Leading Romanian law firm Mușat & Asociații acted as legal counsel to the European Bank for Reconstruction and Development (EBRD) on a Euro 16 million facility granted to TeraPlast Group, one of the leading Romanian producers of materials for installation, construction and design markets. The senior loans granted by EBRD will finance the implementation of…
Bucharest, 21 January 2020 Mușat & Asociații announces the promotion of nine lawyers across the firm’s Mergers & Acquisitions, Healthcare & Pharma, Taxation and Litigation & Arbitration practice areas, effective as of January 2020. The promotions come as a recognition of their constant contribution to the success of the projects they advised on and of…
Iulian Popescu, Deputy Managing Partner and head of Musat & Asociatii’s Energy & Natural Resources practice, spoke at the Power & Energy Tech Exhibition and Conference Vision 2030 – PETEC 2019 on 2 December 2019. The role of natural gas and renewables in a fast-evolving energy market towards achieving the 2030 Agenda and the Sustainable Development Goals was the main theme…
MUȘAT & ASOCIAȚII law firm announces the promotion of Partners Paul Buta, Iulian Popescu and Răzvan Stoicescu as Deputy Managing Partners, starting with January 2019. Being highly regarded within the firm, Paul, Iulian and Răzvan have proven a strong entrepreneurial mindset, contributing significantly to the position of MUȘAT & ASOCIAȚII on the market, to promoting…
Bucharest, 18 January: Mușat & Asociații is part of the legal team advising Spectrum Brands Unit, a $5 billion consumer products company, in connection with the $2 billion sale of its global battery and portable lightning business to Energizer Holding Inc., one of the world’s largest manufacturers of primary batteries and portable lighting products. The…
Spectrum Brands Holdings Inc. has successfully completed the sale of its battery and lighting equipment business to Energizer Holdings Inc., once all the necessary conditions and regulations have been fulfilled. The agreement worth $2 billion in cash was completed in early January 2019. As imposed by such a large transaction, the involved parties received first-class…
The criminal law team of Muşat & Asociaţii law firm has definitively won the litigation before the High Court of Cassation and Justice, where Ludovic Orban, the chairman of the main opposition party has been accused by the DNA (the National Anticorruption Directorate) of committing the offence of using his influence for obtaining some undue…
Bucharest, 11 January 2018: Mușat & Asociații advised Penta Investments, a Central European investment fund, on the acquisition of A&D Pharma by Dr.Max, one of the biggest pharmacy chains in CEE, owned by Penta Investments The value of the transaction has not been disclosed by the parties involved and shall be completed after the approval…
Muşat & Asociaţii assisted Sterling Resources Ltd. in relation with the transfer of 40% participation in the perimeter EX-27 Muridava from the Black Sea continental plateau, belonging to its branch Midia Resources SRL, towards Petroceltic Romania B.V., branch of Petroceltic Resources PLC – an Irish company listed at the Stock Exchange from London and Dublin,…
Bucharest, 13 March 2015 – Muşat & Asociaţii is the recipient of the prestigious “Law Firm of the Year in Romania” award, a distinction handed out annually by the reputed British publisher “The Lawyer” to European law firms with outstanding achievements in the reference year. The trophy was presented to Mona Muşat, Managing Partner Muşat…
CRH plc (“CRH”) announced today that it has entered into a binding commitment to acquire certain assets from Lafarge S.A. (“ Lafarge”) and Holcim Ltd (“Holcim”) for an enterprise value of EUR 6.5bn. The acquisition takes place in the context of the planned merger of Holcim and Lafarge. The worldwide lead legal adviser to CRH…
Reverse charge is an exceptional procedure simplifying the collection and deduction of value added tax (VAT), aspects raising various issues in day-to-day accounting practice, having significant implications at the cash-flow level of companies. “Applying reverse charge for certain types of activities represents a necessity having 2-way benefits. On the one hand, it significantly contributes to…
“The oversubscription of the Transelectrica SPO represents both a positive sign for the Bucharest Stock Exchange and a token of trust from the investors. The successful outcome of the offer is due to the more favorable conditions of the market, starting with the first trimester of the year, but most of all the manner of…
Musat & Asociatii has successfully represented Farmexim, one of the leading pharmaceuticals importers and distributors on the local market, during an extensive investigation which involved all the major distributors in Romania. The investigation was initiated by the Competition Council following the decision of pharmaceuticals distributors to stop the delivery of medicines to pharmacies and hospitals…
The secondary sale of a 15% stake package in Transelectrica was a long-awaited moment on the market, by both investors and international financial institutions. Musat & Asociatii was directly involved in this high-profile project, advising the Office of State Privatization and Industry (OPSPI) ever since the project’s commencement in March 2011. Our mandate included the…
