News and Insights

Romanian corporate insolvency is governed by a modern legal framework aimed at rescuing the insolvent debtor, while also ensuring (at least, partial) payment of debts towards creditors. The commencement of insolvency may be requested by a creditor who has a certain, liquid and due claim of at least EUR 8,800…

The National Regulatory Authority for Energy (NRAE) announced that it has approved on 8 February 2017 the Order no. 7/2017 regarding the Rules for publishing information on transactions concluded on the electricity market (Information Publishing Order). Although the new enactment itself is not yet available…

A team of lawyers from Volciuc-Ionescu, led by Sabin Volciuc, Head of Banking and Finance, and which included Alexandru Achim (Associate), has advised Banca Comerciala Romana on a EUR 25 million financing to TMK-ARTROM Slatina for the development of a thermal treatment line…

The highly anticipated new Romanian law on public-private partnership (“New PPP Law“) has been finally enacted and will enter into force on 25 December 2016. It replaces the former Law no. 178/2010 on public-private partnership, which due to significant legislative inconsistencies…

The Romanian Government has just approved the much awaited Transport General Master Plan for Romania ("TMP"), expected to significantly boost the infrastructure development in Romania over the next 15 years in railway, road, naval, aerial and multimodal transportation…