Mușat & Asociații and Hogan Lovells assisted Romgaz in the first bond issue in the natural gas sector, a historic project on the capital market, which generated huge interest from international investors

Press News 2024

Press release Bucharest, 14 October 2024 EUR 1.5 billion – total amount of the international bond issuance program. EUR 500 million – the value of bonds issued in the first tranche. EUR 6 billion – demand registered from investors for the first tranche. Mușat & Asociații, in collaboration with the international law firm Hogan Lovells,…

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Mușat & Asociații advised Naxxar Renewable Energy on the sale of the remaining 40% stake in Naxxar Wind Farm Four to the Polish group Polenergia

Press News 2024

Bucharest, 3 October 2024 Mușat & Asociații advised Naxxar Renewable Energy on the sale of the remaining 40% stake in Naxxar Wind Farm Four SRL (NX4 – the project company) to Polenergia, the largest private energy group on the Polish market. Polenergia has thus exercised its option to buy the remaining shares in NX4, provided…

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Mușat & Asociații team won an important dispute against CNAS for a client in the pharmaceutical industry regarding the application of the legislation on the calculation of the clawback tax

News Press News 2024

Press release Bucharest, 5 June 2024   Mușat & Asociații represented a multinational pharmaceutical company in a complex dispute with the National Health Insurance House (CNAS) regarding the clawback tax for medicines, in the context of the concurrent application of two special regulations with contradictory provisions, namely GEO No. 31/2020 and Law No. 53/2020. The…

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Mușat & Asociații advised Naxxar Renewable Energy on the sale of 60% of Naxxar Wind Farm Four to the Polish group Polenergia

News Press News 2023

Press release Bucharest, 10 October 2023 Mușat & Asociații advised Naxxar Renewable Energy on the signing of a conditional agreement for the sale of a 60% stake in Naxxar Wind Farm Four SRL (NWF4 – the project company) to Polenergia, the largest private energy group on the Polish market. Currently, Naxxar through NWF4 is developing…

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Mușat & Asociații advised Tecadra Hotels on the affiliation of the hotel in the northern part of Bucharest to Accor Group

News Press News 2023

Press release   Bucharest, 31 January 2024   Mușat & Asociații advised Tecadra Hotels on the partnership with Accor Group, a world leader in hospitality, for the complete transformation and expansion of the Tecadra Hotel, located in the northern part of Bucharest. The legal assistance provided included aspects related to real estate and construction, as…

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Adesgo closes the sale of business related to the manufacturing, marketing and selling of seamless apparel, advised by Musat & Asociatii

News Press News 2023

Press Release Bucharest, 3 August 2023 Musat & Asociatii advised Adesgo SA, the biggest producer of seamless underclothing in Romania in connection with the sale of its business related to the manufacturing, marketing and selling of seamless apparel to Tefron Europe, part of an Israeli group, developer and manufacturer of seamless products, recently entered to…

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Musat & Asociatii advised Geely on the Romanian legal aspects of the strategic joint venture agreement with Renault Group to launch leading powertrain technology company

News Press News 2023

Press release Bucharest, 24 July 2023 Musat & Asociatii advised Geely Holding Group and Geely Automobile Holdings Limited (collectively referred to above as “Geely”) on the Romanian legal aspects of a binding 50/50 joint venture agreement with Renault Group to launch a new powertrain technology company that aims to become the global leader in developing,…

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Mușat & Asociații wins prestigious Eastern Europe Firm of the Year award for the second year in a row at the LMG Life Sciences Awards EMEA 2023

News Press News 2023

Press Release Bucharest, 18 July 2023 Mușat & Asociații has been named for the second consecutive year winner of the Eastern Europe Firm of the Year award at the LMG Life Sciences Awards EMEA 2023, which took place on 13 July in London. LMG Life Sciences is one of the most prestigious legal guides that…

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(Română) Mușat & Asociații și Juridice.ro au organizat dezbaterea “Răspunderea penală a persoanelor juridice. Prevenție, conformitate și managementul riscului”

News Press News 2023

Sorry, this entry is only available in Romanian. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language. Mușat & Asociații și Juridice.ro au organizat dezbaterea “Răspunderea penală a persoanelor juridice. Prevenție, conformitate și managementul riscului”, eveniment care a reunit…

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Musat & Asociatii advised Magna on the Romanian legal aspects of the completion of its acquisition of Veoneer’s Active Safety Business from SSW Partners

News Press News 2023

Musat & Asociatii advised Magna International Inc. on the Romanian legal aspects of the completion of its acquisition of Veoneer’s Active Safety Business from SSW Partners. The combined business is projected to generate more than $3 billion in sales in 2024. With the completion of this acquisition, Magna further strengthens its active safety business, and…

