Legal News
May 30, 2016 17:17
Turkish company Bikaldi that owns 130 Kahve Dunyasi coffee shops in Turkey and one in London, opened the first coffee shop in Romania, in Bucuresti Mall. Kahve Dunyasi first opened in 2004 in Turkey and rapidly enjoyed popularity thanks to their "from producer to consummer" concept, where all the products – coffee, chocolate, ice cream and pastry are produced and freshly served in their own shops. In 2011 they entered the UK market with a coffee shop in London and now, according to their consultants' press release, Noerr, they have big plans for Romania. ...more »
April 13, 2016 12:32
The local office of Austrian law firm Wolf Theiss expands its competition and state aid practice by adding new Partner Adrian Șter to its team. Adrian Șter graduated from the Faculty of Law of Babeş-Bolyai University, Cluj-Napoca in 2003, and, in 2005, from the School of Law, Nottingham University, UK. In 2006 he received his Master's degree "with Merit" in European Law from University College London.  Adrian has practiced law for more than 10 years, focusing on competition law. Previously he was managing associate at Musat si Asociatii. His experience in the legal field includes assisting leading players on the local market from telecommunication, FMCG, retail, banking, pharma, energy, automotive and media. ...more »
April 08, 2016 07:00
Headquartered in San Francisco, with offices in 37 countries, Riverbed Technology purchased the German company Ocedo, with offices in Romania and Singapore. Ocedo provides network technology as a managed service via cloud infrastructure. With this acquisition, Riverbed Technology, that develops products for WAN optimization (a series of techniques for improving the performance of applications across wide-area networks, WAN, such as the Internet) hopes to offer a unique Software-Defined WAN (SD-WAN) service that will combine Riverbed’s IT infrastructure with Ocedo’s software products....more »
March 31, 2016 16:00
As a general rule, insolvency proceedings fall under the jurisdiction of the national courts in the state where the debtor's head office is registered ("State of Incorporation"). Such jurisdiction is reasonably practical, as most often creditors and the debtor's main assets are located in the State of Incorporation. However, in more complex situations when companies carry out activities outside their State of Incorporation, a European regulation (EC regulation no. 1346/2000) (the Regulation) enacts jurisdiction to open insolvency proceedings for courts in the Member State where debtors' centre of main interests (COMI) is located (COMI State). If insolvency proceedings are initiated in the COMI State, this will determine the governing law and its effects shall be restricted to the assets of the debtor within its territory. Any other insolvency procedure shall be qualified as secondary (insolvency) proceedings....more »
March 22, 2016 17:14
Aegon Societate de Administrare a unui Fond de Pensii Administrat Privat S.A. (AEGON) along with other managing companies of mandatory private pension funds (Pillar II) were sanctioned by the Council of Competition for an alleged allocation of customers. RTPR Allen & Overy, the representatives of AEGON in this situation, managed to obtain in court a reduction with over 80% of the fine imposed. ...more »
March 04, 2016 13:06
Cristina Filip is the new Managing Partner of law firm PeliFilip after Francis Peli has completed his mandate at the helm of the company. This change is the result of elections that take place at partners level every three years on the coo...more »
March 01, 2016 10:23
Following a thorough selection process and validation from existing members, Maravela & Asociaţii has officially become the Romanian jurisdiction exclusive member of the reputed legal network International Business Law Consortium (IBLC). IBLC is an international alliance of select law firms with an impeccable reputation for service-oriented professionalism, having been repeatedly ranked in the first tier (Band 1) by the Leading Law Firm Network section of Chambers Global. ...more »
February 18, 2016 09:30
Miruna Suciu and Luminita Popa, former lawyers at Musat si Asociatii have established Suciu Popa si Asociatii, a full service business law firm made up of five partners and twenty attorneys, with an aim to grow it to 40-50 attorneys.  The founding partners are Miruna Suciu and Luminita Popa, together with Madalina Berechet, Cleopatra Leahu and Dan Ciobanu, Suciu Popa covers practice areas such as Mergers&Acquisitions, Energy&Natural Resources, Banking&Finance, Dispute Resolution, Real Estate and Construction, Competition, Pharma and Intellectual Property. ...more »
January 28, 2016 16:25
Țuca Zbârcea & Asociații assisted McDonald’s in a complex transaction finalised on 22 January 2016 whereby the shares of McDonald’s System of Romania, Inc., a Delaware company which owns its Romanian subsidiary were sold to Premier Capital SRL, a subsidiary of the Maltese company Premier Capital plc. The transaction also included a franchise pursuant to which the former Romanian subsidiary of McDonald’s will continue to operate the restaurants and use the McDonald’s brand, a developmental licensee concept previously implemented by McDonald’s with Premier Capital group of companies in several other countries (Malta, Greece and the Baltic countries).  Premier Capital was assisted in the due diligence activities by Deloitte Romania, while on legal matters the buyers were assisted by a team of lawyers from Musat & Asociatii led by Miruna Suciu, former partner in the firm....more »
November 20, 2015 15:37
Romanian companies are becoming more aware of the significance of compliance, although, in some cases, the reason is not grounded on the belief of doing business ethically, but rather on potentially high cost of non-compliance. In pursuance of their concern to implement proper corporate governance principles, a new trend arises. Internal whistleblowing schemes are generally designed as an additional mechanism for employees to report misconduct internally through a specific channel. It supplements the organization’s regular information and reporting channels, such as employee representatives, line management, quality control personnel (e.g.Compliance Officer) or internal auditors who are empowered precisely to report such misconducts. There is a general perception that whistleblowing is on the rise, for several possible reasons....more »
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