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Tuca Zbarcea & Asociatii contributed to the launching of a multijurisdictional GDPR study, marking a first for the Romanian market Tuca Zbarcea & Asociatii used a webcast conferencing solution linking London to Bucharest in order to share the findings of a unique study conducted across Europe by the British law firm – DAC Beachcroft. The study was launched on the occasion of the conference “General Data Protection Regulation. In block-startups!” that took place on November 9th in Bucharest. Tuca Zbarcea & Asociatii used a webcast conferencing solution linking London to Bucharest in order to share the findings of a unique study conducted across Europe by the British law firm – DAC Beachcroft. The study was launched on the occasion of the conference “General Data Protection Regulation. In block-startups!” that took place on November 9th in Bucharest. Tuca Zbarcea & Asociatii and its conference partners Oracle Romania and Logika IT Solutions hosted an event dedicated to the compliance challenges of the GDPR. The “General Data Protection Regulation. In block-startups!” conference gathered more than 200 representatives of various financial and banking institutions, and companies active in industries such as tobacco, pharmaceuticals and medical services, telecommunications, IT&C, electronics and home appliances, gaming, energy, steel, real estate, HR, advertising, etc. The conference reviewed the main elements of novelty that will be introduced as of May 25th, 2018, by Regulation No. 679/2016 (GDPR), bringing into discussion the legal and technical tools used to comply with the new requirements. The event featured a diverse speaker lineup from the National Supervisory Authority for Personal Data Processing Supervision (ANSPDCP) - Oana Luisa DUMITRU, Head of International Relations Office and Adina DIACONESCU, Head of Operator Registration Service, as well as specialists in the data privacy field from Tuca Zbarcea & Asociatii, with a team composed of Gabriel ZBARCEA, Managing Partner; Horia ISPAS, Partner; Bogdan HALCU, Managing Associate; Ciprian TIMOFTE, Managing Associate; Sergiu CRETU, Senior Associate. They were joined by teams from Oracle Romania and Logika IT Solutions, consisting of Sorin MINDRUTESCU, Country Leader and Silviu TEODORU, Technical Customer Adviser, as well as Adrian SORA, Senior Enterprise Architect. Lecturers addressed topics such as data security, GDPR consent, Data Protection Officer (DPO), Data Protection Impact Assessment (DPIA). Last but not least, as the process of complying with GDPR regulations covers more functional and technical areas and involves an adjustment of the company's current processes, the experts presented an extremely popular interactive case study. Thus, starting from a company's current situation, they simulated the steps of the changes brought by GDPR, analysing the legal, business and IT implications, as well as the software tools which can automate these processes. In his opening speech at the event, Gabriel ZBARCEA, Managing Partner at Tuca Zbarcea & Asociatii said: “The adoption of Regulation No. 679/2016 on the protection of personal data represents a milestone in the field of data protection and it will have a huge impact on personal data operators. Making it all the more interesting, it concerns issues like large data processing, metadata, profiling or other very sensitive matters, such as a possible conflict between the right to data privacy and the security regulations”. In addition, for the first time in Romania, a study carried out by the British law firm - DAC Beachcroft LLP on the subject of “Personal Data: the new oil and its toxic legacy under the General Data Protection Regulation” was presented live from London using a web conferencing solution. The report covers all 28 Member States and highlights the risks and potential liabilities facing data processors and controllers from these jurisdictions (financial sanctions, rights of compensation and group litigation mechanisms) after the entry into force of the GDPR. Among other findings, the report shows that over 80% of countries expect compensation claims for data protection breaches to increase from May 2018. For the Romanian jurisdiction, contributors to the report were Catalin BAICULESCU, Partner and Sergiu CRETU, Senior Associate at Tuca Zbarcea & Asociatii. “General Data Protection Regulation. In block-start-up!” is part of a series of traditional events run by Tuca Zbarcea & Asociatii on topics of general interest, such as the Civil Code, the Civil Procedural Code, Public Procurement Law, the giving in payment law or various fiscal issues. Media Partners: News.ro and Profit.ro, Juridice.ro and Societatea de Stiinte Juridice, C.H. Beck. The DAC Beachcroft study can be downloaded free of charge here: /articles/
November 20, 2017
Țuca Zbârcea & Asociații contributed to the launching of a multijurisdictional GDPR study, marking a first for the Romanian market
Țuca Zbârcea & Asociații used a webcast conferencing solution linking London to Bucharest in order to share the findings of a unique study conducted across Europe by the British law firm – DAC Beachcroft. The study was launched on the occasion of the conference “General Data Protection Regulation. In block-startups!” that took place on November 9th in Bucharest. [+]

Țuca Zbârcea & Asociații used a webcast conferencing solution linking London to Bucharest in order to share the findings of a unique study conducted across Europe by the British law firm – DAC Beachcroft. The study was launched on the occasion of the conference “General Data Protection Regulation. In block-startups!” that took place on November 9th in Bucharest.

