IJDELEA & ASOCIATII

Address: Park Avenue Offices 93 – 95 E. Porumbaru St.1st District, Bucharest
Tel: +40 213 175 020
Fax: +40 213 175 020
E-mail: [email protected]
Web: www.ijdelea.ro
Most senior representative: Oana Ijdelea
No. of local partners: 3
No. of lawyers: 12
Year founded in Romania: 2008
Offices in Romania: Bucharest
Representative clients include: Carlyle International Energy Partners, Black Sea Oil & Gas, Mazarine Energy, Onon Partners, Raffles Energy, Green Genius, Splend, United Petfood, Renovatio Group, Hortilife.

Partners and heads of practice

Oana Ijdelea - Managing Partner
Energy and Natural Resources, Environmental, ESG, Ethics and Corporate Governance, Mergers & Acquisitions, Project Finance, Regulatory & Compliance
Oana is unanimously recognized for successfully handling landmark and first-to-market projects in the energy sector, assisting foreign and local investors from planning throughout the entire operational chain and undertaking complex issues related to business development and investment in Romania.
Drawing on a 17-year career as a business lawyer, she routinely advises clients on the most challenging and strategic matters involving C-Suite decision making related to their investments, projects and operations in Romania and has a notable track record of successfully leading significant advocacy efforts.
Oana is acknowledged by clients and peers for the successful execution and implementation of the provided advice and is acknowledged as a substantial contributor to the drafting of legislation regulating a broad range of industries and areas.
Ancuta Pop – Partner
Administrative and Public Law, Competition and EU Law, Corporate and Commercial, Dispute Resolution, Employment, Real Estate and Construction
Ancuța is an experienced and persuasive litigator backed by over 12 years of practice-area expertise spanning civil and commercial litigation and arbitration, complex administrative and public law and employment disputes as well as real estate and construction matters. When advising clients, she first seeks to understand the businesses in order to tailor an effective and clear-cut strategy and an optimum defense as the litigation process evolves, keeping her focus on each step of the litigation process and without losing sight of the end result.
 
Ancuța’s impressive client record includes leading domestic and global companies active in various industries ranging from retail, energy and telecom to banks and the steel industry.
Siranus Hahamian – Partner
Asset Management, Corporate and Commercial, Mergers & Acquisitions, Project Finance, Regulatory & Compliance, Real Estate and Construction
Siranuș has significant expertise in corporate and M&A domestic and cross-border investment and project finance, with a particular focus on real estate and construction matters.
She has a large track record of having successfully assisted credit institutions, global corporations, and some of the largest companies present in Romania in connection with joint ventures, domestic and cross-border reorganizations, divestments, share & asset deals, securing debt, equity, and complex project financing, post-acquisition and post-financing restructuring matters and security structures for the development of in country projects. Siranuș is highly skilled in the carry-out of due diligence exercises and the drafting of due diligence reports and transaction substantiating documents.
Also, Siranuș has in-depth knowledge of the banking and finance area, negotiation of various types of credit facilities and RBLs, related security package and enforcement matters and her regular work also covers FIDIC based contracts.

 

List of the most representative projects

Corporate and M&A
  1. Advised eSapiens Tecnologia, a major Brazillian technology venture, in connection with the acquisition of a live streaming business. The mandate covered the due diligence process as well as advice on the structuring of the deal and related transaction documents.Specialist lawyers: Siranus Hahamian, Andreea Tudor, Ioana Chirita.

  2. Advising Raffles Energy in relation with the acquisition from OMV Petrom, by means of a transfer of business as going concern, of the 100% participating interest in several onshore petroleum blocks. The mandate includes a detailed legal analysis based on the initial due diligence made by the buyer, the structuring of the transaction and the reviewing and amendment of the seller’s proposed draft business transfer agreement and the entire package of the transaction documents. Specialist lawyers: Oana Ijdelea, Siranus Hahamian, Lorena Vasvari, Luiza Catalinescu.

  3. Advised Splend, a global leader in providing cars to on-demand drivers, on a project financing transaction with a value in excess of €25 million contracted with a San Francisco based specialty-lending firm serving emerging growth technology and life sciences companies. Specialist lawyers: Siranus Hahamian, Lorena Vasvari, Andreea Tudor.

  4. Advising an important French renewables’ developer on the acquisition of the entire participation in a Romanian SPV for the purposes of developing a wind project with an installed capacity of 40 MW. Specialist lawyers: Oana Ijdelea, Siranus Hahamian, Luiza Catalinescu, Andreea Tudor.

  5. Advising a major Swedish-based renewable energy group in relation to the acquisition of a portfolio of brown-field solar parks from various small Romanian SPV developers. Specialist lawyers: Siranus Hahamian, Luiza Catalinescu, Andreea Tudor.



Energy and Natural Resources
  1. Advising Black Sea Oil & Gas on all aspects related to the implementation of the Midia Gas Development Project (MGD), the first offshore gas production and offshore-onshore infrastructure to be carried-out in Romania in the last 30 years. The assistance covered all legal matters related to concession rights, transfers of participating interest in the concession, permitting, regulatory and compliance matters, land acquisition and securing of rights of way, connection with the NTS and gas transmission matters, EPCIC and drilling agreements, gas sale agreements and procedures, licensing, ESIA process, $200 million project finance, general corporate and commercial matters, as well as public and governmental affairs, advocacy and enactment of necessary legislation. As MGD is becoming an energy transition vehicle, the team is advising the client on all matters regarding the development of an onshore solar park, an offshore wind farm and of offshore green hydrogen. Specialist lawyers: Oana Ijdelea, Siranus Hahamian, Lorena Vasvari, Alexandru Popescu.

