Disputes and notable trends in 2022

Stratulat Albulescu advises Keys REIM on the sale of an uncompleted building in the historic centre of Bucharest to One United Properties

The building is located at 8-10 Georges Clemenceau Street, near the Romanian Athenaeum and has a gross buildable area of approximately 10,150 sq. m., being developed on a plot of land with an area of 1,361 sq.m.. The value of the transaction amounts to 13.5 million euros. The building will be ...

Stratulat Albulescu advises TripStax Technologies on the acquisition of B2B hotel booking platform Hotelzon Romania

The acquisition will boost TripStax’s existing modular offering with a hotel booking tool. It will also enable the company to manage hotel booking data across several channels alongside its existing air content. TripStax Technology Limited (https://tripstax.com/)  is a technology company offering ...

Stratulat Albulescu advises Reorg in relation to the acquisition of the modern technology provider – FinDox

A corporate team at SAA advised the global provider of credit intelligence, data and analytics, Reorg on the Romanian elements of the acquisition of FinDox, a US based workflow management and data solution provider. This acquisition will further enhance Reorg’s portfolio of data, analysis and ...

Stratulat Albulescu advises GapMinder Venture Partners on its investment in SaaS company Yarooms

The round was led by GapMinder VC fund and also includes SeedBlink, one of the fastest growing investing platforms specialized in sourcing, vetting, financing, and scaling European tech start-ups. With this funding of EUR 2 Milion, Yarooms is seeming to pursue extended market opportunities and it ...

Stratulat Albulescu advises GapMinder Venture Partners on its investment in OutThink, a cybersecurity human risk management platform

The round was led by AlbionVC, with the participation of TriplePoint Capital, Forward Partners, GapMinder VC and Innovate UK. With this funding of USD 10 Milion, OutThink will be able to continue expanding its technological leadership and accelerate international distribution. Founded in 2019, ...

SAA launches a new office in Chisinau, Republic of Moldova

The expansion to Chisinau is part of our firm’s strategy to provide full-service coverage across all Romanian speaking territories and follows almost 10 years of continuous growth providing state-of-the-art legal solutions out of our main office in Bucharest, Romania. "We saw the potential of the ...

Sale of World Class to AIG closes on July 15th

We are happy to announce the closing of the World Class sale on which we acted sell side. The deal had been signed back in April 2022 and was subject, among other, to clearance by the Romanian Competition Authority. SAA project team advising Resource Partners was led by Managing Partner Silviu ...

SAA hosted a Competition seminar in Bucharest

Stratulat Albulescu Attorneys at Law hosted a Competition seminar, for the purpose to discuss some of the most important and specific issues when dealing with a competition assessment, both from an economic as well as legal perspective. Representatives of companies from various sectors attended the ...

Stratulat Albulescu advises Indotek Group on the acquisition of One Victoriei Center office building

One Victoriei Center, a centrally located Class A office building totalling over 19,000 sq.m. houses tenants such as Food Panda, BRD, the fast-growing tech company S&T, Embryo’s Fertility Clinic and the cloud-based video supply chain company Ownzones Entertainment Technologies. ...

SAA hosts an Urbanism seminar in Bucharest

Stratulat Albulescu Attorneys at Law has hosted an Urbanism workshop in Bucharest, to discuss some of the main hot topics in terms of urbanism and real estate development. Representatives of companies from various sectors attended the event, which took place on 8 June 2022 at our SAA headquarters. ...

Stratulat Albulescu advises gaming start-up Machinations.io on a 3.3 million USD Series A Financing

The funding round was led by Hiro Capital - European VC fund focused on Technology and especially on the gaming sector - and included GapMinder (who first invested in Machinations.io in 2020 and who continued to support the founders due to the uniqueness of the product they created), as well as ...

Stratulat Albulescu advises Cyscale software developer and VC Fund GapMinder on a 3M EUR Seed funding round

On this complex cross border deal SAA had a double role and acted under a "Chinese Wall" set-up for both the investee (Cyscale) and one of the investors (GapMinder Venture Partners). On the investee side, SAA advised Cyscale on a seed funding round of EUR 3 million led by the UK investment fund ...

SAA goes from strength to strength on its Tech focused adventure adding a new Counsel to its TMT & Data Privacy team

With over 17 years’ experience, Costin Sandu is highly experienced in advising on transactional, regulatory and legislative work in broad areas like data protection, information security, e-commerce, and IT contract matters. He provides strategic legal and business advice to national and ...

Stratulat Albulescu advises Catalyst Romania Fund II on its investment in the EUR 2M equity funding round of EdTech platform Adservio

The funds will be used to accelerate the expansion on the local and international markets, to expand the company’s portfolio of clients and partners, as well as for the development of new features. Adservio (www.adservio.education) is an educational management platform supporting over 1,000 ...

Stratulat Albulescu advises Element Industrial on the lease of 16,000 sq.m. of warehouse premises in Eli Park 3 to FERRO Romania

The lease adds a significant anchor to Element Industrial’s portfolio and fits in the mix of tenants the developer targeted since inception. A first phase of Eli Park 3 covering 18,500 sq.m. had already been completed in April 2022 and almost completely leased to a mix of tenants with business in ...

Stratulat Albulescu advises DRUID AI-driven in 15 Million USD Series A Financing, largest funding round in Romania to date in 2022

SAA advised DRUID (www.druidai.com), the AI conversational technology company that develops intelligent virtual assistants for Enterprise organizations, in its 15M Series A financing. The funding round was co-led by Karma Ventures and Hoxton Ventures and included GapMinder, as well as four other ...

Stratulat Albulescu advises Resource Partners on the sale of World Class, the undisputed leader of the fitness industry in Romania, to African Industries Group

Our firm advised the Polish Fund Resource Partners along the entire path of this extensive and complex transaction, and in addition to the supplying of legal advice, played an essential role in structuring the deal. Managing Partner Silviu Stratulat said: "I am delighted SAA has been entrusted with ...

Stratulat Albulescu named “(Real Estate) Law Firm of the Year” a second year in a row!

