The M&A market in Romania is very dynamic in this economic context favorable to foreign investments. After Eudonet showed a special interest in the IT market, taking over the entire shares of a Romanian company, under the guidance of lawyers working in TAB LAW, there is a special appetite of foreign investors for Blockchain technology, which Romanians develop with ingenuity.
Blockchain is a database that stores information in digital format. Blockchains are best known for their crucial role in cryptocurrency systems, such as Bitcoin, in maintaining a secure record of transactions. Blockchain’s innovation is that it guarantees the fidelity and security of a data record and builds trust without the need for a trusted third party.
How does it work? A blockchain collects information together into groups, known as blocks, that hold sets of information. When blocks are filled, they are closed and linked to the previously filled block, forming a data chain known as a blockchain.
Legal assistance to the parties throughout the procurement process is essential given the complexity of the procedure, the negotiations and the terms of the agreement. The Competition Council also has an important role to play in the analysis of procurement from the perspective of compliance with the requirements of anti-competitive rules.
The pre-contractual phase involves both the negotiations themselves and a careful due diligence carried out by the law firm so as to minimize the risks of misinterpretation or even litigation.
Successful closure of any M&A (merger and acquisition) procedure involves formalizing the transfer of shares and, consequently, the purchase price, so that all parties involved gain.
