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Tax Hot Spots 2022 - Autumn special edition is coming up in September! Tuca Zbarcea & Asociatii Tax will host yet another Tax Hot Spots 2022 seminar focused on the main fiscal topics of the moment. Highly-experienced speakers will closely analyse the tax inspections which have been carried out lately, and will discuss about the most suitable approach from the perspective of a taxpayer in relation thereto, while also pointing out to the topics or areas of activity of interest for the tax authorities in the next period, and the most important tax procedure aspects that taxpayers need to consider during a tax audit. Tuca Zbarcea & Asociatii Tax will host yet another Tax Hot Spots 2022 seminar focused on the main fiscal topics of the moment. Highly-experienced speakers will closely analyse the tax inspections which have been carried out lately, and will discuss about the most suitable approach from the perspective of a taxpayer in relation thereto, while also pointing out to the topics or areas of activity of interest for the tax authorities in the next period, and the most important tax procedure aspects that taxpayers need to consider during a tax audit. Our experts will give recommendations and examples of good practice on this subject and they will also review the most relevant legislative news. The Tax Hot Spots 2022 seminar will take place on 28 September at the Novotel Hotel in Bucharest (Calea Victoriei nr. 37B), Paris Rive Gauche Hall. Main topics and event agenda: 09.00 am - 10.45 am - Session I The current economic and fiscal context Legislative news with a direct impact on economic activity, regarding, among others, direct taxes and local taxes 10.45 am - 11.00 am - Coffee break 11.00 am - 12.30 pm - Session 2 Recent legislative changes regarding VAT and the relevant jurisprudence of the CJEU Legislative news regarding the tax procedure that may change the interaction with the tax authorities The facilities and methods of fiscal optimisation Digitalisation of ANAF (e-Invoice, e-Transport, SAF-T) and its impact on your business and economic activity 12.30 pm - 01.15 pm - Lunch 01.15 pm - 01.45 pm - Session 3 Financing opportunities and available programs Approach to tax authorities and practical aspects encountered in tax inspections and disputes 02.45 pm - 03.00 pm - Final conclusions and remarks Speakers: Alexandru CRISTEA - Tax Partner, Tuca Zbarcea & Asociatii Tax Ramona CHITU - Tax Partner, Tuca Zbarcea & Asociatii Tax Narcisa ICHIM - Tax Director, Tuca Zbarcea & Asociatii Tax Cristian VELCU - Tax Director, Tuca Zbarcea & Asociatii Tax Alexandra BARBAIANI - Tax Manager, Tuca Zbarcea & Asociatii Tax Vlad TANASE - Tax Manager, Tuca Zbarcea & Asociatii Tax Andreea CARP - EU Funds consultant For more information regarding registration please download the attached file. The full agenda is available here.
September 14, 2022
Tax Hot Spots 2022 - Autumn special edition is coming up in September!
Țuca Zbârcea & Asociații Tax will host yet another Tax Hot Spots 2022 seminar focused on the main fiscal topics of the moment. Highly-experienced speakers will closely analyse the tax inspections which have been carried out lately, and will discuss about the most suitable approach from the perspective of a taxpayer in relation thereto, while also pointing out to the topics or areas of activity of interest for the tax authorities in the next period, and the most important tax procedure aspects that taxpayers need to consider during a tax audit. [+]

Țuca Zbârcea & Asociații Tax will host yet another Tax Hot Spots 2022 seminar focused on the main fiscal topics of the moment. Highly-experienced speakers will closely analyse the tax inspections which have been carried out lately, and will discuss about the most suitable approach from the perspective of a taxpayer in relation thereto, while also pointing out to the topics or areas of activity of interest for the tax authorities in the next period, and the most important tax procedure aspects that taxpayers need to consider during a tax audit.

Our experts will give recommendations and examples of good practice on this subject and they will also review the most relevant legislative news.

The Tax Hot Spots 2022 seminar will take place on 28 September at the Novotel Hotel in Bucharest (Calea Victoriei nr. 37B), Paris Rive Gauche Hall.

