After almost a decade of discussions between banks and authorities and in line with the commitment of the Romanian Government towards the IMF and the European Commission, on 3 March 2016, Law 304/2015 regarding the issue of mortgage bonds ("Covered Bonds Law")…
Ramona Volciuc-Ionescu, Partner at Volciuc-Ionescu SCA is the exclusive winner in the International Law Office (ILO) Client Choice Awards 2016 "Energy and Natural Resources – Romania" category. The awards ceremony took place in London on 10 February…
Pursuant to the Regulation 1227/2011 on wholesale energy market integrity and transparency (REMIT), the Agency for the Cooperation of Energy Regulators (ACER) has the obligation to monitor trading activity in wholesale energy products to detect and prevent trading based on inside information and…
One of the first renewable energy claims filed by an investor against a state as a result of amendments to the incentive framework on the ground that the amendments violate the protection granted to the investor under the Energy Charter Treaty (ECT) has just been decided by an arbitral tribunal in favour of the state…
The Romanian antitrust watchdog – Competition Council ("RCC") has recently issued a press release announcing fines of around EUR 37 million to 11 major players in the energy sector. The parties involved are on the one hand, Hidroelectrica SA, the largest state-owned energy producer…
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