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Țuca Zbârcea & Asociații
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Three Awards for Tuca Zbarcea & Asociatii at the 2021 Romanian Legal Awards A total of 36 awards were given at this year's Romanian Legal Awards hosted by LegalMarketing.ro to the most active players in the legal and fiscal consultancy market in Romania. Once again, Tuca Zbarcea & Asociatii has been singled out for its work in Energy, TMT and Tax. A total of 36 awards were given at this year's Romanian Legal Awards hosted by LegalMarketing.ro to the most active players in the legal and fiscal consultancy market in Romania. Once again, Tuca Zbarcea & Asociatii has been singled out for its work in Energy, TMT and Tax. This year's Romanian Legal Awards, hosted by LegalMarketing.ro, celebrated the most successful lawyers and law firms across a wide range of service areas. As such, six special trophies and 30 prizes in various areas of practice were handed out in recognition of lawyers' notable achievements over the past year. Tuca Zbarcea & Asociatii received three awards, with our Energy, TMT and Tax teams being acknowledged for their contributions on major local and regional transactions. According to the organisers, the firm's Energy lawyers acted on some of the most significant projects in the energy field in Romania, covering both contentious (including complex litigation and arbitration) and non-contentious work. The firm is regularly advising major players in the energy, oil and gas, mining sectors. The prize went to Irina Moinescu, Partner (Energy) and Christina Vladescu, Partner (Litigation). Also, Tuca Zbarcea & Asociatii's expertise in TMT received an award for the firm's work on complex matters for its clients - telecommunications and technology companies, suppliers of IT services, companies active in the media/broadcasting and entertainment industry, as well as advertising, including entertainment companies. The award was presented to Catalin Baiculescu, Partner specialising in TMT and one of the firm's heads of practice. As for Tax, the award recognises the impressive growth of the firm's dedicated tax division - Tuca Zbarcea & Asociatii Tax as regards new client intake and new matters over the past 12 months. Benefitting from a collaboration with Andersen Global, the group has continued to strengthen its market position by way of internal promotions and new additions to the team. The prize was handed out to Alexandru Cristea, Tax Partner. The trio of awards at this year's Romanian Legal Awards completes a string of distinctions and accolades that the firm has recently received, among which: "Deal of the Year Award for Romania" at the Deals of the Year Awards/DOTY, CEE Legal Matters 2021; the "Impact Case Award: Romania" and the "Dispute Resolution Law Firm of the Year Award: Romania" at the Benchmark Litigation Europe Awards, Euromoney Legal Media Group 2021; the "Law Firm of the Year Award: Romania" at the IFLR Europe Awards 2021.
June 9, 2021
Three Awards for Țuca Zbârcea & Asociații at the 2021 Romanian Legal Awards

A total of 36 awards were given at this year's Romanian Legal Awards hosted by LegalMarketing.ro to the most active players in the legal and fiscal consultancy market in Romania. Once again, Țuca Zbârcea & Asociații has been singled out for its work in Energy, TMT and Tax. [+]

A total of 36 awards were given at this year's Romanian Legal Awards hosted by LegalMarketing.ro to the most active players in the legal and fiscal consultancy market in Romania. Once again, Țuca Zbârcea & Asociații has been singled out for its work in Energy, TMT and Tax.

This year's Romanian Legal Awards, hosted by LegalMarketing.ro, celebrated the most successful lawyers and law firms across a wide range of service areas. As such, six special trophies and 30 prizes in various areas of practice were handed out in recognition of lawyers' notable achievements over the past year.

Țuca Zbârcea & Asociații received three awards, with our Energy, TMT and Tax teams being acknowledged for their contributions on major local and regional transactions.

According to the organisers, the firm's Energy lawyers acted on some of the most significant projects in the energy field in Romania, covering both contentious (including complex litigation and arbitration) and non-contentious work. The firm is regularly advising major players in the energy, oil and gas, mining sectors. The prize went to Irina Moinescu, Partner (Energy) and Christina Vlădescu, Partner (Litigation).  

Also, Țuca Zbârcea & Asociații's expertise in TMT received an award for the firm's work on complex matters for its clients - telecommunications and technology companies, suppliers of IT services, companies active in the media/broadcasting and entertainment industry, as well as advertising, including entertainment companies. The award was presented to Cătălin Băiculescu, Partner specialising in TMT and one of the firm's heads of practice.

As for Tax, the award recognises the impressive growth of the firm's dedicated tax division - Țuca Zbârcea & Asociații Tax as regards new client intake and new matters over the past 12 months. Benefitting from a collaboration with Andersen Global, the group has continued to strengthen its market position by way of internal promotions and new additions to the team. The prize was handed out to Alexandru Cristea, Tax Partner.

The trio of awards at this year's Romanian Legal Awards completes a string of distinctions and accolades that the firm has recently received, among which: "Deal of the Year Award for Romania" at the Deals of the Year Awards/DOTY, CEE Legal Matters 2021; the "Impact Case Award: Romania" and the "Dispute Resolution Law Firm of the Year Award: Romania" at the Benchmark Litigation Europe Awards, Euromoney Legal Media Group 2021; the "Law Firm of the Year Award: Romania" at the IFLR Europe Awards 2021.