Main topics and event agenda:

09.00 am - 10.45 am - Session I

  • The current economic and fiscal context
  • Legislative news with a direct impact on economic activity, regarding, among others, direct taxes and local taxes

10.45 am - 11.00 am - Coffee break

11.00 am - 12.30 pm - Session 2

  • Recent legislative changes regarding VAT and the relevant jurisprudence of the CJEU
  • Legislative news regarding the tax procedure that may change the interaction with the tax authorities
  • The facilities and methods of fiscal optimisation
  • Digitalisation of ANAF (e-Invoice, e-Transport, SAF-T) and its impact on your business and economic activity

12.30 pm - 01.15 pm - Lunch

01.15 pm - 01.45 pm - Session 3

  • Financing opportunities and available programs
  • Approach to tax authorities and practical aspects encountered in tax inspections and disputes 

02.45 pm - 03.00 pm - Final conclusions and remarks

Speakers:

  • Alexandru CRISTEA - Tax Partner, Țuca Zbârcea & Asociații Tax
  • Ramona CHIȚU - Tax Partner, Țuca Zbârcea & Asociații Tax
  • Narcisa ICHIM - Tax Director, Țuca Zbârcea & Asociații Tax
  • Cristian VELCU - Tax Director, Țuca Zbârcea & Asociații Tax
  • Alexandra BARBAIANI - Tax Manager, Țuca Zbârcea & Asociații Tax
  • Vlad TĂNASE - Tax Manager, Țuca Zbârcea & Asociații Tax
  • Andreea CARP - EU Funds consultant 

For more information regarding registration please download the attached file.

The full agenda is available here.

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Tuca Zbarcea & Asociatii advises on the largest deal of non-performing assets on the Romanian market in 2022 Bank of Cyprus has recently concluded the sale of a corporate portfolio with a face value of around EUR 147 million to an entity part of the APS group. Tuca Zbarcea & Asociatii acted on buyer's side, covering all the legal and financial aspects of the transaction with a team led by Partner Mihai Dudoiu together with Sergiu Negreanu (Managing Associate) and Sorina Stefoni (Associate). Bank of Cyprus has recently concluded the sale of a corporate portfolio with a face value of around EUR 147 million to an entity part of the APS group. The sale of a residual Romanian portfolio of non-performing assets held by the Cypriot group was made in the context of Bank of Cyprus' decision to wind down its operations in Romania, which was gradually implemented over the last years. Tuca Zbarcea & Asociatii acted on buyer's side, covering all the legal and financial aspects of the transaction with a team led by Partner Mihai Dudoiu together with Sergiu Negreanu (Managing Associate) and Sorina Stefoni (Associate). The transaction was signed in May 2022 and closed on August 24, 2022, after clearance by the Romanian Competition Council. This is the largest deal of non-performing assets on the Romanian market in 2022.
August 25, 2022
Țuca Zbârcea & Asociații advises on the largest deal of non-performing assets on the Romanian market in 2022

Bank of Cyprus has recently concluded the sale of a corporate portfolio with a face value of around EUR 147 million to an entity part of the APS group. Țuca Zbârcea & Asociații acted on buyer's side, covering all the legal and financial aspects of the transaction with a team led by Partner Mihai Dudoiu together with Sergiu Negreanu (Managing Associate) and Sorina Ștefoni (Associate). [+]

Bank of Cyprus has recently concluded the sale of a corporate portfolio with a face value of around EUR 147 million to an entity part of the APS group.

The sale of a residual Romanian portfolio of non-performing assets held by the Cypriot group was made in the context of Bank of Cyprus' decision to wind down its operations in Romania, which was gradually implemented over the last years.

Țuca Zbârcea & Asociații acted on buyer's side, covering all the legal and financial aspects of the transaction with a team led by Partner Mihai Dudoiu together with Sergiu Negreanu (Managing Associate) and Sorina Ștefoni (Associate).

The transaction was signed in May 2022 and closed on August 24, 2022, after clearance by the Romanian Competition Council.

This is the largest deal of non-performing assets on the Romanian market in 2022.

