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Contents:Banking & Finance p.2119Corporate/M&A p.2121Dispute Resolution p.2123Restructuring/Insolvency p.2124Leading Individuals p.2125Leading Law Firms p.2128

How lawyers are rankedEvery year we carry out many thousands of in-depth interviews with clients in order to assess the reputations and expertise of business lawyers worldwide. The qualities we look for (and which determine rankings) include technical legal ability, professional conduct, client service, commercial awareness/astuteness, dili-gence, commitment, and other qualities most valued by the client.

Romania Law Firm Comparison Table continued

Firm Name No of Lawyers ¹

Ranked Practice Areas Foreign Offices and Associations Representative Clients ²

Biris Goran 20 Corporate/M&A, Restructuring/Insolvency

Adama Holding, GED Capital, Portico Investments, Publicis Groupe, Upground Estates, Wintershall

bpv GRIGORESCU ŞTEFĂNICĂ

25 Est. Corporate/M&A Founding member of the CEE alliance, bpv LEGAL, with offices in Bratislava, Brussels, Bucharest, Budapest, Prague and Vienna

Andritz Group, E.ON, Gazprom, Lukoil, Transeastern Power Trust, Wienerberger

Bulboaca & Asociatii 35 Banking & Finance, Corporate/M&A Barclays, British American Tobacco, Deutsche Bank, Goldman Sachs, Kraft Foods Romania, Martifer Group

Buzescu Ca 9 Est. Corporate/M&A Estée Lauder, Ferrero, Gazprom, Glencore Grain, UniCredit

Clifford Chance Badea 37 Banking & Finance, Corporate/M&A, Dispute Resolution, Restructuring/Insolvency

35 offices in 25 countries Aviva, Banca Comerciala Romana / Erste Group, Credit Suisse, Société Générale, UniCredit, Warburg Pincus

CMS 50 Est. Banking & Finance, Corporate/M&A, Dispute Resolution, Restructuring/Insolvency

Advent International, EBRD, Erste Bank, Iberdrola

D&B David si Baias 38 Corporate/M&A Connected law firm of PwC Romania Antenna Group, BRD – Groupe Société Générale, Mega Image (Delhaize Group), Metair Investments Limited, OMV Petrom, Orange

Dentons 29 Banking & Finance, Corporate/M&A, Dispute Resolution

79 offices in 52 countries (includes integrated offices and alliance firms)

CHS Inc (CHSP), Fresenius Medical Care, GDF Suez, Hilton, Lufkin Industries, OMV Petrom

DLA Piper Dinu SCA 38 Banking & Finance, Corporate/M&A, Dispute Resolution, Restructuring/Insolvency

4200 lawyers located in more than 30 countries throughout the Americas, Asia Pacific, Europe and the Middle East

Diaverum, Erste Group, MIH Allegro, Nova Imobiliare, OMV Group, RBS

Dragne & Asociatii 19 Dispute Resolution, Restructuring/Insolvency

Banca Comerciala Romana (BCR), Cetelem IFN S.A., Credit Europe Bank S.A., EuropeanDrinks S.A, Orange Romania S.A., Vamed Romania S.A.

Eversheds Lina & Guia 18 Dispute Resolution Operates from 49 offices in 29 countries with over 4,000 staff globally, including more than 500 partners and over 1,900 legal advisers

Cosmote, OMV, Pentair, Royal Bank of Scotland, Tesco, Volvo

Kinstellar SCA 24 Est. Banking & Finance, Corporate/M&A, Restructuring/Insolvency

7 offices in 7 countries BRD – Groupe Société Générale, CORA, E.ON, Iberdrola, Siemens

Leroy si Asociatii SCA 16 Banking & Finance, Corporate/M&A Gaz de France, Groupama, Groupe Société Générale, International Finance Corporation, Louis Vuitton, Michelin

Musat & Asociatii 88 Banking & Finance, Corporate/M&A, Dispute Resolution, Restructuring/Insolvency

Member of Terralex; member of TagLaw Colas, Enel, General Electric, Raiffeisen Bank, Roche, ThyssenKrupp

Nestor Nestor Diculescu Kingston Petersen SCA

99 Banking & Finance, Corporate/M&A, Dispute Resolution, Restructuring/Insolvency

Member of Lex Mundi, World Services Group, SEE Legal and Energy Law Group

Globalworth Real Estate Investment Ltd., Microsoft, OMV Petrom, Orange Romania, Romanian Commercial Bank (BCR), Rompetrol

NICULEASA Law Firm 3 Est. Dispute Resolution Data not available

Noerr 25 Corporate/M&A Alicante, Bratislava, Bucharest, Budapest, London, Moscow, New York, Prague, Warsaw; exclusive German member of Lex Mundi

Baumax, Lidl, Premium AEROTEC

Peli Filip 63 Banking & Finance, Corporate/M&A, Restructuring/Insolvency

AIG/Lincoln, CVC Capital Partners, Ford Romania, ING Bank, Steag Gmbh, Vodafone

Popovici Nitu & Asociatii 72 Banking & Finance, Corporate/M&A, Dispute Resolution

Aviva, Deutsche Leasing, Hewlett-Packard, KBC Bank, UPS

¹ Total number of fee earning lawyers in this jurisidiction. Figure estimated at time of press. ² Research by Chambers and Partners.

Romania Law Firm Comparison Table

www.chambersandpartners.com� Banking & Finance Romania

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Romania Law Firm Comparison Table continued

Firm Name No of Lawyers ¹

Ranked Practice Areas Foreign Offices and Associations Representative Clients ²

Radu Taracila Padurari Retevoescu SCA in association with Allen & Overy LLP

40 Banking & Finance, Corporate/M&A, Restructuring/Insolvency

Radu Taracila Padurari Retevoescu has 1 office; Allen & Overy has 39 offices in 27 countries

A&D Pharma, Advent International Corporation, Citibank, Enterprise Investors, European Bank for Reconstruction and Development, Goldman Sachs, Morgan Stanley

Reff & Associates 29 Banking & Finance, Corporate/M&A Aegis Group, Alpha Bank, Altex, Aviva, Bancpost, Danone

Schoenherr si Asociatii SCA

40 Banking & Finance, Corporate/M&A 14 offices in 14 countries; member of Unilaw and Conférence Bleue

Continental, Heineken, OMV Petrom, Österreichische Volksbanken-Aktiengesellschaft, Red Bull, Sparkassen Immobilien

Stoica & Asociatii 29 Dispute Resolution, Restructuring/Insolvency

Member of Worldlink Legal Network Coca-Cola, Novartis Group, Renault Group, Romanian Accounting Experts Body, Romtelecom, The National Company Romanian Post

Tuca Zbarcea & Asociatii 87 Banking & Finance, Corporate/M&A, Dispute Resolution, Restructuring/Insolvency

Correspondent office in Spain; member of Multilaw

ArcelorMittal, Carrefour, CEZ, Erste Bank, NIS Petrol – a member of Gazprom, OMV Petrom

Bondoc & Asociatii in alliance with White & Case

20 Banking & Finance, Corporate/M&A 40 offices in 27 countries Delphi Corporation, Fondul Proprietatea, GDF Suez, Lukoil Romania, MSD, Raiffeisen

Wolf Theiss 25 Banking & Finance, Corporate/M&A 14 offices in 13 countries Banca Comerciala Romana, Bunge Romania (member of Koninklijke Bunge Group), Degi Group of companies, Renesola, Vestas, Windkraft

Zamfirescu Racoti & Partners Attorneys at Law (ZRP)

39 Banking & Finance, Corporate/M&A, Dispute Resolution, Restructuring/Insolvency

adidas, Bancpost, Ergon Concrete, European Bank for Reconstruc-tion and Development, Raiffeisen Bank, UniCredit Tiriac Bank

¹ Total number of fee earning lawyers in this jurisidiction. Figure estimated at time of press. ² Research by Chambers and Partners.

Banking & FinanCe

Band 1

Clifford Chance BadeaSee profile on p.2699Daniel Badea (see p.2125) remains one of the outstanding figures of the Romanian finance market, offering clients substantial experience across all types of international finance transactions. He recently acted for BRD Groupe

Société Générale on the refinancing of a EUR60 million loan facility granted to Hidroconstructia, a dam and hydro-power station construction company. Cosmin Anghel (see p.2125) is recognised for his knowledge of regulatory issues alongside his wide-ranging activity on finance trans-actions, including several recent loan restructuring man-dates. Madalina Rachieru (see p.2127) remains active on numerous banking and finance instructions in Romania, frequently with cross-border elements. Lately, this included acting for Polish private equity house Innova Capital on the financing of its partial acquisition of EnergoBit, a Roma-nian energy sector client. Andreea Sisman (see p.2127)

provides notable expertise in project finance matters to clients across sectors such as energy and natural resources, real estate, and transport and infrastructure.

CMSSee profile on p.329Simon Dayes is a universally praised banking and finance lawyer, drawing plaudits such as: “He is a very experienced, astute lawyer, with knowledge of the banking sector. He is willing to explore any issue from a commercial and legal angle, and acts proactively to protect the client while finding the optimal solution for all parties.” His extensive recent work in the field includes advising several investment banks and the EBRD as lenders and hedge providers of the financing for the 80 MW Chirnogeni wind plant in Romania.

Nestor Nestor Diculescu Kingston Petersen SCASee profile on p.2131Alina Radu (see p.2127) is a long-standing presence in Romanian banking and finance, and comes recommended for her negotiation abilities by clients. She recently acted for numerous major European banks on various loan facilities and structured products for clients in the real estate and shipping construction sectors.

Banking & FinanceLeading FirmsBand 1Clifford Chance Badea *

CMS *

Nestor Nestor Diculescu Kingston Petersen SCA *

Band 2Bulboaca & AsociatiiRadu Taracila Padurari Retevoescu SCA Tuca Zbarcea & AsociatiiBand 3Dentons *

Kinstellar SCAPeli Filip *

Popovici Nitu & Asociatii *

Schoenherr si Asociatii SCABand 4DLA Piper Dinu SCA *

Leroy si Asociatii SCA *

Musat & Asociatii *

Reff & AssociatesWolf Theiss *

Band 5Bondoc & Asociatii in alliance with White & Case *

Zamfirescu Racoti & Partners Attorneys at Law (ZRP) *

◊ (ORL) = Other Ranked Lawyer.* Indicates firm / individual with profile.

Alphabetical order within each band. Band 1 is highest.

