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Țuca Zbârcea & Asociații
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Deals
Advising on the largest portfolio transfer in Romania involving UniCredit Tiriac Bank and UniCredit Consumer Financing IFN and RBS Bank (Romania) regarding a retail business accounting for around EUR 315,000,000 in assets and EUR 230,000,000 in liabilities. The retail activity of RBS Bank (Romania) consists of the personal needs loans, home equity loans or mortgage loans, and also refinancing loans of such loans, credit cards, current accounts and products and services related to the deposits, savings accounts, debit cards, overdrafts and the iBanking service. A multidisciplinary team of lawyers specialising in corporate and M&A, as well as banking/finance, competition and employment law, together with a team of tax advisors assisted the client in relation to all aspects of the transaction.
Advising on the largest portfolio transfer in Romania involving UniCredit Țiriac Bank and UniCredit Consumer Financing IFN and RBS Bank (Romania) regarding a retail business accounting for around EUR 315,000,000 in assets and EUR 230,000,000 in liabilities. The retail activity of RBS Bank (Romania) consists of the personal needs loans, home equity loans or mortgage loans, and also refinancing loans of such loans, credit cards, current accounts and products and services related to the deposits, savings accounts, debit cards, overdrafts and the iBanking service. A multidisciplinary team of lawyers specialising in corporate and M&A, as well as banking/finance, competition and employment law, together with a team of tax advisors assisted the client in relation to all aspects of the transaction.
Advising the Romanian arm of a leading European Bank, member of UniCredit Group and the non-banking financial institution, subsidiary of UniCredit Bank SA, on taking over the corporate business of RBS Bank (Romania), comprising a total portfolio of aggregate assets of around EUR 260,000,000 and corporate deposits of EUR 315,000,000.
Advising the Romanian arm of a leading European Bank, member of UniCredit Group and the non-banking financial institution, subsidiary of UniCredit Bank SA, on taking over the corporate business of RBS Bank (Romania), comprising a total portfolio of aggregate assets of around EUR 260,000,000 and corporate deposits of EUR 315,000,000.
Advising the largest cinema operator in Romania, as well as certain other Romanian companies from the group in relation to a club loan arranged by HSBC BANK PLC, BANK ZACHODNI WBK S.A., ING BANK N.V., ING BANK SLASKI S.A for certain restructuring actions in the Cinema City Group and refinancing of financial indebtedness. The credit facility amounts to EUR 210,000,000.
Advising the largest cinema operator in Romania, as well as certain other Romanian companies from the group in relation to a club loan arranged by HSBC BANK PLC, BANK ZACHODNI WBK S.A., ING BANK N.V., ING BANK SLASKI S.A for certain restructuring actions in the Cinema City Group and refinancing of financial indebtedness. The credit facility amounts to EUR 210,000,000.
An international financial institution, member of the World Bank and a leading debt collection company in Central and Eastern Europe: assisting in relation to the largest retail non-performing loan portfolio (NPL) sold in Romania. Our team advised the buyers on taking over a NPL portfolio worth EUR 597,000,000 from Bancpost, ERB Retail Services IFN and ERB New Europe Funding II B.V., members of the Greek group Eurobank. Our services included advice on the transaction structure, reviewing the transaction documents and assisting in negotiations with the seller followed by assistance in the signing, closing and post-closing. Our team also advised on the financing aspects of the transaction, including a senior bond issue of up to EUR 57,000,000.
An international financial institution, member of the World Bank and a leading debt collection company in Central and Eastern Europe: assisting in relation to the largest retail non-performing loan portfolio (NPL) sold in Romania. Our team advised the buyers on taking over a NPL portfolio worth EUR 597,000,000 from Bancpost, ERB Retail Services IFN and ERB New Europe Funding II B.V., members of the Greek group Eurobank. Our services included advice on the transaction structure, reviewing the transaction documents and assisting in negotiations with the seller followed by assistance in the signing, closing and post-closing. Our team also advised on the financing aspects of the transaction, including a senior bond issue of up to EUR 57,000,000.
One of the leading players on the Polish financial market: legal assistance on acquiring the full ownership in Volksbank Leasing Romania IFN, one of the leading players on the Romanian financial leasing market. The deal, worth USD 53,300,000, was, in fact, a cross-border transaction also involving the acquisition by Getin Holding of the full ownership in the Polish subsidiary of Volksbank Leasing International GmbH. Our services consisted of performing an extensive legal due diligence and drafting and negotiating the transaction documents, including among others a complex contractual structure purported to ensure the necessary funds to the target company in order to repay the loans granted by the entities pertaining to the seller’s group, as our client planned to finance the purchase partly with debt.