We are thrilled to announce that on 31 March, Stratulat Albulescu Attorneys at Law won the "(Real Estate) Law Firm of the Year" at the Europa Property 17th Annual SEE Real Estate Awards Gala. Our firm competed against 8 other firms both local and international shortlisted for their overall ...

Stratulat Albulescu held the first lecture of the International Conference of ELSA Bucharest on Banking and Finance Law

We are delighted to have been invited to take part in the International Conference on Banking and Finance Law, an initiative of the European Law Students' Association (ELSA) Bucharest, and to hold the first lecture of the series, titled "Legal introduction in Banking and Finance". The lecture took ...

Travel Agencies in our times. Is it safer to directly book with the holiday venue or through the means of a travel agency?

Rights of package holiday beneficiaries in the event of unjustified cancellation of travel bookings and issues arising on travel agency policies limiting consumer rights. We have chosen to write this material at this time because after two years of restrictions, including travel restrictions, from 8 ...

Stratulat Albulescu advises the founders of local game developer Metagame Studios on exit to Fortis Games

The acquisition is part of Fortis’ ambitious expansion plan and aims at onboarding the team with a view to creating next generation games "as-a-service model", improving social experiences, and fostering connections. Metagame Studios (www.metagamestudio.com) is a Romanian game development company ...

SAA announces 2022 round of promotions

Stratulat Albulescu is pleased to announce the promotion of five outstanding lawyers, effective January 1, 2022. Congratulations to Tudor Ciambur and Adriana Dobre on their promotion to Partner, Roxana Catea on her promotion to Counsel, Elena Stan on her promotion to Managing Associate and last, but ...

Stratulat Albulescu advises XVision on a 1M EUR Seed Funding Round

The financing round was led by bValue, a Polish early-stage VC fund and included seven other investors from Romania (GapMinder VC, RocaX, Cleverage, Growceanu, Cristian Pop - angel investor) and Poland (ResQMed and Marek Dziubinski). This is the second funding round obtained by XVision, the company ...

No more justice in slow motion - let’s make justice in a useful and effective way for the parties

The idea of writing this Article has arisen in the context of the numerous delays in drafting of court decisions, even in urgent cases. Despite our best efforts, that is to say, making requests to speed up the drafting process of the decisions, matters have stagnated, and our clients await months ...

Stratulat Albulescu advises Catalyst Romania Fund II on their participation as lead investor in the Series A funding round of Code of Talent, an award-winning SaaS platform

The financing round led by Catalyst Romania Fund II and totalled EUR 1.7 million, which will be used to accelerate the global expansion of the Code of Talent and to expand its presence in key markets, increase the number of strategic partnerships and add new clients to its portfolio. In addition to ...

Stratulat Albulescu advises Global Resolution Experts (GRX) on the sale of the majority stake to BVB-listed IT&C solutions provider Bittnet Systems

The transaction marks the entry of GRX into a new phase of development, by diversifying its client portfolio, accessing Bittnet 's resources at group level and further strengthening its team and position in the market. Founded in 2015 by Cristian Sandescu and Mihnea Calin, GRX (grx.ro) offers ...

Stratulat Albulescu bolsters its Real Estate practice with the appointment of Managing Associate Manuela Iurascu and Associate Irina Caragea

These new additions to our firm bring the total number of fee earners in the Real Estate group to 9, making the practice one of the largest in the market and at the same time strengthening the team’s ability to advise on the full gamut of real estate matters. Commenting on the new recruits, ...

Damages arising from construction projects and the possibilities for contractors to reduce the damages claimed by the contracting authorities

Construction projects are constantly expanding in Romania, both residential as well as road and railway projects. In the course of such projects, contractors are often faced with the contracting authority’s refusal to pay for the works, or with other types of default, which ultimately lead to the ...

Tips and tricks for labor disputes. Remedies applied to the crucial problems identified by our practice

Year 2020 and year 2021 showed us that in most of the cases where companies deal with financial difficulties, the first area where they cut down on spending is on staff expenditure, for the purpose of setting the business back on track. This also explains the fact that in the past 2 years, in our ...

Stratulat Albulescu advises Catalyst Romania Fund II on their participation as lead investor in the EUR 3 M Series A funding round of SeedBlink, the most active Romanian crowd funding platform

The Series A round also includes EUR 1.8 M which was raised on SeedBlink’s own platform and contributions by other local and international investors. The funds will be used to finance further growth and development of the company on the European Union markets. Founded in late 2019, SeedBlink (www....

Stratulat Albulescu advises QeOPS and its shareholders on their partial exit towards Cargus, a major courier service provider in Romania, owned by Mid Europa Partners

The acquisition will strengthen Cargus' value-added service offering for its customers, in line with the company's strategic investments over the past two years, focusing mostly on digitization and improvement of the overall customer experience. Moreover, the transaction highlights the company's ...

Stratulat Albulescu advises Element Group on the acquisition of 2,7 hectares land plot at the entrance to Pitesti

The land plot is located in the immediate vicinity of the A1 highway and next to an already existing commercial hub (Jupiter City, Metro and Arabesque Pitești) and will be used for a future logistic development. Element Group (www.element.ro) is one of the most active local developers, with active ...

Limits of confidentiality in international commercial arbitration

The confidentiality and privacy of international arbitration proceedings is a contentious and unsettled subject. The participants to arbitration proceedings regard confidentiality as an essential aspect of the arbitral process, which assists in the effective, efficient resolution of international ...

Talk with SAA litigation lawyers about their day-to-day work and what they have learned from previous professional experiences - From cause to effect, navigating dispute resolution successfully

In this article we set out to deal with the practical aspects of the lawyer's daily life working in the field of dispute resolution, with the purpose of revealing the extent to which the lawyer plays a role in obtaining the outcome pursued by his/her client. Thus, we will try to point out our vision ...

