Filip & Company Facilitates Cross-Border Merger for Credit Europe Bank Romania
Deal News | Jan 17, 2025 | CEE Legal Matters
Filip & Company, a renowned law firm, has advised Credit Europe Bank Romania on a significant cross-border merger by absorption into its Dutch parent company, Credit Europe Bank. This strategic move allows the Romanian bank to continue operations as a branch of the Dutch entity post-merger. The transaction marks the first cross-border merger in the banking sector under a new legislative framework, highlighting a trend of operational optimization at a group level in the international banking market. Filip & Company's team, led by Partner Alexandra Manciulea, with contributions from Partner Eliza Baias, Counsel Rebecca Marina, and Associates Gabriela-Bianca Gheorghe and Raluca Bita, played a pivotal role in this complex legal process.
Sectors
- Banking
- Legal Services
Geography
- Romania – Credit Europe Bank Romania is the Romanian entity involved in the cross-border merger.
- Netherlands – The parent company involved in the merger is based in the Netherlands, establishing a cross-border relationship.
Industry
- Banking – The article involves a cross-border merger in the banking sector, focusing on Credit Europe Bank Romania and its Dutch parent company.
- Legal Services – Filip & Company provided legal advisory services for the cross-border merger, playing a crucial role in the transaction.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Credit Europe Bank Romania | Target | Company | The Romanian banking entity involved in the cross-border merger into its Dutch parent company. |
| Credit Europe Bank | Bidding Company | Company | The Dutch parent company absorbing its Romanian branch through the merger. |
| Filip & Company | Legal Advisor | Company | A legal firm advising Credit Europe Bank Romania on the cross-border merger. |
| Alexandra Manciulea | Partner at Filip & Company | Person | A partner who commented on the merger's significance and led the advisory team. |
| Eliza Baias | Partner at Filip & Company | Person | Part of the legal team involved in advising the merger process. |
| Rebecca Marina | Counsel at Filip & Company | Person | A counsel contributing to the legal advisory team. |
| Gabriela-Bianca Gheorghe | Associate at Filip & Company | Person | An associate who assisted in the merger advisory process. |
| Raluca Bita | Associate at Filip & Company | Person | An associate involved in the legal advisory work for the merger. |