Țuca Zbârcea & Asociații and its conference partners Oracle Romania and Logika IT Solutions hosted an event dedicated to the compliance challenges of the GDPR. The “General Data Protection Regulation. In block-startups!” conference gathered more than 200 representatives of various financial and banking institutions, and companies active in industries such as tobacco, pharmaceuticals and medical services, telecommunications, IT&C, electronics and home appliances, gaming, energy, steel, real estate, HR, advertising, etc.

The conference reviewed the main elements of novelty that will be introduced as of May 25th, 2018, by Regulation No. 679/2016 (GDPR), bringing into discussion the legal and technical tools used to comply with the new requirements.
The event featured a diverse speaker lineup from the National Supervisory Authority for Personal Data Processing Supervision (ANSPDCP) - Oana Luisa DUMITRU, Head of International Relations Office and Adina DIACONESCU, Head of Operator Registration Service, as well as specialists in the data privacy field from Țuca Zbârcea & Asociații, with a team composed of Gabriel ZBÂRCEA, Managing Partner; Horia ISPAS, Partner; Bogdan HALCU, Managing Associate; Ciprian TIMOFTE, Managing Associate; Sergiu CREȚU, Senior Associate.

They were joined by teams from Oracle Romania and Logika IT Solutions, consisting of Sorin MÎNDRUȚESCU, Country Leader and Silviu TEODORU, Technical Customer Adviser, as well as Adrian SORA, Senior Enterprise Architect.
Lecturers addressed topics such as data security, GDPR consent, Data Protection Officer (DPO), Data Protection Impact Assessment (DPIA). Last but not least, as the process of complying with GDPR regulations covers more functional and technical areas and involves an adjustment of the company's current processes, the experts presented an extremely popular interactive case study. Thus, starting from a company's current situation, they simulated the steps of the changes brought by GDPR, analysing the legal, business and IT implications, as well as the software tools which can automate these processes.

In his opening speech at the event, Gabriel ZBÂRCEA, Managing Partner at Țuca Zbârcea & Asociații said: “The adoption of Regulation No. 679/2016 on the protection of personal data represents a milestone in the field of data protection and it will have a huge impact on personal data operators. Making it all the more interesting, it concerns issues like large data processing, metadata, profiling or other very sensitive matters, such as a possible conflict between the right to data privacy and the security regulations”.

In addition, for the first time in Romania, a study carried out by the British law firm - DAC Beachcroft LLP on the subject of “Personal Data: the new oil and its toxic legacy under the General Data Protection Regulation” was presented live from London using a web conferencing solution. The report covers all 28 Member States and highlights the risks and potential liabilities facing data processors and controllers from these jurisdictions (financial sanctions, rights of compensation and group litigation mechanisms) after the entry into force of the GDPR. Among other findings, the report shows that over 80% of countries expect compensation claims for data protection breaches to increase from May 2018. For the Romanian jurisdiction, contributors to the report were Cătălin BĂICULESCU, Partner and Sergiu CREȚU, Senior Associate at Țuca Zbârcea & Asociații.

“General Data Protection Regulation. In block-start-up!” is part of a series of traditional events run by Țuca Zbârcea & Asociații on topics of general interest, such as the Civil Code, the Civil Procedural Code, Public Procurement Law, the giving in payment law or various fiscal issues.

