Sectors
April 23, 2018 17:06
RTPR Allen & Overy has advised the shareholders of A&D Pharma on the multijurisdictional sale of the group to the pharmacy network Dr. Max owned by Penta Investments. The transaction which was signed at the end of last year was closed in Amsterdam on April 19, 2018....more »
April 16, 2018 17:04
NNDKP successfully represented the company Azomureș in a commercial dispute that involved damages in the amount of EUR 15 million, representing lost profits pursuant to a framework transportation agreement.  ...more »
April 04, 2018 14:17
Banca Transilvania became the owner of the majority shareholding (99.15%) owned by Eurobank Group at Bancpost, respectively of the shares held in ERB Retail Services IFN and ERB Leasing IFN. With the completion of the transaction between Eurobank Group and BT, the integration of these entities into the Banca Transilvania Financial Group begins....more »
April 02, 2018 09:23
RTPR Allen & Overy has advised European Bank for Reconstruction and Development (EBRD) and ING Bank N.V. Amsterdam - Bucharest Branch (ING Bank Romania) in a 96 million Euro financing for CTPark Bucharest logistics park located on the A1 Bucharest-Pitesti motorway and owned by CTP Group, one of the most active investors in industrial and logistics spaces in Romania.  ...more »
March 01, 2018 14:22
While non-performing loan portfolio disposals picked up in 2016 with just over EUR 7 billion face value of completed deals in the CEE region (based on publicly available deal information), the enhanced debt sales market activity continued in 2017, according to the sixth edition of Deloitte's report on non-performing bank loans (NPL)....more »
February 28, 2018 11:38
Reff & Associates, the law firm representing Deloitte Legal in Romania, has advised leading real estate developer NEPI Rockcastle in taking over the project of a commercial center to be built in downtown Sibiu from Primavera Development Group in a deal worth around 21 million euro....more »
February 16, 2018 15:15
RTPR Allen & Overy has advised Purcari Wineries Public Company Limited on its IPO and admission to trading on the Bucharest Stock Exchange. The RTPR Allen & Overy capital markets team was led by Loredana Chitu (Boeru) (Counsel) and Mihai Ristici (Partner), further comprising capital markets specialists Vlad Druta and Marina Giurgica and a team of corporate lawyers consisting of Victor Rusu, Cezara Popescu, Diana Dimitriu and Roxana Ionescu. Purcari Wineries, a leading CEE wine producer, listed on the Bucharest Stock Exchange, under the WINE symbol, following a successful IPO of 49% of its shares....more »
February 14, 2018 12:30
Hategan Attorneys through the Tax Department won in the first instance at the Timis Court, an important lawsuit against ANAF, DGFP Timis, representing one of the largest developers of renewable energy projects in the West. Thus, the Timis Tribunal decided that several components of the photovoltaic park can not be considered as constructions, thus avoiding the increase of the building tax due. This court judgment could have a major impact on the renewable energy industry....more »
February 05, 2018 12:59
Oil company Chevron will pay the National Agency for Mineral Resources (ANRM) $ 73,450,000 following the termination of three concession oil concessions without complying with the financial obligations of the Oil Law. Following the decision of the International Court of Arbitration of the International Chamber of Commerce in Paris (ICC Paris), the most important international commercial arbitration institution, Chevron is obliged to pay ANRM the amount of USD 73,450,000, plus the legal interest rate set at the NBR + 8%, calculated from 23 October 2014 until the date of full payment, as well and the arbitration costs incurred by ANRM. ...more »
February 01, 2018 12:03
Unilever takes over local ice cream maker Betty Ice, one of the most important players on the on the local ice cream producers market. Betty Ice owns a factory in Suceava with a capacity of 120 tons a day and has its own stores in some important cities as well as a network of over 100 distribution kiosks all over the country. Betty Ice was founded 25 years ago and its turnover in 2016 reached 40 million euros, up 10% from 2015....more »
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