Against the background of energy transition and of the states’ need to ensure their energy security in the current geopolitical context, offshore renewable energy technologies have gained increased attention. Today, they have been included in renewable energy policies both in the European Union ("EU") and in the EU Member States, whether we are talking about wave energy, tidal energy, energy produced by floating photovoltaic panels, floating wind turbines and wind turbines attached to the seabed.
Legal Education Programme for Individuals Fleeing Ukraine in Romania: Employment
We are four months into the conflict between Russia and Ukraine and still a long way from a conclusion awaited by so many people. Beyond the reasons of this conflict and potential outcome lies the dramatic change in the lives of the Ukrainian population. Daily updates in the proportion of displaced Ukrainians paint a vivid picture of the unfolding drama that affects not only Ukraine, but Europe and much parts of the world.
Patent Marking in Romania
Indicating a patent number on the product or, when in the course of issuing such, the “patent pending” indication applied on either the packaging or the product itself, is typically understood in IP terms as “patent marking”. Patent marking is not mandatory in Romania and, in consequence, there is no standard format for the patent marking to be applied on the patented products.
PNSA and NNDKP Advise on Ameropa’s EUR 347 Million Syndicated Facility
Popovici Nitu Stoica & Asociatii has advised the Ameropa Group on obtaining a EUR 347 million senior secured multicurrency revolving credit facility from a syndicate of banks including BCR, Raiffeisen, ING, and UniCredit. Nestor Nestor Diculescu Kingston Petersen advised the lenders.
Update on the Procedure for the Enactment of the Legislation on Whistleblowers’ Protection
The Law on whistleblowers’ protection was approved on 29 June 2022 by the Chamber of Deputies.
ZRVP Advises Ana Hotels on Athenee Palace Management Agreement with IHG Hotels & Resorts
Zamfirescu Racoti Vasile & Partners has advised Ana Hotels on a hotel management agreement with international group IHG Hotels & Resorts for the operation of the Athenee Palace hotel under the InterContinental Hotels & Resorts brand starting from 2023.
Closing: Romgaz Acquisition of Stake in Neptun Deep Project from ExxonMobil Now Closed
Nestor Nestor Diculescu Kingston Petersen and Dentons announced that Romgaz' acquisition of ExxonMobil subsidiary ExxonMobil Exploration and Production Romania Limited (reported by CEE Legal Matters on May 12, 2022) has now closed.
Filip & Company Advises Digi Group on EUR 128 Million Loan
Filip & Company has advised RCS & RDS and its Digi Spain Telecom subsidiary on a EUR 128 million five-year term loan for investment purposes. Reportedly, Freshfields' offices in Spain and the Netherlands advised RCS & RDS as well. Clifford Chance reportedly advised the financing banks, with Spain's Banco Santander acting as agent.
Tuca Zbarcea & Asociatii Advises Mol Romania on Opening Two Motorway Service Stations
Tuca Zbarcea & Asociatii has advised Mol Romania on the development, authorization, and opening of two new service stations on the A2 Motorway.
Grid Connection of Renewables in Romania – Challenges, Endeavors, Solutions
Grid connection in Romania is mainly regulated by ANRE Order no. 59/2013 approving the public grid connection regulation (the “Connection Regulation”), which has already been amended twice in 2022 (under ANRE Orders no. 17/2022 and 81/2022) and will soon be amended for a third time. Hence, the legal regime governing grid connection is quite a carousel of changes and reshapes.
Romanian DPA Report – A Year in Review – 2021
Romanian DPA case studies – our top 5 picks.
Romania: A Bird’s Eye View on ESG – Is the Real Estate Sector ESG-Ready?
Sustainability is no longer the responsibility of legal, public affairs, and corporate governance departments, but has become a top management priority and a central element of business strategy. One hundred years ago, Henry Ford said that the two most important assets of society – reputation and people – do not appear on the balance sheet of a company. Today, ESG standards come to measure precisely these two intangible assets.
Romania: New Law No. 265/2022 Replacing the Trade Registry Law No. 26/1990 and Amending the Companies Law No. 31/1990
On 26 July 2022, Law No. 265/2022 regarding the trade registry and amending and supplementing other legal instruments applicable to the registration with the trade registry (“Law No. 265/2022”), including the Companies Law No. 31/1990 (“Companies Law”), was published in the Official Gazette No. 750/2022.
CEE Legal Matters Round Table on ESG: Finance Goes Green
On July 12, four leading lawyers from Croatia, Lithuania, Poland, and Romania sat down for a virtual round table moderated by CEE Legal Matters Managing Editor Radu Cotarcea to discuss the latest in ESG developments with a focus on green financing, its regional and local drivers and roadblocks, its impact on non-financial reporting, and what it all means for the legal profession.
Diana Fejer Makes Partner at Reff & Associates
Former Senior Managing Associate Diana Fejer has been promoted to Partner at the Deloitte Legal-affiliated firm Reff & Associates as of September 1, 2022.
Wolf Theiss and RTPR Advise on Sunman Group's Acquisition of Noriel
Wolf Theiss has advised the Sunman Group on its acquisition of Noriel Impex, Intertoy Zone, and Toys & Games Industry from Jonagold CEE Holding. Radu Taracila Padurari Retevoescu advised the sellers on the deal.
RTPR Advises EBRD on EUR 12.5 Million Financing to Dona
Radu Taracila Padurari Retevoescu, working with Reed Smith, has advised the EBRD on a loan of up to EUR 12.5 million to Dona company Calihory Group.
Dentons Advises on Sale of Affidea to Groupe Bruxelles Lambert
Dentons has advised private investment firm B-Flexion and the Affidea Group on the sale of Affidea to Groupe Bruxelles Lambert. Kirkland & Ellis reportedly advised the buyer.