Țuca Zbârcea & Asociații
Europe Guide 2024
Țuca Zbârcea & Asociații
Email address
[email protected]Contact number
+40 21 204 8890Share profile
About
Managing Partners: Florentin Ţuca, Gabriel Zbârcea Deputy
Managing Partner: Ştefan Damian
Partners: Cornel Popa, Sorin Vlădescu, Răzvan Gheorghiu-Testa, Ciprian Dragomir, Ioana Hrisafi, Levana Zigmund, Raluca Vasilache, Oana Ureche, Dan Borbely, Şerban Pâslaru, Mihai Dudoiu, Ionuţ Şerban, Christina Vlădescu, Silvana Ivan, Cătălin Băiculescu, Vlad Cercel, Dragoş Apostol, Gabriela Anton, Horia Ispas, Anca Pușcașu, Dan Cristea, Ciprian Timofte, Mihai Anghel, Oana Gavril, Cătălina Mihăilescu, Andreea Oprișan, Alexandra Pereș, Alina Ungureanu
Number of partners in Bucharest office: 33
Number of other lawyers in Bucharest office: 120
Languages: Romanian, English, French, Spanish, German, Italian
Firm Overview:
Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team is able to provide the full range of services to Israeli and Chinese investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.
Main Areas of Practice:
Ţuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: mergers, acquisitions and privatisation; corporate and commercial; litigation and international arbitration; oil and gas/mining; corporate tax; PPP, concession and public procurement; electronic communications and IT; employment and pensions; insurance and reinsurance; real estate; banking and finance; capital markets and securities; competition; healthcare and pharmaceutical; energy; environmental; intellectual property; media and advertising; regulatory legal services; shipping and transport.
Clients:
The firm’s client portfolio includes international corporations, financial institutions, as well as Fortune 500 category companies. It also works with local public authorities and bodies.
International Work:
Ţuca Zbârcea & Asociaţii advises international companies with interests in Romania on virtually all legal matters affecting them, such as:
■ An electricity producer from the Czech Republic – legal assistance in relation to the applicable Romanian law matters as regards the divestment of a portfolio of power assets to a consortium led by Macquarie European Infrastructure Fund 6. According to media reports, the transaction is the largest deal in Romania since 2008
■ A US pharma giant - legal advice on the local loop of its USD 6.47 billion acquisition of Alliance Healthcare distribution business from Walgreens Boots Alliance (WBA)
■ A leading telecom company - legal assistance in relation to various Romanian law matters arising from the sale to Orange Romania of a 54% controlling stake owned by OTE in fixed operator Telekom Romania Communications for a total of EUR 268 million (on a debt-free, cash-free basis and subject to customary adjustments at closing)
■ A consortium of international financial institutions – assistance in relation to a number of high-profile acquisitions in the financial services sector, including the largest acquisition of a corporate non-performing loan package worth €1.2 billion
■ A leading telecom company – advising on the Romanian legal aspects of a cross-border transaction involving the acquisition of Liberty Global’s operations in several European countries, including Romania for an enterprise value of €18.4 billion
■ Advising a pharmaceutical company on the Romanian legal aspects of a €1.9 billion divestment of its European generics business to Advent International
■ Advising an agribusiness fund based in Abu Dhabi (UAE) on the acquisition of a project company holding the farming rights for approximately 57,000 ha located in Romania further to a €200 million deal
■ Advising an American multinational investment bank and financial services company on the acquisition of America House Office Building (a landmark office building located in Bucharest CBD) and Promenada Shopping Mall (Targu Mures) from AEW Europe
■ Advising the subsidiary of Transgaz, the Romanian national gas transporter on the full acquisition of S.E. Vestmoldtransgaz, operator of the natural gas supply network in the Republic of Moldova
■ Assisting a leading local bank in acquiring a minority shareholding in Banca Comerciala Romana (BCR) from SIF Oltenia. The deal value amounts to €140 million
■ America’s most successful fast food chains – assistance in relation to various corporate and commercial issues arising out from its operations in Romania, including advice on the sale of its Romanian subsidiary to Premier Capital
■ A French hypermarket operator – assistance as sole legal advisor on all its operations in Romania and in the expansion if its retail sale network, including M&A, real estate, corporate, competition, labour, litigation, regulatory issues
