Firms To Watch: Energy and natural resources

act | Botezatu Estrade Partners is a relatively new firm with a strong background in corporate and regulatory energy issues, for major clients including E.ON. Stefan Botezatu leads the team.
Noerr has significantly boosted its energy credentials through the recent recruitment of highly experienced energy specialist Anca Mihailescu, formerly a name partner at the boutique firm Ijdelea & Associates.

Energy and natural resources in Romania

Bondoc si Asociatii SCA

Bondoc si Asociatii SCA represents a diverse mix of clients operating within the energy sphere, including major suppliers, developers, investors and lenders. The practice has a deep bench of ‘very well prepared, talented, committed and prompt lawyers‘ with expertise across the renewables and traditional power sectors, as well as oil and gas. Recently the firm has been involved in several significant acquisitions and divestments of renewable assets and companies. The team also has a good track record on the development and ongoing operation of energy assets. Key partners include the ‘very hardworkingMonica Iancu and managing partner Lucian BondocBogdan Bunrău  also has good experience of the mining sector.

Practice head(s):

Lucian Bondoc; Monica Iancu; Cosmin Stavaru; Bogdan Bunrau

Testimonials

‘Very well prepared, talented, committed and prompt lawyers. Always able to deliver well and on time, familiar with sophisticated competitive processes and complex transaction structures. Real team players, working very well with the financial and tax consultants in the transaction. Impressive performance in various long negotiation sessions. We would select Bondoc again for any transaction related project in Romania.’

‘The most important fact is that they have a 360 degrees approach, coming up with a lot of relevant angles to look from at the matter in discussion.’

‘The engagement was led by partners Lucian Bondoc mainly on M&A and competition matters and Monica Iancu on M&A and energy matters. Very hardworking, able to find pragmatic legal solutions to business needs and to master impressive amount of legal issues.’

‘What makes them different is the fact that they get involved at very detailed level, they become part of our team and they put them selves in our shoes.’

Key clients

ASTROPOINT LTD

CLARIANT PRODUKTE GMBH

CLARITAS INVESTMENTS

DELPHI CORPORATION

DISTRIGAZ SUD RETELE

ENGIE ROMANIA

EVIVA ENERGY (MARTIFER RENEWABLES)

IMWIND ELEMENTS GMBH

LEADING EDGE MATERIALS CORP.

RESTART ENERGY

SOCIÉTÉ GÉNÉRALE

SOLAREALIZE

STEAG GMBH

TAPBURY MANAGEMENT

VALOREM

VERBUND ROMANIA

WIND POWER SRL

WINDKRAFT SIMONSFELD GMBH

Work highlights

  • Advised STEAG on its sale of a renewable energy company with a 108 MW renewable production capacity to Hidroelectrica.
  • Advising Clariant on the development and operation of a biomass fired combined heat and power plant aimed at delivering electricity and steam to a full-scale commercial cellulosic ethanol plant.
  • Advising Restart Energy on several commercial and transactional matters including acquisitions towards its target of building a 500MW renewable portfolio by 2025.

CMS

CMS offers energy and natural resources clients a comprehensive service. The lawyers have strong regulatory expertise across the full range of product types, from renewable and traditional power, through to mining, oil and gas and utilities. This includes advice on related infrastructure projects, M&A, financings and real estate, as well as the necessary licensing and authorisation issues that arise in such heavily-regulated industries. This is backed by the firm’s international office network, including market-leading lawyers in London, which maintains its high reputation within the industry for energy and infrastructure. Romanian practice head Varinia Radu is a leading figure in the market with over 20 years’ experience.

Practice head(s):

Varinia Radu

Key clients

DWS Alternatives Global Limited

Valorem SAS

Gunvor International B.V.

Solarpro Holding AD

Petosolar SRL (part of Contour Global)

EDP Renovaveis

E.ON Energie Romania

EBRD

Mazarine Energy Romania

Gas Plus Dacia

SC PEWETE EVO EUROPE SRL

Iberdrola

BP Lightsource

Repsol (Spain)

Fora Oil and Gas and Alpha Oil and Gas (part of Pico Petroleum/Cheiron Group Egypt)

ADX Energy (Australia)

Low Carbon Investment Management Limited

Masterchem Oil Ltd (Malta)

Solar Access

JetFly Hub

Work highlights

  • Assisted the EBRD on the development and implementation of Contracts for Difference, designed to encourage priority investments in low-carbon generation technologies that are needed in the Romanian energy sector, to hit 2030 EU targets.
  • Advising Mazarine Energy Romania on a range of issues including licensing of its gas and power production, and ongoing post business transfer support in energy related compliance matters.
  • Assisting the oilfield services company PEWETE EVO Europe on various public procurement bids and contracts.

Filip & Company

Filip & Company has a top notch practice that comes highly recommended by energy clients, including investors, power companies and oil and gas producers. The lawyers are singled out for their expertise in renewables where ‘their deep understanding of legal, commercial and technical contexts is exceptional‘. The firm offers the full spectrum of advice and has achieved several significant regulatory and litigation gains for its clients in recent years. Within the team, founding partner Cristina Filip  has managed to stay on top of the energy business beautifully‘. Practice head Alina Stancu Birsan  is ‘outstanding - she has good knowledge of the local energy market which she combines with commercial awareness‘. Clients also praise associate Georgeta Gavriloiu for her ‘multidisciplinary grasp of the projects and her promptness‘.

Practice head(s):

Alina Stancu Bîrsan; Cristina Filip

Other key lawyers:

Georgeta Gavriloiu

Testimonials

‘The energy team has been supporting us with the renewable energy projects and the relevant legislation. We are always pleased to note that we would receive in advance and without asking the news on the key changes (or proposed changes) in law that have (would have) impacted on our business and our decisions.’

‘The quality of the legal advice has been on high level even for questions that lack legal practice. Filip were able to obtain feedback from relevant authorities or other stakeholders to provide us with guidance and share their honest opinions, outlining possible risks and mitigation measures.’

