The structure and operation method of the Romanian energy market has constantly undergone significant changes, due to the implementation of some innovative policies inspired by the European Union directives, application of the international industry practices and commercial drivers.
Since multinationals acting in Romania often face the challanges of adapting internal rules and procedures to the local business and legal framework, we aim to step in as on the ground advisors.We not only come to provide solutions, but act as a problem solver, when necessary.
We help our clients understand the business impact of changing regulations, we advise on legal and regulatory matters, we assist in drafting documents, contracts, commercial offers and we provide advocacy and representation in front of Governmental authorities.
Regulatory framework is perpetualy changing according to the market demands and to latest international standards, therefore we aim to help our clients towards a fast and clear journey through the set up and development stages, providing dedicated counsel, documentation and assistance for incorporating subsidiaries or new ventures in Romania, obtaining the required authorizations and licenses to produce, operate, supply oil, gas, energy, minerals on the Romanian market. We consult in compliance issues in response to the evolving energy environmental, fiscal and technical regulations.
We have undertaken a wide variety of transactions and projects in the energy sector, succesfully representing companies in four public bidding rounds, privatisations and post-privatisation stages, turnkey projects for energy production facilities for both conventional and renewable energy.
Our core expertise consists in:
- Legal and regulatory advice on setting up different forms of legal entities; expert advice on all Romanian and EU regulations pertaining to energy industry;
- Legal assistance for obtaining all necessary licenses and authorizations to produce, operate, supply of hydrocarbons;
- Review and prepare confidentiality agreements & non-disclosure agreements, draft and review areas of mutual interest agreements, farm-in agreements/transfer of ownership and joint operating agreements, sale and purchase agreements, draft and review service contracts related to exploration as well as negotiating and concluding contracts for the disposal of hydrocarbons, drilling and surface facility services;
- Exploration and Development-Exploitation Concessions agreements
- Commercial advice on the market status, prices, profitability, potential suppliers;
- Assistance in meetings and correspondence with the relevant authorities during purchase of land, leases, construction permits;
- Commercial interests representation in front of regulatory bodies;
- Customs enforcement matters;
- Insurance contracts; Competition law matters;
- National and International Joint Ventures;
- Special purpose vehicle structure and set up;
- Legal updates on energy market; media monitoring; market intelligence;
- Drafting and negotiating commercial contracts, bidding documents, private and public acquisitions.