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Tuca Zbarcea & Asociatii advises Speedwell on selling a controlling stake of 75% in the Miro office building Strategic investor Hili Properties, part of Hili Ventures, has purchased a controlling stake of 75% in the Miro office building, developed by Speedwell in northern Bucharest. The remaining stake in the project will remain in the developer's ownership for another two years. The seller was advised by Tuca Zbarcea & Asociatii with a team led by Partner Razvan Gheorghiu-Testa (Real Estate) and Partner Horia Ispas (Corporate and M&A) with help from Managing Associate Vera Aman. The financing matters were handled by Partner Mihai Dudoiu and Managing Associate Catalin Georgescu. Strategic investor Hili Properties, part of Hili Ventures, has purchased a controlling stake of 75% in the Miro office building, developed by Speedwell in northern Bucharest. The remaining stake in the project will remain in the developer's ownership for another two years. The office building with a 23,000 sqm area was delivered at the end of 2021 and is almost fully leased to Romanian and multinational firms. "This transaction once again proves that a quality asset always attracts a quality buyer, not in the least because it attracts high-quality tenants. We are very happy to have Hili Properties as our partner for MIRO, knowing that our visions are aligned in properly managing, maintaining, and further developing MIRO as one of the key office locations in the Baneasa area." said Didier Balcaen, CEO and Co-Founder Speedwell. The seller was advised by Tuca Zbarcea & Asociatii with a team led by Partner Razvan Gheorghiu-Testa (Real Estate) and Partner Horia Ispas (Corporate and M&A) with help from Managing Associate Vera Aman. The financing matters were handled by Partner Mihai Dudoiu and Managing Associate Catalin Georgescu. More details can be found here.
August 11, 2022
Țuca Zbârcea & Asociații advises Speedwell on selling a controlling stake of 75% in the Miro office building
Strategic investor Hili Properties, part of Hili Ventures, has purchased a controlling stake of 75% in the Miro office building, developed by Speedwell in northern Bucharest. The remaining stake in the project will remain in the developer's ownership for another two years. The seller was advised by Țuca Zbârcea & Asociații with a team led by Partner Răzvan Gheorghiu-Testa (Real Estate) and Partner Horia Ispas (Corporate and M&A) with help from Managing Associate Vera Aman. The financing matters were handled by Partner Mihai Dudoiu and Managing Associate Cătălin Georgescu. [+]

Strategic investor Hili Properties, part of Hili Ventures, has purchased a controlling stake of 75% in the Miro office building, developed by Speedwell in northern Bucharest. The remaining stake in the project will remain in the developer's ownership for another two years.

The office building with a 23,000 sqm area was delivered at the end of 2021 and is almost fully leased to Romanian and multinational firms. 

"This transaction once again proves that a quality asset always attracts a quality buyer, not in the least because it attracts high-quality tenants. We are very happy to have Hili Properties as our partner for MIRO, knowing that our visions are aligned in properly managing, maintaining, and further developing MIRO as one of the key office locations in the Baneasa area." said Didier Balcaen, CEO and Co-Founder Speedwell.

The seller was advised by Țuca Zbârcea & Asociații with a team led by Partner Răzvan Gheorghiu-Testa (Real Estate) and Partner Horia Ispas (Corporate and M&A) with help from Managing Associate Vera Aman. The financing matters were handled by Partner Mihai Dudoiu and Managing Associate Cătălin Georgescu.

More details can be found here.