‘Filip & Company support goes far beyond legal advice. Their knowledge about the renewables market in Romania, especially their deep understanding of legal, commercial and technical contexts is exceptional. They are very well networked and thus always informed about current developments in the market.’

‘Ioana Roman and Alina Stancu Birsan are outstanding practitioners with a deep and profound knowledge. One of their strengths is to have the client’s interests in mind far beyond the usual measure. Their support is always straight to the point and solution orientated.’

‘They are smart, responsive, approachable, client-oriented… and the list could go on. I worked with them specifically in M&A projects in both distribution and renewables, and I was positively surprised with their understanding and knowledge of our business and the related implications. From concession agreements to installing wind turbines, they had the knowledge and the business acumen that really makes a lawyer useful for business.’

‘Cristina Filip is simply a brand in energy, and I have heard about her for 14 years now, way before having worked with her. And yes, she is as good as the reputation says. The secret is to stay close to the customers and the market, not becoming complacent. And she has managed to stay on top of the energy business beautifully. And I need to mention Alina Birsan. Her knowledge is more than impressive, her experience is invaluable, and she remains a nice, fun person to be around.’

‘The firm has a strong energy practice and delivers its service efficiently and is client responsive. Its partners are forward looking and aware of developments in the legal market place.’

‘Alina Stancu Birsan is outstanding. She has good knowledge of the local energy market which she combines with commercial awareness.’

‘For complex energy matters we rely on Filip & Company. They have great professionals and have a very good expertise in the field. They keep deadlines and they are answering very fast to our requests. We highly appreciate their in-depth knowledge of the market, their grasp of the commercial aspects and their multidisciplinary approach of the projects. Our relationship is based on trust, and we involved them in several important projects, with high stakes for our company, which shows our appreciation to their expertise and approach to sensitive matters.’

‘The team leader, Alina Birsan-Stancu, is a seasoned lawyer, with broad expertise and well-deserved excellent reputation. We highly appreciate her calm demeanor and her can-do attitude which were instrumental in helping us to advance our interests in the context of tense negotiation. We also work with Georgeta Gavriloiu. We value Georgeta’s multidisciplinary grasp of the projects and her promptness. Her legal advice is always on point and well-adapted to our commercial interests’

Key clients

Next Energy Partners

Hidroelectrica

Holcim Romania

Energy Gas Provider

Crucea Wind Farm S.A. (part of Hidroelectrica Group)

RCS & RDS

Continental Wind Partners

E-Power Holding S.R.L. and related group companies

RWE Supply & Trading

Electrica

WPD

BayWa RE

Steag

Work highlights

  • Successfully represented Hidroelectrica in its challenge against the restrictions placed by the regulatory authority on its right to export electricity to the European Union.
  • Representing Next Energy Partners, a leading power trading company, in a complex dispute involving several court proceedings against Engie concerning the performance and termination of two power sale-purchase agreements.
  • Assisting Holcim in proceedings against the National Energy Regulatory Authority concerning the obligation to acquire green certificates for electricity generated by a waste heat recovery installation.

Nestor Nestor Diculescu Kingston Petersen

Nestor Nestor Diculescu Kingston Petersen is a clear market leader for the full range of energy and natural resources matters. The firm has a well-structured team jointly led by Gabriela Cacerea  , who handles the power, renewables and downstream gas side, and Ruxandra Bologa  whose ‘knowledge of the natural resources sector in Romania is outstanding‘, particularly upstream oil and gas. The team is commended for achieving ‘great results‘ in complex litigations, and is also noted for its strong understanding of the regulatory authorities. The practice is also highly active on the corporate and M&A side, and has a good track record on renewables development projects, as well as offshore oil and gas exploration. Managing associate Mirela Preda is well regarded.

Practice head(s):

Gabriela Cacerea; Ruxandra Bologa

Testimonials

‘Well connected Romanian law firm with reasonable and well balanced advice. Extremely educated on Romanian Upstream / E&P law.’

‘Ruxandra Bologa is a fantastic energy lawyer who gives realistic advise. Well connected and with excellent visibility in relation to the energy sector and its stakeholders.’

‘Remarkable team that is very professional an collaborative. NNDKP managed to gather together excellent human resources to cover all the aspects of the natural resources sector.’

‘Ruxandra Bologa’s knowledge of the natural resources sector in Romania is outstanding. Her expertise and dedication is always appreciated by our company.’

‘The team achieved great results in a very complex litigation with state entities as a result of a collaboration with the internal resources of the client.’

‘Each member of the team was focused on the specific matter involved and assertive with the client.’

‘Very good team, strong knowledge, knowing very well the energy market in Romania and the approaches of various authorities’

‘Focusing on business needs and providing solutions to various issues’

 

Key clients

ExxonMobil

ENEL

Alternus Energy

Omya

KMG International

OMV Petrom SA

Deva Gold

LafargeHolcim

Weatherford

MOL

Nordex

Work highlights

  • Assisted ExxonMobil Development Company with respect to all matters concerning the first development of a deep offshore petroleum project in the Black Sea.
  • Assisted Alternus Energy in the acquisition of two solar PV parks in Romania from ReneSola, a leading international manufacturer and supplier of green energy products.
  • Assisted OMV Petrom in relation to challenging a court order issued by the National Regulatory Authority in Energy, through which gas producers were obliged to offer gas on Romanian centralized markets (gas release program) up to the end of 2022, with onerous sanctions imposed in case of breach.

RTPR | Radu Taracila Padurari Retevoescu SCA

RTPR | Radu Taracila Padurari Retevoescu SCA has an especially strong transactional and projects practice, but also offers good regulatory expertise. The power sector, with an emphasis on electricity distribution and renewables, is a core focus area. Here it has been involved in several of the market’s largest deals in recent years, having represented major international investors such as Macquarie Infrastructure and Real Assets. Clients appreciate the firm’s ‘impeccable professionalism’ and ‘good collaboration‘. Key partners include Victor Pădurari  on the project finance side and Mihai Ristici  on the corporate front. Senior associate Bogdan Cordos  is also praised for his ‘excellent knowledge and strong experience of the energy market and of the energy regulatory framework‘.

