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Țuca Zbârcea & Asociații
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Deals
The largest Fund in Central and Eastern Europe, with an initial capitalisation of EUR 4,000,000,000: assistance in connection with the drafting of the Statutes (including the management contract), the establishment of the fund, the take over in its portfolio of the assets provided by the applicable regulations, the listing of the Fund on the Romanian and international stock exchanges.
The largest Fund in Central and Eastern Europe, with an initial capitalisation of EUR 4,000,000,000: assistance in connection with the drafting of the Statutes (including the management contract), the establishment of the fund, the take over in its portfolio of the assets provided by the applicable regulations, the listing of the Fund on the Romanian and international stock exchanges.
A Romanian bank owned by the French financial group Société Générale and a Romanian commercial bank, a member of the leading financial services provider in Central Europe: advising on a senior club loan in RON equivalent of approximately EUR 37,000,000 provided to Urgent Cargus, a top Romanian courier company. Our role in this project included a detailed analysis on the purpose of the loan, from the perspective of the Romanian company law rules and restrictions on profit distribution and financial assistance. The transaction was structured as a club loan, our law firm acting for the lenders and having assisted throughout the negotiations of the finance documents (term-sheet, facility agreement and security documents), as well as for the completion of the conditions precedent.
A Romanian bank owned by the French financial group Société Générale and a Romanian commercial bank, a member of the leading financial services provider in Central Europe: advising on a senior club loan in RON equivalent of approximately EUR 37,000,000 provided to Urgent Cargus, a top Romanian courier company. Our role in this project included a detailed analysis on the purpose of the loan, from the perspective of the Romanian company law rules and restrictions on profit distribution and financial assistance. The transaction was structured as a club loan, our law firm acting for the lenders and having assisted throughout the negotiations of the finance documents (term-sheet, facility agreement and security documents), as well as for the completion of the conditions precedent.
A leading bank of the private sector in Greece: advising on a EUR 33,100,000 share pledge agreement for the refinancing of the Romanian subsidiary of Olympus Greece (i.e. Olympos Larissa Dairy Industries Romania), including advice on the applicable Romanian legislation regarding share pledge agreements, corporate formalities and tax implications, drafting of a movable hypothec agreement over the shares in Olympos Larissa Dairy Industries Romania etc.
A leading bank of the private sector in Greece: advising on a EUR 33,100,000 share pledge agreement for the refinancing of the Romanian subsidiary of Olympus Greece (i.e. Olympos Larissa Dairy Industries Romania), including advice on the applicable Romanian legislation regarding share pledge agreements, corporate formalities and tax implications, drafting of a movable hypothec agreement over the shares in Olympos Larissa Dairy Industries Romania etc.
A Romanian commercial bank, a member of the leading financial services provider in Central Europe and the leading bank of the private sector in Greece, as well as a state-owned Romanian banking institution and a savings bank: advising on a senior club loan of EUR 30,800,000 provided to Pet Star Holding and Korin Romania, Romanian producers of PET packaging. Our law firm acted for the lenders and assisted throughout the negotiations of the finance documents (term-sheet, facility agreement and security documents), as well as for the completion of the conditions precedent.
A Romanian commercial bank, a member of the leading financial services provider in Central Europe and the leading bank of the private sector in Greece, as well as a state-owned Romanian banking institution and a savings bank: advising on a senior club loan of EUR 30,800,000 provided to Pet Star Holding and Korin Romania, Romanian producers of PET packaging. Our law firm acted for the lenders and assisted throughout the negotiations of the finance documents (term-sheet, facility agreement and security documents), as well as for the completion of the conditions precedent.
An Austrian corporate finance subsidiary of Volksbank AG: assisting in relation to the restructuring of a EUR 28,000,000 credit facility agreement made available to a Romanian group of companies for financing the development and operation of City Business Center, a landmark office building in Timisoara city, western part of Romania. The office and commercial development to which the deal refers to is one of the most important projects of this type outside Bucharest.
An Austrian corporate finance subsidiary of Volksbank AG: assisting in relation to the restructuring of a EUR 28,000,000 credit facility agreement made available to a Romanian group of companies for financing the development and operation of City Business Center, a landmark office building in Timisoara city, western part of Romania. The office and commercial development to which the deal refers to is one of the most important projects of this type outside Bucharest.
