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Tuca Zbarcea & Asociatii to set up its own insolvency unit Tuca Zbarcea & Asociatii set up TZA Insolventa SPRL, an entity which is to manage the liquidation and insolvency projects of the law firm. The new professional limited liability company was registered with the National Union of Insolvency Practitioners of Romania on January 23, the current year. “Ever since the year 2008, we have intended to create a distinct entity to manage our current and future projects of reorganizations, liquidation and insolvency. Already benefiting from a well-developed practice and a close-knit team, our purpose was to increase visibility of our practitioners on this market, by also drawing a distinction between Tuca Zbarcea & Asociatii – the law firm and TZA Insolventa SPRL – the insolvency company”, mentioned Gabriel Zbarcea, Managing Partner of Tuca Zbarcea & Asociatii. The new entity will operate, in a first stage, with a team of 7 insolvency practitioners, being coordinated by Robert Rosu, Partner of the Litigation and Arbitration department of Tuca Zbarcea & Asociatii. Tuca Zbarcea & Asociatii set up TZA Insolventa SPRL, an entity which is to manage the liquidation and insolvency projects of the law firm. The new professional limited liability company was registered with the National Union of Insolvency Practitioners of Romania on January 23, the current year. “Ever since the year 2008, we have intended to create a distinct entity to manage our current and future projects of reorganizations, liquidation and insolvency. Already benefiting from a well-developed practice and a close-knit team, our purpose was to increase visibility of our practitioners on this market, by also drawing a distinction between Tuca Zbarcea & Asociatii – the law firm and TZA Insolventa SPRL – the insolvency company”, mentioned Gabriel Zbarcea, Managing Partner of Tuca Zbarcea & Asociatii. The new entity will operate, in a first stage, with a team of 7 insolvency practitioners, being coordinated by Robert Rosu, Partner of the Litigation and Arbitration department of Tuca Zbarcea & Asociatii. “The establishment of the insolvency company is a natural answer to the convulsions generated by the current economic and financial crisis. During the last months, the number of requests for specialized services, both as regards the opening of insolvency proceedings against various debtors, but also for challenging judgments issued by the Romanian courts, has almost doubled”, declared Robert Rosu, the coordinator of TZA Insolventa SPRL and a Partner in the Litigation and Arbitration department of Tuca Zbarcea & Asociatii. The representatives of Tuca Zbarcea & Asociatii deem that the number of insolvency cases pending before the syndic judge will continue to rise during the next period, against the background of a dramatic lack of liquidities, delays in the collection of invoices, decrease in the companies’ volume of operations or even a financial block of companies’ main business partners. According to Robert Rosu, in order to turn an insolvency case into a successful reorganization, leading to the reintegration of the debtor in its field of activity, the assistance of insolvency specialists and teams of professionals, consisting of lawyers, economists, managers, is required. “We will cooperate directly with the lawyers of Tuca Zbarcea & Asociatii, creating a mixed team of specialists to cover the entire range of services in the insolvency proceedings, voluntary liquidation and insolvency prevention”, mentioned Robert Rosu. The setting up of TZA Insolventa SPRL is part of the company’s medium-term development strategy and of a wide range of measures envisaging the promotion of tailored services for companies in difficulty. “We approved an “anti-crisis” program in order to meet the needs of our clients with specific solutions for the prevention and fighting of crisis effects, be it issues related to payment incapacity, debt recovery, staff restructuring, finance raising or re-negotiation of commercial agreements”, outlined Gabriel Zbarcea, Managing Partner of Tuca Zbarcea & Asociatii.
February 9, 2009
Ţuca Zbârcea & Asociaţii to set up its own insolvency unit
Ţuca Zbârcea & Asociaţii set up TZA Insolvenţă SPRL, an entity which is to manage the liquidation and insolvency projects of the law firm. The new professional limited liability company was registered with the National Union of Insolvency Practitioners of Romania on January 23, the current year.

“Ever since the year 2008, we have intended to create a distinct entity to manage our current and future projects of reorganizations, liquidation and insolvency. Already benefiting from a well-developed practice and a close-knit team, our purpose was to increase visibility of our practitioners on this market, by also drawing a distinction between Ţuca Zbârcea & Asociaţii – the law firm and TZA Insolvenţă SPRL – the insolvency company”
, mentioned Gabriel Zbârcea, Managing Partner of Ţuca Zbârcea & Asociaţii.

