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CMS | Romania introduces key legal changes affecting corporate and M&A transactions

For further information on Law 239/2025, contact your usual CMS relationship partner or the CMS experts who ...

CMS advises CCE on sale of landmark Horia 2 solar project to Renalfa Solarpro Group

The CMS team provided comprehensive legal assistance with respect to the transaction, including structuring, ...

Țuca Zbârcea & Asociații advises Banca Transilvania on financing Romania’s ...

At the end of 2025, Nova Power & Gas began operation of the largest battery storage facility in Romania, an ...

Articolul poate fi citit doar de membrii platitori ai comunitatii BizLawyerKinstellar advises Foxway on the acquisition of All Birotic Devices Trade & Service in Romania

ABD has been operating in Romania for over two decades, specializing in refurbishing IT devices and offering services such as respraying and skinning to restore devices to premium quality.

Kinstellar has advised Foxway, a leading provider of sustainable technology solutions, on the acquisition of All Birotic Devices Trade & Service SRL (ABD), a Romanian company specializing in the refurbishment of IT devices to premium standards.  The acquisition is an important part of Foxway’s regional expansion strategy, aimed at enhancing its capacity to meet the growing demand for high-quality, circular technology solutions across Europe. With the acquisition of ABD, Foxway strengthens its operational base in Romania, supporting its long-term goal of providing sustainable and top-performing tech solutions to businesses.  ABD has been operating in Romania for over two decades, specializing in refurbishing IT devices and offering services such as respraying and skinning to restore devices to premium quality.  Foxway, with this acquisition, solidifies its position as a key player in the European circular tech market. The company aims to meet the increasing demand for high-performance, sustainable tech solutions and is committed to reducing electronic waste, contributing to a more sustainable tech ecosystem in Europe. Kinstellar’s team advising on the transaction was led by  Zsuzsa Csiki (Partner, Co-Head of M&A/Corporate) and Mihai Stan (Managing Associate), with the wider transactional and due diligence team including Mădălina Perțe (Managing Associate), Andrada Popescu (Managing Associate), Cosmin Vasilescu (Senior Associate), Cătălina Băluș (Senior Associate), Dana Sârbu (Senior Associate), Rena Saftencu (Senior Associate), Teodor Lupu (Associate) and Theodor Artenie (Tax, Counsel).

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Articolul poate fi citit doar de membrii platitori ai comunitatii BizLawyerThrough its consistency and depth, CMS Romania’s Capital Markets practice has become one of the pillars of the firm’s reputation on the local market and a key benchmark within its regional network. BizLawyer spoke with Cristina Reichmann (Partner) about the discipline behind IPO readiness, the nuanced application of market rules, and the strength of a team that operates in a well-structured manner, with clear roles and aligned objectives

CMS Romania’s Capital Markets practice is consistently recognised by leading international legal guides for sophisticated mandates. Through its consistency and depth, it has become one of the pillars of the firm’s reputation on the local market and a key benchmark within its regional network. BizLawyer spoke with Cristina Reichmann (Partner) about the discipline behind IPO readiness, the nuanced application of market rules, and the strength of a team that operates in a well-structured manner, with clear roles and aligned objectives.

In recent years, CMS Romania’s Capital Markets practice has established itself as one of the market’s undisputed reference points, combining refined technical expertise with a clear understanding of listing mechanics and capital markets financing.The team led by Cristina Reichmann, a lawyer consistently recognised by Chambers Europe for sophisticated capital markets mandates and positioned among Romania’s top-tier specialists, delivers complex projects with a level of assurance that inspires confidence among issuers, intermediaries, and institutional investors alike. The Legal 500 describes the Bucharest Capital Markets group as a key component of CMS’s international offering in the region, highlighting Cristina Reichmann and her team’s role in equity and bond transactions, initial listings, high-yield bond issuances, and structured finance. In the same vein, IFLR1000 and other specialised publications cite Cristina Reichmann as one of the leading lawyers on the Romanian market in financial law and capital markets, confirming the long-term consistency of her performance. The strength of the practice, however, lies not only in names listed in directories, but in how the team performs on real mandates.

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CMS | Romania makes changes to natural gas licence regulations

Varinia Radu, Ramona Dulamea, Raluca Diaconeasa and Madalina Constantinescu - CMS Romania

On 1 January 2026, Romania enforced ANRE Order 83/2025, which amends the process for granting authorisations and licences in the natural gas sector and repeals the previous 2020 Regulation.


