar Renewable Energy on the signing of a conditional agreement for the sale of a 60% stake in Naxxar Wind Farm Four SRL (NWF4 – the project company) to Polenergia, the largest private energy group on the Polish market. Currently, Naxxar through NWF4 is developing…
Press release Bucharest, 31 January 2024 Mușat & Asociații advised Tecadra Hotels on the partnership with Accor Group, a world leader in hospitality, for the complete transformation and expansion of the Tecadra Hotel, located in the northern part of Bucharest. The legal assistance provided included aspects related to real estate and construction, as…
Press Release Bucharest, 3 August 2023 Musat & Asociatii advised Adesgo SA, the biggest producer of seamless underclothing in Romania in connection with the sale of its business related to the manufacturing, marketing and selling of seamless apparel to Tefron Europe, part of an Israeli group, developer and manufacturer of seamless products, recently entered to…
Press release Bucharest, 24 July 2023 Musat & Asociatii advised Geely Holding Group and Geely Automobile Holdings Limited (collectively referred to above as “Geely”) on the Romanian legal aspects of a binding 50/50 joint venture agreement with Renault Group to launch a new powertrain technology company that aims to become the global leader in developing,…
Press Release Bucharest, 18 July 2023 Mușat & Asociații has been named for the second consecutive year winner of the Eastern Europe Firm of the Year award at the LMG Life Sciences Awards EMEA 2023, which took place on 13 July in London. LMG Life Sciences is one of the most prestigious legal guides that…
Sorry, this entry is only available in Romanian. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language. Mușat & Asociații și Juridice.ro au organizat dezbaterea “Răspunderea penală a persoanelor juridice. Prevenție, conformitate și managementul riscului”, eveniment care a reunit…
Sorry, this entry is only available in Romanian. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language. Avertizarea timpurie definită prin dispozițiile art. 5 pct. 51 din forma actuală a Legii nr. 85/2014 privind procedurile de prevenire a insolvenței…
Musat & Asociatii advised Magna International Inc. on the Romanian legal aspects of the completion of its acquisition of Veoneer’s Active Safety Business from SSW Partners. The combined business is projected to generate more than $3 billion in sales in 2024. With the completion of this acquisition, Magna further strengthens its active safety business, and…
Musat & Asociatii advised Switzerland’s construction chemicals group Sika AG on Romanian legal aspects of its EUR 5.3 billion acquisition of Master Builders Construction Chemicals (MBCC) Group from Lone Star Funds, a global private equity firm. The deal implied the divestment of MBCC’s concrete admixtures business to the international private equity investor Cinven. The transaction…
Musat & Asociatii advised Ecolab, a global leader in water, hygiene and infection prevention solutions and services, on the Romanian law aspects of its strategic acquisition of Purolite Corporation, involving around 30 jurisdictions over six continents. The acquisition was structured as a cash transaction and valued at approximately USD 3.7 billion. Purolite is a global…
Musat & Asociatii advised Switzerland’s construction chemicals group Sika AG on all Romanian legal aspects of its EUR 5.2 billion acquisition of MBCC Group (Master Builders Construction Chemicals) from Lone Star Funds, a global private equity firm. The acquisition is subject to regulatory clearances and is expected to close by the end of 2022. With…
Mușat & Asociații advised Catted, a Romanian logistics and warehousing company, on the sale of logistics park Business Park Chitila, with a total leasable area of 7000 sqm, and of a 45.ooo sqm land in Ștefănești to estate developer Globalworth. With this strategic partnership, Catted and Globalworth aim to strengthen their offering for small and…
Sorry, this entry is only available in Romanian. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language. Declarația fiscală 101 și instrucțiunile sale de completare au fost ajustate prin intermediul Ordinului nr. 423/2022. Aceste modificări erau așteptate deoarece din…
Sorry, this entry is only available in Romanian. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language. Mult așteptata Lege nr. 72/2022 pentru anularea unor obligații fiscale și pentru modificarea unor acte normative a fost publicată în data de…
Sorry, this entry is only available in Romanian. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language. Având în vedere necesitatea de a fi întreprinse în continuare măsuri de sprijin şi asistenţă umanitară pentru cetăţenii ucrainieni sau apatrizii afectaţi…
Sorry, this entry is only available in Romanian. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language. Institutul Național de Pregătire a Practicienilor în Insolvență (INPPI), în parteneriat cu Institutul Național al Magistraturii (INM) și editura Universul Juridic a…
