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Portrait of Varinia Radu

Varinia Radu

Partner
Head of Oil & Gas, CEE and Deputy Head of EPC, CEE

CMS Cameron McKenna Nabarro Olswang LLP S.C.P.
S-Park
11-15, Tipografilor Street
B3-B4, 4th Floor
District 1
013714 Bucharest
Romania
Languages Romanian, English, French, Spanish

Varinia Radu is Head of Oil & Gas in Central Eastern Europe, and Deputy Head of the CEE Energy Projects and Construction Practice Group. 

Based in Bucharest, Varinia has over fifteen years’ international experience and her practice focuses on the oil & gas, electricity and mineral resources sectors. 

She has advised on some of the largest and most innovative oil & gas deals in Romania in recent years, and was involved in the drafting of a number of important legislative initiatives in the energy and climate change sector. Varinia also contributed to the set up and development of key industry associations such as the Romanian Petroleum Exploration and Production Companies Association, where she serves as a Board Member. 

Varinia has been active in the Romanian energy and climate change market through the beginning of market liberalisation and the establishing of a new regulatory framework in preparation for Romania joining the EU (early 2000s). During her career to date, She has assisted clients in successful applications in public bids for over 20 O&G concessions in Romania and has advised more than half of the active license holders on the market, as well as successfully advising the largest onshore M&A deals in the market.

Varinia advises an impressive roster of clients from small independents to multinationals (service and equipment providers, engineering, project management and construction companies working in the sector) on a wide range of issues relating to the energy and climate change sector, including licensing, trading, privatisations, public acquisitions, turnkey projects for energy production facilities for conventional and renewable energy, joint-ventures, petroleum and mining concessions, development of mature oil and gas assets in Romania, farm-out agreements, M&A financing transactions, tax, procurement, environment, disputes and competition related to the oil and gas business. 

Prior to joining CMS, Varinia was Managing Partner of RVR Energy, a boutique energy law firm in Romania, which she founded in 2004.   

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Varinia is recognised as a leading lawyer in Romania for her work in the energy sector by directories such as Legal 500 and IFLR1000.

Varinia Radu ‘goes above and beyond for clients’

Legal 500 EMEA, 2015

Memberships & Roles

  • Member of the Board, Romanian Petroleum Exploration and Production Companies Association
  • Member, Association of International Petroleum Negotiators
  • Member, Balkan and Black Sea Petroleum Association
  • Member, SIPG (Oil & Gas Engineers Society)
  • Member Romanian Committee, World Energy Council
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Publications

  • The International Comparative Legal Guide to Oil & Gas Regulation 2016  - CEE Overview chapter (2016
  • Shale Gas in Romania Study, World Energy Council – Romania Committee, chapter on legal framework (2013)
  • Energynomics.ro (quarterly) analysis of the Romanian and CEE energy market 
  • Energynomics, Energy World,  Oil and Gas Monitor magazines -  regular opinions and articles on energy related matters such as legislation, strategy, trends and opportunities
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Education