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Tuca Zbarcea & Asociatii wins Deal of the Year Award for Romania Central and Eastern Europe's premiere legal publication, CEE Legal Matters, announced the winners of its annual Deals of The Year Awards (DOTY) in 22 jurisdictions throughout the CEE/SEE region. The sale of CEZ's assets to funds managed by Macquarie Infrastructure and Real Assets ("MIRA") is Romania's Deal of the Year. Tuca Zbarcea & Asociatii advised CEZ Group with a team of lawyers led by Partner Sorin Vladescu (corporate/M&A, energy) and Nisa Jecu, Managing Associate (corporate/M&A, energy). Central and Eastern Europe's premiere legal publication, CEE Legal Matters, announced the winners of its annual Deals of The Year Awards (DOTY) in 22 jurisdictions throughout the CEE/SEE region. The sale of CEZ's assets to funds managed by Macquarie Infrastructure and Real Assets ("MIRA") is Romania's Deal of the Year. Winners of the 2020 Deals of the Year Awards were announced in June 2021. Trophies will be handed out in person at the 2021 Deals of the Year Banquet in London on September 16, 2021. These awards celebrate law firms' work in some of the most spectacular transactions taking place in 22 jurisdictions from the CEE/SEE region and Russia. The 2020 Deal of the Year Award for Romania went to the legal teams acting on the acquisition by Macquarie Infrastructure and Real Assets ("MIRA") of CEZ Group's Romanian assets, namely the electricity distribution assets, the energy supply and an operational portfolio of renewable energy. A number of local and international law firms and financial advisors from Romania and the Czech Republic acted on the deal which was signed in October 2020 and closed at the end of March 2021. Tuca Zbarcea & Asociatii advised CEZ Group, covering the corporate and M&A issues surrounding the deal, including the related due-diligence appraisal, assisting throughout the negotiations with potential investors and the final buyer, as well as assisting during the signing of the transaction documents and the closing. A team of lawyers specialising in competition law covered the competition matters of the deal, while lawyers from the firm's banking and finance practice group provided legal support as regards the financing issues incident to the transaction. The legal team was led by Partner Sorin Vladescu (corporate/M&A, energy) and Nisa Jecu, Managing Associate (corporate/M&A, energy). Also, Raluca Misu, Managing Associate (real estate); Alexandra Peres, Managing Associate (real estate); Bogdan Halcu, Managing Associate (environmental law); Andreea Oprisan, Managing Associate (competition law); Catalin Georgescu, Managing Associate (banking law) were involved in the various stages of the transactions. Tuca Zbarcea & Asociatii worked closely with the Czech law firm - Skils s.r.o., that acted as lead international legal advisor to CEZ a.s. on the sale. "This year's award-winning deals are particularly significant for taking place against the backdrop of the (at the time rapidly expanding) COVID-19 pandemic, and many of them were arranged, at least in part, remotely, and with newly-created facilitating technology. Especially in these circumstances, the firms that played such critical roles in helping usher these deals to completion - including, of course, Tuca Zbarcea & Asociatii for its work on the Macquarie Infrastructure and Real Assets' Acquisition of CEZ Group in Romania - deserve special recognition and credit," said CEE Legal Matters Executive Editor David Stuckey. "The judges who chose Macquarie Infrastructure and Real Assets' Acquisition of CEZ Group in Romania, as the winner for Romania were tremendously impressed by its domestic and regional significance, its size, and its complexity. Our heart-felt congratulations go out to Tuca Zbarcea & Asociatii. Well done!" Finalists for the peer-selected CEE Deal of the Year Awards were selected by a panel of legal experts in each country, with winners determined by a second group of experts with widely-recognized regional expertise and experience. Deals submitted for consideration were signed in the 2020 calendar year. The full list of DOTY winners is available here.
June 7, 2021
Țuca Zbârcea & Asociații wins Deal of the Year Award for Romania

Central and Eastern Europe's premiere legal publication, CEE Legal Matters, announced the winners of its annual Deals of The Year Awards (DOTY) in 22 jurisdictions throughout the CEE/SEE region. The sale of CEZ's assets to funds managed by Macquarie Infrastructure and Real Assets ("MIRA") is Romania's Deal of the Year

Țuca Zbârcea & Asociații advised CEZ Group with a team of lawyers led by Partner Sorin Vlădescu (corporate/M&A, energy) and Nisa Jecu, Managing Associate (corporate/M&A, energy). [+]

Central and Eastern Europe's premiere legal publication, CEE Legal Matters, announced the winners of its annual Deals of The Year Awards (DOTY) in 22 jurisdictions throughout the CEE/SEE region. The sale of CEZ's assets to funds managed by Macquarie Infrastructure and Real Assets ("MIRA") is Romania's Deal of the Year. 

Winners of the 2020 Deals of the Year Awards were announced in June 2021. Trophies will be handed out in person at the 2021 Deals of the Year Banquet in London on September 16, 2021. These awards celebrate law firms' work in some of the most spectacular transactions taking place in 22 jurisdictions from the CEE/SEE region and Russia.

