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Țuca Zbârcea & Asociații
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Tuca Zbarcea & Asociatii advises on Coca-Cola HBC Romania-HEINEKEN Romania deal Tuca Zbarcea & Asociatii provided legal assistance to Coca-Cola HBC Romania in the transaction by which the leader of the local beverage industry acquired 50% of the share capital of Stockday, an online business-2-business platform developed by HEINEKEN Romania. The transaction was recently approved by the European Commission. Coca-Cola HBC Romania became a shareholder in the e-commerce platform Stockday developed by HEINEKEN Romania by buying half of the company's share capital. The transaction was recently approved by the European Commission. Tuca Zbarcea & Asociatii provided legal assistance to Coca-Cola HBC Romania in the transaction by which the leader of the local beverage industry acquired 50% of the share capital of Stockday, an online business-2-business platform developed by HEINEKEN Romania. The platform will ensure the distribution of products from the portfolios of both companies in Bucharest and other counties. A team of lawyers from Tuca Zbarcea & Asociatii provided general advice on corporate and M&A matters, including due diligence review, assistance with transaction structuring and corporate governance, as well as assistance with the signing of transaction documents and during the closing period. Also, a team of lawyers specialising in competition law covered the competition matters of the deal. Horia Ispas, Partner (corporate/M&A) led the team, with further support from Sergiu Cretu, Managing Associate (corporate/data privacy/IP) and Andreea Oprisan, Managing Associate (competition). "We are honored and delighted to have contributed to the completion of a benchmark transaction on the local market. The partnership between these two beverage giants brings value-added benefits to the distribution segment and, implicitly, to the retail and HoReCa sector in Romania. We thank Coca-Cola HBC Romania for entrusting us with this task, and we would also like to thank the outstanding team of professionals from Coca-Cola HBC Romania's legal, finance and public affairs departments, who made the entire process not only smooth and efficient, but also very enjoyable all the way through", said Horia Ispas, Partner of Tuca Zbarcea & Asociatii.
April 13, 2021
Țuca Zbârcea & Asociații advises on Coca-Cola HBC Romania-HEINEKEN Romania deal
Țuca Zbârcea & Asociații provided legal assistance to Coca-Cola HBC Romania in the transaction by which the leader of the local beverage industry acquired 50% of the share capital of Stockday, an online business-2-business platform developed by HEINEKEN Romania. The transaction was recently approved by the European Commission. [+]

Coca-Cola HBC Romania became a shareholder in the e-commerce platform Stockday developed by HEINEKEN Romania by buying half of the company's share capital. The transaction was recently approved by the European Commission.

Țuca Zbârcea & Asociații provided legal assistance to Coca-Cola HBC Romania in the transaction by which the leader of the local beverage industry acquired 50% of the share capital of Stockday, an online business-2-business platform developed by HEINEKEN Romania. The platform will ensure the distribution of products from the portfolios of both companies in Bucharest and other counties.

A team of lawyers from Țuca Zbârcea & Asociații provided general advice on corporate and M&A matters, including due diligence review, assistance with transaction structuring and corporate governance, as well as assistance with the signing of transaction documents and during the closing period. Also, a team of lawyers specialising in competition law covered the competition matters of the deal.

Horia Ispas, Partner (corporate/M&A) led the team, with further support from Sergiu Crețu, Managing Associate (corporate/data privacy/IP) and Andreea Oprișan, Managing Associate (competition).

"We are honored and delighted to have contributed to the completion of a benchmark transaction on the local market. The partnership between these two beverage giants brings value-added benefits to the distribution segment and, implicitly, to the retail and HoReCa sector in Romania. We thank Coca-Cola HBC Romania for entrusting us with this task, and we would also like to thank the outstanding team of professionals from Coca-Cola HBC Romania's legal, finance and public affairs departments, who made the entire process not only smooth and efficient, but also very enjoyable all the way through", said Horia Ispas, Partner of Țuca Zbârcea & Asociații.

