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On 14 April, the European Data Protection Board (EDPB) published a letter providing advice on the draft Guidance on apps supporting the fight against COVID-19 pandemic, released by the European Commission.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…
MUȘAT & ASOCIAȚII law firm announces the promotion of Partners Paul Buta, Iulian Popescu and Răzvan Stoicescu as Deputy Managing Partners, starting with January 2019. Being highly regarded within the firm, Paul, Iulian and Răzvan have proven a strong entrepreneurial mindset, contributing significantly to the position of MUȘAT & ASOCIAȚII on the market, to promoting…
Bucharest, 18 January: Mușat & Asociații is part of the legal team advising Spectrum Brands Unit, a $5 billion consumer products company, in connection with the $2 billion sale of its global battery and portable lightning business to Energizer Holding Inc., one of the world’s largest manufacturers of primary batteries and portable lighting products. The…
Spectrum Brands Holdings Inc. has successfully completed the sale of its battery and lighting equipment business to Energizer Holdings Inc., once all the necessary conditions and regulations have been fulfilled. The agreement worth $2 billion in cash was completed in early January 2019. As imposed by such a large transaction, the involved parties received first-class…
The criminal law team of Muşat & Asociaţii law firm has definitively won the litigation before the High Court of Cassation and Justice, where Ludovic Orban, the chairman of the main opposition party has been accused by the DNA (the National Anticorruption Directorate) of committing the offence of using his influence for obtaining some undue…
Bucharest, 11 January 2018: Mușat & Asociații advised Penta Investments, a Central European investment fund, on the acquisition of A&D Pharma by Dr.Max, one of the biggest pharmacy chains in CEE, owned by Penta Investments The value of the transaction has not been disclosed by the parties involved and shall be completed after the approval…
MUȘAT & ASOCIAȚII shall promote two new Partners within Litigation department, namely Mrs. Elena Cîrlig and Mrs. Paula Neculae, each with an extensive experience in litigation, both as (former) magistrate, and also as attorneys. Mrs. Elena Cîrlig career begun as attorney with Brașov Bar, and afterwards as judge with Făgăraș Court of Law, with Alba-Iulia…
Bucharest, 12th November 2018 – MUȘAT & ASOCIAȚII hosted the first of a series of round table events centred on privacy topics and invited experts from Facebook to share their experience as regards GDPR & e-Privacy and their implementation approach. The event was meant to raise awareness around recent privacy announcements and listen to stakeholder…
Bucharest, September 26th 2018: MUȘAT & ASOCIAȚII significantly expands its IP, Litigation & Arbitration, Data Protection and Cyber Security, Labour Law and Restructuring & Insolvency teams by co-opting 7 lawyers and opening 14 new positions for the following period of 2018. MUȘAT & ASOCIAȚII has managed to stand out this year due to its sustained…
On 28 June 2018, the Bucharest Tribunal ruled on an application for interlocutory injunction by firstly ruling through Judgment no. 1557/2018 on the standing to bring legal proceedings of an anti-piracy agency mandated by several holders of copyright and neighbouring rights to initiate proceedings in their name and on their behalf. In the case at…
A novelty to the Romanian labour legislation is brought by the provisions of the recently published Law no. 176/2018 on internship (the “Internship Law”) which shall enter into force as of 18th August 2018. The Internship Law regulates the general framework for the performance of internship programs, imposing also several restrictions concerning, among others, the activities…
Law no. 202/2002 on the equality of chances and treatment between women and men has been recently amended by Law no. 178/2018, respectively Law no. 232/2018. Law no. 178/2018 introduces two new occupations in the field of equality of chances and treatment between women and men, respectively the “expert in equality of chances” and “technician…
Bucharest, 21 June 2018: The litigation team of MUȘAT & ASOCIAȚII law firm won in court, by a final ruling, a case with special cultural resonance after supporting “Vasile Alecsandri” Cultural and Scientific Society from Bacau and the Ministry of Culture and National Identity in maintaining the classification as historical monument for “Vasile Alecsandri” Memorial…
Bucharest, 11.06.2018: Mușat & Asociații was conferred the “Deal of the year 2017 in Romania” award at the CEE Legal Matters awards banquet, one of the most prominent European debate and networking events for legal practitioners. The “Deal of the year 2017 in Romania” award was conferred for one of the most important client matters…
The increased interest and the frequent questions capture the concern of the local business environment Brașov, 8 May 2018: Prominent representatives of the business environment in Brașov attended on Monday, 7 May, the Data Protection Conference, organized by Mușat & Asociații Attorneys-at-Law, in partnership with Brașov Chamber of Commerce and Industry, on the new European…
Bucharest, 19.06.2018: International companies, as well as top-ranked domestic companies activating in various sectors, such as: pharmaceutical, retail, white goods, automotive and TMT sectors, are assisted and represented by lawyers of MUȘAT & ASOCIAȚII, both within complex projects, such as the implementation at the company level of the whole set of measures necessary to comply…
Bucharest, 8 May 2018: Mușat & Asociații dedicated May to the meetings with the students of the Faculty of Law within Bucharest University and of the Faculty of Law within Nicolae Titulescu University, Bucharest. The two events, on 3 and 8 May, were organised within “Mușat & Asociații Mentor” program, an initiative launched three years…
Bucharest, 28 June 2017: Mușat & Asociații has successfully represented Judge Georgiana Pulbere, with Constanta Court of Appeal, in a litigation against the National Integrity Agency (NIA). This reference victory comes after four other case files won by the law firm in the last years, successes achieved in the cancelation of the assessment reports prepared…
Bucharest, 22 March 2017: Mușat & Asociații announces the continuation of the program “Mentor”, by means of which it invites all future lawyers to participate in paid internships within the firm. Developed together with the Faculty of Law within Bucharest University, through Law Students Association, the educational program offers its student the possibility to integrate…
Brexit would almost certainly have a short to medium term negative impact on international investors looking to deploy capital into UK but also on British investors and developers seeking to invest or trade with Romania and practically all of the remaining 27 members of the EU. What is likely to happen – an end to free movement of people, goods and services as we know it, which could ultimately also affect the cost of doing business and impact the market in general. However, what is likely to have the biggest impact on investors and developers, is the resolve of the UK economy, and any external perceptions of its strength.