Sorry, this entry is only available in Romanian. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language. Mușat & Asociații a organizat în data de 26 mai 2022 cea de-a patra ediţie a conferinţelor din seria „Parteneriat în insolvență…
Sorry, this entry is only available in Romanian. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language. 1. Noul sistem RO e-Transport a fost implementat prin intermediul Ordonanței de Urgență nr. 41/2022, în vigoare din 11 aprilie 2022. Adoptarea…
In this article in The Legal 500 (Legalease)‘s In-house Lawyer magazine, winter 2022 edition, Partner Alexandru Terta and Managing Associate Stefan Diaconescu highlight the essential role that the European Public Prosecutor’s Office (EPPO) will play in criminal investigations aimed at preventing and sanctioning individuals and/or legal entities who perpetrate crimes against the financial interests of the…
Looking ahead, 2022 could be a crucial year for real estate investments in Romania. The implementation of the country’s National Recovery and Resilience Plan (NRRP) calls for extensive legislative changes that may have a real impact on the business environment. In this second article in The Legal 500 (Legalease)‘s In-house Lawyer magazine, the winter 2022…
Congratulations to Managing Associate Stefan Diaconescu, winner of the Rising Star Award for Romania at the Rising Stars Awards EMEA 2021, awarded by Euromoney’s Legal Media Group, part of the prestigious IFLR1000 guide. The awards celebrate EMEA’s future legal leaders from law firms and in-house teams, recognizing rising star lawyers across 28 practice areas and…
Musat & Asociatii advised tech giant Google LLC (Google) on all Romanian legal aspects of its acquisition of Fitbit for a total equity value of approximately USD 2.1 billion. Founded 13 years ago, Fitbit is currently one of the leading producers of smart health and fitness wearable devices, with more than 29 million active users…
Mușat & Asociații’s lawyers obtain a new favourable solution in front of the High Court of Cassation and Justice that for the first time questions the practice of the tax authorities regarding the tax treatment applicable to sponsorship/patronage/private scholarships expenses Press Release The team of lawyers specialised in tax litigation from Mușat & Asociații’s…
Musat & Asociatii is delighted to announce the consolidation of its core partnership by appointing Paul Buta as Managing Partner and promoting three new Partners (Alexandru Terța, Iuliana Iacob and Andrei Ormenean). All four are exceptional lawyers with a combined professional experience of more than 55 years and a long and impressive career with the…
We are delighted to announce that partner Monia Dobrescu has been named to IFLR1000 Women Leaders in Romania for 2022. In its 5th edition, IFLR1000 Women Leaders this year recognizes more than 1000 women lawyers globally with outstanding reputations within their markets. A partner at Muşat & Asociaţii for a decade, Monia coordinates the Banking…
Musat & Asociații’s Partner Monia Dobrescu has been named as one of 2021’s IFLR1000 Women Leaders, IFLR1000’s yearly guide to the leading women lawyers in the world, working in financial and corporate law. This year’s edition features an elite group of more than 750 women lawyers across EMEA, Asia-Pacific and the Americas. According to IFLR, this is…
As exclusive contributors to the Romanian chapter of this year’s Employment & Labour Law Country Comparative Guide published by the international legal directory The Legal 500, Deputy Managing Partner Mihai Popa and Managing Associate Simona Anton answer key questions for employers, from employee rights or protections to navigating termination of employment. You can find out…
Mușat & Asociații advised CATTED Group, a Romanian business group encompassing companies operating in the real estate sector, on a project financing granted by Libra Internet Bank for the development of the CATTED Family residential project. “We are pleased to have worked with Mușat & Asociații on financing CATTED Family, in the present, the largest…
Mușat & Asociații successfully advised the syndicate of banks comprised of Jefferies Finance LLC, J. P. Morgan and Danske Bank A/S, as lenders, on the Romanian law aspects involving the Romanian company BFG Packaging SRL, as part of the EUR 650 million financing of the multijurisdictional acquisition of four companies in the business-to-business (“B2B”) distribution…
We’re thrilled to have been named “Eastern Europe Firm of the Year” at the LMG Life Sciences Awards EMEA 2022 held on 12 May in London. A big congratulations to the entire Mușat & Asociații team for winning this award and a big thank you to our clients! We are also very proud that we…
By Managing Associate Stefan Diaconescu Cybercrime is rapidly growing in numbers in the current economic and social context in which communication, trading, business meetings or shopping take place mostly online. Threats arising from cyberspace are more and more sophisticated, with recent surveys showing that persons who perpetrate frauds are becoming ever more adept at misleading…