Media Partners: News.ro and Profit.ro, Juridice.ro and Societatea de Științe Juridice, C.H. Beck.
The DAC Beachcroft study can be downloaded free of charge here: /articles/

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Tuca Zbarcea & Asociatii launches “Better Business in Romania 2017”, a user-friendly legislative guide Tuca Zbarcea & Asociatii has launched the 2017 edition of the "Better Business in Romania" publication during Trade Winds 2017 - Southeast Europe Business Forum and Trade Mission, the largest annual U.S. Government-led trade mission. The event was held on 18-20 October in Bucharest. Tuca Zbarcea & Asociatii has launched the 2017 edition of the "Better Business in Romania" publication during Trade Winds 2017 - Southeast Europe Business Forum and Trade Mission, the largest annual U.S. Government-led trade mission. The event was held on 18-20 October in Bucharest. Edited by a team of over 30 lawyers, "Better Business in Romania" compiles important pieces of information regarding the legislative climate applicable to investments in various areas of interest, starting from corporate and commercial law (aspects concerning the setting-up, management, acquisition, merger, and dissolution of a company), environmental law, finance and banking, real estate, creditor and debtor disputes, employment, capital market, public procurement and concessions, competition law, intellectual property, consumer rights and product liability, energy, pharmaceuticals, insolvency, as well as criminal law and taxation. "Better Business in Romania" is made to offer foreign investors looking for investment opportunities in Romania a preliminary account of the legal framework in Romania. The information and opinions herein should not be treated as a comprehensive study and should not be construed or used as substitute for specific legal advice. The guide is available for free download on Tuca Zbarcea & Asociatii’s website.
October 30, 2017
Țuca Zbârcea & Asociații launches “Better Business in Romania 2017”, a user-friendly legislative guide
Țuca Zbârcea & Asociații has launched the 2017 edition of the "Better Business in Romania" publication during Trade Winds 2017 - Southeast Europe Business Forum and Trade Mission, the largest annual U.S. Government-led trade mission. The event was held on 18-20 October in Bucharest. [+]

Țuca Zbârcea & Asociații has launched the 2017 edition of the "Better Business in Romania" publication during Trade Winds 2017 - Southeast Europe Business Forum and Trade Mission, the largest annual U.S. Government-led trade mission. The event was held on 18-20 October in Bucharest.

Edited by a team of over 30 lawyers, "Better Business in Romania" compiles important pieces of information regarding the legislative climate applicable to investments in various areas of interest, starting from corporate and commercial law (aspects concerning the setting-up, management, acquisition, merger, and dissolution of a company), environmental law, finance and banking, real estate, creditor and debtor disputes, employment, capital market, public procurement and concessions, competition law, intellectual property, consumer rights and product liability, energy, pharmaceuticals, insolvency, as well as criminal law and taxation.

"Better Business in Romania" is made to offer foreign investors looking for investment opportunities in Romania a preliminary account of the legal framework in Romania. The information and opinions herein should not be treated as a comprehensive study and should not be construed or used as substitute for specific legal advice.

The guide is available for free download on Țuca Zbârcea & Asociații’s website.

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Tuca Zbarcea & Asociatii secures top spot in IFLR 1000 yet again Tuca Zbarcea & Asociatii sets the seals on top rankings in the most recent edition of IFLR 1000 released in London, for yet another year. The firm achieved tier one rankings in all four areas of practice undergoing research this year: Banking and finance, Capital Markets, Mergers & Acquisitions, and Project Development. Moreover, 13 lawyers at the firm were praised for their professional activity. Tuca Zbarcea & Asociatii sets the seals on top rankings in the most recent edition of IFLR 1000 released in London, for yet another year. Tuca Zbarcea & Asociatii reconfirms its top-notch position in the financial and corporate market, according to the latest rankings of IFLR 1000. The firm achieved tier one rankings in all four areas of practice undergoing research this year: Banking and finance, Capital Markets, Mergers & Acquisitions, and Project Development. Moreover, 13 lawyers at the firm were praised for their professional activity. IFLR1000 is the guide to the world's leading financial and corporate law firms and lawyers. Their first rankings were published in 1990 and they currently research over 120 jurisdictions worldwide. For further details please also refer to: https://www.iflr1000.com/Jurisdiction/Romania/Rankings/196#rankings.
October 13, 2017
Țuca Zbârcea & Asociații secures top spot in IFLR 1000 yet again
Țuca Zbârcea & Asociații sets the seals on top rankings in the most recent edition of IFLR 1000 released in London, for yet another year. The firm achieved tier one rankings in all four areas of practice undergoing research this year: Banking and finance, Capital Markets, Mergers & Acquisitions, and Project Development. Moreover, 13 lawyers at the firm were praised for their professional activity. [+]

Țuca Zbârcea & Asociații sets the seals on top rankings in the most recent edition of IFLR 1000 released in London, for yet another year.

Țuca Zbârcea & Asociații reconfirms its top-notch position in the financial and corporate market, according to the latest rankings of IFLR 1000. The firm achieved tier one rankings in all four areas of practice undergoing research this year: Banking and finance, Capital Markets, Mergers & Acquisitions, and Project Development. Moreover, 13 lawyers at the firm were praised for their professional activity.