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Tuca Zbarcea & Asociatii advised CEZ on selling part of its Romanian assets to an Australian funds manager Tuca Zbarcea & Asociatii acted for CEZ Group as regards the divestment of its Romanian assets, namely the electricity distribution assets, the energy supply and an operational portfolio of renewable energy to funds managed by Macquarie Infrastructure and Real Assets ("MIRA"). The seven companies which are part of the deal are: Distributie Energie Oltenia, CEZ Vanzare, Ovidiu Development, Tomis Team, MW Team Invest, TMK Hydroenergy Power and CEZ Romania. CEZ Group has completed the sale of its Romanian assets to funds managed by Macquarie Infrastructure and Real Assets ("MIRA"). The assets comprise seven companies, including, among others, the electricity distribution grid, the energy supply assets and Fantanele Cogealac wind farm. Tuca Zbarcea & Asociatii acted for CEZ Group as regards the divestment of its Romanian assets, namely the electricity distribution assets, the energy supply and an operational portfolio of renewable energy to funds managed by Macquarie Infrastructure and Real Assets ("MIRA"). The seven companies which are part of the deal are: Distributie Energie Oltenia, CEZ Vanzare, Ovidiu Development, Tomis Team, MW Team Invest, TMK Hydroenergy Power and CEZ Romania. Tuca Zbarcea & Asociatii covered 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. "For me personally and for all the members of our team, it's a bittersweet emotion. We are feeling nostalgic and emotional at the thought of the wonderful experience we've had these past 15 years while working with CEZ Group. We had the chance to get involved in complex assignments, pioneering projects in Romania, which tested our skills and gave us huge satisfactions: from the successful implementation of the first unbundling process in the electricity sector, to the development of the largest onshore wind farm in Europe and up to CEZ's divestment of its local operations - the largest transaction in Romania in the last 13 years. We thank the CEZ team for the trust they placed in us over all these years and we look forward to collaborating in their future projects in the field of energy services.", said Sorin Vladescu, Partner of Tuca Zbarcea & Asociatii. Tuca Zbarcea & Asociatii worked closely with the Czech law firm - Skils s.r.o. advokatni kancelar, that acted as lead international legal advisor to CEZ a.s. on the sale. CEZ Group remains active in Romania, focusing on its energy trading (CEZ Trade Romania) and energy services business (High-Tech Clima).
April 1, 2021
Țuca Zbârcea & Asociații advised CEZ on selling part of its Romanian assets to an Australian funds manager
Țuca Zbârcea & Asociații acted for CEZ Group as regards the divestment of its Romanian assets, namely the electricity distribution assets, the energy supply and an operational portfolio of renewable energy to funds managed by Macquarie Infrastructure and Real Assets ("MIRA"). The seven companies which are part of the deal are: Distribuție Energie Oltenia, CEZ Vânzare, Ovidiu Development, Tomis Team, MW Team Invest, TMK Hydroenergy Power and CEZ România. [+]

CEZ Group has completed the sale of its Romanian assets to funds managed by Macquarie Infrastructure and Real Assets ("MIRA"). The assets comprise seven companies, including, among others, the electricity distribution grid, the energy supply assets and Fântânele Cogealac wind farm. 

Țuca Zbârcea & Asociații acted for CEZ Group as regards the divestment of its Romanian assets, namely the electricity distribution assets, the energy supply and an operational portfolio of renewable energy to funds managed by Macquarie Infrastructure and Real Assets ("MIRA"). The seven companies which are part of the deal are: Distribuție Energie Oltenia, CEZ Vânzare, Ovidiu Development, Tomis Team, MW Team Invest, TMK Hydroenergy Power and CEZ România.

Țuca Zbârcea & Asociații covered 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.

"For me personally and for all the members of our team, it's a bittersweet emotion. We are feeling nostalgic and emotional at the thought of the wonderful experience we've had these past 15 years while working with CEZ Group. We had the chance to get involved in complex assignments, pioneering projects in Romania, which tested our skills and gave us huge satisfactions: from the successful implementation of the first unbundling process in the electricity sector, to the development of the largest onshore wind farm in Europe and up to CEZ's divestment of its local operations - the largest transaction in Romania in the last 13 years. We thank the CEZ team for the trust they placed in us over all these years and we look forward to collaborating in their future projects in the field of energy services.", said Sorin Vlădescu, Partner of Țuca Zbârcea & Asociații.

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

CEZ Group remains active in Romania, focusing on its energy trading (CEZ Trade Romania) and energy services business (High-Tech Clima).