For the second year in a row, Muşat & Asociaţii authors the Lexology GTDT’s Labour & Employment chapter for Romania. Managing Associate Simona Anton and Senior Associate Evelina Mieisor-Grecu highlight key employment issues businesses should consider and give an overview of worker representation, hiring employees, including foreign workers, liability for acts of employees, taxation, employee-created…
We are delighted to have been shortlisted for the third time in a row in as many editions for LMG’s Life Sciences Awards 2022. This year, Mușat & Asociații is nominated 4 times: 2 Europe-wide nominations in the category “Law Firm of the Year” Awards, for “Patent Strategy Firm of the Year” and “Product Liability…
In Thomson Reuters’ latest Q&A guide to equity capital markets law in Romania, part of their Practical Law Series, Deputy Managing Partner Razvan Stoicescu, Managing Associate Adrian Danciu & Senior Associate Robert Urmosi outline legislation and listing requirements, offering structures, advisers, prospectus/offer document, marketing, bookbuilding, underwriting, timetables, stabilisation, tax, continuing obligations and de-listing. You can…
Banking Partner Monia Dobrescu writes about concepts of “Credit Institution” and “Bank”— Credit institution and the general procedure for the authorization of banks in Romania, in Thomson Reuters’ April 2020 edition of International Banking Law and Regulation, Romanian law chapter. You can read more HERE Reprinted from International Banking Law and Regulation (April 2020 update) with permission. Copyright…
Sorry, this entry is only available in Romanian. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language. Ordonanța de urgență nr. 69/2020 prin care Guvernul acordă bonificații pentru plata unor obligații fiscale, prorogă unele termene, precum și alte măsuri…
Sorry, this entry is only available in Romanian. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language. Autori: Mihai Popa, Deputy Managing Partener și Cristi Tudor, Managing Consultant Nu este o noutate faptul că pandemia COVID-19 își face resimțit…
Starting with 15th of May 2020, the state of emergency was replaced with the state of alert in Romania. Therefore, while the legislative context in continuous change is still imposing protective measures, the Romanian Government is looking to gradually relax the lockdown measures. 1. Measures impacting employment relationships (i) Employees must consent for telework.…
In the Official Gazette no. 319 dated 16 April 2020, the Emergency Government Ordinance no. 48/2020 on certain fiscal and financial measures was published, which provides new clarifications and tax facilities. In the following, we will present a short summary of the most important measures implemented through the legislative act: I. Extension of the deadline…
Sorry, this entry is only available in Romanian. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language. Autori: Mihai Popa, Deputy Managing Partner și Diana Dobromir, Senior Associate Epidemia cauzată de coronavirus a provocat tulburări majore pentru economia…
On 21 April, within its Plenary Session, the European Data Protection Board (EDPB) adopted two essential guidelines on the major data processing activities performed in the context of the Covid-19 pandemic: Guidelines 04/2020 on the use of location data and contact tracing tools in the context of the COVID-19 outbreak (Guidelines 04/2020) and Guidelines 03/2020…
On 14 April, the European Data Protection Board (EDPB) published a letter providing advice on the draft Guidance on apps supporting the fight against COVID-19 pandemic, released by the European Commission. Contact tracing apps aim to keep track of the spread of the virus and inform users when they came in contact with a person…
Covid-19: Economic measures covering the banking and financial sector. Facilities in relation to loans granted by credit institutions and non-banking financial institutions to certain categories of borrowers The National Bank of Romania (the “NBR”) issued a press release on 24 March 2020, pursuant to which the current regulations allow the borrowers, banking and non-banking institutions,…
According to Law no. 129/2019 for the prevention and combating of money laundering and terrorism financing, as well as for the amendment and completion of some normative acts (“Law 129/2019“), companies have the obligation to submit, at the moment of registration, annually or whenever a change occurs, a statement regarding the actual beneficial owner of…
Through the Military Ordinance no. 8/2020 published in the Official Gazette no. 301 on 10th of April, 2020, there were instituted a new series of measures to prevent the spread of COVID-19, which directly envisage certain categories of workers and/or professionals, as presented below. (i) Exceptions from the circulation restriction during the emergency state…
