Legal Business

Sponsored briefing: Romanian criminal judicial bodies must comply with fiscal courts’ final judgments

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International Muşat & Asociaţii

The Decision of the Romanian Constitutional Court no. 102/17.02.2021 is set to completely change the approach towards tax evasion cases, stating that criminal prosecution bodies must from now on give appropriate consideration to final decisions rendered by fiscal courts that establish the existence or non-existence of a prejudice brought to the consolidated State budget.

In many cases, criminal prosecution bodies are notified regarding a possible tax evasion offence, following fiscal audits carried out by the National Agency for Fiscal Administration. The latter issues administrative and fiscal documents that may be challenged separately, before fiscal courts.

Legal Business

Sponsored firm focus: Focus on Musat & Asociatii

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International Muşat & Asociaţii

Chairman and managing partner: Gheorghe Muşat | Deputy managing partners: Răzvan Stoicescu, Paul Buta

Number of partners: 13 | Number of lawyers and other fee-earners: 100 + | Languages: English, French, German, Italian, Spanish, Romanian

Romania, Bucharest office: 43 Aviatorilor Bd., 1st District 011853 | T: +40 21 202 5900 | F: +40 21 223 3957 | E: general@musat.ro | W: www.musat.ro

Brasov office: 4 Diaconu Coresi St., 1st Floor, 500025 | T: +0368 006 105 | F: +0368 006 108 | E: general@musat.ro | W: www.musat.ro

 

Muşat & Asociaţii is a leading, full-service Romanian law firm, advising leading national and international companies alike, as well as governmental authorities and agencies, financial institutions and investment funds. Over 2,500 high-profile clients benefit from top-notch legal expertise and extensive resources, provided via 13 partners and over 100 dedicated attorneys. Muşat & Asociaţii is a pioneer in the business law industry and one of the first established law firms in the country, tracing its history back 30 years.

Areas of practice

M&A/PRIVATISATIONS: acting on complex cross-border transactions and on a full range of deal structures.
Clients: Penta Investments, Spectrum Brands, DAMEN Shipyards Mangalia, Sterling Resources, Enel Group, SABMiller, GDF Suez, Abbott, CRH Ireland.

CORPORATE AND COMMERCIAL: structuring and negotiating complex secured and unsecured transactions.
Clients: Amazon, Google, Facebook, Emerson, Dell, Nokia, Penta Investments, Premier Capital.
Contacts: Gheorghe Mușat, managing partner (musat@musat.ro); Răzvan Stoicescu, deputy managing partner (razvan.stoicescu@musat.ro); Iulian Popescu, partner (iulian.popescu@musat.ro)

LITIGATION AND ARBITRATION: the full spectrum of representation, from lower courts to the High Court of Cassation and Justice and the Constitutional Court.
Clients: Damen Schelde Naval Shipbuilding, BCR Banca pentru Locuinţe, FirstBank, Kaufland, Enel, thyssenkrupp, Roche, Abbott, Oracle, Eli Lilly, Colas, TriGranit, GDF Suez, Panalpina, KMG International, Copisa Constructora Pirenaica.
Contacts: Cosmin Libotean, partner (cosmin.libotean@musat.ro); Paul Buta, deputy managing partner (paul.buta@musat.ro); Răzvan Stoicescu, deputy managing partner (razvan.stoicescu@musat.ro)

REAL ESTATE AND CONSTRUCTION: advises on the acquisition of land, construction and maintenance, permitting aspects, residential, office and commercial projects, as well as mixed-use scheme developments and asset management work.
Clients: Brookfield, Adesgo, Novares, Teconnex, CRH, InterCora, Kaufland, Buck Consultants, TriGranit, ING Real Estate, Sogeprom, Daimler, Grupo Lar, CAF, Italferr, European Investment Bank.
Contact: Monia Dobrescu, partner (monia.dobrescu@musat.ro)

ENERGY AND NATURAL RESOURCES: experienced in encompassing energy trading, generation, distribution, transmission and supply licensing, emissions trading and renewable energy and environmental legal aspects related.
Clients: Electrica, Hidroelectrica, Electrica Furnizare, Repower, Nereo GreenCapital, Electromagnetica, Wellbore Integrity Solutions, Kraftanlagen Romania, Omya Calcita.
Contacts: Iulian Popescu, Partner (iulian.popescu@musat.ro); Răzvan Stoicescu, deputy managing partner (razvan.stoicescu@musat.ro)

