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The Lawyer European Awards: Tuca Zbarcea & Asociatii in the Running for Two Honours Tuca Zbarcea & Asociatii has made the shortlist for The Lawyer European Awards. This year’s event sees 88 independent and international law firms competing for 19 trophies. Tuca Zbarcea & Asociatii has picked up two nominations for the “Law Firm of the Year: Romania” and the “European Managing Partner of the Year” awards, the winners of which will be announced at the annual ceremony hosted by The Lawyer magazine, the market-leading media brand for commercial lawyers and in-house counsel. Tuca Zbarcea & Asociatii has made the shortlist for The Lawyer European Awards. This year’s event sees 88 independent and international law firms competing for 19 trophies. Tuca Zbarcea & Asociatii has picked up two nominations for the “Law Firm of the Year: Romania” and the “European Managing Partner of the Year” awards, the winners of which will be announced at the annual ceremony hosted by The Lawyer magazine, the market-leading media brand for commercial lawyers and in-house counsel. The shortlist of nominees was drawn up by a judging panel comprising managing partners at private practice firms and in-house counsel at multinational companies such as Caterpillar, Thomas Eggar, CBS Outdoor, Addleshaw Goddard, Travers Smith, Mitsui Sumitomo Insurance, HBO Europe, Unisys, G4S, Rusal, Macfarlanes, Baker Hughes, Clyde & Co, InterContinental Hotels Group and Stephenson Harwood. The awards ceremony will take place in Monte Carlo on October 25th, 2012. A Romania national award will be handed out for the first time, after local firms previously competed in the “Law Firm of the Year: Eastern Europe and the Balkans” category. According to The Lawyer, six contenders are competing for the coveted “Law Firm of the Year: Romania” title, namely Tuca Zbarcea & Asociatii, Kinstellar, Musat & Asociatii, Nestor Nestor Diculescu Kingston Petersen, Popovici Nitu & Asociatii and Salans. The accolade recognises firms that have had an exceptional year, managing the pressures of the economic environment while maintaining high levels of client service. Florentin Tuca, founder and Managing Partner of Tuca Zbarcea & Asociatii has also been singled out for the “European Managing Partner of the Year” award. He faces stiff competition from five other senior partners at law firms from France, Germany, Italy, Finland and Ukraine. “We genuinely take pride in these nominations and feel really privileged to have been shortlisted alongside outstanding players and individuals in the legal market. No less welcome is the international attention that the Romanian legal market is receiving from such a publication of great repute as The Lawyer!” said Florentin Tuca, Managing Partner of Tuca Zbarcea & Asociatii. For Tuca Zbarcea & Asociatii, the nominations for this year’s The Lawyer European Awards come after it claimed the title of “Law Firm of the Year: Eastern Europe and the Balkans” at the 2010 awards hosted by The Lawyer magazine. The Lawyer European Awards are a unique gala celebrating excellence in the legal profession across Europe, and attract hundreds of guests. This year, the awards gala will coincide with the first day of The Lawyer European Conference, which will focus on management strategy for independent firms. The summit takes place in Monte Carlo on October 25th-26th, 2012. The complete list of nominees for the 2012 The Lawyer European Awards is available here More details about The Lawyer European Awards and Conference are available here
August 7, 2012
The Lawyer European Awards: Ţuca Zbârcea & Asociaţii in the Running for Two Honours

Ţuca Zbârcea & Asociaţii has made the shortlist for The Lawyer European Awards. This year’s event sees 88 independent and international law firms competing for 19 trophies.  

Ţuca Zbârcea & Asociaţii has picked up two nominations for the “Law Firm of the Year: Romania” and the “European Managing Partner of the Year” awards, the winners of which will be announced at the annual ceremony hosted by The Lawyer magazine, the market-leading media brand for commercial lawyers and in-house counsel. [+]

Ţuca Zbârcea & Asociaţii has made the shortlist for The Lawyer European Awards. This year’s event sees 88 independent and international law firms competing for 19 trophies.  

Ţuca Zbârcea & Asociaţii has picked up two nominations for the “Law Firm of the Year: Romania” and the “European Managing Partner of the Year” awards, the winners of which will be announced at the annual ceremony hosted by The Lawyer magazine, the market-leading media brand for commercial lawyers and in-house counsel.

The shortlist of nominees was drawn up by a judging panel comprising managing partners at private practice firms and in-house counsel at multinational companies such as Caterpillar, Thomas Eggar, CBS Outdoor, Addleshaw Goddard, Travers Smith, Mitsui Sumitomo Insurance, HBO Europe, Unisys, G4S, Rusal, Macfarlanes, Baker Hughes, Clyde & Co, InterContinental Hotels Group and Stephenson Harwood.