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Musat & Asociatii advised Sika AG on Romanian legal aspects of its EUR 5.3 billion acquisition of Master Builders Construction Chemicals Group

News Press News 2023

Musat & Asociatii advised Switzerland’s construction chemicals group Sika AG on Romanian legal aspects of its EUR 5.3 billion acquisition of Master Builders Construction Chemicals (MBCC) Group from Lone Star Funds, a global private equity firm. The deal implied the divestment of MBCC’s concrete admixtures business to the international private equity investor Cinven. The transaction…

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Mușat & Asociații advises Ecolab on its strategic acquisition of Purolite Corporation

News Press News 2021

Musat & Asociatii advised Ecolab, a global leader in water, hygiene and infection prevention solutions and services, on the Romanian law aspects of its strategic acquisition of Purolite Corporation, involving around 30 jurisdictions over six continents. The acquisition was structured as a cash transaction and valued at approximately USD 3.7 billion. Purolite is a global…

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Mușat & Asociații advises Sika AG on its EUR 5.2 billion acquisition of MBCC Group

News Press News 2022

Musat & Asociatii advised Switzerland’s construction chemicals group Sika AG on all Romanian legal aspects of its EUR 5.2 billion acquisition of MBCC Group (Master Builders Construction Chemicals) from Lone Star Funds, a global private equity firm. The acquisition is subject to regulatory clearances and is expected to close by the end of 2022. With…

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Mușat & Asociații advised Catted on the sale of logistics park in Chitila and of a 45.ooo sqm land in Ștefănești to Globalworth

News Press News 2022

Mușat & Asociații advised Catted, a Romanian logistics and warehousing company, on the sale of logistics park Business Park Chitila, with a total leasable area of 7000 sqm, and of a 45.ooo sqm land in Ștefănești to estate developer Globalworth. With this strategic partnership, Catted and Globalworth aim to strengthen their offering for small and…

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Noutati fiscale | Reducerile acordate prin OUG nr. 153/2020 pot fi incluse în formularul 101 modificat

News Press News 2022

Sorry, this entry is only available in Romanian. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language. Declarația fiscală 101 și instrucțiunile sale de completare au fost ajustate prin intermediul Ordinului nr. 423/2022. Aceste modificări erau așteptate deoarece din…

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Noutati fiscale | O nouă amnistie fiscală aplicabilă indemnizațiilor de delegare și detașare pentru activitățile salariaților din străinătate

News Press News 2022

Sorry, this entry is only available in Romanian. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language. Mult așteptata Lege nr. 72/2022 pentru anularea unor obligații fiscale și pentru modificarea unor acte normative a fost publicată în data de…

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Noutati fiscale | Noi facilități fiscale acordate în contextul conflictului militar de pe teritoriul Ucrainei

News Press News 2022

Sorry, this entry is only available in Romanian. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language. Având în vedere necesitatea de a fi întreprinse în continuare măsuri de sprijin şi asistenţă umanitară pentru cetăţenii ucrainieni sau apatrizii afectaţi…

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Mihai Popa, Deputy Managing Partner și Coordonator al Departamentului de Restructurare și Insolvență din cadrul Mușat & Asociații, lector în cadrul Conferinței Naționale de Insolvență

News Press News 2022

Sorry, this entry is only available in Romanian. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language. Institutul Național de Pregătire a Practicienilor în Insolvență (INPPI), în parteneriat cu Institutul Național al Magistraturii (INM) și editura Universul Juridic a…

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Mușat & Asociații continuă tradiția organizării conferințelor din seria „Parteneriat în insolvență – opțiune sau necesitate?”

News Press News 2022

Sorry, this entry is only available in Romanian. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language. Mușat & Asociații a organizat în data de 26 mai 2022 cea de-a patra ediţie a conferinţelor din seria „Parteneriat în insolvență…

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Noutati fiscale | Noi reguli privind implementarea Sistemului RO e-Transport, precum și noi măsuri propuse de coaliția de guvernare

News Press News 2022

Sorry, this entry is only available in Romanian. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language. 1. Noul sistem RO e-Transport a fost implementat prin intermediul Ordonanței de Urgență nr. 41/2022, în vigoare din 11 aprilie 2022. Adoptarea…

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The In-House Lawyer magazine: EPPO regulation in Romania: a new chapter in criminal investigations of fraud with EU funds

