D&B provided legal assistance for the first supranational issues of bonds on the Romanian domestic market, in accordance with Romanian law, as well as for the listing the bond son the Romanian regulated market.
D&B David şi Baias granted legal assistance to the issuer and to its financial advisor by acting as as counsel to the deal and was involved in every legal aspect of the transaction, advising on legal and regulatory aspects of conducting a public offering in Romania, advising on contractual structure, preparing and reviewing documentation and advising on the procedure with the Romanian market regulator (“CNVM”) and the Bucharest Stock Exchange. (2005 and 2006)
Assistance provided to a Romanian bank with preparing and authorising a bonds issuance prospectus up to a maximum overall amount of RON 91,250,000 with the National Securities Commission, with the view of issuance of multiple instalments of bonds to be approved at trading on the Bucharest Stock Exchange during 2009. From a technical perspective, the project was very complex, representing the first prospectus ever approved by the National Securities Commission, based on European regulations.
The D&B team acted as legal counsel to the deal and was involved in every legal aspect of each transaction, advising on legal and regulatory aspects of conducting public offerings in Romania, advising on the contractual structure to be implemented, preparing and reviewing documentation and advising on the procedures to be followed with the National Securities Commission and the Bucharest Stock Exchange (2005 and 2006).
Assistance provided to the largest Romanian bank consisting of advising and coordinating the restructuring of its foreign operations in certain jurisdictions of the European Union, including the United Kingdom (in cooperation with Landwell and PwC): D&B David şi Baias advised for the establishment of the reorganisation plan regarding the participations of the bank’s three subsidiaries in France, Germany and the United Kingdom and assistance for implementing that plan. The project resulted in the transformation of the bank’s foreign subsidiaries in Germany and France into branches of the bank’s subsidiary from the United Kingdom. The project required the involvement of specialist teams from each country and had various implications in each jurisdiction (e.g. legal, regulatory, tax, accountant, etc.) and before the relevant authorities of all the involved countries. The D&B role of this project consisted in being the legal and regulatory expert and the coordinator of the involved teams.