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…
What? Before diving into the individual restrictions of competition that typically appear in vertical agreements, it is useful to first focus on the main types of distribution systems. Such types include exclusive distribution, non-exclusive or free distribution, selective distribution, franchising and agency. Suppliers can opt for a single system that covers the entire EEA, but…
What? Over the past few years, a trend has been noticeable toward a commercial strategy combining agency and distribution models. In particular, depending on the products or customers involved, a business partner is sometimes requested by the same supplier to act as both its independent distributor and its commercial agent. Such business partners are often…
What? Distribution agreements often contain non-compete clauses. They impose restrictions on a distributor’s ability to manufacture or sell products competing with the products covered by the distribution agreement, the so-called contract products. Let us make things concrete. A distributor is appointed to sell vacuum cleaners of brand A (the contract products). The non-compete restriction determines…
What? 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…
What? In the previous DLC countdown, it was highlighted that EU competition law applies a particular definition of agency. Not every agent in the sense of commercial or business law will be treated as an agent for EU competition law purposes. The agency test under EU competition law is met if the agent assumes no…
What? The particular nature of agency agreements triggers the application of a specific competition law regime. This regime is based on a split between (i) the role assumed by the agent acting as an intermediary of the principal (i.e. where he is trying to secure transactions for the principal) and (ii) the position of the…
COMMENCEMENT OF DLC COUNTDOWN NEWSLETTERS GETTING READY FOR 1 JUNE 2022 What? No business wants to run the risk that its distribution, agency or supply agreements (also known as “vertical agreements”) are found to be unlawful and invalid. Even worse, no business wants to be trapped by a competition authority and pay fines or…
Răzvan Stoicescu, Deputy Managing Partner Răzvan Graure, Tax Partner După un an 2020 în care autoritățile fiscale au manifestat indulgență, 2021 pare să fie într-adevăr marcat, nu doar în România, dar și în lume, de intensificarea controalelor fiscale. Nici finalul de an nu pare să se dezică de la acest trend, drept pentru care articolul…
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…