News Press News 2022

In this article in The Legal 500 (Legalease)‘s In-house Lawyer magazine, winter 2022 edition, Partner Alexandru Terta and Managing Associate Stefan Diaconescu highlight the essential role that the European Public Prosecutor’s Office (EPPO) will play in criminal investigations aimed at preventing and sanctioning individuals and/or legal entities who perpetrate crimes against the financial interests of the…

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The In-House Lawyer magazine: Hot topic in future real estate investments: Romania’s assistance plan for market sectors

News Press News 2022

Looking ahead, 2022 could be a crucial year for real estate investments in Romania. The implementation of the country’s National Recovery and Resilience Plan (NRRP) calls for extensive legislative changes that may have a real impact on the business environment. In this second article in The Legal 500 (Legalease)‘s In-house Lawyer magazine, the winter 2022…

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Musat & Asociatii’s Managing Associate Stefan Diaconescu wins Rising Star Award for Romania at the Rising Stars Awards EMEA 2021

News Press News 2021

Congratulations to Managing Associate Stefan Diaconescu, winner of the Rising Star Award for Romania at the Rising Stars Awards EMEA 2021, awarded by Euromoney’s Legal Media Group, part of the prestigious IFLR1000 guide. The awards celebrate EMEA’s future legal leaders from law firms and in-house teams, recognizing rising star lawyers across 28 practice areas and…

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Mușat & Asociații advises Google on its $2.1 billion acquisition of smart health wearables company Fitbit

News Press News 2020

Musat & Asociatii advised tech giant Google LLC (Google) on all Romanian legal aspects of its acquisition of Fitbit for a total equity value of approximately USD 2.1 billion.  Founded 13 years ago, Fitbit is currently one of the leading producers of smart health and fitness wearable devices, with more than 29 million active users…

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Mușat & Asociații obtains a new favourable solution in front of the High Court of Cassation and Justice that questions the tax treatment of sponsorship/patronage/private scholarships expenses

News Press News 2022

Mușat & Asociații’s lawyers obtain a new favourable solution in front of the High Court of Cassation and Justice that for the first time questions the practice of the tax authorities regarding the tax treatment applicable to sponsorship/patronage/private scholarships expenses   Press Release The team of lawyers specialised in tax litigation from Mușat & Asociații’s…

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Mușat & Asociații appoints new Managing Partner and promotes three new Partners. Another eight lawyers are promoted to senior positions

News Press News 2022

Musat & Asociatii is delighted to announce the consolidation of its core partnership by appointing Paul Buta as Managing Partner and promoting three new Partners (Alexandru Terța, Iuliana Iacob and Andrei Ormenean). All four are exceptional lawyers with a combined professional experience of more than 55 years and a long and impressive career with the…

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Mușat & Asociații authors The Legal 500’s 2022 Employment & Labour Law Country Comparative Guide

News Press News 2022

As exclusive contributors to the Romanian chapter of this year’s Employment & Labour Law Country Comparative Guide published by the international legal directory The Legal 500, Deputy Managing Partner Mihai Popa and Managing Associate Simona Anton answer key questions for employers, from employee rights or protections to navigating termination of employment. You can find out…

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Mușat & Asociații advises lenders on financing the acquisition of several companies in the B2B distribution market by private equity firm FSN Capital

News Press News 2022

Mușat & Asociații successfully advised the syndicate of banks comprised of Jefferies Finance LLC, J. P. Morgan and Danske Bank A/S, as lenders, on the Romanian law aspects involving the Romanian company BFG Packaging SRL, as part of the EUR 650 million financing of the multijurisdictional acquisition of four companies in the business-to-business (“B2B”) distribution…

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New threats in cybercrime and how to overcome them

News Press News 2022

By Managing Associate Stefan Diaconescu Cybercrime is rapidly growing in numbers in the current economic and social context in which communication, trading, business meetings or shopping take place mostly online. Threats arising from cyberspace are more and more sophisticated, with recent surveys showing that persons who perpetrate frauds are becoming ever more adept at misleading…

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Mușat & Asociații authors the Lexology GTDT’s Labour & Employment 2022 chapter for Romania

News Press News 2022

For the second year in a row, Muşat & Asociaţii authors the Lexology GTDT’s Labour & Employment chapter for Romania. Managing Associate Simona Anton and Senior Associate Evelina Mieisor-Grecu highlight key employment issues businesses should consider and give an overview of worker representation, hiring employees, including foreign workers, liability for acts of employees, taxation, employee-created…

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Mușat & Asociații shortlisted for the third time in a row in as many editions for LMG’s Life Sciences Awards 2022