Practice head(s):

Victor Padurari

Other key lawyers:

Mihai Ristici; Bogdan Cordoş

Testimonials

‘The RTPR team shows impeccable professionalism in relation with the client and good collaboration for fulfilling the scope of work. They were always able to anticipate our needs as the client, being open to availability on short term notice.’

‘Bogdan Cordos has a an excellent knowledge and strong experience of the energy market and of the energy regulatory framework. In the projects already concluded as well in the ones currently ongoing, Bogdan demonstrates professionalism and provides high quality services. As client, we are happy to state that we can always rely on his availability, knowledge of the energy industry and manner of managing the project.’

 

Key clients

Macquarie Infrastructure and Real Assets (MIRA)

Uniper Global Commodities

China Huadian Engineering

Electrica

Engie Romania

Allianz Capital Partners

Work highlights

  • Advised Macquarie Infrastructure and Real Assets (MIRA) on the acquisition of a portfolio of power assets owned by CEZ Group in Romania.
  • Advised Macquarie Infrastructure and Real Assets (MIRA) on the attempted acquisition of a majority stake in the Romanian businesses of Enel.
  • Advised Uniper Global Commodities on regulatory requirements of trading natural gas on the Romanian market.

Schoenherr si Asociatii SCA

Schoenherr si Asociatii SCA has a highly versatile energy practice with good credentials for regulatory, transactional and projects-related matters. This includes upstream and downstream oil and gas, as well as electricity utilities, from power generation through to third-party access and interconnection issues. Another major strength is renewables, where the firm represents a broad mix of developers and investors. Well-regarded corporate partner Monica Cojocaru co-heads the team with Markus Piuk, who divides his time between the Vienna and Bucharest offices. The firm’s impressive regional footprint makes it an attractive choice for cross-border mandates.

Practice head(s):

Markus Piuk; Monica Cojocaru

Key clients

ENGIE Romania

OMV Petrom

Risen Energy Solar Project

Work highlights

  • Advised ENGIE Romania on the acquisition of a fully operational renewable energy (photovoltaic) project with an installed capacity of 5.46 MW.
  • Advised Risen Energy Solar Project on the sale of 100 % of the share capital of LJG Green Source Energy Beta to Alternus Energy Group.
  • Advised OMV Petrom on the extension of an existing partnership with Auchan Retail Romania to open 400 MyAuchan proximity stores in Petrom filling stations.

Tuca Zbârcea & Asociatii

Tuca Zbârcea & Asociatii fields a highly experienced team of lawyers who are ‘prompt, professional, dependable and offer good value for money‘. The firm’s comprehensive offering reaches all corners of the energy and natural resources market. Among the lead partners, Sorin Vladescu  , who handles M&A, projects and regulatory matters, is ‘exceptional by any standard, the best energy lawyer one can get in the market‘. Irina Moinescu  is also noted as ‘an expert when it comes to electricity, nuclear, renewables‘. Cornel Popa  is especially experienced in upstream and downstream oil and gas matters. Ciprian Dragomir  is also active on the mining side. Managing associate Nisa Jecu is praised for her ‘very strong technical abilities and a strong commercial sense‘.

Practice head(s):

Sorin Vladescu; Cornel Popa; Irina Moinescu; Ciprian Dragomir

Other key lawyers:

Nisa Jecu

Testimonials

‘I’ve had an excellent collaboration and great experience working with Tuca’s team. The lawyers are prompt, professional, dependable and offer good value for money. The energy team under the leadership of Sorin Vladescu really stands out: extremely experienced and knowledgeable of the power, renewable energy, oil and gas. They have a creative, thoughtful, commercial and practical approach which is part of a full service offering across core energy aspects.’

‘Sorin Vladescu is exceptional by any standard, the best energy lawyer one can get in the market. He runs a great team consisting of highly dedicated individuals from junior associates to partners. Sorin is proactive, personable and client-driven. Irina Moinescu has very strong experience in energy projects, especially power and gas. She is super-efficient and extremely good at contract drafting and negotiation. Nisa Jecu is a young lawyer in the energy department with very strong technical abilities and a strong commercial sense which allow for clear and effective legal advice on complex energy projects. Marius Barladeanu has exceptional breadth and depth of knowledge within the energy, oil and gas sectors. Commercial and pragmatic in all aspects of a transaction and able to bring added value both from a M&A and financing perspective.’

‘Very good as a team, very solid with an impeccable reputation in the market and offering diverse expertise in the power arena. They provide consistent services and thorough legal assistance, combing great technical knowledge and legal strategy. The team also excels in regulatory matters and has successfully acted on various contentious issues in the energy sector.’

‘Sorin Vladescu. He has an outstanding reputation as an energy lawyer, with deep knowledge of the regulatory landscape and an excellent understanding of the energy market (covering everything from electricity, oil and gas, renewables, nuclear etc). He is absolutely fantastic and has been our trusted advisor in the past 15 years. I totally recommend him. Irina Moinescu. Her corporate and M&A skills are impressive. She has been advising us for many years as regards many complex legal issues and has always managed to come up with the best possible solutions for us. She is an expert when it comes to electricity, nuclear, renewables. Nisa Jecu, also from the firm’s energy and corporate team, is young but an energetic and very hardworking lawyer. She has been super helpful and provided to the point advice whenever needed. Also very punctual and responsive.’

‘What makes them different, providing an edge to their services, is the mature understanding of the market as a whole and future directions applicable to this industry.’

‘While fully compliant in terms of corporate good practices, they do provide a variety of possible approaches to enable effective results within the existent legal frameworks.’

