In 1998, in the aftermath of the most famous class action in history, Philip Morris and three other tobacco companies had to pay a $ 206,000,000,000 settlement covering medical costs for smoking-related illnesses.

On 1 February 2024, the National Energy Regulatory Authority (ANRE) in Romania published for consultation an order aimed at approving new rules in the power grid connection sector.

Dentons, Binder Groesswang, and Djingov Gouginski Kyutchukov & Velichkov have advised UniCredit Bulbank and the EBRD on the financing for Enery Development's construction and operation of a large-scale solar plant in north-eastern Bulgaria set to add 112.5 megawatts of solar power generation to the country's electricity system. Schoenherr reportedly advised Enery Development.

As background, in December 2022, the EU Council adopted the policy programme ‘Path to the Digital Decade’, aiming to facilitate a seamless transition to digital transformation by 2030, aligning with EU values. This program sets specific digital targets for EU countries to achieve by 2030, including the development of national trajectories and strategic roadmaps to enhance digital infrastructure's security, accessibility, and sustainability. Notably, a key focus area of the EU digital strategy is digital services.

Bulboaca & Asociatii has recently announced the promotion of Partner Catalin Petrea to the position of Deputy Managing Partner, a first in the firm's history.

Did you know that, according to the Activity Rankings function of the CEELMDirect website, a total of twenty law firms and seventeen individual lawyers worked on five or more reported Romanian client matters in 2023? 

Ijdelea & Associates has advised United Petfood on the regulatory and permitting procedures for the construction of a new production and storage facility in Romania.

Looking back at 2023, we witnessed important developments in the legal framework for environmental protection (in the broad sense).

Exciting developments are on the horizon for the Romanian banking community, as efforts are underway to streamline the framework regulating outsourcing arrangements.

Radu Taracila Padurari Retevoescu has advised the Morphosis Capital private equity fund and a group of co-investors from Belgium on the acquisition of a majority stake in the Mark Twain International School. Popovici Nitu Stoica & Asociatii advised the Mark Twain International School.

Musat & Asociatii has advised Tecadra Hotels on its partnership with the Accor Group for the complete transformation and expansion of the Tecadra Hotel in Bucharest.

Former Marieta Avram Law Office Partners Mugurel Tataru and Elena Adina Tataru have joined the Serban & Asociatii law firm in Bucharest as a Partner and Of Counsel, respectively.

PeliPartners has advised Mirova on its EUR 140 million investment into Hyperion Energy Investments SGPS.

Radu Taracila Padurari Retevoescu has advised Engie Romania on its acquisition of an 80-megawatt operational wind farm majority owned by the EnerCap Group, in Chirnogeni, Romania.

Berechet Rusu Hirit has successfully represented photovoltaic project developer and operator NextE in overturning a 2022 document issued jointly by Romania's notary public union and national cadaster agency that limited the development of renewable energy projects on collectively held land in rural areas.

CMS has advised UniCredit Bank on its EUR 39.3 million financing for Enery group subsidiary Comcris Energy for the construction of a 51.4-megawatt solar ground-mounted photovoltaic project located in Sarmasag, Romania. Clifford Chance Badea reportedly advised the borrower.

Former Senior Associate Roxana Mandrutiu has been appointed a Partner with Revnic Cristian & Associates in Cluj-Napoca.

Poland's Weronika Kapica and Daria Rutecka, Romania's Adina Damaschin and Mara Moga-Paler, Serbia's Zoran Soljaga, Slovakia's Michal Lucivjansky, and Slovenia's Peter Gorse have all been appointed to Partner positions with Schoenherr.