The 2020 Deal of the Year Award for Romania went to the legal teams acting on the acquisition by Macquarie Infrastructure and Real Assets ("MIRA") of CEZ Group's Romanian assets, namely the electricity distribution assets, the energy supply and an operational portfolio of renewable energy.

A number of local and international law firms and financial advisors from Romania and the Czech Republic acted on the deal which was signed in October 2020 and closed at the end of March 2021. Țuca Zbârcea & Asociații advised CEZ Group, covering the corporate and M&A issues surrounding the deal, including the related due-diligence appraisal, assisting throughout the negotiations with potential investors and the final buyer, as well as assisting during the signing of the transaction documents and the closing. A team of lawyers specialising in competition law covered the competition matters of the deal, while lawyers from the firm's banking and finance practice group provided legal support as regards the financing issues incident to the transaction.

The legal team was led by Partner Sorin Vlădescu (corporate/M&A, energy) and Nisa Jecu, Managing Associate (corporate/M&A, energy).

Also, Raluca Mișu, Managing Associate (real estate); Alexandra Pereș, Managing Associate (real estate); Bogdan Halcu, Managing Associate (environmental law); Andreea Oprișan, Managing Associate (competition law); Cătălin Georgescu, Managing Associate (banking law) were involved in the various stages of the transactions.

Țuca Zbârcea & Asociații worked closely with the Czech law firm - Skils s.r.o., that acted as lead international legal advisor to CEZ a.s. on the sale.

"This year's award-winning deals are particularly significant for taking place against the backdrop of the (at the time rapidly expanding) COVID-19 pandemic, and many of them were arranged, at least in part, remotely, and with newly-created facilitating technology. Especially in these circumstances, the firms that played such critical roles in helping usher these deals to completion - including, of course, Țuca Zbârcea & Asociații for its work on the Macquarie Infrastructure and Real Assets' Acquisition of CEZ Group in Romania - deserve special recognition and credit," said CEE Legal Matters Executive Editor David Stuckey. "The judges who chose Macquarie Infrastructure and Real Assets' Acquisition of CEZ Group in Romania, as the winner for Romania were tremendously impressed by its domestic and regional significance, its size, and its complexity. Our heart-felt congratulations go out to Țuca Zbârcea & Asociații. Well done!"

Finalists for the peer-selected CEE Deal of the Year Awards were selected by a panel of legal experts in each country, with winners determined by a second group of experts with widely-recognized regional expertise and experience. Deals submitted for consideration were signed in the 2020 calendar year.

The full list of DOTY winners is available here.

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Double win for Tuca Zbarcea & Asociatii at the Benchmark Litigation Europe Awards 2021 Tuca Zbarcea & Asociatii has been named "Dispute Resolution Firm of the Year" and also won the "Impact Case Award" at the annual Benchmark Litigation Europe Awards 2021, hosted by Euromoney Legal Media Group. No less than 71 trophies were handed out to recognise excellence in the disputes and litigation market across a wide range of dispute resolution practice areas. Tuca Zbarcea & Asociatii has been named "Dispute Resolution Firm of the Year" and also won the "Impact Case Award" at the annual Benchmark Litigation Europe Awards 2021, hosted by Euromoney Legal Media Group. No less than 71 trophies were handed out to recognise excellence in the disputes and litigation market across a wide range of dispute resolution practice areas. Six law firms from Romania with significant litigation and arbitration specialist work competed for the title "Dispute Resolution Firm of the Year". For the second time in a row, the prize went to Tuca Zbarcea & Asociatii. On announcing the award winners, Benchmark Litigation said: "Tuca Zbarcea & Asociatii is awarded dispute resolution law firm of the year in Romania. The firm is well established and is notably recognised for its commercial and white-collar crime practice. The firm manages several complex cases and has dealt with a number high profile ICSID arbitrations. The firm prides itself on its litigation and arbitration work and clients praise the firm for its "great service and diligent, committed lawyers". Congratulations to the firm for winning this award." Furthermore, the firm won the "Impact Case Award" at the 2021 Benchmark Litigation Europe Awards for their work on the Romanian Football Federation case led by Partner Dan Cristea. The firm acted for the Romanian Football Federation (FRF) in a suite of procedural steps related to the claims of Fotbal Club U Craiova S.A. as a result of the disaffiliation of this football club. The case concerns a long-running dispute over almost a decade, during which the litigation lawyers of Tuca Zbarcea & Asociatii, in close collaboration with the legal department of FRF, led by Adrian Stangaciu, obtained in turn the rejection of administrative claims, criminal charges and, subsequently, of all the civil damages claims of the disaffiliated club, as well as of other entities. "Benchmark Litigation Europe awards and recognises Tuca Zbarcea & Asociatii for its work on a civil and criminal dispute. The firm represented the Romanian Football Federation in a dispute concerning damage claims of EUR 300 million. The firm successfully represented its client with all criminal charges against the federation dropped. The case gained attention in the market for its high-profile nature and for the impact it had in sports litigation in Romania.", added Benchmark Litigation. Tuca Zbarcea & Asociatii 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, Legal 500 and the Global Arbitration Review. Winners of the third annual Benchmark Litigation 2021 Europe Awards can be found here.
June 4, 2021
Double win for Țuca Zbârcea & Asociații at the Benchmark Litigation Europe Awards 2021

Țuca Zbârcea & Asociații has been named "Dispute Resolution Firm of the Year" and also won the "Impact Case Award" at the annual Benchmark Litigation Europe Awards 2021, hosted by Euromoney Legal Media Group.

