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Tuca Zbarcea & Asociatii secures top spot in IFLR 1000 rankings and receives the highest number of lawyer recommendations for Romania A total number of 38 law firms and 150 lawyers have made it to the final rankings of IFLR 1000. As well as being one of the highest ranked law firms, Tuca Zbarcea & Asociatii also received the largest number of lawyer nominations in Romania. The firm achieved Tier One rankings in three areas of practice undergoing research this year: Banking and finance, Mergers and Acquisitions, and Project Development and Tier Two in Capital Markets (Debt & Equity). Moreover, 16 lawyers at the firm were acclaimed for their professional activity, this being the highest number of lawyer recommendations in Romania. A total number of 38 law firms and 150 lawyers have made it to the final rankings of IFLR 1000. As well as being one of the highest ranked law firms, Tuca Zbarcea & Asociatii also received the largest number of lawyer nominations in Romania. Tuca Zbarcea & Asociatii reconfirms its top-notch position in the financial and corporate market, according to the final rankings of IFLR 1000 for the research period 2020/2021. The firm achieved Tier One rankings in three areas of practice undergoing research this year: Banking and finance, Mergers and Acquisitions, and Project Development and Tier Two in Capital Markets (Debt & Equity). Moreover, 16 lawyers at the firm were acclaimed for their professional activity, this being the highest number of lawyer recommendations in Romania. Generally speaking, Tuca Zbarcea & Asociatii received praise for its work in all areas of practice, with clients appreciating the team's passion for law, professionalism, expertise and client value. As such, one of the firm's clients says: "In terms of Financing expertise, this firm is top-notch. They offer well-informed guidance and accurate risk assessments. They have a reputation for being excellent banking and finance lawyers: they deal with so many financing cases that they know exactly what both the lenders and the borrowers expect from them". Another client attests: "The team is well organised and provides an efficient, client-centric M&A service. They can always be trusted to get things done. Actually, all their M&A lawyers are incredibly approachable and insightful." Further, "as regards PPP and concessions work, they are the best. Their knowledge of all applicable laws and regulations, including at EU level is simply amazing." Lastly, the firm's Capital markets team is rated "amongst the best teams in the market as regards both debt and equity capital market work. The team is technically very good, and experienced with various types of capital markets work. Also very good on the regulatory side." 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. Further details are available here.
October 15, 2021
Țuca Zbârcea & Asociații secures top spot in IFLR 1000 rankings and receives the highest number of lawyer recommendations for Romania

A total number of 38 law firms and 150 lawyers have made it to the final rankings of IFLR 1000. As well as being one of the highest ranked law firms, Țuca Zbârcea & Asociații also received the largest number of lawyer nominations in Romania.

The firm achieved Tier One rankings in three areas of practice undergoing research this year: Banking and finance, Mergers and Acquisitions, and Project Development and Tier Two in Capital Markets (Debt & Equity). Moreover, 16 lawyers at the firm were acclaimed for their professional activity, this being the highest number of lawyer recommendations in Romania. [+]

A total number of 38 law firms and 150 lawyers have made it to the final rankings of IFLR 1000. As well as being one of the highest ranked law firms, Țuca Zbârcea & Asociații also received the largest number of lawyer nominations in Romania.

Țuca Zbârcea & Asociații reconfirms its top-notch position in the financial and corporate market, according to the final rankings of IFLR 1000 for the research period 2020/2021. The firm achieved Tier One rankings in three areas of practice undergoing research this year: Banking and finance, Mergers and Acquisitions, and Project Development and Tier Two in Capital Markets (Debt & Equity).

Moreover, 16 lawyers at the firm were acclaimed for their professional activity, this being the highest number of lawyer recommendations in Romania.

Generally speaking, Țuca Zbârcea & Asociații received praise for its work in all areas of practice, with clients appreciating the team's passion for law, professionalism, expertise and client value.