Banking & FinanceLeading individualsBand 1Badea Daniel Clifford Chance Badea *

Bulboaca Adrian-Catalin Bulboaca & Asociatii

Dayes Simon CMS

Band 2Băiculescu Cătălin Tuca Zbarcea & Asociatii

Bibicu Bogdan George Kinstellar SCA

Dudoiu Mihai Tuca Zbarcea & Asociatii

Florea Matei Victor Schoenherr si Asociatii SCA

Padurari Victor Radu Taracila Padurari Retevoescu SCA

Radu Alina Nestor Nestor Diculescu Kingston Petersen SCA *

Retevoescu Alexandru Radu Taracila Padurari Retevoescu

Zizzi Perry V Dentons

Band 3Racoti Ioana Zamfirescu Racoti & Partners Attorneys at Law (ZRP) *

Raducanu Magdalena Dentons

Toma Andreea Leroy si Asociatii SCA

Band 4Anghel Cosmin Clifford Chance Badea *

Birsan Alexandru Peli Filip *

Rachieru Madalina Clifford Chance Badea *

Sisman Andreea Clifford Chance Badea *

Volciuc-Ionescu Sabin Volciuc-Ionescu SCA (ORL) ◊

Foreign experts(Banking & Finance)Based in Romaniawith expertise in countries listed belowCentral & Eastern Europe Dayes Simon CMS

Romanian expertisebased in countries listed belowAustria Cusnir Anna Schönherr

Moldova Neagu Diana Vernon | David (ORL) ◊

Romania Banking & Finance� www.chambersandpartners.com

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Band 2

Bulboaca & AsociatiiSources recognise Adrian-Catalin Bulboaca as a market-leading expert in finance law, who maintains a diverse prac-tice in the field. Lately, he has acted on several public and private finance cases, involving clients from sectors such as energy and manufacturing.

Radu Taracila Padurari Retevoescu SCA in as-sociation with Allen & Overy LLPInterviewees appreciate Victor Padurari for his broad banking and finance experience. He is increasingly active on high-profile instructions involving IFIs, such as advising the EBRD and the Black Sea Trade and Development Bank on financing extended to Romanian subsidiaries of global renewable energy client EDPR, for the construction of pho-tovoltaic parks. Alexandru Retevoescu has been highly active lately with domestic and international financial insti-tutions on the refinancing of real estate projects in Bucha-rest, and on the financing of major energy developments.

Tuca Zbarcea & AsociatiiCătălin Băiculescu remains highly appreciated for his broad banking and finance prowess, alongside his market-leading M&A work. Sources consider him “co-operative, straight to the point, and familiar with the Romanian law aspects of complex transactions.” Market commentators rec-ognise Mihai Dudoiu as this firm’s most active presence across Romanian banking and finance, with recent activity encompassing PPP financing, loan portfolio transfers, bank reorganisation processes, and mezzanine financing. Cross-border highlights include acting for Alpha Bank Greece on the EUR33.1 million refinancing of the Romanian subsid-iary of Olympus Greece, a leading Greek dairy company.

Band 3

DentonsSee profile on p.861Perry Zizzi recently joined the practice as department head, bringing his internationally oriented expertise to act on the firm’s wide-ranging multijurisdictional finance case-load. Clients admire Magdalena Raducanu for her exper-tise in Romanian finance matters, as well as her “knowledge of business, and her help in making transactions happen.” She recently acted alongside partners from the wider Dentons network on several cross-border loan facility and restruc-turing mandates.

Kinstellar SCABogdan George Bibicu remains well known for his banking and finance strength. Clients especially admire his “strategic thinking, outstanding knowledge and commercial focus,” as well as his “excellent judgement, and global perspec-tive.” Lately, he has acted on several cross-border syndicated loan facility and infrastructure project finance matters, pri-marily for lenders.

Peli FilipSee profile on p.2133Alexandru Birsan (see p.2125) is a widely respected finance lawyer, with strong expertise across many banking, regula-tory and financing issues. He has recently acted for clients such as the EBRD, HSBC and Citibank on a range of cases.

Popovici Nitu & AsociatiiSee profile on p.2134This team, led by Alexandru Ambrozie, has extensive expe-rience of complex cross-border finance cases, advising lenders and borrowers from Romania and internationally.

Schoenherr si Asociatii SCAMatei Victor Florea remains a widely admired finance lawyer, boasting significant experience of advising Roma-nian, regional and global banks on an extensive range of mandates. Lately, this included several loan portfolio acqui-sitions and rearrangements. Now based in Austria, Anna Cusnir offers many years’ experience of the Romanian legal market, including a range of complex banking mandates.

Band 4

DLA Piper Dinu SCASee profile on p.2128Experienced in multi-jurisdictional acquisition and project finance matters, notably in the energy and real estate sec-tors. Monica Georgiadis is the primary contact point.

Leroy si Asociatii SCASee profile on p.2129According to clients, Andreea Toma “combines very good knowledge of Romanian legislation with experience gained in an international environment.” She has recently advised on numerous large-scale real estate financings, primarily acting for a range of investment banks and institutions.

Musat & AsociatiiSee profile on p.2130The team is well versed in restructuring and loan reorgani-sation matters, including the refinancing of major projects. Led by Mona Muşat.

Reff & AssociatesThe lead figure for this practice is Andrei Burz-Pinzaru. It offers a broad finance law service, covering loan transfers, acquisition financing, and securities law advice.

Wolf TheissSee profile on p.467Well known for energy and real estate project financing, notably on a region-wide level. Bryan Jardine is the main point of contact.

Band 5

Bondoc & Asociatii in alliance with White & CaseSee profile on p.354Internationally focused, full-service finance practice, with experience of a broad range of mandates and regulatory cases. The lead figure for this team is Lucian Bondoc.

Zamfirescu Racoti & Partners Attorneys at Law (ZRP)See profile on p.2135Sources consider Ioana Racoti (see p.2127) a “thorough, creative and knowledgeable” lawyer, with broad expertise across many banking and finance issues. Her recent high-lights include the rearrangement of a loan agreement and the cross-border financing of a natural resources project.

Other Ranked Lawyers

Sabin Volciuc-Ionescu recently left DLA Piper to form Volciuc-Ionescu SCA, and he retains his reputation as an “extremely professional lawyer, with very wide-ranging knowledge, and efficiency and promptness in his replies.” Lately, he has advised numerous prominent international clients on their Romanian finance concerns, such as assisting global renewable energy player EDPR with the financing for the construction and operation of six solar photovoltaic parks in Romania.

Foreign Experts (Based Abroad)Diana Neagu recently transferred to the Moldovan office of Vernon | David, following long experience of the Roma-nian finance market. She offers notable expertise in banking regulatory issues.

www.chambersandpartners.com� Corporate/M&a Romania

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CORpORaTe/M&a

Band 1

Nestor Nestor Diculescu Kingston Petersen SCASee profile on p.2131Founding partner Ion Nestor (see p.2126) is a pioneer of Romanian corporate law, and remains universally respected for his expertise and experience in the field. Sources rate Adriana Gaspar (see p.2126) as a leading figure for Roma-nian and international M&A. Lately, she has advised many prominent clients, from sectors including aviation, banking and oil and gas, on substantial high-profile transactions. According to clients, Ruxandra Bologa (see p.2125) is a “top-quality” M&A lawyer who is best known for her exper-tise in energy and natural resources transactions.

Tuca Zbarcea & AsociatiiManaging partner Florentin Tuca is a “well-known and important figure” in the Romanian legal market, with extensive experience across all types of complex, high-end transactions. Cătălin Băiculescu retains his reputation as an “impressive” M&A practitioner, with clients adding: “He is perspicacious, well-organised and meticulous, with a true talent for problem solving, and excellent negotiation skills. He is efficient and determined.” He has had notable recent success in large-scale transactions involving major international TMT clients. Cornel Popa is an experienced and well-regarded M&A lawyer, who is “always up for the challenge of solving delicate legal problems, and has a good understanding of business objectives.” Clients note his signif-icant knowledge of the oil and gas sector. Stefan Damian has a growing reputation for his work in the Romanian transactional market, thanks to his “ability to see the overall picture in a case, and advise on the critical matters from a business angle.”Foreign Desks Offers a highly experienced Iberian desk, which advises Spanish banking, technology, engineering and restaurant clients on Romanian legal issues and invest-

ments, as well as overseeing the firm’s representative office in Madrid. The desk also acts for a wide range of Italian cor-porate clients on their extensive investments in Romania. Razvan Gheorghiu-Testa is the primary contact for this desk.

Band 2

Clifford Chance BadeaSee profile on p.2699Nadia Badea (see p.2125) is a well-respected M&A lawyer, who remains highly active on many of the firm’s domestic and international transactions. Lately, this included advising publisher Sanoma Hearst on the sale of its Roma-nian subsidiary to multinational company Burda Interna-tional. Mihaela Mindru has established herself as a rising star of the Romanian legal market, thanks to her “business-oriented” approach to cases: “She just tells you what you need to know.”

CMSSee profile on p.329Horea Popescu is a “commercial, smart and fast” M&A lawyer, who “anticipates the issues that may come up in a case,” according to interviewees. Lately, he has acted on numerous mandates in the financial services sector, including advising Hungarian bank MKB on the sale of its 96.3% stake in Romanian bank Nextebank. Sources state: “He is sensitive to the needs of his clients, and offers prac-tical and timely advice.” John Fitzpatrick is a US-qualified practitioner, with broad experience of international M&A

mandates, including recently acting for Orange on a major TMT transaction in Romania. Sources appreciate how he is “comfortable working on cross-border matters, because he has so much experience in the area.”

Musat & AsociatiiSee profile on p.2130Gheorghe Mușat (see p.2126) retains his reputation as a “strong figure, with tremendous experience of M&A deals,” acquired over decades of wide-ranging activity in the Romanian transactional market. According to clients, Miruna Suciu (see p.2127) has “a good understanding of the local legal environment, and is detailed in her analysis.” She is increasingly present across all manner of instructions in Romania, boasting a particularly strong energy-related transactional practice, in addition to her well-known cap-ital markets expertise. Sources describe her as “unbelievably efficient at providing extremely precise and valuable input.”

Peli FilipSee profile on p.2133Cristina Filip (see p.2126) is this firm’s foremost M&A lawyer. Clients note her transactional experience and knowledge of the energy sector in particular. Carmen Peli (see p.2126) is a “commercial, business-like and technically strong” transactional lawyer, with a growing reputation in Romania for her M&A prowess. She has had recent suc-cess in transactions in the energy and healthcare sectors.

