Țuca Zbârcea & Asociații, Bucharest Office, Europe

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Global 2024

Profile

Provided by Țuca Zbârcea & Asociații

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