In the last years, Romania has seen an effervescence of new regulations and transactions in energy (both conventional and renewable), utilities and infrastructure fields. Our aim is to be recognised as a dynamic, versatile and successful business in these areas and we take pride in our ability to devise innovative and commercially viable solutions to complex transactional and regulatory problems.
Our lawyers gained valuable exposure in dealing with some of the largest energy and utilities providers in the world, with key players in natural resources and sector-specific services as well as with the Government and municipalities. We have been involved in many of the most significant transactions in Romania including public contracts, infrastructure projects and utilities privatizations, private energy projects and PPP’s.
In addition to our constant commitment to a thorough understanding of the relevant businesses, we are maintaining and developing close contacts with relevant Governmental and regulatory authorities, thus being able to keep abreast of new regulations and practices on issues relevant to the industry and our clients.
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Our lawyers have considerable experience, having acted for:
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Oil & Gas
- Mol Rt. in connection with its acquisition of Shell Romania;
- Mol Rt. in connection with a divestment of a network of gas stations and certain assets to Petrom and acquisition of assets and businesses from Petrom;
- PKN Orlen in its attempt to acquire the Romanian national oil & gas company Petrom;
- The Romanian Post Privatization Fund in relation to its investment and subsequent sale of VitalGaz to Gas de France;
- Two international financial institutions in connection with their investment in the largest gas supplier and distributor in Romania;
- Schlumberger Oilfield Services in connection with contractual matters in Romania;
- The banks in more than 25 financing transactions for gas and electricity companies, with or without sovereign guarantees;
- CDI Oilfield Services (a John Crane entity) in connection with outsourcing agreements with the largest oil & gas company in Romania;
- Wintershall in connection with the attempted acquisition of a natural gas storage company in Romania;
- Baker Hughes on the attempted acquisition of a oilfield services company;
- Stratic Energy Corporation and Grove Energy (Romania) Ltd in connection with the concession of an oil EDP block and joint venture with Sterling Resources;
- KCA Deutang Drilling in the attempted acqusition of an oilfiled services company and on day-to-day matters.
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Energy Production
- The Romanian Government with regard to the privatization strategy in the energy sector, as part of a consortium led by Hunton & Williams;The AES Corporation in connection with the privatization of Electrica Muntenia Sud;
- E.ON in connection with the proposed privatization of a Romanian power plant;
- A large US energy company in structuring arrangements for a PPP with a municipality for the development of a brownfield biomass power plant;
- The consortium comprising Itochu, Toshiba and Hitachi in connection with the rehabilitation of a power plant and construction of a power station;Crosstown Power on regulatory matters and construction and operation of wind farms;
- ECO2 Ltd on the construction of a biomass-fuelled power plant;
- Aquila Grup with respect to the construction and commissioning of a wind farm;
- The banks in more than 20 financing transactions for electricity production companies, with or without sovereign guarantees;
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Energy and Carbon Trading
- The European Federation of Energy Traders as local counsel in connection to the implementation in Romania of their standard trading agreements;
- International energy traders (E.On Sales and Trading, Sempra Energy, Slovenske Holding, JAS) in setting up their operations and obtaining the relevant licenses in Romania;
- Merrill Lynch Commodities Europe in connection with power trading agreements and licensing matters;
- RBS Bank in connection with carbon trading matters;
- Gazprom on licensing and electricity and carbon transactions.
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Other Projects
- Maritime Transport Business Solutions in connection with a project having as objective the improvement of the use of public port infrastructure for Port of Constanta;
- An international financing institution in connection with the project financing of a new barge terminal in the Port of Constanta;
- Earthtech (an Aecom company) in connection with various projects in Romania;
- The consortium comprising Itochu, Toshiba and Hitachi in connection with the rehabilitation of a power plant and construction of a power station;
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