As such, one of the firm's clients says: "In terms of Financing expertise, this firm is top-notch. They offer well-informed guidance and accurate risk assessments. They have a reputation for being excellent banking and finance lawyers: they deal with so many financing cases that they know exactly what both the lenders and the borrowers expect from them".

Another client attests: "The team is well organised and provides an efficient, client-centric M&A service. They can always be trusted to get things done. Actually, all their M&A lawyers are incredibly approachable and insightful."

Further, "as regards PPP and concessions work, they are the best. Their knowledge of all applicable laws and regulations, including at EU level is simply amazing."

Lastly, the firm's Capital markets team is rated "amongst the best teams in the market as regards both debt and equity capital market work. The team is technically very good, and experienced with various types of capital markets work. Also very good on the regulatory side."

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.

Further details are available here.

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Tuca Zbarcea & Asociatii and Kellerhals Carrard advised Autonet Group Holding (AGH), part of the Swiss Automotive Group (SAG) in acquiring a majority stake in Augsburg International Shareholders of Autonet Group Holding (AGH), an integral part of the Swiss Automotive Group (SAG), ranked fifth in the European aftermarket sector, have reached an agreement with Augsburg International, one of Romania's most important independent auto parts distributors. The legal team from Tuca Zbarcea & Asociatii assisting Autonet Group Holding (AGH) included Partner Ciprian Dragomir and Managing Associate Andreea Oprisan, among others. Shareholders of Autonet Group Holding (AGH), an integral part of the Swiss Automotive Group (SAG), ranked fifth in the European aftermarket sector, have reached an agreement with Augsburg International, one of Romania's most important independent auto parts distributors. According to the agreement, Autonet Group Holding (AGH) acquires a majority stake (51%) in Augsburg International. A strong team of lawyers, financial advisors and business consultants acted on the buy-side, with Tuca Zbarcea & Asociatii(Romania) and Kellerhals Carrard (Switzerland) covering the M&A/corporate, intellectual property and competition related issues for Autonet Group Holding (AGH), part of the Swiss Automotive Group (SAG). Also, Deloitte and Mazars offered financial and strategic advice to the buyer. The legal team from Tuca Zbarcea & Asociatii assisting Autonet Group Holding (AGH) included Partner Ciprian Dragomir and Managing Associate Andreea Oprisan, among others. The completion of the transaction is contingent on the receipt of all the necessary approvals from the regulatory authority. Further to the deal, the SAG-AGH group gains two positions in the European top of spare parts distributors. More info on this transaction is available here.
October 8, 2021
Țuca Zbârcea & Asociații and Kellerhals Carrard advised Autonet Group Holding (AGH), part of the Swiss Automotive Group (SAG) in acquiring a majority stake in Augsburg International
Shareholders of Autonet Group Holding (AGH), an integral part of the Swiss Automotive Group (SAG), ranked fifth in the European aftermarket sector, have reached an agreement with Augsburg International, one of Romania's most important independent auto parts distributors. The legal team from Țuca Zbârcea & Asociații assisting Autonet Group Holding (AGH) included Partner Ciprian Dragomir and Managing Associate Andreea Oprișan, among others. [+]

Shareholders of Autonet Group Holding (AGH), an integral part of the Swiss Automotive Group (SAG), ranked fifth in the European aftermarket sector, have reached an agreement with Augsburg International, one of Romania's most important independent auto parts distributors. According to the agreement, Autonet Group Holding (AGH) acquires a majority stake (51%) in Augsburg International.

A strong team of lawyers, financial advisors and business consultants acted on the buy-side, with Țuca Zbârcea & Asociații(Romania) and Kellerhals Carrard (Switzerland) covering the M&A/corporate, intellectual property and competition related issues for Autonet Group Holding (AGH), part of the Swiss Automotive Group (SAG). Also, Deloitte and Mazars offered financial and strategic advice to the buyer.

The legal team from Țuca Zbârcea & Asociații assisting Autonet Group Holding (AGH) included Partner Ciprian Dragomir and Managing Associate Andreea Oprișan, among others.