One of the leading players on the Polish financial market: legal assistance on acquiring the full ownership in Volksbank Leasing Romania IFN, one of the leading players on the Romanian financial leasing market. The deal, worth USD 53,300,000, was, in fact, a cross-border transaction also involving the acquisition by Getin Holding of the full ownership in the Polish subsidiary of Volksbank Leasing International GmbH. Our services consisted of performing an extensive legal due diligence and drafting and negotiating the transaction documents, including among others a complex contractual structure purported to ensure the necessary funds to the target company in order to repay the loans granted by the entities pertaining to the seller’s group, as our client planned to finance the purchase partly with debt.
One of the leading players on the Polish financial market: our team advised the client on acquiring Romanian International Bank (RIB), covering the due diligence investigation into the target company, defining and structuring of the contractual framework and negotiating the transaction documents. The team assisting the Polish Financial Group was formed of lawyers from the firm’s M&A, banking, competition, IP and labour practice groups. Our services also included advice on all legal matters following RIB’s acquisition, including converting a subordinated loan capital of EUR 1,200,000 to share capital, as well as entering into a new subordinated loan agreement of EUR 2,000,000.
One of the leading players on the Polish financial market: our team advised the client on acquiring Romanian International Bank (RIB), covering the due diligence investigation into the target company, defining and structuring of the contractual framework and negotiating the transaction documents. The team assisting the Polish Financial Group was formed of lawyers from the firm’s M&A, banking, competition, IP and labour practice groups. Our services also included advice on all legal matters following RIB’s acquisition, including converting a subordinated loan capital of EUR 1,200,000 to share capital, as well as entering into a new subordinated loan agreement of EUR 2,000,000.

The number one integrated oil and gas group in Central Europe: assisting in connection with the restructuring and guaranteeing of a EUR 25,000,000 receivables against Oltchim S.A. related to the supply of feedstock made by the creditor during the recent years. Our lawyers proposed an innovative way of guaranteeing the respective receivables, i.e. an escrow mechanism whereby the certificates allocated by the public authorities to the debtor for the emissions of greenhouse gases were transferred into an escrow account and will be released as per the provisions of the escrow agreement depending on the compliance by the debtor with the repayment schedule. The legal assistance involved also the preparation and negotiation of the respective debt restructuring and guaranteeing agreement.
The number one integrated oil and gas group in Central Europe: assisting in connection with the restructuring and guaranteeing of a EUR 25,000,000 receivables against Oltchim S.A. related to the supply of feedstock made by the creditor during the recent years. Our lawyers proposed an innovative way of guaranteeing the respective receivables, i.e. an escrow mechanism whereby the certificates allocated by the public authorities to the debtor for the emissions of greenhouse gases were transferred into an escrow account and will be released as per the provisions of the escrow agreement depending on the compliance by the debtor with the repayment schedule. The legal assistance involved also the preparation and negotiation of the respective debt restructuring and guaranteeing agreement.
The biggest electricity producer in the Czech Republic: assistance in relation to the financing of the development and operation of the largest onshore wind farm in Europe. The financing of the project is structured on two different senior facilities with a value of EUR 260,000,000 from Bayerische Landesbank, BNP Paribas Bank N.V., Ceskoslovenská obchodní banka, a.s., and KBC Bank Deutschland AG and EUR 200,000,000 from European Investment Bank (EIB).
The biggest electricity producer in the Czech Republic: assistance in relation to the financing of the development and operation of the largest onshore wind farm in Europe. The financing of the project is structured on two different senior facilities with a value of EUR 260,000,000 from Bayerische Landesbank, BNP Paribas Bank N.V., Ceskoslovenská obchodní banka, a.s., and KBC Bank Deutschland AG and EUR 200,000,000 from European Investment Bank (EIB).
The biggest electricity producer in the Czech Republic: advising on a senior loan of RON 675,000,000 (EUR 152,000,000 equivalent) provided to CEZ Distributie by the European Bank for Reconstruction and Development (EBRD) for the purpose of financing company’s 2015-2016 investment programme. The proceeds of the loan will be used to cover CEZ Distributie’s 2015-2016 investment programme in the distribution network aiming at reducing losses, improving efficiency and installing smart meters, and the restructuring of CEZ Distributie’s balance sheet in order to optimise its capital structure with the tariff methodology in place in Romania. It is the first long tenor local currency (RON) EBRD syndicated loan to a corporate in Romania.
The biggest electricity producer in the Czech Republic: advising on a senior loan of RON 675,000,000 (EUR 152,000,000 equivalent) provided to CEZ Distributie by the European Bank for Reconstruction and Development (EBRD) for the purpose of financing company’s 2015-2016 investment programme. The proceeds of the loan will be used to cover CEZ Distributie’s 2015-2016 investment programme in the distribution network aiming at reducing losses, improving efficiency and installing smart meters, and the restructuring of CEZ Distributie’s balance sheet in order to optimise its capital structure with the tariff methodology in place in Romania. It is the first long tenor local currency (RON) EBRD syndicated loan to a corporate in Romania.
