Latest updates

Impact of environmental authorisation in transfer of assets or business
  • Corporate Finance/M&A
  • Romania
  • November 29 2017

Regulatory approval plays an important role in the transfer of assets or lines of business. In general, where permits are issued in consideration of assets being sold, the transfer will entail a new authorisation procedure to be undertaken by investors. This is also the case for environmental authorisation; however, as local authorities do not consistently deal with the applicability of the various regulations in this regard, mitigating potential hurdles will generally require coordination with the respective authorities involved.

Mortgage Bonds and Securitization Laws Finally Pass Parliament
  • Securitisation & Structured Finance
  • Romania
  • April 04 2006

Parliament has finally adopted the long-awaited Law on the Securitization of Receivables and the Law on Mortgage Bonds. Although the Mortgage Bonds Act appears to provide a suitable tool for issuing covered bonds, the Securitization Act appears to be overly regulative.

Martin Ebner
Schoenherr
  • Vienna
  • Austria
Alexandra Munteanu
Schoenherr
  • Bucharest
  • Romania
Schoenherr
Schoenherr