Corporate/M&aLeading FirmsBand 1Nestor Nestor Diculescu Kingston Petersen SCA *

Tuca Zbarcea & AsociatiiBand 2Clifford Chance Badea *

CMS *

Musat & Asociatii *

Peli Filip *

Popovici Nitu & Asociatii *

Radu Taracila Padurari Retevoescu SCA Schoenherr si Asociatii SCABand 3Dentons *

DLA Piper Dinu SCA *

Wolf Theiss *

Band 4Biris GoranBondoc & Asociatii in alliance with White & Case *

bpv GRIGORESCU ŞTEFĂNICĂBulboaca & AsociatiiBuzescu CaD&B David si BaiasKinstellar SCALeroy si Asociatii SCA *

Noerr *

Reff & AssociatesZamfirescu Racoti & Partners Attorneys at Law (ZRP) *

◊ (ORL) = Other Ranked Lawyer.* Indicates firm / individual with profile.

Alphabetical order within each band. Band 1 is highest.

Corporate/M&aSenior Statesmen and eminent practitionersSenior Statesmen: distinguished older partnersNestor Ion I Nestor Nestor Diculescu Kingston Petersen SCA *

eminent practitionersTuca Florentin Tuca Zbarcea & Asociatii

Leading individualsBand 1Băiculescu Cătălin Tuca Zbarcea & Asociatii

Dinu Marian DLA Piper Dinu SCA *

Gaspar Adriana I Nestor Nestor Diculescu Kingston Petersen SCA *

Tărăcilă Costin Radu Taracila Padurari Retevoescu SCA

Band 2Bondoc Lucian Bondoc & Asociatii in alliance with White & Case

Filip Cristina Peli Filip *

Mușat Gheorghe Musat & Asociatii *

Nitu Florian Popovici Nitu & Asociatii *

Popescu Horea CMS

Suciu Miruna Musat & Asociatii *

Band 3Badea Nadia Clifford Chance Badea *

David Sorin V D&B David si Baias

Neagu Mădălina Schönherr

Popa Răzvan Kinstellar SCA

Racoti Ioana Zamfirescu Racoti & Partners Attorneys at Law (ZRP) *

Reff Alexandru Reff & Associates

Ristici Mihai Radu Taracila Padurari Retevoescu SCA

Stoica Bogdan Constantin Popovici Nitu & Asociatii *

Todor Anda Dentons

Band 4Buzescu Peter Buzescu Ca

Danilescu Anca Zamfirescu Racoti & Partners Attorneys at Law (ZRP) *

Leach Ancuta Wolf Theiss *

Lefter Alexandru Pachiu & Associates (ORL) ◊

Munteanu-Jipescu Claudiu Dentons

Peli Carmen Peli Filip *

Popa Cornel Tuca Zbarcea & Asociatii

Rojanschi Anda D&B David si Baias

Stoica Silviu Popovici Nitu & Asociatii *

Band 5Birsan Alexandru Peli Filip *

Bologa Ruxandra Nestor Nestor Diculescu Kingston Petersen SCA *

Damian Stefan Tuca Zbarcea & Asociatii

Fitzpatrick John CMS

Glodeanu Ileana Wolf Theiss *

Stancu Birsan Alina Peli Filip *

Tomescu Adrian Buzescu Ca

Vernon Charles Vernon | David (ORL) ◊

Volciuc-Ionescu Ramona Volciuc-Ionescu SCA (ORL) ◊

Up-and-coming individualsCojocaru Monica Schönherr

Mindru Mihaela Clifford Chance Badea

Foreign Desks(Corporate/M&a)Based in Romaniawith expertise in countries listed belowOther notable FirmsFrance NICULEASA Law FirmItaly Schoenherr si Asociatii SCASpain Schoenherr si Asociatii SCASpain Tuca Zbarcea & Asociatii

Foreign experts(Corporate/M&a)Based in Romaniawith expertise in countries listed belowCentral & Eastern Europe Menzer Jörg K Noerr *

Dominican Republic Nan Gisselle Schoenherr si Asociatii SCA

Germany Menzer Jörg K Noerr *

Italy Carlesso Gianluca Tonucci & Partners (ORL) ◊

Italy Iacona Daniele Schoenherr si Asociatii SCA

Slovakia Birsan Alexandru Peli Filip *

Turkey Torsher Daniel Kinstellar SCA

UK Hammond Nicholas Hammond, Bogaru & Associates (ORL) ◊

USA Jardine Bryan W Wolf Theiss *

Romania Corporate/M&a� www.chambersandpartners.com

2122

Alexandru Birsan (see p.2125) is a well-respected cor-porate lawyer, with particular expertise in the financing aspects of major transactions. He recently advised inter-national DIY group Kingfisher on the acquisition of the Romanian operations of Bricostore, a leading regional DIY chain. Alina Stancu Birsan (see p.2127) offers a wide-ranging M&A practice, with experience of cases involving telecoms, clothing and energy clients, often with multi-jurisdictional aspects.

Popovici Nitu & AsociatiiSee profile on p.2134Florian Nitu (see p.2126) has notable experience of trans-actions in the IT and real estate sectors, although his prac-tice stretches well beyond these areas to cover all aspects of the Romanian market. Sources consider him “very expe-rienced in the structuring of investments, and a true man-ager of transactions.” According to interviewees, Bogdan Constantin Stoica (see p.2127) is a “business and solution-oriented” lawyer who “offers strong dedication to his projects, and responds to queries in a short time.” He is especially experienced in mandates relating to the life sciences sector. Silviu Stoica (see p.2127) primarily advises on high-value private equity transactions, alongside his notable compe-tition law practice. His recent caseload includes advising Polish investment fund Innova Capital on the acquisition of majority stakes in Supercard and Supercard Solutions & Services.

Radu Taracila Padurari Retevoescu SCA in as-sociation with Allen & Overy LLPSources consider leading figure Costin Tărăcilă a “dedi-cated and thorough” M&A practitioner. He recently advised private equity investor Resource Partners on the acquisition of a 71% stake in Romanian fitness company World Class Romania, as part of an MBO from Swedish parent com-pany World Class Seagull International. Mihai Ristici is an active and widely appreciated M&A lawyer, who provides a “smooth and proactive” service to his clients. Lately, he has had success in finance-related mandates, such as advising RBS Romania on the sale of its retail portfolio to UniCredit.

Schoenherr si Asociatii SCASources admire Mădălina Neagu for her “broad know-how, and for getting deeply involved in projects.” She has recently advised on transactions involving sectors such as TMT and retail. Monica Cojocaru remains active on a range of cases in the Romanian M&A market, primarily in the energy sector. She has strong knowledge of regulatory issues. Dan-iele Iacona heads the Italian desk at this firm’s Bucharest office, and offers significant experience of corporate and financial matters involving Italian clients. Gisselle Nan is a Spanish-speaking, Romania-based lawyer, who is dual-qualified in Romania and the Dominican Republic. She has a strong track record of corporate, energy and real estate mandates in both jurisdictions.Foreign Desks Provides dedicated advice to prominent Italian clients with Romanian transactional concerns, often as part of broader regional mandates. Daniele Iacona is the lead contact for this team.

Band 3

DentonsSee profile on p.861Sources recognise Anda Todor for her wide-ranging activity in the Romanian transactional market. She recently acted for international venture capital client Intel Capital on its sale of shares in domestic IT company Siveco Romania. Claudiu Munteanu-Jipescu is the team’s primary energy-focused partner, with experience of transactions such as French energy client Ecosun Expert’s sale of a 2.5 MW solar park development in Romania.

DLA Piper Dinu SCASee profile on p.2128Marian Dinu (see p.2126) draws extensive praise for his market-leading M&A activity. Interviewees describe him as “a truly remarkable leader” who is able to “manage a pro-ject by using his experience to provide good solutions.” His wide-ranging recent work includes advising international communication group Publicis on its acquisition of several Romanian advertising and communication agencies.

Wolf TheissSee profile on p.467Ancuta Leach (see p.2126) is a well-known M&A partner with significant experience of mandates in the transport and financial services sectors. Lately, this included assisting Romanian International Bank with the sale of its 100% shareholding in Polish financial group Getin Holding. Since joining the partnership, Ileana Glodeanu’s (see p.2126) presence has continued to rise in Romanian M&A, with a broad range of recent activity across several sectors. This included advising Alliance Healthcare Deutschland on its acquisition of a 20% share in Romanian pharmaceutical distribution company Farmexpert. Clients recommend her as “experienced, deal-focused, highly accessible and extremely pleasant, even during tough negotiations.” Bryan Jardine (see p.2126) is a US-born and educated practitioner, who frequently advises US clients on their corporate invest-ments in Romania.

Band 4

Biris GoranChristian Mîndru is the main contact figure for this team, which handles wide-ranging work including prominent activity on IT and real estate-related mandates, involving a variety of domestic and international clients.

bpv GRIGORESCU ŞTEFĂNICĂThe lead contact for this firm’s corporate offering is Catalin Grigorescu. The team works closely with leading inter-national law firms on the Romanian aspects of complex, multi-jurisdictional cases.

Bulboaca & AsociatiiCorina Ionescu is the primary contact point for this team, which has in-depth experience of high-profile privatisation mandates, and other cases with governmental involvement.

Buzescu CaClients appreciate Peter Buzescu for “making sure he gets back to you as quickly as possible, especially when things are urgent.” A member of the New York Bar, he frequently advises international clients, such as Merrill Lynch Com-modities and Indian railcar manufacturer Titagarh Wagons, on cross-border mandates. Adrian Tomescu recently acted for regional low-cost airline Wizz Air on a range of corpo-rate matters, including the acquisition of local carrier Blue Air.

D&B David si BaiasSources describe Sorin David as a strong corporate and M&A practitioner, with knowledge of the commercial aspects of transactions. Lately, he has advised several leading clients, including OMV Petrom and BRD Groupe Société Générale, on a range of corporate issues. Anda Rojanschi has brought her “bright, proactive and solution-focused” approach to an array of transactions recently, often with significant cross-border elements. This includes assisting German media client Burda International with the takeover of publishing group Sanoma Hearst Romania.

Kinstellar SCASources describe Răzvan Popa as a “sophisticated and reli-able lawyer, who is a pleasure to work with.” He is increas-ingly prominent in the cross-border M&A market, advising clients such as European welding and cutting company Air Liquide Welding on the acquisition of a stake in Ductil, a Romanian manufacturer of welding electrodes. Daniel Torsher is this firm’s managing partner in Bucharest, but also dedicates significant time to high-end transactions in the Turkish corporate market. His wide-ranging recent work has included advising Turkish client Akbank on an acquisition finance mandate.

Leroy si Asociatii SCASee profile on p.2129Bruno Leroy is the key contact for corporate and M&A issues at this firm. The team is well versed in international cases involving IFI investment.

NoerrSee profile on p.2132Rusandra Sandu is lead contact for this firm’s corpo-rate M&A practice. The team is frequently instructed by German clients with interests in the Romanian market, including M&A, greenfield investments and restructuring processes. Jörg Menzer (see p.307) is a German-qualified lawyer with experience of many transactions across the CEE for high-profile German clients, including a significant number of Romanian investments.

