News and Insights

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…

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…

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…

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…

In recent years, in an attempt to prevent and combat money laundering and terrorism financing, both the EU and the US have increased the number of restrictions in connection to businesses developed with designated persons or sanctioned countries. In view of the recent situation between Ukraine and Russia…