■ Assistance to the leading financial services provider in Central and Eastern Europe and also the majority shareholder in Banca Comercială Română on a wide range of legal issues ranging from complex banking and finance, capital markets, M&A and post-privatisation issues, corporate, insurance and private pensions, insolvency and liquidation, competition, capital markets, litigation
PRACTICE AREAS
Banking & Finance
Capital Markets & Securities
Competition
Corporate & Commercial
Data Privacy
Electronic Communications & IT
Employment & Pensions
Energy & Natural Resources
Environmental & Permitting
PPP, PFI & Concessions
Intellectual Property
Litigation & Arbitration
Real Estate
Mergers, Acquisitions, Privatisations
Restructuring & Insolvency
Taxation
OFFICES
ROMANIA
BUCHAREST: Victoriei Square, 4-8 Nicolae Titulescu Ave., America House, West Wing, 8th Floor, Sector 1, 011141
Tel: +40 21 204 88 90 Fax: +40 21 204 88 99
Email: [email protected]
CLUJ-NAPOCA: 22 Milton Lehrer St., 1st Floor, 400071
Tel: +40 364 11 69 06/11 69 07
Fax: +40 364 11 69 05
Email: [email protected]
Ranked Offices
Provided by Țuca Zbârcea & Asociații
- BucharestVictoriei Square, 4-8 Nicolae Titulescu Ave., America House, West Wing, 8/F, Sector 1, Bucharest, Bucureşti, Romania, 011141
- Web: www.tuca.ro
- Tel: +40 21 204 8890
- Fax: +40 21 204 8899
- View ranked office
Țuca Zbârcea & Asociații rankings
Articles, highlights and press releases
83 items provided by Țuca Zbârcea & Asociații
Romanian rugby national team "Stejarii - The Oaks" qualifies directly for the 2023 Rugby World Cup
The Romanian Rugby National Team has qualified for the Rugby World Cup to take place in France in 2023, following a decision of an independent panel appointed by World Rugby, the sport's governing body.
CJEU Ruling on the Concept of Fixed Establishment for VAT Purposes
The Court of Justice of the European Union (CJEU) released its judgement in Case C-333/20 Berlin Chemie on 7 April 2022. This extremely important ruling might mark the turning point in the controversial VAT fixed establishment topic.
Țuca Zbârcea & Asociații advises Partners for Growth VI, L.P. on a complex financing
A team of banking and finance lawyers from Tuca Zbarcea & Asociatii advised Partners for Growth VI, L.P. on Romanian law aspects related to the accession of the Romanian subsidiary (Splend Technology S.R.L.) of the Splend group to an Australian law governed loan note subscription agreement.
Țuca Zbârcea & Asociații acts for a club of local banks on a RON 431 mln. syndicated credit facility
Romanian law firm Tuca Zbarcea & Asociatii advised a club of local banks (led by OTP Bank Romania S.A. as arranger, facility agent and security agent) in relation to a RON 431 million syndicated facility agreement for the financing of Aaylex One group.
Romania: Humanitarian and Assistance Measures in the context of the Ukraine's Military Conflict
Recent considerations on the humanitarian and assistance measures adopted by Romania in the context of the military conflict on the territory of Ukraine.
Enactment of AML/CFT secondary legislation applicable to the Romanian gambling industry
Order No. 370/2021 of the President of the National Office for Gambling (“Order No. 370/2021”) approving the Instructions on preventing and combating money laundering and terrorist financing in the field of gambling in Romania (“AML Instructions”) has entered into force on 7 January 2022.
Tuca Zbarcea & Asociatii advises on a EUR 35 million acquisition of RECORD PARK in Cluj city
Real estate developer Speedwell together with Belgium based Baltisse and AYA Properties Fund have concluded the transaction for the sale of RECORD PARK Offices.
Tuca Zbarcea & Asociatii completes high-profile deal in the retail sector
Țuca Zbârcea & Asociații advised Revetas Capital in relation to the disposal of Vitantis Shopping Center to Praktiker Real Estate Romania. The firm's real estate lawyers led by Partners Oana Ureche and Răzvan Gheorghiu-Testa advised the seller.
Tuca Zbârcea & Asociatii Appoints Six New Partners in Latest Round of Promotions
Țuca Zbârcea & Asociații is strengthening its partnership with the appointment of six Partners, while five other lawyers were promoted to key roles such as of Managing Associate and Senior Associate.
Tuca Zbarcea & Asociatii helps BMC Truck&Bus deliver 151 electric buses for 11 municipalities
Țuca Zbârcea & Asociații advised BMC Truck&Bus in relation to €60 million tender procedures regarding the supply of 151 electric buses for public transport in 11 municipalities.