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Tuca Zbarcea & Asociatii successfully advises MOL Romania on the opening of the first two service stations located on the A2 Motorway Tuca Zbarcea & Asociatii advised MOL Romania Petroleum Products S.R.L. on all legal matters regarding the design, authorisation and execution phase of the service stations located on the A2 Motorway. The MOL Murfatlar stations are part of the service concession contract concluded with the National Company for Road Infrastructure Administration (CNAIR) at the beginning of 2021. The legal team consists of Serban Paslaru (Partner), Iuliana Leon, (Managing Associate), Serban Sarbu (Associate), lawyers with extensive expertise in PPP/PFI projects. Tuca Zbarcea & Asociatii advised MOL Romania Petroleum Products S.R.L. on all legal matters regarding the design, authorisation and execution phase of the service stations located on the A2 Motorway. The MOL Murfatlar stations are part of the service concession contract concluded with the National Company for Road Infrastructure Administration (CNAIR) at the beginning of 2021. On 26 July, MOL Romania Petroleum Products S.R.L. opened its first two service stations located on "Autostrada Soarelui"/A2 Motorway at km 186+090 (A2 Constanta-Medgidia), respectively km 186+580 (A2 Medgidia-Constanta) in the presence of Camelia Ene (CEO MOL Romania), Robert Pitt (MOL Group Retail SVP), representatives of CNAIR and of the local authorities. Tuca Zbarcea & Asociatii advised MOL Romania Petroleum Products S.R.L. on all stages of the project, starting with the preparation of the tender and the preliminary market consultation, the conclusion of the service concession contract with CNAIR, continuing with the design, authorisation and execution phase of the services spaces taken under concession and will further assist the company in relation to the operation phase of said services spaces. The legal team consists of Serban Paslaru (Partner), Iuliana Leon, (Managing Associate), Serban Sarbu (Associate), lawyers with extensive expertise in PPP/PFI projects. The services spaces located on the A2 Motorway (km 196+940 Murfatlar town, Constanta County) are the first two from a series of services spaces granted under concession by CNAIR, located on Nadlac - Sibiu and Pitesti - Bucuresti (A1 Motorway) and Cernavoda - Constanta (A2 Motorway), which will be open to the public in the following period. The team specialising in public procurement, concessions & public-private partnerships (PPP) is one of the best known in Romania, according to international legal guides – Chambers & Partners, Legal 500 and IFLR – who place Tuca Zbarcea & Asociatii first in the ranking of law firms specialising in investment projects. Thus, the law firm is renowned "for the advice it provides on various complex PPP projects", and it is "one of the firms with most awards, excelling in particular in the PPP field" (Chambers Europe). Also, Tuca Zbarcea & Asociatii "has a reputation as the firm with the most PPP projects and proven efficiency in this regard". In particular, the clients recommend the firm for its "safety, skill, ability to advise both governmental authorities and private companies" (Legal 500).
August 1, 2022
Țuca Zbârcea & Asociații successfully advises MOL Romania on the opening of the first two service stations located on the A2 Motorway
Țuca Zbârcea & Asociații advised MOL Romania Petroleum Products S.R.L. on all legal matters regarding the design, authorisation and execution phase of the service stations located on the A2 Motorway. The MOL Murfatlar stations are part of the service concession contract concluded with the National Company for Road Infrastructure Administration (CNAIR) at the beginning of 2021. The legal team consists of Șerban Pâslaru (Partner), Iuliana Leon, (Managing Associate), Șerban Sârbu (Associate), lawyers with extensive expertise in PPP/PFI projects. [+]

Țuca Zbârcea & Asociații advised MOL Romania Petroleum Products S.R.L. on all legal matters regarding the design, authorisation and execution phase of the service stations located on the A2 Motorway. The MOL Murfatlar stations are part of the service concession contract concluded with the National Company for Road Infrastructure Administration (CNAIR) at the beginning of 2021.

On 26 July, MOL Romania Petroleum Products S.R.L. opened its first two service stations located on "Autostrada Soarelui"/A2 Motorway at km 186+090 (A2 Constanța-Medgidia), respectively km 186+580 (A2 Medgidia-Constanța) in the presence of Camelia Ene (CEO MOL Romania), Robert Pitt (MOL Group Retail SVP), representatives of CNAIR and of the local authorities.

Țuca Zbârcea & Asociații advised MOL Romania Petroleum Products S.R.L. on all stages of the project, starting with the preparation of the tender and the preliminary market consultation, the conclusion of the service concession contract with CNAIR, continuing with the design, authorisation and execution phase of the services spaces taken under concession and will further assist the company in relation to the operation phase of said services spaces.

The legal team consists of Șerban Pâslaru (Partner), Iuliana Leon, (Managing Associate), Șerban Sârbu (Associate), lawyers with extensive expertise in PPP/PFI projects.

The services spaces located on the A2 Motorway (km 196+940 Murfatlar town, Constanța County) are the first two from a series of services spaces granted under concession by CNAIR, located on Nădlac - Sibiu and Pitești - București (A1 Motorway) and Cernavodă - Constanța (A2 Motorway), which will be open to the public in the following period.

The team specialising in public procurement, concessions & public-private partnerships (PPP) is one of the best known in Romania, according to international legal guides – Chambers & Partners, Legal 500 and IFLR – who place Țuca Zbârcea & Asociații first in the ranking of law firms specialising in investment projects. Thus, the law firm is renowned "for the advice it provides on various complex PPP projects", and it is "one of the firms with most awards, excelling in particular in the PPP field" (Chambers Europe). Also, Țuca Zbârcea & Asociații "has a reputation as the firm with the most PPP projects and proven efficiency in this regard". In particular, the clients recommend the firm for its "safety, skill, ability to advise both governmental authorities and private companies" (Legal 500).