IFLR1000 is the guide to the world's leading financial and corporate law firms and lawyers. Their first rankings were published in 1990 and they currently research over 120 jurisdictions worldwide.

For further details please also refer to: https://www.iflr1000.com/Jurisdiction/Romania/Rankings/196#rankings.

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Tuca Zbarcea & Asociatii acts on Smithfield Foods-Elit Cugir deal in Romania The news was published by Reuters - https://uk.reuters.com/article/uk-wh-group-romania-acquisitions/chinas-wh-group-to-buy-romanian-meat-producers-in-europe-push-idUKKCN1C1022 Romanian independent law firm Tuca Zbarcea & Asociatii acted for a local company, Elit Cugir, as regards the sale of a 100 percent stake in two Romanian packaged meats manufacturers, Elit SRL and Vericom SRL to Smithfield Foods Inc. Romanian independent law firm Tuca Zbarcea & Asociatii acted for a local company, Elit Cugir, as regards the sale of a 100 percent stake in two Romanian packaged meats manufacturers, Elit SRL and Vericom SRL to Smithfield Foods Inc. Smithfield Foods Inc is part of the world's largest pork supplier, WH Group Ltd, that seeks to expand its operations in Europe. Elit and Vericom operate three packaged meat facilities and five distribution centres. They have the combined resources to expand capacity to 45,000 metric tonnes of packaged meats a year, from around 25,000 metric tonnes now. Tuca Zbarcea & Asociatii has assisted the seller, with a team coordinated by Cornel Popa, Partner, alongside two other lawyers who played a significant role in the transaction, i.e., Ruxandra Frangeti, Senior Associate and Oana Todeila, Associate.
September 26, 2017
Țuca Zbârcea & Asociații acts on Smithfield Foods-Elit Cugir deal in Romania

The news was published by Reuters - https://uk.reuters.com/article/uk-wh-group-romania-acquisitions/chinas-wh-group-to-buy-romanian-meat-producers-in-europe-push-idUKKCN1C1022

Romanian independent law firm Țuca Zbârcea & Asociații acted for a local company, Elit Cugir, as regards the sale of a 100 percent stake in two Romanian packaged meats manufacturers, Elit SRL and Vericom SRL to Smithfield Foods Inc. [+]

Romanian independent law firm Țuca Zbârcea & Asociații acted for a local company, Elit Cugir, as regards the sale of a 100 percent stake in two Romanian packaged meats manufacturers, Elit SRL and Vericom SRL to Smithfield Foods Inc.

Smithfield Foods Inc is part of the world's largest pork supplier, WH Group Ltd, that seeks to expand its operations in Europe. Elit and Vericom operate three packaged meat facilities and five distribution centres. They have the combined resources to expand capacity to 45,000 metric tonnes of packaged meats a year, from around 25,000 metric tonnes now.

Țuca Zbârcea & Asociații has assisted the seller, with a team coordinated by Cornel Popa, Partner, alongside two other lawyers who played a significant role in the transaction, i.e., Ruxandra Frangeti, Senior Associate and Oana Todeilă, Associate.

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Tuca Zbarcea & Asociatii assists Fortuna Entertainment Group N.V. in closing of Romanian transaction The news was published by Fortuna Entertainment Group NV - http://www.fortunagroup.eu/public/69/13/8c/766626_1354266__2017_09_01_closing_Fortbet_final.pdf Tuca Zbarcea & Asociatii advised on various gambling regulatory aspects as well as on corporate, IP and insolvency laws matters relevant in the context of the client’s process to expand their operations in Romania through acquisitions of Bet Active Concept S.R.L., Bet Zone S.R.L., Public Slots S.R.L. and Slot Arena S.R.L. Fortuna Entertainment Group N.V., through Fortuna Romania, became one of the fastest growing gambling operator in Romania having expanded significantly in the recent years its bet shops network and having entered also on the online gambling and offline slots markets. Tuca Zbarcea & Asociatii advised on various gambling regulatory aspects as well as on corporate, IP and insolvency laws matters relevant in the context of the client’s process to expand their operations in Romania through acquisitions of Bet Active Concept S.R.L., Bet Zone S.R.L., Public Slots S.R.L. and Slot Arena S.R.L. The team of lawyers coordinated by Partner Cristian Radu has performed an in-depth legal due-diligence exercise and has assisted in the structuring of the transaction and, respectively, the drafting and negotiation of the transaction documents, as well as advising the client in connection with the closing procedures and the satisfaction of the commitments towards the financing banks.
September 6, 2017
Țuca Zbârcea & Asociații assists Fortuna Entertainment Group N.V. in closing of Romanian transaction

