CEE Legal Matters In-depth coverage of the news and newsmakers that shape Europe's emerging markets 
An increasingly popular option for enjoying a pleasant time is tourism in Romanian rural areas, which has progressively developed in recent years and, although affected by the pandemic, still has considerable development potential. In fact, the COVID-19 crisis is expected to equally have positive effects, including in areas such as this one, when stronger emphasis is placed on an environmentally friendly tourism economy.
As part of the EU strategy to create a Digital Single Market, Directive 2018/1972 of the European Parliament and Council establishing the European Electronic Communications Code (the „EECC” or the „Code” and the „EECC Directive”) was published on December 17th, 2018 and entered into force on December 20th, 2018. The EECC should be considered together with EU Regulation 2018/1971 establishing the Body of European Regulators for Electronic Communications („BEREC”).
The fact that the “future of finance is digital” has increasingly become a self-evident truth not only for the EU Commission, but also in the eyes of the typical EU consumer, especially in the COVID-19 context.
In the current context, marked by an ever-increasing impact of climate changes and under the umbrella of EU strategies involving soil protection-related issues (most notably the Soil Protection Strategy and the EU Biodiversity Strategy for 2030 - a core part of the European Green Deal), the Romanian authorities have started to take steps in the direction of acknowledging, by means of a dedicated legal framework and mechanisms, the paramount importance of soil, for the purpose of ultimately supporting a sustainable development of this non-renewable natural resource.
Solar power installed capacity in Romania is currently of almost 1400 MW, representing 6.8 % of the total installed capacity of the country. This capacity was largely installed in the period 2012 - 2016, during the first boom of renewable projects boosted by a generous support scheme. The pipeline of available projects was much bigger.
Bondoc si Asociatii has advised Solarealize SA, a Portuguese independent renewables company, on a development/partnership agreement with a Romanian company experienced in solar projects to develop a targeted 43.5 MW initial project.
Bondoc si Asociatii has advised Ireland's Tapbury (Management) Limited on the acquisition of a Romanian company that is developing a wind farm project with approximately 60 MW installed capacity on around 150 hectares of land in Dobrogea region.
Bondoc si Asociatii has advised independent electricity and gas supplier Restart Energy on its cooperation agreement with DC-based consulting and fund management company Interlink Capital Strategies to develop green energy projects worth USD 500 million in Romania and neighboring countries, and to launch the blockchain-based RED platform in the USA.
Bondoc și Asociații SCA is a leading Romanian law firm advising private corporations, public entities and lending institutions in the development of significant and increasingly integrated projects in a wide range of practice areas, including corporate and commercial law, M&A, banking & finance (including also structural funds and state aid), energy, capital markets, competition law, labor, real estate, IT&C, regulatory and compliance. Its lawyers are specialized in providing integrated advice on virtually every legal aspect associated with complex cross-border transactions, as well as domestic projects.
We have the experience and necessary resources to advise private corporations, public entities and financial institutions in their cross-border expansion, in the development of significant and increasingly integrated projects.
In terms of M&A transactional work, our team has been involved in many significant transactions covering a broad range of industries.
We are one of the few firms capable of assisting in a professional manner on virtually any type of M&A project in any industry in Romania and of any size, including with respect to highly regulated sectors or in connection with public authorities.
We have very strong departments in all support areas needed for such transactions, including without limitation competition, commercial law, real estate, labor law, banking &finance, energy, environment, and other regulatory.
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Our lawyers have wide experience in dealing with complex and sophisticated legal matters.
For further information about Bondoc si Asociatii Law Firm, please visit our website at bondoc-asociatii.ro.