No less than 71 trophies were handed out to recognise excellence in the disputes and litigation market across a wide range of dispute resolution practice areas. [+]

Țuca Zbârcea & Asociații has been named "Dispute Resolution Firm of the Year" and also won the "Impact Case Award" at the annual Benchmark Litigation Europe Awards 2021, hosted by Euromoney Legal Media Group. No less than 71 trophies were handed out to recognise excellence in the disputes and litigation market across a wide range of dispute resolution practice areas.

Six law firms from Romania with significant litigation and arbitration specialist work competed for the title "Dispute Resolution Firm of the Year". For the second time in a row, the prize went to Țuca Zbârcea & Asociații. On announcing the award winners, Benchmark Litigation said: "Țuca Zbârcea & Asociații is awarded dispute resolution law firm of the year in Romania. The firm is well established and is notably recognised for its commercial and white-collar crime practice. The firm manages several complex cases and has dealt with a number high profile ICSID arbitrations. The firm prides itself on its litigation and arbitration work and clients praise the firm for its "great service and diligent, committed lawyers". Congratulations to the firm for winning this award."

Furthermore, the firm won the "Impact Case Award" at the 2021 Benchmark Litigation Europe Awards for their work on the Romanian Football Federation case led by Partner Dan Cristea.

The firm acted for the Romanian Football Federation (FRF) in a suite of procedural steps related to the claims of Fotbal Club U Craiova S.A. as a result of the disaffiliation of this football club. The case concerns a long-running dispute over almost a decade, during which the litigation lawyers of Țuca Zbârcea & Asociații, in close collaboration with the legal department of FRF, led by Adrian Stângaciu, obtained in turn the rejection of administrative claims, criminal charges and, subsequently, of all the civil damages claims of the disaffiliated club, as well as of other entities.

"Benchmark Litigation Europe awards and recognises Țuca Zbârcea & Asociații for its work on a civil and criminal dispute. The firm represented the Romanian Football Federation in a dispute concerning damage claims of EUR 300 million. The firm successfully represented its client with all criminal charges against the federation dropped. The case gained attention in the market for its high-profile nature and for the impact it had in sports litigation in Romania.", added Benchmark Litigation.

Țuca Zbârcea & 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, Legal 500 and the Global Arbitration Review.

Winners of the third annual Benchmark Litigation 2021 Europe Awards can be found here.

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Tuca Zbarcea & Asociatii obtains a referral to the Court of Justice of the European Union (CJEU) for an impact ruling in the field of European electricity markets The Romanian Commodities Exchange has obtained, through the lawyers of Tuca Zbarcea & Asociatii, a referral to the CJEU to verify whether a national regulation on the granting of a single licence for the electricity market management complies with EU law. The Romanian Commodities Exchange has obtained, through the lawyers of Tuca Zbarcea & Asociatii, a referral to the CJEU to verify whether a national regulation on the granting of a single licence for the electricity market management complies with EU law. The Bucharest Court of Appeal granted the request by the legal team of Tuca Zbarcea & Asociatii for a preliminary ruling on whether the provisions of a national energy law allowing the granting of a single licence for the electricity market management are contrary to EU law. In the Romanian legislation, Article 10(2)(f) of Electricity and Natural Gas Law No. 123/2012 provides as follows: "The competent authority shall issue licences for: [...] f) the management of centralised markets - a single licence shall be granted to the electricity market operator". Acting in representation of the Romanian Commodities Exchange, the lawyers of Tuca Zbarcea & Asociatii submitted to the national court of administrative claims a request for referral on whether the correct and consistent interpretation of Regulation (EU) 2019/943 of the European Parliament and of the Council of 5 June 2019 on the internal market for electricity still allows the existence of a national monopoly - in any Member State - over the operation of the electricity market. By its resolution of 3 June 2021, the Bucharest Court of Appeal granted the plaintiff's request for a preliminary reference and referred the matter to the CJEU under Article 267 of the Treaty on the Functioning of the European Union. The referral concerns both the interpretation of the scope ratione personae of Regulation (EU) 2019/943 and the potential applicability - if the Member State grants a single licence for the operation of the electricity market - of the prohibitions on the restriction of competition laid down in the Treaty on the Functioning of the European Union. The Romanian Commodities Exchange was represented by a team of lawyers from Tuca Zbarcea & Asociatii specialising in administrative claims, coordinated by Dan Cristea, Partner: "We are glad that a topic of such paramount importance for the electricity sector will benefit from a uniform ruling for all EU Member States. The case has a clear cross-border interest and the Court of Justice now has the opportunity to ensure a consistent application of free competition principles in the European energy market, including in Romania".
June 3, 2021
Țuca Zbârcea & Asociații obtains a referral to the Court of Justice of the European Union (CJEU) for an impact ruling in the field of European electricity markets
The Romanian Commodities Exchange has obtained, through the lawyers of Țuca Zbârcea & Asociații, a referral to the CJEU to verify whether a national regulation on the granting of a single licence for the electricity market management complies with EU law. [+]

The Romanian Commodities Exchange has obtained, through the lawyers of Țuca Zbârcea & Asociații, a referral to the CJEU to verify whether a national regulation on the granting of a single licence for the electricity market management complies with EU law.