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Tuca Zbarcea & Asociatii successfully assists MOL Romania in the expansion of the services space networks on the A1 and A2 Motorways MOL Romania Petroleum Products S.R.L. won 7 out of the 13 lots for services spaces leased under concession by Compania Nationala de Administrare a Infrastructurii Rutiere S.A. for equipping/fitting out, operating and maintaining the services spaces located on Romanian motorways open to road traffic, on the routes of Nadlac - Sibiu and Pitesti - Bucharest (A1) and Cernavoda - Constanta (A2). The company retained Tuca Zbarcea & Asociatii to provide full advisory services in respect thereof. MOL Romania Petroleum Products S.R.L. won 7 out of the 13 lots for services spaces leased under concession by Compania Nationala de Administrare a Infrastructurii Rutiere S.A. for equipping/fitting out, operating and maintaining the services spaces located on Romanian motorways open to road traffic, on the routes of Nadlac - Sibiu and Pitesti - Bucharest (A1) and Cernavoda - Constanta (A2). The lawyers from Tuca Zbarcea & Asociatii were involved in all the stages of the concession procedure, their activities covering legal advice on the requirements of the tender documentation, the legal structuring of the participation in the tendering procedure, the tender preparation and submission, the drafting of answers to the contracting authority's requests for clarification and the executing the concession contracts. Previously, the lawyers also assisted MOL during the prior market consultation. MOL thus continues the historical collaboration it started with Tuca Zbarcea & Asociatii on this type of projects in 2015, on the occasion of a similar procedure for the rental of services spaces located on several sections of the A1 Motorway. The members of the team involved in the project were Iuliana Leon, Managing Associate, and Serban Paslaru, Partner. The team specialising in public procurement, concessions & public-private partnerships is one of the best known in Romania, according to international legal guides - Chambers & Partners, Legal 500 and IFLR - that place Tuca Zbarcea & Asociatii amongst the leading law firms in those areas. 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).
March 30, 2021
Țuca Zbârcea & Asociații successfully assists MOL România in the expansion of the services space networks on the A1 and A2 Motorways
MOL Romania Petroleum Products S.R.L. won 7 out of the 13 lots for services spaces leased under concession by Compania Națională de Administrare a Infrastructurii Rutiere S.A. for equipping/fitting out, operating and maintaining the services spaces located on Romanian motorways open to road traffic, on the routes of Nădlac - Sibiu and Pitești - Bucharest (A1) and Cernavodă - Constanța (A2). The company retained Țuca Zbârcea & Asociații to provide full advisory services in respect thereof. [+]

MOL Romania Petroleum Products S.R.L. won 7 out of the 13 lots for services spaces leased under concession by Compania Națională de Administrare a Infrastructurii Rutiere S.A. for equipping/fitting out, operating and maintaining the services spaces located on Romanian motorways open to road traffic, on the routes of Nădlac - Sibiu and Pitești - Bucharest (A1) and Cernavodă - Constanța (A2).

The lawyers from Țuca Zbârcea & Asociații were involved in all the stages of the concession procedure, their activities covering legal advice on the requirements of the tender documentation, the legal structuring of the participation in the tendering procedure, the tender preparation and submission, the drafting of answers to the contracting authority's requests for clarification and the executing the concession contracts. Previously, the lawyers also assisted MOL during the prior market consultation.

MOL thus continues the historical collaboration it started with Țuca Zbârcea & Asociații on this type of projects in 2015, on the occasion of a similar procedure for the rental of services spaces located on several sections of the A1 Motorway.

The members of the team involved in the project were Iuliana Leon, Managing Associate, and Șerban Pâslaru, Partner.