Stratulat Albulescu recruits Counsel for its Arbitration Group

Sofia Cozac, a 14-year experienced arbitration attorney, joined SAA from Zamfirescu Racoti Vasile & Partners as of May 15th. Sofia has a particular focus on construction arbitration and ICSID arbitration, being also specialized in ICC and VIAC arbitration proceedings. She regularly advises clients ...

Security for costs and security for claim in international commercial arbitration

1. General remarks International commercial arbitrations are complex proceedings which involve substantial costs for the parties for securing the legal representation and for the payment of arbitral fees. In this respect, security for costs and security for claim are interim protective measures ...

Stratulat Albulescu bolsters its Corporate/M&A practice with the hire of two Senior Associates

We are delighted to announce the strengthening of our Mergers and Acquisitions team with the addition of Senior Associates Vlad Sandulescu and Adrian Hlistei-Muresan. With these latest hires the firm now has 10 fee earners in the Corporate/M&A Group. The Group is led by 3 Partners and also includes ...

Amendments to Government Ordinance 51/1997 regarding leasing operations and leasing companies

On 16 April 2021 in the Official Gazette of Romania under number 401 has been published the Law 83/2021 amending and supplementing the Government Ordinance no. 51/1997 regarding leasing operations and leasing companies ("Law 83/2021"). One of the most important changes brought by Law 83/2021 is ...

Stratulat Albulescu hosts the first webinar of the ELSA Webinars Academy on Banking and Finance Law

Stratulat Albulescu Attorneys at Law is delighted to be invited to take part in the ELSA Webinars Academy on Banking and Finance Law event, an initiative of the European Law Students' Association (ELSA) Bucharest, and to host the first webinar of the series, titled "Managing different types of ...

Stratulat Albulescu advises Mr. Ionut Negoita on the acquisition of a land plot located in the East of Bucharest

The plot of land totaling ​​over 100,000 square meters is located on the platform of the former Republica factory in Bucharest and was purchased from Tubinox S.A. with a view to be developed into a residential complex. Tubinox S.A., part of the Indian Viraj Group, is a manufacturer of seamless ...

Stratulat Albulescu wins ‘Law Firm of the Year’ at SEE Real Estate Awards 2021

We are thrilled to announce that on 8 April, Stratulat Albulescu Attorneys at Law was named "Law Firm of the Year" by EuropaProperty as part of their 16th Annual SEE Real Estate Awards Gala. Our firm was selected out of 10 shortlisted local and international firms which are valued by reference to ...

Stratulat Albulescu advises König Frankstahl S.R.L. in relation to the simplified merger control procedure before the Romanian Competition Council

On 23 March 2021, the Romanian Competition Council announced the authorisation of the transaction by which König Frankstahl S.R.L. takes over the business line related to metallurgical products belonging to Frankstahl Romania S.A. Following assessment of the effects of the economic concentration,...

Return to work after a negative COVID-19 test

The global pandemic struck the world by surprise and continues to send shockwaves through life as we know it. The latter generated a host of new regulations to abide by, and protocol to follow. In line with this, the labour market came face to face with stringent demands, including some employers ...

IT and Tech Sector 2021 perspective

Predicting the future of technology is hard enough in a normal year, considering the pace of development and the unabated innovation driven by the human imagination. However, 2020 has been one of the most challenging years in living memory, as governments, businesses and individuals have had to ...

We kickstart 2021 by relocating our offices to a brand-new class A office building!

We are excited to inform everyone that, with effect from 1st January, we moved offices to One Herastrau Office, a brand-new class A building located in the renowned district of Herastrau. The new premises include improved facilities and amenities that will benefit both us and our clients, such as an ...

Stratulat Albulescu advises US-based ThoughtWorks on the acquisition of Romanian software developer Gemini Solutions

This acquisition will significantly improve ThoughtWorks' ability to support and service clients, especially on the European market. The Gemini team brings a wealth of experience in IoT, Big Data, Artificial Intelligence, data science, mobility, and cloud that will enhance and ...

Stratulat Albulescu advises GapMinder Venture Partners on its investment in Druid AI-driven chatbots, a company specialized in conversational technology

The financing round which raised USD 2.5M was led by GapMinder and also included another local VC Fund, Early Game Ventures, already an investor in Druid. Druid (www.druidai.com) was founded in 2018 by Liviu Dragan, together with a team of experienced software engineers and business consultants and ...

Pleased to welcome our new Partners for 2021: Cristina Man and Octav Stan in the Corporate and M&A Group

Stratulat Albulescu is pleased to announce the promotion to Partner of Cristina Man and Octav Grigore Stan with effect from 1 January 2021. Both Cristina and Octav are part of our Corporate/ M&A group, one of the firm’s core practice areas. These promotions reflect the strength and depth of our ...

In the year of online learning, Stratulat Albulescu advises Motion Equity Partners on the Romanian component of its investment in Educastream, one of the forefronts of online training and education in France

The transaction marks the entry of Educastream into a new phase of development, by bringing onboard an active investor who will facilitate access to further financial and human resources to fuel a continued accelerated growth.  Motion Equity Partners (www.motionequitypartners.com) is a ...

Stratulat Albulescu co-advises GapMinder Venture Partners on a follow on investment in Romanian self-improvement start-up Deepstash

The financing round was led by London based VC fund Connect Ventures and totaled USD 3 million, which will be used by the company to finance the further development of its platform with a view to boost the number of users. In addition to GapMinder, the round also included Cultivate Capital, as well ...

Stratulat Albulescu advises GapMinder Venture Partners and DayOne Capital on their joint investment in AI driven start-up Soleadify

The financing round, one of the largest seed-round to date this year, was led by GapMinder Venture Partners (a Venture Capital Fund, targeting IT Software and Services start-ups in Romania and Central Eastern Europe) and DayOne Capital (an early-stage technology investor, managing privately financed ...

Cristian Vlaicu - New Partner and Head of Banking and Finance at Stratulat Albulescu Attorneys at Law

Stratulat Albulescu strengthens its Banking and Finance practice group in Bucharest with the recruitment of new Partner Cristian Vlaicu who is to become the Head of the practice. Cristian joined the firm on 12 October 2020. Prior to joining us, Cristian led the Banking and Finance practices at Wolf ...

