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Press Reports

Sorin Susnea, Partner Eversheds Lina & Guia: „The increase of judiciary taxes takes a load of courts, but restricts access to justice for some social categories”

The new legislation limits procedural rights abuse, but it should also be aligned with the legislation regarding public judicial assistance.

Incomemagazine.ro
Avocatnet.ro
Legalmagazin.ro
Dailybusiness.ro

About the NACP inspection

Considering that most of the press articles tend to explain the rights of consumers, we will try to even the playing field and briefly present the obligations that an inspector from the National Authority for Consumer Protection (NACP) has to comply with when inspecting any business operator.

Horeca

Cristina Popescu, Partner Eversheds Lina & Guia: „The deferred payment for green certificates will drive away a large number of foreign investors”

The draft Emergency Ordinance elaborated by the Ministry of Economy in April amending the Romanian Support Scheme for renewable energy, provides for a deferral of payment, for the period July 1, 2013 – December 31, 2016 for part of the green certificates issued to investors in micro hydro-electric, wind and photovoltaic projects, in order to control the increase of electricity prices.

IncomeMagazine.ro
Capital.ro
Bizlawyer.ro
Euroavocatura.ro
Wall-Street.ro
Bursa.ro
Infolegal.ro
Beck.ro

Drive for wider Board diversity challenged by trend for smaller Boards - new report identifies global standards and emerging trends for effective boards

The ‘Eversheds Board Report: The Effective Board’ is a global study that analysed the share price performance of over 500 top companies in Europe, the US, Asia-Pacific, the Middle East and Brazil between 2011 and 2012 to investigate the characteristics of global boardrooms. The report also reflects in-depth interviews with 85 senior board members from around the world. It follows the first Eversheds Board Report published in 2011, the first study to compare board composition and share price performance with research going back to 2007.

Dailybusiness.ro
Bizlawyer.ro
Infolegal.ro
Business24.ro
Bursa.ro
Euroavocatura.ro

Private jets maintain altitude despite turbulent times

Romania’s private jet (PJ) market was in full flight before 2009, but pundits say the business did not crash back to the ground during the financial crisis. The acquisition of private planes is not a luxury fad, but is often considered a long term investment. The Diplomat – Bucharest talked to different PJ experts in order to find out more about bizjet purchase processes and ways to keep the sector alive.

Private Jets - The Diplomat

No power plant is an island: connecting to the grid

The renewable energy industry has a firm grip on investors’ attention, with more and more RES-E plants about to connect to the grid. At the Access to the Grid conference organized by the Federation of Associations of Energy Utility Companies (ACU E) and The Diplomat – Bucharest in late March, the main renewable energy players explained the entire connection procedure, proposed solutions and shared their predictions. The event was organized together with the Federation of Associations of Energy Utility Companies and in partnership with Adrem Invest, CEZ Distributie, EgnatiaRom, Eversheds Lina&Guia, ISPE, Marsh, Siemens, Vestas and Wolf Theiss.

Energy Feature - The Diplomat

How to exit prejudicial contracts

Honoring the agreement with commercial partners, regardless of the form of this agreement, is one of the rules that any functional economy is based on. This rule is translated into juridical terms by the mandatory force of the contract – once a part of the contract agreed to it, has not only a moral obligation to fulfil the assumed obligations, but also a juridical one.

Although this principle is, without any doubt, one of the fundaments of a healthy commercial environment, there are also exceptional situations when the rigid execution of a contract can affect the commercial relations and justify amendments to it. We are referring here to one of the circumstances in which one of the parts enters the contract in good will but later, for reasons that are not attributable to them, reaches the conclusion that the execution of the contract would be prejudicial for its activities.

Tribuna Economica
Bizlawyer.ro
Infolegal.ro
Beck.ro
Curieruljudiciar.ro
Avocatnet.ro
Euroavocatura.ro

Insolvency: distress or turnaround opportunity?

Lately, more and more businesses are confronted with financial difficulties due to the current economical context, which makes it harder and harder to benefit from a funding opportunity. In some cases, the financial distress turns into insolvency (the impossibility cover outstanding debts with the available funds).

Capital
Dailybusiness.ro
Businesscover.ro
Avocat.net
Legalmagazin.ro
Euroavocatura.ro

The controversial list of health claims allowed on food products

EC Regulation no. 432/2012 establishing a list of generally permitted health claims on food is in effect since December 14, 2012. From this date on, all unauthorized health claims are forbidden from use and products containing such unauthorized terms should be withdrawn from the European market.

Horeca

Eversheds releases Global Environment Guide for Europe, Middle East and Asia

The hottest issues in environmental policies worldwide are analysed in the first edition of the “Environment Guide”, released by international law firm Eversheds. The Guide provides a valuable insight into the relevant legal framework to help entrepreneurs navigate through the often complex and always technical legal jargon and have an overview of the legal and practical relevance of environmental issues across 27 European countries, two Asian and four from the Middle East.