The team specialising in public procurement, concessions & public-private partnerships is one of the best known in Romania, according to international legal guides - Chambers & Partners, Legal 500 and IFLR - that place Țuca Zbârcea & Asociații amongst the leading law firms in those areas. 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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15 Romanian lawyers and an arbitrator, on the list of the leading arbitration practitioners in the CEE region The Legal 500 has recently released the 'Arbitration Powerlist: Central and Eastern Europe', a list of the best arbitration counsels in the CEE region. Tuca Zbarcea & Asociatii achieved the largest number of listings for any law firm in Romania. No less than five lawyers from the Romanian law firm were included in the publication - Florentin Tuca, Levana Zigmund, Anca Puscasu, Cornel Popa, Robert Rosu. The Legal 500 has recently released the 'Arbitration Powerlist: Central and Eastern Europe', a list of the best arbitration counsels in the CEE region. Tuca Zbarcea & Asociatii achieved the largest number of listings for any law firm in Romania. For 33 years, The Legal 500 has been analysing the capabilities of law firms and sets across the world, compiling one of the most accurate and comprehensive rankings in the legal field. The publisher has recently released the 'Arbitration Powerlist: Central and Eastern Europe', showcasing the leading practitioners working in the region, from Austria and Poland to the Baltic nations and down to Serbia and North Macedonia. According to the editors, "the listing reflects those practitioners that are deemed the gold standard by business". The listing from Romania includes 15 lawyers and one arbitrator of the Bucharest International Court of Arbitration (BIAC), with Tuca Zbarcea & Asociatii receiving the largest number of nominations. No less than five lawyers from the Romanian law firm were included in the publication - Florentin Tuca, Levana Zigmund, Anca Puscasu, Cornel Popa, Robert Rosu. They are all reputable dispute resolution practitioners whose expertise encompasses arbitration under the leading institution rules, including under the Court of International Commercial Arbitration (attached to the Chamber of Commerce and Industry of Romania), the International Centre for the Settlement of Investment Disputes (ICSID), the UNCITRAL Rules or the International Chamber of Commerce, as well as the Permanent Court of Arbitration in The Hague and GAFTA rules. 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 the Global Arbitration Review, Legal 500, Chambers & Partners. More so, the firm is a recipient of the 2020 "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. The Arbitration Powerlist: Central and Eastern Europe is available here: https://indd.adobe.com/view/89a3801a-1de7-4aa1-9bc2-16f865d5a438
March 24, 2021
15 Romanian lawyers and an arbitrator, on the list of the leading arbitration practitioners in the CEE region
The Legal 500 has recently released the 'Arbitration Powerlist: Central and Eastern Europe', a list of the best arbitration counsels in the CEE region. Țuca Zbârcea & Asociații achieved the largest number of listings for any law firm in Romania. No less than five lawyers from the Romanian law firm were included in the publication - Florentin Țuca, Levana Zigmund, Anca Pușcașu, Cornel Popa, Robert Roșu. [+]

The Legal 500 has recently released the 'Arbitration Powerlist: Central and Eastern Europe', a list of the best arbitration counsels in the CEE region. Țuca Zbârcea & Asociații achieved the largest number of listings for any law firm in Romania.

For 33 years, The Legal 500 has been analysing the capabilities of law firms and sets across the world, compiling one of the most accurate and comprehensive rankings in the legal field. The publisher has recently released the 'Arbitration Powerlist: Central and Eastern Europe', showcasing the leading practitioners working in the region, from Austria and Poland to the Baltic nations and down to Serbia and North Macedonia. According to the editors, "the listing reflects those practitioners that are deemed the gold standard by business".

The listing from Romania includes 15 lawyers and one arbitrator of the Bucharest International Court of Arbitration (BIAC), with Țuca Zbârcea & Asociații receiving the largest number of nominations. No less than five lawyers from the Romanian law firm were included in the publication - Florentin Țuca, Levana Zigmund, Anca Pușcașu, Cornel Popa, Robert Roșu. They are all reputable dispute resolution practitioners whose expertise encompasses arbitration under the leading institution rules, including under the Court of International Commercial Arbitration (attached to the Chamber of Commerce and Industry of Romania), the International Centre for the Settlement of Investment Disputes (ICSID), the UNCITRAL Rules or the International Chamber of Commerce, as well as the Permanent Court of Arbitration in The Hague and GAFTA rules.

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 the Global Arbitration Review, Legal 500, Chambers & Partners. More so, the firm is a recipient of the 2020 "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.