The completion of the transaction is contingent on the receipt of all the necessary approvals from the regulatory authority. Further to the deal, the SAG-AGH group gains two positions in the European top of spare parts distributors.

More info on this transaction is available here.

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Tuca Zbarcea & Asociatii prevails in a EUR 8 million dispute for an international transport operator on reclassification of daily allowances as salary income Tuca Zbarcea & Asociatii has obtained the annulment of the precautionary measures and stay of the enforcement initiated against an international transport operator as a result of the National Agency for Fiscal Administration's assessment notices reclassifying daily allowances as salary income. Tuca Zbarcea & Asociatii has obtained the annulment of the precautionary measures and stay of the enforcement initiated against an international transport operator as a result of the National Agency for Fiscal Administration's assessment notices reclassifying daily allowances as salary income. A mixed team of lawyers and tax consultants from Tuca Zbarcea & Asociatii and Tuca Zbarcea & Asociatii Tax successfully assisted and represented in court an international road transport operator, for staying enforcement of the notices issued by the tax authorities. The tax assessment notices by which the Romanian tax authorities reclassified the secondment/delegation allowance (per diem) into salary income are likely to be stayed if a serious violation of the Romanian and EU legislation on transnational secondment/delegation under the Labour Code and the related tax legislation can be demonstrated. In the most recent case of Tuca Zbarcea & Asociatii, on 28 September 2021 the Oradea Court of Appeal handed down a judgment staying enforcement of the assessment notices that established main and accessory tax liabilities of approximately RON 39 million (approximately EUR 8 million), as a result of an inspection in which the tax authorities had deemed that the amounts granted to drivers as daily allowances should be treated as salary and, consequently, should be subject to taxation. Such judgments confirm a model of good judicial practice in analysing the conditions of legality that the tax inspection bodies should comply with and apply. Moreover, the stay of enforcement of these tax obligations has a major impact on the transport operators' financial and legal stability, and it is enforceable by operation of law. As a result, the concerned operators are also protected from any enforcement or insolvency proceedings that the tax authorities might open. Tuca Zbarcea & Asociatii regularly represents clients before the tax authorities and the courts in tax disputes such as those referred above. The team includes Ioana Hrisafi (Partner) and Mihail Petcu (Senior Associate) and is supported by a team of tax advisors within Tuca Zbarcea & Asociatii Tax - Ramona Chitu (Tax Director) and Andreea Florian (Senior Tax Manager). Even if there is talk of a tax amnesty on payment obligations resulting from the reclassification of daily allowances as salary, Tuca Zbarcea & Asociatii recommends international road transport operators to rigorously prepare for tax inspections, and to carefully analyse the findings of the tax authorities.
October 1, 2021
Țuca Zbârcea & Asociații prevails in a EUR 8 million dispute for an international transport operator on reclassification of daily allowances as salary income
Țuca Zbârcea & Asociații has obtained the annulment of the precautionary measures and stay of the enforcement initiated against an international transport operator as a result of the National Agency for Fiscal Administration's assessment notices reclassifying daily allowances as salary income. [+]

Țuca Zbârcea & Asociații has obtained the annulment of the precautionary measures and stay of the enforcement initiated against an international transport operator as a result of the National Agency for Fiscal Administration's assessment notices reclassifying daily allowances as salary income.

A mixed team of lawyers and tax consultants from Țuca Zbârcea & Asociații and Țuca Zbârcea & Asociații Tax successfully assisted and represented in court an international road transport operator, for staying enforcement of the notices issued by the tax authorities. The tax assessment notices by which the Romanian tax authorities reclassified the secondment/delegation allowance (per diem) into salary income are likely to be stayed if a serious violation of the Romanian and EU legislation on transnational secondment/delegation under the Labour Code and the related tax legislation can be demonstrated.

In the most recent case of Țuca Zbârcea & Asociații, on 28 September 2021 the Oradea Court of Appeal handed down a judgment staying enforcement of the assessment notices that established main and accessory tax liabilities of approximately RON 39 million (approximately EUR 8 million), as a result of an inspection in which the tax authorities had deemed that the amounts granted to drivers as daily allowances should be treated as salary and, consequently, should be subject to taxation.