Stratulat Albulescu advises GapMinder Venture Partners on its investment in Cartloop, an innovative eCommerce startup

The financing round was led by GapMinder Venture Partners (a Venture Capital Fund, targeting IT Software and Services start-ups in Romania and Central Eastern Europe) also included the angel investor Cristian Tamas, the co-founder of TypingDNA. The financing round totaling EUR 300,000 will be used ...

Stratulat Albulescu advises Bog’Art Residential on the acquisition of 2 land plots located in the North of Bucharest

The plots totaling 6,500 sq.m., were purchased from OMV Petrom S.A. (part of OMV Group) with a view to be developed into a 130 apartment residential complex. Construction is due to start in the second half of this year, while delivery is expected around H1 2022. Bog’Art Residential is the real ...

Stratulat Albulescu advises SIBS on the acquisition of Wirecard companies in Romania

Stratulat Albulescu has advised SIBS, a major payment processor operating in Europe and Africa, on the acquisition of Wirecard companies in Romania, namely Wirecard Romania (previously Provus Service Provider), Romcard and Supercard Solutions & Services. At the same time, SIBS also acquired the ...

Stratulat Albulescu are moving to the One Herastrau Office building

Stratulat Albulescu is pleased to announce the signing of the lease agreement with One United Properties for our new office space. The space totals 1,150 square metres and is located in the One Herastrau Office Building, 30-32 Daniel Danielopolu Street, near to Herastrau Park. The offices will ...

Granting paid days off to parents in the context of reopening educational units

With the reopening of educational units, the Romanian Government adopted an Emergency Ordinance no. 147 of August 27, 2020 on granting days off for parents to supervise children, where there is limitation or suspension of teaching activities that involve the actual presence of children in schools ...

New support measures for employers

Emergency Ordinance no. 132/2020 ("EO 132/2020") on support measures for employers and employees in the context of the ongoing COVID-19 pandemic, as well as for enhancing employment, was published in the Official Gazette of Romania no. 720 on 10 August 2020. EO 132/2020 sets out measures for ...

Stratulat Albulescu wins approximately EUR 1 million judgement from Bucharest Court of Appeal for Romprest against the Ministry of European Funds

Stratulat Albulescu has successfully represented Compania Romprest Service S.A. (“Romprest”), one of the Romanian leaders in facility management, in obtaining a landmark decision by the Bucharest Court of Appeal, with the annulment of the minutes and corresponding Decision for ascertaining the ...

Stratulat Albulescu strengthens its Dispute Resolution team with the addition of Counsel - Adriana Dobre and Managing Associate - Roxana Catea. Senior Associate - Mihai Macovei also joins the team

Stratulat Albulescu’s Dispute Resolution has recently added 3 new talented lawyers to its already thriving and renowned team: Adriana Dobre joined us as Counsel in July after 9 years at RTPR Allen & Overy. Prior to this Adriana worked for David & Baias, the associated law firm of Price Waterhouse ...

Stratulat Albulescu advises leading digital technology consulting company Brillio in connection with the acquisition of Cognetik, a data and insights company with deep expertise in improving digital experiences for its customers

The acquisition of Cognetik strengthens Brillio’s strategy to further extend its services in the world in particular its analytics business, while the Romanian presence will make the recruitment of talent from Europe much easier. With more than 2,300 employee working in their offices located in ...

Stratulat Albulescu advises CODA Intelligence S.R.L. on a 800,000 EUR Seed Funding Round

The financing round was led by Early Game Ventures (an early-stage venture capital firm in Romania investing in startups that create new industries in the emerging markets of Europe) and included  ROCA X, a technology investment fund and other angel investors. The new funding round raises the ...

Stratulat Albulescu bolsters its Real Estate practice with appointment of two Senior Associates and an Associate

Stratulat Albulescu is proud to announce the addition of three new members to the Real Estate Group: Alina Tyelu (Solschi) - Senior Associate, Ana Maria Nacea – Senior Associate and Alina Virlan – Associate, bringing the total number of fee earners in the Real Estate Group to 10 and making the ...

Government measures to support employers, in force as of June 1 2020

According to the Communiqué of the Ministry of Labor, the measures adopted by the Government through Emergency Ordinance 92 aim to support employers with a view to consolidating the labor market, while preventing the increase of the national unemployment rate and ensuring a source of income for ...

Stratulat Albulescu expands its M&A team by adding Octav Stan as Counsel

Stratulat Albulescu has announced that Octav Stan has joined the firm as Counsel in the M&A/Corporate department. Octav has significant experience in advising on mergers & acquisitions, corporate, commercial and insolvency projects, as well as capital markets, public procurement and litigation ...

Restaurant and café terraces opening – a quick peek at the applicable data privacy provisions

Starting June 1st, restaurant and café terraces are open, due to new legislative amendments issued on the gradual return to the “normal” ante-pandemic lifestyle. In this respect, Order no. 461/30.05.2020 jointly enacted by the Ministry of Health and the National Sanitary Veterinary and Food ...

New temporary measures regarding the activity of the National Trade Registry Office within the context of the SARS-CoV-2 virus epidemic

On May 14, 2020, Government Emergency Ordinance No. 70/2020 (“GEO 70/2020”) on regulating certain measures, starting on May 15, 2020, within the context of the epidemiological situation generated by the spread of the SARS-CoV-2 coronavirus, for the extension of certain terms, for the amendment ...

Phase two: State of Alert. New measures and facilities for employers

According to the framework regulation (Emergency Ordinance no. 21 of 15 April 2004 on the National Emergency Management System) a state of alert represents the reaction of the authorities to emergencies of magnitude and intensity, the state of alert being characterised by a set of measures necessary ...

Media, marketing and advertising during the COVID-19 pandemic

In these unprecedented times, media, marketing and advertising have been given the opportunity to become, more than ever, a crucial source of information and instruction for individuals, as many are scared and feel the need to be as present and informed as possible, while others are increasingly ...