The Bucharest Court of Appeal granted the request by the legal team of Țuca Zbârcea & Asociații for a preliminary ruling on whether the provisions of a national energy law allowing the granting of a single licence for the electricity market management are contrary to EU law. In the Romanian legislation, Article 10(2)(f) of Electricity and Natural Gas Law No. 123/2012 provides as follows: "The competent authority shall issue licences for: [...] f) the management of centralised markets - a single licence shall be granted to the electricity market operator".

Acting in representation of the Romanian Commodities Exchange, the lawyers of Țuca Zbârcea & Asociații submitted to the national court of administrative claims a request for referral on whether the correct and consistent interpretation of Regulation (EU) 2019/943 of the European Parliament and of the Council of 5 June 2019 on the internal market for electricity still allows the existence of a national monopoly - in any Member State - over the operation of the electricity market.

By its resolution of 3 June 2021, the Bucharest Court of Appeal granted the plaintiff's request for a preliminary reference and referred the matter to the CJEU under Article 267 of the Treaty on the Functioning of the European Union. The referral concerns both the interpretation of the scope ratione personae of Regulation (EU) 2019/943 and the potential applicability - if the Member State grants a single licence for the operation of the electricity market - of the prohibitions on the restriction of competition laid down in the Treaty on the Functioning of the European Union.

The Romanian Commodities Exchange was represented by a team of lawyers from Țuca Zbârcea & Asociații specialising in administrative claims, coordinated by Dan Cristea, Partner: "We are glad that a topic of such paramount importance for the electricity sector will benefit from a uniform ruling for all EU Member States. The case has a clear cross-border interest and the Court of Justice now has the opportunity to ensure a consistent application of free competition principles in the European energy market, including in Romania".

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Tuca Zbarcea & Asociatii launches the 2021 edition of "Better Business in Romania" Tuca Zbarcea & Asociatii has launched the 2021 edition of the "Better Business in Romania", a user-friendly legislative guide covering 17 areas of law. "Better Business in Romania" compiles important pieces of information regarding the legislative climate applicable to investments in various areas of interest, starting from Corporate Law (aspects concerning the setting-up, management, acquisition, merger, and dissolution of a company), Real Estate, Creditor and Debtor Disputes, Employment, Public Contracts, Competition, Energy, Capital Market, Financial Institutions, Intellectual Property, Pharmaceuticals, Personal Data Protection, Environmental law, Product Liability and Consumer Contracts, Insolvency, Criminal Law and Taxation. Tuca Zbarcea & Asociatii has launched the 2021 edition of the "Better Business in Romania", a user-friendly legislative guide covering 17 areas of law. "Better Business in Romania" compiles important pieces of information regarding the legislative climate applicable to investments in various areas of interest, starting from Corporate Law (aspects concerning the setting-up, management, acquisition, merger, and dissolution of a company), Real Estate, Creditor and Debtor Disputes, Employment, Public Contracts, Competition, Energy, Capital Market, Financial Institutions, Intellectual Property, Pharmaceuticals, Personal Data Protection, Environmental law, Product Liability and Consumer Contracts, Insolvency, Criminal Law and Taxation. Being well aware of the challenges facing companies today to surviving in the current environment and finding a path forward from the current crisis, the 2021 edition of the "Better Business in Romania" publication also provides basic information on the legal amendments brought about by the COVID-19 pandemic that are likely to affect businesses nowadays. From this standpoint, "Better Business in Romania" is part of the firm's efforts to provide the business community and the general public with access to resources and studies dedicated to crisis management in the light of the coronavirus epidemic (www.tuca.ro/covid-19/). In addition, the firm's COVID-19 related Task Force offers strategic advice on crisis-specific matters: corporate restructuring, review and (re)negotiation of agreements (including collective bargaining agreements and individual employment contracts), performance of the contracts which are affected by force majeure and hardship, unblocking pre-litigation relationships, advice with respect to potential discriminatory acts in the context of vaccination campaigns etc. Our team comprises lawyers with different backgrounds, such as compliance/regulatory, corporate and commercial, insurance, labour and employment, litigation and arbitration, insolvency, public procurement, data privacy, tax and customs. "Better Business in Romania" is made to offer foreign investors looking for investment opportunities in Romania a preliminary account of the legal framework in Romania. The information and opinions herein should not be treated as a comprehensive study and should not be construed or used as substitute for specific legal advice. The guide is available for free download on Tuca Zbarcea & Asociatii's website here.
May 11, 2021
Țuca Zbârcea & Asociații launches the 2021 edition of "Better Business in Romania"

Țuca Zbârcea & Asociații has launched the 2021 edition of the "Better Business in Romania", a user-friendly legislative guide covering 17 areas of law.