This brief seeks to point-out what would likely happen in some key areas of legal practice in the event Art. 50 negotiations are triggered.
See the views and gather-ups of our specialized lawyers/consultants below:
Bucharest, October 9th, 2015 – Muşat & Asociaţii has been dominating for 8 years IFLR 1000 rankings, the position as leader of the Romanian legal market being reconfirmed by the 2016 edition. Muşat & Asociaţii is recognized as the number 1 law firm in all practice areas analyzed – Mergers and Acquisitions, Banking & Finance,…
Bucharest, 1st of February 2016 – MUŞAT & ASOCIAŢII has appointed two new partners to the leading structure of the Law Firm. Angela Mare and Paul Buta have a wealth of experience in the legal profession and are recognized leaders in their practice areas. Thus, the Muşat & Asociaţii team now has 21 partners and…
Bucharest, 27th of April 2016: Muşat & Asociaţii, initiator of the Romanian business law, launched “Muşat & Asociaţii Mentor” today, a program aimed to answer the educational needs of tomorrow’s society. Developed in partnership with the Faculty of Law of the University of Bucharest, through the Association of Law Students, “Muşat & Asociaţii Mentor” offers…
Bucharest, 10th of May 2016: Muşat şi Asociaţii, initiator of the Romanian business law, has successfully represented Societatea Română de Televiziune in an international commercial arbitration regarding the request for claims in amount of approximately 5 million EUR filed by the American film production and licensing company New Films International Inc. On 5th of May…
Bucharest, 5th of July 2016: The High Court of Cassation and Justice (HCCJ) – Administrative and Fiscal Litigation Division admitted the second appeal by which Electrolux România S.A. requested the suspension of the enforcement of Decision of the Competition Council no. 10/2014, by which Electrolux România was sanctioned by civil fine in amount of over…
Bucharest, 28th of March 2016 – Muşat & Asociaţii represented the Financial Supervisory Authority in the dispute over the claims made by Rst Media. The Magistrates of the Bucharest Court of Appeal accepted the Financial Supervisory Authority’s second appeal against the first instance court’s decision and, as a result of the retrial, they dismissed all…
Bucharest, January 28th, 2016 – Mușat & Asociații assisted Premier Capital in the acquisition of McDonald’s local operations, transaction which included all 67 McDonald’s restaurants in Romania, 19 McCafé coffee shops and the local McDonald’s franchise. Mușat & Asociații team was involved in all the stages of the acquisition process – both in the negotiations…
“The Lawyer award arrives at a particularly important moment for the history and evolution of Muşat & Asociaţii in the Romanian business law market – our 25th anniversary – and is the European-level recognition of our law firm’s achievements in 2014, as well as of the quality standards upheld throughout this time. The credit…
CRH plc (“CRH”) announced today that it has entered into a binding commitment to acquire certain assets from Lafarge S.A. (“Lafarge”) and Holcim Ltd (“Holcim”) for an enterprise value of EUR 6.5bn. The acquisition takes place in the context of the planned merger of Holcim and Lafarge. The worldwide lead legal adviser to CRH plc.…
Bucharest, November 6th, 2015 – Muşat & Asociaţii successfully initiated the insolvency proceedings of Asesoft International, one of the most important companies in the IT sector, with a turnover of over RON 100 million, for a debt resulting from a contract between professionals. Within this litigation, pending before the court ever since August 2014, Muşat &…
Bucharest, May 27th, 2015, Mușat & Asociații, Attorneys-at-Law celebrated 25 years of activity, as well as the launch of the legal guide “Doing Business in Romania 2015”. For over 25 years, Mușat & Asociații has been dedicated to a clientele impressive both by number and by reputation: banks and financial institutions, investment funds, multinational companies,…
Bucharest, 27 February 2015 – Miruna Suciu, Partner Muşat & Asociaţii, was for the second year in a row the winner of the Client Choice award, granted by the International Law Office (ILO), for her outstanding professional achievements in 2014 in the Energy & Natural Resources field. “This award is a reflection of our clients’…
Bucharest, 26 February 2015 – Global Arbitration Review (GAR), one of the highest-profile legal publications, included Muşat & Asociaţii in the GAR 100 list, a top of the best law firms in the field of international arbitration worldwide. This award is an acknowledgment of Muşat & Asociaţii’s experience and achievements in international arbitration disputes. The…
Mușat & Asociații appointed three new partners to the firm’s managing body – Mihai Popa, Cosmin Libotean and Răzvan Stoicescu, each of them possessing extensive experience in their areas of expertise. Muşat & Asociaţii’s team has thus reached 19 partners and more than 100 attorneys, tax advisors and restructuring / insolvency practitioners. „Mușat & Asociații…
Bucharest, 15 December 2014 – Mușat & Asociații received public recognition for the legal assistance provided in relation to the initial public offering (IPO) for the sale of Electrica SA shares, successfully closed in July 2014. The listing consisted of admission of shares for trading on the Bucharest Stock Exchange and of global depository receipts…