The news was published by Fortuna Entertainment Group NV - http://www.fortunagroup.eu/public/69/13/8c/766626_1354266__2017_09_01_closing_Fortbet_final.pdf

Țuca Zbârcea & Asociații advised on various gambling regulatory aspects as well as on corporate, IP and insolvency laws matters relevant in the context of the client’s process to expand their operations in Romania through acquisitions of Bet Active Concept S.R.L., Bet Zone S.R.L., Public Slots S.R.L. and Slot Arena S.R.L. [+]

Fortuna Entertainment Group N.V., through Fortuna Romania, became one of the fastest growing gambling operator in Romania having expanded significantly in the recent years its bet shops network and having entered also on the online gambling and offline slots markets.

Țuca Zbârcea & Asociații advised on various gambling regulatory aspects as well as on corporate, IP and insolvency laws matters relevant in the context of the client’s process to expand their operations in Romania through acquisitions of Bet Active Concept S.R.L., Bet Zone S.R.L., Public Slots S.R.L. and Slot Arena S.R.L.

The team of lawyers coordinated by Partner Cristian Radu has performed an in-depth legal due-diligence exercise and has assisted in the structuring of the transaction and, respectively, the drafting and negotiation of the transaction documents, as well as advising the client in connection with the closing procedures and the satisfaction of the commitments towards the financing banks.

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Tuca Zbarcea & Asociatii advised Czech pharmacy chain Dr. Max on entering the Romanian market The news was published by Ziarul Financiar - http://www.zf.ro/companii/liderul-pietei-farmaciilor-din-cehia-si-slovacia-intra-pe-piata-locala-printr-achizitia-lantului-farmaciilor-arta-16421486 Romanian law firm Tuca Zbarcea & Asociatii advised Czech pharmacy chain Dr. Max, owned by Penta Investments Group, with respect to the acquisition of Fastpharm SRL, Iezer Farm SRL, Panpharma Med SRL and York Farm SRL chains, that will be further rebranded and run under the name - “Dr. Max”. Romanian law firm Tuca Zbarcea & Asociatii advised Czech pharmacy chain Dr. Max, owned by Penta Investments Group, with respect to the acquisition of Fastpharm SRL, Iezer Farm SRL, Panpharma Med SRL and York Farm SRL chains, that will be further rebranded and run under the name - “Dr. Max”. Partner Cristian Radu, specialising in Corporate and M&A, together with Senior Associate Gabriel Ianculescu led the team of lawyers advising Dr. Max on entering the Romanian market. Dr. Max was established in 2004 and is a leading pharmacy chain in Central Europe. Dr. Max is wholly owned by Penta Investments, one of the largest Private Equity companies in Central Europe. Penta Investments, with assets under management of EUR 8.5 billion, is active on ten European markets and has been present in Romania since 2015, on the sports betting and gambling market. It holds Fortuna Entertainment, who recently acquired “Casa Pariurilor”, the second largest bet shops operator, with a network of over 700 outlets. Tuca Zbarcea & Asociatii’s team also acted on these deals.
June 8, 2017
Țuca Zbârcea & Asociații advised Czech pharmacy chain Dr. Max on entering the Romanian market

The news was published by Ziarul Financiar - http://www.zf.ro/companii/liderul-pietei-farmaciilor-din-cehia-si-slovacia-intra-pe-piata-locala-printr-achizitia-lantului-farmaciilor-arta-16421486

Romanian law firm Țuca Zbârcea & Asociații advised Czech pharmacy chain Dr. Max, owned by Penta Investments Group, with respect to the acquisition of Fastpharm SRL, Iezer Farm SRL, Panpharma Med SRL and York Farm SRL chains, that will be further rebranded and run under the name - “Dr. Max”. [+]

Romanian law firm Țuca Zbârcea & Asociații advised Czech pharmacy chain Dr. Max, owned by Penta Investments Group, with respect to the acquisition of Fastpharm SRL, Iezer Farm SRL, Panpharma Med SRL and York Farm SRL chains, that will be further rebranded and run under the name - “Dr. Max”.
   