The New Fiscal Code brings forth important amendments concerning the applicability of social security charges applicable to agreements concluded with freelancers, the most important of which aims directly at the applicability of the full quota to revenues which are not subject to withholding taxes. “A full quota of 31.3% for social security contributions, approximately 20%…
Muşat & Asociaţii promoted four new partners – Monia Dobrescu, Ionuţ Bohâlţeanu and Iulian Popescu, each of whom have extensive expertise in their areas of practice. Muşat & Asociaţii’s number of partners is now 16. “These new appointments prove the excellence of the legal services offered by an outstanding team of lawyers, recognized as leaders…
Muşat & Asociaţii received “The Law Firm of The Year in 2011” award at the “People of the Year 2011” Gala, organized by the sole English daily publication in Romania, Nine O’Clock. Nominated along with 5 other law firms, Muşat & Asociaţii gained the jury’s appreciation for its strategic vision proved in an increasingly demanding…
Muşat & Asociaţii continues to lead the IFLR 1000 (International Financial Law Review 1000) rankings in Mergers and acquisitions, Banking and Project finance, being also recommended for its activity in Capital markets. “IFLR 1000 rankings are one of the most renowned and appreciated world-wide and our constant presence in the top tier honours us and…
Musat & Asociatii has recently launched the 8th edition of the legal guide “Doing Business in Romania 2011” in view of providing a basic guidance on the Romanian business environment. Launched since 1998, the guide “Doing Business in Romania” is only one of the initiatives that sets Musat & Asociatii apart on the Romanian market,…
Muşat şi Asociaţii continues to be actively involved in major projects in the renewable energy sector, assisting Enel Green Power, part of the Italian group Enel dedicated to developing and managing renewable energy, in connection with the development of the Salbatica 2 wind project, with an installed capacity of 72 MW. “The Salbatica 2 wind…
Methods of improving the hydro energy potential, solutions of promoting the production of electricity from hydro sources, as well as the opportunities and obstacles in promoting hydro energy from a technical, economic, financial and legal point of view, were some of the themes discussed during the “Renewable Energy Resources – Capitalizing the Hydro Energy Potential…
Muşat & Asociaţii and the Forest Owners Association of Romania PROFOREST have recently organized the roundtable “Sustainable Forestry – a Green Challenge?”, which brought into discussion current issues concerning the Romanian forest industry and development opportunities of the forest sector on the local market. „A large number of corporations with a vast experience and proven…
Musat & Asociatii continues its tradition of promoting and supporting the training of young professionals by Business Law Career Day programme aimed at organizing annual meetings with law school students in order to bring into light useful aspects concerning the vocation of the future graduates. The first discussions with the students have recently taken place…
Musat & Asociatii has been distinguished by the renowned legal guide Chambers Europe with the prestigious award “Romania Law Firm of the Year” at the “Chambers Europe Awards for Excellence 2011” ceremony, due to its remarkable performance on the local legal market in the past year. The award follows another noteworthy recognition recently received by…
The Credit Bureau and Muşat & Asociaţii organized the seminar “Processing Risk Information within The Credit Bureau. Projects and Legal Solutions”, which brought into discussion the operational and regulatory aspects of risk information processing. The event gathered more than 50 representatives of the banking system and addressed key issues related to the Credit Bureau system,…
Committed to its tradition of more than 20 years in supporting, by means of sponsorship, genuine social initiatives, Musat & Asociatii sponsored the first edition of the Masquerade Charity Ball, organized by S.O.S Satele Copiilor. The charity ball took place on 9th of April, at Bragadiru Palace, gathering more than 100 notable cultural figures, businessmen…
Musat & Asociatii has been selected by the Office for State Ownership and Privatization in Industry (OPSPI) to provide legal advice throughout the process of selecting and contracting the underwriter for the public secondary offering for 15% of Transelectrica’s shares, one of the largest transactions to take place this year on the Bucharest Stock Exchange…
Anca Buta Muşat, Partner with Muşat & Asociaţii, has been distinguished for the second consecutive year with International Law Office (ILO) Client Choice Awards, due to her long-established expertise in competition law, being the sole Romanian Lawyer awarded in this practice area. “Musat & Asociatii’s competition practice has seen a continuous development in recent years,…
The 2011 edition of International Financial Law Review, one of the most notable international legal publications providing rankings and analysis of the best financial law-firms worldwide, ranks Musat & Asociatii as a top tier law firm in all four areas of expertise researched in Romania (mergers & acquisitions, banking law, capital markets and project finance),…