"Better Business in Romania" compiles important pieces of information regarding the legislative climate applicable to investments in various areas of interest, starting from Corporate Law (aspects concerning the setting-up, management, acquisition, merger, and dissolution of a company), Real Estate, Creditor and Debtor Disputes, Employment, Public Contracts, Competition, Energy, Capital Market, Financial Institutions, Intellectual Property, Pharmaceuticals, Personal Data Protection, Environmental law, Product Liability and Consumer Contracts, Insolvency, Criminal Law and Taxation. [+]

Țuca Zbârcea & Asociații has launched the 2021 edition of the "Better Business in Romania", a user-friendly legislative guide covering 17 areas of law.

"Better Business in Romania" compiles important pieces of information regarding the legislative climate applicable to investments in various areas of interest, starting from Corporate Law (aspects concerning the setting-up, management, acquisition, merger, and dissolution of a company), Real Estate, Creditor and Debtor Disputes, Employment, Public Contracts, Competition, Energy, Capital Market, Financial Institutions, Intellectual Property, Pharmaceuticals, Personal Data Protection, Environmental law, Product Liability and Consumer Contracts, Insolvency, Criminal Law and Taxation.

Being well aware of the challenges facing companies today to surviving in the current environment and finding a path forward from the current crisis, the 2021 edition of the "Better Business in Romania" publication also provides basic information on the legal amendments brought about by the COVID-19 pandemic that are likely to affect businesses nowadays.

From this standpoint, "Better Business in Romania" is part of the firm's efforts to provide the business community and the general public with access to resources and studies dedicated to crisis management in the light of the coronavirus epidemic (www.tuca.ro/covid-19/). In addition, the firm's COVID-19 related Task Force offers strategic advice on crisis-specific matters: corporate restructuring, review and (re)negotiation of agreements (including collective bargaining agreements and individual employment contracts), performance of the contracts which are affected by force majeure and hardship, unblocking pre-litigation relationships, advice with respect to potential discriminatory acts in the context of vaccination campaigns etc. Our team comprises lawyers with different backgrounds, such as compliance/regulatory, corporate and commercial, insurance, labour and employment, litigation and arbitration, insolvency, public procurement, data privacy, tax and customs.

"Better Business in Romania" is made to offer foreign investors looking for investment opportunities in Romania a preliminary account of the legal framework in Romania. The information and opinions herein should not be treated as a comprehensive study and should not be construed or used as substitute for specific legal advice.

The guide is available for free download on Țuca Zbârcea & Asociații's website here

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Tuca Zbarcea & Asociatii advises BRF on the sale of Banvit Foods Romania to Aaylex Group The Brazil-based BRF, one of the largest food companies in the world (also a listed company on the NY stock exchange and B3 stock exchange), concluded the sale of Banvit Foods Romania to Aaylex System Group S.A., further to a EUR 20.3 million transaction. Tuca Zbarcea & Asociatii advised BRF (through Nutrinvestment BV and Banvit Bandirma Vitaminli Yem Sanayii AS) on all corporate and M&A issues pertaining to the deal. The Brazil-based BRF, one of the largest food companies in the world (also a listed company on the NY stock exchange and B3 stock exchange), concluded the sale of Banvit Foods Romania to Aaylex System Group S.A., further to a EUR 20.3 million transaction. Tuca Zbarcea & Asociatii advised the Brazilian food giant - BRF (through Nutrinvestment BV and Banvit Bandirma Vitaminli Yem Sanayii AS) - on all corporate and M&A issues pertaining to the sale of 100% of the shares held in Banvit Foods to Aaylex System Group S.A. for an agreed price of EUR 20.3 million. Signed in December 2020, the deal was subject to certain conditions precedent, including the approval of the local antitrust authority. Aaylex Group owns the companies Avicola Buzau, Aaylex Prod and Aaylex Distribution, as well as the CocoRico brand. The team of lawyers from Tuca Zbarcea & Asociatii was led by Silvana Ivan, Partner. "Silvana was a true partner during the whole project, demonstrating great negotiation skills and deep legal knowledge. During COVID times, she also took the responsibility of representing us locally and got the deal done despite the current difficulties", said Rafael Pellegrini Ribeiro, Head of International Legal Department at BRF. Tuca Zbarcea & Asociatii has a highly experienced Corporate and M&A team, the firm being constantly placed in the top echelon of the market in this area by all legal directories. According to the Legal 500, the firm's expertise in this field is "spectacular": "The team is also very good at contract drafting and negotiation, corporate restructurings, joint ventures, selling / acquiring assets etc. They are very strong at dealing with multiple assignments and properly ensuring time management and project management for complex takeover deals". Furthermore, one of the firm's clients acknowledges that "promptness and accuracy in delivering legal assistance services are amongst their strengths".
May 10, 2021
Țuca Zbârcea & Asociații advises BRF on the sale of Banvit Foods Romania to Aaylex Group

The Brazil-based BRF, one of the largest food companies in the world (also a listed company on the NY stock exchange and B3 stock exchange), concluded the sale of Banvit Foods Romania to Aaylex System Group S.A., further to a EUR 20.3 million transaction. Țuca Zbârcea & Asociații advised BRF (through Nutrinvestment BV and Banvit Bandirma Vitaminli Yem Sanayii AS) on all corporate and M&A issues pertaining to the deal. [+]

The Brazil-based BRF, one of the largest food companies in the world (also a listed company on the NY stock exchange and B3 stock exchange), concluded the sale of Banvit Foods Romania to Aaylex System Group S.A., further to a EUR 20.3 million transaction.

