PNSA advised Libra Internet Bank on its innovative partnership with Monese that enables Monese to offer RON denominated accounts to its Romanian customers. PNSA’s advice concerned regulatory matters, mainly in relation to KYC, AML, electronic money and other Fintech related… Read moreLibra Internet Bank and Monese launch Romanian IBAN accounts in RON
The most exposed to fraud and corruption are companies acting in the first line of fighting with the COVID-19 outbreak. In the middle of a crisis such the current one, companies face various unforeseeable challenges. And although at this moment… Read moreAnti-corruption compliance concerns & best practices in time of COVID-19
The National Bank of Romania (“NBR”) together with the Romanian Government have responded swiftly to the economic shock created by the COVID-19 pandemic by announcing several measures aimed to alleviate the adverse impact of COVID-19 on individuals and small &… Read moreMeasures to mitigate the negative impact of COVID-19. Deferral of loan payments
Introduction As the negative consequences of COVID-19 continue to expand, companies are facing various demanding challenges, one of them being related to the organisation of the Annual General Meetings of the Shareholders (“AGMS”). Considering that the following two months overlap… Read moreThe aftermath of COVID-19 outbreak – Practicing social distancing during the annual general meetings of the shareholders of listed companies
PNSA advised BRD Groupe Société Générale on its co-investment, along with Raiffeisen Bank and BCR, in CIT One, a company specialised in the transport, processing and storage of cash and other valuables, initially owned by BCR. CIT One will be… Read moreBRD, BCR and Raiffeisen Bank to split ownership of CIT One
With the beginning of a new school year for children, we also invite companies to be students and join us in learning the ABC. Although not as entertaining as learning the letters (ABCD…YZ), but just as important, this class will… Read moreSCHOOL’S IN SESSION – ABC lessons for Romanian companies
PNSA has successfully represented a financial institution in a criminal investigation conducted by the National Anticorruption Directorate (DNA) Cluj Office for abuse of office, forgery and use of forgery deriving from the acceleration of a loan, the enforcement of the… Read moreSuccessful defence in an abuse of office criminal investigation in the financial industry
Criminal liability of corporations is a hot topic worldwide. From financial institutions to global corporations, almost daily we hear about a large corporation being investigated, signing a Deferred Prosecution Agreement or being convicted, usually for money laundering, tax evasion or… Read moreCriminal liability of corporations – Global vs Romanian approach
PNSA successfully defended a leading grains trader in a criminal investigation for tax evasion and money laundering in relation to intra-Community transactions with grains. PNSA team led by Partner Alexandru Ambrozie, also included Tax Partner Mihaela Pohaci, VAT Manager Raluca… Read moreTax evasion charges dismissed against leading grains trader
PNSA advised its long-standing client Ameropa Group, worldwide leading Swiss grain and fertilizer trader, on the €324 million multicurrency revolving financing granted by a syndicate of banks composed of Banca Comerciala Romana, Raiffeisen Bank, ING Bank N.V. Amsterdam – Bucharest Branch and… Read morePNSA advised Ameropa Group on a €324 million syndicated financing
