The Romanian Ministry of Energy recently finalised the public debate of a document outlining a new mechanism for supporting low-carbon electricity generation, in the form of a Contract for Difference (CfD) scheme.

In The Corner Office we ask Senior and Managing Partners across Central and Eastern Europe about their unique roles and responsibilities. The question this time around: “What is the one skill, ability, or characteristic that fresh law school graduates in your country most commonly lack?”

Clifford Chance Badea has advised First Bank, owned by US-based investment fund J.C. Flowers & Co., on its acquisition of Bank Leumi Romania.

Dragne & Asociatii has successfully represented Partidul Libertate, Unitate si Solidaritate before Romania's High Court of Cassation and Justice of Romania  in a dispute regarding the right to constitute electoral alliances.

Clifford Chance Badea has advised Alpha Bank Romania in relation to the first covered bond program established in Romania, for the amount of EUR 1 billion. RTPR Allen & Overy advised Barclays Bank PLC as arranger on the program, which comes three years after the Romanian covered bond law entered into force.

Suciu Popa has successfully represented Enel Green Power Romania in litigation based on what the firm describes as "the wrongful calculation and illegal enforcement of local taxes related to a wind farm and other related accessories."

Adina Calfa-Dudoiu, the former Legal Director at Rosia Montana Gold Corporation, has joined the E-INFRA Group in Romania as the new Group General Counsel.

Partners Francisc and Carmen Peli and several colleagues have split from Romania's PeliFilip law firm to create the Peli firm, with their former colleagues rebranding and operating as Filip and Company going forward.

Vernon David & Associates has advised Banca Transylvania SA on labor and employment law issues relating to the integration of Bancpost SA with Banca Transylvania.

NNDKP has successfully represented Rompetrol Downstream Srl in a RON 62 million breach of contract claim filed against the company by Regie Autonoma de Transport Bucuresti.

The brain drain of highly trained and otherwise qualified professionals is increasingly felt in all industry sectors of Romania. We have lost people from all professional backgrounds and levels, low- and high-skilled alike. Statistics are disconcerting: in 2017, nine Romanians left the country every hour and we were second in the world after war-stricken Syria in emigration rankings. In the space of only ten years, about 17% of Romania’s population left the country. How many of them will ever come back? Romania needs a strong country project, sustained, ongoing efforts meant to encourage return migration, and policies to dissuade those who consider leaving the country. In 2018, the centenary year of Romania’s Great Union, I wish for a stronger, more united Romania, looking for ways to entice the next generations away from emigrating and into returning to their home country.

Andersen Global has announced a collaboration agreement with Tuca Zbarcea & Asociatii, a law firm with offices in Bucharest and Cluj-Napoca, and its tax arm, Tuca Zbarcea & Asociatii Tax.

The SEE Private Equity and M&A Forum 2019 will reconvene on 14th June in Bucharest

Monday, 8 April 2019, Hilton Garden Inn, Strada Doamnei 12, Bucharest

CMS has advised Zentiva Group a.s. on its acquisition of Romanian pharmaceutical company Solacium and its subsidiary Be Well Pharma from Siyiara Enterprises — a holding entity of A&D Pharma / Dr. Max Group — and entrepreneur Tony Trasca. The Czech Republic's Evan Law Firm advised Siyiara and Romania's Fine Law advised Trasca on the sale, which remains contingent on the satisfaction of several conditions, including the approval of the Romanian Competition Council.

Schoenherr, working with lead counsel Hengeler Mueller and Belgium's Bredin Prat, China's JunHe, Mexico's Galicia Abogados, and Wuersch & Gering in New York, has advised Sweden's Ericsson on its acquisition of Germany's Kathrein SE's antenna and filters division. Noerr and Ziems & Partner acted as lead counsel to Kathrein, assisted by, among others, Eisenberger & Herzog, Freshfields Bruckhaus Deringer, Allen & Overy, and Gleiss Lutz.

SEE Property Forum 2019 - Bucharest, Romania

RTPR Allen & Overy has advised Prime Kapital on the sale of a real estate portfolio to MAS Real Estate for EUR 112.97 million. Reff & Associates — the Romanian office of Deloitte Legal — advised the buyers on the deal, which involves nine retail centers with a total surface of 67,959 square meters, located throughout Romania.