🚀We are very proud to announce a sweeping victory on behalf of one of the main infrastructure contractors in Romania in a complex multi-million EUR dispute against CNAIR stemming from a construction public procurement contract. Our team successfully represented the client in an intricate international arbitration case concerning the adjustment mechanism related to major road infrastructure works, bringing together complex commercial, technical and legal issues in the context of our client’s fundamental right to fair compensation. Following an intense 2 years process, the Arbitral Tribunal issued its final award ruling in favor of our client on all counts and all claims. The Tribunal decisively validated our client's position and awarded not only the outstanding principal amount but also material delay penalties and further damages to cover monetary devaluation. Full recovery of arbitration costs and legal fees was also secured. This landmark win reinforces the critical imp...
Romania's Renewable Energy Game-Changer: Understanding the New CfD Scheme in 2025 Authors: Miruna Suciu, Dan Ciobanu If you've been following Romania's renewable energy market, you've probably heard about the new Contract for Difference (CfD) scheme that's making waves. Let's break down what's happening and why it matters for investors, developers, and the future of green energy in Romania. What's the Big Deal About CfDs? First things first : Contracts for Difference are essentially a way for the government to guarantee renewable energy producers a stable price for their electricity. Think of it as an insurance policy against market volatility. When market prices are low, producers receive a top-up payment. When prices are high, they pay back the excess. Simple, right? The Romanian Model: Key Facts and Figures Here's where we stand in early 2025: - First auction completed: December 2024 - Capacity awarded: 1.5 GW (mixture of solar and wind) - Strike ...