Lexters

Lexters advises investors, sponsors, developers and energy-intensive businesses on energy projects in Romania, from land rights and permitting through financing, construction and exit. Our work covers solar, onshore wind, hydro, biomass and natural gas, with transactional, regulatory and disputes expertise in one team.

For international clients, we work alongside legal teams from other jurisdictions on cross-border mandates and advise on structuring foreign investment.

  • Project Development, Permitting & Construction

    We support projects from land assembly through construction: land rights, urban planning, permitting, environmental permitting, grid connection, licensing, and construction and other project contracts. We also prepare legal and regulatory feasibility studies for new projects.

  • Energy M&A and Project Acquisitions

    We act on acquisitions and disposals of solar, wind and biomass projects. Our work covers due diligence, including sell-side due diligence, transaction structuring, partial disposals and the negotiation of share purchase agreements.

  • Financing & Power Purchase Agreements

    We advise on project financing, power purchase agreements, data room support and share sale documentation, drawing on our team's banking and financial regulation background.

  • Regulatory, State Aid & Environmental

    We advise on ANRE licensing and regulatory matters, green certificates, State aid and publicly funded energy programs, and the environmental rules that apply to energy projects.

  • Energy Disputes & Arbitration

    We represent clients in disputes, arbitration and regulatory proceedings in the energy sector, including challenges to regulatory decisions, litigation over EU funding and investment treaty arbitration.

Selected Experience

Transactions & Projects
Solar · M&AOur team assisted a developer in the sale of a 140 MW photovoltaic park, advising on transaction structuring, due diligence, power purchase arrangements and the negotiation of the share purchase agreement.
Solar · Development · M&AOur team advised on a 500 MWp solar development portfolio, covering project acquisitions, permitting, grid connection, construction contracts and partial disposals.
Onshore wind · RegulatoryOur team advised on 600 MW of onshore wind projects, covering land rights, permitting, grid connection, licensing and project contracts.
Solar · Finance · M&AOur team supported 58 MW of solar projects through financing, power purchase agreements, data room support and share sale documentation.
Solar · State aid · RegulatoryOur team advised a group on a national green financing program and an industrial solar portfolio, covering State aid, ANRE matters, permitting, grid connection and PV development.
Land · PV development · M&AOur team advised Romanian SPVs backed by a global investment fund on a 30,000+ ha agricultural land portfolio with PV development potential (approx. EUR 200 million), covering acquisitions, group reorganizations and operational matters.
Hydro · FeasibilityOur team prepared a full legal and regulatory feasibility study for a hydro energy project, advising an energy-intensive operator on licensing, grid access and environmental permitting.
Disputes & Regulatory Proceedings
Natural gas · Investment arbitrationRotalin Gas Trading v. Republic of Moldova (ICSID Case No. ARB(AF)/22/4). Our team successfully represented the Republic of Moldova, as part of a consortium of counsel, securing a favorable award in 2026.
Energy · Investment arbitrationFinDoc v. Romania (ICSID Case No. ARB/20/35). Our team successfully represented Romania, as part of a consortium of counsel, securing a favorable award against claims of approximately EUR 256 million.
Solar · LitigationOur team advises a photovoltaic panel manufacturing group in complex litigation over the recovery of EU funds, navigating multi-layered corporate and regulatory exposure.

Part of the Energy Team

Alexandru Stănescu

Alexandru Stănescu

Dispute Resolution & Arbitration Partner · Bucharest Bar Association · New York Bar Association

Alexandru covers dispute resolution and arbitration for the energy practice. He has over 15 years of experience spanning banking, capital markets, investment law, EU consumer protection, and cross-border commercial and investment arbitration. He acted as co-counsel, working alongside the National Energy Regulatory Authority, in an ICSID arbitration concerning a EUR 230 million investment in the photovoltaic industry, which he won as counsel for the Romanian Ministry of Finance. He holds an LLM from Columbia Law School.

Cristina Marcu

Cristina Marcu

Practice Lead Counsel · Bucharest Bar Association

Cristina has extensive experience in real estate, M&A and commercial projects, built over almost 15 years in Romania and in cross-border matters, frequently working alongside legal teams from other jurisdictions. She has coordinated numerous mergers, acquisitions and joint ventures, and advises foreign investors, investment funds and Romanian companies, including on land portfolios with PV development potential.

