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Kinstellar advises on the Romanian law aspects of the recent financing for Polon-Alfa

May 2025 – Kinstellar is pleased to announce that it has advised on the Romanian legal aspects of the recent financing for Polon-Alfa, a portfolio company of Argan Capital, on the establishment of a new continuation fund managed by Argan Capital and...

Kinstellar, together with Greenberg Traurig Poland, advises on the Romanian, Czech and Hungarian legal aspects of a PLN 3.66 billion financing for CCC

May 2025 – Kinstellar, together with Greenberg Traurig Poland as lead counsel, is pleased to announce that it has advised again its long-standing client, CCC, the leading Polish-based footwear manufacturer and retailer with a network of over 1,000 stores...

Kinstellar together with Milbank as lead counsel advises Advent on the acquisition of TBI Bank in Bulgaria, Romania, and Turkey

May 2025 – Kinstellar is pleased to announce that, together with Milbank as lead counsel, it has advised Advent, a leading global private equity investor, on the acquisition of TBI Bank, a leading digital challenger bank in Southeast Europe, from 4finance...

Category Management Agreements: Belgian Competition Authority issues landmark decision in cartel case involving anti-competitive arrangements for the placement of OTC medicines in pharmacies

April 2025 – On 24 April 2025, the Belgian Competition Authority (“BCA”) announced that it had imposed fines totalling EUR 11.2 million on pharmaceutical companies Johnson & Johnson, Boehringer Ingelheim, and Haleon. The sanctions were issued...

Update on the implementation of CS3D and CSRD, and related local legislative developments in Bulgaria, Croatia, the Czech Republic, Hungary, Romania, and Slovakia

April 2025 – Despite the 6 July 2024 transposition deadline for the full implementation of the Corporate Sustainability Reporting Directive (CSRD), several jurisdictions – including the Czech Republic and Romania – remain subject to infringement...

Discount for the payment of certain tax liabilities in Romania – follow-up

April 2025 – As described in our previous newsletter in September 2024, profit taxpayers and microenterprise income tax taxpayers in Romania benefit from a 3% discount of their annual profit/income tax liability related to fiscal year 2024/the modified...

New obligations for employers in Romania: Fair wages and enhanced prevention and management of workplace discrimination and harassment

April 2025 – In recent years, we have seen several new obligations imposed on employers in Romania, and 2025 will be no different. Starting from January 2025, certain amendments to Romanian labour legislation entered into force, impacting employers...

Kinstellar announces new Partner promotions

April 2025 – Kinstellar is delighted to announce the promotion to Partner of Magdalena Raducanu (Romania), Jan Lehký (Czech Republic), and Kuanysh Shekerbekov (Kazakhstan). 

Dive into the latest competition law updates in Romania

April 2025 – In the first quarter of 2025, the Romanian Competition Council (“RCC”) published several significant decisions, launched new investigations, and imposed fines in cases involving abuse of dominant position, price coordination, and other...

Changes and clarifications regarding construction tax in Romania

April 2025 – On 4 April 2025, Romania government Emergency Ordinance no. 21/2025 ("the GEO") was published and entered into force, introducing several important amendments and clarifications regarding the recently enacted construction tax. We summarise...