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Deloitte Romania assisted the Turkish energy company Entek Elektrik Üretimi A.Ş. (Entek) in its entry on the Romanian solar power field, through the acquisition of Eco Sun Niculesti and Euromec-Ciocanari

Deloitte Romania assisted the Turkish energy company Entek Elektrik Üretimi A.Ş., primarily engaged in the green energy sector, in acquiring Romanian companies. These include Eco Sun Niculesti S.R.L., which owns permits, some of which are in the application process, for… Read moreDeloitte Romania assisted the Turkish energy company Entek Elektrik Üretimi A.Ş. (Entek) in its entry on the Romanian solar power field, through the acquisition of Eco Sun Niculesti and Euromec-Ciocanari

Bondoc și Asociații SCA scores a new success in a dispute over unfair commercial practices, specifically in the advertising and audiovisual media sector, thus contributing with a significant case law precedent. The case involved addressing both a specific regulation on… Read moreBondoc și Asociații SCA annuls a decision rendered by ANPC sanctioning unfair commercial practices in the advertising and audiovisual media sector

Romania maintains the third position in the top of the European countries with the cheapest new housing, after Bosnia and Herzegovina and Greece, with an average price of 1,504 EUR/sqm in 2023, slightly up from 1,461 EUR/sqm in 2022, according… Read moreDeloitte study: Romania maintains third position in the top of the European countries with the cheapest new housing. Cluj-Napoca is the most expensive city for both buyers and tenants

BACIU PARTNERS is pleased to announce the promotion of Andrei Cosma and Corina Roman to Partner status. This is in recognition of their exceptional contributions to the firm’s continuous evolution and concrete impact on the development of their respective practice… Read moreBACIU PARTNERS announces new additions to its leadership team: Andrei Cosma and Corina Roman are promoted to partner role

– More than 3,600 companies have initiated insolvency proceedings in the first half of 2024, and 72 are high-impact companies, with assets of over EUR 1 million, compared to 33 in the same period of last year. – 71 applications… Read moreCITR: The number of high-impact companies which initiated insolvency proceedings was double in the first half of the year compared to the same period of 2023. Causes: decreasing sales and increasing debts

International law firm CMS has advised OTP Group on the completion of the sale of OTP Bank Romania, OTP Leasing Romania, and other subsidiaries, to Banca Transilvania (“BT”). The transaction has recently received the approval of both the Romanian Competition… Read moreCMS advises OTP Group on completion of OTP Bank Romania sale to Banca Transilvania

Nestor Nestor Diculescu Kingston Petersen (NNDKP) has recently advised Globant, an IT and software development company present in 33 countries with more than 29,000 employees worldwide, throughout the entire process of merging two Romanian subsidiaries – Pentalog Romania S.R.L. and… Read moreNNDKP assists Globant with the merger of two Romanian subsidiaries, part of a global reorganization process

PNSA assisted the organizers of Transylvania Open, the tennis tournament organized in Cluj-Napoca and voted WTA 250 Best Tournament of the Year for 2 consecutive years, on the acquisition of the WTA Tennis Tournament Class Membership from Associazione Sportiva Dilettantistica… Read moreAcquisition of WTA Tennis Tournament Class Membership by the organizers of Transylvania Open Tennis Tournament

An EU directive[1] provides that all intermediaries and, in their absence, the taxpayer involved in potentially aggressive cross-border tax arrangements (that may lead to tax avoidance and evasion) must report them to the competent tax authorities (‘the reporting obligation’). In… Read moreCJEU. C-623/22 | Belgian Association of Tax Lawyers and Others. Combating aggressive tax planning: the Court upholds the validity of various provisions of the EU directive