Key clients

CEZ / MIRA

Electrica

ENGIE Group

Romelectro

AIK Energy

E.O.N

E-Infra / Electrogrup

European Investment Bank

Eurotransgaz SRL

Marubeni Corporation Japan

MOL Romania

OMV Petrom

WTE Wassertechnik

Bepco

Work highlights

  • Legal assistance to CEZ  in the divestment of its Romanian assets to Macquarie Infrastructure and Real Assets (MIRA).
  • Legal assistance to Electrica on purchasing from Monsson a portfolio of wind and photovoltaic parks with a total capacity of 207 MW.
  • Advising Eurotransgaz SRL (subsidiary of Transgaz, the Romanian national gas transporter) on the development of the Ungheni (Romania) – Chisinau (Republic of Moldova) gas transmission pipeline (following the acquisition of S.E. Vestmoldtransgaz).

Dentons

Dentons has a versatile and highly experienced energy and natural resources team. The practice handles a mix of transactional, regulatory and projects related matters, including support on renewables developments and acquisitions. The team also has good experience of oil and gas matters, and has been advising Romgaz on its intended acquisition of Exxon’s interests in the Black Sea. The firm’s international reach also makes it a popular destination for cross-border mandates, as demonstrated by the firm’s healthy mix of domestic and multinational clients. Claudiu Munteanu-Jipescu  leads the well-regarded team.

Practice head(s):

Claudiu Munteanu-Jipescu

Key clients

Romgaz

Hidroelectrica

Electrica

Qair

Romanian Wind Energy Association (RWEA)

ENEL Energie Muntenia

Monsson Group

Tractebel Engineering

EnergoBit Cluj

Work highlights

  • Advising Romgaz on the acquisition of Exxon’s interests in the Black Sea.
  • Advising Qair with the takeover of two wind farms developments in Romania exceeding 50 MW.

DLA Piper Dinu SCA

DLA Piper Dinu SCA has strong credentials for regulatory, transactional, and infrastructure matters. Managing partner and practice head Marian Dinu  was previously general counsel at OMV Petrom, so oil and gas has always been a key focus for the firm. The firm has recently enjoyed a heavy involvement in several high profile renewables acquisitions and development projects, an area where the ‘knowledge and professionalism‘ of highly-rated counsel Paula Corban-Pelin comes to the fore. Overall, the practice is commended for being ‘responsive, flexible and open minded and one can always rely on them‘. The firm’s international network is also a major bonus for foreign investors.

Practice head(s):

Marian Dinu; Paula Corban-Pelin

Testimonials

‘The team at DLA Piper Romania offers a full-service scope of legal services to its clientele, at a high level of quality. The team has a broad knowledge across multiple industries, allowing them to identify potential risks and issues overlooked by other peers. The team has a high level of availability and will prioritize work streams on a short notice if requested by the client. The team takes the interest of their client in high regard and are willing to put in the extra work required to deliver a service of high standard. All deliveries has been delivered in due time and with a high to very high standard of quality. Compared to other firms we have worked with in the region, DLA have delivered a higher level of detail and additional considerations in their deliveries compared to their peers. The team is also humble, easy to approach and a easy to work with. They are fast to identify the issue at hand and approach the issue from the perspective of the client. The team has always made themselves available on teams on short notice when requested.’

‘The knowledge and professionalism offered by Paula Corban-Pelin is proficient in every topic she addresses. Paula has not only delivered the highest of quality of services in a wide range of complex legal issues, but also approached the task with a commitment and personal engagement towards the interest of the client that is unprecedented. I would highly recommend working with Paula to anyone.’

‘In my views, DLA Piper’s energy team is one of the best energy teams in Romania. They are responsive, flexible and open minded and one can always rely on them. We are very satisfied by their performance and trust their judgement even in the most sensitive matters. They understand our business and the specifics of the sector (I think they know the business far better than others in the market and this really shows in the quality of their advice). They are by far the most professional and dedicated lawyers with whom we have ever worked. With a business oriented and problem solving attitude they were instrumental in the success of our projects. During the transaction we saw the two opposite law firms in action and I would say that there is no comparison to make in terms of knowledge and professional attitude.’

‘We have a long lasting relationship with Paula Corban – Pelin, Counsel, head of the energy practice. I see Paula as an amazing and passionate lawyer, reliable and efficient, with an impressive knowledge of the energy sector. Among her strengths I can mention, the commercial approach, quick responses and high quality legal advice. I can say that Paula is more than our lawyer, she is our reliable partner in the business. Probably, there is no better proof of our trust in her abilities and excellent work than the fact that we are working constantly with her for years and we will continue to do so. Although we had the opportunity to see other lawyers in various situations (conferences, professional associations, opposing parties etc) we still believe that she is the most experienced energy lawyer on the market.’

Key clients

MET ROMANIA ENERGY

OX2

PNE RO PV HOLDING

PNE A.G./ PNE WIND ROMANIA ENERGY HOLDING

URLEASCA WIND FARM

CDI OILFIELD SERVICES

Work highlights

  • Assisted MET Romania Energy, a major power and natural gas supplier, with an investigation from the energy regulator related to an alleged market manipulation under REMIT.
  • Advised OX2 in connection with the acquisition of a 400MW wind farm located in south-eastern part of Romania.
  • Advised PNE A.G. and its local holding company in the sale of three wind projects with a total output of 220 MW to a large renewable energy company.

Ijdelea & Associates

Ijdelea & Associates is a well regarded energy and natural resources boutique. The lawyers ‘know the industry like the back of their hand and when giving advice they are down to earth and always commercially sound‘. The firm is particularly strong on the regulatory side, both for power and oil and gas issues, and has a good track record for representing clients in their contentious and non-contentious interactions with the relevant regulators. The firm is also highly experienced on the project development front, both for renewables infrastructure and onshore and offshore oil and gas. The ‘incredibly astute‘ founding partner Oana-Alexandra Ijdelea is a highly respected figure.

Practice head(s):

Oana-Alexandra Ijdelea

Testimonials

‘The firm gives excellent legal advice. They calibrate the efforts as needed and also recognize what matters for the business and prioritize that. As far as fees are concerned, they properly estimate the amount of the work and this is very helpful for budgeting.’

‘Oana Ijdelea handles our project. She provides first class leadership and support on all legal matters related to the project we work on and the depth and breadth of her knowledge and implication is amazing. Siranus Hahamian and Alexandru Popescu are also very good.’

