Ţuca Zbârcea & Asociaţii has won three out of the 13 awards granted during the Lawyers’ Gala event organised by Ziarul Financiar on the 24th of May. The firm received the award for the 2010 top financial performer, along with two other recognitions of the firm’s achievements in completing the largest transactions in the agribusiness and online sectors.
With revenues of EUR 22.4 million, the firm has been acknowledged as the top financial performer in the Romanian legal market for the second year in a row.
It also won the award for the largest transaction in agribusiness and FMGC, further to the successful completion of the acquisition by the French group Sofiprotéol/Saipol of the local company Expur S.A. With an estimated value of EUR 85 million, the transaction was coordinated by Florentin Ţuca, Managing Partner and Cristian Radu, Managing Associate.
Ţuca Zbârcea & Asociaţii received a third award for the largest online transaction of the past year, namely the acquisition by the Spanish investment fund GED of Millennium Tour SRL’s online reservation business (for air travelling, accommodation, car rentals, travel insurance) conducted through well-known local websites such as paravion.ro, BileteLowCost.ro, HotelMania.ro, as well as through the foreign ”paravion” domains. The team of lawyers having successfully advised on the deal was led by partners Ciprian Dragomir and Silvana Ivan.
“These accolades recognise all the work, effort and specialist legal advice that the firm’s teams of lawyers have delivered to our clients in the successful completion of some of the most important transactions in the local market for the past year. We are pleased and honoured to have played such a role in our clients’ business development plans in Romania”, said Silvana Ivan, Partner at Ţuca Zbârcea & Asociaţii.
The Lawyers’ Gala is organised by Ziarul Financiar in order to recognise the best performers in the 2010 business law market. There were a total of 13 awards for those law firms that have contributed to the successful closing of some of the most important transactions in areas such as retail, real estate, energy, banking-insurance-pension funds, IT&C, medical services, agribusiness and FMGC, online, and also rewarding those firms that have significantly supported the local entrepreneurship over the past year.
About Ţuca Zbârcea & Asociaţii:
With offices in Bucharest and Cluj-Napoca, Ţuca Zbârcea & Asociaţii is the sole independent Romanian law firm with a representative office in Spain. In addition to its business partnership network in Romania, the firm also entered into a strategic “best friend” cooperation agreement with law firm Ţurcan Cazac, the leader of the business law market in Chişinău, the capital of the Republic of Moldova.
Ţuca Zbârcea & Asociaţii offers the whole range of legal services, and has been recommended by prestigious specialised international directories in areas of practice such as: corporate & commercial; mergers, acquisitions & privatisation; litigation & international arbitration; energy & natural resources; banking & finance and others.
The firm has garnered a string of local, regional and international accolades, having been named the “Law Firm of the Year” for the past four years and the “Most Innovative Continental European Law Firm” in the Financial Times’ Innovative Lawyers Report. It received Chambers Europe’s most prestigious award for excellence – the “Law Firm of the Year Award” (Chambers Europe Awards for Excellence 2010) and “Law Firm of the Year in Eastern Europe and the Balkans Award” at The Lawyer European Awards 2010 ceremony.
Ţuca Zbârcea & Asociaţii’s client portfolio comprises many local and international companies, prominent financial institutions, as well as public authorities and government institutions. A selective list of clients includes: Erste Bank / Banca Comercială Română (BCR), OMV Petrom, CEZ, Gabriel Resources Ltd. / Roşia Montană Gold Corporation, Rompetrol, ArcelorMittal, Carrefour, Romtelecom, Orkla Foods, Colgate-Palmolive, GED Capital Development, Cadbury, the Bucharest Stock Exchange, BRD-Groupe Société Générale, the European Bank for Reconstruction and Development (EBRD), Philip Morris, Alstom Transport, Siemens, Ericsson Telecommunications Romania and ING Real Estate.
Ţuca Zbârcea & Asociaţii now boasts 90 lawyers, including 21 partners.