  2. Advising Raffles Energy in relation with the acquisition from OMV Petrom of the 100% participating interest in several onshore petroleum blocks. The mandate includes the full suite of the acquisition process, including a detailed legal due diligence on real estate and regulatory and permitting matters, the structuring of the transaction and the reviewing and amendment of the seller’s proposed draft business transfer agreement and the entire package of the transaction documents. Specialist lawyers: Oana Ijdelea, Siranus Hahamian, Lorena Vasvari, Luiza Catalinescu.

  3. Advising Green Genius on all aspects related to corporate, real estate, regulatory, compliance and licensing requirements for the development of several solar projects in Romania, reaching a planned capacity of 500 MW, including the entry into standard EPC contracts with various third parties. Specialist lawyers: Oana Ijdelea, Siranus Hahamian, Luiza Catalinescu.

  4. Advising Renovatio Group in relation to the development of Borzesti CCGT having an installed capacity of 420 MW. A particular challenge of the mandate consisted in the obtaining of Transgaz regulatory approvals and negotiation and execution of connection agreements  with the national gas transmission system. Specialist lawyers: Oana Ijdelea, Alexandru Popescu, Lorena Vasvari.

  5. Advised Crest Energy on various energy market requirements, including applicability of price caps and other regulatory measures. Specialist lawyers: Oana Ijdelea, Lorena Vasvari, Andreea Tudor.



Real Estate
  1. Advised Black Sea Oil & Gas in relation of the obtaining of offshore rights of way in connection with the Midia Gas Development Project. This is a first-to-market mandate for Romania. Specialist lawyers: Oana Ijdelea, Lorena Vasvari, Alexandru Popescu.

  2. Advising United Petfood in relation to the acquisition of 150,000 sqm of land and the development and permitting of a new per food factory and logistic facility in Dambovita County. Specialist lawyers: Siranus Hahamian, Luiza Catalinescu, Andreea Tudor.

  3. Advised Hortilife in relation to a series of construction matters and contractual arrangements in relation to the execution and delivery of a major green-house in Arad County.  Specialist lawyers: Siranus Hahamian, Luiza Catalinescu

  4. Advising an important French renewables’ developer on permitting-related matters, including urban planning, grid connection and grid development matters, and securing the necessary endorsements and permits regarding the development of a wind farm with an installed capacity of 40 MW.  Specialist lawyers: Oana Ijdelea, Siranus Hahamian, Luiza Catalinescu, Andreea Tudor.

  5. Advising a major Swedish-based renewable energy group in relation to the performance of the permitting process for the development of its portfolio of solar parks, including urban planning, grid connection and grid development matters. Specialist lawyers: Siranus Hahamian, Luiza Catalinescu, Andreea Tudor.



Litigation and Dispute Resolution
  1. Advising Black Sea Oil & Gas, as leader of the international legal counsel team, in relation to ICC arbitration proceedings against the State of Romanian and the National Agency for Mineral Resources on the grounds of the introduction of the supplemental tax in the offshore law in breach of the stability and the contractual rebalancing obligation of the State as provided under the petroleum agreement. Specialist lawyers: Oana Ijdelea, Ancuța Pop, Alexandra Laza, Lorena Vasvari.

  2. Advised Black Sea Oil & Gas in relation to the awarding of interest fees for late VAT reimbursement in excess of 7 mil EUR. This mandate is part of a series of court cases aimed at protecting our client’s economic interests affecting adequate cash-flow. Specialist lawyers: Ancuța Pop, Alexandra Laza, Victor Mitcov.

  3. Assisted Hortilife BV in an urgent dispute resolution procedure aimed at stopping their contractual partner from using a €3.5million greenhouse before the turnkey project developed by Hortilife was approved according to the contractual framework. The dispute was part of a series of ongoing court and out of court legal proceedings aimed at resolving the dispute regarding the development of a large greenhouse complex for the Romanian subsidiary of a Slovenian company. Legal services were rendered more complex by the need to consider both the convoluted structure of the parties’ business transaction and the partial funding from EU funds. Specialist lawyers: Ancuța Pop, Alexandra Laza, Victor Mitcov.

  4. Assisted the client, Petro Venture Resources, in two disputes against the National Energy Regulatory Authority concerning the cancellation of two misdemeanor minutes by which the authority applied fines in excess of €280,000 for alleged breaches of the provisions of Emergency Government Ordinances no. 27/2022 and no. 119/2022 respectively concerning a newly established obligation to sell 40% of the natural gas domestic production at capped price. The main issue of the case file will be for the court to determine whether such obligation is applicable even if all the domestic gas production had already been sold before the enactments came into force. Specialist lawyers: Ancuța Pop, Alexandra Laza, Victor Mitcov.

  5. Assisted the client, Gas Plus Dacia, in two disputes against the National Energy Regulatory Authority concerning the cancellation of two misdemeanor minutes by which the authority applied fines in excess of €280,000 for alleged breaches of the provisions of Emergency Government Ordinances no. 27/2022 and no. 119/2022 respectively concerning a newly established obligation to sell 40% of the natural gas domestic production at capped price. The main issue of the case file will be for the court to determine whether such obligation is applicable even if all the domestic gas production had already been sold before the enactments came into force. Specialist lawyers: Ancuța Pop, Alexandra Laza, Victor Mitcov.



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