FDI Control

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Foreign Direct Investments

Foreign direct investments in Romania are subject to a dedicated screening process, aligned with the EU framework and designed to safeguard national security and strategic sectors, which means that deals involving non-EU investors often need approval before they can be finalized.

Our team advises clients throughout this process – from assessing whether a deal is notifiable, to preparing the filing and engaging with the competent authority, the Commission for the Examination of Foreign Direct Investments (CEISD) within the Romanian Competition Council. We combine legal expertise with a practical approach to help investors secure approvals efficiently and avoid compliance risks.

Key features

Key features of the Romanian regime include:

Authority

Transactions are reviewed by CEISD, operating within the Competition Council.

01

Scope

Applies to non-EU investors acquiring control or significant influence over companies active in sensitive areas such as energy, transport, communications, defence, or critical technologies.

02

Thresholds

Deals exceeding EUR 2 million in value generally fall under the notification requirement.

03

Standstill obligation

Notifiable transactions cannot be implemented before clearance is granted (suspensory effect).

04

With our guidance, clients gain clarity from the outset and confidence that their investment in Romania will proceed smoothly and in full compliance with the provisions of the law.

Frequently asked questions

We focus on competition law, merger control, and foreign direct investment (FDI) screening. In short, we help companies grow safely and strategically while staying compliant with competition and investment regulations.

Not necessarily. While we frequently assist international groups, we also advise Romanian companies seeking to align with competition law requirements or prepare for complex transactions.

Yes. We work with trusted partner firms across the EU and beyond for cases involving multi-jurisdictional filings, coordinated merger notifications, or cross-border investment reviews.

Both. Many of our clients involve us early, for compliance audits or internal training, to avoid risks before they arise. But we also represent companies during investigations and proceedings before authorities.

Yes. We design and deliver tailored training sessions for management and commercial teams to help them understand and apply competition law correctly in their daily activities.