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Romania’s energy storage sector is growing quickly, attracting strong interest from both local and international investors. While the opportunities are significant, the legal framework remains unclear in several areas, making it essential for investors to carry out careful assessments before entering the Romanian market or expanding their portfolios.

Freshfields, Oppenheim, and BDK Advokati have advised Continental and its ContiTech division on the sale of the Original Equipment Solutions business unit to US private holding company Regent. Taylor Wessing, Karanovic & Partners, Gen Temizer, and Stratulat Albulescu advised Regent. DR & AJU, Foley & Lardner, Gide Loyrette Nouel, Mori Hamada & Matsumoto, Felsberg Advogados, Cascione Advogados, and ECIJA reportedly advised Regent as well.

Filip & Company, working with Norton Rose Fulbright, has advised the Romanian Ministry of Finance on several private placements in the form of loans from national and international financial institutions with an aggregate value exceeding EUR 2 billion.

On 15 August, the Ministry of Finance made publicly available a draft legislative package that introduces changes to Romania's corporate framework, with a particular focus on limited liability companies. These reforms aim to strengthen fiscal discipline and improve transparency.

With the accelerating push for decarbonization and the growing focus on energy security and sustainability, RRH Legal Managing Partner Indir Osmic and CMS Romania Partner Varinia Radu discuss national and regional developments, investor sentiment, and the key trends shaping the CEE energy sector.

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.

Romania’s Ministry of Finance has recently released a draft legislative package – the “Package II” Measures – which introduces a series of structural reforms affecting companies across sectors. The draft law covers both corporate and individual taxation, as well as corporate governance requirements and is expected to reshape compliance obligations for businesses in the coming years.

Filip & Company has advised ING Bank Romania, ING Bank N.V., and Raiffeisen Bank S.A. on a EUR 70 million financing for the La Fantana group with ING Bank Romania as the lead mandated arranger, bookrunner, coordinator, and initial lender, Raiffeisen Bank S.A. as the initial lender, and ING Bank N.V. as the agent and security agent.

Dentons has advised DRI, part of the DTEK group, on a EUR 60 million green loan from UniCredit and Garanti BBVA to finance the construction and operation of a 126-megawatt-peak solar park in Vacaresti, Romania. Clifford Chance advised UniCredit Bank and Garanti BBVA.

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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