Partner Cristian Radu, specialising in Corporate and M&A, together with Senior Associate Gabriel Ianculescu led the team of lawyers advising Dr. Max on entering the Romanian market.

Dr. Max was established in 2004 and is a leading pharmacy chain in Central Europe. Dr. Max is wholly owned by Penta Investments, one of the largest Private Equity companies in Central Europe.

Penta Investments, with assets under management of EUR 8.5 billion, is active on ten European markets and has been present in Romania since 2015, on the sports betting and gambling market. It holds Fortuna Entertainment, who recently acquired “Casa Pariurilor”, the second largest bet shops operator, with a network of over 700 outlets. Țuca Zbârcea & Asociații’s team also acted on these deals.

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Tuca Zbarcea and Asociatii advised Accel Partners in the funding transaction with UiPath This article was published by Outsourcing Today - http://www.outsourcing-today.ro/articol.php?id=7051 Recently, UiPath, the leading Robotic Process Automation (RPA) software company announced a Series A investment totaling 30 million US dollars led by Accel and with participation from previous investors Earlybird Venture Capital, Credo Ventures and Seedcamp. Investment fund Accel Partners has been advised by law firm Tuca Zbarcea&Asociatii in this transaction, being represented by lawyers Sorin Vladescu, Partner and Mihaela Nyerges, Managing Associate. Recently, UiPath, the leading Robotic Process Automation (RPA) software company announced a Series A investment totaling 30 million US dollars led by Accel and with participation from previous investors Earlybird Venture Capital, Credo Ventures and Seedcamp. The company representatives announced that the funding will be used to accelerate the company's rapid global expansion and product development, building on its six times growth in 2016. Investment fund Accel Partners has been advised by law firm Tuca Zbarcea&Asociatii in this transaction, being represented by lawyers Sorin Vladescu, Partner and Mihaela Nyerges, Managing Associate. Background information UiPath builds intelligent software robots that help businesses globally automate repetitive processes by leveraging cutting-edge computer vision technology. Large organizations across every industry spend a significant amount of time and resources performing such processes across HR, finance, accounting and operations (e.g. claims handling for insurance providers, employee onboarding, back office support etc). Digitizing these processes improves productivity, accuracy and compliance dramatically, allowing employees to focus on more creative and strategic work. UiPath will use this investment to boost hiring in order to keep up with rocketing demand for its products in North America, Western Europe, India, Japan and South East Asia. The funding will also support continued investment in product development and Artificial Intelligence capabilities, especially around its core computer vision technology. Additionally, the company will focus on cognitive capabilities enabling organizations to handle the vast amounts of structured and unstructured data required to deliver truly intelligent automation. UiPath has built strong momentum in a short period of time, growing to a team of 150 employees. It has over 150 partners including the major consultancies such as Deloitte and Capgemini, and 200 customers globally in industries ranging from banking, financial services and insurance through to manufacturing, utilities, healthcare and government. Many leading enterprises are among its customers, including blue chip companies such as Lufthansa, Generali, Telenor and Dong Energy. The company is well positioned to conquer the global RPA market, which is expected to reach $9B in size in the next seven years. UiPath has won top industry accolades for its technology, with the latest Forrester report on RPA identifying the company as a leader in the space, overtaking its competitors in technology performance. Everest Group also rated UiPath an ‘RPA Star Performer' for 2016 with regards to its market impact. This investment comes on the back of increasing funding activity for artificial intelligence startups. 2016 saw a record of $5B venture capital funds flowing into AI companies worldwide, an increase of 60% compared to 2015. "This investment will allow us to introduce the benefits of intelligent RPA to even more businesses around the world and remain at the forefront of a rapidly-advancing industry," comments Daniel Dines, CEO and founder of UiPath. "We are making work more inspiring and effective for the people that drive our businesses and economies forward, and the potential that remains untapped for organizations is what makes this such an exciting market to work in." "UiPath is the backbone for the intelligent enterprise," Luciana Lixandru, partner at Accel, comments. "Daniel's clear and ambitious vision for the company has helped drive impressive traction in a short period of time. Many enterprises around the world are recognizing how its RPA software can make their business smarter, and yet UiPath has only scratched the surface." "We invest in companies that impact the world around us, and UiPath falls firmly into that category," comments Dan Lupu, partner at Earlybird Venture Capital. "The rapid global growth that the business has achieved is evidence of the transformative nature of its technology. As a result, UiPath's RPA technology solutions are playing a vital role in putting businesses at the cutting edge of their industry, now and in the future." About UiPath UiPath is a leading RPA vendor providing a complete software platform to help organizations efficiently automate business processes. UIPath is a US-based company founded in Romania, with additional offices in the UK, India, Singapore and Japan. The company has 200 global customers (75 per cent of which register revenues exceeding 10 billion dollars) and over 150 partners across the globe.
May 3, 2017
Tuca Zbarcea and Asociatii advised Accel Partners in the funding transaction with UiPath

