IFLR 1000
The Guide to the World's Leading Financial Law Firms

Romania

Legal market overview Printer-friendly version

Previous rankings and editorial: [2005] [2006] [2007] [2008] [2009] [2010] [2011] [2012]

The banking and finance sector under the new Romanian Civil Code

Mona Musat
Musat & Asociatii
Bucharest

On October 1 2011, a new Civil Code entered into force in Romania. Such enactment had been long waited for by the practitioners and scholars, as the provisions of the former civil code, dating back to 1864, were no longer compliant with the contemporary realities and new challenges of legal practice. The efforts of the team drafting the New Civil Code resulted in an advanced regulatory instrument containing fundamental principles of law and solutions already embraced by doctrine and jurisprudence and also incorporating legal concepts of modern legislations, in order to align to the global legal framework and business.

[Show full article]

Banking and capital markets

CONTEXT AND TRENDS
On October 1 2011, the new Romanian Civil Code came into force. It will take some time to gauge its full impact but the legislation aims to update the country's legal framework by refining existing legal concepts and adapting them to the present context....

[more]

Mergers and acquisitions

CONTEXT AND TRENDS
Of all the practice areas covered in Romania, M&A was the most lucrative. However, this is not to say that the sector boomed or bounced back from the crisis, but rather, it was the most constant in 2011....

[more]

Project finance

CONTEXT AND TRENDS
In the last 12 months, the market in project finance has been sedate with little in the way of new money. Banks continue to be very careful to extend credit and have a tendency to cherry pick projects....

[more]

See also

Romania
Central and Eastern Europe

Legislation guide

The banking and finance sector under the new Romanian Civil Code

Practice areas

Law firm contact details