Reff & AssociatesInterviewees recognise Alexandru Reff as a “business-oriented lawyer, who is elegant in communication” in his wide-ranging transactional work. He recently advised real estate client New Europe Property Investments on several mandates in the sector.

Bondoc & Asociatii in alliance with White & CaseSee profile on p.354Lucian Bondoc is a “very experienced lawyer” with a growing presence in market-leading, international corpo-rate transactions. Lately, this included assisting interna-tional private equity investor 3i Group with its exit from Romanian waste management company Romprest.

Zamfirescu Racoti & Partners Attorneys at Law (ZRP)See profile on p.2135Ioana Racoti (see p.2127) impresses clients with her “knowledge of the local environment, and her sense of detail,” along with her “extensive experience of transactions.” Sources admire department head Anca Danilescu (see p.2125) for her “active and direct involvement in cases, her huge technical expertise, and her highly commercial, business-focused and solution-oriented approach.” She brings her many positive attributes to transactions in sectors such as manufacturing and pharmaceuticals.

Other notable Firms

Foreign Desks

NICULEASA Law FirmForeign Desks Significantly active with French clients on their investments in Romania, and with domestic compa-nies with corporate interests in France, utilising knowledge of legal issues across both jurisdictions. Lately, this included advising the Romanian subsidiary of French manufacturing client BIC on a corporate restructuring matter. French-qualified lawyers Bogdan Mărculeț and George Trantea are lead contacts for this desk.

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Other Ranked Lawyers

Alexandru Lefter of Pachiu & Associates remains active on mandates across sectors such as IT and pharmaceutical and consumer products, on which he primarily advises well-known international investors.Charles Vernon of Vernon | David is an experienced, foreign-qualified lawyer, who is “very supportive and helps to shape a deal,” according to market sources. He acts for several prominent clients, such as McDonald’s Romania

and energy player MW Renewables, on their corporate and commercial concerns.Ramona Volciuc-Ionescu recently left DLA Piper to form Volciuc-Ionescu SCA. She has an established market repu-tation and remains active in cases across numerous sectors, such as assisting Austrian natural resources and construction group Schmid Industrieholding with the acquisition of sole control over the Romanian company Lorencic Bauservice.Italian lawyer Gianluca Carlesso, of Tonucci & Partners’ Bucharest office, dedicates substantial time to advising

Italian clients on their investments and corporate issues in Romania. This recently included high-profile Italian com-panies from sectors such as oil and gas, and food and bev-erages.

Foreign ExpertsNicholas Hammond of Hammond, Bogaru & Associates is an English-qualified solicitor who practices in Bucharest, offering international legal advice to clients on M&A, cor-porate finance and tax matters.

DiSpUTe ReSOLUTiOn

Band 1

Nestor Nestor Diculescu Kingston Petersen SCASee profile on p.2131Department head Ana Diculescu-Şova (see p.2125) is recognised for her long-standing presence in the market. Sources describe her as “one of the top litigators in the country, with a degree of experience that is unparalleled in the market.” She acts on many top-level disputes, including representing clients in international courts. Sorina Cretu (see p.2126) is a “highly skilled and experienced litiga-tion lawyer with extended multidisciplinary capabilities,” according to market commentators. He regularly acts on international arbitrations, fiscal and administrative dis-putes, and IP litigation. Recent highlights concerned sec-tors such as banking, insurance and real estate. Recent hire Peggy Suică-Neagu (see p.2127) provides extensive experi-ence of disputes in the oil and gas sector, as well as conten-tious pharmaceutical matters. She is active on domestic and international arbitrations, and has represented clients in disputes before the ECHR.

Stoica & AsociatiiValeriu Stoica is widely renowned for his strength in com-mercial litigation and arbitration. Interviewees appreciate his “elegant style at court,” as well as his vast experience in the field, including previous professional activity in esteemed academic and political positions. Cristiana Stoica is best known for her focus on arbitration cases, where she main-tains a reputation as a “strong, experienced practitioner,” as both counsel and arbitrator. She offers notable experience of finance-related disputes.

Tuca Zbarcea & AsociatiiAccording to sources, Cornel Popa is a “very meticulous lawyer,” who has “a certain gravitas, given his wide experi-ence.” He remains widely respected in the Romanian market for his vast knowledge of dispute resolution, notably on complex international arbitrations. Lately, this included representing the Romanian government in a high-profile ICSID investment dispute, concerning a privatisation matter. Clients appreciate him for “giving opinions from dif-ferent perspectives to cover all angles of a problem, ensuring that his advice is reliable.” “Sharp and fast-thinking” lawyer Robert Rosu elicits glowing praise from clients: “He is organised and decisive in implementing his vision, and dem-onstrates effectiveness in court. He acts energetically to solve the problem.” His recent international caseload included acting for Italian company Secol on several disputes con-cerning public procurement contracts.

Zamfirescu Racoti & Partners Attorneys at Law (ZRP)See profile on p.2135Calin Andrei Zamfirescu (see p.2127) remains one of the pre-eminent figures in Romanian dispute resolution. Cli-ents describe him as “the top lawyer in litigation,” and “a per-

fect strategist,” with “an excellent ability to analyse, synthesise and co-ordinate the work.” He recently represented OMV Petrom in 15 litigation cases concerning a sale and purchase pre-contract for a plot of land, alongside extensive activity on high-end arbitration cases. Cosmin Vasile (see p.2127) comes highly recommended for his “dynamic, hands-on approach, with good strategic thinking and accurate technical speech.” His recent wide-ranging work included acting for numerous leading Romanian banks on an extensive labour law caseload, and representing Tender in an ICC arbitration concerning Romanian insolvency law.

Band 2

Dragne & AsociatiiIon Dragne rises to the top of the rankings this year, thanks to his extensive, high-profile caseload, and the wide-ranging praise for his many positive attributes. Sources state: “He is a prominent and impressive lawyer with a very strong per-sonality,” who is “concise and to the point in his arguments, and very convincing in front of court.” Others appreciate his strength in managing the firm’s top disputes, highlighting his “360-degree strategic vision.” His client base includes leading multinational corporations, banks and other finan-cial institutions, as well as state-owned and governmental entities. Clients recommend rising star Delia Bosman as a “well-educated, prompt lawyer who gives good advice. She offers solutions and tries to find different approaches to litiga-tion.” She recently acted for state-owned copper producer Cupru Min SA Abrud on a litigation case against Energo Mineral, concerning the annulment of a contract.

Musat & AsociatiiSee profile on p.2130Former judge Gheorghe Buta (see p.2125) is a highly regarded dispute resolution practitioner, who has “an extraor-dinary capacity for analysis, as well as a true understanding of how Romanian courts and judges can interpret the law, based on his extensive judicial career.” His extensive arbitration work recently included acting for Colas in three ICC arbitrations regarding construction contracts. Octavian Popescu (see p.2127) frequently handles commercial litigations and white-collar crime cases. Clients note that he “contributes a lot to the positive settlement of cases,” and recommend him as “a great litigator who always focuses on winning.”

Band 3

CMSSee profile on p.329Department head Gabriel Sidere impresses sources with his “diversified talent and insightful mind, in terms of under-standing the client’s situation and needs, and then translating it into a workable plan.” His litigation, arbitration and medi-ation expertise notably covers investment disputes, and cases involving governmental institutions.

Dispute ResolutionLeading FirmsBand 1Nestor Nestor Diculescu Kingston Petersen SCA *

Stoica & AsociatiiTuca Zbarcea & AsociatiiZamfirescu Racoti & Partners Attorneys at Law (ZRP) *

Band 2Dragne & AsociatiiMusat & Asociatii *

Band 3CMS *

Dentons *

Popovici Nitu & Asociatii *

Band 4Clifford Chance Badea *

DLA Piper Dinu SCA *

Eversheds Lina & GuiaNICULEASA Law Firm◊ (ORL) = Other Ranked Lawyer.* Indicates firm / individual with profile.

Alphabetical order within each band. Band 1 is highest.

Dispute ResolutionLeading individualsBand 1Diculescu-Şova Ana Nestor Nestor Diculescu Kingston Petersen SCA *

Dragne Ion Dragne & Asociatii

Stoica Valeriu Stoica & Asociatii

Zamfirescu Calin Andrei Zamfirescu Racoti & Partners Attorneys *

Band 2Neagu Simona Clifford Chance Badea *

Popa Cornel Tuca Zbarcea & Asociatii

Rosu Robert Tuca Zbarcea & Asociatii

Vasile Cosmin Zamfirescu Racoti & Partners Attorneys at Law (ZRP) *

Band 3Bălaş Radu DLA Piper Dinu SCA *

Buta Gheorghe Musat & Asociatii *

Csaki Tiberiu Dentons

Dontu Ciprian Popovici Nitu & Asociatii *

Niculeasa Madalin-Irinel NICULEASA Law Firm

Olaru Sorina Nestor Nestor Diculescu Kingston Petersen SCA *

Popescu Octavian Musat & Asociatii *

Sidere Gabriel CMS

Stoica Cristiana Stoica & Asociatii

Band 4Dascălu Dan D&B David si Baias (ORL) ◊

David Dana Vernon | David (ORL) ◊

Dincă Răzvan Răzvan Dincă & Asociaţii (ORL) ◊

Ştefănică Daniel bpv GRIGORESCU ŞTEFĂNICĂ (ORL) ◊

Șuică-Neagu Peggy Nestor Nestor Diculescu Kingston Petersen SCA *

Up-and-coming individualsBosman Delia Dragne & Asociatii

Craiciu Iuliana Costea Craiciu LLP (ORL) ◊

Peligrad Vlad Clifford Chance Badea

Trantea George NICULEASA Law Firm

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DentonsSee profile on p.861Tiberiu Csaki handles complex cases in the commercial litigation and arbitration spheres. Lately, this included acting for corporate design company Frisia Holding on a claim relating to the restriction of easement for a property. Market commentators admire his “prompt, objective advice” and his “responsive and proactive nature.”

Popovici Nitu & AsociatiiSee profile on p.2134Department head Ciprian Dontu (see p.2126) advises on the firm’s key disputes, such as assisting Fondul Proprietatea with various litigations, including the annulment of deci-sions made by the regulatory authority. One pleased client notes: “He is always able to offer solutions, and is prompt to our queries and requests. Whatever answers we are trying to find, he is able to provide them.”

Band 4

Clifford Chance BadeaSee profile on p.2699Recent hire Simona Neagu (see p.2126) offers knowledge of corporate, construction and regulatory disputes. Inter-viewees note her “convincing pleading” and “prompt, efficient feedback” on a range of complex cases. Up-and-comer Vlad Peligrad elicits high praise from clients, who consider him “a highly skilled lawyer and logical thinker who can make a clear assessment of any situation.” Alongside his broad liti-gation work, which includes fraud and insolvency matters, he has experience of acting as arbitrator on domestic and international cases.

