Dentons has advised Sousol Holdings Ltd. on the sale of a 54 MW ready-to-build wind project in Romania to Engie Romania S.A. The project, located in Constanta County, was sold at a ready-to-build stage, with all necessary building permits obtained to commence the works.

In response to market concerns about specific grid connection principles outlined in current legislation or inconsistent interpretation thereof, ANRE has initiated a public consultation on a draft order designed to positively address these issues (ANRE Draft). 

Țuca Zbârcea & Asociații has obtained a ruling from the Court of Justice of the European Union (CJEU), confirming that national legislation excluding non-EU economic operators from public procurement procedures has no legal effect.

In a significant ruling, the High Court of Cassation and Justice has delivered a landmark decision regarding the illegal revocation of state aid granted to an economic operator by the Ministry of Public Finance. The case, successfully handled by Mușat & Asociații, involved a multinational company specializing in automotive industry technologies, which had been awarded state aid for its investment in a production facility in Romania.  The dispute arose following the Ministry’s decision to revoke the aid, a move that the ICCJ ultimately found to be unlawful.

Țuca Zbârcea & Asociații’s lawyers have obtained a landmark decision from the Alba Iulia Court of Appeal on electricity and gas price capping. The court ruled that legal provisions must be interpreted in favour of consumers, not against them.

Clifford Chance Badea advised Alpha Bank S.A. and Alpha International Holdings S.MS.A. in connection with the 100% sale of Alpha Leasing Romania IFN and Alpha Insurance Brokers to Vista Bank Romania, marking a new landmark transaction on the local financial services market.

Corruption is a global phenomenon with multiple socioeconomic effects, which contributes to perpetuating social inequality, as well as development gaps between regions and poverty. Transparency International’s Corruption Perception Index (CPI) results show that the global picture has rather deteriorated over the last 12 years, with fewer countries having managed to improve their indicators than those in which, on the contrary, the situation has regressed.

Băncilă, Diaconu și Asociații, together with EY Romania, have secured a mandatory VAT reimbursement of 12 million euros from the National Agency for Fiscal Administration to Roche Romania, representing VAT related to the clawback tax. This final ruling is the first of its kind in Romania and will have implications for the entire pharmaceutical industry.