The new entity will operate, in a first stage, with a team of 7 insolvency practitioners, being coordinated by Robert Roşu, Partner of the Litigation and Arbitration department of Ţuca Zbârcea & Asociaţii. [+]

Ţuca Zbârcea & Asociaţii set up TZA Insolvenţă SPRL, an entity which is to manage the liquidation and insolvency projects of the law firm. The new professional limited liability company was registered with the National Union of Insolvency Practitioners of Romania on January 23, the current year.

“Ever since the year 2008, we have intended to create a distinct entity to manage our current and future projects of reorganizations, liquidation and insolvency. Already benefiting from a well-developed practice and a close-knit team, our purpose was to increase visibility of our practitioners on this market, by also drawing a distinction between Ţuca Zbârcea & Asociaţii – the law firm and TZA Insolvenţă SPRL – the insolvency company”
, mentioned Gabriel Zbârcea, Managing Partner of Ţuca Zbârcea & Asociaţii.

The new entity will operate, in a first stage, with a team of 7 insolvency practitioners, being coordinated by Robert Roşu, Partner of the Litigation and Arbitration department of Ţuca Zbârcea & Asociaţii.

“The establishment of the insolvency company is a natural answer to the convulsions generated by the current economic and financial crisis. During the last months, the number of requests for specialized services, both as regards the opening of insolvency proceedings against various debtors, but also for challenging judgments issued by the Romanian courts, has almost doubled”, declared Robert Roşu, the coordinator of TZA Insolvenţă SPRL and a Partner in the Litigation and Arbitration department of Ţuca Zbârcea & Asociaţii.

The representatives of Ţuca Zbârcea & Asociaţii deem that the number of insolvency cases pending before the syndic judge will continue to rise during the next period, against the background of a dramatic lack of liquidities, delays in the collection of invoices, decrease in the companies’ volume of operations or even a financial block of companies’ main business partners.

According to Robert Roşu, in order to turn an insolvency case into a successful reorganization, leading to the reintegration of the debtor in its field of activity, the assistance of insolvency specialists and teams of professionals, consisting of lawyers, economists, managers, is required. “We will cooperate directly with the lawyers of Ţuca Zbârcea & Asociaţii, creating a mixed team of specialists to cover the entire range of services in the insolvency proceedings, voluntary liquidation and insolvency prevention”, mentioned Robert Roşu.

The setting up of TZA Insolvenţă SPRL is part of the company’s medium-term development strategy and of a wide range of measures envisaging the promotion of tailored services for companies in difficulty. “We approved an “anti-crisis” program in order to meet the needs of our clients with specific solutions for the prevention and fighting of crisis effects, be it issues related to payment incapacity, debt recovery, staff restructuring, finance raising or re-negotiation of commercial agreements”, outlined Gabriel Zbârcea, Managing Partner of Ţuca Zbârcea & Asociaţii. 

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Thomson Reuters: Tuca Zbarcea & Asociatii ranks 1st in the „2008 Romanian Legal M&A Advisory League Tables” Media giant Thomson Reuters has recently released the rankings of the law firms involvement within the M&A market during 2008. Tuca Zbarcea & Asociatii was ranked 1st in the latest Thomson Reuters’ „2008 Romanian Legal M&A Advisory League Tables”. Thomson Reuters produces rankings according to many various criteria. The eligibility for inclusion is assessed depending on the value of the transaction on announcement, the type of the transaction and the completion status. For example, the real estate deals with a value of less than $100 million, the land deals, the targets which are yet to become operational are not included in the database. Media giant Thomson Reuters has recently released the rankings of the law firms involvement within the M&A market during 2008. Tuca Zbarcea & Asociatii was ranked 1st in the latest Thomson Reuters’ „2008 Romanian Legal M&A Advisory League Tables”. Thomson Reuters produces rankings according to many various criteria. The eligibility for inclusion is assessed depending on the value of the transaction on announcement, the type of the transaction and the completion status. For example, the real estate deals with a value of less than $100 million, the land deals, the targets which are yet to become operational are not included in the database. Considering all of the above, Tuca Zbarcea & Asociatii has been credited with 6 completed deals with a rank value of $665.46 million. Another 9 deals with an aggregate value of $596.60 million which were announced last year are in various stages of completion. „The world's largest international multimedia news agency reconfirmed the top position of Tuca Zbarcea & Asociatii on the M&A market. Given the reputation of Thomson Reuters, the performance of our M&A team is simply remarkable, especially in the context of a distressed M&A market”, stated Florentin Tuca, Managing Partner with Tuca Zbarcea & Asociatii. With a team of 83 lawyers including 16 partners, Tuca Zbarcea & Asociatii closed transactions worth more than $3.5 billion in 2008, being recognized as one of the most active transactional law firm in the market. Our expertise in Mergers & Acquisitions/Privatisation received impressive recommendations from IFLR 1000, Legal 500, Chambers & Partners and PLC: Tuca Zbarcea & Asociatii`s M&A practice is ranked first by the 2007 and 2008 editions of IFLR 1000. Our firm is acknowledged for “the high quality of its mergers and acquisitions work” and for its “range of impressive M&A mandates”. The 2008 edition of Chambers Global ranks top our practice in the M&A field, with commentators describing our lawyers as “proactive and helpful, a tested team with a long-shared experience.” According to the 2007 edition of the European Legal 500, “the firm understands clients` needs and adapts its advice accordingly”. Our lawyers have been roundly praised by both peers and commentators for being “flexible”, “knowledgeable and reliable”. Our lawyers are highly regarded for their impressive “ability to innovate” and “commercial awareness”, according to the Chambers Europe 2007 edition. PLC-Which Lawyer highly recommends Tuca Zbarcea & Asociatii in M&A area of practice. Furthermore, according to the Financial Times, Tuca Zbarcea & Asociatii is one of the most innovative law firms in Europe and was ranked 3rd in the Continental European Law Firms Table ("Financial Times Innovative Lawyers Report 2008").
February 1, 2009
Thomson Reuters: Ţuca Zbârcea & Asociaţii ranks 1st in the „2008 Romanian Legal M&A Advisory League Tables”