DLA Piper Dinu SCASee profile on p.2128Department head Radu Balaş (see p.2125) is heavily involved in employment disputes and broader commer-cial litigation. Clients assert: “He is very proactive, doesn’t hesitate to ask questions, and is very fact-oriented.” Lately, he acted for insurance client Grawe on a litigation case against the tax authorities concerning VAT reimbursement, relating to a construction and property matter.

Eversheds Lina & GuiaSorin Susnea is main point of contact for this team, which has a strong track record in construction litigation, as well as extensive work on employment cases, and standout experience of marine insurance litigation.

NICULEASA Law FirmMadalin-Irinel Niculeasa comes highly recommended by clients: “I was impressed from our very first meeting. He goes above and beyond what you expect from a lawyer – his judge-ment is trustworthy, and he gives you a sense of calm because he fights so much for you.” He is best known for his focus on finance-related matters, although his caseload spans areas such as family law, construction litigation and transport arbitration. Sources appreciate rising star George Trantea for his prowess on his feet in complex court cases, and his detailed knowledge of tax disputes.

Other Ranked Lawyers

Iuliana Craiciu of Costea Craiciu LLP draws praise for her “extremely meticulous and hard-working” approach to a range of disputes, as well as her “pragmatic and commer-cially minded” nature. She has notable experience of M&A-related cases, although her broad expertise stretches across many areas of the law. Her diverse recent caseload included acting for Rapid FC on its challenge to an award by the Lausanne Arbitral Tribunal.Dan Dascălu of D&B David si Baias comes recognised for his extensive dispute resolution work, with particular emphasis on cases relating to tax and employment law. Lately, this included acting for Rafinaria Steaua Romana on a case concerning high-value tax issues, which involved a ruling by the ECJ. Interviewees highlight him as “extremely well prepared technically, and focused on the detail in a case.”Dana David of Vernon | David receives many plaudits from clients for her contentious practice, such as: “She applies sophisticated persuasion strategies to complex situ-ations, quickly adapting her negotiation style.” Others add: “She is authentic, transparent, a fantastic communicator and impeccably honest.” She frequently acts for prominent inter-national clients on complex cases in the Romanian market, such as advising ING on a high-value insolvency dispute.Răzvan Dincă of Răzvan Dincă & Asociaţii is a leading IP practitioner who brings an academic approach to his dis-pute resolution practice. Beyond his highly regarded con-tentious IP work, he also acts on banking litigation cases, and matters concerning infrastructure and industrial con-tracts, including disputes involving PPP issues. According to clients, he is “calm in most situations, and will always find a solution. He is positive and constructive.”Daniel Ştefănică of bpv GRIGORESCU ŞTEFĂNICĂ retains his presence in the Romanian disputes market. Recent case highlights include acting for Polaris M. Holding on a public procurement litigation concerning public sani-tation services.

ReSTRUCTURing/inSOLvenCy

Band 1

Nestor Nestor Diculescu Kingston Petersen SCASee profile on p.2131Ana Diculescu-Şova (see p.2125) draws broad respect for her litigation-focused practice, with strong experience of representing clients from sectors such as energy and real

estate in high-profile insolvency proceedings. Alina Radu (see p.2127) offers significant expertise in financial restruc-turing mandates, as part of her wider finance practice. She maintains strong relationships with Romania’s leading banks.

Zamfirescu Racoti & Partners Attorneys at Law (ZRP)See profile on p.2135Stan Tirnoveanu (see p.2127) remains a market-leading insolvency practitioner, with widely recognised prowess on the litigation aspects of high-profile insolvency cases. According to clients, he has “an outstanding reputation in

the field of insolvency. He is an excellent strategist, knows every detail of his cases, and has a positive approach to finding solutions for his clients.”

Band 2

Clifford Chance BadeaSee profile on p.2699Department head Daniel Badea (see p.2125) offers wide-ranging experience of financial restructuring mandates, including several recent non-performing loan transactions, as part of his extensive finance law practice. He is notably active on cases with cross-border aspects.

CMSSee profile on p.329Prominent finance lawyer Simon Dayes maintains his activity on numerous financial reorganisation mandates. His recent caseload included the restructuring of financing for energy and real estate projects.

Dragne & AsociatiiLeading litigator Ion Dragne brings his contentious prowess to act on many high-end insolvency mandates, for clients such as copper exploration company Cupru Min Sa Abrud.

Restructuring/insolvencyLeading FirmsBand 1Nestor Nestor Diculescu Kingston Petersen SCA *

Zamfirescu Racoti & Partners Attorneys at Law (ZRP) *

Band 2Clifford Chance Badea *

CMS *

Dragne & AsociatiiMusat & Asociatii *

Radu Taracila Padurari Retevoescu SCA Tuca Zbarcea & AsociatiiBand 3Biris GoranDLA Piper Dinu SCA *

Kinstellar SCAPeli Filip *

Stoica & Asociatii◊ (ORL) = Other Ranked Lawyer.* Indicates firm / individual with profile.

Alphabetical order within each band. Band 1 is highest.

Restructuring/insolvencyLeading individualsBand 1Piperea Gheorghe Piperea & Asociatii (ORL) ◊

Tirnoveanu Stan Zamfirescu Racoti & Partners Attorneys at Law (ZRP) *

Band 2Badea Daniel Clifford Chance Badea *

Diculescu-Şova Ana Nestor Nestor Diculescu Kingston Petersen SCA *

Dragne Ion Dragne & Asociatii

Band 3Bibicu Bogdan George Kinstellar SCA

Dayes Simon CMS

Grădinescu Laura DLA Piper Dinu SCA *

Plăcintescu Ana-Maria Musat & Asociatii *

Radu Alina Nestor Nestor Diculescu Kingston Petersen SCA *

Rosu Robert Tuca Zbarcea & Asociatii

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Leaders’ profiles in RomaniaANGHEL, CosminClifford Chance Badea, Bucharest+40 21 666 6124cosmin.anghel@cliffordchance.com

Featured in Banking & Finance (Romania)

Practice Areas: Cosmin’s expertise covers all aspects of syndicated and bilateral finance, bank guarantees and Letters of Credit based finance, real estate finance, acquisition finance, commercial loans, public debt finance, municipal finance, secured lending, mortgage finance, consumer credit, financing or leasing of aircrafts, finance based on discounting of receivables and issuance of bills, bond issuance and EMTN programmes and derivative transactions.Professional Memberships: Bucharest Bar.Career: University of Bucharest LLB: 2001 Member of the Bucharest Bar, Romanian Union of Lawyers Joined Badea & Asociatii in 2002 Was seconded to Clifford Chance’s London banking group in 2004 Counsel at Clifford Chance Badea since 2008.

BADEA, DanielClifford Chance Badea, Bucharest+40 21 666 6100daniel.badea@cliffordchance.com

Featured in Restructuring/Insolvency (Romania), Bank-ing & Finance (Romania)

Practice Areas: Managing Partner, Bucharest, Daniel has more than 15 years of legal practice in an international legal environment, including London. He has focused primarily on finance law (banks, project finance, capital markets, re-structurings, bonds issues) and has advised major international financial institutions, investment banks and global companies doing transactions in Romania. Daniel also has significant expertise in covering legal issues related to white collar crime, fraud investigations, regulatory compliance, regu-latory investigation and regulatory challenges.Professional Memberships: Romanian Union of Lawyers, Bucharest Bar, International Bar Association.Career: University of Bucharest LLB: 1998 Member of the Romanian Union of Lawyers, Bucharest Bar, International Bar Association Head of Banking practice, Linklaters in Romania: 2000-02 Office Managing Partner at Badea & Asociatii: 2002 Associated with Clifford Chance: 2006.

BADEA, NadiaClifford Chance Badea, Bucharest+40 21 666 6102nadia.badea@cliffordchance.com

Featured in Corporate/M&A (Romania)

Practice Areas: Nadia has been practic-ing business law for more than 17 years in the international environment, including London. She has extensive experience on M&A, joint ventures, infrastructure and development projects, advising a wide range of clients: private equity funds, investment banks, real estate developers and multinational corporations from various areas – energy and natural resources, insurance, health-care etc. Her expertise also includes competition and employment matters.Professional Memberships: Romanian Union of Lawyers, Bucharest Bar.Career: University of Bucharest LLB: 1995 Member of the Romanian Union of Lawyers, Bu-charest Bar, International Bar Association KPMG Romania: 1996-2001 Klegal, London: 2001 Partner at Georgescu, Nemoianu & Salcianu, associate law firm of KPMG in Romania: 2001-04 Partner at Badea & Asociatii: 2004 Associated with Clifford Chance: 2006.

BĂLAŞ, RaduDLA Piper Dinu SCA, Bucharest+40 37 215 5804radu.balas@dlapiper.com

Featured in Dispute Resolution (Romania)

Practice Areas: Counsel. His extensive experi-ence in litigation proceedings includes advising domestic and international companies in energy litigation, public procurement and administrative disputes, corporate governance disputes, labour law disputes, contract liability disputes, intellectual property administrative and court proceeding, as well as international and domestic arbitration.Professional Memberships: Bucharest Bar.Career: Qualified in 2003. In 2009 joined DLA Piper’s Bucharest office. Licensed industrial prop-erty counsel with the Romanian State Office for Patents and Trademarks since 2006.Personal: LLB at the University of Bucharest in 2001, followed by post-university studies of intel-lectual property law at Bucharest University and WIPO Worldwide Academy (2005).

BIRSAN, AlexandruPeli Filip, Bucharest+40 21 527 2000Alexandru.Birsan@pelifilip.com

Featured in Banking & Finance (Romania), Corporate/M&A (Romania)

Practice Areas: Alex’s main areas of focus are mergers and acquisitions (including private equity transactions) and capital markets. His background includes diverse experience in other areas such as privatisations, telecommunications and IT, real-estate, project financing, energy and banking. Alex is a founding partner of PeliFilip. Previously Alex has worked for seven years in the Bucharest, Lon-don and Paris offices of a Magic Circle firm and has acted on projects in a large number of jurisdic-tions in CEE, CIS as well as Western Europe.Career: Established PeliFilip in 2008.

BOLOGA, RuxandraNestor Nestor Diculescu Kingston Petersen SCA, Bucharest+40 21 201 1200ruxandra.bologa@nndkp.ro

Featured in Corporate/M&A (Romania)

Practice Areas: Partner and Co-Head of Cor-porate and Energy / Natural Resources practice. Her areas of expertise include commercial and corporate law, M&A and privatisation, corporate reorganisation (including during insolvency), commercial and administrative contract negotia-tions, business transfers and outsourcing, cross-border transactions, domestic and international joint-ventures, private equity transactions. She is a recognised expert in energy with particular focus on mining, oil and gas, including production, storage, distribution and supply, and renewable sources.Professional Memberships: Bucharest Bar.Career: Joined NNDKP in 2004. Appointed Partner in 2008.Personal: Born 20 February 1979. Graduated from the University of Bucharest Law School in 2001.