The Arbitration Powerlist: Central and Eastern Europe is available here: https://indd.adobe.com/view/89a3801a-1de7-4aa1-9bc2-16f865d5a438

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Tuca Zbarcea & Asociatii, once again rated in the top echelon of the market by Chambers Europe 2021 edition Tuca Zbarcea & Asociatii has once again been recognised as one of the best law firms in Romania by the 2021 edition of Chambers Europe, released today. The firm has also been recently shortlisted for the "Law Firm of the Year Award" at the 2021 Chambers Europe Awards. Tuca Zbarcea & Asociatii is at the very top of the profession as regards all major areas of law, according to the most recent Chambers Europe edition, the firm's lawyers being highly recognised for their outstanding work in complex projects, including litigation and arbitration. As such, the firm ranks first (Tier 1) in Corporate/M&A, Dispute Resolution, Competition/Antitrust, Intellectual Property/Telecom, Media & IT (TMT). Also, the firm received top rankings in Tax, Projects & Energy, Employment, Real Estate and Banking & Finance. Furthermore, Chambers Europe singles out our team's professional skills and excellence in client service, with 16 lawyers and tax advisors being named as "Leading Individuals" in this year's edition of the guide. Tuca Zbarcea & Asociatii has a "longstanding presence at the top end of the Romanian market" note the editors. As a matter of fact, in recognition of the firm's pre-eminence in the market, Chambers Europe has this year once again shortlisted Tuca Zbarcea & Asociatii for the "Law Firm of the Year Award" at the annual Chambers Europe Awards gala. Tuca Zbarcea & Asociatii is a multiple award-winning law firm, having won this prestigious trophy three times, including last year. For nearly 30 years, Chambers & Partners has published the world's leading guides to the legal profession and has built a reputation for in-depth, objective research, covering 200 jurisdictions throughout the world. 316 submissions were received from Romania and 42 law firms made it to Chambers Europe's rankings this year.
March 18, 2021
Țuca Zbârcea & Asociații, once again rated in the top echelon of the market by Chambers Europe 2021 edition

Țuca Zbârcea & Asociații has once again been recognised as one of the best law firms in Romania by the 2021 edition of Chambers Europe, released today. The firm has also been recently shortlisted for the "Law Firm of the Year Award" at the 2021 Chambers Europe Awards. [+]

Țuca Zbârcea & Asociații is at the very top of the profession as regards all major areas of law, according to the most recent Chambers Europe edition, the firm's lawyers being highly recognised for their outstanding work in complex projects, including litigation and arbitration. As such, the firm ranks first (Tier 1) in Corporate/M&A, Dispute Resolution, Competition/Antitrust, Intellectual Property/Telecom, Media & IT (TMT). Also, the firm received top rankings in Tax, Projects & Energy, Employment, Real Estate and Banking & Finance.

Furthermore, Chambers Europe singles out our team's professional skills and excellence in client service, with 16 lawyers and tax advisors being named as "Leading Individuals" in this year's edition of the guide. 

Țuca Zbârcea & Asociații has a "longstanding presence at the top end of the Romanian market" note the editors. As a matter of fact, in recognition of the firm's pre-eminence in the market, Chambers Europe has this year once again shortlisted Țuca Zbârcea & Asociații for the "Law Firm of the Year Award" at the annual Chambers Europe Awards gala. Țuca Zbârcea & Asociații is a multiple award-winning law firm, having won this prestigious trophy three times, including last year.

For nearly 30 years, Chambers & Partners has published the world's leading guides to the legal profession and has built a reputation for in-depth, objective research, covering 200 jurisdictions throughout the world. 316 submissions were received from Romania and 42 law firms made it to Chambers Europe's rankings this year.