      Clifford Chance reports its most intense year since entering the Romanian market in 2006

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      Clifford Chance Badea, the local office of global law firm Clifford Chance, completed 2025 with a record performance since the international firm entered the Romanian market, which reflects the effervescence of an increasingly dynamic business environment that is accelerating investments in line with strategic competitiveness objectives in the new economic reality.


          CMS | Romania joins countries penalising “no-poach” practices

          CMS Romania

          Romania’s Competition Council issued its first decision against “no‑poach” agreements in the automotive and engineering labour markets.



              Ascunde Reclama

              Muşat & Asociaţii achieved a landmark success in the matter of taxes imposed by the National Gambling Office

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              Muşat & Asociaţii continues its series of successful litigation cases with a new landmark victory at the High Court of Cassation and Justice concerning taxes owed by gambling operators.


                  CMS | Romania sets new rules for mandatory contributions to Insureds Guarantee Fund

                  Cristina Popescu and Florentin Giurgea - CMS Romania

                  On 19 December 2025, the Official Gazette published the Financial Supervisory Authority (FSA) Norm no.


                      CMS | Romania adopts new law on payments of private pensions

                      Cristina Popescu and Florentin Giurgea - CMS Romania

                      On 5 January 2026, Romania’s newly passed Law 2/2026 on Payment of Private Pensions was published in the Official Gazette of Romania.


                          Articolul poate fi citit doar de membrii platitori ai comunitatii BizLawyerKinstellar advises BIG Mega Renewable Energy on over EUR 100 million financing for the Văcăreni Wind Farm in Romania

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                          Kinstellar has successfully assisted the leading renewable energy developer BIG Mega Renewable Energy on an approximately EUR 100 million project financing with a syndicate of lenders for the construction and operation of the Văcăreni wind farm located in Tulcea County, Romania.


                              Popovici Nițu Stoica & Asociații welcomes three new partners in 2026

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                              Popovici Nițu Stoica & Asociații is pleased to announce the promotion to Partner of Bianca Chiurtu, Ioana Cazacu and Ramona Pentilescu, effective as of 1 January 2026.


                                  Articolul poate fi citit doar de membrii platitori ai comunitatii BizLawyerAnother spin-off in Romania’s legal market | Partner Cristian Popescu and his team of ten lawyers have left Dentons to launch a new firm: “It was a voluntary departure, and the senior lawyers we worked with became partners in the new entity.” Popescu Roman Radu Florea plans to expand its team and activity across several practice areas by year-end

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                                  Cristian Virgil Popescu, until recently a partner in Dentons’ Corporate group in Bucharest, has separated together with his entire team and, as of January, has established Popescu Roman Radu Florea Law Firm, which he leads.


                                       

                                       

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                                      Kinstellar advises Foxway on the acquisition of All Birotic Devices Trade & Service in Romania
                                      Through its consistency and depth, CMS Romania’s Capital Markets practice has become one of the pillars of the firm’s reputation on the local market and a key benchmark within its regional network. BizLawyer spoke with Cristina Reichmann (Partner) about the discipline behind IPO readiness, the nuanced application of market rules, and the strength of a team that operates in a well-structured manner, with clear roles and aligned objectives
                                      CMS | Romania makes changes to natural gas licence regulations
                                      NNDKP confirms, through its Dispute Resolution practice, that it is the first choice for companies seeking representation in cases worth hundreds of millions of euros, before courts and in arbitrations administered by leading international institutions | BizLawyer talks to Emil Bivolaru (Executive Partner) and Sorina Olaru (Partner) about the combination of strategy, technology and teams capable of taking complex disputes to a successful conclusion
                                      CMS | Romania introduces key legal changes affecting corporate and M&A transactions
                                      Clifford Chance reports its most intense year since entering the Romanian market in 2006
                                      CMS advises CCE on sale of landmark Horia 2 solar project to Renalfa Solarpro Group
                                      Țuca Zbârcea & Asociații advises Banca Transilvania on financing Romania’s largest battery energy storage facility, developed by Nova Power & Gas
                                      CMS | Romania joins countries penalising “no-poach” practices
                                       
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