Meet us at Business Days in Cluj between 10th and 11th July 2019!
10 July, 2019This year's Business Days Conference is held in Cluj between 10th and 11th July 2019 and brings together over 100 speakers and 700+ attendees. Being a large and influencial conference, Business Days is able to create different contexts for successful business models to inspire the younger ...
SAA welcomes Stefania Maciuceanu (Managing Associate) and Tudor Ciambur (Senior Associate) in the Dispute Resolution and Real Estate teams
08 July, 2019This month, SAA is proud to announce and welcome Stefania Maciuceanu as one of the firm's Dispute Resolution Managing Associates and Tudor Ciambur as a Senior Associate in the Real Estate Department. Stefania Maciuceanu joins SAA with over 12 years of experince in the litigation field. Before ...
Penalty clauses in individual employment agreements are not admissible
25 June, 2019On 20 May 2019, the High Court of Cassation and Justice of Romania issued a preliminary ruling on a legal issue approached unevenly in the decisions issued to date by the labour courts. According to an official release published on the website of the High Court of Cassation and Justice (the Supreme ...
SAA co-sponsors the SEE Private Equity and M&A Forum 2019
21 June, 2019We are proud to have co-sponsored the SEE Private Equity and M&A Forum 2019 which took place on 14 June, and to have had our Managing Partner, Silviu Stratulat, share his views on the market trends in private equity for 2019 as part of a dedicated panel of speakers. The SEE Private Equity and M&A ...
SAA advises on successful acquisition of ProSport and ProMotor’s publishing activities
14 June, 2019Stratulat Albulescu provided extensive legal advice in relation to the acquisition of all ProSport and ProMotor’s publishing activities. The transaction also included the acquisition of all related internet domains, specific operating equipment and the transfer of employees. ProSport has been one ...
Managing Partner Silviu Stratulat, part of the panel at the Romanian Commercial Real Estate Conference, CEDER 2019
06 June, 2019On 29 May, our Managing Partner Silviu Stratulat was part of the panel on ‘Luxury or mid-market flats and their residential investment potential” at the Romanian Commercial Real Estate Conference, CEDER 2019. In its 12th year, the event took place in the very heart of Bucharest and was a key ...
The latest amendment on the standard of construction brings significant changes to the handover of the works upon completion
01 June, 2019An amendment to Law 10/1995 on the standards in construction came into force following its publication in the Official Gazette on 9 May 2019. Law 97/2019 introduced a prohibition on the transfer of the right to use over a dwelling prior to the assessment of completion taking place (in Romanian ...
SAA is co-sponsoring the SEE Real Estate Property Awards 2019 with Managing Partner Silviu Stratulat as a member of the jury
28 March, 2019On 28 March 2019, we were proud to co-sponsor the SEE Real Estate Property Awards, with Managing Partner Silviu Stratulat as a member of the jury. The SEE Real Estate Property Awards 2019, takes place at the Radisson Blu Hotel, Bucharest. Our colleagues in the Real Estate department, Partner ...
Constitutional Court strikes down three draft bill package capping interest on mortgage loans and amounts to be collected by debt collection agencies
15 March, 2019On 13 March 2019, the Constitutional Court of Romania admitted the objections raised regarding the constitutional control procedures in relation to certain enactments with a significant impact on the financial market of Romania. This legislative package voted for in the Romanian Parliament would ...
SAA welcomes George Chiocaru as TMT Managing Associate
07 March, 2019SAA is proud to announce the appointment of, and welcomes, George Chiocaru as one of the firm’s TMT Managing Associates. George joins SAA with over 9 years experience in IT & Telecommunications, Data Protection, Banking and Finance as well as in the Aviation and Shipping industry. As an ...
Stratulat Albulescu awarded Recognised Practitioner status in Chambers & Partners Global Guide for 2019 for Corporate and M&A in Romania and Silviu Stratulat, the Managing Partner, given Ranked Lawyer status in that field
19 February, 2019We are pleased to announce that, on 15 February 2019, our firm was awarded Recognised Practitioner status for its Corporate and M&A practices in Romania in the Chambers & Partners Global Guide for 2019, and Managing Partner Silviu Stratulat was also awarded Ranked Lawyer status within that category....
Stratulat Albulescu advises GapMinder on Typing DNA investment
05 February, 2019SAA was pleased to advise the GapMinder Venture Capital fund on their investment in tech start-up Typing DNA, which provides proprietary A.I. based typing biometrics technology, enabling companies to recognise people by the way they type and is already recognised as one of the most successful ...
SAA adds Sandra Frunzulica to its M&A team
29 January, 2019SAA announces the appointment of, and welcomes, Sandra Frunzulica as a Senior Associate. Sandra has 6 years legal experience in Pharmaceutical and Corporate & Commercial law. Sandra brings with her significant experience in advising a large number of local and international companies on corporate ...
Updated State Aid Scheme: Start-up Nation – Romania
17 December, 2018On 7 December 2018, the Romanian Government approved an Emergency Ordinance for the support of setting up of new small and medium-sized enterprises (SMEs) proposed by the Ministry for Business Environment, Trade and Entrepreneurship. The recitals of the Ordinance state that SMEs represent 99.8% of ...
