On 24 June 2022, the Bucharest Tribunal, as the initial court, ruled for the cancellation of Bucharest’s general zoning plan (Planul Urbanistic General or PUG), which is the main zoning document of the city, instituting buildable limits and the regime… Read moreBucharest Tribunal rules against the city’s main zoning plan
On 17 July 2022, Law 216/2022 came into force amending and supplementing Law No. 85/2014 on insolvency prevention and insolvency proceedings and other normative acts. Law 216/2022 also amended Romanian Companies Law No. 31/1990 (Romanian Companies Law) on the duties… Read moreRomania increases duties for directors when insolvency is likely
1. Overview On August 4, 2022, Ordinance no. 18/2022 on the authorization and functioning of representative offices of foreign companies and economic organizations in Romania (“GO 18/2022”) adopted by the Romanian Government has been published in the Official Gazette. GO… Read moreRomania – New legislation on representative offices
As part of its ‘Know Your Rights in Romania’ programme, a team of Romanian lawyers from DLA Piper have produced a guide to support Ukranian refugees in navigating various aspects of the Romanian legal system, and understanding their rights. The… Read moreDLA Piper launches guide to support Ukrainian refugees in Romania: Legal education programme for individuals fleeing Ukraine in Romania | Юридична освітня програма для осiб, якi залишають Україну в Румунії
Nestor Nestor Diculescu Kingston Petersen (NNDKP) acted as legal advisor for the syndicate of banks granting a financing facility worth EUR 347 million to Swiss-based Ameropa Group. The syndicate of banks was composed of Banca Comerciala Romana SA (BCR) and… Read moreNNDKP assists a syndicate of banks in connection with EUR 347 million financing granted to Ameropa Group
Bondoc si Asociatii SCA together with global law firm White & Case LLP advised Stabilus SE and its subsidiaries (Stabilus Group), one of the world’s leading suppliers of motion control solutions for a wide range of industries, on a new… Read moreBondoc și Asociații advised Stabilus SE on a new long term financing with €450 million credit facilities
1. Overview 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… Read moreGrid connection of renewables in Romania – challenges, endeavors, solutions
On 26.07.2022, Law no. 265/2022 regarding the Trade Register and the amendment and completion of other normative acts affecting registration in the trade register („Law 265/2022”) was published to The Official Gazette of Romania, having as its main object the… Read moreRelevant amendments regarding Law no. 31/1990
Nestor Nestor Diculescu Kingston Petersen (NNDKP) assisted ExxonMobil, one of the world’s largest publicly traded international oil and gas companies, with finalizing the last steps in selling to Romgaz its 50% participation in the Neptun Deep offshore block in the… Read moreNNDKP assists ExxonMobil with closing the sale of its participation in Neptun Deep offshore project to Romgaz
Țuca Zbârcea & Asociații advised MOL Romania Petroleum Products S.R.L. on all legal matters regarding the design, authorisation and execution phase of the service stations located on the A2 Motorway. The MOL Murfatlar stations are part of the service concession… Read moreȚuca Zbârcea & Asociații successfully advises MOL Romania on the opening of the first two service stations located on the A2 Motorway
