Mușat & Asociații advises Ecolab on its strategic acquisition of Purolite Corporation

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…

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Mușat & Asociații advises Sika AG on its EUR 5.2 billion acquisition of MBCC Group

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…

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Mușat & Asociații advised Catted on the sale of logistics park in Chitila and of a 45.ooo sqm land in Ștefănești to Globalworth

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…

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Noutati fiscale | Reducerile acordate prin OUG nr. 153/2020 pot fi incluse în formularul 101 modificat

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…

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Noutati fiscale | O nouă amnistie fiscală aplicabilă indemnizațiilor de delegare și detașare pentru activitățile salariaților din străinătate

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…

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Noutati fiscale | Noi facilități fiscale acordate în contextul conflictului militar de pe teritoriul Ucrainei

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…

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Mihai Popa, Deputy Managing Partner și Coordonator al Departamentului de Restructurare și Insolvență din cadrul Mușat & Asociații, lector în cadrul Conferinței Naționale de 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. Institutul Național de Pregătire a Practicienilor în Insolvență (INPPI), în parteneriat cu Institutul Național al Magistraturii (INM) și editura Universul Juridic a…

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Mușat & Asociații continuă tradiția organizării conferințelor din seria „Parteneriat în insolvență – opțiune sau necesitate?”

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…

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Noutati fiscale | Noi reguli privind implementarea Sistemului RO e-Transport, precum și noi măsuri propuse de coaliția de guvernare

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…

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The In-House Lawyer magazine: EPPO regulation in Romania: a new chapter in criminal investigations of fraud with EU funds

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…

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The In-House Lawyer magazine: Hot topic in future real estate investments: Romania’s assistance plan for market sectors

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…

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Musat & Asociatii’s Managing Associate Stefan Diaconescu wins Rising Star Award for Romania at the Rising Stars Awards EMEA 2021

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…

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Mușat & Asociații advises Google on its $2.1 billion acquisition of smart health wearables company Fitbit

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…

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Mușat & Asociații obtains a new favourable solution in front of the High Court of Cassation and Justice that questions the tax treatment of sponsorship/patronage/private scholarships expenses

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…

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Mușat & Asociații appoints new Managing Partner and promotes three new Partners. Another eight lawyers are promoted to senior positions

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…

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Mușat & Asociații authors The Legal 500’s 2022 Employment & Labour Law Country Comparative Guide

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…

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Mușat & Asociații advises lenders on financing the acquisition of several companies in the B2B distribution market by private equity firm FSN Capital

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…

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New threats in cybercrime and how to overcome them

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…

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Mușat & Asociații authors the Lexology GTDT’s Labour & Employment 2022 chapter for Romania

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…

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Mușat & Asociații authors Thomson Reuters’ 2022 Q&A guide to equity capital markets law in Romania

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…

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Thomson Reuters’ International Banking Law and Regulation 2020 – Monia Dobrescu authors Romanian Chapter

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…

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Guvernul acordă bonificații pentru plata unor obligații fiscale și prorogă unele termene de depunere prin OUG 69/2020 adoptată recent

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…

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COVID 19: Brief guidance for employers during the state of alert

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.…

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(Română) Concordatul preventiv – mecanism de salvgardare a companiilor afectate financiar de Covid-19

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…

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EDPB Adopts Further Covid-19 Guidelines on Geolocation and the Processing of Health Data

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…

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Covid-19: Economic measures covering the banking and financial sector

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,…

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The statement regarding the ultimate beneficial owner of a company in the context of the state of emergency in Romania – clarifications regarding the obligation to submit it

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…

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New measures impacting certain categories of workers and professionals during the emergency state

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…

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Coronavirus Legal Updates – Digitalization of Romania

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…

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Coronavirus: One Stop Shop for helping companies to request a Certificate for Situation of Emergency (CSE)

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,…

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(Română) CORONAVIRUS: UPDATE – NORMELE DE APLICARE VIZÂND FACILITĂȚILE ACORDATE DE GUVERN ANUMITOR CATEGORII DE DEBITORI, CONFORM OUG NR. 37/2020

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.…

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Coronavirus: Discounts for certain tax payers and VAT exemptions for companies importing medicines and protection equipment are the most recent implemented fiscal measures

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…

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(Română) CORONAVIRUS: FACILITĂȚILE ACORDATE DE GUVERN ANUMITOR CATEGORII DE DEBITORI PRIN OUG NR. 37/2020

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…

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CORONAVIRUS CONSUMER PROTECTION: PRICING ISSUES AND REFUNDS FOR TRAVEL CANCELLATIONS

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…

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Coronavirus: Real Estate Update

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…

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CORONAVIRUS: CERTIFICATES REGARDING THE STATE OF EMERGENCY. HOW CAN COMPANIES OBTAIN THEM?

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…

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Coronavirus: Government aids small and medium enterprises (SMEs) with multiannual program

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…

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(Română) Coronavirus: operatorii economici a căror activitate este afectată vor putea beneficia, la cerere, de Certificate de Situaţie de Urgenţă, eliberate de Ministerul Economiei, Energiei şi Mediului de Afaceri

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,…

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(Română) Aspecte legale de interes pentru companiile din România în contextul răspândirii rapide a virusului COVID-19

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…

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Mușat & Asociații advised EBRD on the Euro 16 million financing to TeraPlast Group, to support its expansion in Romania and the CEE region

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…

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Mușat & Asociații Promotes Nine Lawyers in New 2020 Round, Including One Partner

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…

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Iulian Popescu speaks on Energy Prospects in The Black Sea Region up to 2030 panel at the Power & Energy Tech Exhibition and Conference Vision 2030 – PETEC 2019

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…

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Mușat & Associații advises Spectrum Brands Unit on the $2 billion sale of its lightning business to Energizer

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…

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Mușat & Asociații alongside Spectrum Brands Holdings at the completion of the sale transaction of the battery division and the lighting equipment to Energizer for $2 billion

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…

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The criminal law team of Mușat & Asociații law firm obtains the final acquittal of Ludovic Orban in a corruption file

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…

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Mușat & Asociații alongside the investment fund Penta Investments in the largest transaction of 2017 in the pharmaceutical industry

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…

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Muşat & Asociaţii: “Reverse charge – an efficient fiscal measure to reduce VAT evasion”

Reverse charge is an exceptional procedure simplifying the collection and deduction of value added tax (VAT), aspects raising various issues in day-to-day accounting practice, having significant implications at the cash-flow level of companies. “Applying reverse charge for certain types of activities represents a necessity having 2-way benefits. On the one hand, it significantly contributes to…

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