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Tuca Zbarcea & Asociatii launches the 2019 edition of “Better Business in Romania” Tuca Zbarcea & Asociatii has launched the 2019 edition of the “Better Business in Romania”, a user-friendly legislative guide covering 17 areas of law. “Better Business in Romania” compiles important pieces of information regarding the legislative climate applicable to investments in various areas of interest. For the first time, a dedicated chapter on Personal Data Protection was added to the table of contents. Tuca Zbarcea & Asociatii has launched the 2019 edition of the “Better Business in Romania”, a user-friendly legislative guide covering 17 areas of law. “Better Business in Romania” compiles important pieces of information regarding the legislative climate applicable to investments in various areas of interest, starting from Corporate Law (aspects concerning the setting-up, management, acquisition, merger, and dissolution of a company), Real Estate, Creditor and Debtor Disputes, Employment, Public Contracts, Competition, Energy, Capital Market, Financial Institutions, Intellectual Property, Pharmaceuticals, Environmental law, Product Liability and Consumer Contracts, Insolvency, as well as Criminal Law and Taxation. For the first time, a dedicated chapter on Personal Data Protection was added to the table of contents. “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 - /better_business/
January 15, 2019
Țuca Zbârcea & Asociații launches the 2019 edition of “Better Business in Romania”

Țuca Zbârcea & Asociații has launched the 2019 edition of the “Better Business in Romania”, a user-friendly legislative guide covering 17 areas of law. “Better Business in Romania” compiles important pieces of information regarding the legislative climate applicable to investments in various areas of interest. For the first time, a dedicated chapter on Personal Data Protection was added to the table of contents. [+]

Țuca Zbârcea & Asociații has launched the 2019 edition of the “Better Business in Romania”, a user-friendly legislative guide covering 17 areas of law.

“Better Business in Romania” compiles important pieces of information regarding the legislative climate applicable to investments in various areas of interest, starting from Corporate Law (aspects concerning the setting-up, management, acquisition, merger, and dissolution of a company), Real Estate, Creditor and Debtor Disputes, Employment, Public Contracts, Competition, Energy, Capital Market, Financial Institutions, Intellectual Property, Pharmaceuticals, Environmental law, Product Liability and Consumer Contracts, Insolvency, as well as Criminal Law and Taxation.

For the first time, a dedicated chapter on Personal Data Protection was added to the table of contents.

“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 - /better_business/

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Tuca Zbarcea & Asociatii promotes 11 to various roles Tuca Zbarcea & Asociatii has promoted 11 lawyers to Managing Associate and Senior Associate roles as part of the annual performance review process. The appointments are effective as of January 1st, 2019. Most of the promotions were to a Managing Associate role – an elite group of the firm’s most senior lawyers standing significant promotion prospects to Partnership. Created in January 2008, this structure was devised, on the one hand, as a bridge between the team of partners and the rest of the firm, and, on the other hand, this team is, for the lawyers, a “waiting room” to partnership. Tuca Zbarcea & Asociatii has promoted 11 lawyers to Managing Associate and Senior Associate roles as part of the annual performance review process. The appointments are effective as of January 1st, 2019. Most of the promotions were to a Managing Associate role – an elite group of the firm’s most senior lawyers standing significant promotion prospects to Partnership. Created in January 2008, this structure was devised, on the one hand, as a bridge between the team of partners and the rest of the firm, and, on the other hand, this team is, for the lawyers, a “waiting room” to partnership. As such, Sergiu Cretu, Ruxandra Frangeti, Nisa Jecu, Iuliana Leon, Ruxandra Nita, Ancuta Pop, Ana Popa, Irina Raileanu and Raluca Sanucean (in alphabetical order) became Managing Associates while Sergiu Negreanu and Ana Parvu-Ratoi (in alphabetical order) were promoted to Senior Associate. The firm’s promotions took place in Banking & Finance, Litigation & Arbitration, Real Estate, Corporate/M&A, IP/Data Protection, Energy & Natural Resources, Public Procurement practice groups. According to the firm’s managing partner Florentin Tuca, 2018 saw no promotions to Partner level, however at least two Partner appointments are expected to take place this year.
January 14, 2019
Țuca Zbârcea & Asociații promotes 11 to various roles

Țuca Zbârcea & Asociații has promoted 11 lawyers to Managing Associate and Senior Associate roles as part of the annual performance review process. The appointments are effective as of January 1st, 2019.

