Wolf Theiss acted as legal advisor to Banca Comerciala Romana S.A. in relation to the issue of the RON 1 billion bonds, 3.90 per cent coupon, under its Multi Issuer EMTN Programme, the Non-Preferred Senior Notes due 2028 being the… Read moreWOLF THEISS advises Banca Comerciala Romana S.A. on its RON 1 billion bonds
International law firm CMS has advised ING Bank Romania on the extension and modification of a bilateral EUR 100m loan granted to a company within the NEPI Rockcastle Group, among others, with the addition of certain Environment, Social and Governance… Read moreCMS advises ING Bank Romania on EUR 100m financing extension including ESG components
International law firm CMS has assisted the National Bank of Greece (NBG) on completing the disposal of a Romanian-risk portfolio of non-performing and underperforming corporate loans (NPLs), with a total gross book value of approximately €174 million (€102 million of allocated… Read moreCMS assists National Bank of Greece with disposal of Romanian non-performing corporate loan portfolio (Project Danube)
“It is our pleasure to announce the promotion of Mariana Signeanu to Partner within our firm’s Banking and Finance practice”, declared Gelu Goran, Co-Managing Partner with Biriș Goran, adding that “it is a well-deserved promotion and a recognition of her… Read moreMariana Signeanu is the new Partner with Biriș Goran
Țuca Zbârcea & Asociații advised CEZ on selling part of its Romanian assets to an Australian funds manager CEZ Group has completed the sale of its Romanian assets to funds managed by Macquarie Infrastructure and Real Assets (”MIRA”). The assets… Read moreȚuca Zbârcea & Asociații advised CEZ on selling part of its Romanian assets to an Australian funds manager
On 26 February 2021, Romania published Emergency Ordinance no. 13/2021 for the amendment and completion of the Tax Code and of the Accounting Law (GEO 13/2021) in the Official Gazette. The main amendments brought about by GEO 13/2021 are presented… Read moreRomanian government amends Tax Code and Accounting Law
1. Introduction The beginning of 2021 seems to be under the auspices of numerous amendments incurred to the Law no. 227/2015 regarding the fiscal code (the “Fiscal Code”). After the issuance of Law no. 296/2020 for the amendment and completion… Read moreAdditional amendments to the Romanian Fiscal Code
Summary: 1. Government Emergency Ordinance No. 13/2021 for the amendment and completion of Law No. 227/2015 regarding the Fiscal Code and the Accounting Law No. 82/1991 Government Emergency Ordinance No. 13/2021 for the amendment and completion of Law No. 227/2015… Read moreAmendments brought to the fiscal and accounting legislation
Deloitte was ranked the most valuable and strongest commercial services brand in the world for the third consecutive year, according to the Global 500 2021 report, released by Brand Finance, an independent brand valuation consultancy firm recognized worldwide. The global… Read moreDeloitte ranked the most valuable and strongest commercial services brand in the world for the third consecutive year by Brand Finance
1. Introduction Regulation no. 12 of December 18, 2020 on the authorization of credit institutions and amendments pertaining to the same (the “Regulation 12/2020”) issued by the National Bank of Romania (the “NBR”) was published in the Official Gazette no…. Read moreNew regulation for the authorization of credit institutions – preliminary requirements for authorization