Țuca Zbârcea & Asociații advised the Brazilian food giant - BRF (through Nutrinvestment BV and Banvit Bandirma Vitaminli Yem Sanayii AS) - on all corporate and M&A issues pertaining to the sale of 100% of the shares held in Banvit Foods to Aaylex System Group S.A. for an agreed price of EUR 20.3 million. Signed in December 2020, the deal was subject to certain conditions precedent, including the approval of the local antitrust authority. Aaylex Group owns the companies Avicola Buzău, Aaylex Prod and Aaylex Distribution, as well as the CocoRico brand.

The team of lawyers from Țuca Zbârcea & Asociații was led by Silvana Ivan, Partner.

"Silvana was a true partner during the whole project, demonstrating great negotiation skills and deep legal knowledge. During COVID times, she also took the responsibility of representing us locally and got the deal done despite the current difficulties", said Rafael Pellegrini Ribeiro, Head of International Legal Department at BRF.

Țuca Zbârcea & Asociații has a highly experienced Corporate and M&A team, the firm being constantly placed in the top echelon of the market in this area by all legal directories. According to the Legal 500, the firm's expertise in this field is "spectacular": "The team is also very good at contract drafting and negotiation, corporate restructurings, joint ventures, selling / acquiring assets etc. They are very strong at dealing with multiple assignments and properly ensuring time management and project management for complex takeover deals". Furthermore, one of the firm's clients acknowledges that "promptness and accuracy in delivering legal assistance services are amongst their strengths".

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Tuca Zbarcea & Asociatii wins the Law Firm of the Year Award at the 2021 IFLR Europe Awards Europe's most active and innovative law firms in banking and finance, capital markets and M&A were celebrated at IFLR's Annual Europe Awards held last night. No less than 26 national awards were announced during a virtual ceremony, with Tuca Zbarcea & Asociatii winning the Law Firm of the Year in Romania award. Europe's most active and innovative law firms in banking and finance, capital markets and M&A were celebrated at IFLR's Annual Europe Awards held last night. No less than 26 national awards were announced during a virtual ceremony, with Tuca Zbarcea & Asociatii winning the Law Firm of the Year in Romania award. Tuca Zbarcea & Asociatii became one of Romania's most awarded law firms, after it received the Law Firm of the Year award during this year's IFLR Europe Awards ceremony, in recognition of the firm's work on some of the biggest European transactions, such as the sale of CEZ's Romanian assets to the Australian funds manager MIRA. "This new international distinction comes after a very challenging year, in which we endeavoured to provide the best possible support to our clients, expressing our empathy and solidarity. We would like to thank our clients and collaborators, as well as our entire team - this award values and recognises innovation, determination, teamwork and professionalism, in a period marked by uncertainties and turbulence amid the COVID-19 pandemic", says Gabriel Zbarcea, Managing Partner of Tuca Zbarcea & Asociatii. For the sixth time, Tuca Zbarcea & Asociatii received one of the most coveted awards in the legal industry offered by the International Financial Law Review - IFLR. The firm previously won the IFLR's national award for Romania in 2019, 2012 and 2016. In 2016, it also received the "M&A Deal of the Year Award". In 2018, Tuca Zbarcea & Asociatii won the "High Yield Deal of the Year Award". IFLR's awards celebrate innovation, novelty and complexity - whether structural or regulatory. International Financial Law Review - IFLR is the editor of the renowned "IFLR 1000", the only international legal directory dedicated to ranking law firms and lawyers on the basis of financial and corporate transactional work.
April 30, 2021
Țuca Zbârcea & Asociații wins the Law Firm of the Year Award at the 2021 IFLR Europe Awards

Europe's most active and innovative law firms in banking and finance, capital markets and M&A were celebrated at IFLR's Annual Europe Awards held last night.

No less than 26 national awards were announced during a virtual ceremony, with Țuca Zbârcea & Asociații winning the Law Firm of the Year in Romania award. [+]

Europe's most active and innovative law firms in banking and finance, capital markets and M&A were celebrated at IFLR's Annual Europe Awards held last night. No less than 26 national awards were announced during a virtual ceremony, with Țuca Zbârcea & Asociații winning the Law Firm of the Year in Romania award.

Țuca Zbârcea & Asociații became one of Romania's most awarded law firms, after it received the Law Firm of the Year award during this year's IFLR Europe Awards ceremony, in recognition of the firm's work on some of the biggest European transactions, such as the sale of CEZ's Romanian assets to the Australian funds manager MIRA.