‘Their performance goes beyond expectations. It was essential for us to have lawyers able to advise, execute and deliver and this is exactly what they do every-time. They are also very meticulous and analyze all facets of the problem, always thinking ahead and never leave loose-ends, very approachable and always abreast with the most recent local and international developments.’

‘We have been working with Oana and her team for a very long time. Oana is truly a lawyer at the top of her game. She is an incredibly astute and learned lawyer with a great sense of business and incredible dedication to her clients. Especially her performance of last year was outstanding as she worked up to the very last day in her pregnancy to successfully close-out our deals and was back fresh and full with energy after a week. Her team looks-up to her very much as she acts as a mentor for young lawyers. Also, Ana Albu is truly bright and brings the best out of any situation we are facing.’

‘No team in Romania has this level of both hands on (in the regulatory, administrative, contractual) and high level (advocacy) experience particularly for offshore developments. Very results orientated and execution focused in addition to offering legal advice.’

‘Oana Ijdelea not only takes a leadership of her own firm’s team but also takes has been appointed a leadership and decision making position as an executive in our company. Unique for many lawyers Oana is part of the executive team involved in day to day and strategic decisions.’

‘In my opinion they are one of the few excellent energy lawyers in Romania. They know the industry like the back of their hand and when giving advice they are down to earth and always commercially sound. Also, the ability to put in simple words even the most complicated matters make them very pleasant to work with. The lawyers’ dynamics is excellent and they really act as a team. The firm is fully equipped to work in any circumstances at the same pace and the overall level of their services surpasses all expectations.’

Work highlights

  • Advised Black Sea Oil & Gas and its Co-Venture Partners on the regulatory process for commissioning and launching offshore gas production at the Midia Gas Development Project.
  • Advised the Romanian Energy Regulatory Authority (ANRE) on a study into  the ease with which consumers can change energy suppliers and the potential development, at a national level, of an online platform designed to expedite the switching of energy suppliers.
  • Advised Electrocentrale Borzesti in relation to the development of the CET Borzesti 420 MW CCGT Project.

Kinstellar

Kinstellar has a ‘technically impressive and highly commercial‘ energy and natural resources team with a strong grounding in power, oil and gas. The firm’s regional footprint makes it a popular choice for international companies seeking support on cross-border projects and transactions. The firm has been involved in several high-profile mandates, including major upstream acquisitions in the oil and gas sector, as well as nuclear and energy trading-related matters. Practice head Iustinian Captariu  has ‘great knowledge and experience of the Romanian energy market’ and ‘is extremely competent in both regulatory and contractual aspects’. Clients also rate the ‘hardworking and accommodating‘ managing associate Cătălin Graure.

Practice head(s):

Iustinian Captariu

Testimonials

‘The team works seamlessly. Allocation of work is excellent and the work product accurate, on time and on budget. Technically impressive and highly commercial.’

‘Iustinian Captariou: Responsive commercial, great to deal with and technically great. Catalin Graure: Hardworking and accommodating. Produces comprehensive, thorough and well though through legal advice. Catalin consistently meets deadlines and keeps to budget.

‘As a whole the team has been very responsive and has tackled complex issues effectively. This has required some research and exploring of potential approaches to the problems. This included tackling areas that they might not have been very familiar with. Also worth mentioning that they are very responsive and often worth evenings and weekends to deal with urgent matters.’

‘We have worked mainly with Iustinian Captariu on issues related to public procurement regulations and their interpretation as well as finding novel but sustainable approaches to resolve problems we have encountered with the procurement entity (client). Iustin has usually offered us credible solutions and is considered a reliable source of good ideas. We fly many issues by him even if not entirely legal matters.’

‘Iustin Captariu is regularly providing legal support to Engie Group in Romania. Working with Iustin and benefiting from his great knowledge and experience of the Romanian energy market is a chance as he is extremely competent in both regulatory and contractual aspects; not to mention that he is totally dedicated to his client and able to make himself available even on short notice. I would definitely recommend collaborating with Iustin and his team.’

‘The law firm is professionally experienced, provides correct services and meets deadlines.’

‘The law firm’s colleagues provide clear information on legal developments, draw attention to the legal consequences, and provide up-to-date information.’

‘The team is knowledgeable of local customs and practices. They are responsive and provide sound practical advice.’

‘Iustinian Captariu (partner) and Razvan Cretu (associate) are exceptional.’

 

Key clients

Ontario Power Generation

Canadian Nuclear Partners

Dacian Petroleum

MAVIR Zrt.

DXT Commodities S.A.

Ezpada AG

MET Group

Work highlights

  • Advising Ontario Power Generation on the €1.5 billion refurbishment of Reactor 1 operated by the state-owned nuclear energy producer, Nuclearelectrica.
  • Advised Dacian Petroleum on the upstream acquisition of 40 onshore oil fields from OMV Petrom.
  • Advising DXT Commodities on Romanian natural gas sector trading, legislation and various regulatory matters.

Musat & Asociatii

Musat & Asociatii has a ‘well-organized and client oriented‘ team with good experience across the full suite of energy-related matters. The firm was recently involved in several high profile transactions in the power and oil services sectors, representing a diverse range of clients including major domestic entities such as Hidroelectrica and foreign investors including Wellbore Integrity Solutions. Other areas of expertise include procurement, infrastructure, regulatory, litigation and infrastructure projects. Key partners include Iulian Popescu  and Razvan Stoicescu .

Practice head(s):

Iulian Popescu; Razvan Stoicescu

Testimonials

‘The team is well organized and client oriented. They deliver professional advice day and night.’

Key clients

S.P.E.E.H. HIDROELECTRICA

WELLBORE INTEGRITY SOLUTIONS

ENGIE ROMANIA

SUTECH

SOLAR TURBINES EUROPE

KAZ MUNAY GAS INTERNATIONAL ( KMGI)

RADET BUCUREȘTI

TRANSENERGO COM

Work highlights

  • Assisting S.P.E.E.H. Hidroelectrica on the acquisition of UCM Reșita, one of the largest industrial manufacturers in Romania.
  • Advising Wellbore Integrity Solutions, an affiliate of private equity firm Rhône Capital, in the acquisition of the drilling businesses and associated assets of Schlumberger.
  • Advising Solar Turbines Europe on contract negotiations linked to the Moldova Project, a natural gas pipeline between Romania and Moldova.