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The arbitration team of Tuca Zbarcea & Asociatii scores another victory in an arbitral dispute worth EUR 6 million The arbitration team of Tuca Zbarcea & Asociatii has won an arbitral dispute in connection with a public works project worth EUR 6 million. The firm represented a company specializing in road markings and signs in the arbitration proceedings carried out according to the rules of the Court of International Commercial Arbitration attached to the Romanian Chamber of Commerce and Industry. The arbitration team of Tuca Zbarcea & Asociatii has won an arbitral dispute in connection with a public works project worth EUR 6 million. The firm represented a company specializing in road markings and signs in the arbitration proceedings carried out according to the rules of the Court of International Commercial Arbitration attached to the Romanian Chamber of Commerce and Industry. The arbitral dispute, initiated by the company in October 2017, arose from the breach of a joint venture agreement concluded for taking part in a project worth EUR 6 million, having as object the performance of road markings on national roads in Romania. The company sought in arbitration the recovery of the profit related to the works which it was entitled to for the project in question according to the terms of the joint venture agreement, as well as corresponding delay penalties. By the arbitral award handed down in April 2019, the arbitral tribunal fully upheld the request for arbitration and rejected the counterclaim submitted by the opposing party. According to Cornel Popa, Co-Head of the arbitration practice of Tuca Zbarcea & Asociatii, the arbitral tribunal ruled on a series of important issues, such as those related to the duties of the leader of a consortium taking part in a public works project, the distribution between consortium members of the works received from public authorities with constant observance of the contractual percentage agreed for each individual work, and the duty of the consortium leader to abide by its obligation to inform the other consortium members about the works received. The tribunal also ruled on a matter of principle regarding the interpretation of the agreement in relation to the established practices between the parties, which can be upheld only if there is an insufficient determination of the content of the agreement and only if the practices are established between the parties, and not in relation to the contracting authority, which is a third party with regard to the joint venture agreement. The award impacts the entirety of relations between the parties for the project in dispute, so the subsequent financial implications are larger than the amounts claimed in the arbitration proceedings. The setting aside proceedings commenced by the defendant were finally dismissed by the courts of law. In October 2019, the Bucharest Court of Appeals upheld the traditional rule in the field of arbitration, in the sense that the court does not have the power to review the merits of the case, and that the interpretation of legal relations between the parties is exclusively attributed to the arbitral tribunal, a decision which the High Court of Cassation and Justice confirmed on 23 February 2021. In the arbitration proceedings, the claimant was represented by a team of attorneys led by Cornelia Tabirta, Managing Associate within the Litigation and Arbitration practice group of Tuca Zbarcea & Asociatii. The legal assistance and representation in the setting aside proceedings were headed by Ana Popa, Managing Associate within the same practice. The team also included Associates Andrei Diaconescu and Bianca Cercel. 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. More so, the firm is a recipient of the 2020 "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.
March 12, 2021
The arbitration team of Țuca Zbârcea & Asociații scores another victory in an arbitral dispute worth EUR 6 million
The arbitration team of Țuca Zbârcea & Asociații has won an arbitral dispute in connection with a public works project worth EUR 6 million. The firm represented a company specializing in road markings and signs in the arbitration proceedings carried out according to the rules of the Court of International Commercial Arbitration attached to the Romanian Chamber of Commerce and Industry. [+]

The arbitration team of Țuca Zbârcea & Asociații has won an arbitral dispute in connection with a public works project worth EUR 6 million. The firm represented a company specializing in road markings and signs in the arbitration proceedings carried out according to the rules of the Court of International Commercial Arbitration attached to the Romanian Chamber of Commerce and Industry.

The arbitral dispute, initiated by the company in October 2017, arose from the breach of a joint venture agreement concluded for taking part in a project worth EUR 6 million, having as object the performance of road markings on national roads in Romania. The company sought in arbitration the recovery of the profit related to the works which it was entitled to for the project in question according to the terms of the joint venture agreement, as well as corresponding delay penalties. By the arbitral award handed down in April 2019, the arbitral tribunal fully upheld the request for arbitration and rejected the counterclaim submitted by the opposing party.

According to Cornel Popa, Co-Head of the arbitration practice of Țuca Zbârcea & Asociații, the arbitral tribunal ruled on a series of important issues, such as those related to the duties of the leader of a consortium taking part in a public works project, the distribution between consortium members of the works received from public authorities with constant observance of the contractual percentage agreed for each individual work, and the duty of the consortium leader to abide by its obligation to inform the other consortium members about the works received. The tribunal also ruled on a matter of principle regarding the interpretation of the agreement in relation to the established practices between the parties, which can be upheld only if there is an insufficient determination of the content of the agreement and only if the practices are established between the parties, and not in relation to the contracting authority, which is a third party with regard to the joint venture agreement. The award impacts the entirety of relations between the parties for the project in dispute, so the subsequent financial implications are larger than the amounts claimed in the arbitration proceedings.

The setting aside proceedings commenced by the defendant were finally dismissed by the courts of law. In October 2019, the Bucharest Court of Appeals upheld the traditional rule in the field of arbitration, in the sense that the court does not have the power to review the merits of the case, and that the interpretation of legal relations between the parties is exclusively attributed to the arbitral tribunal, a decision which the High Court of Cassation and Justice confirmed on 23 February 2021.