Stratulat Albulescu wins ground-breaking injunction over payment of rent in shopping center

Stratulat Albulescu has successfully represented Romanian sports retail chain Hervis Sports & Fashion S.R.L. (“Hervis”) in obtaining an unprecedented decision by the Cluj Specialised Tribunal, with the grant of an injunction for the deferred payment of part of the rent relating to premises at ...

Temporary supporting measures for the functioning of statutory bodies of companies regulated by Law No. 31/2990 as a result of the new social background created by the COVID-19 pandemic

On 8 May 2020, Government Emergency Ordinance No. 62 (“GEO 62/2020”) was published in the Romanian Official Gazette and entered into force as of the publication date. It deals with the adoption of measures in the corporate arena in order to conduct the meetings of statutory bodies and is aimed ...

How do we prepare for a safe return to work as COVID-19 measures are gradually relaxed? European Guide to safety and health at work rules

New cases of COVID-19 have decreased significantly, so more and more EU Member States are beginning to gradually decrease the measures enforced by the authorities and beginning to resume certain normal activities. This fact has given rise to a series of questions from employers who are concerned ...

Draft law on certain facilities in regards to payment and taxation of rent

The Romanian Parliament adopted on 29.04.2020 the draft law regulating facilities concerning the deferral of rent payments by companies and individuals that were economically affected during the state of emergency; as well as tax reliefs relating to rental of immovable property under certain ...

Further extension of deadlines regarding EU trademarks and designs

The European Union Intellectual Property Office (EUIPO) has further extended until May 18th all deadlines expiring between May 1st, 2020 and May 17th, 2020, pursuant to Decision No EX-20-4 („the Decision”), issued on April 29th, 2020. In effect, all deadlines expiring between March 9th and May ...

Amendment of the Program for supporting small and medium-sized enterprises - SME INVEST ROMANIA. Approval of the State Aid scheme supporting the business of SMEs within the context of the economic crisis generated by the COVID-19 pandemic

On April 4, 2020, Government Emergency Ordinance No. 42/2020 ("GEO 42/2020") for the amendment and supplementation of the Government Emergency Ordinance No. 110/2017 ("GEO 110/2017") regarding the Program for supporting small and medium-sized enterprise - SME INVEST ROMANIA, as well as for the ...

New economic measures implemented in the context of the COVID-19 pandemic: postponement of the instalments under credit facilities granted by credit institutions and non-bank financial institutions

On 30th March 2020, Government Emergency Ordinance no. 37/2020 (“GEO”) providing certain measures with respect to the loans granted by credit institutions and non-bank financial institutions to certain categories of debtors, was published in the Romanian Official Gazette.  According to the ...

Data Processing in the context of the COVID-19 pandemic

The world is facing extraordinary circumstances as a result of the COVID-19 pandemic. Governments and public and private institutions worldwide are struggling to mitigate the spread of the virus by implementing measures that may include, amongst other things, the processing of personal data. Data ...

COVID-19: Amendments to Government measures for employers and employees

The Romanian Government has recently approved amendments to measures for the support of employers and businesses by means of Emergency Ordinance no. 32/2020 ("GEO 32/2020") which amends and supplements GEO 30/2020 ("GEO 30/2020"), which itself amends existing legislation as well as establishing ...

Decrease of contributions due to the FSA in the context of COVID-19

On 27 March, 2020, was published with the Official Gazette of Romania, Part I, No. 256, the Regulation no. 3/2020 regarding the regulation of certain measures relating to the implementation of the provisions of the Financial Supervisory Authority Regulation no. 16/2014 regarding the income of the ...

Everything you need to know about Emergency Situation Certificates

On 25 March 2020, the Official Gazette of Romania no. 248, published Order no. 791/2020 (“Order 791/2020”) on granting emergency situation certificates (“CSUs”) to economic operators whose activites are affected by the COVID-19 pandemic. Order 791/2020 regulates the conditions and procedures ...

Romanian Competition Council’s view on the relaxation of competition rules in the context of COVID–19

On 23 March 2020 the Romanian Competition Council (“RCC”) issued new recommendations (“RCC Recommendations”) on how antitrust laws need not restrain collaboration between competitors in order to avoid a shortfall in essential goods on the market and to ensure a balanced distribution of the ...

Measures regarding trademarks and industrial designs, at national, European and international level, in the context of COVID-19

In Romania, the State Office for Inventions and Trademarks (OSIM) issued, on 21 March 2020,  Order no. 27/21.03.2020 regarding specific measures at OSIM level in order to prevent and limit the effects of infection with the new type of SARS-CoV-2 coronavirus (COVID-19). At the same time, on March 23,...

Competition rules still applicable despite the COVID-19 pandemic

The competition/antitrust rules and regulations continue to apply, even in this time of crisis, and all companies must take them into account when conducting their activities. The Romanian Competition Council (RCC) has recently stated that, whilst continuing to observe the competition rules, ...

The implementation of economic measures in the context of COVID-19

The Romanian Government has approved Government Emergency Ordinance no. 29 dated 18 March 2020 regarding economic and budgetary/fiscal measures (“EO 29/2020”), which was published in the Romanian Official Gazette no. 230 on 21 March 2020. EO 29/2020 amends, amongst others things, certain ...

COVID-19: Latest Romanian Government measures to support employers and employees

Government Emergency Ordinance no. 30/2020 ("GEO 30/2020") came into force on 21 March and amends and supplements some existing enactments, and also establishes some new social protection measures in light of the impact of the COVID-19 pandemic , including  several measures to support employers and ...

The deadline for submitting the statement regarding the actual beneficiary was suspended during the state of emergency in Romania

Given the major impact on the economic environment generated and expected to be generated by the exceptional measures, of temporary nature, imposed by the public authorities due to the state of emergency on the territory of Romania according to the Decree no. 195 dated 16 March 2020, for declaring ...