Popovici Nitu Stoica & Asociatii

Popovici Nitu Stoica & Asociatii represents a broad mix of investors, developers and suppliers, and has particularly good expertise in the power sector. The team’s range of experience covers M&A, projects, regulatory and competition matters. Recently the firm, which is noted for its market ‘knowledge and understanding‘, has been involved in several high-profile disputes with Romania’s energy regulator ANRE, some of which have gone to a European level. The practice also has strong credentials in renewable power projects and acquisitions, including solar and hydro. Versatile partners Florian Nițu  and Vlad Neacșu  jointly lead the team.

Practice head(s):

Florian Nitu; Vlad Neacşu

Other key lawyers:

Ciprian Dontu

Testimonials

‘The firm has helped us in our bidding process. They have the knowledge and understanding of the requirements and applicable laws. The response of the team was also timely.’

 

Key clients

Enel

Zhejiang New Energy Investment Co Ltd.

Hyundai Engineering & Construction

Hidroconstructia & Hidroelectrica

Electricite de France (EDF)

Schlumberger Logelco

Property Fund

Franklin Templeton Investment Management

BAUMIT

Ansaldo Nucleare

Kalpataru Power Transmission Limited

Work highlights

  • Represented Fondul Proprietatea in all litigation initiated against the Romanian State’s and ANRE’s decisions to re-establish the regulated market for the energy supplied to household consumers. This included assisting Fondul Proprietatea with its requests to the European Commission to intervene on this matter.
  • Advised Enel Group on contractual changes with EuropAssistance concerning the Enel Asistență product.
  • Advising Kalpataru Power Transmission Limited on Transelectrica’s €18 million tender for the upgrade of the 400 kV Isaccea substation – Stage II.

Suciu Popa

Suciu Popa has a strong specialization in the energy and natural resources sector. Stocked with ‘bright lawyers‘ the firm provides ‘excellent availability, a flexible approach to the fees structure, and a very practical approach towards the business needs of the client‘. The team’s capabilities extend across the traditional and renewables power sectors through to upstream and downstream oil and gas. Clients include major international investors and developers, as well as leading domestic companies such as Romgaz. Key contacts include managing partner Miruna Suciu  for corporate M&A and tenders, and Luminita Popa  for related infrastructure and dispute resolution matters. Cleopatra Leahu  is also highly experienced on the oil and gas side.

Practice head(s):

Miruna Suciu; Luminița Popa; Cleopatra Leahu

Testimonials

‘The team is very young and consists of bright lawyers, excellent availability, a flexible approach to the fees structure, and a very practical approach towards the business needs of the client- Miruna Suciu, Luminita Popa, Dan Ciobanu.’

 

Key clients

OX2

Domeniile Salameh (part of the Alexandrion group)

Iris Aly Explorer

Romgaz

KMG International

Hidroelectrica

Black Sea Oil & Gas (BSOG)

Eximprod Group

Rompetrol Rafinare SA

Enel SpA

Enel Green Power

E-Distributie Muntenia, E-Distributie Banat and E-Distributie Dobrogea

Oilfield Exploration Business Solutions SA

Hunt Oil Company of Romania

Mazarine Energy

Bulgargaz EAD

Engie

Monsson

Work highlights

  • Advising national company Romgaz, Romania’s largest natural gas producer and supplier, in relation to the acquisition of the entire stake held by Exxon Mobil in the Neptun Deep offshore project in the Black Sea.
  • Advising Hunt Oil Company on a major 3D seismic acquisition project.
  • Advising OX2, a European renewable projects developer, in connection with the acquisition, development and permitting of a 300 MW renewables energy project.

Volciuc-Ionescu

Volciuc-Ionescudelivers a very high quality product, in a fast and efficient manner‘ and is noted for its wide-ranging experience of the energy sector. Practice head Ramona Volciuc-Ionescu  has extensive knowledge of the whole energy sector, as well as contacts‘ and regularly leads on major investments and development projects in the power and oil and gas industries. Managing partner Sabin Volciuc-Ionescu, who also heads the projects practice, ‘stands out for projects and energy finance deals‘. Clients include major lenders such as Banca Comerciala Romana, energy traders, oil and gas companies, and renewables developers and suppliers.

Practice head(s):

Ramona Volciuc-Ionescu

Other key lawyers:

Sabin Volciuc-Ionescu

Testimonials

‘Volciuc-Ionescu’s energy team is by far one of the best in the market. The various team members have been advising players in the energy sector for 20 years and accumulated vast experience across all aspects of the industry. They truly have an excellent understanding of all issues the sector is facing and know how to help their clients, coming up with innovative solutions. The quality of their work is exceptional – we trust their advice and feel safe in their hands.’

‘Ramona Volciuc-Ionescu heads the team – she has outstanding technical expertise and is very commercial and client oriented. She focuses on finding solutions and getting the deals done, being very constructive in negotiations. Ana Sandu is very reliable, hard-working, pragmatic and very experienced. Sabin Volciuc-Ionescu also stands-out, in particular in the context of energy project finance, where he is truly an expert. Ada Butnaru is also a rising star in the team, with in-depth knowledge of the business, very committed and prompt.’

‘Ramona Volciuc Ionescu has a huge expertise on energy sector being updated all the time to the latest amendments to the legal matters regarding the energy sector. Beside this she is an extremely good lawyer on energy sector.’

