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 standard in construction came into force on following publication in the Official Gazette on May 9th.Law 97/2019 instated a prohibition to transfer the right to use over a dwelling prior to the assessment of completion being achieved (in Romanian “admiterea ...
SAA is co-sponsoring the SEE Real Estate Property Awards 2019 with Managing Partner Silviu Stratulat as a member of the jury
28 March, 2019We are proud to announce that tonight 28th March 2019, SAA is co-sponsoring 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 Radisson Blu Hotel, Bucharest. Our real estate colleagues, ...
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 March 13th, 2019, the Constitutional Court of Romania admitted the objections raised within the constitutional control procedures, in relation to certain enactments with a significant impact on the financial market from Romania. This legislative package voted in the Romanian Parliament would ...
SAA welcomes George Chiocaru as TMT Managing Associate
07 March, 2019This month, SAA is proud to announce and welcomes George Chiocaru as one of the Firm’s TMT Managing Associates. George joins SAA with over 9 years of experience in IT & Telecommunications, Data Protection, Banking and Finance as well as in the Aviation and Shipping industry. As an accomplished ...
Stratulat Albulescu given Recognised Practitioner status 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 15th February 2019 our firm was given Recognised Practitioner status for the Corporate and M&A practice area in Romania in the Chambers & Partners Global Guide for 2019, and Silviu Stratulat, Managing Partner, was given Ranked Lawyer status within that category. ...
Stratulat Albulescu advises Gapminder on TypingDNA investment
05 February, 2019SAA advised GapMinder Venture Capital fund on their investment in tech start-up Typing DNA, which provides proprietary A.I. based typing biometrics technology as a service, enabling companies to recognize people by the way they type and is already recognized as one of the most successful ...
SAA adds Sandra Frunzulica to its M&A team
29 January, 2019SAA announces and welcomes Sandra Frunzulica as a Senior Associate, a 6-year experienced lawyer in the Pharma and Corporate & Commercial practice areas. Sandra brings with her significant experience in advising a large number of local and international companies on Corporate and Mergers & ...
Updated State Aid Scheme: Start-up Nation - Romania
17 December, 2018On 7th December 2018, the Romanian Government approved an emergency ordinance for the support of the setting up of new small and medium-sized enterprises (SMEs) proposed by the Ministry for Business Environment, Trade and Entrepreneurship. As per the reasoning in the recitals of the ordinance, SMEs ...
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 organizations being the first venture fund created as a result of the ...
Environmental Permits Maintain Validity Now Only if Endorsed Yearly
22 November, 2018A recent piece of legislation which came into force on 15th of November, 2018 is likely to severely impact the holders of environmental permits / environmental integrated authorizations. Henceforth, environmental permits / environmental integrated authorizations maintain validity until their expiry ...
Meet us @ IBA Private Equity Transactions Conference in London
13 November, 2018Probably the most important event for all lawyers who look forward to network and discuss business or legal trends with speakers from leading corporations, governmental officials or just other international experts, is taking place this year at Four Seasons, Park Lane in London, on 15th November, ...
Is the new Insurance Distribution Law affecting your business?
18 October, 2018On October 8th, 2018, the Romanian Official Gazette, Part I, No. 853, the Law No. 236/2018 published the insurance distribution law (“Insurance Distribution Law”). The Insurance Distribution Law implements all provisions contained under Directive No. 2016/97/EU dated 20 January 2016 on insurance ...
SAA advises Gapminder in €1,2M investment with SmartDreamers
15 October, 2018Stratulat Albulescu Attorneys at Law acted as advisors to GapMinder, in relation to the accelerator investment with SmartDreamers, a company specialized in Recruitment Marketing Automation software solution. Launched in 2014, the start-up has succeeded in developing a series of social media ...
Boosting team with new Managing Associate
15 October, 2018Stratulat Albulescu just got stronger, adding Laura Neacsu, to its’ already impressive list of attorneys. 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 background on the legal scene....
SAA co-hosts Romanian Stand at Expo Real 2018 in Munich
15 October, 2018Our Partner and Co-Head of Real Estate, Corneliu Popa, represented Stratulat Albulescu Attorneys at Law alongside Managing Associate Laura Neacsu at the Expo Real in Munich this week. Our team co-hosted the Romanian stand with other representatives from Romania. The visitors to this year’s Romania ...
Networking Breakfast at Casina Valadier in Rome
11 October, 2018Most of our firm's partners were in attendance having flown in from Bucharest for the occasion of the conference 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 having SAA as Legal Advisors
01 October, 2018Stratulat Albulescu Attorneys at Law assisted World Class Romania, the leader in the fitness industry in Romania, with the acquisition of a new fitness club. The acquired fitness location previously called “Stay Fit Gym Oltenitei” is now owned by World Class Romania and will be rebranded as ...
SAA Partners at IBA Rome 2018
17 September, 2018Our legal team at SAA is well travelled and well connected. We recognise that our relationships to other leading law firms and lawyers, play a vital role in maintaining our in depth understanding of international issues and the global reach which serves to assist our clients in the most holistic way....
