News and Insights

The National Bank of Romania (“NBR”) regularly assesses credit institutions in terms of systemic importance, in line with the specific guidelines set out by the European Banking Authority in this regard. Following the most recent assessment of NBR dated December 2016…

The National Energy Regulatory Authority (ANRE) has recently published a draft for a new order regulating the organization and operation of investigation activities on the energy wholesale market. (Draft Investigations Order). This is the second attempt of ANRE to adopt such a regulation…

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…