Assisting the Romanian branch of The Royal Bank of Scotland Plc, Edinburgh in relation to a EUR 26,000,000 overdraft facility agreement made available by the bank to Ursus Breweries SA, a well-known beer producer in Romania and the local subsidiary of SABMiller, one of the world’s largest brewers. Our lawyers needed to adapt the LMA standard form of credit documentation to the particularities of the internal system of the lender.
Assisting the Romanian branch of The Royal Bank of Scotland Plc, Edinburgh in relation to a EUR 26,000,000 overdraft facility agreement made available by the bank to Ursus Breweries SA, a well-known beer producer in Romania and the local subsidiary of SABMiller, one of the world’s largest brewers. Our lawyers needed to adapt the LMA standard form of credit documentation to the particularities of the internal system of the lender.
A leading player in the IT services market: advising on entering into a complex debt and equity transaction with IFC and the Black Sea Trade and Development Bank by which the banks subscribe shares in total value of EUR 10,000,000 and provide a loan up to EUR 15 million to TeamNet International in order to finance company’s growth plans in the region. Our team advised on all legal and tax issues pertaining to a complex debt and equity transaction entered into between the client, IFC and the Black Sea Trade and Development Bank. From a banking/finance perspective, our legal work included advice on the transaction documents: Subscription Agreement, Shareholders Agreement, Loan Agreement and the security package.
A leading player in the IT services market: advising on entering into a complex debt and equity transaction with IFC and the Black Sea Trade and Development Bank by which the banks subscribe shares in total value of EUR 10,000,000 and provide a loan up to EUR 15 million to TeamNet International in order to finance company’s growth plans in the region. Our team advised on all legal and tax issues pertaining to a complex debt and equity transaction entered into between the client, IFC and the Black Sea Trade and Development Bank. From a banking/finance perspective, our legal work included advice on the transaction documents: Subscription Agreement, Shareholders Agreement, Loan Agreement and the security package.
Advising a leading local bank on the restructuring of a EUR 23,000,000 multicurrency term and revolving credit facility agreement made available for the development of a logistic park in the western part of Romania. The restructuring process has required creating a complex legal structure and documentation, including agreements for transferring the core assets of the project, preparing amended and restated finance documents and drafting a profit-sharing agreement.
Advising a leading local bank on the restructuring of a EUR 23,000,000 multicurrency term and revolving credit facility agreement made available for the development of a logistic park in the western part of Romania. The restructuring process has required creating a complex legal structure and documentation, including agreements for transferring the core assets of the project, preparing amended and restated finance documents and drafting a profit-sharing agreement.
A privately-owned healthcare investment company: advising on a EUR 21,000,000 mezzanine financing for the construction of a chain of clinics in Romania, Poland, Germany and France. Our team acted on behalf of the borrower as leader of a consortium of law firms from Romania, Cyprus, Poland and Germany. Our work included reviewing and amending/commenting on the drafts of the Finance Documents and assistance in the negotiations with the lender - Accession Mezzanine Capital III LP. The team also assisted with the conditions precedent incident to the transaction and coordinated the team of legal advisors in each of the relevant jurisdictions.
A privately-owned healthcare investment company: advising on a EUR 21,000,000 mezzanine financing for the construction of a chain of clinics in Romania, Poland, Germany and France. Our team acted on behalf of the borrower as leader of a consortium of law firms from Romania, Cyprus, Poland and Germany. Our work included reviewing and amending/commenting on the drafts of the Finance Documents and assistance in the negotiations with the lender - Accession Mezzanine Capital III LP. The team also assisted with the conditions precedent incident to the transaction and coordinated the team of legal advisors in each of the relevant jurisdictions.
A Romanian commercial bank, member of the leading financial services provider in Central Europe: assistance in relation to EUR 20,000,000 term credit facilities to a Romanian energy group for the development, operation and maintenance of seven co-generation units in Brasov, Romania. Our finance, energy and real estate lawyers are providing full legal support to the lender, assisting on all legal matters related to this complex project, which is the first of this type in Romania.