Media giant Thomson Reuters has recently released the rankings of the law firms involvement within the M&A market during 2008.

Ţuca Zbârcea & Asociaţii was ranked 1st in the latest Thomson Reuters’ „2008 Romanian Legal M&A Advisory League Tables”.

Thomson Reuters produces rankings according to many various criteria. The eligibility for inclusion is assessed depending on the value of the transaction on announcement, the type of the transaction and the completion status. For example, the real estate deals with a value of less than $100 million, the land deals, the targets which are yet to become operational are not included in the database. [+]

Media giant Thomson Reuters has recently released the rankings of the law firms involvement within the M&A market during 2008.

Ţuca Zbârcea & Asociaţii was ranked 1st in the latest Thomson Reuters’ „2008 Romanian Legal M&A Advisory League Tables”.

Thomson Reuters produces rankings according to many various criteria. The eligibility for inclusion is assessed depending on the value of the transaction on announcement, the type of the transaction and the completion status. For example, the real estate deals with a value of less than $100 million, the land deals, the targets which are yet to become operational are not included in the database.

Considering all of the above, Ţuca Zbârcea & Asociaţii has been credited with 6 completed deals with a rank value of $665.46 million. Another 9 deals with an aggregate value of $596.60 million which were announced last year are in various stages of completion.

„The world's largest international multimedia news agency reconfirmed the top position of Ţuca Zbârcea & Asociaţii on the M&A market. Given the reputation of Thomson Reuters, the performance of our M&A team is simply remarkable, especially in the context of a distressed M&A market”, stated Florentin Ţuca, Managing Partner with Ţuca Zbârcea & Asociaţii.

With a team of 83 lawyers including 16 partners, Ţuca Zbârcea & Asociaţii closed transactions worth more than $3.5 billion in 2008, being recognized as one of the most active transactional law firm in the market.

Our expertise in Mergers & Acquisitions/Privatisation received impressive recommendations from IFLR 1000, Legal 500, Chambers & Partners and PLC:

  • Ţuca Zbârcea & Asociaţii`s M&A practice is ranked first by the 2007 and 2008 editions of IFLR 1000. Our firm is acknowledged for “the high quality of its mergers and acquisitions work” and for its “range of impressive M&A mandates”.
  • The 2008 edition of Chambers Global ranks top our practice in the M&A field, with commentators describing our lawyers as “proactive and helpful, a tested team with a long-shared experience.”
  • According to the 2007 edition of the European Legal 500, “the firm understands clients` needs and adapts its advice accordingly”. Our lawyers have been roundly praised by both peers and commentators for being “flexible”, “knowledgeable and reliable”.
  • Our lawyers are highly regarded for their impressive “ability to innovate” and “commercial awareness”, according to the Chambers Europe 2007 edition.
  • PLC-Which Lawyer highly recommends Ţuca Zbârcea & Asociaţii in M&A area of practice.

Furthermore, according to the Financial Times, Ţuca Zbârcea & Asociaţii is one of the most innovative law firms in Europe and was ranked 3rd in the Continental European Law Firms Table ("Financial Times Innovative Lawyers Report 2008").

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