FDI screening & clearance / Romania
A Romanian acquisition needs an investment-screening assessment alongside its corporate and sector-specific review. We help transaction teams identify the approval questions early and connect the clearance workstream to due diligence, signing and completion.
Discuss Romanian investment screeningThe decision in front of you
You have a transaction timetable, but uncertainty over the investor, target activities or filing requirement can leave signing and completion exposed.
Our response
We assess whether the Romanian investment-screening regime applies, prepare the filing workstream and align approval conditions with your SPA. You receive a clear route for the transaction, with open questions and dependencies identified early.
We agree the depth of the review and the work needed for your decision. The scope can cover the following workstreams.
An initial assessment should map the investor, ultimate ownership, governance rights, target activities and proposed investment. A share acquisition, a new project and a change within an existing group may raise different questions. Investor nationality alone is not a sufficient basis for a clearance conclusion.
The working file brings together the ownership chart, transaction structure, investment value analysis, target activities, project locations and transaction documents. We identify information gaps, coordinate requests with the deal team and prepare the legal analysis needed to decide the next step.
Approval risk belongs in the transaction timetable and the contract. The parties should allocate filing responsibility, cooperation duties, information access, conditions precedent, long-stop dates and the consequences of a conditional or unavailable approval. Signing and completion should be considered separately.
For solar, wind and BESS investments, the investment-screening workstream should be coordinated with land, permitting, grid and ANRE diligence. A sector authorisation is not a substitute for examining investment-screening requirements. We coordinate Romanian advice with the investor's lead counsel.
We assess the investment value, any applicable aggregation rules and security or public-order considerations before advising on the filing route. A value threshold alone does not settle the assessment.
From instruction to delivery
Clear responsibilities, a documented position and actions tied to the next decision.
We review ownership, control, activities and investment value against the applicable rules.
We coordinate the information and documents needed for the filing and address gaps with your deal team.
We support authority correspondence and keep clearance requirements connected to signing and completion.
First conversation
The answer depends on the investment, investor, target activities and current rules. A transaction-specific scope assessment is needed before deciding whether to file.
Yes. The Romanian workstream can be scoped to complement the investor's lead counsel, with agreed responsibility for local due diligence, approvals and transaction documents.
Your next step
Tell us the issue, the parties involved and the decision date. We will agree the scope and next steps with you.
