Getting the Deal Through – Private Equity 2010 was launched at the Annual Private Investment Funds Conference in London on 7th-9th March 2010, a volume in the series of annual reports providing comparative international analysis in the legislative business law.
In the format adopted throughout the series, the same key questions are answered by leading practitioners in 33 jurisdictions. The report is divided into two sections:the first deals with fund formation in 17 jurisdictions and the second deals with transactions in 29 jurisdictions.
STOICA & Asociatii contributed by Ms Cristiana Irinel Stoica, Founding Partner, to the article for Romania under transaction section. The article presents the Romanian legislative regulation in private equity area, types of private equity transactions, tax issues, existing indebtedness, exit strategies, cross-border transactions.
The article presents the implication of law no 31/1990 on commercial companies according to which the commercial companies are governed either by a board of directors (monistic system) or by a board of directors and a supervisory council (dualistic system).
Private equity transactions involving public companies are separately regulated by the Capital Market Law 2004 and the Romanian National Securities Commission (CNVM) must approve the offer prospectus before it is made public. Private equity transactions are usually performed as a sale of shares.
For further information, please visit www.gettingthedealthrough.com
In November 2010, STOICA & Asociatii will celebrate 15 years since its foundation. Set-up in November 1995, by the association of two Romanian pre-eminent lawyers, Professor Valeriu STOICA and Cristiana I. STOICA, the law firm STOICA & Asociaţii has constantly extended the area of expertise and has developed a team of 40 lawyers with solid professional background.