In the arbitration proceedings, the claimant was represented by a team of attorneys led by Cornelia Tăbîrță, Managing Associate within the Litigation and Arbitration practice group of Țuca Zbârcea & Asociații. The legal assistance and representation in the setting aside proceedings were headed by Ana Popa, Managing Associate within the same practice. The team also included Associates Andrei Diaconescu and Bianca Cercel.

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.

More so, the firm is a recipient of the 2020 "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.

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Tuca Zbarcea & Asociatii advises on the sale of the iconic Ramada Majestic Hotel Tuca Zbarcea & Asociatii acted on one of Romania's most important deals in the HORECA industry since the beginning of the year. The firm's Real estate team advised the owner of Ramada Majestic, an iconic hotel located on Calea Victoriei, Bucharest's oldest and probably most charming street on signing a deal with Swiss company - VisionApartments. Tuca Zbarcea & Asociatii acted on one of Romania's most important deals in the HORECA industry since the beginning of the year. The firm's Real Estate team advised the owner of Ramada Majestic, an iconic hotel located on Calea Victoriei, Bucharest's oldest and probably most charming street. The hotel was sold to VisionApartments, a Swiss company offering tailored temporary living solutions in over 850 business locations worldwide. The seller's team was led by Partner Dan Borbely who worked closely with Special Properties, the exclusive broker of the seller. "We are very delighted to pass the historical property to the next generation", said the advisors. Razvan Mircea, a Managing Associate in Tuca Zbarcea & Asociatii's Real Estate practice group also advised on the deal. The historic hotel was built in 1920 and it features 111 rooms and 450 sqm event space, consisting of 6 meeting rooms that can accommodate up to 300 guests. A gym, a spa area with a heated pool, a jacuzzi as well as a bar, a restaurant, and a business centre are part of the unique property.
March 3, 2021
Țuca Zbârcea & Asociații advises on the sale of the iconic Ramada Majestic Hotel

Țuca Zbârcea & Asociații acted on one of Romania's most important deals in the HORECA industry since the beginning of the year. The firm's Real estate team advised the owner of Ramada Majestic, an iconic hotel located on Calea Victoriei, Bucharest's oldest and probably most charming street on signing a deal with Swiss company - VisionApartments. [+]

Țuca Zbârcea & Asociații acted on one of Romania's most important deals in the HORECA industry since the beginning of the year. The firm's Real Estate team advised the owner of Ramada Majestic, an iconic hotel located on Calea Victoriei, Bucharest's oldest and probably most charming street. The hotel was sold to VisionApartments, a Swiss company offering tailored temporary living solutions in over 850 business locations worldwide.

The seller's team was led by Partner Dan Borbely who worked closely with Special Properties, the exclusive broker of the seller. "We are very delighted to pass the historical property to the next generation", said the advisors. Răzvan Mircea, a Managing Associate in Țuca Zbârcea & Asociații's Real Estate practice group also advised on the deal. 

The historic hotel was built in 1920 and it features 111 rooms and 450 sqm event space, consisting of 6 meeting rooms that can accommodate up to 300 guests. A gym, a spa area with a heated pool, a jacuzzi as well as a bar, a restaurant, and a business centre are part of the unique property.

