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…
DetailsWhat? Vertical agreements often contain a vast number of provisions, regulating different aspects of a vertical relationship. However, the EU competition rules determine that certain provisions cannot be included in distribution agreements since they impede competition to an extent that cannot be permitted. These are the so-called “hardcore restrictions”. Hardcore restrictions can be imposed both…
DetailsWhat? When a supplier or manufacturer charges different wholesale prices for the same product depending on whether the product is intended to be sold online or offline, or whether the buyer will sell it to a retailer or directly to end-customers, dual pricing is practiced. A dual pricing practice does not always qualify as a…
DetailsWhat? Certain types of vertical restraints are particularly likely to hinder competition and harm consumers. These hardcore restrictions will not benefit from the safe harbour provided in the VBER and will often amount to an infringement of Article 101 TFEU. Resale price maintenance (“RPM”) constitutes a prime example of such hardcore or black-listed restrictions. RPM…
DetailsWhat? Suppliers often provide commercial know-how to their distributors which they would not want to benefit their competitors. A critical situation in that respect is obviously the period immediately following the termination of a distribution agreement. The distributor is likely to switch to a competing supplier and there is a real risk that the distributor…
DetailsMusat & 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…
DetailsIn 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…
DetailsMușat & Asociații recrutează avocați definitivi pentru ariile de practică fuziuni & achiziții, piețe de capital & valori mobiliare, real estate, insolvență și litigii. Pozițiile curente vizează avocați definitivi, cu experiență profesională între 3 și 10 ani. Avocații colaboratori vor beneficia de abordarea integrată a unei firme full-service de top, vor aprofunda pregătirea juridică în…
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