This site places cookies on your device to offer you a better browsing experience. You can visit this page to find out more on how we use cookies and how you can change your settings. If you continue browsing our site, we’ll assume you agree to our cookie use.      Accept this cookie | Find out more

Țuca Zbârcea & Asociații
Print Site Map
   
Home/News
News
 
 
 
News
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).

[-]

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)

[-]

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

[-]

News Archive

Back to News
Get all the news using the RSS Feeds
Get all the news using the RSS Feeds rss



March-April 2019
Print Quality Download
Fast-Web Quality Download
pdf file
Read more



Țuca Zbârcea & Asociații and Țuca Zbârcea & Asociații Tax are collaborating with Andersen Global in Romania
Copyright © 2007 - 2019 Țuca Zbârcea & Asociații
Privacy Policy | Terms and Conditions