BUTA, GheorgheMusat & Asociatii, Bucharest+40 21 202 5908gheorghe.buta@musat.ro

Featured in Dispute Resolution (Romania)

Practice Areas: Gheorghe Buta, PhD, Deputy Managing Partner, heads the Dispute Resolution

practice, being one of the most respected experts in commercial, civil and criminal disputes in Romania. His outstanding expertise covers the fields of business and civil law, civil procedure, gathering extensive trial experience (30 years) as a prosecutor and a judge, in courts of all levels. He is an arbitrator on the panel of the International Commercial Arbitration Court and is renowned for his academic work.Professional Memberships: Bucharest and Romanian Bar Associations.Career: Former President of the High Court of Cassation and Justice, Commercial Division; Judge.

DANILESCU, AncaZamfirescu Racoti & Partners Attorneys at Law (ZRP), Bucharest+40 21 311 0517anca.danilescu@zrp.ro

Featured in Corporate/M&A (Romania)

Practice Areas: Anca Danilescu, Senior Partner, has developed a significant practice in project finance, corporate, commercial and mergers and acquisitions. She is involved in intricate financing transactions, including bank facility agreements, syndicated international loans and securitisations. Anca’s experience includes advising on complex transactions ranging from cross-border business ventures to private stock and assets acquisitions for major domestic and international corporate clients in various fields, such as multinational lime and glass producers, leading companies in telecommunications,shipping and aviation areas.

DICULESCU-ŞOVA, AnaNestor Nestor Diculescu Kingston Petersen SCA, Bucharest+40 21 201 1200ana.diculescu@nndkp.ro

Featured in Restructuring/Insolvency (Romania), Dispute Resolution (Romania)

Practice Areas: Senior Partner and Head of Dispute Resolution department. She success-fully represented clients in virtually all major cases covering a wide array of civil, commercial, administrative, competition and fiscal law matters. Her undisputed expertise is recognised locally and internationally by clients, competitors and legal guides.Professional Memberships: Bucharest Bar, International Union of Lawyers.

Musat & AsociatiiSee profile on p.2130Ana-Maria Plăcintescu (see p.2127) offers broad expertise across all aspects of the Romanian restructuring and insol-vency market, including financial reorganisation and formal bankruptcy matters. Recent highlights include advising major domestic construction company Energoconstructia on its high-value insolvency procedure.

Radu Taracila Padurari Retevoescu SCA in as-sociation with Allen & Overy LLPVictor Padurari is the primary contact for this team, which focuses on financial restructuring mandates involving inter-national clients.

Tuca Zbarcea & AsociatiiRobert Rosu is this firm’s most prominent insolvency practitioner, focusing on the litigation aspect of numerous bankruptcy matters. According to clients, he is a “sharp and fast-thinking” practitioner. Lately, he advised finance client BRD Groupe Société Générale on a case concerning the recovery of receivables.

Band 3

Biris GoranBroad restructuring and insolvency offering, best known for cases involving real estate clients. Raluca Nastase is the main contact partner.

DLA Piper Dinu SCASee profile on p.2128Laura Gradinescu (see p.2126) is this firm’s most promi-nent figure in the restructuring and insolvency market, with wide-ranging experience of multi-jurisdictional mandates.

Kinstellar SCABogdan George Bibicu remains highly active on numerous international restructuring matters. His practice includes acting for market-leading international financial institu-tions and prominent corporate clients, such as Swiss drugs producer Agera Pharma, on contentious and advisory insol-vency matters in Romania.

Peli FilipSee profile on p.2133Ioan Dumitrascu is the lead contact for this team, which has a growing presence in the Romanian restructuring and insolvency market, notably in banking-related financial reorganisation.

Stoica & AsociatiiNoted for litigation expertise in insolvency matters and advising banks on restructuring mandates. The main figure for this team is Ioan Chiper.

Other Ranked Lawyers

Sources consider Gheorghe Piperea of Piperea & Asociatii a leading, highly esteemed practitioner for the litigation aspects of Romanian insolvency mandates. He is widely recognised for his academically driven approach to high-profile mandates.

Romania Leading individuals� www.chambersandpartners.com

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Career: Founded Ana Diculescu Law Office. Merged in 2001 with Nestor Nestor Kingston Pe-tersen creating Nestor Nestor Diculescu Kingston Petersen. Was ad hoc Judge of the European Court of Human Rights.Personal: Born 4 January 1954. Graduated from the University of Bucharest Law School in 1976.

DINU, MarianDLA Piper Dinu SCA, Bucharest+40 37 215 5881marian.dinu@dlapiper.com

Featured in Corporate/M&A (Romania)

Practice Areas: Country Managing Partner. A prominent corporate expert, Marian is instrumen-tal in major M&A and capital market transactions in Romania. He specialises in mergers and acquisi-tions, equity and debt offerings, restructuring and insolvency, with a focus on energy / oil and gas, IT and telecommunications.Professional Memberships: New York State Bar, Bucharest Bar.Career: Qualified in 1998. In 2008, Marian founded the DLA Piper office in Romania.Personal: Graduated from University of Bucha-rest – Faculty of Law (1996) and completed an LLM at Northwestern University School of Law (Chicago, 1998) and an MBA at Vienna University of Economics (2008).

DONTU, CiprianPopovici Nitu & Asociatii, Bucharest+40 21 317 7919ciprian.dontu@pnpartners.ro

Featured in Dispute Resolution (Romania)

Practice Areas: Ciprian Dontu is leading the Litigation and Restructuring and Insolvency Practices. He represents in court and in arbitration proceedings multinational companies, financial institutions, investments funds and entrepreneurs. Ciprian has extensive expertise in corporate governance, competition and debt recovery disputes. Ciprian is also representing international investors in relation to all aspects of restructuring and insolvency, including both transactional and litigation matters.Professional Memberships: Member of the Bu-charest Bar and of the Romanian Bar Association.Career: Degree in Law from the University of Bucharest. Partner with Popovici Nitu & Asociatii.

FILIP, CristinaPeli Filip, Bucharest+40 21 527 2000Cristina.Filip@pelifilip.com

Featured in Corporate/M&A (Romania)

Practice Areas: Cristina has advised in the most significant transactions performed in the power, oil and gas sectors in Romania to date. Energy is a key area for which she is recognised as leading legal expert. Cristina has advised in a wide array of M&A, corporate and commercial transactions, representing clients in highly complex projects, where multi-sectorial experience, in-depth legal knowledge, ability to integrate in solutions the market specificities and to manage multiple work-streams simultaneously are essential.Career: Established PeliFilip in 2008.

GASPAR, Adriana INestor Nestor Diculescu Kingston Petersen SCA, Bucharest+40 21 201 1200adriana.gaspar@nndkp.ro

Featured in Corporate/M&A (Romania)

Practice Areas: Senior Partner and Co-Head of Corporate and Contracts practice. Her areas of expertise include M&A, corporate restructur-ing, infrastructure development and financing, cross-border finance, privatisations, securities and capital markets transactions. She provides strategic advice in structuring and pursuing investments or exit arrangements, including private equity transactions.Professional Memberships: Bucharest Bar.

Career: Joined NNDKP in 1996, appointed Partner in 2000. Former judge with the Bucharest court and associate professor at the University of Bucharest Law School.Personal: Born 17 August 1970. Graduated from the University of Bucharest Law School in 1993 and from the Romanian National College for Magistrates in 1994.

GLODEANU, IleanaWolf Theiss, Bucharest+40 21 308 8100ileana.glodeanu@wolftheiss.com

Featured in Corporate/M&A (Romania)

Practice Areas: Corporate and M&A with a focus on energy, TMT and pharma. Ileana also advises on employment law and insolvency restructurings.Professional Memberships: Bucharest Bar, since 2000.Career: Attorney at law at Wolf Theiss since 2005 and Partner since 2014; Vice-President of the Romanian Photovoltaic Industry Association since 2012.Personal: Bucharest University (BA, 2000; LLM in Private Law, 2001); Business Law Institute “N. Titulescu- H. Capitant” University of Pantheon Sorbonne Paris (LLM in Commercial Law, 2001).

GRĂDINESCU, LauraDLA Piper Dinu SCA, Bucharest+40 37 215 5828laura.gradinescu@dlapiper.com

Featured in Restructuring/Insolvency (Romania)

Practice Areas: Senior Associate. With an in-solvency practitioner background, Laura has dealt, for over ten years, with complex restructuring and insolvency proceedings and with organising and conducting judicial insolvency and voluntary liquidation procedures. Laura also provides repre-sentation in front of law courts, having significant experience as pleading attorney.Professional Memberships: Bucharest Bar, the National Union of Insolvency Practitioners in Romania, Insol EuropeCareer: Qualified in 2003. Joined DLA Piper Bucharest in 2009.Personal: Obtained an LLB from the Faculty of Law, University of Bucharest (2000) and an LLM from Durham University, United Kingdom (2014).

JARDINE, Bryan WWolf Theiss, Bucharest+40 21 308 8172bryan.jardine@wolftheiss.com

Featured in Corporate/M&A (Romania)

Practice Areas: Corporate/M&A with focus on Renewable and Conventional Energy; Infra-structure; Privatisation; Real Estate; Bankruptcy/Restructuring.Professional Memberships: California State Bar Association (admitted since 1990); American Bar Association; Registered Foreign Consultant with Bucharest Bar Association.Career: Managing Partner Wolf Theiss Bucharest, since 2005; actively practicing in CEE region since 1996.Publications: Numerous articles on energy-related issues and coordinating editor of the Wolf Theiss Renewable Energy Guide (5th year of publication in 2014).Personal: Born 1962, USA; Georgetown Univer-sity School of Foreign Service (BA of Science in Foreign Service, magna cum laude 1984); Univer-sity of California, Los Angeles (JUDr 1990).

LEACH, AncutaWolf Theiss, Bucharest+40 21 308 8103ancuta.leach@wolftheiss.com

Featured in Corporate/M&A (Romania)

Practice Areas: M&A projects (including pri-vatisations) in various sectors (including banking and transport). Corporate law and contract law.