News Press News 2022

We are delighted to have been shortlisted for the third time in a row in as many editions for LMG’s Life Sciences Awards 2022. This year, Mușat & Asociații is nominated 4 times: 2 Europe-wide nominations in the category “Law Firm of the Year” Awards, for “Patent Strategy Firm of the Year” and “Product Liability…

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Mușat & Asociații authors Thomson Reuters’ 2022 Q&A guide to equity capital markets law in Romania

News Press News 2022

In Thomson Reuters’ latest Q&A guide to equity capital markets law in Romania, part of their Practical Law Series, Deputy Managing Partner Razvan Stoicescu, Managing Associate Adrian Danciu & Senior Associate Robert Urmosi outline legislation and listing requirements, offering structures, advisers, prospectus/offer document, marketing, bookbuilding, underwriting, timetables, stabilisation, tax, continuing obligations and de-listing. You can…

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Thomson Reuters’ International Banking Law and Regulation 2020 – Monia Dobrescu authors Romanian Chapter

News Press News 2020

Banking Partner Monia Dobrescu writes about concepts of “Credit Institution” and “Bank”— Credit institution and the general procedure for the authorization of banks in Romania, in Thomson Reuters’ April 2020 edition of International Banking Law and Regulation, Romanian law chapter. You can read more HERE Reprinted from International Banking Law and Regulation (April 2020 update) with permission. Copyright…

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Guvernul acordă bonificații pentru plata unor obligații fiscale și prorogă unele termene de depunere prin OUG 69/2020 adoptată recent

News Press News 2020 Covid-19

Sorry, this entry is only available in Romanian. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language. Ordonanța de urgență nr. 69/2020 prin care Guvernul acordă bonificații pentru plata unor obligații fiscale, prorogă unele termene, precum și alte măsuri…

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COVID 19: Brief guidance for employers during the state of alert

News Press News 2020 Covid-19

Starting with 15th of May 2020, the state of emergency was replaced with the state of alert in Romania. Therefore, while the legislative context in continuous change is still imposing protective measures, the Romanian Government is looking to gradually relax the lockdown measures.   1. Measures impacting employment relationships  (i) Employees must consent for telework.…

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(Română) Concordatul preventiv – mecanism de salvgardare a companiilor afectate financiar de Covid-19

News Press News 2020 Covid-19

Sorry, this entry is only available in Romanian. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language. Autori: Mihai Popa, Deputy Managing Partner și Diana Dobromir, Senior Associate   Epidemia cauzată de coronavirus a provocat tulburări majore pentru economia…

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EDPB Adopts Further Covid-19 Guidelines on Geolocation and the Processing of Health Data

News Press News 2020 Covid-19

On 21 April, within its Plenary Session, the European Data Protection Board (EDPB) adopted two essential guidelines on the major data processing activities performed in the context of the Covid-19 pandemic: Guidelines 04/2020 on the use of location data and contact tracing tools in the context of the COVID-19 outbreak  (Guidelines 04/2020) and Guidelines 03/2020…

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Covid-19: Economic measures covering the banking and financial sector

News Press News 2020 Covid-19

Covid-19: Economic measures covering the banking and financial sector. Facilities in relation to loans granted by credit institutions and non-banking financial institutions to certain categories of borrowers The National Bank of Romania (the “NBR”) issued a press release on 24 March 2020, pursuant to which the current regulations allow the borrowers, banking and non-banking institutions,…

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The statement regarding the ultimate beneficial owner of a company in the context of the state of emergency in Romania – clarifications regarding the obligation to submit it

News Press News 2020 Covid-19

According to Law no. 129/2019 for the prevention and combating of money laundering and terrorism financing, as well as for the amendment and completion of some normative acts (“Law 129/2019“), companies have the obligation to submit, at the moment of registration, annually or whenever a change occurs, a statement regarding the actual beneficial owner of…

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New measures impacting certain categories of workers and professionals during the emergency state

News Press News 2020 Covid-19

Through the Military Ordinance no. 8/2020 published in the Official Gazette no. 301 on 10th of April, 2020, there were instituted a new series of measures to prevent the spread of COVID-19, which directly envisage certain categories of workers and/or professionals, as presented below.   (i) Exceptions from the circulation restriction during the emergency state…

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Coronavirus Legal Updates – Digitalization of Romania

News Press News 2020 Covid-19

In the context of the COVID-19 epidemic, the Government of Romania has come to support its citizens and public institutions, through the Authority for Digitalization of Romania, in partnership with Aurachain, the Association for Advanced Technologies – ATA, BitHat Solutions and Telekom Romania by launching a digital platform, namely “https://aici.gov.ro/”. The objective of the newly…