Such judgments confirm a model of good judicial practice in analysing the conditions of legality that the tax inspection bodies should comply with and apply. Moreover, the stay of enforcement of these tax obligations has a major impact on the transport operators' financial and legal stability, and it is enforceable by operation of law. As a result, the concerned operators are also protected from any enforcement or insolvency proceedings that the tax authorities might open.

Țuca Zbârcea & Asociații regularly represents clients before the tax authorities and the courts in tax disputes such as those referred above. The team includes Ioana Hrisafi (Partner) and Mihail Petcu (Senior Associate) and is supported by a team of tax advisors within Țuca Zbârcea & Asociații Tax - Ramona Chițu (Tax Director) and Andreea Florian (Senior Tax Manager).

Even if there is talk of a tax amnesty on payment obligations resulting from the reclassification of daily allowances as salary, Țuca Zbârcea & Asociații recommends international road transport operators to rigorously prepare for tax inspections, and to carefully analyse the findings of the tax authorities.

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Tuca Zbarcea & Asociatii, Legal Partner of F&B Business Accelerator for third year in a row For several years now, Tuca Zbarcea & Asociatii has been actively supporting Hospitality Culture Institute in its efforts to implement the HoReCa Business Accelerator, an innovative short-term program providing education and mentorship to start-ups from the hospitality industry. For several years now, Tuca Zbarcea & Asociatii has been actively supporting Hospitality Culture Institute in its efforts to implement the HoReCa Business Accelerator, an innovative short-term program providing education and mentorship to start-ups from the hospitality industry. After a very successful start and with two cohorts graduating the program already, the HoReCa Business Accelerator has recently rebranded itself into F&B Business Accelerator as to better reflect its new focus on (1) Food & Beverages Products; (2) Food & Beverages Serving Concepts and (3) Technology for the Food & Beverages Industry. We are currently accepting registrations for cohort #3 until October 25. Together with other HoReCa leaders, academic personnel, entrepreneurs and business angels, we are really looking forward to meeting the next leaders and entrepreneurs of the hospitality and food-tech industry and helping them scale their businesses up! More details are available here.
September 27, 2021
Țuca Zbârcea & Asociații, Legal Partner of F&B Business Accelerator for third year in a row
For several years now, Țuca Zbârcea & Asociații has been actively supporting Hospitality Culture Institute in its efforts to implement the HoReCa Business Accelerator, an innovative short-term program providing education and mentorship to start-ups from the hospitality industry. [+]

For several years now, Țuca Zbârcea & Asociații has been actively supporting Hospitality Culture Institute in its efforts to implement the HoReCa Business Accelerator, an innovative short-term program providing education and mentorship to start-ups from the hospitality industry.

After a very successful start and with two cohorts graduating the program already, the HoReCa Business Accelerator has recently rebranded itself into F&B Business Accelerator as to better reflect its new focus on (1) Food & Beverages Products; (2) Food & Beverages Serving Concepts and (3) Technology for the Food & Beverages Industry.

We are currently accepting registrations for cohort #3 until October 25. Together with other HoReCa leaders, academic personnel, entrepreneurs and business angels, we are really looking forward to meeting the next leaders and entrepreneurs of the hospitality and food-tech industry and helping them scale their businesses up!

More details are available here.