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Tuca Zbarcea & Asociatii, sole Romanian law firm listed in the inaugural GDR 100 elite The inaugural edition of the GDR 100 identifies and profiles the world's best data law firms. The GDR 100 is the only global ranking that captures the capabilities, track record and market reputation of the leading firms in the field - and the first data law ranking that does not exclusively focus on data protection and privacy. From Romania, Tuca Zbarcea & Asociatii stands out as the only law firm that received a listing in the GDR 100 edition. According to the editors, "Tuca Zbarcea & Asociatii is home to Romania's largest team of data protection and privacy lawyers and offers an exhaustive menu of services to domestic and international companies in telecoms, financial services, healthcare, life sciences, e-commerce, energy and other key sectors." The inaugural edition of the GDR 100 identifies and profiles the world's best data law firms. The GDR 100 is the only global ranking that captures the capabilities, track record and market reputation of the leading firms in the field - and the first data law ranking that does not exclusively focus on data protection and privacy. From Romania, Tuca Zbarcea & Asociatii stands out as the only law firm that received a listing in the GDR 100 edition. According to the editors, "Tuca Zbarcea & Asociatii is home to Romania's largest team of data protection and privacy lawyers and offers an exhaustive menu of services to domestic and international companies in telecoms, financial services, healthcare, life sciences, e-commerce, energy and other key sectors. In ticking all the boxes, the firm is well-placed to handle large, complex and important data projects - something client referees particularly recommend it for. Further helpful in this regard is international expertise and a collaborative approach - Tuca Zbarcea & Asociatii's data experts have no problem slotting into cross-border legal teams whose members come from peer firms around the world." Also, the firm's clients praise the firm as it has "A remarkably good team of data privacy lawyers who respond quickly, meet tight deadlines and think ahead to potential problems and solutions. The team really understands the telecommunications industry and gives practical advice that is tailored to its clients." Another client says "The group is highly creative and strikes the right balance in terms of giving legal and business advice. Its lawyers are open minded, flexible and good active listeners who know how to make you feel comfortable. Their internal and external communication is very effective, and their advice is consistently accurate and reliable." Further, several individuals come in for high praise, too: "Ciprian Timofte is an excellent team player and a determined, enthusiastic and innovative lawyer." "Bogdan Halcu is commercial and creative, as well as good at contextualising data privacy issues in their wider context." "Sergiu Cretu has an analytical mind and has amassed considerable data privacy and IP experience. He is proactive and straightforward." "Ciprian Dragomir has a strong background in data privacy and intellectual property. He delegates effectively and has built up an experienced team around him." The full rankings are available here: https://globaldatareview.com/survey/gdr-100/2021/organization-profile/tuca-zbarcea-asociatii
February 25, 2021
Țuca Zbârcea & Asociații, sole Romanian law firm listed in the inaugural GDR 100 elite

The inaugural edition of the GDR 100 identifies and profiles the world's best data law firms. The GDR 100 is the only global ranking that captures the capabilities, track record and market reputation of the leading firms in the field - and the first data law ranking that does not exclusively focus on data protection and privacy.

From Romania, Țuca Zbârcea & Asociații stands out as the only law firm that received a listing in the GDR 100 edition. According to the editors, "Țuca Zbârcea & Asociații is home to Romania's largest team of data protection and privacy lawyers and offers an exhaustive menu of services to domestic and international companies in telecoms, financial services, healthcare, life sciences, e-commerce, energy and other key sectors." [+]

The inaugural edition of the GDR 100 identifies and profiles the world's best data law firms. The GDR 100 is the only global ranking that captures the capabilities, track record and market reputation of the leading firms in the field - and the first data law ranking that does not exclusively focus on data protection and privacy.

From Romania, Țuca Zbârcea & Asociații stands out as the only law firm that received a listing in the GDR 100 edition. According to the editors, "Țuca Zbârcea & Asociații is home to Romania's largest team of data protection and privacy lawyers and offers an exhaustive menu of services to domestic and international companies in telecoms, financial services, healthcare, life sciences, e-commerce, energy and other key sectors. In ticking all the boxes, the firm is well-placed to handle large, complex and important data projects - something client referees particularly recommend it for. Further helpful in this regard is international expertise and a collaborative approach - Țuca Zbârcea & Asociații's data experts have no problem slotting into cross-border legal teams whose members come from peer firms around the world."

Also, the firm's clients praise the firm as it has "A remarkably good team of data privacy lawyers who respond quickly, meet tight deadlines and think ahead to potential problems and solutions. The team really understands the telecommunications industry and gives practical advice that is tailored to its clients."

Another client says "The group is highly creative and strikes the right balance in terms of giving legal and business advice. Its lawyers are open minded, flexible and good active listeners who know how to make you feel comfortable. Their internal and external communication is very effective, and their advice is consistently accurate and reliable."

Further, several individuals come in for high praise, too: "Ciprian Timofte is an excellent team player and a determined, enthusiastic and innovative lawyer." "Bogdan Halcu is commercial and creative, as well as good at contextualising data privacy issues in their wider context." "Sergiu Cretu has an analytical mind and has amassed considerable data privacy and IP experience. He is proactive and straightforward." "Ciprian Dragomir has a strong background in data privacy and intellectual property. He delegates effectively and has built up an experienced team around him."

The full rankings are available here: https://globaldatareview.com/survey/gdr-100/2021/organization-profile/tuca-zbarcea-asociatii

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