Foreign Desks News Today

Stratulat Albulescu has advised the founders of Romanian automated cybersecurity solutions provider Coda Intelligence on the sale of the company to PDQ. Kirkland & Ellis reportedly advised PDQ.

Stratulat Albulescu has advised the GapMinder Venture Partners Fund II on investing in Genezio in a USD 2 million round that included Underline Ventures and other angel investors.

Berechet Rusu Hirit has successfully represented photovoltaic project developer and operator NextE in overturning a 2022 document issued jointly by Romanias notary public union and national cadaster agency that limited the development of renewable energy projects on collectively held land in rural areas.

Firon Bar-Nir has advised David Shmuely on the development of a Bucharest residential project through a partnership with a Turkish real estate developer.

On 16 November 2023, the Romanian Government approved the draft law aimed at ratifying the Unitary Patent Court Agreement (“UPCA”). Going forward, the draft law will be sent to the Romanian Parliament for its approval.

On 26 September, the Romanian Government approved by way of Law No. 296/2023 (the “Law”) important fiscal measures intended to reduce the budget deficit and ensure long-term financial stability. After multiple debates, the Law was published in Official Gazette No. 977 of 27 October 2023.

CEE Attorneys Boanta Gidei si Asociatii has advised Fagura on the setup and launch of the Fagura.ro loan-based participatory finance provider platform.