Minimum salaries in Romania for the year 2019
11 December, 2018Pursuant to the Government Decision approved at the Government meeting of 7 December, starting with the 1st of January 2019, the minimum wage guaranteed at national level without any increments or other additions, is proposed to be of 2,080 Lei/ month for a normal full working schedule of 167,333 ...
SAA advises VTB Bank on €124 milllion loan to Chimcomplex
11 December, 2018Stratulat Albulescu Attorneys At Law acting as co-counsel with the Prague office of White & Case has assisted VTB Bank (Europe) SE on a financing in the amount of EUR 124 mil granted to Chimcomplex S.A. Borzesti for the acquisition of several asset bundles from Oltchim SA. The SAA team, led by Head ...
Stratulat Albulescu advises GapMinder on investment in Fintech OS
22 November, 2018Stratulat Albulescu (SAA) was delighted to act, again, as legal advisers to GapMinder, this time in connection with its investment in Fintech OS. GapMinder collaborates with universities, the UN, public agencies and non-governmental organisations being the first venture capital fund created as a ...
Environmental Permits now maintain validity only if endorsed yearly
22 November, 2018A recent piece of legislation that came into force on 15 November 2018 is likely to have a severe impact on the holders of environmental permits and environmental integrated authorisations. From now on, environmental permits and environmental integrated authorisations will only maintain their ...
The IBA Private Equity Transactions Conference in London
13 November, 2018Probably the most important event for all lawyers who look forward to networking and discussing business or legal trends with speakers from leading corporations, governmental officials or just other international experts, took place at the Four Seasons, in Park Lane, London on 15 November 2018. As ...
Is the new Insurance Distribution Law affecting your business?
18 October, 2018On 8 October 2018, the Romanian Official Gazette, Part I, No. 853, published Law No. 236/2018 the insurance distribution law (“Insurance Distribution Law”). The Law implements all provisions contained in Directive No. 2016/97/EU dated 20 January 2016 on insurance distribution (“IDD”). The ...
SAA advises GapMinder in €1,2M investment with SmartDreamers
15 October, 2018SAA acted as advisors to GapMinder, regarding the accelerator investment with SmartDreamers, a company specialising in recruitment and marketing automated software solutions. Launched in 2014, the start-up has succeeded in developing a series of social media recruitment and online community ...
Boosting our team with a new Managing Associate
15 October, 2018Stratulat Albulescu just got stronger, adding Laura Neacsu, to its’ already impressive list of lawyers. Laura, a successful, dynamic young lawyer, joined the firm at the beginning of October to strengthen the Real Estate team with her leadership skills and extensive legal experience. With over 10 ...
SAA co-hosts Romanian Stand at Expo Real 2018 in Munich
15 October, 2018Our Partner and Co-Head of Real Estate, Corneliu Popa, represented the firm alongside Managing Associate Laura Neacsu at the Expo Real in Munich in 2018. Our team co-hosted the Romanian stand with other representatives from Romania. The visitors to this year’s Romania stand reportedly exceeded ...
Networking Breakfast at Casina Valadier in Rome
11 October, 2018Most of our firm's partners were in attendance at the networking breakfast having flown in from Bucharest for the occasion and to attend other important networking events. Our team also included members of our Business Development, Marketing and Communications departments. We were honoured to host ...
Meet us at Expo Real 2018
05 October, 2018Our team of German speaking lawyers from the Real Estate practice area will attend this year's Expo Real in Munich this week. The Expo Real is the biggest trade fair for real estate and investment in Europe. Since 1998 it has been organized by Messe München GmbH in the grounds of Messe München ...
World Class Romania acquires another gym using SAA as Legal Advisors
01 October, 2018Stratulat Albulescu assisted World Class Romania, the fitness industry leader in Romania, with the acquisition of a new fitness club. The acquired fitness club, previously called “Stay Fit Gym Oltenitei”, is now owned by World Class Romania and will be rebranded as “World Class Eroii ...
SAA Partners at IBA Rome 2018
17 September, 2018The SAA legal team is certainly well travelled. We recognise that our relationships with other leading law firms and lawyers plays a vital role in maintaining both our in-depth understanding of international issues and our global reach which serves our clients so well. Such opportunities for ...
Quarterly distribution of dividends starts in July 2018
14 September, 2018Romanian Law now allows for dividends to be paid quarterly throughout the financial year. Starting on 15 July 2018, business owners enjoy legislative amendments relating to the regulation of a new dividend payment system following entry into force of Law no. 163/2018 for the amendment and ...
New internship programme benefits for employers
14 September, 2018July brought beneficial changes for employers, with several new laws being passed. State benefits for employers hiring the unemployed, graduates, students and others. A new Government Emergency Ordinance amends several pieces of existing legislation on occupation within the workforce, ...
