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8 - 10 Nicolae Iorga
010434 Bucharest
Romania

+40 21 307 1500

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Bucharest | Romania

Expected new round of auctions in Romania for 28 petroleum exploitation areas

June 2019 – It is expected that Romania’s National Agency for Mineral Resources (ANRM) will announce plans to hold auctions for 28 petroleum exploitation areas. The auctions involve 22 onshore and 6 offshore concessions. Auctions are apparently scheduled...

Cannabis for Medical Use: CEE Regulatory Update

June 2019 – A growing number of countries around the world are gradually legalising the use of cannabis for medical purposes.
It can be said that governments are now generally taking a more liberal approach to this product, which could significantly...

Loan syndication and EU Competition law: Overview of the European Commission’s final report

April 2019 – On 5 April 2019 the European Commission published a much-awaited report on loan syndication and its impact on competition in EU credit markets (the "Report"). This multidisciplinary research was undertaken for the Directorate-General for...

Kinstellar advises Lion’s Head Investments on 3 office acquisitions in Bulgaria and Romania with a total transaction value exceeding EUR 310 million

February 2019 –  Kinstellar is delighted to have advised its client, Lion’s Head Investments, on the acquisition of three major office buildings: two in Sofia (Polygraphia Office Centre and Megapark) and one in Bucharest (Oregon Park).  All three...

Kinstellar Partner Iustinian Captariu moderates panel discussion at the European Gas Conference in Vienna

January 2019 – Iustinian Captariu, Partner at Kinstellar’s Bucharest office and head of the firm’s local Energy & Natural Resources practice, moderated an expert panel discussion at the annual European Gas Conference organised by the World Refining...

Changes to the regulation for granting authorisations for establishment and licences in the natural gas sector in Romania

January 2019 – The National Agency for Energy Regulation (“ANRE”) has recently published new amendments (the “Amendments”) to the Regulation for granting authorisations for establishment and licences in the natural gas sector approved by ANRE...

Victor Constantinescu, Kinstellar partner and co-head of the firm-wide real estate practice, speaks at real estate investment conference in South Africa for the second year in a row

December 2018 – For the second year in a row, Victor Constantinescu, Kinstellar partner and co-head of the firm’s wide Real Estate practice, was an invited speaker at SGB Securities’ annual real estate conference which took place in Cape Town...

Romanian Competition Council’s preliminary conclusions on the retail banking sector inquiry launched in 2016

November 2018 – Following the adoption of EU Directive (EU) 2015/2366 of the European Parliament and Council of 25 November 2015 on payment services in the internal market (“PSD2”), the Romanian Competition Council (the “RCC”) launched in 2016...

Legal regime in Romania for the granting of cumulative weekly rest days to employees

August 2018 – Many companies have business reasons to conduct certain work activities for an uninterrupted period exceeding five days.
In Romania, the rules for implementing an uninterrupted work period of more than five days are set out under...

Online sale of medicinal products in Romania

August 2018 – The online sale of pharmaceutical products in Romania has been on the rise in recent years. This strengthening trend can be attributed to the growth of online purchases in Romania in general and to the fact that, until recently, the law...