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Sorin Predescu

Associate

CMS Cameron McKenna Nabarro Olswang LLP SCP
One Tower
165 Calea Floreasca
12th–14th floors
District 1
014459 Bucharest
Romania
Languages Romanian, English, German

Sorin Predescu is an Associate in the Bucharest office, providing advice on commercial matters within regulated sectors, such as Gambling, Insurance or Pharma. He has an in-depth understanding of the unique challenges and opportunities that these industries present, offering insightful and result-oriented solutions to clients.

Sorin advises Gambling clients on compliance and regulatory matters, including assistance with annual re-authorizations and representation in front of regulators. He has a deep understanding of anti-money laundering compliance issues and helps clients navigate complex regulations and commercial issues within the gambling industry.

In the Insurance sector, Sorin provides expert advice on insurance distribution, assists clients in reviewing their contractual relationships and provides strategic guidance on various compliance and regulatory matters.

In the Pharmaceutical field, Sorin advises clients on a wide range of legal and regulatory issues, such as those related to Bolar and Experimental Use Exemptions, advertising of medicines and medicinal devices and COVID-19 testing and vaccination. He also has experience advising on local regulatory aspects pertaining to the telemedicine business.

Sorin also has knowledge and interest in the fields of Crypto and Decentralized Finance (DeFi).

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Relevant experience

Gambling:

  • One of the world's most popular online gambling operators & platform providers on compliance and regulatory matters, including assistance with annual re-authorizations and representation in front of the Romanian regulator.
  • An international full-service provider in the gambling industry on anti-money laundering compliance issues, including updating policies to meet the 4th AML Directive requirements.
  • Several B2B operators in the gambling industry on setting up local businesses and a wide range of regulatory and licensing issues. 

Insurance:

  • A global provider of insurance products on insurance distribution advice.
  • A leading financial service provider in the automotive sector on compliance of their insurance business in Romania.
  • A leading independent reinsurance group on their contractual relationship with a leading insurance company in Romania.
  • A device management platform on insurance distribution advice.
  • One of the largest general insurance companies in Romania on insurance distribution advice.
  • A multinational provider of insurance products on insurance distribution advice.
  • A top Romanian general insurance company on a Balance Sheet Review dispute.
  • One of the world's leading insurers on life and non-life insurance and reinsurance regulatory matters.
  • A multinational insurance company on setting up a parametric insurance policy in Romania.

Pharma:

  • An international pharmaceutical company on the national legal and regulatory framework for Bolar and Experimental Use Exemptions.
  • An international pharmaceutical company on allocation in COVID-19 vaccination phases and priority groups.
  • A provider of D2C testing services on the regulatory classification of their COVID-19 test kits as in-vitro diagnostic medical devices.
  • A multinational telemedicine and virtual healthcare company on local regulatory aspects.
  • A European pharmaceutical company on requirements for advertising of medicines and medical devices.

Tech:

  • The local branch of a multinational technology company on a transfer of business.
  • An international producer of luxury motor vehicles against product safety allegations.
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Memberships & Roles

  • Bucharest Bar Association
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Education

  • 2022 – Decentralised Finance (DeFi) Fundamentals, University of Nicosia, online.
  • 2021 – Legal and Commercial Aspects of Sports Law, Qatar Hamad Bin Khalifa University, online.
  • 2020 – Responsible Gambling and Anti-Money Laundering Course, University of Gibraltar, online.
  • 2019 – Core Curriculum Session, CMS Academy, Paris.
  • 2019 – National Institute for Training of Lawyers, INPPA, Bucharest.
  • 2018 – LL.M., University of Bucharest, Faculty of Law, Bucharest.
  • 2017 – LL.B., University of Bucharest, Faculty of Law, Bucharest.
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Feed

22/11/2023
Romania issues new regulations for business transfers by licensed online...
Following the adoption of EGO no. 82/2023 by the Romanian Government on 26 October, the President of the National Office for Gambling (NOG) issued Order 181/2023, which concerns the approval of conditions...
08/11/2023
Cannabis law and legislation in Romania
Medical use Law no. 339/2005 (the Law) provides that the growth, import and sale of cannabis for medical use is allowed in Romania, but under strict Government supervision. Patients may be prescribed...
24/10/2023
Significant tax increases for gambling operators in the Romanian market
Romania’s Emergency Government Ordinance no. 82/2023 (EGO no. 82/2023), which was adopted on 5 October and amends Emergency Government Ordinance no. 77/2009 on the organisation and exploitation of games...
05/10/2023
Romania issues draft Emergency Ordinance that could significantly impact...
As part of Romania’s new focus on safeguarding vulnerable gamblers and increasing taxes on gambling companies, the government has published a draft Emergency Ordinance (GEO) on the gambling industry...
18/05/2023
5G regulation and law in Romania
1. What is the state of 5G deployment in your country? 5G deployment has progressed steadily in recent years, with commercial services becoming available in 2019 thanks to the efforts of the Romanian...
Comparable
09/05/2023
Online gambling law and regulation in Romania
Footnotes and Notes NB: Operators licensed in other EU Member States to offer online gambling services must obtain a licence and/or authorisation to offer such services in Romania. Simplified requirements...
26/01/2023
Romania introduces new tax for operators in the gambling sector
Romania introduced a new contribution payable by economic operators in the gambling sector through the passage of Law no. 286/2022 for the implementation of Government Emergency Ordinance no. 83/2022...
11/01/2023
Use of Outsourced IT personnel in Central and Eastern Europe
While Europe is the most impacted region by the ongoing war in Ukraine, the IT service markets in Central and Eastern Europe (CEE) are expected to continue to grow by nearly 6% and 7% in 2022 and 2023...
13/12/2022
Gambling laws in Romania
1. Regulatory framework 1.1 Is there a Gambling Act (or equivalent) in place?     Yes.Gambling in Romania is regulated primarily through Emergency Government Ordinance No. 77/2009 and the Meth­od­o­lo­gic­al...
Comparable
15/09/2022
Pharmaceutical advertising regulation and medical device advertising in...
1. Which laws are applicable regarding advertising of medicines and medical devices? Law no. 148/2000 on ad­vert­ising;Au­di­ovisu­al Law no. 504/2002;Law no. 95/2006 on the healthcare reform;Ministry of Health...
07/06/2022
Adverse effects of drugs and vaccines in Romania
1. Drug adverse effects: kinds of responsibility 1.1 Which are the main kinds of responsibility (contractual, in tort, criminal) of the following subjects with respect to adverse drugs reactions? Depending...
Comparable
01/11/2021
EUR 500 m in grants to be awarded for SME digitisation projects
The Romanian Ministry of European Investments and Projects recently published the extended version of Romania's National Recovery and Resilience Plan (PNRR), which allocates EUR 2.5 billion to the Romanian...