CMS has advised Nala Renewables (Nala), a global power and renewable energy investment platform and independent power producer, on the acquisition of a 99.2 MW onshore wind project from OX2, one of Europe’s leading developers of renewable energy sources. The… Read moreCMS advises Nala Renewables on the acquisition of a 99.2 MW wind power portfolio in Romania
International law firm CMS has advised INVL Renewable Energy Fund I, a fund investing in renewable energy projects, on securing a EUR 24.4 million financing package from the European Bank for Reconstruction and Development (EBRD) and Eiffel Investment Group through… Read moreCMS advises on EBRD and Eiffel’s EUR 24m funding to INVL for solar power plant construction in Romania
The Romanian National Office for Gambling (NOG) recently published a draft legislative initiative or Draft Order, which establishes requirements that must be implemented by ancillary service providers in the gambling industry as part of an effort to keep unlicensed operators… Read moreRomanian gambling regulator strengthens rules to prevent access to illegal gambling
On 2 August 2024, Romania’s National Energy Regulatory Authority (ANRE) published an order stating that access to Romania’s power grid will change to an auction-based mechanism in 2026. The order replaces the current mechanism for allocating grid capacity based on… Read moreRomania shifts towards auction-based mechanism for grid access
International law firm CMS has advised OTP Group on the completion of the sale of OTP Bank Romania, OTP Leasing Romania, and other subsidiaries, to Banca Transilvania (“BT”). The transaction has recently received the approval of both the Romanian Competition… Read moreCMS advises OTP Group on completion of OTP Bank Romania sale to Banca Transilvania
On 22 July 2024, Romania enacted Law 232/2024, amending Advertising Law 148/2000 and Audiovisual Law 504/2002, which adds to the existing prohibition on advertising tobacco products by including the following: electronic cigarettes (including vape cigarettes), products for smokeless inhalation of… Read moreRomania enacts law restricting ads for electronic cigarettes and heated tobacco products
International law firm CMS is pleased to announce the promotion of Andrei Cristescu (Dispute Resolution) to Counsel as of 1 July 2024. Based in the firm’s Bucharest office, Andrei joined CMS as an intern in 2006 and has become a… Read moreCMS announces the promotion of Andrei Cristescu to Counsel in its Romania Office
On 8 July 2024, Romania published and adopted Law no. 214/2024 on electronic signature and trust. The Law, which will enter into force on 8 October 2024, aims to create a clear and predictable legal framework for the use and… Read moreRomania passes law expanding use of electronic signatures
International law firm CMS has won an important victory for electricity and gas producers in a landmark case concerning an access road built without the affected landowner’s consent. The ruling states that electricity and gas producing companies are not obliged… Read moreCMS secures landmark ruling for electricity and gas producers in Romania
International law firm CMS has advised Entek Elektrik Üretim A.Ş. (Entek), a Koç group company engaged in the energy sector, on the acquisition of two Romanian companies owning the rights, some of which are in the application process, to a… Read moreCMS advises Entek Elektrik Üretim on the acquisition of a 214.26 MWdc solar power project under development in Romania
