Energy and Natural Resources

We pride ourselves on being the law firm in the top choice of clients for the Energy and Natural Resources practice area, advising global key clients, both local and international, on legal matters from regulatory to project finance for mining, green energy and electricity sectors.

Our law firm has a strong background in providing custom legal advice, through establishing close working relationships with our clients, in sense of knowing them by understanding how they underwrite, document and manage their business.

We advise clients activating in Natural Resources – Mining Sector with legal aspects concerning: regulatory in relation to permits/licenses/authorizations, transfer of mining licenses, major financings, corporate/M&A projects, various types of contracts used in natural resources procurement, sale and purchase of ore concentrates (copper, zinc, gold, etc.), development work, environmental law and so on. Also, we successfully represent in complex litigation cases global key players in the Mining Sector.

Our Services

  • Regulatory Compliance
  • Consultation on Primary and Secondary Legislation
  • Project Finance
  • Cross-border Transactions
  • Joint Ventures
  • Structuring & Negotiation of Agreements
  • Specific Due Diligence
  • Regulatory advice on Permits/Licenses/Authorizations in Natural Resources – Mining Sector
  • Regulatory advice on Electricity Services (setting up, generation, transmission and distribution)
  • Legal advice on Renewable Energy Projects (development & operation)
  • Regulatory advice on Permits/Licenses in Renewable Energy Sector

International Recognition

International Financial Law Review IFLR1000 – 2020

Corporate and M&A, Banking and Finance,

Highly regarded lawyer expertise in Real estate, Restructuring and Insolvency and Banking practice area

International Financial Law Review IFLR1000 – 2020 Corporate and M&A, Banking and Finance

This year, the law firm was ranked among the best companies in Romania in Banking and Finance practice area. At the same time, IFLR1000 recognized the results obtained by Pavel, Margarit and Associates Romanian Law Firm within the Corporate practice area. This is the fourth year in a row that the famous publication recognizes the results obtained by the lawyers from Pavel, Margarit & Associates Romanian Law Firm.

Selected Credentials

  • Assisted the biggest foreign investor in Romanian mining industry, a leading AIM listed company focused in Zimbabwe, Zambia and other jurisdictions, with operations in mineral resources and gold exploration, in a transaction regarding a Prepayment Agreement. Pursuant to this agreement, the buyer, Mercuria Energy Trading, one of the largest integrated energy and commodity trading companies in the world, agreed to prepay an amount of up to USD 9.5 MIL, to our client in consideration for future deliveries of zinc, and copper concentrates from our client’s subsidiaries in Romania. We have drafted a legal opinion regarding the capacity and natural resources and regulatory matters of our clients’ subsidiaries to enter into the transaction; we performed the revision of the environmental authorization, the water management authorization, we advised regarding the exploitation license and the exploration program from National Agency for Mineral Resources (NARM). Also, we drafted a legal opinion regarding our client’s capacity, power and authority to execute, deliver and perform the commercial contracts to deliver ore concentrates and in relation to the applicable regulatory requirements set by domestic and EU-law in the area and energy law, as well as in the regulatory field. (USD 13,000,000)
  • Assisted an AIM-listed mining company, the only operating investor in the mining industry in Romania, in a financing agreement concluded with a British private equity fund, based on a Bond Issuance Deed program, according to which the client should receive the bonds in four tranches, with the first one amounting to over USD 7,000,000 MIL. Apart from the corporate and banking assistance provided, we dealt with all the procedural steps and liaised with the relevant authorities in the natural resources field, reviewing and negotiating the underlying documentation for completing the transfer of the ore concentrate. In addition to that, we advised in matters pertaining to exploration license and aspects pertaining to the NAMR (National Agency for Mineral Resources) and in terms of structuring of the transaction, reviewing the documentation and authorizations and drafting the afferent agreements. (USD 15,000,000)
  • Assisted a leading U.K. mining company with operations in Romania, in a multimillion joint venture agreement with a Romanian state-owned company, in order to operate under the exploitation license of the latter. We advised on the procedural steps and liaised with the relevant authorities in the energy sector and the applicable regulatory requirements set out by Romanian law in the area of corporate and energy and prepared the documentation required for obtaining the license and permits for exploitation. In addition to that, we assisted with the structuring of the transaction, reviewing the documentation and authorizations and drafting the afferent agreements, advising in all stages of the project. (EUR 10,000,000)

Press Coverage

Vast Resources aquires full control over a company that owns Manaila Mine in Suceava County.

More info here.

Zf.ro

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