CMP assisted a Romanian subsidiary of Raiffeisen Leasing GmbH during the sale process of a large buildable plot of land in Aleea Viilor, Timișoara. The land was sold to a local investor and is planned for a landmark project comprising 12-story buildings. Our lawyers assisted the client with both legal and tax support, such as […]

On 29 July 2019, the Parliament passed a piece of legislation (Law no. 159/2019) which modified several articles of Law no. 350/2001 of territorial landscaping and urbanism. A consistent part of the amendments brought by Law no. 159/2019 have no implication within the process of acquiring or developing real estate project. However, a single amendment […]

According to a press release the European Commission has prohibited the creation of a joint venture by Tata Steel and ThyssenKrupp under the EU Merger Regulation. The merger would have reduced competition and increased prices for different types of steel. The parties did not offer adequate remedies to address these concerns. Taking into account that Tata Steel is […]

In brief: the property right over a building erected in spite of the lack of a building permit can no longer be judiciary recognized. On 3 June 2019 the High Court of Cassation and Justice ruled with respect to a long controversy regarding the consequences of a building lacking a duly issued building permit. In short, […]

Brief conclusion: the minutes drafted by ANAF at the request of the prosecutor during the criminal prosecution are no longer means of proof in the criminal proceedings. The Constitutional Court unanimously decided that the regulation of the Fiscal Procedure Code which allowed the minutes prepared by ANAF during criminal investigations at the request of the […]

On 10 May 2019, the procedure regulation of the Competition Council was modified to the extent that all complaints sent by the Romanian Government to the Competition council will be resolved first and in a timely manner. The main procedures generated by the Government in front of the Competition Council include the state aid notifications […]