Debate is raging about the Romanian "offshore" law setting out the legal framework for oil & gas exploration and production in the Black Sea offshore perimeters, fuelling political turmoil and deterring investment.

Over the past years, banks operating in the Romanian market have been approached with an increasing number of financing projects that aim to benefit from financial support from either state aid schemes or EU financing programmes.

The Romanian mergers & acquisitions market has been targeted more and more lately by leveraged buy-outs, a type of business better known in the western jurisdictions.

The Romanian Civil Code regulates the legal mortgage in favour of contractors, sometimes unjustly extended also to the benefit of subcontractors.

Aseries of amendments and additions to the Romanian Fiscal Code were made by way of GO no. 16/2022 in Romania impacting a wide range of entities.

The Romanian State scored a major arbitration victory before the International Center for Settlement of Investment Disputes (ICSID) within the World Bank in Washington. Noble Ventures, Inc. submitted its claim under the bilateral investment treaty between the United States and Romania to arbitration under the ICSID Convention in August 2001. Noble Ventures` claimed as much as USD 353 million in damages from Romania, challenging Romania’s treatment of Noble Ventures and its investment in Combin

While following the adoption of the Temporary Framework various EU countries have rather quickly implemented state support schemes that also cover large corporations

Starting with 2014, after the entry into force of new prudential rules imposed by the Basel III international standards, as well as by Directive 2013/36/EU and Regulation no. 575/2013, ...

Whistleblowing is the disclosure of information about a perceived wrongdoing in an organization to individuals or entities believed to be able to effect action.

In January 2017, the NBR issued a press release offering its interpretation in relation to this legislative amendment.

November 2018 – Following the adoption of EU Directive (EU) 2015/2366 of the European Parliament and Council of 25 November 2015 on payment services in the internal market ("PSD2"),

If timely assimilated by the business community and followed by detailed provisions, in particular on its fiscal and insolvency treatment, the newly regulated fiducia creates an opportunity of new business for certain actors and may lead to a more flexible structuring of secured finance-banking transactions.

In follow-up to our summary regarding the preliminary evaluation for the banks' authorisation, as detailed in Regulation no. 12/2020 on the authorization of credit institutions and amendments...