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D&B David si Baias

LAKEVIEW BUILDING, 9TH FLOOR, 301-311 BARBU VACARESCU STREET, BUCHAREST 2, ROMANIA
Tel:
Work +40 21 225 3770
Fax:
Fax +40 21 225 3771
Web:
www.david-baias.ro
Email:
Zaragoza, Zagreb, Yuzhno-Sakhalinsk, Vientiane, Vienna, Valencia and 65 more

Romania : Banking, finance and capital markets

Within Banking, finance and capital markets, tier 4

D&B David si Baias advised the Ministry of Economy, Trade and Business on matters relating to the privatisation of Oltchim, including the financing aspects. Other clients include Garanti Bank and Provident Financial. The team lost practice head Laura Tonescu, who joined Nemoianu Attorneys at Law in 2012, and Sorin David now heads the group.

Romania : Corporate and M&A

Within Corporate and M&A, D&B David si Baias is a third tier firm,

D&B David si Baias advised Metair on environmental due diligence and the subsequent €42m acquisition of battery manufacturer Rombat. It also assisted the shareholders of Supreme Chocolate Group with the sale of 100% of share capital to Kandia. Sorin David and Anda Rojanschi are the key partners.

Romania : Dispute resolution

Within Dispute resolution, D&B David si Baias is a third tier firm,

D&B David si Baias represented Orange in its bid to annul the Competition Council’s €38m fine against the company, and acted for Mivan in various real estate disputes. Dan Dascalu head the practice.

Romania : Energy and natural resources

Within Energy and natural resources, tier 4

D&B David si Baias provides corporate advice to OMV Petrom, and acted for Eni in a competition case relating to an alleged cartel in the gasoline market. Anda Rojanschi and Sorin David are the key contacts.

Romania : IT, telecoms and media

Within IT, telecoms and media, D&B David si Baias is a third tier firm,

D&B David si Baias continues to represent Orange in three Competition Council investigations. Sorin David is the main contact.

Romania : Real estate and construction

Within Real estate and construction, tier 4

D&B David si Baias handles a number of energy-related transactions, and also advised Alpha Bank on the €45m partial takeover of a residential real estate project. Sorin David is the key partner.

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Legal Developments by:
PricewaterhouseCoopers Legal LLP

Legal Developments in Romania

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to

  • Romania: Wind of change on the Romanian renewable energy market - part II

    In the Legal Insights edition of 18 March 2013, we presented the potential changes to the Romanian renewable energy scheme, resulting from an unofficial working draft Government Emergency Ordinance (GEO) circulated on the market. This Tuesday (2 April 2013), a draft Government Emergency Ordinance on the amendment of Law no. 220/2008 was officially published on the website of the Ministry of Economy. The public is invited to submit comment within the next 30 days, to the e-mail address dezbateri_publice@minind.ro .
    - Schönherr

  • Romania: Wind of change on the Romanian renewable energy market

    Romania seems to be one of the most attractive CEE jurisdictions for renewable energy investments, due to the generous support scheme which generated increasing enthusiasm over the past few years. Implemented in 2005, the support scheme for renewable energy (RES) consisting of tradable green certificates (GCs) combined with mandatory acquisition quotas was improved in 2008 and subsequently in 2010, but was only applicable as of mid-2011, upon state aid clearance from the European Commission (EC).
    - Schönherr

  • How can the Romanian Constitution be revised

    Although its stability over time represents the essence of the Romanian Constitution (the “Constitution”) and of any constitution, such fundamental law within the Romanian legal system should at the same time, at any moment, represent both a frame of reference for the Romanian social, political and economical life and a reflection of such. Given the accelerated changes within the society, in order for the Constitution to be brought in line with the overall social, political and economical evolution and perspectives, a procedure for its revision and also the limitations in what regards the possibility for the Constitution to be revised are established by this fundamental law itself. .
    - Tuca Zbarcea & Asociatii

  • Romania: New financial and fiscal legislative amendments

    Government emergency ordinance no. 8/2013 for the amendment and supplementation of Law no. 571/2003 regarding the Fiscal Code and the regulation of certain financial and fiscal measures (published in the Official Gazette no. 54/23.01.2013) enters into force starting from 1 February 2013. GEO 8 introduces a number of important amendments and supplementa-tions in the fiscal legislation. We shall further present some of the amendments related to di-rect taxation, respectively to social insurance.
    - Schönherr

  • COMMITMENTS PROCEDURE IN ANTITRUST CASES BEFORE THE ROMANIAN COMPETITION COUNCIL

    1. Background The Romanian Competition Law no. 21/1996 (the " Law ") has been adopted and amended on various occasions so that it reflects the evolution of the competition law provisions in the EU. On 6 July 2010 the Law has been substantially amended, introducing among other institutions the commitments procedure for anticompetitive practices. Previously, the commitments were available only in merger cases under the form of remedies. The commitments procedure has been detailed in RCC guidelines issued in December 2010 (the " Guidelines "), which have been amended at the end of year 2012.
    - Peli Filip

  • Romania: Proposed new OTC trading arrange-ments for electricity

    Friday (11 January 2013), the Romanian energy market regulator (ANRE) published on its website for public consultation a proposal for a procedure and regulation on OTC electricity trading (the "Proposal"). ANRE has invited stakeholders to submit their comments by 21 January 2013.
    - Schönherr

  • VAT challenges in 2012; there’s plenty to come

    If the Romanian taxation system were under any sign, it would surely not have been Libra this year. Hence, the unbalanced practice of abrupt or disputed changes to the tax legislation persisted in disregarding the principles set forth in art. 4 of the Romanian Fiscal Code, whereby (i) the code is to be amended solely based on a law, (ii) the amending law must be advocated for, as a rule, six months prior to its entry into force, and (iii) any amendment to the code will enter into force starting the 1st of January following the year it was adopted.
    - Musat & Asociatii

  • The new 2012 Arbitration Rules of the Court of International Commercial Arbitration Court

    Authors: Luminita Popa, Partner Musat & Asociatii, Iulian Popescu, Partner Musat & Asociatii
    - Musat & Asociatii

  • Termination of Distribution Agreements in Romania

    The absence of a contract regulating the duration and termination of a distribution relationship does not necessarily entitle a party to abruptly terminate the agreement without facing financial exposure to the other party. In particular, a reasonable notice period should be given to allow the other party to adapt its business operations.
    - Schönherr

  • Guarantees under the New Civil Code

    After the New Civil Code entered into force on October 1, 2011, significant amendments were brought to the legal framework regulating the guarantees’ field, either by effective legislative changes to the existing institutions or by introduction of new types of guarantees. The New Civil Code also changed the terminology in the field (e.g. “mortgage” designates both securities over real estate and movable assets, while “pledge” is now referring only to a security interest with dispossession).
    - Musat & Asociatii
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