This article was published by Outsourcing Today - http://www.outsourcing-today.ro/articol.php?id=7051

Recently, UiPath, the leading Robotic Process Automation (RPA) software company announced a Series A investment totaling 30 million US dollars led by Accel and with participation from previous investors Earlybird Venture Capital, Credo Ventures and Seedcamp. Investment fund Accel Partners has been advised by law firm Țuca Zbarcea&Asociații in this transaction, being represented by lawyers Sorin Vladescu, Partner and Mihaela Nyerges, Managing Associate. [+]

Recently, UiPath, the leading Robotic Process Automation (RPA) software company announced a Series A investment totaling 30 million US dollars led by Accel and with participation from previous investors Earlybird Venture Capital, Credo Ventures and Seedcamp. 

The company representatives announced that the funding will be used to accelerate the company's rapid global expansion and product development, building on its six times growth in 2016.

Investment fund Accel Partners has been advised by law firm Țuca Zbarcea&Asociații in this transaction, being represented by lawyers Sorin Vladescu, Partner and Mihaela Nyerges, Managing Associate.

Background information

UiPath builds intelligent software robots that help businesses globally automate repetitive processes by leveraging cutting-edge computer vision technology. Large organizations across every industry spend a significant amount of time and resources performing such processes across HR, finance, accounting and operations (e.g. claims handling for insurance providers, employee onboarding, back office support etc). Digitizing these processes improves productivity, accuracy and compliance dramatically, allowing employees to focus on more creative and strategic work.

UiPath will use this investment to boost hiring in order to keep up with rocketing demand for its products in North America, Western Europe, India, Japan and South East Asia. The funding will also support continued investment in product development and Artificial Intelligence capabilities, especially around its core computer vision technology. Additionally, the company will focus on cognitive capabilities enabling organizations to handle the vast amounts of structured and unstructured data required to deliver truly intelligent automation.

UiPath has built strong momentum in a short period of time, growing to a team of 150 employees. It has over 150 partners including the major consultancies such as Deloitte and Capgemini, and 200 customers globally in industries ranging from banking, financial services and insurance through to manufacturing, utilities, healthcare and government. Many leading enterprises are among its customers, including blue chip companies such as Lufthansa, Generali, Telenor and Dong Energy. The company is well positioned to conquer the global RPA market, which is expected to reach $9B in size in the next seven years.

UiPath has won top industry accolades for its technology, with the latest Forrester report on RPA identifying the company as a leader in the space, overtaking its competitors in technology performance. Everest Group also rated UiPath an ‘RPA Star Performer' for 2016 with regards to its market impact.

This investment comes on the back of increasing funding activity for artificial intelligence startups. 2016 saw a record of $5B venture capital funds flowing into AI companies worldwide, an increase of 60% compared to 2015.

"This investment will allow us to introduce the benefits of intelligent RPA to even more businesses around the world and remain at the forefront of a rapidly-advancing industry," comments Daniel Dines, CEO and founder of UiPath. "We are making work more inspiring and effective for the people that drive our businesses and economies forward, and the potential that remains untapped for organizations is what makes this such an exciting market to work in."

"UiPath is the backbone for the intelligent enterprise," Luciana Lixandru, partner at Accel, comments. "Daniel's clear and ambitious vision for the company has helped drive impressive traction in a short period of time. Many enterprises around the world are recognizing how its RPA software can make their business smarter, and yet UiPath has only scratched the surface."

"We invest in companies that impact the world around us, and UiPath falls firmly into that category," comments Dan Lupu, partner at Earlybird Venture Capital. "The rapid global growth that the business has achieved is evidence of the transformative nature of its technology. As a result, UiPath's RPA technology solutions are playing a vital role in putting businesses at the cutting edge of their industry, now and in the future."

About UiPath

UiPath is a leading RPA vendor providing a complete software platform to help organizations efficiently automate business processes.

