Muşat & Asociaţii assisted Petrofac, one of the major international players in the oil industry services, included in the FTSE 100 Index and listed on the London Stock Exchange with the symbol (PEC), in taking over the oil drilling operations in the Ţicleni area. Further to the agreement, concluded for a period of 15 years, Petrofac will manage and re-develop nine onshore deposits, providing the necessary expertise and engineering, while Petrom will continue to be the holder of the concession agreement and of the hydrocarbon production.
“The conclusion of this agreement marks the entering of one of the leading international players in the oil industry services on the local market. It required, in the pre-implementation stage, a complex and multi-disciplinary approach carried out by a team of five attorneys. Its successful completion confirms our expertise in natural resources and energy, as well as in other relevant legal matters, such as labor law or environment law”, says Luminiţa Popa, Partner with Muşat & Asociaţii and manager of the project team.
In the field of energy and natural resources, Muşat & Asociaţii provides legal assistance for high-profile companies such as Enel, Gabriel Resources or Rompetrol. Furthermore, Musat & Asociatii’s energy and natural resources expertise is regularly praised by the reputed international legal guides, Chambers & Partners and Legal 500, which place the firm at the top of the rankings in this area of expertise and highly recommend our lawyers as experts on the local market.
About MUŞAT & ASOCIAŢII
MUŞAT & ASOCIAŢII is one of the first law firms set up in Romania after January 1st, 1990. With 12 partners and more than 100 attorneys and counselors, Musat & Asociatii provides advisory services for all sectors of the business law, including mergers & acquisitions, privatizations, banking, energy & natural resources, company law, competition, intellectual property, telecommunications & IT, labor law, fiscal law, capital markets, real estate law, environmental law, as well as in litigations & commercial arbitrations.
MUŞAT & ASOCIAŢII has been recognized as one of the pillars of the Romanian business law and the firm’s expertise is regularly praised by the reputed international legal guides (Chambers & Partners, Practical Law Company, Legal 500, International Financial Law Review etc.), which place the firm at the top of the rankings and highly recommend our lawyers as experts on the Romanian legal market. Practical Law Company (PLC) Which Lawyer? lists Musat & Asociatii at the top of their rankings in eleven areas of expertise from fifteen researched on the local market: corporate / M&A, dispute resolution, real estate, construction, capital markets, environment, private equity, restructuring & insolvency, tax, telecom & media and outsourcing & IT. The firm is also leading in all four areas of expertise researched by International Finance Law Review 1000, a legal guide focused on the banking and financial law: mergers & acquisitions, banking, capital markets and project finance. Also, Chambers & Partners and Legal 500 place Musat & Asociatii at the top of their rankings in most of the practice areas included in the research.
The firm’s portfolio includes more than 2,500 clients, large local or international corporations, such as: Enel SpA, Orange, Rompetrol, Colas, PPF Partners, European Investment Bank, RBS (Royal Bank of Scotland), ING Bank, Fortis Bank, KBC Bank, Raiffeisen Bank, OTP Bank, Eli Lilly, GlaxoSmithKline, Novartis, General Electric, General Motors, Intel, Oracle, AON, AT&T, Thyssen Krupp, Generali, Immoeast, Petrom, AFI Europe, Electrolux, SBS Broadcasting Corporation etc.