"This new international distinction comes after a very challenging year, in which we endeavoured to provide the best possible support to our clients, expressing our empathy and solidarity. We would like to thank our clients and collaborators, as well as our entire team - this award values and recognises innovation, determination, teamwork and professionalism, in a period marked by uncertainties and turbulence amid the COVID-19 pandemic", says Gabriel Zbârcea, Managing Partner of Țuca Zbârcea & Asociații.

For the sixth time, Țuca Zbârcea & Asociații received one of the most coveted awards in the legal industry offered by the International Financial Law Review - IFLR. The firm previously won the IFLR's national award for Romania in 2019, 2012 and 2016. In 2016, it also received the "M&A Deal of the Year Award". In 2018, Țuca Zbârcea & Asociații won the "High Yield Deal of the Year Award". 

IFLR's awards celebrate innovation, novelty and complexity - whether structural or regulatory. International Financial Law Review - IFLR is the editor of the renowned "IFLR 1000", the only international legal directory dedicated to ranking law firms and lawyers on the basis of financial and corporate transactional work.

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Tuca Zbarcea & Asociatii closes yet another deal in the hospitality sector Flavours, the most representative player in the hospitality and food services industry, attracted Mozaik Investments fund as its shareholder. Tuca Zbarcea & Asociatii advised the shareholders of Flavours on partnering up with the Mozaik Investments fund that will help fuel Flavour's future growth plans as part of an investment plan worth EUR 5 million. The legal team included Dragos Apostol, Partner and Andreea Ungureanu, Associate. Flavours, the most representative player in the hospitality and food services industry, attracted Mozaik Investments fund as its shareholder. Tuca Zbarcea & Asociatii advised the shareholders of Flavours on partnering up with the Mozaik Investments fund that will help fuel Flavour's future growth plans as part of an investment plan worth EUR 5 million. The legal team included Dragos Apostol, Partner and Andreea Ungureanu, Associate. "We work with many players in the industry, covering more or less the full range of specific activities: advice to real estate owners in negotiating management or franchise agreements for affiliation to various hotel brands, advice to operators of large restaurant chains (both QSR and casual dining), mostly on matters of real estate law, employment law, commercial contracts, litigation or taxation, consultancy and assistance in mergers & acquisitions (including competition law) for players in the distribution, food production, retail markets, etc. ", said Razvan Gheorghiu-Testa, Partner of Tuca Zbarcea & Asociatii, who coordinates the firm's hospitality projects. The Flavours - Mozaik transaction adds to the portfolio of projects recently carried out by Tuca Zbarcea & Asociatii in the hospitality industry, such as the sale of the iconic Ramada Majestic hotel or the launch, followed by the attraction of a seed investment in CoMarket, a B2B platform designed as a digital tool to connect HoReCa professionals and suppliers. The law firm's specialists are also involved in a mentoring program which is unique on the Romanian market: the HoReCa Business Accelerator (i.e., the first business accelerator for innovating start-ups in the hospitality industry), providing advice and guidance on corporate governance and compliance rules, intellectual property, competition law, personal data protection and GDPR, etc.
April 29, 2021
Țuca Zbârcea & Asociații closes yet another deal in the hospitality sector

Flavours, the most representative player in the hospitality and food services industry, attracted Mozaik Investments fund as its shareholder. Țuca Zbârcea & Asociații advised the shareholders of Flavours on partnering up with the Mozaik Investments fund that will help fuel Flavour's future growth plans as part of an investment plan worth EUR 5 million. The legal team included Dragoș Apostol, Partner and Andreea Ungureanu, Associate. [+]

Flavours, the most representative player in the hospitality and food services industry, attracted Mozaik Investments fund as its shareholder. Țuca Zbârcea & Asociații advised the shareholders of Flavours on partnering up with the Mozaik Investments fund that will help fuel Flavour's future growth plans as part of an investment plan worth EUR 5 million. The legal team included Dragoș Apostol, Partner and Andreea Ungureanu, Associate.

"We work with many players in the industry, covering more or less the full range of specific activities: advice to real estate owners in negotiating management or franchise agreements for affiliation to various hotel brands, advice to operators of large restaurant chains (both QSR and casual dining), mostly on matters of real estate law, employment law, commercial contracts, litigation or taxation, consultancy and assistance in mergers & acquisitions (including competition law) for players in the distribution, food production, retail markets, etc. ", said Răzvan Gheorghiu-Testa, Partner of Țuca Zbârcea & Asociații, who coordinates the firm's hospitality projects.

The Flavours - Mozaik transaction adds to the portfolio of projects recently carried out by Țuca Zbârcea & Asociații in the hospitality industry, such as the sale of the iconic Ramada Majestic hotel or the launch, followed by the attraction of a seed investment in CoMarket, a B2B platform designed as a digital tool to connect HoReCa professionals and suppliers.

The law firm's specialists are also involved in a mentoring program which is unique on the Romanian market: the HoReCa Business Accelerator (i.e., the first business accelerator for innovating start-ups in the hospitality industry), providing advice and guidance on corporate governance and compliance rules, intellectual property, competition law, personal data protection and GDPR, etc.

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