Romania: Energised prospects
Romania's energy sector has become a somewhat unheralded driver of medium and big-ticket deals for the country's independent law firms, many of which are pouring the kinds of resources into their energy practices as they did into their real estate teams three to four years ago.What's behind this? Five years ago, the Romanian government finally decided to begin privatising the country's large utilities sector (Romania's neighbours, by comparison, completed these kinds of sell-offs in the mid- to late-1990s, following the collapse of communism). Now law firms are finally seeing a solid workflow from this trend. "You know how the light from a star is seen on earth maybe years after the star has died? It's a little bit like this," says Cristina Filip, name partner at Bucharest independent Peli Filip.
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