Stelian Mic

Stelian Mic

Key Expert Of Counsel · Bucharest Bar Association · Solicitor of the Senior Courts of England and Wales

Stelian has extensive experience in energy, corporate M&A, banking and finance, and regulatory projects, built over more than 18 years in both in-house and law firm roles. He advises sponsors, developers and investors across the full project lifecycle, from land assembly and permitting through financing, construction and disposal. He holds a PhD in Environmental Law from the University of Bucharest and an LLM in Banking and Financial Regulation from University College London, and teaches international transactions law at the Bucharest Academy of Economic Studies.

English, French, Italian, Spanish
Linkedin-in Envelope

Simina Negulescu

Membership
  • New-York Bar Association
  • Bucharest Bar Association
Simina is an experienced lawyer recognized for her expertise in corporate law, venture capital and cross border deals, regulatory compliance, and complex litigation having a focus on the technology sector. With over a decade of experience as lawyer, she has established herself as a trusted advisor to both startups and established corporations, particularly in the fast-paced IT industry, which has been her main area of practice for the past nine years. Her advice is highly sought on commercial and corporate affairs, where she excels in providing comprehensive legal strategy tailored to her client's unique needs. Simina guided tech companies through crucial milestones, from incorporation to complex cross-border business expansions and group consolidations. She has worked on corporate structuring that ensure compliance and foster growth and innovation. Additionally, Simina has acted for her clients in complex litigations. Her clients appreciate her can-do attitude, meticulous preparation and astute strategic plans for commercial disputes. Fluent in both Romanian and English, Simina is well-prepared to serve clients in Romania and internationally highly complex matters in the tech space.
Her areas of practice cover:
  • Corporate
  • Venture capital
  • Cross border deals
  • Regulatory compliance
  • litigation
Education
  • LL.B in Law, Babeș-Bolyai University, Cluj, Law Faculty (2012)
English, French, Italian, Spanish
Linkedin-in Envelope

Daniil Turturoiu

Membership
  • New-York Bar Association
  • Bucharest Bar Association
Daniil is a Paralegal with a Bachelor's degree from the University of Paris Nanterre and a Master's degree in International and European Business Law from Pantheon-Sorbonne University. Known for his quick adaptability and penchant for creative problem-solving, Daniil brings a wealth of international experience to the table, allowing him to approach legal matters from multiple perspectives. With a keen interest in the intersection of business and technology, he views it as a recipe for success. Fluent in Romanian, English, and French, with a good understanding of Italian, Daniil navigates legal complexities with ease across linguistic boundaries.
His areas of practice cover:
  • Corporate and M&A
  • Legal technology
  • Blockchain & Digital Assets
  • Regulatory compliance
Education
  • LL.B, Université Paris Nanterre
  • LL.M, Université Paris 1 Panthéon Sorbonne - Droit européen et international des affaires”
English, French, Italian, Spanish
Linkedin-in Envelope

Ștefan Gheorghe

Membership
  • Bucharest Bar Association
Stefan is a dedicated and passionate young lawyer with a keen commitment to legal excellence. Actively involved in corporate law and litigation, Stefan demonstrates a remarkable balance of enthusiasm and diligence in his work. Despite his relative youth, Stefan brings a fresh perspective to the table and demonstrates a deep understanding of legal complexities. His consistent dedication to provide top solutions for his clients is matched only by his proactive approach to problem solving and his willingness to exceed expectations.
His areas of practice cover:
  • Corporate and M&A
  • Legal technology
  • Regulatory compliance
  • litigation
Education
  • LL. B in Law, University of Bucharest, Faculty of Law (2023)
English, Romanian
Linkedin-in Envelope

Iulian Călinescu

Membership
  • Bucharest Bar Association
Iulian is a young, passionate legal professional whose expertise centers around dispute resolution, business litigation, commercial law, administrative law, and European law. Iulian embodies a calm resolve in the face of adversity, navigating legal challenges with poise and precision. Their passion for litigation is tempered by a sober understanding of its complexities, as they strive to uphold justice with dignity and humility. Iulian believes that patience, hard work, and a deep understanding of legal principles are essential in achieving favorable outcomes for their clients. Whether representing individuals or businesses, Iulian approaches every legal matter with a sense of purpose and professionalism.
His areas of practice cover:
  • Dispute resolution
  • Commercial law
  • Business litigation
  • Adminsitrative law
  • European law
Education
  • LL.B in Law, „Alexandru Ioan Cuza” University of Iași, Law Faculty, 2020.
  • LLM in Business Law, „Alexandru Ioan Cuza” University of Iași, Law Faculty, 2021