The validity of a number of petroleum concession agreements has been challenged in court on claims that shale gas is not covered by the petroleum law No. 238/2004 (“Petroleum Law“), and therefore, the National Agency for Mineral Resources (“NAMR“)…

Read more Download

After many versions and years of discussions between stakeholders, the Romanian Parliament has finally passed a law establishing the procedure of insolvency of natural persons – the law was published in the Official Gazette on 26 June 2015 (“Personal Insolvency Law“) and…

Read more Download

Earlier this year, the Romanian Regulatory Authority for Energy (“ANRE“) adopted the Order No. 12/2015 approving a new Regulation for granting authorizations and licenses in the electricity field which provides that a legal entity registered in an EU member state…

Read more Download

On 11 June 2015, the Romanian Ministry of Public Finance published the draft law transposing into Romanian legislation the EU Directive 2014/59/EU of the European Parliament and of the Council establishing a framework for the recovery and resolution of credit institutions and investment firms…

Read more Download

Since its creation as a spin-off of several lawyers led by the heads of the energy, finance and projects teams of a leading international law firm in December 2013, Volciuc-Ionescu has positioned itself as a leading Romanian independent law firm and, while still very young…

Read more