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Tuca Zbarcea & Asociatii advises Electrica S.A. on a EUR 600,000 acquisition of Green Energy Consultancy & Investments S.R.L. Electrica S.A. has recently informed shareholders and investors about the signing, as buyer, with Mr. Vlad-Mihai Ungureanu and Mr. Tudor-Nicolae Ungureanu, as sellers, of a shares sales and purchase agreement ("SPA") in one project company having as main object of activity the production of energy from renewable sources. Tuca Zbarcea & Asociatii advised Electrica S.A., addressing the full range of legal issues relating to this transaction, including assistance in the negotiation and signing of the sales and purchase agreement for the acquisition of shares in Green Energy Consultancy & Investments S.R.L. The team was led by Partner Sorin Vladescu, backed-up by Managing Associates Nisa Jecu and Raluca Misu. Electrica S.A. has recently informed shareholders and investors about the signing, as buyer, with Mr. Vlad-Mihai Ungureanu and Mr. Tudor-Nicolae Ungureanu, as sellers, of a shares sales and purchase agreement ("SPA") in one project company having as main object of activity the production of energy from renewable sources. Green Energy Consultancy & Investments S.R.L. develops the photovoltaic project "Vulturu", with a designed installed capacity of 12 MWp DC (peak power at the panels level) and 9.75 MW AC (power authorised for delivery into the grid), located near Vulturu locality, Vrancea county. The SPA concerns the acquisition of 100% of the shares of Green Energy Consultancy & Investments S.R.L., wholly owned by the sellers, for an estimated total price of EUR 600,000. The final price will be determined by adjusting the total estimated price depending on the production capacity, based on a contractually established calculation formula. The SPA stipulates the acquisition in the next period following the signing of the sale and purchase agreement by Electrica of the company's shares and the payment of the corresponding price in two steps, structured according to the development stage of the project and the fulfillment of certain conditions precedent. The transaction in question is in line with 2019-2023 Electrica Group strategy, which envisages the expansion in the value chain of electricity, especially in the power production from renewable energy sources. Tuca Zbarcea & Asociatii advised Electrica S.A., addressing the full range of legal issues relating to this transaction, including assistance in the negotiation and signing of the sales and purchase agreement for the acquisition of shares in Green Energy Consultancy & Investments S.R.L. The team was led by Partner Sorin Vladescu, backed-up by Managing Associates Nisa Jecu and Raluca Misu. More details can be found here.
July 7, 2022
Țuca Zbârcea & Asociații advises Electrica S.A. on a EUR 600,000 acquisition of Green Energy Consultancy & Investments S.R.L.
Electrica S.A. has recently informed shareholders and investors about the signing, as buyer, with Mr. Vlad-Mihai Ungureanu and Mr. Tudor-Nicolae Ungureanu, as sellers, of a shares sales and purchase agreement ("SPA") in one project company having as main object of activity the production of energy from renewable sources. Țuca Zbârcea & Asociații advised Electrica S.A., addressing the full range of legal issues relating to this transaction, including assistance in the negotiation and signing of the sales and purchase agreement for the acquisition of shares in Green Energy Consultancy & Investments S.R.L. The team was led by Partner Sorin Vlădescu, backed-up by Managing Associates Nisa Jecu and Raluca Mișu. [+]

Electrica S.A. has recently informed shareholders and investors about the signing, as buyer, with Mr. Vlad-Mihai Ungureanu and Mr. Tudor-Nicolae Ungureanu, as sellers, of a shares sales and purchase agreement ("SPA") in one project company having as main object of activity the production of energy from renewable sources.

Green Energy Consultancy & Investments S.R.L. develops the photovoltaic project "Vulturu", with a designed installed capacity of 12 MWp DC (peak power at the panels level) and 9.75 MW AC (power authorised for delivery into the grid), located near Vulturu locality, Vrancea county.

The SPA concerns the acquisition of 100% of the shares of Green Energy Consultancy & Investments S.R.L., wholly owned by the sellers, for an estimated total price of EUR 600,000. The final price will be determined by adjusting the total estimated price depending on the production capacity, based on a contractually established calculation formula.

The SPA stipulates the acquisition in the next period following the signing of the sale and purchase agreement by Electrica of the company's shares and the payment of the corresponding price in two steps, structured according to the development stage of the project and the fulfillment of certain conditions precedent.

The transaction in question is in line with 2019-2023 Electrica Group strategy, which envisages the expansion in the value chain of electricity, especially in the power production from renewable energy sources.

Țuca Zbârcea & Asociații advised Electrica S.A., addressing the full range of legal issues relating to this transaction, including assistance in the negotiation and signing of the sales and purchase agreement for the acquisition of shares in Green Energy Consultancy & Investments S.R.L. The team was led by Partner Sorin Vlădescu, backed-up by Managing Associates Nisa Jecu and Raluca Mișu.