BizLawyer.ro
Avocatura.com
Beck.ro

Sorin Bonciu, local investor in green energy, takes over the French supermarket chain Interex in Romania. Eversheds Lina & Guia stands by the seller

The transaction through which two local firms are taking over the commercial spaces owned in Romania by the group ITM Enterprises SAS, received the approval of the Competition Council. The buyer is Sorin Bonciu, local investor in renewable energy, who will acquire the supermarkets of CDER Interex SA and European retail Company ERC RO SRL in Romania through the local firms Bomax Invest SRL and Electricom Solar SRL.

BizLawyer.ro

Eversheds Lina & Guia next to Italo-Romena in the acquisition of Nova Building

The Italian bank Veneto Banca acquired the office building "Nova Building" in Bucharest, through its Romanian branch Italo - Romena. The Italians bought the offices on Barbu Vacarescu which they previously rented, from the Lebanese founders of Primola chocolate brand. The transaction was closed in December for the price of 17 million Euros.

BizLawyer.ro

Eversheds Lina & Guia appoints two new Partners

At the end of this year, Eversheds Lina & Guia appointed two new partners, Cristina Popescu and Sorin Susnea, who will join Cristian Lina, Mihai Guia, Adrian Iordache and Cristian Guia.

Business24.ro 
Bursa
BizLawyer.ro
Euroavocatura.ro

Eversheds Lina & Guia registered 48% increase of business

Eversheds Lina & Guia, one of the newest members of the Eversheds network, boosted up its results for the current year. The full service law firm will end this year with a 48% increase in turnover, compared to the previous year. This accelerated increase surpassed with 14% the partners' estimations for this period.

Bursa
Wall-Street.ro
Dailybusiness.ro

BizLawyer.ro
Avocat.net
Beck.ro
Euroavocatura.ro

Romania - the new hotspot for solar plants?

For most investors out there concepts like renewable energy, carbon footprint and reduction of greenhouse gas emissions are inherently linked with notions such as green certificates, feed in tariffs, subsidies or other forms of incentives to make it work from a business and profitability perspective

Romanian Photovoltaic Industry Outlook 2012

New warning signals from the residential and office construction market

More and more incidents registered by residential or office compounds are warning about the quality of the buildings, both during their actual construction, as well as during their exploitation, maintenance and/or modification.

Business Construct

Category captains and their importance in modern retail

The main idea of category management is to administrate the store not as a conglomerate of products, but individually for each particular category of products, according to the specifics of price and time.

Retail-fmcg.ro

Business expansion with franchising

An internationally acknowledged method to expand a business is exploiting the know-how gained while building the first business, with a minimum of financial and operational risks -franchising.

Horeca

Eversheds Lina & Guia: Major advertency to cross-border transactions. Limitations of due diligence may have negative consequences on post-integration

Global businesses are not realizing the full potential of cross-border mergers and acquisitions (M&A) as means of driving growth due to weaknesses of the deal process. A new global study, The M&A Blueprint: Inception to Integration, published today by global law firm Eversheds, shows that deal teams need a more holistic approach and stronger connections between planning, completion and post-deal integration phases.

ZFCorporate.ro

Grafica Veneta Spa recovers debt claim from Adevarul Holding. Eversheds Lina & Guia and Vilau Mitel are behind the negotiations

The Italian firm Grafica Veneta Spa managed to recover its debts from the press trust Adevarul Holding, after threatening with a possible enforcement.

BizLawyer.ro

Eversheds Lina & Guia at full throttle in 2012. The lawyers advised on 6 billion Euro 8 cross-border transactions

For Eversheds Lina & Guia the first six month of the year 2012 brought a significant increase compared to last year's numbers. The increase for Q1 of 2012 was 41%.

BizLawyer.ro

EU approves the transaction SCA - DS Smith, through which the Romanian operations go to the British. Clifford Chance, RTPR A&O and Eversheds Lina & Guia advising

The transaction through which the British group DS Smith took over the packaging operations of the Swiss Svenska Cellulosa Aktiebolaget (SCA) was granted green light by the European Commission. The acquisition price was around 1,7 billion Euro.

BizLawyer.ro

Eversheds Lina & Guia analysis the Romanian business market in "Alternative Corporate Re-Engineering"

A team of top lawyers from Eversheds Lina & Guia contributed with an editorial to the first edition of the Alternative Corporate Re-Engineering publication from the European Lawyer Reference series. The publication was published by the European Lawyer Magazine under the coordination of Field Fisher Waterhouse, one of the giant law firms specialized in franchising.

BizLawyer.ro