We provide specialized M & A, asset and project financing and strategic and regulatory advice in all energy sectors covered by the National Energy Strategy such as conventional energy, nuclear, public lighting, water and waste management, energy efficiency and electro-mobility projects , CHP rehabilitation projects, gas and oil up and downstream projects, electricity and gas transactions on hubs and stock exchanges, state aid issues, transposition of European legislation and court practice in relation to interconnections, CO2 certificates and all other regulatory issues. We foster a close relationship with national and European regulators and provide support in the drafting of relevant sector legislation. In addition, we provide advice on major infrastructure projects such as road and rail constructions.
As co-counsel with the office of White & Case, SAA has assisted VTB Bank (Europe) SE on a financing in the amount of EUR 124 mil granted to Chimcomplex S.A. Borzesti for the acquisition of several asset bundles from Oltchim SA. The team, led by Costin Teodorovici provided legal assistance on matters of Romanian Law in relation to transaction structuring and the Romanian security package, as well as in relation to certain other relevant matters including insolvency, real estate and environmental law issues.
Our legal advisors were involved in comprehensive Railway Reform, a project that included analysis of European and Serbian railways legislation, drafting new legislation in line with EU Directives and in-depth analysis of OECD and World Bank best practices on restructuring processes at Regulatory and Ministry level. Stratulat Albulescu lawyers offered consultancy over reorganization strategies and revision of the management guidelines.
The extended advice also included proposing rules for PSO contracts, developing the Contract Management Procedure and Plans in accordance with EU regulations and monitoring and evaluating of the Railway Sector performance.
A project of strategic importance for Romania, its scope was to develop and implement in Romania, based on EU legislation and practice, new energy services and products customized for local authorities and SMEs, which could be integrated into sales companies as value added products. Legal support implied, amongst others, public procurement compliance, Romanian and EU data protection & confidentiality rules etc.