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Expert Guide Rising Stars 2021: Tuca Zbarcea & Asociatii received the highest number of nominations in Romania Tuca Zbarcea & Asociatii received the highest number of nominations in Romania in the recent Euromoney's Expert Guide Rising Stars 2021 publication. As such, five lawyers from the firm's Real Estate, Commercial Arbitration, Transfer Pricing, Litigation, Corporate and M&A teams were recognised for their activity and track record of successful projects. Tuca Zbarcea & Asociatii received the highest number of nominations in Romania in the recent Euromoney's Expert Guide Rising Stars 2021 publication. As such, five lawyers from the firm's Real Estate, Commercial Arbitration, Transfer Pricing, Litigation, Corporate and M&A teams were recognised for their activity and track of successful projects. Congratulations to the following lawyers: Raluca Misu (Managing Associate) / Real Estate Ruxandra Nita (Managing Associate) / Commercial Arbitration Narcisa Ichim (Tax Director) / Transfer Pricing Dan Cristea (Partner) / Litigation Ciprian Timofte (Partner) / Corporate and M&A Euromoney's Expert Guide Rising Stars 2021 represents a listing of the brightest and most talented practitioners in the area of business law and related practices. More details: https://www.expertguides.com/pdfs/RS-2021.pdf
September 23, 2021
Expert Guide Rising Stars 2021: Țuca Zbârcea & Asociații received the highest number of nominations in Romania
Țuca Zbârcea & Asociații received the highest number of nominations in Romania in the recent Euromoney's Expert Guide Rising Stars 2021 publication. As such, five lawyers from the firm's Real Estate, Commercial Arbitration, Transfer Pricing, Litigation, Corporate and M&A teams were recognised for their activity and track record of successful projects. [+]

Țuca Zbârcea & Asociații received the highest number of nominations in Romania in the recent Euromoney's Expert Guide Rising Stars 2021 publication. As such, five lawyers from the firm's Real Estate, Commercial Arbitration, Transfer Pricing, Litigation, Corporate and M&A teams were recognised for their activity and track of successful projects.

Congratulations to the following lawyers:

  • Raluca Mișu (Managing Associate) / Real Estate
  • Ruxandra Niță (Managing Associate) / Commercial Arbitration
  • Narcisa Ichim (Tax Director) / Transfer Pricing
  • Dan Cristea (Partner) / Litigation
  • Ciprian Timofte (Partner) / Corporate and M&A

Euromoney's Expert Guide Rising Stars 2021 represents a listing of the brightest and most talented practitioners in the area of business law and related practices.

More details: https://www.expertguides.com/pdfs/RS-2021.pdf

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Real estate team from leading Romanian law firm Tuca Zbarcea & Asociatii advises on record industrial investment transaction Zacaria Industrial sold around 112,000 sqm of industrial space representing parks in four cities to CTP, the largest developer of industrial and logistics parks in the CEE region. The new capital will allow Zacaria to support an organic growth, focused on the development of industrial parks, shopping centers and residential projects. Zacaria Industrial sold around 112,000 sqm of industrial space representing parks in four cities to CTP, the largest developer of industrial and logistics parks in the CEE region. The new capital will allow Zacaria to support an organic growth, focused on the development of industrial parks, shopping centers and residential projects. The record transaction of the year, mediated by Avison Young through David Canta, targeted four industrial parks in Sibiu, Craiova, Oradea and Arad, with an occupancy rate of 100%. Zacaria also benefited from the support of an experienced team of lawyers from Tuca Zbarcea & Asociatii, led by Partners Razvan Gheorghiu-Testa and Dragos Apostol. In a press statement, Scifo Diamantino, CEO of Zacaria said the company "will continue to develop new industrial parks, first in Sibiu and Pitesti. Moreover, we will accelerate the construction of residential complexes. At the same time, the capital infusion will be directed to new business lines that we want to open in Romania, especially in the retail sector". More info on this deal is available here.
September 17, 2021
Real estate team from leading Romanian law firm Țuca Zbârcea & Asociații advises on record industrial investment transaction
Zacaria Industrial sold around 112,000 sqm of industrial space representing parks in four cities to CTP, the largest developer of industrial and logistics parks in the CEE region. The new capital will allow Zacaria to support an organic growth, focused on the development of industrial parks, shopping centers and residential projects. [+]

Zacaria Industrial sold around 112,000 sqm of industrial space representing parks in four cities to CTP, the largest developer of industrial and logistics parks in the CEE region. The new capital will allow Zacaria to support an organic growth, focused on the development of industrial parks, shopping centers and residential projects.