Advising the Romanian subsidiary of an international industrial group on all the Romanian law matters related to its accession to EUR 240,000,000 senior and mezzanine finance documentation, as guarantor, and it providing security over all its material assets.
Advising the Romanian subsidiary of an international industrial group on all the Romanian law matters related to its accession to EUR 240,000,000 senior and mezzanine finance documentation, as guarantor, and it providing security over all its material assets.
Advising mandated lead arrangers of a USD 120,000,000 term and revolving senior credit facilities to be granted to a leading European company active in mining operations. Our finance, mining and real estate specialists are advising the mandated lead arrangers and the finance parties in the syndicate on all the Romanian law aspects regarding the financing of the construction, commissioning, development, operation and maintenance of a gold and silver mine in Romania.
Advising mandated lead arrangers of a USD 120,000,000 term and revolving senior credit facilities to be granted to a leading European company active in mining operations. Our finance, mining and real estate specialists are advising the mandated lead arrangers and the finance parties in the syndicate on all the Romanian law aspects regarding the financing of the construction, commissioning, development, operation and maintenance of a gold and silver mine in Romania.
A member of the National Bank of Greece Group: assistance in relation to a Risk Participation Agreement made with other Romanian credit institution in relation to a EUR 127,400,000 non-cash credit facility made available to one of the largest Romanian companies.
A member of the National Bank of Greece Group: assistance in relation to a Risk Participation Agreement made with other Romanian credit institution in relation to a EUR 127,400,000 non-cash credit facility made available to one of the largest Romanian companies.
Legal advice for a Hungarian retail bank in connection with a EUR 123,000,000 selling of the ownership interests held in its Hungarian and Romanian subsidiaries (among which, the Hungarian bank Ella Bank); the legal services included a full assessment of the transaction implications under Romanian law, a review of the transaction documents, as well as assistance during the negotiations with the purchaser.
Legal advice for a Hungarian retail bank in connection with a EUR 123,000,000 selling of the ownership interests held in its Hungarian and Romanian subsidiaries (among which, the Hungarian bank Ella Bank); the legal services included a full assessment of the transaction implications under Romanian law, a review of the transaction documents, as well as assistance during the negotiations with the purchaser.
Oil and gas exploration and production companies: advising on a senior club loan for an aggregate value of USD 75,000,000 provided by two investment funds. The transaction was structured as a club loan, our law firm acting for the borrower and the security provider and assisted throughout the negotiations of the Romanian law security documents. Our team also assisted with respect to its local hedging agreements entered with a top Romanian credit institution.
Oil and gas exploration and production companies: advising on a senior club loan for an aggregate value of USD 75,000,000 provided by two investment funds. The transaction was structured as a club loan, our law firm acting for the borrower and the security provider and assisted throughout the negotiations of the Romanian law security documents. Our team also assisted with respect to its local hedging agreements entered with a top Romanian credit institution.
An international financial institution: assistance regarding a EUR 22,600,000 loan facility made available to the city of Galati to rehabilitate city’s urban infrastructure, including by way of purchasing new trolleybuses and introducing a privately-operated automated system for collecting fares. Our services included advice on all the Romanian law issues incident to the financing transaction, including performing a due diligence investigation on the borrower and drafting the security documents pertaining to the Romanian law.
An international financial institution: assistance regarding a EUR 22,600,000 loan facility made available to the city of Galați to rehabilitate city’s urban infrastructure, including by way of purchasing new trolleybuses and introducing a privately-operated automated system for collecting fares. Our services included advice on all the Romanian law issues incident to the financing transaction, including performing a due diligence investigation on the borrower and drafting the security documents pertaining to the Romanian law.
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Țuca Zbârcea & Asociații obtains a final ruling from the High Court of Cassation and Justice on wind turbine taxation [...]
Tuca Zbarcea & Asociatii obtains a final ruling from the High Court of Cassation and Justice on wind turbine taxation
Țuca Zbârcea & Asociații named best firm in Romania for Dispute Resolution by Euromoney [...]
Tuca Zbarcea & Asociatii named best firm in Romania for Dispute Resolution by Euromoney
Țuca Zbârcea & Asociații, named Romania Law Firm of the Year by the British legal directory Chambers Europe [...]
Tuca Zbarcea & Asociatii, named Romania Law Firm of the Year by the British legal directory Chambers Europe
The Legal 500 EMEA 2020 edition: Țuca Zbârcea & Asociații has been recommended as a Top Tier Firm in 13 practice areas [...]
The Legal 500 EMEA 2020 edition: Tuca Zbarcea & Asociatii has been recommended as a Top Tier Firm in 13 practice areas
Țuca Zbârcea & Asociații launches a set of podcasts titled "Law in the time of corona" [...]
Tuca Zbarcea & Asociatii launches a set of podcasts titled "Law in the time of corona"


Țuca Zbârcea & Asociații and Țuca Zbârcea & Asociații Tax are collaborating with Andersen Global in Romania
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