UIPath is a US-based company founded in Romania, with additional offices in the UK, India, Singapore and Japan. The company has 200 global customers (75 per cent of which register revenues exceeding 10 billion dollars) and over 150 partners across the globe.

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Legal 500 recommends Tuca Zbarcea & Asociatii in 11 areas of practice This year’s edition of the Legal 500 EMEA praised Tuca Zbarcea & Asociatii for its work in 11 areas of practice, thus it preserved its leading positions in the following areas: Commercial, Corporate and M&A; Dispute Resolution; Employment; Energy and Natural Resources; Intellectual Property; PPP and Procurement; Real Estate and Construction; Restructuring and Insolvency; TMT; and Tax. As such, Tuca Zbarcea & Asociatii ranks Tier 1 in the above-mentioned areas, while also gaining Tier 2 spots in White-Collar Crime, Gambling Law and Banking, Finance and Capital Markets. The Legal 500 EMEA guide, recently released in London, provides researched coverage of 81 countries and over 2,700 ranked law firms. Counting on a thorough research over individually assessed matters provided by law firm, as well as on the feedback of over 300,000 global clients, Legal 500 is a top-notch research tool, offering an impartial image upon world-wide leading law firms and lawyers in countries across the region. This year’s edition of the Legal 500 EMEA praised Tuca Zbarcea & Asociatii for its work in 11 areas of practice, thus it preserved its leading positions in the following areas: Commercial, Corporate and M&A; Dispute Resolution; Employment; Energy and Natural Resources; Intellectual Property; PPP and Procurement; Real Estate and Construction; Restructuring and Insolvency; TMT; and Tax. As such, Tuca Zbarcea & Asociatii ranks Tier 1 in the above-mentioned areas, while also gaining Tier 2 spots in White-Collar Crime, Gambling Law and Banking, Finance and Capital Markets. In over 28 years since the publication of its first edition, Legal 500 has become a benchmark in business law.
April 25, 2017
Legal 500 recommends Țuca Zbârcea & Asociații in 11 areas of practice
This year’s edition of the Legal 500 EMEA praised Țuca Zbârcea & Asociații for its work in 11 areas of practice, thus it preserved its leading positions in the following areas: Commercial, Corporate and M&A; Dispute Resolution; Employment; Energy and Natural Resources; Intellectual Property; PPP and Procurement; Real Estate and Construction; Restructuring and Insolvency; TMT; and Tax. As such, Țuca Zbârcea & Asociații ranks Tier 1 in the above-mentioned areas, while also gaining Tier 2 spots in White-Collar Crime, Gambling Law and Banking, Finance and Capital Markets. [+]

The Legal 500 EMEA guide, recently released in London, provides researched coverage of 81 countries and over 2,700 ranked law firms. Counting on a thorough research over individually assessed matters provided by law firm, as well as on the feedback of over 300,000 global clients, Legal 500 is a top-notch research tool, offering an impartial image upon world-wide leading law firms and lawyers in countries across the region.

This year’s edition of the Legal 500 EMEA praised Țuca Zbârcea & Asociații for its work in 11 areas of practice, thus it preserved its leading positions in the following areas: Commercial, Corporate and M&A; Dispute Resolution; Employment; Energy and Natural Resources; Intellectual Property; PPP and Procurement; Real Estate and Construction; Restructuring and Insolvency; TMT; and Tax. As such, Țuca Zbârcea & Asociații ranks Tier 1 in the above-mentioned areas, while also gaining Tier 2 spots in White-Collar Crime, Gambling Law and Banking, Finance and Capital Markets.

In over 28 years since the publication of its first edition, Legal 500 has become a benchmark in business law.

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Assisting the biggest electricity producer in the Czech Republic in relation to a EUR 460,000,000 financing of the development and operation of the largest onshore wind farm in Europe [...]
Assisting the biggest electricity producer in the Czech Republic in relation to a EUR 460,000,000 financing of the development and operation of the largest onshore wind farm in Europe
Successfully representing the largest property fund in CEE in several corporate disputes involving claims regarding distribution of dividends between shareholders [...]
Successfully representing the largest property fund in CEE in several corporate disputes involving claims regarding distribution of dividends between shareholders
Successful assistance of the number one integrated oil and gas group in Central Europe in the restructuring of the petrochemicals business carried out at Arpechim Piteşti and subsequent sale thereof [...]
Successful assistance of the number one integrated oil and gas group in Central Europe in the restructuring of the petrochemicals business carried out at Arpechim Pitesti and subsequent sale thereof


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