Tuca Zbarcea & Asociatii, successful in annulling a tax assessment notice for a transport operator
Tuca Zbarcea & Asociatii has obtained the annulment of a Tax Assessment Notice issued by the National Agency for Fiscal Administration (ANAF) regarding the reclassification of daily allowances as salary income.
Tuca Zbarcea & Asociatii wins an international arbitration worth EUR 6.5 million
Tuca Zbarcea & Asociatii successfully represented one of the leading European construction groups in an arbitration case under the Rules of Arbitration of the International Chamber of Commerce (ICC).
Leading Romanian law firm Tuca Zbârcea & Asociatii advises on record industrial investment deal
Zacaria Industrial sold around 112,000 sqm of industrial space representing parks in four cities to CTP. The seller benefited from the support of an experienced team of lawyers from Tuca Zbârcea & Asociatii, led by Real Estate and M&A Partners Răzvan Gheorghiu-Testa and Dragoș Apostol.
Tuca Zbarcea & Asociatii advises Electrica on buying 207 MW wind and solar projects from Monsson
Electrica has announced it bought shares in three project companies that are developing a portfolio totalling 207MW of renewable energy. The Romanian company relied on Țuca Zbârcea & Asociații for legal advice on the deal.
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.
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 advises on Coca-Cola HBC Romania-HEINEKEN Romania deal
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.
Discrimination issues in the context of the national vaccination campaign for SARS-CoV-2
Certain measures during the pandemic can qualify as discrimination and can successfully be challenged before the competent fora. This legal insight briefly analyses the legal condition of a discriminatory act and the procedural remedies available to the person who falls victim to discrimination.
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.
Another victory for Tuca Zbarcea & Asociatii's arbitration team in a EUR 6 million dispute
The arbitration team of Țuca Zbârcea & Asociații has won an arbitral dispute in connection with a public works project worth EUR 6 million.
Țuca Zbârcea & Asociații wins an arbitral dispute worth EUR 5.5 million
An irrevocable ruling handed down by the supreme court in a EUR 5.5 million arbitration ends a nine-year-long dispute whereas Țuca Zbârcea & Asociații represented a private company with a team coordinated by Cornel Popa and Ioana Gelepu, Partners in the Litigation and Arbitration practice group.
Țuca Zbârcea & Asociații acts on AmerisourceBergen Corporation acquisition of Alliance Healthcare
Țuca Zbârcea & Asociații law firm advised giant AmerisourceBergen Corporation on the local loop of its USD 6.47 billion acquisition of Alliance Healthcare distribution business from Walgreens Boots Alliance (WBA)
Țuca Zbârcea & Asociații advises ENGIE Romania on purchasing a photovoltaic park
ENGIE Romania has completed the acquisition of a photovoltaic park, consisting of two farms, with a total installed capacity of 9.3 MW. The Romanian arm of French electric utility company Engie retained Țuca Zbârcea & Asociații for legal assistance in relation to this transaction.
Tuca Zbarcea & Asociatii: Final ruling from Romania's Supreme Court in a EUR 1.9 million dispute
Țuca Zbârcea & Asociații obtained from the High Court of Cassation and Justice a final ruling on the admission of the administrative claim filed by a company member of a well-known IT group, seeking the invalidation of the administrative fiscal deed assessing a debt of approximately EUR 1.9 million.
Tuca Zbârcea & Asociatii acted for Comarket, a B2B marketplace for the Romanian hospitality industry
Lawyers from Țuca Zbârcea & Asociații helped launch Comarket, a B2B marketplace for the Romanian hospitality industry that had already benefitted from a pre-seed investment of EUR 100,000 followed by an EUR 250,000 strategic investment of Infinite IT Solutions.
Țuca Zbârcea & Asociații acted for Clever Business Transilvania on acquiring Prima TV
Clever Business Transilvania, an important independent media group in the Romanian market, owner of a number of TV stations (Look TV, Look Plus, Look Medica, Agro TV, Profit.ro), has recently announced it had completed the takeover of Prima TV, one of the most important TV stations in Romania.
Țuca Zbârcea & Asociații acts on a EUR 20 million deal regarding the sale of 25% in Vestmoldtransgaz
Țuca Zbârcea & Asociații advised Eurotransgaz, a subsidiary of SNTGN Transgaz and owner of Vestmoldtransgaz, with a team of lawyers led by Partner Sorin Vlădescu and Managing Associate Nisa Jecu.
Final ruling from Romania's supreme court regarding the former HQ of the Bucharest Municipality
Țuca Zbârcea & Asociații has successfully persuaded the High Court of Cassation and Justice to reject Bucharest Municipality's legal action filed against the owner of the building which served as headquarters for the Bucharest Municipality.
