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Tuca Zbarcea & Asociatii Works with IFC on Romania's PPP and Concessions Framework

Tuca Zbarcea & Asociatii Works with IFC on Romania's PPP and Concessions Framework

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Tuca Zbarcea & Asociatii and the IFC have worked alongside Romania's General Secretariat of the Government, Ministry of Finance, Ministry of Development, Public Works, and Administration, and Ministry of Transport and Infrastructure to update the country's regulatory framework regarding public-private partnership projects, works concessions, and service concessions.

The objective of the amendments was to align the content of the pre-feasibility and feasibility studies for public-private partnerships and concessions to European and international best practices, namely enabling the opportunity to tap into the know-how and innovation brought in by the private partner into the project.

According to the firm, "a new section regulating the framework content of the technical and economic documentation for investment objectives carried out as public-private partnerships or works concessions or service concessions was included," as well as two new annexes "regulating the framework content of the pre-feasibility study and the framework content of the feasibility study related to this type of projects."

The Tuca Zbarcea & Asociatii team included of Managing Associate Iuliana Leon and Associate Tudor Bonifate.

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

Firm's website.

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