News and Insights

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…

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…