More details can be found here.

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Co-Head of the Real Estate practice group at Țuca Zbarcea & Asociații, designated as one of the most influential people in real estate Property Forum has recently launched the 2022 edition of its "Top 50 Most Influential People in Real Estate". The list honours 50 professionals with intense activity in the real estate sector and who have led major projects over the past 15 months. For the second year in a row, Răzvan Gheorghiu-Testa, Partner at Țuca Zbarcea & Asociații and Co-Head of the firm's Real Estate practice group has been designated amongst the most renowned real estate professionals in Romania. Property Forum has recently launched the 2022 edition of its "Top 50 Most Influential People in Real Estate". The list honours 50 professionals with intense activity in the real estate sector and who have led major projects over the past 15 months. For the second year in a row, Răzvan Gheorghiu-Testa, Partner at Țuca Zbarcea & Asociații and Co-Head of the firm's Real Estate practice group has been designated amongst the most renowned real estate professionals in Romania. According to Property Forum, 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 2021 and the first months of 2022, media and event appearances and social media activity. Răzvan Gheorghiu-Testa, Partner, co-heads the firm's Real Estate practice group, specialising on all aspects of commercial real estate. He has a multidisciplinary approach, combining tax and corporate law skills and thus advising on different structures in relation to a broad spectrum of property matters. Răzvan was also involved in a number of greenfield developments in sectors such as retail, consumer goods, steel, energy, telecommunications, oil and gas, pharma, as well as large-scale agricultural and infrastructure projects with a real estate component. He has been practising law for the past 26 years. He is a Fellow member of the Royal Institute of Chartered Surveyors (RICS) and Member of the Board of RICS Romania. More details about "Top 50 Most Influential People in Real Estate" are available here.
June 16, 2022
Co-Head of the Real Estate practice group at Țuca Zbarcea & Asociații, designated as one of the most influential people in real estate
Property Forum has recently launched the 2022 edition of its "Top 50 Most Influential People in Real Estate". The list honours 50 professionals with intense activity in the real estate sector and who have led major projects over the past 15 months.

For the second year in a row, Răzvan Gheorghiu-Testa, Partner at Țuca Zbarcea & Asociații and Co-Head of  the firm's Real Estate practice group has been designated amongst the most renowned real estate professionals in Romania. [+]
Property Forum has recently launched the 2022 edition of its "Top 50 Most Influential People in Real Estate". The list honours 50 professionals with intense activity in the real estate sector and who have led major projects over the past 15 months.

For the second year in a row, Răzvan Gheorghiu-Testa, Partner at Țuca Zbarcea & Asociații and Co-Head of  the firm's Real Estate practice group has been designated amongst the most renowned real estate professionals in Romania.

According to Property Forum, 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 2021 and the first months of 2022, media and event appearances and social media activity.

Răzvan Gheorghiu-Testa, Partner, co-heads the firm's Real Estate practice group, specialising on all aspects of commercial real estate. He has a multidisciplinary approach, combining tax and corporate law skills and thus advising on different structures in relation to a broad spectrum of property matters. Răzvan was also involved in a number of greenfield developments in sectors such as retail, consumer goods, steel, energy, telecommunications, oil and gas, pharma, as well as large-scale agricultural and infrastructure projects with a real estate component. He has been practising law for the past 26 years. He is a Fellow member of the Royal Institute of Chartered Surveyors (RICS) and Member of the Board of RICS Romania.

More details about "Top 50 Most Influential People in Real Estate" are available here.