The record transaction of the year, mediated by Avison Young through David Canta, targeted four industrial parks in Sibiu, Craiova, Oradea and Arad, with an occupancy rate of 100%. Zacaria also benefited from the support of an experienced team of lawyers from Țuca Zbârcea & Asociații, led by Partners Răzvan Gheorghiu-Testa and Dragoș Apostol.

In a press statement, Scifo Diamantino, CEO of Zacaria said the company "will continue to develop new industrial parks, first in Sibiu and Pitești. Moreover, we will accelerate the construction of residential complexes. At the same time, the capital infusion will be directed to new business lines that we want to open in Romania, especially in the retail sector".

More info on this deal is available here.

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Tuca Zbarcea & Asociatii advises Electrica on buying 207 MW wind and solar projects from Monsson Electrica has announced it bought shares in three project companies that are developing a portfolio totalling 207MW of renewable energy. The Romanian company relied on Tuca Zbarcea & Asociatii for legal advice on the deal. Partner Sorin Vladescu led the team, alongside Managing Associates Nisa Jecu, Alexandra Peres and Andreea Oprisan. Electrica has announced it bought shares in three project companies that are developing a portfolio totalling 207MW of renewable energy. The Romanian company relied on Tuca Zbarcea & Asociatii for legal advice on the deal. Social shares in three project companies owned by Monsson, consisting of two photovoltaic parks in the Satu Mare area and a wind farm in the Dobrogea area have been recently bought by Electrica, Romania's distribution and supply company, thus reconfirming "the commitment of the Electrica Group towards the development of the electricity production sector from renewable resources", according to the company's representatives. A multidisciplinary team from Tuca Zbarcea & Asociatii comprising lawyers specialising in Energy, Corporate and Commercial, Mergers and Acquisitions, Real Estate, Competition, Environmental Law acted for the buyer. The firm advised with respect to the due diligence of the target companies, on the structuring of the transaction and with respect to the drafting of relevant transactions documents, as well as in the negotiations with the sellers and the creditors. Partner Sorin Vladescu led the team, alongside Managing Associates Nisa Jecu, Alexandra Peres and Andreea Oprisan. Ernst & Young acted as financial consultant for Electrica. The official announcement of Electrica may be found here.
August 17, 2021
Țuca Zbârcea & Asociații advises Electrica on buying 207 MW wind and solar projects from Monsson
Electrica has announced it bought shares in three project companies that are developing a portfolio totalling 207MW of renewable energy. The Romanian company relied on Țuca Zbârcea & Asociații for legal advice on the deal. Partner Sorin Vlădescu led the team, alongside Managing Associates Nisa Jecu, Alexandra Pereș and Andreea Oprișan. [+]

Electrica has announced it bought shares in three project companies that are developing a portfolio totalling 207MW of renewable energy. The Romanian company relied on Țuca Zbârcea & Asociații for legal advice on the deal.

Social shares in three project companies owned by Monsson, consisting of two photovoltaic parks in the Satu Mare area and a wind farm in the Dobrogea area have been recently bought by Electrica, Romania's distribution and supply company, thus reconfirming "the commitment of the Electrica Group towards the development of the electricity production sector from renewable resources", according to the company's representatives.

A multidisciplinary team from Țuca Zbârcea & Asociații comprising lawyers specialising in Energy, Corporate and Commercial, Mergers and Acquisitions, Real Estate, Competition, Environmental Law acted for the buyer. The firm advised with respect to the due diligence of the target companies, on the structuring of the transaction and with respect to the drafting of relevant transactions documents, as well as in the negotiations with the sellers and the creditors.

Partner Sorin Vlădescu led the team, alongside Managing Associates Nisa Jecu, Alexandra Pereș and Andreea Oprișan.

Ernst & Young acted as financial consultant for Electrica.

The official announcement of Electrica may be found here.