Stratulat Albulescu supports start-up companies with PRO BONO legal advice

Given the rapidly evolving COVID-19 situation worldwide, Stratulat Albulescu is happy to announce that the firm will provide pro bono legal advice to any start-ups that might need legal assistance regarding the issues arising from, or related to, the COVID-19 pandemic, affording them all the support ...

The Romanian Government decides to defer payments of rent and utilities for Small and Medium Enterprises (SMEs) and other types of business entities, in the context of the COVID-19 pandemic

In the socio-economic context caused by the spread of the Coronavirus, the Romanian Government has adopted, through GEO no. 29 dated 18 March 2020, in relation to various economic and fiscal-budgetary measures, as published in the Romanian Official Gazette no. 230 dated 21 March 2020 (“GEO ...

Parents to benefit from days off to look after their children

With the continuing COVID-19 pandemic and the official closing of schools on 14 March 2020, the following  was published in the Romanian Official Gazette, Part I, no. 209, Law no. 19/2020 for granting days off to parents to supervise their children in the context of temporary closure of the ...

In what circumstances is the Coronavirus (COVID-19) construed as a force majeure event in respect of the contractual relationship? How is the applicable legislation interpreted and how do we take the most effective business decisions in the current context?

In these unprecedented times, COVID-19 is spreading rapidly across Europe and around the world, affecting and influencing the economy and all areas of life, both public and private. Conferences, concerts, even school and university activities are no longer taking place due to the spread of COVID-19, ...

How far can employers rely on Force Majeure in the context of COVID-19 

The rapid spread of the virus COVID-19 in Romania and the restrictions imposed by the authorities for combating this pandemic are severely affecting all kind of undertakings, from the HoReCa industry to the real estate, retail, or entertainment sector. In this context, employers are faced with ...

The impact of Coronavirus (COVID-19) on the real estate sector - force majeure, hardship and other related topics

In the context of the World Health Organization declaring COVID-19 as a pandemic, the legal ramifications of this outbreak and the consequences on contractual relationships have become the most common issue faced by our clients in the real estate sector. Notwithstanding that the parties may restrict,...

COVID-19 (Coronavirus): Information

Dear Clients and Business Partners, Given the escalating risk of the COVID-19 pandemic and the preventive measures recommended by the Romanian Authorities, many offices in Romania have now been recommended to switch over as much as possible to remote working for their lawyers and staff. Our goal is ...

Stratulat Albulescu advises Beez on a 1.2 milion Euro Seed Funding Round

The financing round was led by GapMinder Venture Partners (a Venture Capital Fund, targeting IT Software and Services start-ups in Romania and Central Eastern Europe), with the participation of ROCA X, a technology investment fund, and two other private investors. Beez will use the EUR 1.2 million ...

Stratulat Albulescu acts as co-counsel for Glory Ltd on its successful investment in Acrelec Group SAS

Stratulat Albulescu Attorneys at Law has advised, acting as co-counselor in relation to Romanian law matters, Glory Global Solutions (International) Ltd, a wholly-owned subsidiary of Glory Ltd (“Glory”), on its investment in Acrelec Group SAS (“Acrelec”), a leader in responsive self-service ...

Silviu Stratulat – featured speaker at the 8th IBA European Corporate & Private M&A Conference in Paris

Managing Partner, Silviu Stratulat, will be representing the firm at the 8th IBA European Corporate & Private M&A Conference taking place in Paris on the 6th and 7th February 2020, where he will be a featured speaker on the panel “Is fortress Europe back? European M&A and State control on ...

Stratulat Albulescu advises Bourbon Black Sea on the lease of 800 sq.m. in Pipera Business Tower

Stratulat Albulescu has assisted Bourbon Black Sea in relation to the relocation of their offices in Pipera Business Tower, a class A office building located on 6E Dimitrie Pompeiu Boulevard, in one of the most important business and commercial areas in Bucharest (Romania). Bourbon Black Sea is part ...

Stratulat Albulescu advises Hagag on the acquisition of the office building in downtown Bucharest

The property, located at 21 Tudor Arghezi Street, in the vicinity of Universitatii Square in downtown Bucharest and which sits on a 1,507 sq.m. parcel of land, was acquired by Hagag from the property fund NCH Capital. The 7,013 sq.m. office building will be subject to an extensive refurbishment ...

Stratulat Albulescu announces new round of promotions

Stratulat Albulescu is pleased to announce two new internal promotions, effective January 1, 2020. Thus, Andrei Balus and Tudor Ciambur have been promoted to Managing Associate positions. This decision reflects the significant contribution of the two lawyers in numerous transactions, as well as ...

Stratulat Albulescu advises GapMinder Venture Partners on its investment in the USD 7M Series A funding round of the A.I. based typing biometrics technology provider Typing DNA

TypingDNA’s fundraising is among the largest Series A of the past years in Romania. The round was led by Gradient Ventures and included GapMinder with a follow-on investment and TechStars Ventures. TypingDNA had previously raised USD 1.5 M from GapMinder and other investors from the United States,...

Stratulat Albulescu advises Cordia Residence (Group Futureal) on the acquisition of 21.000 sq. m. land plot in the Grivita Lake area, part of the Bucurestii Noi region of Bucharest

Stratulat Albulescu Attorneys at Law has advised Cordia Residence (Group Futureal) on the acquisition of 21.000 sq. m. land plot in the Grivita Lake area, part of the Bucurestii Noi region of Bucharest. The plot of land, located strategically in a booming area of Bucurestii Noi, follows the ...

Stratulat Albulescu advises World Class Romania on the lease of a space of 1,500 sq.m. for “World Class Expo Park”, its 39th health & fitness club in Romania

Stratulat Albulescu Attorneys at Law has advised World Class Romania (“World Class”), the leader in the Health & Fitness industry in Romania in connection to the opening of a new health and fitness club in Expo Business Park, an office development located in the booming area located in the ...

Stratulat Albulescu advises CCBA Verwaltungs GmbH in relation to the simplified merger control procedure before the Romanian Competition Council

Stratulat Albulescu Attorneys at Law has advised CCBA Verwaltungs GmbH, part of the German Group Aunde, an international market leader in the development and manufacture of innovative and creative textiles and seat covers, in relation to the simplified merger control procedure before the Romanian ...

