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News & Insights

It’s official – Shale gas is covered by the Petroleum Law

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“)…

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Establishment of Personal Insolvency for Romanian Individuals

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…

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Registering as electricity trader / supplier in Romania – simplified rules for EU legal entities

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…

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EU Banking Resolution Framework – Publication of Romanian Draft Law Transposing BRRD

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…

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Volciuc-Ionescu SCA ranked as a leading firm in Chambers Europe 2015

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…

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