The Legal 500

Wolf Theiss

BUCHAREST CORPORATE CENTER (BCC), 58-60 GHEORGHE POLIZU STREET, 011062 BUCHAREST, ROMANIA
Tel:
Work +40 21 308 8100
Fax:
Fax +40 21 308 8125
Web:
www.wolftheiss.com
Email:

Romania


Romania

Within Banking, finance and capital markets, Wolf Theiss is a third tier firm,

Financing expert’ Claudia Chiper heads Wolf Theiss’ ‘very professional and reliable’ banking and finance practice, which was particularly active in the renewable energy sector in early 2013. It advised Raiffeisenbank on the €27m financing of two photovoltaic power projects. Other clients include China Development Bank and Vestas Wind Systems.

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Within Corporate and M&A, Wolf Theiss is a third tier firm,

Wolf Theiss’ corporate department is singled out for its ‘great networking capability and in-depth market knowledge’. It remained particularly active in the energy sector in 2013: for example, managing partner Bryan Jardine assisted LukErg with the purchase of an 84MW wind farm project. Practice head Ancuta Leach advised Gazpromneft Marine Bunker on the acquisition of Marine Bunker Balkan.

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Within Dispute resolution, tier 4

Wolf Theiss is handling an increasing number of financial services litigations, and also represents clients such as General Electric, Bricostore and Vamed in other contentious matters. Newly promoted partner and practice head Ligia Cecilia Popescu represented Degi Millennium Tower in a €18m tortious liability claim arising from the construction of the Millennium Business Center in Bucharest.

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Within Energy and natural resources, Wolf Theiss is a third tier firm,

At Wolf Theiss, a team of 15 lawyers handles due diligence matters and provides corporate advice to companies such as ENEL and IG Windkraft. ‘Pragmatic and tenacious’ practice head Ciprian Glodeanu recently advised Vestas on the sale of two power plants to LukErg Renew. Bryan Jardine is another name to note.

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Further information on Wolf Theiss

Please choose from this list to view details of what we say about Wolf Theiss in other jurisdictions.

Austria

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Bosnia and Herzegovina

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Bulgaria

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Croatia

Offices in Zagreb, Rijeka, and Split

Czech Republic

Offices in Prague

Hungary

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Poland

Offices in Warsaw

Romania

Offices in Bucharest

Slovakia

Offices in Bratislava

Slovenia

Offices in Ljubljana

Ukraine

Offices in Kiev

Serbia

Offices in Belgrade

Legal Developments by:
Wolf Theiss

  • EU TRANSACTION TAX: ADDITIONAL BURDENS ON BANKS?

    The finance ministers of the European Union met again last week to discuss the plan of introducing a single EU financial transaction tax. According to the plan, a 0.1 percent tax would be levied on bond and capital transactions, while a 0.01 percent tax would be charged on derivatives transactions.
    - Wolf Theiss

Legal Developments in Romania

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • The Dispute Resolution Review Sixth Edition - Romania

    Disputes in Romania are settled in court in the vast majority of cases, under procedures regulated mainly by the new Civil Procedure Code (CPC). The CPC entered into force on 15 February 2013, has carried out a systemic and extensive overhaul of the Romanian dispute resolution model. With a specific focus on acceleration of trial proceedings, the new regulation has reformed both the schedule and the content of proceedings taking place in various phases of the lawsuit, while attempting to clarify many of the controversies raised by interpretable provisions in the former regulation.
  • For sale: Romania - "Europe's granary"

    Initiated late November 2013 and adopted by the Romanian Parliament on 17.12.2013 (to be published upon the President's confirmation), the law regarding purchase of agricultural lands by non Romanian EU Citizens is setting the ground rules expected for the past 7 years, since Romania's accession to EU.
  • Ţuca Zbârcea & Asociaţii: Getting the Deal Through – Dominance 2014

     
  • The Mining Law Review Second Edition - Romania

    Before 1989, when the Communism regime fell, mineral resources in Romania were exploited by state-owned companies. Although these exploitations were advertised as big economic successes of the communist governments, in reality, most of them were using outdated technology and some caused significant pollution in the mining perimeters. Moreover, in the context of Romania's negotiations to join the European Union, some of the mining exploitations had to be shut down as they were far from being compliant with the European environmental standards.
  • Romania: VAT registration no longer required for electricity traders on OPCOM markets

    September 2013 - Projects,  Energy and Natural Resources. Legal Developments by Buzescu Ca. More articles by this firm.
  • Romania: Wind of change on the Romanian renewable energy market - part II

    In the Legal Insights edition of 18 March 2013, we presented the potential changes to the Romanian renewable energy scheme, resulting from an unofficial working draft Government Emergency Ordinance (GEO) circulated on the market. This Tuesday (2 April 2013), a draft Government Emergency Ordinance on the amendment of Law no. 220/2008 was officially published on the website of the Ministry of Economy. The public is invited to submit comment within the next 30 days, to the e-mail address dezbateri_publice@minind.ro .
  • Romania: Wind of change on the Romanian renewable energy market

    Romania seems to be one of the most attractive CEE jurisdictions for renewable energy investments, due to the generous support scheme which generated increasing enthusiasm over the past few years. Implemented in 2005, the support scheme for renewable energy (RES) consisting of tradable green certificates (GCs) combined with mandatory acquisition quotas was improved in 2008 and subsequently in 2010, but was only applicable as of mid-2011, upon state aid clearance from the European Commission (EC).
  • How can the Romanian Constitution be revised

    Although its stability over time represents the essence of the Romanian Constitution (the “Constitution”) and of any constitution, such fundamental law within the Romanian legal system should at the same time, at any moment, represent both a frame of reference for the Romanian social, political and economical life and a reflection of such. Given the accelerated changes within the society, in order for the Constitution to be brought in line with the overall social, political and economical evolution and perspectives, a procedure for its revision and also the limitations in what regards the possibility for the Constitution to be revised are established by this fundamental law itself. .
  • Romania: New financial and fiscal legislative amendments

    Government emergency ordinance no. 8/2013 for the amendment and supplementation of Law no. 571/2003 regarding the Fiscal Code and the regulation of certain financial and fiscal measures (published in the Official Gazette no. 54/23.01.2013) enters into force starting from 1 February 2013. GEO 8 introduces a number of important amendments and supplementa-tions in the fiscal legislation. We shall further present some of the amendments related to di-rect taxation, respectively to social insurance.
  • COMMITMENTS PROCEDURE IN ANTITRUST CASES BEFORE THE ROMANIAN COMPETITION COUNCIL

    1. Background The Romanian Competition Law no. 21/1996 (the " Law ") has been adopted and amended on various occasions so that it reflects the evolution of the competition law provisions in the EU. On 6 July 2010 the Law has been substantially amended, introducing among other institutions the commitments procedure for anticompetitive practices. Previously, the commitments were available only in merger cases under the form of remedies. The commitments procedure has been detailed in RCC guidelines issued in December 2010 (the " Guidelines "), which have been amended at the end of year 2012.