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Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or


State aid scheme in Romania

October 2018 - Finance. Legal Developments by Maravela & AsociaĹŁii.

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1. Introduction

On July 30, the Romanian Ministry of Finance issued an order launching the procedure whereby investors may obtain non-reimbursable funding for investments made in Romania.

The funding is regulated by Government Decision no. 807/2014 on the setting up of a State aid scheme having as object the stimulation of investments with significant economic impact (“Scheme”), enforced for purposes of the measures discussed herein by Order no. 2629/July 30, 2018 of the Minister of Finance approving the guide for applicant seeking financing under the Scheme.

Trade Finance in Romania: Taking Security over Oil in Storage Terminals

June 2016 - Finance. Legal Developments by Volciuc-Ionescu.

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Trade finance is generally not very developed in Romania, at least by comparison with other EU Member States and developed and emerging markets.  In this briefing, we set out certain remarks in relation to taking security over oil products which are in storage in oil terminals in Romania, which should be considered in the context of an oil products trade finance transaction.

Creditor and Debtor Disputes

January 2012 - Finance. Legal Developments by Tuca Zbarcea & Asociatii.

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Ionut Serban, Partner Tuca Zbârcea & Asociatii

Economic instability in the last year has continued to exert significant pressure on the budgets of companies in debt, with amiable payment of outstanding receivables still usually challenged and subject to delay. This, in turn, has increased the number and complexity of disputes issued in courts and in arbitration, calling forth new developments in the dispute resolution system.

Project Finance

December 2011 - Finance. Legal Developments by Peli Filip.

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Francisc Eduard Peli and Alina Stancu-Birsan - PeliFilip

1 Collateral What types of collateral are available? The collateral package for a Romanian project is relatively similar to global project finance practice and includes security on the assets and rights of the project company as well as its shares.


February 2011 - Finance. Legal Developments by bpv GRIGORESCU.

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Order No. 53/25 of the health minister and of the president of the National House for Health Insurance (“Order”) for the approval of the template and content of the form “Inventory- Statement regarding the contribution for medical leave and health insurance indemnities due on December 31st, 2010 and unpaid until January 31st, 2011, including the related additions on fiscal years and the balance of the amounts to be recovered from the sole national fund budget for health insurance” (“Inventory-Statement”) was published in the Official Gazette of Romania, Part I No. 85 of February 2nd, 2011. The Order entered into force on February 2nd, 2011.

banking - legislative restrospective

November 2009 - Finance. Legal Developments by Voicu & Filipescu SCA.

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News in Laws - Monthly Legal Newsletter November 2009

Notification of the Position of Significant Shareholder in an Investment Company

December 2008 - Finance. Legal Developments by Buzescu Ca.

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This article presents the relevant legal requirements concerning the notification of the intent to acquire the position of significant shareholder in an Investment Company, as well as some considerations based on our recent practice with the Securities Commission.

New due diligence rules

September 2008 - Finance. Legal Developments by Wolf Theiss.

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Romania's Accession Treaty to the European Union contains the commitment to transpose and implement, among others, Directive 2005/60/CE on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing, as well as Directive 2006/70/CE, which lays down implementation measures for Directive 2005/60/CE regarding the definition of a politically exposed person, the technical criteria for simplified customer due diligence procedures and exemption on grounds of a financial activity conducted on an occasional or very limited basis.

Banking & Finance - Newsletter

August 2008 - Finance. Legal Developments by Voicu & Filipescu SCA.

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At the beginning of each season Voicu & Filipescu releases a specialized newsletter on Banking & Finance. Besides outlining the legislative developments of the previous trimester, the firm’s newsletter also comprises a cover article on a legal matter of interest to the business environment. Read our 2008 spring issue, including “Real Estate Investment Trusts Emerging in 2008?”, a thorough analysis drawn up by the firm’s lawyers.

Is Romania a real market for mergers and acquisitions?

The fundamental condition for a merger and acquisition process to take place is the internal and external corporate growth. Almost 20 years ago, Kenichi Ohmae described the growing realization that the world business and economic community is truly a triad, managed by the industrial complexes of Japan, North America and Western Europe.

The Right Way or the Easy Way: Structuring Romanian Security in Syndicated Lending

For all that mater, (European) syndicated lending happens in London. This means that the English law will govern (most of) the transaction triggering the use of common law principles. In many cases the borrowers or the guarantors are on the Continent, i.e. located in civil law jurisdictions. More often then before, in these murky times of the liquidity crisis, the borrowers are located in Eastern Europe. The "European Tigers" are in great need of financing and, most important, the amount of the financing they need is rarely more then EUR 100 million. These amounts are still available on the market at a reasonable price. A totally new market for small and medium sized syndications has emerged.

Banking & Finance Newsletter - Spring 2007 Edition

July 2007 - Finance. Legal Developments by Voicu & Filipescu SCA.

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One of the new business opportunities for Romania after the accession to the European Union concerns the Romanian insurance companies licensed by the Insurance Supervisory Commission to pursue insurance activities based on Law 32/2000. 

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