Successful assistance in a EUR 375,000,000 acquisition of the minority shareholding owned by the national Property Fund and Electrica in two local subsidiaries of the biggest electricity producer in the Czech Republic. Successful assistance to the biggest electricity producer in the Czech Republic in a EUR 375,000,000 transaction for the acquisition (based on a call-option right exercised in accordance with the provisions of the privatization agreement concluded in 2005) of the minority shareholding (49%) owned in two subsidiaries (CEZ Distributie and CEZ Vanzare) by the national Property Fund holding 30% and Electrica – the national electricity distribution company – holding 19%. Our team has successfully assisted the client in connection with all the legal matters entailed by the project, as well as in the negotiations with the Property Fund and Electrica company.

Successful representation of a Governmental authority in a complex international arbitration initiated by a foreign investor (EDF Services LTD) claiming over USD 110,000,000. Successful representation of a Governmental authority in a complex international arbitration initiated by a foreign investor (EDF Services LTD). The arbitral tribunal with the International Center for Settlement of Investment Disputes (ICSID) entirely dismissed the plaintiff’s claims amounting to more than USD 110,000,000 for an alleged expropriation of the investment made on Otopeni Airport. Our team of lawyers thus ensured the second international arbitration victory before ICSID, after having also been involved in the Noble Ventures vs. Romania case file (successfully closed in 2005).

Assisting number one integrated oil and gas group in Central Europe in closing a 15-year production enhancement contract for several onshore fields in Romania with Petrofac, a leading international company. Assisting number one integrated oil and gas group in Central Europe in closing a 15-year production enhancement contract for several onshore fields in Romania with Petrofac, a leading international company. Our services included advice on all corporate, M&A, oil & gas regulatory issues, environmental and labour law matters.

Assisting the largest distribution company in the Romanian consumer goods market in the acquisition of full ownership of Wella Romania, the local subsidiary of Procter & Gamble Group and leading player on the professional haircare products market. Assisting the largest distribution company in the Romanian consumer goods market in the acquisition of full ownership of Wella Romania, the local subsidiary of Procter & Gamble Group and leading player on the professional haircare products market. The legal assistance services included the performance of a due diligence on the target company, the mark-up and negotiations of the transaction documents, the preparation of legal notes concerning the compliance of a distribution agreement for the professional haircare products with the competition regulations and representation before the Romanian Competition Council in view of the authorization of the contemplated transactions.

Successful assistance of the number one integrated oil and gas group in Central Europe in the restructuring of the petrochemicals business carried out at Arpechim Pitesti and subsequent sale thereof Successful assistance of the number one integrated oil and gas group in Central Europe in the restructuring of the petrochemicals business carried out on Arpechim Pitesti industrial platform and subsequent sale thereof to Oltchim S.A. The legal assistance included, among others, the coordination of a due diligence process with respect to the petrochemicals activity, recommendations on the implementation of various transaction scenarios, review of the legal aspects applicable to the transfer of businesses/assets (including regulatory aspects), preparation of the transaction documents (including specific contracts related to environmental and employment matters; supply of feedstock and utilities; restructuring and guaranteeing of the debt owed by the purchaser to OMV Petrom in relation with the historical supply of feedstock), assistance during negotiations on the transaction documents with the purchaser; pre-closing and closing activities.

Assisting the most active pension fund on the local market in the successful completion of three mergers through absorption with Omniasig Pensii – Societate de Administrare a unui Fond de Pensii Administrat Privat S.A. and other important privately-managed pension funds (Pillar II) – OTP Pension Fund and First Pension – Prima Pensie (member of Prva Group, a Slovenian privately-owned manager of voluntary and mandatory pension schemes). Assisting the most active pension fund on the local market in the successful completion of three mergers through absorption with Omniasig Pensii – Societate de Administrare a unui Fond de Pensii Administrat Privat S.A. and other important privately-managed pension funds (Pillar II) – OTP Pension Fund and First Pension – Prima Pensie (member of Prva Group, a Slovenian privately-owned manager of voluntary and mandatory pension schemes). Our services included in connection with the transaction structuring (the novelty of the statutory framework on Pillar II pensions funds raised particular challenges in identifying the most suitable implementation method), preliminary negotiations, legal assessment on the target company, negotiation of the transaction documents.

Assisting the biggest electricity producer in the Czech Republic in the acquisition of Fantanele and Cogealac wind farms in the Dobrogea region. The two projects will be the largest onshore wind farm project in Europe, with a total capacity of 600 megawatts, approximately double the size of the next largest fully permitted onshore wind farm in Europe, and triple the size of the largest current operational wind farm in Europe. Assisting the biggest electricity producer in the Czech Republic in the acquisition of Fantanele and Cogealac wind farms in the Dobrogea region. The two projects will be the largest onshore wind farm project in Europe, with a total capacity of 600 megawatts, approximately double the size of the next largest fully permitted onshore wind farm in Europe, and triple the size of the largest current operational wind farm in Europe. The total investments will amount to EUR 1 billion. Our team performed a legal due diligence report, reviewed the sale-purchase contract, assisted the client in negotiating the contract and subsequent transaction documents, and advised on various corporate and other legal issues pertaining to the Romanian jurisdiction.

Lawyers from Tuca Zbarcea & Asociatii and White & Case (US) obtain favorable result for Romania in third ICSID arbitration case. Lawyers from Tuca Zbarcea & Asociatii in consortium with an international law firm represented a Governmental authority in the S&T Oil Equipment and Machinery v. Romania arbitration case before the International Center for Settlement of Investment Disputes (ICSID). The claimant sought compensations amounting to more than USD 150,000,000. The case was closed further to the arbitral tribunal issuing an order of discontinuance of the proceedings.