Stratulat Albulescu advises CalCon Group in relation to the acquisition of a majority shareholding in Calcon by Aareon

Stratulat Albulescu Attorneys at Law has advised CalCon Group, a software development and consulting group that offers a wide range of services for the European real estate market, in the sale of the majority stake to Aareon, Europe’s leading provider of systems and consulting services for the ...

Stratulat Albulescu advises Niro Investment Group on the completion of a financing amounting to EUR 24 million granted by Libra Bank

Stratulat Albulescu Attorneys at Law has advised Niro Investment Group, a fully privately owned Romanian group of companies with over 25 years of expertise in investments, development and asset management, on the completion of a financing amounting to EUR 24 million granted by Libra Bank. Niro ...

Stratulat Albulescu advises Societe Generale European Business Services on the lease of 10,500 sq. m. from Skanska Romania

Stratulat Albulescu Attorneys at Law has advised Societe Generale through its service center subsidiary, Societe Generale European Business Services ("SG EBS") on the lease of 10,500 sq.m. in the third building of Skanska’s Campus 6 development, currently under construction in Cotroceni Area, ...

Stratulat Albulescu advises World Class Romania on the successful acquisition of Planet Swim&Gym, its 38th health & fitness club in Romania

Stratulat Albulescu Attorneys at Law has advised World Class Romania (“World Class”), the leader in the Health & Fitness industry in Romania, on the successful acquisition of Planet Swim & Gym. The club had been operating under the name Planet Swim & Gym for over 15 years. On the 28th of ...

Another sanction for violation of GDPR in Romania: The National Supervisory Authority for Personal Data Processing issues a new fine for FAN COURIER EXPRESS SRL, an important player in the courier services in Romania

On 25 November 2019, the National Supervisory Authority for Personal Data Processing (“ANSPDCP”) announced another fine applied in Romania as a result of the enforcement of the EU General Data Protection Regulation (“GDPR”) to FAN COURIER EXPRESS SRL for a personal data breach. On 28 October ...

Stratulat Albulescu acts as co-counsel for Atlas Copco on the successful acquisition of the Scheugenpflug Group

Stratulat Albulescu Attorneys at Law acted as co-counsel for Atlas Copco on the acquisition of the Scheugenpflug Group („Scheugenpflug”), one of the leading manufacturers of adhesive bonding, dispensing and potting systems for synthetic resins and thermally conductive pastes. The parties have ...

Stratulat Albulescu sponsors ELSA's Client Interview: Focus on Real Estate event

Stratulat Albulescu Attorneys at Law is delighted to be the exclusive sponsor of  the "Client Interview: Focus on Real Estate" contest, an initiative of the European Law Students' Association (ELSA) Bucharest. The final stage of the contest will take place on 16 November 2019 at the Faculty of Law, ...

Stratulat Albulescu acts as co-counsel for The Rohatyn Group (“TRG”) on the successful investment in Amethyst Radiotherapy

Stratulat Albulescu Attorneys at Law acted as co-counsel for The Rohatyn Group (“TRG”) on the investment in Amethyst Radiotherapy Limited (“Amethyst”), resulting in the former gaining co-control of the Company alongside the two co-founders. Founded in 2010, Amethyst is one of the largest ...

Stratulat Albulescu lead advisor on the successful GapMinder Venture Partners investment in Frisbo Efulfillment S.R.L., a smart e-fulfillment platform with the largest presence in CEE

A team of lawyers led by Managing Partner Silviu Stratulat has advised on the successful investment by GapMinder into Frisbo Efulfillment S.R.L, a smart e-fulfillment platform with the largest presence in Central and Eastern Europe, which carries on the storage, processing and delivery of online ...

Stratulat Albulescu sponsors the Investors’ Dinner, a private event dedicated to high-tech innovative start-ups

Stratulat Albulescu Attorneys at Law will be joining over 50 participants from the technology sector at the Investors’ Dinner, taking place on 6 November in Bucharest (AWE Space, 23-25 Ion Brezoianu Street). This year, Techcelerator alongside its partners Stratulat Albulescu Attorneys at Law, ...

Stratulat Albulescu advises Titluri Quality S.R.L. on the successful acquisition of the publishing activities of “Gandul” and related brands, one of the most prominent publications in Romania, from Mediafax

Stratulat Albulescu provided extensive legal advice to Titluri Quality S.R.L. in relation to the acquisition of all the publishing activities of “Gandul”, “Apropo”, “Ce se intampla doctore” (CSID), “Descopera” and “Go4IT” from Mediafax. The transaction also included the ...

Stratulat Albulescu Attorneys at Law expands and strengthens its practice by welcoming young and dynamic, newly qualified Romanian talent to its team

Stratulat Albulescu Attorneys at Law announces the appointment of five new Associates to its Corporate, Commercial and M&A, Litigation, Employment, IP and Competition practices. Their recruitment is part of the firm’s ongoing strategy for growth in its core practice areas by recruiting young and ...

Stratulat Albulescu advises Amphenol on the successful acquisition of the majority stake in GJM Romanian subsidiaries’ automotive components business

Stratulat Albulescu Attorneys at Law has advised Amphenol, a leading global supplier of advanced technological solutions for the automotive industry, in particular for hybrid electric vehicles, in the acquisition process of the Romanian subsidiaries of GJM, a leading Spanish original equipment ...

Stratulat Albulescu advises Corporate Finance House Group on the successful acquisition of the Day Tower office building

Stratulat Albulescu Attorneys at Law has advised Corporate Finance House Group ("CFH"), a Middle Eastern investor, on the acquisition of the Day Tower building, one of the largest office buildings in Bucharest, extending over 19,000 sq.m. and with an 11,753 sq.m. gross leasable area. The acquisition ...

New data protection fines in Romania: The National Supervisory Authority for Personal Data Processing - ANSPDCP issues new fines for Elefant Online S.A.