In the context of the COVID-19 epidemic, the Government of Romania has come to support its citizens and public institutions, through the Authority for Digitalization of Romania, in partnership with Aurachain, the Association for Advanced Technologies – ATA, BitHat Solutions and Telekom Romania by launching a digital platform, namely “https://aici.gov.ro/”. The objective of the newly…
As the new Coronavirus continues to threaten our lives, the nation-wide heavy restrictions continue to disrupt our livelihoods and businesses need to address the economic challenges they face: significant pressure on their workforce, business partners, supply chains, revenues. As part of the Romanian’s Government plan to aid heavily hit businesses during the economic near shutdown,…
Sorry, this entry is only available in Romanian. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language. În Monitorul Oficial nr. 285/06.04.2020, Guvernul a publicat H.G. nr. 270/02.04.2020 prin care a aprobat normele de aplicare a prevederilor OUG nr.…
In order to stimulate the payment of the outstanding fiscal obligations and taking into account the need to provide medicines, protective equipment, other medical devices or equipment and sanitary materials that can be used to prevent, limit, treat and combat COVID-19, the Romanian Government has adopted the Government Emergency Ordinance no. 33 from 26.03.2020 regarding…
Sorry, this entry is only available in Romanian. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language. Guvernul a adoptat Ordonanta de Urgență nr. 37/2020, publicată în Monitorul Oficial, Partea I nr. 261 din 30 martie 2020, aceasta intrând…
Consumer protection authorities are on high alert: Companies under intense scrutiny on pricing issues As consumer demand for various products increases, fueled by the Coronavirus outbreak, so could prices. The National Authority for Consumer Protection stressed that they are closely monitoring the Romanian market and that they created special teams to prevent any actions that…
1. Urgent legal measures requiring enforcement in the construction field Having in view the constraints and economic implications expected to affect the construction field as a result of the current COVID-19 pandemic crisis, the Employers’ Federation of Building Companies – FPSC – has requested the Romanian Government to undertake urgent legal measures for the benefit…
CORONAVIRUS: CERTIFICATES REGARDING THE STATE OF EMERGENCY. HOW CAN COMPANIES OBTAIN THEM? In these unprecedented, difficult times, the Romanian Government and businesses are working together to address the economic challenges of the strict containment restrictions put in place to limit the spread of the Coronavirus. As part of the Government plan, the Ministry of…
Coronavirus: Government aids small and medium enterprises (SMEs) with multiannual program According to the Government Emergency Ordinance no. 29/2020 regarding certain economic and fiscal-budgetary measures, the Ministry of Public Finance will implement a multi-annual program for supporting the SMEs in order to mitigate the effects of the COVID – 19 spread, by guaranteeing loans and…
In the context of the crisis generated by the COVID-19 global widespread, the European Data Protection Board (EDPB) has published a Statement on the processing of personal data in the context of the COVID-19 outbreak, which may be accessed here. The main guidelines the Board established refer to the following aspects: data controllers shall continue…
Sorry, this entry is only available in Romanian. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language. Activitatea multor operatori economici este afectată în contextul pandemiei SARS-CoV-2. Conform prevederilor unei noi Hotarari de Guvern, acestora li se pot elibera,…
Sorry, this entry is only available in Romanian. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language. București, 12 martie 2020 Dată fiind rapiditatea răspândirii virusului COVID-19 inclusiv în România, este important ca profesioniștii locali să aibă în vedere…
Leading Romanian law firm Mușat & Asociații acted as legal counsel to the European Bank for Reconstruction and Development (EBRD) on a Euro 16 million facility granted to TeraPlast Group, one of the leading Romanian producers of materials for installation, construction and design markets. The senior loans granted by EBRD will finance the implementation of…
Bucharest, 21 January 2020 Mușat & Asociații announces the promotion of nine lawyers across the firm’s Mergers & Acquisitions, Healthcare & Pharma, Taxation and Litigation & Arbitration practice areas, effective as of January 2020. The promotions come as a recognition of their constant contribution to the success of the projects they advised on and of…
Iulian Popescu, Deputy Managing Partner and head of Musat & Asociatii’s Energy & Natural Resources practice, spoke at the Power & Energy Tech Exhibition and Conference Vision 2030 – PETEC 2019 on 2 December 2019. The role of natural gas and renewables in a fast-evolving energy market towards achieving the 2030 Agenda and the Sustainable Development Goals was the main theme…