‘We have primarily worked together on acquisitions in the oil & gas sector, and I rely on both their local market knowledge and experience, which is the primary reason I believe local counsel is engaged, apart from local law. But I know the firm does a lot of work in power generally as well. Some of the transactions were cross-border, but it is the firm’s ability and capability to deal with tight deadlines and tough assignments that keeps them at the front of my mind. For me, the firm is one of the best boutiques for energy work in the market, and certainly my “go-to” choice. The team delivers a very high quality product, in a fast and efficient manner. They are constructive and (critically) they are highly reliable, with a pragmatic approach to deals. Whilst the Anglo-Saxon influence has reached a greater number of local firms, I do believe that those trained and used to dealing with that mindset are able to deliver a better work product. And I just really enjoy working with Ramona in particular. I trust and respect her, which makes it so much easier when a client needs to dig deeper into an issue. At the end of the day, they are my first call and I only go elsewhere when they cannot deal with it, such as litigation, and then I go with their recommendation as I respect them that much.’

‘My first contact is always with Ramona, who leads the team, but when work is better delegated then she does so, but she is always very hands-on so I know she is never far away. She has extensive knowledge of the whole energy sector, as well as contacts (which is always key in my view) and handles both transactional and regulatory matters. However, the whole team does an excellent job, and, apart from Ramona, I was also impressed with the work of Ana Sandu and Sabin Volciuc. Sabin stands out for projects and energy finance deals and I have always enjoyed working with him.’

‘Very good boutique law firm with a very committed team.’

‘We have been advised in the past by Ramona Volciuc-Ionescu who is very experienced in the energy sector, understands our business’s needs, problems, etc. very well and quickly and is very efficient and reliable when providing legal advice.’

Key clients

Prospex Oil & Gas

Schmid Industrieholding

Banca Comerciala Romana

OMV Gas Marketing & Trading

Mercuria

Sinohydro Holding (Hong Kong)

Montana Energy

Develtor

EDPR

Electrica

Work highlights

  • Advised Electrica on the acquisition of Long Bridge Milenium, a company active in the renewable generation market.
  • Advising EDPR on various transactions in the renewable sector, as well as regulatory matters and day-to-day operations.
  • Advising Energia Gas and Power on drafting new standard documentation for its electricity and natural gas supply businesses, updating internal rules and procedures and other regulatory matters

Bohalteanu şi Asociaţii

Bohalteanu şi Asociaţii has solid credentials for advising Romanian and international energy companies. The firm’s lawyers represent oil and gas clients, and companies operating in the renewable and traditional power sectors. This includes advice on contract negotiations, corporate and asset acquisitions, development projects and regulatory matters. Clients appreciate the ‘very dedicated and involved‘ team’s ‘client focus and innovative solutions‘. Managing partner Ionut Bohalteanu and Cosmin Predoiu, a legal and corporate affairs director at Enel before joining the firm in 2021, are the two main contacts.

Practice head(s):

Ionut Bohâlțeanu; Cosmin Predoiu

Testimonials

‘Bohalteanu si Asociatii has been providing legal assistance to our company since 2020 on various energy and natural resources matters (including contracts specific to the field of activity and granting or transfer of relevant licenses/authorizations). Client focus and innovative solutions are all key factors. A very dedicated and involved team, competitive and even surpassing other larger firms we collaborated with.’

‘Partner Ionut Bohalteanu has assisted us regarding sensitive energy law issues and provided us reliable advice and input, in a highly professional and dedicated manner.’

‘Excellent communication and negotiation skills compared with other firms, BOHALTEANU SI ASOCIATII are always committed to mastery.’

‘Individuals from BOHALTEANU SI ASOCIATII are detail-oriented and able to multitask no matter the pressure of the working environment. What I like the most is their perfect understanding of the industry.’

 

Key clients

Premier Energy SRL

BERG Sistem Gaz SA

Work highlights

  • Advised Premier Energy in connection with the attempted acquisition of a Romanian energy and heat supplier.
  • Advised BERG Sistem Gaz SA on a wide range of matters including corporate governance and the potential acquisition of a client portfolio from another gas distributor.

Buzescu Ca

Buzescu Ca has a good reputation for advising foreign and domestic energy clients across a range of issues. The team is especially experienced advising on the regulatory framework for energy trading, as well as the necessary authorisation and licenses required for business launches within Romania. Other core areas of focus include wind power projects, corporate acquisitions and operations in the mining and natural resources sector. Managing partner Peter Buzescu and Adrian Tomescu are both active in this area. Associate Corina Papuzu is experienced on the energy trading side.

Practice head(s):

Peter Buzescu

Other key lawyers:

Adrian Tomescu; Corina Papuzu

Testimonials

‘This legal firm has a high level of professional behavior. They explain any legal issue in our collaboration in a way that is very easy to understand.’

‘They answer you very quickly and not with delay.’

 

Key clients

EDF Trading

Gazprom Marketing & Trading

Viking Oilfield Services

Dalea Investment Group

Central European Drilling

Petrol Ljubljana

Work highlights

  • Advised EDF Trading on reporting requirements to ANRE regarding its electricity trading activities in Romania.
  • Assisted Dalea Investment Group with regard to the registration of its local subsidiary, as well as various corporate and compliance matters.
  • Advised Central European Drilling on immigration and employment issues for key personnel in its drilling operations, as well as corporate governance.

D&B David si Baias SCA

D&B David si Baias SCA has made strong inroads into the energy market in recent years. Key team members such as partner Laurentiu Pachiu  and of counsel Delia Pachiu (‘a highly professional and experienced practitioner in energy law‘) have impressive credentials for advising oil and gas clients on regulatory, transactional and licensing matters. Clients seeking regulatory support, such as Hidroelectrica, receive an extra boost from the firm’s market-leading EU and competition team, where partners such as Sorin David  come highly recommended. The team, including partner Anda Rojanschi , is also experienced on the transactional front.

Practice head(s):

Laurentiu Pachiu; Delia Pachiu; Anda Rojanschi; Sorin David

Testimonials

‘The team at D&B David si Baias advising on energy matters, led by Delia Pachiu, is unique in their expertise in the energy sector. They are very knowledgeable about the laws and regulations applicable in this industry and the energy market, while their services are covering the entire spectrum required for a successful development and transactions in this sector. The team is very dedicated and knowledgeable about all details of the project and are actively involved in negotiations, being able to cut through complex situations and identify legal and commercial solutions to complex matters. We have an excellent collaboration and the team is outstanding by offering innovative solutions.’