INFRASTRUCTURE AND PPP/PUBLIC PROCUREMENT: assists clients in public tenders, property finance and leasing, concession of public assets and services, drafting and negotiating PPPs and concession agreements, feasibility studies.
Clients: Solar Turbines, CCCC, Harris Corporation, Elbit, Sutech, CAF, European Investment Bank.
Contact: Iulian Popescu, Partner (iulian.popescu@musat.ro)

BANKING AND FINANCE: advises on syndicated loans; structured, acquisition, asset and project finance; securitisation.
Clients: EBRD, PPF banka, UniCredit, Citi, Raiffeisen, BRD Societe Generale, Ciech S.A., European Investment Fund, Barclays PLC, Nokia, Alcatel-Lucent, Novares, Alior Bank, Google Cloud Platform, Goldman Sachs & Co. LLC.
Contact: Monia Dobrescu, partner (monia.dobrescu@musat.ro); Răzvan Stoicescu, deputy managing partner (razvan.stoicescu@musat.ro)

CAPITAL MARKETS: handles transactions involving publicly held companies listed on the Bucharest Stock Exchange.
Clients: Goldman Sachs & Co. LLC, HSBC, JP Morgan, Citibank, Northern Trust, BNY Mellon (members of the Association of Global Custodians), Barclays PLC, Romanian Financial Supervisory Authority, UBS, Swiss Capital, BT Securities, Citi, Raiffeisen, Société Générale.
Contact: Răzvan Stoicescu, deputy managing partner (razvan.stoicescu@musat.ro)

TELECOMS, IT AND MEDIA: advises in all areas of communications, broadcasting, E-commerce, internet services, software development and licensing, infrastructure and equipment finance.
Clients: Verizon, Porsche, Disney, Sony, Google, Apple, Intel, Intact Media, AT&T, Amazon.
Contact: Iulian Popescu, Partner (iulian.popescu@musat.ro)

COMPETITION AND ANTITRUST: legal assistance in all stages of antitrust proceedings and investigations carried out at national and EU level, concerning both cartel-type behaviour and alleged abuses of dominant position.
Clients: Electrolux, Damen Shipyards Group, Roche, Generali Holding, Penta Investments, Eli Lilly, Servier, Orange.
Contact: Paul Buta, deputy managing partner (paul.buta@musat.ro)

RESTRUCTURING AND INSOLVENCY: covers pharmaceuticals, real estate, oil and gas, maritime technology, transportation, and construction.
Clients: First Bank, Aegean Airlines, Damen Shipyards Group, Termoelectrica, Sermedic, ECE Projektmanagement International GmbH, Dubai Aerospace Enterprise, Chloe Acquisition Consulting, Gordian Holdings, PVS International (S) PTE. LTD.
Contact: Mihai Popa, partner (mihai.popa@musat.ro)

TAXATION: advises on structuring in a wide range of corporate and financial transactions and fiscal matters.
Clients: Amazon, Emerson, Servier, SABMiller, Sermedic, Universal Music.
Contact: Razvan Graure, partner (razvan.graure@musat.ro)

HEALTHCARE AND PHARMA: counsels on M&A, restructurings and reorganisations, regulatory, competition and compliance-related advisory work.
Clients: Eli Lilly, Servier, Abbott, Lundbeck, Novartis, Astellas Pharma.
Contacts: Paul Buta, deputy managing partner (paul.buta@musat.ro); Dan Minoiu, partner (dan.minoiu@musat.ro)

INTELLECTUAL PROPERTY: experienced in acquisition, development, implementation, enforcement, licensing and other exploitation of IP rights, as well as in patent, trademark, and copyright regulatory matters.
Clients: Deutsche Telekom, ZTE, L’Oréal, Blue Air, Otsuka Pharmaceuticals, Apple.
Contact: Paul Buta, deputy managing partner (paul.buta@musat.ro)

TRANSPORT: advises on trade and transport of goods by sea, road and air, such as sale/purchase, charter, cargo insurance, recovery, arrest, execution, cargo, and freight claims.
Clients: CAF, Tip Trailer, China Gezhouba, Aerovista.
Contact: Iulian Popescu, partner (iulian.popescu@musat.ro)