Associates | Romania Feed

A multidisciplinary team of lawyers from Reff & Associates | Deloitte Legal assisted PK Development Holding, a Prime Kapital group company, in a EUR100 million euro bond issue subscribed mainly by the five former financial investment funds (SIFs) – Lion Capital, Evergent Investments, Transilvania Investments, Longshield Investment Group and Infinity Capital.

Reff & Associates | Deloitte Legal assisted Damen Galati Shipyard in obtaining EUR25 million financing from Exim Banca Romaneasca, which will be used by the shipbuilder to implement its investment program, based on the expansion and equipping of ship assembly facilities.

A multidisciplinary team of lawyers specialized in administrative litigation and in urban planning law from Reff & Associates | Deloitte Legal represented Promenada Mall Bucharest, part of NEPI Rockcastle Group, in a lawsuit in which the Bucharest Court rejected the request for annulment of the Bucharest General Council’s Decision no. 339/2020 under which it was approved the Urban Plan for the Capital’s second District.

Reff & Associates | Deloitte Legal co-opts in the team of partners Alex Slujitoru, a lawyer with over 15 years of experience, to lead the tax litigation practice.

Law firm Reff & Associates | Deloitte Legal has obtained from Romania's High Court of Cassation and Justice (HCCJ) the annulment of almost RON10 million interest rates imposed by Romanian authorities on a multinational company operating in the field of building products, which was forced to reimburse a state aid granted from the national budget.

Reff & Associates| Deloitte Legal obtained, in the administrative appeal stage with the Ministry of Finance, a favorable solution for a taxpayer operating in the agribusiness sector, namely the annulment of a tax decision issued during a tax inspection for operations carried out during a period for which the statute of limitation occurred, and which had been the subject of a previous tax inspection.

Reff & Associates and Deloitte Romania provided assistance to Studium Green, the real estate developer from Cluj owned by businessman Dorin Bob, in the acquisition of a portfolio of 100 buildings and properties from Immobiliare Italo Romena, a subsidiary of the former Italian bank Veneto Banca (since 2017 in state of compulsory administrative liquidation).   […]

Deloitte Romania and Reff & Associates | Deloitte Legal assisted Knauf Insulation, one of the world’s largest manufacturers of insulation solutions and part of the German Knauf group, in taking over the glass mineral wool factory Gecsat SA located in Tarnaveni, Mures county. The transaction was completed following the notification of the Competition Council.   […]

Deloitte Romania and Reff & Associates | Deloitte Legal assisted, via two different multidisciplinary teams, both the sellers and the buyer in the acquisition of the first e-money institution licensed in Romania, Capital Financial Services, which operates under the Twispay brand, by Elrond Network, the blockchain company founded in 2018 in Sibiu by Beniamin Mincu, […]

A multidisciplinary team, made of lawyers from Reff & Associates | Deloitte Legal and tax consultants from Deloitte Romania, has obtained a final favorable decision from the High Court of Cassation and Justice (HCCJ) by which the tax authority is bound to motivate the application of a transfer pricing method different from the one chosen […]

Reff & Associates | Deloitte Legal assisted the real estate developer Speedwell in purchasing a nine-hectare plot of land located in Bucharest, on the Griro platform, one of the largest plots of land available in the capital. Speedwell will build on this land a project estimated at 500 million euros that will include apartments, office […]

A multi-disciplinary team made of experts from Deloitte Romania’s Financial Advisory practice and from Reff & Associates | Deloitte Legal provided assistance to Chimcomplex in obtaining the EUR 90 million funding for refinancing existing loans and for investment. The chemicals producer borrowed EUR 26.7 million from CEC Bank and EUR 30 million from Alpha Bank […]

A multi-disciplinary team made of experts from Deloitte Romania’s Financial Advisory practice and from Reff & Associates | Deloitte Legal provided assistance to Chimcomplex in obtaining the EUR 90 million funding for refinancing existing loans and for investment. The chemicals producer borrowed EUR 26.7 million from CEC Bank and EUR 30 million from Alpha Bank on September 30, 2021, which the company will use for fully refinancing existing loans from VTB and Credit Suisse/Argentum Netherlands BV, for the takeover of Oltchim assets, and for continuing development projects. The EUR 56.7 million amount will be supplemented by a EUR 33.3 million loan from CEC Bank, which will be contracted in October 2021, totalling EUR 90 million.

Reff & Associates | Deloitte Legal launches SecuRE, a proprietary digital tool that was created to help real estate owners and tenants manage regulatory compliance requirements, regardless of the kind of property they own or use and of the industry in which they activate. The web-based app facilitates the collection, review and archiving of permits, contracts, authorizations and any other regulatory document and allows users to archive and manage online the entire compliance process, to prioritize and to project manage the remediation process in case on non- compliance. SecuRE also integrates the legal knowledge of Reff & Associates | Deloitte Legal’s experts in the real estate regulatory compliance field, by indicating to users what kind of documents they need based on the information about the real estate asset they provide within the app.

Reff & Associates | Deloitte Legal has been recognized again this year as a top law firm by the independent international publication EMEA Legal 500 in nine practice areas: real estate and construction, banking and finance, commercial, corporate and M&A, employment, tax, EU and competition, PPP and procurement, TMT and dispute resolution. The ranking assesses law firms in over 150 jurisdictions and is based on feedback from 300,000 lawyers working for in-house legal departments, on information submitted by law firms and interviews with leading lawyers.

Deloitte Romania and Reff & Associates, the law firm representing Deloitte Legal global network in Romania, provided assistance to Haier Tech, a Romanian company belonging to the Haier Group, in the project for building in Prahova county the first Haier’s refrigeration factory in the European Union. After assisting Haier Tech in obtaining the financing agreement for state aid in December 2019, Deloitte’s Management Consulting practice is now advising Haier Tech in the implementation of the large investment project that exceeds EUR 53 million, for which the state will provide aid of EUR 25 million.

Deloitte Romania strengthens its management team by promoting Ioana Boca to Financial Advisory Director, Sorin Elisei to Director within the specialized practice in the energy and natural resources industry, and Mihnea Galgotiu-Sararu to Partner within Reff & Associates, the law firm member of Deloitte Legal global network.