‘Delia Pachiu is a highly professional and experienced practitioner in energy law. She is very easy to communicate with and very open to understand every aspect of our business and of our projects’ strategy, providing solutions and highly valuable input on legal, commercial, contractual and regulatory aspects, having at the same time a very good understanding of the energy market. We have also a great collaboration with Marius Nita and Raluca Mustaciosu, both being highly appreciated attorneys by our team and with an outstanding reputation. They come up with clever solutions in sensitive real estate and corporate/commercial matters, both being able to understand the deal dynamic, not only to provide theoretical solutions.’

‘They are very responsive and provide extensive information on the requested matter. You do not have to ask for answering any outstanding questions as questions are answered exhaustively.’

‘They are very quick and accurate in answering our requests. Their statements, documents and opinions are always on a high standard. They assist us in any other issues in connection with the main subject matter.’

‘Our collaboration with D&B was so far limited to the renewables areas. I was extremely pleased with the collaboration with Delia Pachi, Raluca Mustaciosu and Marius Nita. They provided the necessary inputs we required while backing up their statements with solid legal arguments. They always adapted to changing time frames and provided the deliverables on time.’

 

Key clients

OMV Petrom

Prowind

MOL Romania/ Panfora Oil & Gas

Westwind Energy

Hidroelectrica

HeidelbergCement Romania

KMG Rompetrol

Work highlights

  • Ongoing advice to OMV Petrom on regulatory and procurement matters, including the development of its Black Sea offshore natural gas reserves.
  • Advising Hidroelectrica in an investigation conducted by the Competition Council concerning its alleged dominant position in the Romanian market for energy production and trading.
  • Advising MOL Romania and Panfora Oil & Gas on governmental affairs, regulatory and licensing matters and issues related to exploration and production licenses.

Leroy si Asociatii

Leroy si Asociatii has ‘an excellent understanding of this regulated sector‘ and has developed strong credentials for civil and administrative disputes. The firm is particularly active in the oil and gas sector where it assists clients on a wide range of upstream and downstream issues, including exploration concession agreements and energy pricing regulations. The team also regularly represents project developers and lenders in the renewables space. Andreea Toma  , who has 20 years’ experience in the market, leads the team which also includes founding partner Bruno Leroy .

Practice head(s):

Bruno Leroy; Andreea Toma

Testimonials

‘Good collaboration with the team, which has an excellent understanding of this regulated sector. Leroy si Asociatii Law Firm is also excellent at understanding fields connected to the main domain specific to our core business, whether it is financing, corporate or labor law – Andreea Toma, Andreea Cojocaru.’

 

Key clients

Expert Petroleum

Suez International

Airbus Helicopters Romania

Engie Romania

Work highlights

  • Represented ENGIE Romania SA in a claim against the Romanian Energy Regulatory Authority concerning natural gas tariffs.
  • Representing Expert Petroleum in a dispute concerning a request to declassify the contents of the petroleum agreement, which the client was awarded, for the Curtici Exploration Block.
  • Advising Expert Petroleum on day-to-day matters linked to its upstream oil and gas operations including ongoing petroleum concessions.

Wolf Theiss

Wolf Theiss has good experience of complex energy-related cross-border investments and development projects. The lawyers cover a wide range of matters including major project financings, business acquisitions, public procurement exercises and regulatory matters. The firm has also acted on several significant international disputes involving clients in the renewables sector.  Clients include major investors, multilateral banks, energy traders and developers. Bryan Jardine  leads the well regarded team of ‘highly skilled professionals, dedicated to their work and client‘. Senior associate Adina Aurel  is considered ‘a very good professional, with extensive knowledge of the energy sector‘. Counsel Flaviu Nanu  is also highly experienced.

Practice head(s):

Bryan Jardine

Other key lawyers:

Flaviu Nanu, Adina Aurel

Testimonials

‘They are good as a corporate and defense firm.’

‘Knowledge of the energy sector tailored on the business requirements.’

‘Adina Aurel is a very good professional, with extensive knowledge of the energy sector. She is client orientated and extremely aware of the challenges of the current energy sector in Romania as well as of the means to mitigate the respective challenges.’

‘It’s a team of highly skilled professionals, dedicated to their work and clients.’

‘Bryan Jardine and Adina Aurel both of them provided in depth knowledge of the market, and they answered very professionally to questions when I needed help.’

‘Top-tier attitude, meaning in our view 100% availability, flexible approach and full-service offer. During the past 12 months we have worked alongside Wolf Theiss Projects & Energy department in the context of major international restructuring transactions, involving both litigation matters as well as corporate finance profiles. In particular, Wolf Theiss provided a full-service assistance for the management of investments in Romania. Of course administrative law related profiles were of essence throughout the entire process. As you may appreciate, the relevant projects have several cross-border/international elements and were pretty complex due to the innovative structures implemented for the relevant transactions.’

‘Ileana Glodeanu is an outstanding M&A lawyer who finds tailor-made solutions notwithstanding the complexity of the client’s needs. Ligia Popescu and Andreea Zvac have great experience in the context of major disputes resolutions in the energy sector and are great negotiators too. Cornelia Postelnicu is definitively a rising star in the M&A market and is great at dealing with international clients in the context of complex transactions, even departing from market standard solutions.’

Key clients

IKEA group (Ingka Investments)

European Investment Bank

Vestas Group

EFET (European Federation of Energy Traders)

Work highlights

  • Assisted Ingka Investments (a member of Ikea group) on the 100% acquisition of shares in seven portfolio companies in Romania, holding 171MW in nine wind farms, and with a total enterprise value of €171 million.
  • Advised EIB on a proposed €100 million unsecured loan facility for  the Romanian section of the BRUA gas transmission corridor.
  • Advising Energreen Investment Europe, and its Romanian subsidiaries operating two solar parks in Brasov, on enforcement proceedings arising from a €32 million claim against the clients.