Competition expertise includes merger clearance, anti-competitive practices and investigations.Professional Memberships: Member of the Bucharest Bar since 1998.Career: Partner, Wolf Theiss, since 2009.Publications: Various articles on M&A, corporate and competition topics. Ancuta has co-authored the Romanian chapter of Merger Control Worldwide, 2nd edition, Cambridge University Press and the Romanian chapter of Guide on Cross-Border Mergers, LexisNexis.Personal: Graduated from the Academy of Eco-nomic Studies, Bucharest (Faculty of International Business and Economics) and from the University of Bucharest (Faculty of Law).

MENZER, Jörg KNoerr, Bucharest+40 21 312 5888joerg.menzer@noerr.com

Featured in Corporate/M&A (Central & Eastern Europe), Corporate/M&A (Germany), Corporate/M&A (Romania)

See under Global Leaders for profile.

MUșAT, GheorgheMusat & Asociatii, Bucharest+40 21 202 5901musat@musat.ro

Featured in Corporate/M&A (Romania)

Specialisation: Gheorghe Musat, Senior Partner and founder of Musat & Asociatii, is one of the “market builders” of the business law practice in Romania. He has been involved as team leader in high-profile merger and acquisition transactions, as well in most of the major privatisations in Romania. With a career of over 30 years, he has counseled foreign investors in banking, M&A and corporate finance, dispute resolution (interna-tional and domestic arbitration included), as well as capital markets projects.Professional Memberships: Bucharest Bar Association.

NEAGU, SimonaClifford Chance Badea, Bucharest

Featured in Dispute Resolution (Romania)

Practice Areas: Partner within the Dispute Resolution department. She represents clients in a wide range of legal issues in court and before arbitration tribunals. She developed her specialisa-tion and key qualifications in the area of civil and commercial law, labour, banking, administrative and fiscal law. Her expertise covers regulatory / competition disputes, enforcement proceedings, insolvency procedures, bankruptcy and reorgani-sations, telecom and infrastructure litigation.Professional Memberships: Bucharest Bar.Career: Joined NNDKP in 2006. Appointed Partner in 2008.Personal: Born 3 July 1969. Graduated from the Babes-Bolyai University Law School in 1991 and the Romanian National College for Magistrates in 1992.

NESTOR, Ion INestor Nestor Diculescu Kingston Petersen SCA, Bucharest+40 21 201 1200ion.nestor@nndkp.ro

Featured in Corporate/M&A (Romania)

Practice Areas: Co-Managing Partner and Head of Emerging Practices department. His expertise includes large, cross-border transactions and he has extensive knowledge of Romanian civil, com-mercial and corporate law. He has wide-ranging experience advising international and local inves-tors in M&A, restructuring and corporate projects, privatisations and cross-border financing projects. He is associated with many high profile transac-tions in Romania and major legislative projects.Professional Memberships: Bucharest Bar.Career: Founded NNDKP in 1990. Prior to 1990, counsel and chief legal adviser of the Romanian Consulting Institute Romconsult.

Personal: Born 24 February 1953. Graduated from the University of Bucharest Law School in 1976.

NITU, FlorianPopovici Nitu & Asociatii, Bucharest+40 21 317 7919florian.nitu@pnpartners.ro

Featured in Corporate/M&A (Romania)

Practice Areas: Florian Nitu is the Managing Partner of Popovici Niţu & Asociaţii and Head of the firm’s Mergers & Acquisitions, Real Estate and International Arbitration practices. Florian is largely recognised as one of the most experienced transactional lawyers and claim managers in the Romanian legal services market. He holds a sig-nificant expertise in arbitration proceedings before domestic and international courts of arbitration under the rules of ICC Paris, ICSID, the Court of International Commercial Arbitration pertaining to the Chamber of Commerce and Industry of Ro-mania. Florian is also a well-known practitioner in Public Procurement Projects, Capital Markets and Securities, being one of the first Romanian lawyers specialised in this field. For more than a decade he has been constantly ranked as a leading lawyer in Romania in the areas of Mergers & Acquisitions, Real Estate and International Arbitration Practices with international legal directories such as Cham-bers and Partners, Legal 500, IFLR 1000 and many other professional or industry surveys.Professional Memberships: Member of the Bu-charest Bar and of the Romanian Bar association.Career: Florian has completed a double educa-tion in Romanian and transnational law, with the Bucharest Faculty of Law (LLB) and King`s College London (LLM).

OLARU, SorinaNestor Nestor Diculescu Kingston Petersen SCA, Bucharest+40 21 201 1200sorina.olaru@nndkp.ro

Featured in Dispute Resolution (Romania)

Practice Areas: Partner within the Dispute Resolution department. She developed her key qualifications in areas such as international com-mercial arbitration, intellectual property, civil liti-gation, malpractice and professional responsibility matters, commercial and administrative law cases. She specialises in litigation regarding commercial trademarks, copyrights, patents and industrial models and designs and in arbitration cases related to privatisation agreements, commercial and civil construction contracts (including FIDIC contracts).Professional Memberships: Bucharest Bar, Institute of Chartered Arbitrators, International Arbitration Association.Career: Joined NNDKP in 2007. Appointed Partner in 2009.Personal: Born 13 May 1975. Graduated from the University of Bucharest Law School in 1999.

PELI, CarmenPeli Filip, Bucharest+40 21 527 2000Carmen.Peli@pelifilip.com

Featured in Corporate/M&A (Romania)

Practice Areas: Carmen focuses on Competi-tion, M&A, Finance and commercial law. She has substantial expertise in various industries, such as pharmaceuticals, IT&C, financial services, auto-motive, defence. Carmen has assisted in some of the landmark competition cases in Romania. Her innovative approach and deep understanding of economics are praised by clients. She has also been a leading lawyer in some of the largest transactions on the Romanian market in the oil and gas and pharmaceutical sectors.Career: Established PeliFilip in 2008.

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PLĂCINTESCU, Ana-MariaMusat & Asociatii, Bucharest+40 21 202 5910anamaria.placintescu@musat.ro

Featured in Restructuring/Insolvency (Romania)

Practice Areas: Ana Maria Placintescu, Partner, has built a considerable experience in restructur-ing and insolvency practice, being specialised in restructuring strategy, liabilities under insolvency procedures, debt recovery proceedings. Ana Maria advised various national and international clients during insolvency procedures, provid-ing assistance on complex restructuring projects conducted with institutional lenders and other secured and unsecured creditors. She is also specialised in all areas of labour and employment matters.Professional Memberships: Bucharest and Romanian Bar Associations, Romanian National Association of Practitioners in Insolvency, Inso-lEurope.

POPESCU, OctavianMusat & Asociatii, Bucharest+40 21 202 5933octavian.popescu@musat.ro

Featured in Dispute Resolution (Romania)

Practice Areas: Octavian Popescu, Partner, is recognised as a leading practitioner in litigation, handling complex projects in various areas of practice. He specialises in commercial, corporate and contractual litigation, disputes between shareholders and corporate governance issues, as well as in securities enforcement and insolvency proceedings. Octavian is also renowned for his extensive practice in White Collar Crime, assisting and representing multinational companies, busi-nessmen and diplomats in sensitive cases involving corruption and corporate fraud, during prosecut-ing investigations and court proceedings.Professional Memberships: Member of the Bucharest and Romanian Bar Associations.

RACHIERU, MadalinaClifford Chance Badea, Bucharest+40 21 666 6120madalina.rachieru@cliffordchance.com

Featured in Banking & Finance (Romania)

Practice Areas: Madalina is particularly strong in domestic and international capital markets transactions, as well as in banking and finance. Madalina has assisted a wide range of financial institutions, investment banks and local and in-ternational companies in connection with various aspects related to receivable securitisations, IPOs, SPOs, domestic bond issuance, corporate and sov-ereign Eurobond issuance, EMTN programmes, GDRs issuance and employee share option plans.Professional Memberships: Bucharest Bar.Career: University of Bucharest LLB: 2001 Mem-ber of the Bucharest Bar, Romanian Union of Law-yers Joined Badea & Asociatii in 2002 Seconded to Clifford Chance’s London capital markets group in 2007 Counsel at Clifford Chance Badea since 2008.

RACOTI, IoanaZamfirescu Racoti & Partners Attorneys at Law (ZRP), Bucharest+40 21 311 0517ioana.racoti@zrp.ro

Featured in Banking & Finance (Romania), Corporate/M&A (Romania)

Practice Areas: Ioana Racoti, Senior Partner, is a leading corporate finance lawyer, specialising in all aspects of corporate law, including transactions on the capital market, public offerings, company

listing and de-listing, private placements. She assists financial institutions and borrowers in complex loan transactions, syndicated facili-ties, creation and perfection of guarantees and securities, project finance. Ioana has developed an extensive practice in energy and natural resources, being highly sought after as an advisor for intricate projects regarding the oil and gas industry and energy sector, by granting legal assistance pertain-ing to investment strategy, regulatory issues and contract law.

RADU, AlinaNestor Nestor Diculescu Kingston Petersen SCA, Bucharest+40 21 201 1200alina.radu@nndkp.ro

Featured in Restructuring/Insolvency (Romania), Bank-ing & Finance (Romania)

Practice Areas: Partner and Head of Banking and Finance practice. Her key qualifications include project finance and banking, privatisation, private sales and acquisitions, foreign investments, real estate, assisting financial institutions and borrowers in major financing transactions. Her expertise covers launch of new banking products, preparation of standard documents for credit institutions, restructuring of loans, sales and acquisitions of loan portfolios, and a wide range of regulatory aspects.Professional Memberships: Bucharest Bar.Career: Joined NNDKP in 1997. Appointed Partner in 2004.Personal: Born 1 May 1974. Graduated from the University of Bucharest Law School in 1997.

SISMAN, AndreeaClifford Chance Badea, Bucharest+40 21 666 6116andreea.sisman@cliffordchance.com

Featured in Banking & Finance (Romania)

Practice Areas: Andreea has extensive experi-ence in banking and finance, including banking restructuring and regulatory, as well as in real estate finance and real estate litigation, especially in relation to enforcement matters. She also ad-vised major international banks, public authorities and large multinational companies on public procurement and public-private partnership/ concession issues in relation to the development of infrastructure projects (ranging from hospital to motorway PPPs).Professional Memberships: Bucharest Bar, Romanian Union of Lawyers.Career: University of Bucharest LLB: 1999 Euro-pean and French Law Studies – The French-Roma-nian Law College of European Studies (University of Bucharest in collaboration with the University of Paris I Panthéon-Sorbonne): 1995 to 1997 The French-Romanian Institute of Business Law and International Cooperation “Nicolae Titulescu – Henri Capitant” Bucharest: 2000 Member of the Bucharest Bar, Romanian Union of Lawyers Joined Badea & Asociatii in 2002. Counsel at Clifford Chance Badea since 2008.