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Coronavirus: One Stop Shop for helping companies to request a Certificate for Situation of Emergency (CSE)

News Press News 2020 Covid-19

As the new Coronavirus continues to threaten our lives, the nation-wide heavy restrictions continue to disrupt our livelihoods and businesses need to address the economic challenges they face: significant pressure on their workforce, business partners, supply chains, revenues.  As part of the Romanian’s Government plan to aid heavily hit businesses during the economic near shutdown,…

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(Română) CORONAVIRUS: UPDATE – NORMELE DE APLICARE VIZÂND FACILITĂȚILE ACORDATE DE GUVERN ANUMITOR CATEGORII DE DEBITORI, CONFORM OUG NR. 37/2020

News Press News 2020 Covid-19

Sorry, this entry is only available in Romanian. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language. În Monitorul Oficial nr. 285/06.04.2020, Guvernul a publicat H.G. nr. 270/02.04.2020 prin care a aprobat normele de aplicare a prevederilor OUG nr.…

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Coronavirus: Discounts for certain tax payers and VAT exemptions for companies importing medicines and protection equipment are the most recent implemented fiscal measures

News Press News 2020 Covid-19

In order to stimulate the payment of the outstanding fiscal obligations and taking into account the need to provide medicines, protective equipment, other medical devices or equipment and sanitary materials that can be used to prevent, limit, treat and combat COVID-19, the Romanian Government has adopted the Government Emergency Ordinance no. 33 from 26.03.2020 regarding…

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(Română) CORONAVIRUS: FACILITĂȚILE ACORDATE DE GUVERN ANUMITOR CATEGORII DE DEBITORI PRIN OUG NR. 37/2020

News Press News 2020 Covid-19

Sorry, this entry is only available in Romanian. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language. Guvernul a adoptat Ordonanta de Urgență nr. 37/2020, publicată în Monitorul Oficial, Partea I nr. 261 din 30 martie 2020, aceasta intrând…

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CORONAVIRUS CONSUMER PROTECTION: PRICING ISSUES AND REFUNDS FOR TRAVEL CANCELLATIONS

News Press News 2020 Covid-19

Consumer protection authorities are on high alert: Companies under intense scrutiny on pricing issues  As consumer demand for various products increases, fueled by the Coronavirus outbreak, so could prices.  The National Authority for Consumer Protection stressed that they are closely monitoring the Romanian market and that they created special teams to prevent any actions that…

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Coronavirus: Real Estate Update

News Press News 2020 Covid-19

1. Urgent legal measures requiring enforcement in the construction field Having in view the constraints and economic implications expected to affect the construction field as a result of the current COVID-19 pandemic crisis, the Employers’ Federation of Building Companies – FPSC – has requested the Romanian Government to undertake urgent legal measures for the benefit…

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CORONAVIRUS: CERTIFICATES REGARDING THE STATE OF EMERGENCY. HOW CAN COMPANIES OBTAIN THEM?

News Press News 2020 Covid-19

CORONAVIRUS: CERTIFICATES REGARDING THE STATE OF EMERGENCY. HOW CAN COMPANIES OBTAIN THEM?   In these unprecedented, difficult times, the Romanian Government and businesses are working together to address the economic challenges of the strict containment restrictions put in place to limit the spread of the Coronavirus.  As part of the Government plan, the Ministry of…

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Coronavirus: Government aids small and medium enterprises (SMEs) with multiannual program

News Press News 2020 Covid-19

Coronavirus: Government aids small and medium enterprises (SMEs) with multiannual program According to the Government Emergency Ordinance no. 29/2020 regarding certain economic and fiscal-budgetary measures, the Ministry of Public Finance will implement a multi-annual program for supporting the SMEs in order to mitigate the effects of the COVID – 19 spread, by guaranteeing loans and…

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(Română) Coronavirus: operatorii economici a căror activitate este afectată vor putea beneficia, la cerere, de Certificate de Situaţie de Urgenţă, eliberate de Ministerul Economiei, Energiei şi Mediului de Afaceri

News Press News 2020 Covid-19

Sorry, this entry is only available in Romanian. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language. Activitatea multor operatori economici este afectată în contextul pandemiei SARS-CoV-2. Conform prevederilor unei noi Hotarari de Guvern, acestora li se pot elibera,…

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(Română) Aspecte legale de interes pentru companiile din România în contextul răspândirii rapide a virusului COVID-19

News Press News 2020 Covid-19

Sorry, this entry is only available in Romanian. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language. București, 12 martie 2020  Dată fiind rapiditatea răspândirii virusului COVID-19 inclusiv în România, este important ca profesioniștii locali să aibă în vedere…

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