On 30.03.2016, the National Gambling Office granted the 2nd class (affiliate) licence to LiveSport Media, an internet media company, operating a network of more than 60 websites that target a number of local markets, mainly located in Europe.
During the licensing procedure, LiveSport Media has been assisted by Mocanu si Asociatii which prepared the necessary documentation, provided guidance on the process even before the enactment of the norms for the enforcement of the Gambling Law (i.e., Government Emergency Ordinance no. 77/2009) and assisted the company before the National Gambling Office. This is the first affiliate licence issued by the National Gambling Office.
Mocanu si Asociatii is representing UniCredit Bank Austria with respect to the share purchase offers addressed by the latter to the minority shareholders of UniCredit Bank SA.
Starting with 21st of March 2016, the offers have been sent to all minority shareholders, at the last address registered with the shareholders registry of UniCredit Bank SA. The purchase offers are valid until August 12th 2016 inclusively.
One year after being drafted, the norms for the enforcement of the Romanian Government Emergency Ordinance no. 77/2009 on the organization and operation of games of chance (the “Gambling Law”) were finally enacted and published on 26 February 2016.
The norms, approved through Government Decision no. 111/2016, define new terms (including pertaining to services ancillary to the gaming activities) and set forth the licensing and authorization conditions for the gaming and gaming–related activities.
On 18 February 2016, EFTA Surveillance Authority Decision no. 38/15/COL of 4 February 2015 adopting a notice “Guidelines on the applicability of Article 53 of the EEA Agreement to technology transfer agreements” [2016/96] was published in the Official Journal of the European Union (the “Guidelines”).
The Guidelines set criteria and options that may be used on a case by case basis for assessing whether a technology transfer agreement may restrict actual or potential competition, either by its scope or by its effects.