The awards ceremony will take place in Monte Carlo on October 25th, 2012.

A Romania national award will be handed out for the first time, after local firms previously competed in the “Law Firm of the Year: Eastern Europe and the Balkans” category. According to The Lawyer, six contenders are competing for the coveted “Law Firm of the Year: Romania” title, namely Ţuca Zbârcea & Asociaţii, Kinstellar, Muşat & Asociaţii, Nestor Nestor Diculescu Kingston Petersen, Popovici Niţu & Asociaţii and Salans. The accolade recognises firms that have had an exceptional year, managing the pressures of the economic environment while maintaining high levels of client service.

Florentin Ţuca, founder and Managing Partner of Ţuca Zbârcea & Asociaţii has also been singled out for the “European Managing Partner of the Year” award. He faces stiff competition from five other senior partners at law firms from France, Germany, Italy, Finland and Ukraine.

“We genuinely take pride in these nominations and feel really privileged to have been shortlisted alongside outstanding players and individuals in the legal market. No less welcome is the international attention that the Romanian legal market is receiving from such a publication of great repute as The Lawyer!” said Florentin Ţuca, Managing Partner of Ţuca Zbârcea & Asociaţii.

For Ţuca Zbârcea & Asociaţii, the nominations for this year’s The Lawyer European Awards come after it claimed the title of “Law Firm of the Year: Eastern Europe and the Balkans” at the 2010 awards hosted by The Lawyer magazine.

The Lawyer European Awards are a unique gala celebrating excellence in the legal profession across Europe, and attract hundreds of guests. This year, the awards gala will coincide with the first day of The Lawyer European Conference, which will focus on management strategy for independent firms. The summit takes place in Monte Carlo on October 25th-26th, 2012.   

The complete list of nominees for the 2012 The Lawyer European Awards is available here

More details about The Lawyer European Awards and Conference are available here

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Tuca Zbarcea & Asociatii Advises on Loan Facility Agreements Worth EUR 115 Million in Past Five Months The firm’s financing work in H1/2012 outstripped the level reached in the same period of last year. Recently concluded loan facility agreements were secured for Olympus Diary, Carrefour Property, Espe Energia and Transelectrica. Tuca Zbarcea & Asociatii’s finance team has successfully concluded loan facility agreements worth EUR 115 million in the past five months. The firm’s lawyers also took the lead role in advising on several complex restructuring projects of existing loan facilities, especially in the area of real estate. The firm’s financing work in H1/2012 outstripped the level reached in the same period of last year. Recently concluded loan facility agreements were secured for Olympus Diary, Carrefour Property, Espe Energia and Transelectrica. Tuca Zbarcea & Asociatii’s finance team has successfully concluded loan facility agreements worth EUR 115 million in the past five months. The firm’s lawyers also took the lead role in advising on several complex restructuring projects of existing loan facilities, especially in the area of real estate. “While it may be too soon to expect a full recovery of banking and finance activity in the legal sector, we have managed to perform reasonably well under the current market conditions. Since the beginning of the year, we have been quite busy advising on potential transactions involving portfolios of non-performing loans and the restructuring thereof. Despite the ongoing challenges in the ‘new money’ segment of the financial market, we have also taken lead roles on several loan financing projects, which suggests that larger banks are still active on the market and willing to invest in bankable projects,” said Mihai Dudoiu, Partner at Tuca Zbarcea & Asociatii and Co-head of the firm’s Banking and Finance practice group. The firm advised the Black Sea Trade and Development Bank on financing of EUR 30 million granted to Olympus Diary, a Greek company, to support the company’s investment program in a new dairy plant in Romania. It also acted for Carrefour Property in relation to a EUR 26 million loan secured from BRD – Groupe Société Générale to complete works on a shopping centre in Romania jointly developed with South African investment fund NEPI. The project will require a EUR 65 million investment, 60 percent of which will come from own funds. Another work highlight of the past five months was a EUR 17 million loan granted by Banca Comerciala Romana – BCR (the largest Romanian commercial bank) to the company Espe Energia, for the building of a micro hydroelectric power plant in Romania. More recently, the firm’s finance lawyers advised BRD Groupe Société Générale – La Caixa – ING Bank on a EUR 42 million club deal for Transelectrica, Romania’s national power grid company, in order to finance investments in upgrading the grid. The firm fielded a team of lawyers comprising Mihai Dudoiu (Partner), Patricia Enache (Senior Associate), Dragos Stratone (Senior Associate) and Olga Cobasneanu (Associate). “Turbulence in the wider global financial markets obviously impedes the normal functioning of the local financial system. In light of this, our main goal over the coming months will be to continue at the same pace by advising on financing projects, as well as on the restructuring of existing loan facilities, while also providing regulatory advice on new regulations impacting on the financial services sector such as the New Civil Code and New Civil Procedure Code. Another potential area of growth for us is the trading of non-performing loan portfolios. While up until this year most of the transfers of portfolios of non-performing loans were being made among group companies, this year it seems that some of the larger banks are seeking buyers for their portfolios of non-performing loans,” added Mihai Dudoiu. Tuca Zbarcea & Asociatii has one of the largest and best-established finance teams in Romania, advising on asset finance and banking transactions, as well as project finance and innovative cross-border finance work. The group acts for a diverse client base ranging from local banks (Romanian subsidiaries of international financial groups), regional financial institutions lending in Romania as part of cross-border transactions, IFIs, non-banking financial institutions (leasing companies, sponsors, etc) and corporate borrowers.
August 3, 2012
Ţuca Zbârcea & Asociaţii Advises on Loan Facility Agreements Worth EUR 115 Million in Past Five Months