The National Supervisory Authority for Personal Data Processing (“ANSPDCP”) has recently announced new fines applied in Romania as a result of the enforcement of the national data privacy legislation, namely Law no. 506/2004. Elefant Online S.A. was sanctioned with a fine of LEI 10,000 for a ...

Stratulat Albulescu advises PitechPlus in relation to the acquisition of a majority shareholding in PitechPlus by Webhelp SAS

Stratulat Albulescu Attorneys at Law has advised PitechPlus, a consulting group that offers a wide range of services that cover IT&C software development and business know-how, specialized in the design, development and deployment of custom software solutions, with clients from all over the world, ...

New GDPR fines in Romania: The National Supervisory Authority for Personal Data Processing – ANSPDCP issues new fines for Raiffeisen Bank S.A., Vreau Credit S.R.L. and Artmark Holding S.R.L.

The National Supervisory Authority for Personal Data Processing ("ANSPDCP") has recently announced another three fines applied in Romania as a result of the enforcement of the EU General Data Protection Regulation ("GDPR") and national data privacy legislation. As a result,  Raiffeisen Bank S.A. ...

Chambers Europe shortlisted Associate Daiana Assoum for 2019 Diversity & Inclusion Awards

Stratulat Albulescu Attorneys at Law is delighted to have been represented at the Chambers Diversity & Inclusion Awards: Europe 2019 by Daiana Assoum, Associate. Daiana had been the only Romanian lawyer shortlisted at the 2019 Diversity & Inclusion Europe Awards from Chambers and Partners for the ...

Meet our Real Estate team at Expo Real (Messe München) 2019!

Stratulat Albulescu Attorneys at Law is pleased to announce that during the period 7-9 October 2019 it is exhibiting at Expo Real, Europe’s largest real estate and investment trade fair. Our firm  will be represented by our Managing Partner and Head of Real Estate Silviu Stratulat, our Partner ...

Stratulat Albulescu advises Morphosis Capital on its investment into DocProcess S.R.L.

Stratulat Albulescu Attorneys at Law has advised Morphosis Capital, a relatively newly established private equity fund focused on growth capital investments in Romanian Small and Medium Enterprises (SMEs), on its proposed investment with DocProcess S.R.L. The target company is a successful tech ...

Meet our Managing Partner Silviu Stratulat at the IBA 2019 in Seoul, South Korea

Stratulat Albulescu Attorneys at Law will be represented by Managing Partner and Head of Real Estate and Corporate/ M&A, Silviu Stratulat, at the IBA Annual Conference 2019 taking place in Seoul (South Korea) between 22nd and 27th September 2019. The International Bar Association is the world's ...

Stratulat Albulescu lead advisor on the EUR 650,000 GapMinder Venture Partners investment within MEDIjobs Platform S.R.L., the largest online medical recruitment platform in Romania

A team of lawyers led by Managing Partner Silviu Stratulat successfully advised on the EUR 650,000 investment by GapMinder, a Venture Capital Fund financed by the Competitiveness Operational Programme 2014 - 2020, an EU programme aiming to bolster the competitiveness of the Romanian economy, within ...

Stratulat Albulescu advises Momentum Capital S.R.L. on the acquisition of Facilitec Services S.R.L., a reputed boutique facility & property management company

A team of lawyers led by Partner Ramona Iancu successfully advised the Romanian entrepreneur David Canta, who is also the managing director and shareholder of the Romanian arm of the global commercial real estate firm, Avison Young, on the acquisition of Facilitec Services SRL, a reputed boutique ...

Stratulat Albulescu Attorneys at Law, advisors to London Partners on the acquisition of a major plot of land in the booming Expozitiei Area of Bucharest

Stratulat Albulescu Attorneys At Law assisted London Partners with the acquisition of a plot with an approximate area of 29,000 sqm., located in the Expozitiei Area, one of the fastest developing areas in Bucharest.  The SAA team, led by Silviu Stratulat, Managing Partner and Head of the Real ...

Meet us at Business Days in Cluj between 10th and 11th July 2019!

This 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

This 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 ...

Stratulat Albulescu co-sponsors the SEE Private Equity and M&A Forum 2019

We 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 ...

Stratulat Albulescu advises on successful acquisition of ProSport and ProMotor’s publishing activities

Stratulat 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

On 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

An 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

On 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

On 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

SAA 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

We 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

SAA 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

SAA 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

On 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

Pursuant 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

Stratulat 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

Stratulat 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

A 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

Probably 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?

On 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

SAA 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

Stratulat 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

Our 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

Most 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

Our 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

Stratulat 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

The 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

Romanian 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

July 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

Law 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

Law 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

We 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

Stratulat 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

EuroGrowth 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

Stratulat 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 ...

New Partner in Banking & Finance: Costin Teodorovici

Stratulat Albulescu is please to announce another excellent addition to the firm in the form of Costin Teodorovici, who joins us as a partner in our Banking and Finance team. Costin is a highly skilled and knowledgeable lawyer with over 14 years experience in this field. His appointment consolidates ...

Our Data Protection team wins the first Global Hackathon organized in Romania

Our 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 ...

New Partner: Irina Petre, head of Energy and Natural Resources

Team Stratulat Albulescu just got stronger! Stratulat Albulescu is delighted to announce that, with effect from 1 February, Irina Petre joined us as a partner and Head of our Energy and Projects practice. Irina comes to us with a resume reflecting an impressive depth of knowledge and experience in ...

New Partner: Corneliu Popa, Co-Head of Real Estate

Stratulat Albulescu is delighted to announce the appointment of Corneliu Popa as a partner and Co-Head of Real Estate. Corneliu Popa has over 20 years experience in the Romanian and German legal markets. He joins us to strengthen our real estate department and will co-head it alongside our Managing ...

Enthusiastic entrepreneurs believe that electric cars can become very accessible in Romania

In 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

On 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

New 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

Managing 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

We 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

The 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

Emergency 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

Stratulat 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 ...