A Romanian commercial bank, member of the leading financial services provider in Central Europe: assistance in relation to EUR 20,000,000 term credit facilities to a Romanian energy group for the development, operation and maintenance of seven co-generation units in Brașov, Romania. Our finance, energy and real estate lawyers are providing full legal support to the lender, assisting on all legal matters related to this complex project, which is the first of this type in Romania.
A Romanian bank owned by the French financial group Société Générale: assisting in relation to a EUR 20,000,000 multi-borrower facility agreement for refinancing the equity invested by a French group in three commercial developments in Bucharest and Constanta.
A Romanian bank owned by the French financial group Société Générale: assisting in relation to a EUR 20,000,000 multi-borrower facility agreement for refinancing the equity invested by a French group in three commercial developments in Bucharest and Constanta.
A Romanian bank owned by the French financial group Société Générale: assistance and representation in insolvency proceedings opened against several debtor companies in relation to receivables totalling approximately EUR 14,000,000, including assistance and representation in the creditors’ meeting and committee, as well as in relation to identifying strategies for maximising receivable recovery.
A Romanian bank owned by the French financial group Société Générale: assistance and representation in insolvency proceedings opened against several debtor companies in relation to receivables totalling approximately EUR 14,000,000, including assistance and representation in the creditors’ meeting and committee, as well as in relation to identifying strategies for maximising receivable recovery.
A Romanian bank owned by the French financial group Société Générale: assistance for implementing a complex restructuring of a multi-million Euros credit portfolio (i.e., loan agreements concluded with different legal entities and private persons, part of a Romanian group). Our work included conducting an extensive due diligence exercise on the loan agreements and related security agreements concluded with the borrowers – a Romanian group comprising various legal entities and private persons –, the development of the restructuring strategy, drafting the finance documents (i.e., loan agreement and security agreements) and of the other restructuring documentation (i.e., assignment agreements, debt takeover agreements), reviewing and amending/commenting on the finance documents and assistance in the negotiations. Our team developed different restructuring strategies for different categories of borrowers, including debt take-over (in Romanian “preluare de datorie”), assignment of debts and securities restructuring.
A Romanian bank owned by the French financial group Société Générale: assistance for implementing a complex restructuring of a multi-million Euros credit portfolio (i.e., loan agreements concluded with different legal entities and private persons, part of a Romanian group). Our work included conducting an extensive due diligence exercise on the loan agreements and related security agreements concluded with the borrowers – a Romanian group comprising various legal entities and private persons –, the development of the restructuring strategy, drafting the finance documents (i.e., loan agreement and security agreements) and of the other restructuring documentation (i.e., assignment agreements, debt takeover agreements), reviewing and amending/commenting on the finance documents and assistance in the negotiations. Our team developed different restructuring strategies for different categories of borrowers, including debt take-over (in Romanian “preluare de datorie”), assignment of debts and securities restructuring.
A Romanian bank owned by the French financial group Société Générale: assistance and representation in 22 disputes with the Romanian Consumer Protection Authority having as object the alleged abusive nature of certain clauses of the loan agreements concluded by the bank.
A Romanian bank owned by the French financial group Société Générale: assistance and representation in 22 disputes with the Romanian Consumer Protection Authority having as object the alleged abusive nature of certain clauses of the loan agreements concluded by the bank.
Advising a Romanian bank and a member of the National Bank of Greece Group, on two financing agreements entered into between the bank and Romanian and Cypriote energy investment groups with a total value of EUR 19,500,000. Our finance, energy and real estate lawyers have provided full legal support to the lender, assisting on all the legal matters related to these complex projects. Both projects are of particular importance given the current market conditions and the difficulties against which investors are confronted when accessing funds for renewable energy sources.
Advising a Romanian bank and a member of the National Bank of Greece Group, on two financing agreements entered into between the bank and Romanian and Cypriote energy investment groups with a total value of EUR 19,500,000. Our finance, energy and real estate lawyers have provided full legal support to the lender, assisting on all the legal matters related to these complex projects. Both projects are of particular importance given the current market conditions and the difficulties against which investors are confronted when accessing funds for renewable energy sources.
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Țuca Zbârcea & Asociații obtains a final ruling from the High Court of Cassation and Justice on wind turbine taxation [...]
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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 [...]
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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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