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America House completes a EUR 10 million refurbishment and modernisation The iconic office building America House has undergone a full refurbishment and modernisation process since its take over by Morgan Stanley in 2019. The refurbishment was focused on both technical and aesthetic aspects of the building. This was followed by the upgrades of the exterior ground floor area including the extension of the terrace's premises, adding green areas, dramatic lighting for the green spaces, extending the sidewalk for the benefit of the pedestrians, changing the flooring, and unifying the retail signage. From a legal standpoint, the entire process was overseen by a team of lawyers from Țuca Zbarcea & Asociații headed by Partners Răzvan Gheorghiu-Testa and Dragoș Apostol, as well as Managing Associate Raluca Mișu. The iconic office building America House has undergone a full refurbishment and modernisation process since its take over by Morgan Stanley in 2019. The refurbishment was focused on both technical and aesthetic aspects of the building. This was followed by the upgrades of the exterior ground floor area including the extension of the terrace's premises, adding green areas, dramatic lighting for the green spaces, extending the sidewalk for the benefit of the pedestrians, changing the flooring, and unifying the retail signage. From a legal standpoint, the entire process was overseen by a team of lawyers from Țuca Zbarcea & Asociații headed by Partners Răzvan Gheorghiu-Testa and Dragoș Apostol, as well as Managing Associate Raluca Mișu. America House spreads over 3 underground floors, ground floor and nine above ground floors, with a total leasable surface of 28,806 sqm of Class A prime office space, including 3,675 sqm in commercial space. America House provides 368 parking spread over three underground levels parking lot, the largest number of parking space units for a Class A office building in Bucharest CBD. The building offers generous office spaces on each floor - 3,250 sqm (the largest FLOOR PLATE in the CBD area). The office spaces have abundant natural lighting, access to two premium lobby areas and the high-end technology for building access, both in the pedestrian area and in the underground parking lot. AMA Design studio, led by Anda Manu, oversaw the new modern and stylish design while Vitalis Consulting was appointed as project managers while Project1, Cos and Terano were the general contractors involved in the works. They were continuously and diligently assisted by Fortim Trusted Advisers, America House property management company.
June 1, 2022
America House completes a EUR 10 million refurbishment and modernisation
The iconic office building America House has undergone a full refurbishment and modernisation process since its take over by Morgan Stanley in 2019. The refurbishment was focused on both technical and aesthetic aspects of the building. This was followed by the upgrades of the exterior ground floor area including the extension of the terrace's premises, adding green areas, dramatic lighting for the green spaces, extending the sidewalk for the benefit of the pedestrians, changing the flooring, and unifying the retail signage.

From a legal standpoint, the entire process was overseen by a team of lawyers from Țuca Zbarcea & Asociații headed by Partners Răzvan Gheorghiu-Testa and Dragoș Apostol, as well as Managing Associate Raluca Mișu.   [+]

The iconic office building America House has undergone a full refurbishment and modernisation process since its take over by Morgan Stanley in 2019.

The refurbishment was focused on both technical and aesthetic aspects of the building. This was followed by the upgrades of the exterior ground floor area including the extension of the terrace's premises, adding green areas, dramatic lighting for the green spaces, extending the sidewalk for the benefit of the pedestrians, changing the flooring, and unifying the retail signage.

From a legal standpoint, the entire process was overseen by a team of lawyers from Țuca Zbarcea & Asociații headed by Partners Răzvan Gheorghiu-Testa and Dragoș Apostol, as well as Managing Associate Raluca Mișu.  

America House spreads over 3 underground floors, ground floor and nine above ground floors, with a total leasable surface of 28,806 sqm of Class A prime office space, including 3,675 sqm in commercial space. America House provides 368 parking spread over three underground levels parking lot, the largest number of parking space units for a Class A office building in Bucharest CBD.

The building offers generous office spaces on each floor - 3,250 sqm (the largest FLOOR PLATE in the CBD area). The office spaces have abundant natural lighting, access to two premium lobby areas and the high-end technology for building access, both in the pedestrian area and in the underground parking lot.

AMA Design studio, led by Anda Manu, oversaw the new modern and stylish design while Vitalis Consulting was appointed as project managers while Project1, Cos and Terano were the general contractors involved in the works.

They were continuously and diligently assisted by Fortim Trusted Advisers, America House property management company.