Real Estate Owners Associations under new Law no 196/2018
14 September, 2018Law no. 196/2018 regarding the establishment, organisation and operating of owners associations and the administration of condominiums, was advertised in the Official Gazette of Romania under no. 660 on 30 July 2018. The new law came into force on 28 September 2018, repealing the previous applicable ...
2018 Cadastral and Real Estate Publicity Law adds new provisions
14 September, 2018Law no. 185 / 2018 for the approval of Emergency Governmental Ordinance no. 31/2018 regarding the modification and completion of the Cadastral and Real Estate Publicity Law no. 7/1996, was advertised in the Official Gazette of Romania under no. 638, on 23 July 2018. Law no. 185/2018 came into force ...
We're hiring Pharmaceutical and Life Sciences Associate Lawyer
09 September, 2018We are a young, dynamic and ambitious Romanian law firm, providing legal advice in all areas of business law and dispute resolution in Romania and covering all business sectors. Our firm is driven by a strong team of dedicated and extremely talented lawyers, ably supported by our equally talented ...
SAA - Sponsors of the Romanian stand at Expo Real 2017
06 September, 2018Stratulat Albulescu, in collaboration with AHK Rumanien, were sponsors of the Romanian stand at Expo Real International Trade Fair 2017. We were both honoured and proud to serve as a co-sponsor of the Romanian stand at Expo Real: International Trade Fair for Property and Investment in 2017. The ...
Silviu Stratulat, speaker at EuroGrowth 2017
06 September, 2018EuroGrowth 2017 is a unique cross-border M&A conference that is organised by ACG and takes place in London. We were thrilled that our Managing Partner, Silviu Stratulat was a featured speaker at the EuroGrowth® Conference that took place in London in November 2017. Silviu addressed a breakout ...
New Partner: Ramona Iancu, Corporate and Mergers & Acquisitions and New Associate: Silvana Zecheru
06 September, 2018Stratulat Albulescu is delighted to announce that, with effect from 1 February, renowned lawyer Ramona Iancu joined our team as a partner from one of Romania’s leading law firms. Ramona has more than 11 years experience as a lawyer and specialises in mergers & acquisitions, antitrust and State ...
Our Data Protection team wins the first Global Hackathon organized in Romania
06 September, 2018Our Data Protection team claim victory at the First Global Legal Hackathon organised in Romania. Stratulat Albulescu is thrilled to announce that our Data Protection team won the Product Focus Special Award at the Global Legal Hackathon, which took place in Romania for the first time. The Global ...
Enthusiastic entrepreneurs believe that electric cars can become very accessible in Romania
06 September, 2018In Maramures, the Romanian region that shares a border with the Ukraine, sleepy villages authentically preserve traditions that are centuries old as part of their daily lives. Inhabitants of this area keep the rural culture and crafts of their Dacian ancestors alive to an amazing extent. The famous, ...
New law on the production of energy from renewable resources
06 September, 2018On 18 July 2018, the Romanian Parliament adopted Law No. 184/2018 approving Government Emergency Ordinance No. 24/2017 regarding the amendment and completion of Law no. 220/2008 for establishing a system to promote energy production from renewable energy sources and for the amendment of other legal ...
Monitoring employees personal data at work
06 September, 2018New legislation came into force on 31 July 2018 that sets out specific conditions for certain categories of personal data of employees. These special rules are aimed at situations where employers use electronic monitoring systems and/or video surveillance of employees at work. Article 5 of Law no. ...
SAA Corporate Team attends IBA Corporate and Private M&A Conference in Paris
01 September, 2018Managing Partner Silviu Stratulat and Corporate Partner Ramona Iancu, as well as the firm’s UK Consultant Christopher Jackson attended the 6th European Corporate and Private M&A Conference. The conference is sponsored by the International Bar Association (IBA) and is held at The Westin, in Paris. ...
SAA's team witness, with pride, 4 mid-year promotions
01 September, 2018We are happy to announce that the beginning of July has witnessed the promotion of four of our young lawyers. Cristina Man, who specialises in Corporate Law, Mergers and Acquisitions, Capital Markets and Real Estate and advises foreign and domestic clients on a wide range of matters related to the ...
New Data Privacy Provisions
06 August, 2018The National Supervisory Authority for Personal Data Processing (“ANSPDCP”) has approved the proposed procedure for receiving and resolving complaints. The procedure sets out the conditions that must be met in order for the ANSPDCP to consider a complaint valid. Complaints must be in writing, in ...
Amendments to Waste Legislation
06 August, 2018Emergency Ordinance no. 74/2018 amending and supplementing Law no. 211/2011 on treatment of waste, Law no. 249/2015 on the management of packaging and packaging waste and Government Emergency Ordinance no. 196/2005 on the Environmental Fund (“Emergency Ordinance no. 74/2018”) has brought ...
Breakfast Networking event at MIPIM, Cannes 2018
06 March, 2018Stratulat Albulescu helped promote Romania, and its real estate market, at its very successful breakfast networking event at MIPIM in Cannes, which was attended by over 24,000 international property professionals. We were delighted to hold our very own breakfast event at the MIPIM, four day Real ...