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Energy

Romania

A key driver of the global economy, the energy sector is affected by geopolitical, economic and regulatory pressures. You require advisors who understand your industry and work with leaders of energy companies, regulators, governments, industry bodies and investors on the cutting edge of commercial, regulatory and risk issues in the sector. Based across 15 jurisdictions in Central and Eastern Europe, we have been active in CEE since the beginning of the privatisation and liberalisation of the energy sector across the region.

We have helped to shape the sector by advising on the most high-profile and ground-breaking projects and transactions over many years. In Romania, CMS most recently helped re-shape the oil & gas specific tax law, successfully advocating for a reform in the way the oil & gas industry is recognised for tax purposes in Romania.

Our dedicated energy lawyers in Romania work in every part of the sector, covering the whole chain of the energy cycle, including upstream, midstream and downstream regulatory matters in the oil&gas sector and from greenfield projects to distribution, trading and supply in the electricity sector, as well as nuclear and renewables. Whether you are a NOC, IOC, independent, electricity company, investor, government or financial institution, we have the energy specialists to meet all your strategic challenges globally.

Our multi-disciplinary teams were among the first to advise on ground-breaking global oil & gas M&A and on power projects in Europe, to establish a single electricity market in Northern Ireland and the Republic of Ireland, lead historic electricity industry reform in Mexico, and work on renewable energy projects globally. We cover the full range of practice areas that you may require as an energy businesses - from regulatory and transactional support, to procurement, tax, environmental, disputes, employment, technology and competition assistant.

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25/07/2019
Ro­mani­an oil and gas - new li­cens­ing round for up­stream on­shore and...
After a lapse of al­most ten years, the Ro­mani­an gov­ern­ment just launched a  pub­lic tender for the ex­plor­a­tion, de­vel­op­ment and pro­duc­tion op­er­a­tions of 22 on­shore and six off­shore blocks with­in Ro­mani­a's ter­rit­ori­al wa­ters of the Black Sea.
19/07/2019
Po­s­eidon Prin­ciples and re­spons­ible ship fin­an­cing
On 18th June 2019, 11 banks with col­lect­ively over $100bn in as­sets and rep­res­ent­ing nearly 20% of the glob­al ship fin­ance signed a glob­al frame­work agree­ment, called the Po­s­eidon Prin­ciples. These are dir­ec­ted to­wards meet­ing the Par­is Agree­ment’s tar­get of.
29/05/2019
Ro­mania - Power mar­ket - New solu­tion for cross bor­der trad­ing for...
Ro­mani­an Gas and Elec­tri­city Mar­ket Op­er­at­or “OP­COM” SA an­nounced on 15 May 2019, that a new loc­al trad­ing solu­tion to ac­cess the Single In­tra­day Coup­ling, will be made avail­able to the Ro­mani­an In­tra­day Mar­ket Par­ti­cipants.
18/04/2019
BARE­CON - The Im­port­ance of Class
In the re­cent case of Sil­ver­burn Ship­ping (IoM) Ltd -v- Ark Ship­ping Com­pany LLC [2019] EWHC 376 (Comm), the High Court ruled that an ob­lig­a­tion in a charter­party to keep a ves­sel in class is both an ab­so­lute ob­lig­a­tion and a con­di­tion.
16/04/2019
The new EU frame­work for screen­ing for­eign in­vest­ment is now in force
On 10 April 2019, the EU frame­work for screen­ing for­eign dir­ect in­vest­ment (FDI) came in­to force, al­low­ing the European Com­mis­sion and Mem­ber States un­til 11 Oc­to­ber 2020 to put in place mech­an­isms and re­sources to com­ply.
04/04/2019
Up­dates in the Ro­mani­an Oil & Gas and Power Sec­tors
Fol­low­ing the con­tro­ver­sial meas­ures in the en­ergy sec­tor in the wake of Gov­ern­ment Emer­gency Or­din­ance 114/2018 (“GEO 114”), the Gov­ern­ment has re­cently de­cided to fur­ther re­form the sec­tor with the aim of strengthen the se­cur­ity of sup­ply for the house­hold.
19/03/2019
Fur­ther changes in the Ro­mani­an en­ergy sec­tor
The Ro­mani­an en­ergy sec­tor con­tin­ues to search for sta­bil­ity and pre­dict­ab­il­ity due to the passing of Gov­ern­ment Emer­gency Or­din­ance 114/2018 (“GEO 114”), which in­tro­duces sev­er­al tax and reg­u­lat­ory meas­ures for vari­ous ma­jor in­dus­tries – in­clud­ing the en­ergy.
15/03/2019
Law sides with cli­mate change against coal
Min­ing com­pany, Gloucester Re­sources Lim­ited (GRL), ap­pealed to the Land and En­vir­on­ment Court of New South Wales, Aus­tralia, against a min­is­teri­al de­cision to re­ject its ap­plic­a­tion to de­vel­op and op­er­ate an open cut coal mine, Rocky Hill, near Gloucester,.
14/03/2019
Ship­ping and car­bon: EU and IMO sys­tems to align
On 4 Feb­ru­ary 2019 the European Com­mis­sion (EC) tabled a pro­pos­al con­cern­ing the amend­ment of Reg­u­la­tion (EU) 2015/757 on the mon­it­or­ing, re­port­ing and veri­fic­a­tion of car­bon di­ox­ide emis­sions from mari­time trans­port (the “EU MRV Reg­u­la­tion”).
13/03/2019
Con­nec­ted Fu­ture - En­ergy Stor­age
It is re­cog­nised that flex­ib­il­ity in the elec­tri­city sys­tem will be­come in­creas­ingly valu­able in the com­ing years as the wider en­ergy trans­ition, in­clud­ing the great­er pen­et­ra­tion of in­ter­mit­tent, dis­trib­uted gen­er­a­tion and more pro­act­ive con­sumers, across.
12/03/2019
Bel­gi­um braces for Hard Brexit with draft law
On Feb­ru­ary 19, Bel­gi­um passed a draft law pre­par­ing it­self for a Hard Brexit should the UK leave the European Uni­on (EU) on the dead­line of 29 March 2019 without a with­draw­al agree­ment in place to reg­u­late UK's de­par­ture and define its fu­ture re­la­tion­ship.
27/02/2019
Elec­tric Vehicles: in­fra­struc­ture for our con­nec­ted fu­ture
The up­take of elec­tric vehicles (EVs) has soared in re­cent years (al­beit from a very low base), with jur­is­dic­tions such as Nor­way and The Neth­er­lands cur­rently lead­ing the pack. However, in or­der for a coun­try to be­come a glob­al EV lead­er, it is vi­tal to con­sider.