Most of the promotions were to a Managing Associate role – an elite group of the firm’s most senior lawyers standing significant promotion prospects to Partnership. Created in January 2008, this structure was devised, on the one hand, as a bridge between the team of partners and the rest of the firm, and, on the other hand, this team is, for the lawyers, a “waiting room” to partnership. [+]

Țuca Zbârcea & Asociații has promoted 11 lawyers to Managing Associate and Senior Associate roles as part of the annual performance review process. The appointments are effective as of January 1st, 2019.

Most of the promotions were to a Managing Associate role – an elite group of the firm’s most senior lawyers standing significant promotion prospects to Partnership. Created in January 2008, this structure was devised, on the one hand, as a bridge between the team of partners and the rest of the firm, and, on the other hand, this team is, for the lawyers, a “waiting room” to partnership.

As such, Sergiu Crețu, Ruxandra Frangeti, Nisa Jecu, Iuliana Leon, Ruxandra Niță, Ancuța Pop, Ana Popa, Irina Răileanu and Raluca Sănucean (in alphabetical order) became Managing Associates while Sergiu Negreanu and Ana Pârvu-Rățoi (in alphabetical order) were promoted to Senior Associate.

The firm’s promotions took place in Banking & Finance, Litigation & Arbitration, Real Estate, Corporate/M&A, IP/Data Protection, Energy & Natural Resources, Public Procurement practice groups.

According to the firm’s managing partner Florentin Țuca, 2018 saw no promotions to Partner level, however at least two Partner appointments are expected to take place this year.

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Tuca Zbarcea & Asociatii manages to stay the execution of an ANAF order with an impact on the oil and gas industry On 30 October 2018, the Bucharest Court of Appeal handed down a first-instance judgment to stay the execution of Order No. 1960/06.08.2018 issued by the National Agency for Fiscal Administration (ANAF). According to such Order, as of 10 November 2018 the market players trading wholesale energy products (i.e., oil, diesel oil, kerosene, liquefied petroleum gas and biofuel) are now bound to hold storage areas. The legal team of Tuca Zbarcea & Asociatii represented a leading natural gas/oil company trading wholesale energy products. The legal team of Tuca Zbarcea & Asociatii represented a leading natural gas/oil company trading wholesale energy products. On 30 October 2018, the Bucharest Court of Appeal handed down a first-instance judgment to stay the execution of Order No. 1960/06.08.2018 issued by the National Agency for Fiscal Administration (ANAF). According to such Order, as of 10 November 2018 the market players trading wholesale energy products (i.e., oil, diesel oil, kerosene, liquefied petroleum gas and biofuel) are now bound to hold storage areas. Given the major impact - first of all economic - of the aforementioned Order, this ruling is very important for such natural gas/oil company and is enforceable de jure with immediate effect. According to ANAF Order No. 1960/2018, the wholesale of energy products can only be conducted under a certificate issued in accordance with the new requirements, which involves holding storage areas. The old certificates cease to be valid on 9 November 2018, i.e. after expiry of the 90-day term provided by the Order. The legal team of Tuca Zbarcea & Asociatii representing the client in court consisted of Christina Vladescu (Partner), Diana Agafitei (Managing Associate) and Radu Chiran (Associate).
November 26, 2018
Țuca Zbârcea & Asociații manages to stay the execution of an ANAF order with an impact on the oil and gas industry

On 30 October 2018, the Bucharest Court of Appeal handed down a first-instance judgment to stay the execution of Order No. 1960/06.08.2018 issued by the National Agency for Fiscal Administration (ANAF). According to such Order, as of 10 November 2018 the market players trading wholesale energy products (i.e., oil, diesel oil, kerosene, liquefied petroleum gas and biofuel) are now bound to hold storage areas. The legal team of Țuca Zbârcea & Asociații represented a leading natural gas/oil company trading wholesale energy products. [+]

The legal team of Țuca Zbârcea & Asociații represented a leading natural gas/oil company trading wholesale energy products.

On 30 October 2018, the Bucharest Court of Appeal handed down a first-instance judgment to stay the execution of Order No. 1960/06.08.2018 issued by the National Agency for Fiscal Administration (ANAF). According to such Order, as of 10 November 2018 the market players trading wholesale energy products (i.e., oil, diesel oil, kerosene, liquefied petroleum gas and biofuel) are now bound to hold storage areas.