Final ruling from Romania's High Court of Cassation and Justice on wind turbine taxation
Five of the most important companies active in the renewable energy sector, legally represented by Țuca Zbârcea & Asociații, have submitted a motion for the annulment of Minister of Public Finance's Order No. 1210/2014 and of the Central Fiscal Committee's Decision No. 5/2014.
Țuca Zbârcea & Asociaţii, Legal Partner of the First Startup Accelerator in the Hospitality Industry
Țuca Zbârcea & Asociaţii is Legal Partner of the first start-up accelerator in the hospitality industry in Romania - HoReCa Business Accelerator, a short-term accelerator program providing education and mentorship.
Romanian rugby national team "Stejarii - The Oaks" qualifies directly for the 2023 Rugby World Cup
The Romanian Rugby National Team has qualified for the Rugby World Cup to take place in France in 2023, following a decision of an independent panel appointed by World Rugby, the sport's governing body.
CJEU Ruling on the Concept of Fixed Establishment for VAT Purposes
The Court of Justice of the European Union (CJEU) released its judgement in Case C-333/20 Berlin Chemie on 7 April 2022. This extremely important ruling might mark the turning point in the controversial VAT fixed establishment topic.
Țuca Zbârcea & Asociații advises Partners for Growth VI, L.P. on a complex financing
A team of banking and finance lawyers from Tuca Zbarcea & Asociatii advised Partners for Growth VI, L.P. on Romanian law aspects related to the accession of the Romanian subsidiary (Splend Technology S.R.L.) of the Splend group to an Australian law governed loan note subscription agreement.
Țuca Zbârcea & Asociații acts for a club of local banks on a RON 431 mln. syndicated credit facility
Romanian law firm Tuca Zbarcea & Asociatii advised a club of local banks (led by OTP Bank Romania S.A. as arranger, facility agent and security agent) in relation to a RON 431 million syndicated facility agreement for the financing of Aaylex One group.
Romania: Humanitarian and Assistance Measures in the context of the Ukraine's Military Conflict
Recent considerations on the humanitarian and assistance measures adopted by Romania in the context of the military conflict on the territory of Ukraine.
Enactment of AML/CFT secondary legislation applicable to the Romanian gambling industry
Order No. 370/2021 of the President of the National Office for Gambling (“Order No. 370/2021”) approving the Instructions on preventing and combating money laundering and terrorist financing in the field of gambling in Romania (“AML Instructions”) has entered into force on 7 January 2022.
Tuca Zbarcea & Asociatii advises on a EUR 35 million acquisition of RECORD PARK in Cluj city
Real estate developer Speedwell together with Belgium based Baltisse and AYA Properties Fund have concluded the transaction for the sale of RECORD PARK Offices.
Tuca Zbarcea & Asociatii completes high-profile deal in the retail sector
Țuca Zbârcea & Asociații advised Revetas Capital in relation to the disposal of Vitantis Shopping Center to Praktiker Real Estate Romania. The firm's real estate lawyers led by Partners Oana Ureche and Răzvan Gheorghiu-Testa advised the seller.
Tuca Zbârcea & Asociatii Appoints Six New Partners in Latest Round of Promotions
Țuca Zbârcea & Asociații is strengthening its partnership with the appointment of six Partners, while five other lawyers were promoted to key roles such as of Managing Associate and Senior Associate.
Tuca Zbarcea & Asociatii helps BMC Truck&Bus deliver 151 electric buses for 11 municipalities
Țuca Zbârcea & Asociații advised BMC Truck&Bus in relation to €60 million tender procedures regarding the supply of 151 electric buses for public transport in 11 municipalities.
Tuca Zbarcea & Asociatii, successful in annulling a tax assessment notice for a transport operator
Tuca Zbarcea & Asociatii has obtained the annulment of a Tax Assessment Notice issued by the National Agency for Fiscal Administration (ANAF) regarding the reclassification of daily allowances as salary income.
Tuca Zbarcea & Asociatii wins an international arbitration worth EUR 6.5 million
Tuca Zbarcea & Asociatii successfully represented one of the leading European construction groups in an arbitration case under the Rules of Arbitration of the International Chamber of Commerce (ICC).
Leading Romanian law firm Tuca Zbârcea & Asociatii advises on record industrial investment deal
Zacaria Industrial sold around 112,000 sqm of industrial space representing parks in four cities to CTP. The seller benefited from the support of an experienced team of lawyers from Tuca Zbârcea & Asociatii, led by Real Estate and M&A Partners Răzvan Gheorghiu-Testa and Dragoș Apostol.
