Stratulat Albulescu expands its M&A team by adding Octav Stan as Counsel
04 June, 2020Stratulat 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
02 June, 2020Starting 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
22 May, 2020On 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
22 May, 2020According 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
22 May, 2020In 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
19 May, 2020Stratulat 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
15 May, 2020On 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
04 May, 2020New 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
04 May, 2020The 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
30 April, 2020The 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
11 April, 2020On 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
31 March, 2020On 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
31 March, 2020The 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
31 March, 2020The 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
28 March, 2020On 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
27 March, 2020On 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
25 March, 2020On 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
22 March, 2020In 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
22 March, 2020The 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
22 March, 2020The 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
22 March, 2020Government 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
22 March, 2020Given 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
22 March, 2020Given 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
21 March, 2020In 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
20 March, 2020With 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?
18 March, 2020In 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
15 March, 2020The 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
15 March, 2020In 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
14 March, 2020Dear 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
04 February, 2020The 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
04 February, 2020Stratulat 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
30 January, 2020Managing 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
21 January, 2020Stratulat 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
16 January, 2020The 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
16 January, 2020Stratulat 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
07 January, 2020TypingDNA’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
22 December, 2019Stratulat 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
18 December, 2019Stratulat 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
13 December, 2019Stratulat 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
03 December, 2019Stratulat 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
02 December, 2019Stratulat 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
02 December, 2019Stratulat 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
02 December, 2019Stratulat 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
27 November, 2019On 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
18 November, 2019Stratulat 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
13 November, 2019Stratulat 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
06 November, 2019Stratulat 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
05 November, 2019A 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
04 November, 2019Stratulat 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
01 November, 2019Stratulat 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
30 October, 2019Stratulat 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
25 October, 2019Stratulat 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
22 October, 2019Stratulat 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.
15 October, 2019The 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
14 October, 2019Stratulat 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.
10 October, 2019The 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
02 October, 2019Stratulat 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!
02 October, 2019Stratulat 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.
13 September, 2019Stratulat 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
29 August, 2019Stratulat 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
12 August, 2019A 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
31 July, 2019A 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
24 July, 2019Stratulat 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!
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 ...
Stratulat Albulescu 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 ...
Stratulat Albulescu 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 ...
New Partner in Banking & Finance: Costin Teodorovici
06 September, 2018Stratulat 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
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 ...
New Partner: Irina Petre, head of Energy and Natural Resources
06 September, 2018Team 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
06 September, 2018Stratulat 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
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 ...