Given the major impact - first of all economic - of the aforementioned Order, this ruling is very important for such natural gas/oil company and is enforceable de jure with immediate effect.

According to ANAF Order No. 1960/2018, the wholesale of energy products can only be conducted under a certificate issued in accordance with the new requirements, which involves holding storage areas. The old certificates cease to be valid on 9 November 2018, i.e. after expiry of the 90-day term provided by the Order.

The legal team of Țuca Zbârcea & Asociații representing the client in court consisted of Christina Vlădescu (Partner), Diana Agafiței (Managing Associate) and Radu Chiran (Associate).

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Tuca Zbarcea & Asociatii advised on a complex syndicated credit facility between MedLife and a syndicate of banks According to a press release issued by MedLife, the Company’s Board of Directors signed a syndicated credit facility with Banca Comerciala Romana, Raiffeisen Bank, BRD Groupe Societe Generale and Banca Transilvania for refinancing its existing facilities, extending the maturity of the loans, rearranging the related terms and conditions and raising new funds up to a total amount of EUR 66 million. Tuca Zbarcea & Asociatii advised the syndicate of banks on the deal, with Banking partner Mihai Dudoiu at the helm of a team that also included managing associate Catalin Georgescu and senior associate Sergiu Negreanu. According to a press release issued by MedLife, the Company’s Board of Directors signed a syndicated credit facility with Banca Comerciala Romana, Raiffeisen Bank, BRD Groupe Societe Generale and Banca Transilvania for refinancing its existing facilities, extending the maturity of the loans, rearranging the related terms and conditions and raising new funds up to a total amount of EUR 66 million. The additional credit facility of EUR 10 million will be a term facility and will be used by MedLife, along with the Company's own cash, for potential new acquisition opportunities arising on the market. Tuca Zbarcea & Asociatii advised the syndicate of banks on the deal, with Banking partner Mihai Dudoiu at the helm of a team that also included managing associate Catalin Georgescu and senior associate Sergiu Negreanu. MedLife is the largest private healthcare provider in Romania. (According to the information provided by http://www.bvb.ro/FinancialInstruments/SelectedData/NewsItem/M-Signing-of-syndicated-credit-facility/1948B)
November 6, 2018
Țuca Zbârcea & Asociații advised on a complex syndicated credit facility between MedLife and a syndicate of banks
According to a press release issued by MedLife, the Company’s Board of Directors signed a syndicated credit facility with Banca Comercială Română, Raiffeisen Bank, BRD Groupe Societe Generale and Banca Transilvania for refinancing its existing facilities, extending the maturity of the loans, rearranging the related terms and conditions and raising new funds up to a total amount of EUR 66 million. Țuca Zbârcea & Asociații advised the syndicate of banks on the deal, with Banking partner Mihai Dudoiu at the helm of a team that also included managing associate Cătălin Georgescu and senior associate Sergiu Negreanu. [+]

According to a press release issued by MedLife, the Company’s Board of Directors signed a syndicated credit facility with Banca Comercială Română, Raiffeisen Bank, BRD Groupe Societe Generale and Banca Transilvania for refinancing its existing facilities, extending the maturity of the loans, rearranging the related terms and conditions and raising new funds up to a total amount of EUR 66 million.

The additional credit facility of EUR 10 million will be a term facility and will be used by MedLife, along with the Company's own cash, for potential new acquisition opportunities arising on the market.

Țuca Zbârcea & Asociații advised the syndicate of banks on the deal, with Banking partner Mihai Dudoiu at the helm of a team that also included managing associate Cătălin Georgescu and senior associate Sergiu Negreanu.

MedLife is the largest private healthcare provider in Romania.

(According to the information provided by http://www.bvb.ro/FinancialInstruments/SelectedData/NewsItem/M-Signing-of-syndicated-credit-facility/1948B)

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Tuca Zbarcea & Asociatii secures top spot in IFLR 1000 yet again 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. 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/Rankings?id=196#ranking
November 2, 2018
Țuca Zbârcea & Asociații secures top spot in IFLR 1000 yet again

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.

top_tier_firm_Tuca_Zbarcea___Asociatii [+]

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/Rankings?id=196#ranking

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