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Real Estate Partner and Founder of Tuca Zbarcea & Asociatii, recognised as one of the Top 50 Most Influential People on the Real Estate market Property Forum has recently launched the inaugural edition of its annual publication "The 50 Most Influential People on Romania's Real Estate Market". Razvan Gheorghiu-Testa, Partner at Tuca Zbarcea & Asociatii and co-head of the firm's Real Estate practice group has been included on the list of the most notable people in the Romanian real estate market. Property Forum has recently launched the inaugural edition of its annual publication "The 50 Most Influential People on Romania's Real Estate Market". In spite of the challenges and difficulties raised by the pandemic, the Property Forum list honours 50 professionals with intense activity in the real estate sector and who have led major projects over the past 15 months. The selection includes top executives from construction companies and developers of office, residential, industrial and logistics projects, as well as real estate advisors and investment consultants, such as lawyers, bankers, investment directors, sales managers etc. Property Forum listed Razvan Gheorghiu-Testa, Founder of Tuca Zbarcea & Asociatii and co-head of the firm's Real Estate practice group amongst the most influential professionals on the real estate market. He has been practicing law for the past 25 years, focusing primarily on real estate, corporate/M&A and tax matters. He is a Fellow Member of the Royal Institution of Chartered Surveyors (FRICS) and serves as Board Member of RICS Romania. In addition, Razvan is recommended as a "Leading Lawyer" and ranked as a top tier professional in real estate by reputed international legal directories such as Chambers Europe, Legal 500. Property Forum says that Romania's real estate market continued its dynamic growth in the past 15 months even under the challenging circumstances resulting from the COVID-19 pandemic, this being the reason for the launch of "The 50 Most Influential People on Romania's Real Estate Market". According to the editors, "the top 50 list has been put together based on various criteria, such as market share, local and global rankings, past and current market activity, expansion plans, participation in deals that defined 2020 and the first months of 2021, media and event appearances and social media activity". "The 50 Most Influential People on Romania's Real Estate Market" is available on Property Forum's website.
July 1, 2021
Real Estate Partner and Founder of Țuca Zbârcea & Asociații, recognised as one of the Top 50 Most Influential People on the Real Estate market
Property Forum has recently launched the inaugural edition of its annual publication "The 50 Most Influential People on Romania's Real Estate Market". Răzvan Gheorghiu-Testa, Partner at Țuca Zbârcea & Asociații and co-head of the firm's Real Estate practice group has been included on the list of the most notable people in the Romanian real estate market. [+]

Property Forum has recently launched the inaugural edition of its annual publication "The 50 Most Influential People on Romania's Real Estate Market". In spite of the challenges and difficulties raised by the pandemic, the Property Forum list honours 50 professionals with intense activity in the real estate sector and who have led major projects over the past 15 months. The selection includes top executives from construction companies and developers of office, residential, industrial and logistics projects, as well as real estate advisors and investment consultants, such as lawyers, bankers, investment directors, sales managers etc.

Property Forum listed Răzvan Gheorghiu-Testa, Founder of Țuca Zbârcea & Asociații and co-head of the firm's Real Estate practice group amongst the most influential professionals on the real estate market. He has been practicing law for the past 25 years, focusing primarily on real estate, corporate/M&A and tax matters. He is a Fellow Member of the Royal Institution of Chartered Surveyors (FRICS) and serves as Board Member of RICS Romania. In addition, Răzvan is recommended as a "Leading Lawyer" and ranked as a top tier professional in real estate by reputed international legal directories such as Chambers Europe, Legal 500.

Property Forum says that Romania's real estate market continued its dynamic growth in the past 15 months even under the challenging circumstances resulting from the COVID-19 pandemic, this being the reason for the launch of "The 50 Most Influential People on Romania's Real Estate Market". According to the editors, "the top 50 list has been put together based on various criteria, such as market share, local and global rankings, past and current market activity, expansion plans, participation in deals that defined 2020 and the first months of 2021, media and event appearances and social media activity".

"The 50 Most Influential People on Romania's Real Estate Market" is available on Property Forum's website.

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