Tuca Zbarcea & Asociatii advises Electrica on buying 207 MW wind and solar projects from Monsson
Electrica has announced it bought shares in three project companies that are developing a portfolio totalling 207MW of renewable energy. The Romanian company relied on Țuca Zbârcea & Asociații for legal advice on the deal.
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.
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 advises on Coca-Cola HBC Romania-HEINEKEN Romania deal
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.
Discrimination issues in the context of the national vaccination campaign for SARS-CoV-2
Certain measures during the pandemic can qualify as discrimination and can successfully be challenged before the competent fora. This legal insight briefly analyses the legal condition of a discriminatory act and the procedural remedies available to the person who falls victim to discrimination.
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.
Another victory for Tuca Zbarcea & Asociatii's arbitration team in a EUR 6 million dispute
The arbitration team of Țuca Zbârcea & Asociații has won an arbitral dispute in connection with a public works project worth EUR 6 million.
Țuca Zbârcea & Asociații wins an arbitral dispute worth EUR 5.5 million
An irrevocable ruling handed down by the supreme court in a EUR 5.5 million arbitration ends a nine-year-long dispute whereas Țuca Zbârcea & Asociații represented a private company with a team coordinated by Cornel Popa and Ioana Gelepu, Partners in the Litigation and Arbitration practice group.
Țuca Zbârcea & Asociații acts on AmerisourceBergen Corporation acquisition of Alliance Healthcare
Țuca Zbârcea & Asociații law firm advised giant AmerisourceBergen Corporation on the local loop of its USD 6.47 billion acquisition of Alliance Healthcare distribution business from Walgreens Boots Alliance (WBA)
Țuca Zbârcea & Asociații advises ENGIE Romania on purchasing a photovoltaic park
ENGIE Romania has completed the acquisition of a photovoltaic park, consisting of two farms, with a total installed capacity of 9.3 MW. The Romanian arm of French electric utility company Engie retained Țuca Zbârcea & Asociații for legal assistance in relation to this transaction.
Tuca Zbarcea & Asociatii: Final ruling from Romania's Supreme Court in a EUR 1.9 million dispute
Țuca Zbârcea & Asociații obtained from the High Court of Cassation and Justice a final ruling on the admission of the administrative claim filed by a company member of a well-known IT group, seeking the invalidation of the administrative fiscal deed assessing a debt of approximately EUR 1.9 million.
Tuca Zbârcea & Asociatii acted for Comarket, a B2B marketplace for the Romanian hospitality industry
Lawyers from Țuca Zbârcea & Asociații helped launch Comarket, a B2B marketplace for the Romanian hospitality industry that had already benefitted from a pre-seed investment of EUR 100,000 followed by an EUR 250,000 strategic investment of Infinite IT Solutions.
Țuca Zbârcea & Asociații acted for Clever Business Transilvania on acquiring Prima TV
Clever Business Transilvania, an important independent media group in the Romanian market, owner of a number of TV stations (Look TV, Look Plus, Look Medica, Agro TV, Profit.ro), has recently announced it had completed the takeover of Prima TV, one of the most important TV stations in Romania.
Țuca Zbârcea & Asociații acts on a EUR 20 million deal regarding the sale of 25% in Vestmoldtransgaz
Țuca Zbârcea & Asociații advised Eurotransgaz, a subsidiary of SNTGN Transgaz and owner of Vestmoldtransgaz, with a team of lawyers led by Partner Sorin Vlădescu and Managing Associate Nisa Jecu.
Final ruling from Romania's supreme court regarding the former HQ of the Bucharest Municipality
Țuca Zbârcea & Asociații has successfully persuaded the High Court of Cassation and Justice to reject Bucharest Municipality's legal action filed against the owner of the building which served as headquarters for the Bucharest Municipality.
Final ruling from Romania's High Court of Cassation and Justice on wind turbine taxation
Five of the most important companies active in the renewable energy sector, legally represented by Țuca Zbârcea & Asociații, have submitted a motion for the annulment of Minister of Public Finance's Order No. 1210/2014 and of the Central Fiscal Committee's Decision No. 5/2014.
Țuca Zbârcea & Asociaţii, Legal Partner of the First Startup Accelerator in the Hospitality Industry
Țuca Zbârcea & Asociaţii is Legal Partner of the first start-up accelerator in the hospitality industry in Romania - HoReCa Business Accelerator, a short-term accelerator program providing education and mentorship.