Mușat & Asociații alongside the investment fund Penta Investments in the largest transaction of 2017 in the pharmaceutical industry
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: “Reverse charge – an efficient fiscal measure to reduce VAT evasion”
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…
Selling 15% of Transelectrica – another successful project assisted by Muşat & Asociaţii
“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 assists Farmexim during an investigation closed by the Competition Council without the levying of any sanctions
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…
Musat & Asociatii offered assistance in connection to the 15% sale offer of Transelectrica’s shares on the stock market
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…
Muşat & Asociaţii: July 1st brings an increase in social security charges payable by freelancers
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 appoints four new partners
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 distinguished with “The law firm of the Year in 2011” award
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…
Musat & Asociatii leads the IFLR rankings in Mergers and acquisitions, Banking and Project finance
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 “Doing Business in Romania 2011”
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 & Asociaţii assists Enel Green Power in connection with the Salbatica 2 wind project
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…
Miruna Suciu (Muşat & Asociaţii): Financing is more accessible in the field of hydro energy
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…
The lack of a consistent strategy in the forestry industry blocks major investments
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 supporting law school students by Business Law Career Day programme
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, winner of “Romania Law Firm of the Year” at the “Chambers Europe Awards for Excellence 2011” ceremony
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”
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,…
Musat & Asociatii sponsored the first edition of “Masquerade Charity Ball”, organized by S.O.S Satele Copiilor
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 advises OPSPI on the secondary offering
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, awarded for the second consecutive year in Competition by International Law Office
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,…
Musat & Asociatii continues to dominate IFLR rankings
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),…