  • 2010 –  Executive Course: ‘Leading and Negotiating’, Harvard Kennedy School, Harvard University, Cambridge, USA
  • 2010 – MBA, University of Chicago (Booth School of Business), Chicago, USA
  • 2005 – MA in Petroleum Management, Ploiesti University of Oil and Gas, Romania
  • 2003 – MA in International Relations, National School of Political and Administrative Studies (SNSPA), Romania
  • 2001 – Law degree, Babes-Bolyai University, Cluj-Napoca, Romania
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19 January 2021
Ad­vising the Board on En­vir­on­ment­al Law Risk in CEE
Dir­ect­ors’ risk re­port En­vir­on­ment­al law is firmly and un­doubtedly a board-level is­sue and all busi­nesses need to fo­cus on how it im­pacts their activ­it­ies. En­vir­on­ment­al au­thor­it­ies ex­pect dir­ect­ors...
03 February 2021
CMS Re­new­ables Guide Launch Event
As part of the launch of our latest glob­al Ex­pert Guide on Re­new­able En­ergy we in­vite you to join our on­line event fea­tur­ing CMS en­ergy ex­perts as they present on the latest de­vel­op­ments, key...
29 December 2020
Ro­mania in­tro­duces new bal­an­cing rules for the elec­tri­city mar­ket
On 1 Septem­ber 2020, Ro­mania en­acted ANRE Or­der 61/2020 (Or­der 61), which ap­proves three reg­u­la­tions – the Reg­u­la­tion on the schedul­ing of dis­patch­able pro­duc­tion units, dis­patch­able con­sumers and dis­patch­able...
18 December 2020
Re­new­able en­ergy law and reg­u­la­tion in Ro­mania
1. Brief over­view of the re­new­ables sec­tor in the coun­try  Ob­tain­ing en­ergy from re­new­able sources has be­come a real­ity in Ro­mania over the last ten years, start­ing from the need to gradu­ally re­place...
02 October 2020
Ro­mania to en­act first off­shore wind law
In June 2020, the Ro­mani­an Sen­ate pro­posed for de­bat­ing a draft law re­gard­ing the ne­ces­sary meas­ures for per­form­ing op­er­a­tions for off­shore wind ex­ploit­a­tion. For the mo­ment, this draft law is still in...
08 September 2020
Hy­dro­gen law and reg­u­la­tion in Ro­mania
1. CUR­RENT STATE OF HY­DRO­GEN PRO­JECTS IN RO­MANIA In 2018 Ro­mania signed the Hy­dro­gen Ini­ti­at­ive. By sign­ing this pro­pos­al, Ro­mania com­mit­ted to con­tinu­ing re­search and in­nov­a­tion in­to how it will use...
28 August 2020
Ro­mania in­tro­duces re­stric­tions on sale and pur­chase of ag­ri­cul­tur­al land
On 14 Au­gust, Ro­mani­an law­makers passed an amend­ment to Law 17/2014 on the sale and pur­chase of ag­ri­cul­tur­al land, im­pos­ing sig­ni­fic­ant re­stric­tions on the sale and pur­chase of ex­tra mur­os ag­ri­cul­tur­al...
05 August 2020
En­ergy & Cli­mate Change prac­tice
The biggest me­di­um and long-term is­sue of our time is how to meet our en­ergy needs in a way that sus­tains the fu­ture of the plan­et, while also sus­tain­ing the sec­tor which is so es­sen­tial to so­ci­ety. Our...
09 July 2020
Ro­mania re­vises En­ergy and Nat­ur­al Gas Law
On 30 June 2020, the Depu­ties Cham­ber ap­proved a draft law amend­ing the Elec­tri­city and Nat­ur­al Gas Law 123/2012 and amend­ing oth­er laws that ad­dress activ­it­ies in the elec­tri­city and gas sec­tors, such...
06 July 2020
Ro­mania amends elec­tri­city-gas law
The Ro­mani­an gov­ern­ment has amended Elec­tri­city and Gas Law 123/2012 through an emer­gency or­din­ance pub­lished in the Ro­mani­an Of­fi­cial Gaz­ette on 1 Ju­ly 2020. As a res­ult of the or­din­ance, the main changes...
29 May 2020
Ro­mania up­dates price for­mula un­der the gas re­lease pro­gramme
Fol­low­ing the Ro­mani­an En­ergy Au­thor­ity's (ANRE) ap­prov­al of the gas re­lease pro­gramme (see here for more in­form­a­tion), ANRE has is­sued amend­ments on the gas price cal­cu­la­tion for­mula. Ac­cord­ing to this...
27 May 2020
Law and reg­u­la­tion of con­sequen­tial dam­ages clauses in the en­ergy sec­tor...
1. Do the words “con­sequen­tial loss” have a giv­en mean­ing in law? There is no ref­er­ence to, or defin­i­tion of, the term “con­sequen­tial loss” in the Ro­mani­an Civil Code (the “RCC”).1Codul...