The firm’s financing work in H1/2012 outstripped the level reached in the same period of last year. Recently concluded loan facility agreements were secured for Olympus Diary, Carrefour Property, Espe Energia and Transelectrica. 

Ţuca Zbârcea & Asociaţii’s finance team has successfully concluded loan facility agreements worth EUR 115 million in the past five months. The firm’s lawyers also took the lead role in advising on several complex restructuring projects of existing loan facilities, especially in the area of real estate. [+]

The firm’s financing work in H1/2012 outstripped the level reached in the same period of last year. Recently concluded loan facility agreements were secured for Olympus Diary, Carrefour Property, Espe Energia and Transelectrica. 

Ţuca Zbârcea & Asociaţii’s finance team has successfully concluded loan facility agreements worth EUR 115 million in the past five months. The firm’s lawyers also took the lead role in advising on several complex restructuring projects of existing loan facilities, especially in the area of real estate.

“While it may be too soon to expect a full recovery of banking and finance activity in the legal sector, we have managed to perform reasonably well under the current market conditions. Since the beginning of the year, we have been quite busy advising on potential transactions involving portfolios of non-performing loans and the restructuring thereof. Despite the ongoing challenges in the ‘new money’ segment of the financial market, we have also taken lead roles on several loan financing projects, which suggests that larger banks are still active on the market and willing to invest in bankable projects,” said Mihai Dudoiu, Partner at Ţuca Zbârcea & Asociaţii and Co-head of the firm’s Banking and Finance practice group.

The firm advised the Black Sea Trade and Development Bank on financing of EUR 30 million granted to Olympus Diary, a Greek company, to support the company’s investment program in a new dairy plant in Romania.

It also acted for Carrefour Property in relation to a EUR 26 million loan secured from BRD – Groupe Société Générale to complete works on a shopping centre in Romania jointly developed with South African investment fund NEPI. The project will require a EUR 65 million investment, 60 percent of which will come from own funds.

Another work highlight of the past five months was a EUR 17 million loan granted by Banca Comercială Română – BCR (the largest Romanian commercial bank) to the company Espe Energia, for the building of a micro hydroelectric power plant in Romania.

More recently, the firm’s finance lawyers advised BRD Groupe Société Générale – La Caixa – ING Bank on a EUR 42 million club deal for Transelectrica, Romania’s national power grid company, in order to finance investments in upgrading the grid.

The firm fielded a team of lawyers comprising Mihai Dudoiu (Partner), Patricia Enache (Senior Associate), Dragoş Stratone (Senior Associate) and Olga Cobăsneanu (Associate).

“Turbulence in the wider global financial markets obviously impedes the normal functioning of the local financial system. In light of this, our main goal over the coming months will be to continue at the same pace by advising on financing projects, as well as on the restructuring of existing loan facilities, while also providing regulatory advice on new regulations impacting on the financial services sector such as the New Civil Code and New Civil Procedure Code. Another potential area of growth for us is the trading of non-performing loan portfolios. While up until this year most of the transfers of portfolios of non-performing loans were being made among group companies, this year it seems that some of the larger banks are seeking buyers for their portfolios of non-performing loans,” added Mihai Dudoiu.

Ţuca Zbârcea & Asociaţii has one of the largest and best-established finance teams in Romania, advising on asset finance and banking transactions, as well as project finance and innovative cross-border finance work. The group acts for a diverse client base ranging from local banks (Romanian subsidiaries of international financial groups), regional financial institutions lending in Romania as part of cross-border transactions, IFIs, non-banking financial institutions (leasing companies, sponsors, etc) and corporate borrowers.

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