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Țuca Zbarcea & Asociații, ranked amongst the finest law firms for International Arbitration work by the Global Arbitration Review Reputable publication Global Arbitration Review has recently launched its 2022 edition of the "GAR 100", a guide to specialist arbitration firms worldwide. This year once again, Țuca Zbarcea & Asociații has been included amongst the elite of law firms with a leading practice in international arbitration. The editors point out that the firm's lawyers are skilled at handling an extraordinarily wide range of IA cases with current value of pending counsel work reaching US$4.5 billion. Three of the firm's leading practitioners in this area are singled out: Florentin Țuca, Levana Zigmund, Cornel Popa. With 25 years of practical experience, they have an in-depth working knowledge of various arbitration procedural rules such as ICC, ICSID, GAFTA, the Romanian International Chamber of Commerce and UNCITRAL. Reputable publication Global Arbitration Review has recently launched its 2022 edition of the "GAR 100", a guide to specialist arbitration firms worldwide. This year once again, Țuca Zbarcea & Asociații has been included amongst the elite of law firms with a leading practice in international arbitration. Țuca Zbarcea & Asociații remains one of the best law firms worldwide for international arbitration (IA) work, according to the latest edition of "GAR 100". The editors point out that the firm's lawyers are skilled at handling an extraordinarily wide range of IA cases with current value of pending counsel work reaching US$4.5 billion. Three of the firm's leading practitioners in this area are singled out: Florentin Țuca, Levana Zigmund, Cornel Popa. With 25 years of practical experience, they have an in-depth working knowledge of various arbitration procedural rules such as ICC, ICSID, GAFTA, the Romanian International Chamber of Commerce and UNCITRAL. Anca Pușcașu (Partner), Cornelia Tăbirță (Managing Associate) and Ruxandra Niță (Managing Associate) are also part of the firm's IA team. As a matter of fact, Țuca Zbarcea & Asociații has a leading practice in Dispute Resolution, the firm's pre-eminence in this area being already acknowledged by renowned international publications, such as Chambers & Partners and Legal 500. More so, the firm is a recipient of the 2020 and 2021 "Law Firm of the Year in Romania for Dispute Resolution" Award by Benchmark Litigation Europe (a publication of Euromoney Legal Media Group), one the most coveted and prestigious international accolades for law firms specialising in litigation and arbitration. Global Arbitration Review is the leading resource on international arbitration news and community intelligence. Its flagship publication - "GAR 100" - is a benchmark for the most skilled and successful international arbitration practitioners from all parts of the world. Firms are stringently researched and assessed to ensure that only the elite are listed. For further details, please refer to the following link.
May 30, 2022
Țuca Zbarcea & Asociații, ranked amongst the finest law firms for International Arbitration work by the Global Arbitration Review
Reputable publication Global Arbitration Review has recently launched its 2022 edition of the "GAR 100", a guide to specialist arbitration firms worldwide. This year once again, Țuca Zbarcea & Asociații has been included amongst the elite of law firms with a leading practice in international arbitration. The editors point out that the firm's lawyers are skilled at handling an extraordinarily wide range of IA cases with current value of pending counsel work reaching US$4.5 billion. Three of the firm's leading practitioners in this area are singled out: Florentin Țuca, Levana Zigmund, Cornel Popa. With 25 years of practical experience, they have an in-depth working knowledge of various arbitration procedural rules such as ICC, ICSID, GAFTA, the Romanian International Chamber of Commerce and UNCITRAL. [+]

Reputable publication Global Arbitration Review has recently launched its 2022 edition of the "GAR 100", a guide to specialist arbitration firms worldwide. This year once again, Țuca Zbarcea & Asociații has been included amongst the elite of law firms with a leading practice in international arbitration.

Țuca Zbarcea & Asociații remains one of the best law firms worldwide for international arbitration (IA) work, according to the latest edition of "GAR 100". The editors point out that the firm's lawyers are skilled at handling an extraordinarily wide range of IA cases with current value of pending counsel work reaching US$4.5 billion. Three of the firm's leading practitioners in this area are singled out: Florentin Țuca, Levana Zigmund, Cornel Popa. With 25 years of practical experience, they have an in-depth working knowledge of various arbitration procedural rules such as ICC, ICSID, GAFTA, the Romanian International Chamber of Commerce and UNCITRAL.

Anca Pușcașu (Partner), Cornelia Tăbirță (Managing Associate) and Ruxandra Niță (Managing Associate) are also part of the firm's IA team.

As a matter of fact, Țuca Zbarcea & Asociații has a leading practice in Dispute Resolution, the firm's pre-eminence in this area being already acknowledged by renowned international publications, such as Chambers & Partners and Legal 500. More so, the firm is a recipient of the 2020 and 2021 "Law Firm of the Year in Romania for Dispute Resolution" Award by Benchmark Litigation Europe (a publication of Euromoney Legal Media Group), one the most coveted and prestigious international accolades for law firms specialising in litigation and arbitration.

Global Arbitration Review is the leading resource on international arbitration news and community intelligence. Its flagship publication - "GAR 100" - is a benchmark for the most skilled and successful international arbitration practitioners from all parts of the world. Firms are stringently researched and assessed to ensure that only the elite are listed.

For further details, please refer to the following link.

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