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 the 15.07.2018, business owners enjoy legislative amendments related to the regulation of a new dividend payment mechanism, which the Law no. 31/1990 has suffered following the entry into force ...
New internship program benefits for employers
14 September, 2018July brought beneficial changes for employers, with several new laws being passed. State benefits for employers hiring unemployed, graduates, students and others. The new Government Emergency Ordinance amends several pieces of law on occupation in the workforce, apprenticeship and retention of ...
Real Estate Owners Associations under the new Law
14 September, 2018Law no. 196/2018 regarding the establishment, organization and functioning of owners associations and administration of condominiums, advertised in the Official Gazette of Romania under no. 660 of 30th of July, 2018 This new piece of legislation will enter into force on the 28th of September 2018, ...
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 modification and completion of the Cadastral and Real Estate Publicity Law no. 7/1996, advertised in the Official Gazette of Romania under no. 638, 23rd of July 2018. Law no. 185/2018 entered into force on ...
We're hiring: Pharma Lawyer
09 September, 2018Looking for a Pharma Lawyer Who we are Stratulat Albulescu Attorneys at Law is a dynamic Romanian law firm, providing legal advice in all business sectors and in all areas of Business Law and Dispute Resolution in Romania. Our team is comprised of lawyers who are leaders in their disciplines. We ...
SAA sponsors of the Romanian stand at Expo Real 2017
06 September, 2018Stratulat Albulescu Attorneys at Law, sponsors of the Romanian stand at Expo Real International Trade Fair 2017, in collaboration with AHK Rumanien. Stratulat Albulescu Attorneys at Law in Bucharest is proud to announce that it will serve as a co-sponsor of the Romanian booth at Expo Real: ...
Silviu Stratulat, speaker at EuroGrowth 2017
06 September, 2018Silviu Stratulat, speaker at EuroGrowth 2017, a one-of-a-kind, cross-border M&A conference in London organized by ACG. Stratulat Albulescu Attorneys at Law is pleased to note that the Managing Partner Silviu Stratulat will be a featured speaker at the EuroGrowth® Conference that will take place in ...
New Partner Ramona Iancu
06 September, 2018Stratulat Albulescu continues its growth by the hire of well-known lawyer Ramona Iancu as a Partner in the Corporate and M&A team along with Associate Silvana Zecheru. Stratulat Albulescu Attorneys at Law is pleased to announce that effective February 1st, Ramona Iancu joins our team as a Partner ...
Our Data Protection team wins the first Global Hackathon organized in Romania
06 September, 2018Our Data Protection team victory at the First Global Legal Hackathon organized in Romania Stratulat Albulescu is proud to announce that our Data Protection team won the Product Focus special award, within the Global Legal Hackathon, that took place this weekend, for the first time in Romania. Global ...
Enthusiastic entrepreneurs believe that electric cars can become very accessible in Romania
06 September, 2018Romanian entrepreneurs launch project for the cheapest electric car "Made in Romania" In Maramures, the Romanian region which shares a border with the Ukraine, sleepy villages authentically preserve century-old traditions as part of their daily lives. Inhabitants of this area keep the rural culture ...
New law on the production of energy from renewable resources
06 September, 2018New changes for promoting energy production from renewable sources On the 18th of July, 2018, the Romanian Parliament adopted Law No. 184/2018 for the approval of Government Emergency Ordinance No. 24/2017 regarding the amendment and completion of Law no. 220/2008 for establishing a system to ...
Monitoring employees personal data at work
06 September, 2018Monitoring of employees’ personal data at work A recent piece of legislation which came into force on the 31st of July, 2018 sets out specific conditions for certain categories relating to the personal data of employees. These special rules concern cases when employers use monitoring systems by ...
SAA Corporate Team attends IBA Corporate and M&A conference in Paris
01 September, 2018Corporate Team attends the very successful 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 are attending the “6th European Corporate and Private M&A Conference.” The ...
SAA's team witnesses 4 mid-year promotions and takes pride on it
01 September, 2018Stratulat Albulescu Attorneys at Law proudly announces the latest promotions within the firm We are happy to announce that the beginning of July has marked a new start for our firm, with the promotion of four of our young lawyers. Cristina Man, a business lawyer specialised in Corporate Law, Mergers ...
New Data Privacy Provisions
06 August, 2018New data privacy provisions from the Romanian supervisory authority The National Supervisory Authority for Personal Data Processing (“ANSPDCP”) has approved the proposed procedure for receiving and resolving complaints. The procedure establishes conditions which must be met in order for a ...
Amendments to Waste Legislation
06 August, 2018Material amendments to waste management 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 ...
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 for contacts and clients at MIPIM in Cannes. On Thursday morning, Stratulat Albulescu Attorneys at Law held its own breakfast event at the MIPIM, four day Real Estate Conference ...