STANCU BIRSAN, AlinaPeli Filip, Bucharest+40 21 527 2000Alina.Stancu_Birsan@pelifilip.com

Featured in Corporate/M&A (Romania)

Practice Areas: Alina’s main practice areas are Energy, Corporate M&A and Projects, although she has diverse experience in other areas as well, such as privatisation and finance. Alina has been involved in some of the largest and most complex

energy transactions and projects, including in the renewables sector. She has advised investors, developers, equipment suppliers and financing parties in relation to all legal aspects relevant for the development, operation, sale and/or financing of renewable projects in Romania, including on the sale of the biggest on-shore wind farm in Europe.Career: Partner PeliFilip.

STOICA, Bogdan ConstantinPopovici Nitu & Asociatii, Bucharest+40 21 317 7919bogdan.stoica@pnpartners.ro

Featured in Corporate/M&A (Romania)

Practice Areas: Bogdan C Stoica is a Partner in the M&A and Capital Markets Groups, also heading the Healthcare and Pharmaceuticals Practice. Bogdan has advised the majority of the high profile M&A deals of the past years in healthcare, pharmaceuticals, agribusiness and IT industries and also a few of the largest M&A transactions in other industries, being declared by Forbes Romania as the most active M&A lawyer in Romania in 2010.Professional Memberships: Member of the Bu-charest Bar and of the Romanian Bar Association.

STOICA, SilviuPopovici Nitu & Asociatii, Bucharest+40 21 317 7919silviu.stoica@pnpartners.ro

Featured in Corporate/M&A (Romania)

Practice Areas: Silviu Stoica is leading the competition and antitrust practice. He focuses on contentious and non-contentious competition matters, with an emphasis on cartel investigations and sector inquiries, abuses of dominant position and antitrust disputes. Silviu is also involved in a broad range of corporate/M&A work and has extensive experience advising major domestic and international corporations on a whole array of corporate/M&A and investment matters.Professional Memberships: Member of the Bu-charest Bar and of the Romanian Bar Association.Career: Degree in Law from the University of Bucharest. Partner with Popovici Nitu & Asociatii.

SUCIU, MirunaMusat & Asociatii, Bucharest+40 21 202 5905miruna.suciu@musat.ro

Featured in Corporate/M&A (Romania)

Practice Areas: Miruna Suciu, Partner, has a wealth of experience in complex transactions involving M&A, Energy and Regulatory, Privatisa-tions and Capital Markets. She advises clients on the full spectrum of equity instruments, including IPOs, preference right issuing and trading, secondary offerings, block trades and convert-ible bonds issues as well as in asset based deals in several industries. Miruna handled a variety of cutting-edge M&A and capital market transactions of domestic and international dimension.Professional Memberships: Bucharest and Romanian Bar Associations, Romanian National Association of Practitioners in Insolvency.

ȘUICĂ-NEAGU, PeggyNestor Nestor Diculescu Kingston Petersen SCA, Bucharest+40 21 201 1200peggy.suica-neagu@nndkp.ro

Featured in Dispute Resolution (Romania)

Practice Areas: Partner within the Dispute Resolution department. Peggy represents clients in disputes related to civil law, such as: contractual

liability, real estate, issues governing the civil part of criminal cases, bankruptcy proceedings, administrative disputes in relation to competition law, public procurement and fiscal matters. She is also specialised in internal and international arbitrations.Professional Memberships: Bucharest Bar.Career: First with NNDKP in 1999-2005. Re-joined in 2014 as Partner.Personal: Born 11 March 1964. Graduated from the University of Bucharest Law School in 1995 and the Academy of Economic Studies in 1986.

TIRNOVEANU, StanZamfirescu Racoti & Partners Attorneys at Law (ZRP), Bucharest+40 21 311 0517stan.tirnoveanu@zrp.ro

Featured in Restructuring/Insolvency (Romania)

Practice Areas: Stan Tirnoveanu, Senior Part-ner, with over 30 years experience as a lawyer and over 18 years experience as an insolvency practi-tioner, has broad expertise in representing clients in insolvency and bankruptcy, debt recovery and dispute resolution. He is one of the best with respect to insolvency procedure cases, ensuring legal assistance for both creditors and debtors. His professional advantage is given by solid knowledge of the banking system and related procedures, area in which he is valued for his fine strategic vision and excellent performances. Stan Tîrnoveanu is founder and member of the European Association for Banking and Finance Law, Romania Branch.

VASILE, CosminZamfirescu Racoti & Partners Attorneys at Law (ZRP), Bucharest+40 21 311 0517cosmin.vasile@zrp.ro

Featured in Dispute Resolution (Romania)

Practice Areas: Cosmin Vasile, PhD, is an exceptional legal strategist and negotiator, provid-ing clients with consultancy and representation services in international arbitration, civil and com-mercial litigation. He has tried cases involving pat-ent and trademark infringement, administrative and procurement disputes,banking disputes and debtor / creditor litigation. He has gained a strong reputation in handling complex international ar-bitrations, including proceedings governed by the rules of ICC and LCIA, as well as less formal pro-cedures using the UNCITRAL arbitration rules. He has been awarded the Diploma in International Arbitration by the Chartered Institute of Arbitra-tors and is a fellow member of this institute.

ZAMFIRESCU, Calin AndreiZamfirescu Racoti & Partners Attorneys at Law (ZRP), Bucharest+40 21 311 0517calin.zamfirescu@zrp.ro

Featured in Dispute Resolution (Romania)

Practice Areas: Calin-Andrei Zamfirescu, Sen-ior Partner, a preeminent Romanian litigator with extensive courtroom experience of over 38 years, acts as counsel for major clients in important do-mestic and international litigation and arbitration proceedings. Călin legally assists and represents clients in front of the courts of law (including the Courts of Appeal and the High Court of Annul-ment and Justice), the Constitutional Court and the Court of International Commercial Arbitra-tion attached to the Romanian Chamber of Com-merce and Industry. He is Honorary President of the National Union of Romanian Bars as well as Head of the Romanian Delegation before CCBE.

Romania Leading Law Firms� www.chambersandpartners.com

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ROMANIA www.chambersandpartners.com

DLA PIPER DINU SCA

www.dlapiper.com/romania tel: +40 372 155 800 fax: +40 372 155 810

Country Managing Partner: Marian DinuNumber of Partners: 4Numbers of lawyers: 45Languages: English, French, Romanian

Firm Overview:DLA Piper is a global law � rm with 4200 lawyers located in more than 30 countries throughout the Americas, Asia Paci� c, Europe and the Middle East. Since November 2008, DLA Piper’s o� ce in Bucharest has supported clients with a strong team of 45 internationally trained Romanian lawyers and tax consultants. � e members of DLA Piper’s Romanian team have been involved in several headline transactions in the Romanian and the CEE market, bene� ting from signi� cant exposure to a wide range of legal and commercial matters.

Main Areas of Practice:

Corporate M&A: ■ Advising Federal Mogul in connection with a

complex, multi-jurisdictional transaction involving the acquisition of TMD Friction Materials from Honeywell, including complex and sensitive employment law advice regarding the transfer of undertaking rules ■ Advising GE Capital on the sale of a signi� cant

pan-European Trailer Services business involving 20 European jurisdictions, China, Bermuda and the United States ■ Advising OMV Petrom, the largest oil and gas

producer in Southeastern Europe, on the sale of its gas distribution subsidiary, Petrom Distributie Gaze ■ Advising OMV Petrom and E.On on the joint disposal

of the majority interest in Congaz, the main gas supplier in Constanta County ■ Advising � esan SpA, a renewable energy and

energy-saving systems Italian company, in relation to its entry on the local market, by acquiring various solar parks in Romania                

Contact: Marian DinuEmail: marian.dinu@dlapiper.com

Finance & Capital Markets: ■ Advising the Romanian Ministry of Public Finance on

updating its EUR 15 billion Euro Medium Term Notes Programme, and in connection with the issuance of the USD 1 billion 4.875 per cent notes due 2024, and USD 1 billion 6.125 per cent notes due 2044, on the Luxembourg Stock Exchange ■ Advising the syndicate of banks in relation to EUR

450 million � nancing granted to CIE Automotive group for re� nancing existing indebtedness and � nancing cash liquidities  ■ Advising OMV Petrom group on cutting-edge large

syndicated unsecured � nancings, complex factoring and reverse factoring mechanism and energy � nancings

Contact: Alexandra OvedenieEmail: alexandra.ovedenie@dlapiper.comContact: Monica GeorgiadisEmail: monica.georgiadis@dlapiper.com

Commercial Litigation & Arbitration: ■ Representing Chevron in a large number of disputes

aimed to cancel or suspend authorizations and permits for drilling lodged by several not for pro� t organisations ■ Representing three leading international medicine

producers in court litigations regarding the annulment of the noti� cations for payment of the claw-back contribution, in aggregate value exceeding EUR 30 million ■ Representing Constanta South Container Terminal

(part of DP Word) in a court dispute against two trade Unions requesting payment of seniority bonuses for a large number of employees

■ Representing Grawe Romania Asigurare SA in a litigation against tax authorities (ANAF) concerning VAT reimbursement

Contact: Radu BălașEmail: radu.balas@dlapiper.com

Competition: ■ Advising Publicis, one of the largest communications

groups worldwide, in all competition-law aspects related to the consolidation of its presence in Romania ■ Advising two companies, members of ROREC and

ECOTIC associations, during the investigation of the Romanian Competition Council on the markets of commercialization of electric and electronic equipment and of management of waste thereof, regarding the conclusion of potentially anti-competitive agreements during the buy-back campaigns. � e investigation was � nalized without � ne ■ Advising several pharmaceutical companies during

the sector inquiry of the Competition Council assessing envisaged changes in the distribution model; also advising pharmaceutical companies in relation to daily activities and compliance programs ■ Advising the largest oil and gas producer in Southeast-

ern Europe, in its capacity as seller, with the noti� cation to the Romanian Competition Council of the merger resulting from the sale of a downstream gas distribution subsidiary

Contact: Livia Zam� ropolEmail: livia.zam� ropol@dlapiper.com

Intellectual Property & Technology: ■ Advising Publicis Groupe in consolidating its presence

in Romania through multiple acquisitions, mergers and consolidations of certain local entities as well as regulatory advice on audio-visual aspects ■ Advising the largest skill gaming site in the world on

the transfer of intellectual property rights ■ Advising several clients from the pharmaceutical

sector with respect to complex and sensitive data protection matters arising in the context of scienti� c research and promotional/marketing activities ■ Advising the local subsidiary of an international

snacks manufacturer on the use of certain signs and related risks which may arise from infringement of third parties trademark protection rights

Contact: Cosmina SimionEmail: cosmina.simion@dlapiper.com

Real Estate: ■ Advising UBS Limited in relation to the listing of

GlobalWorth Group on London Stock Exchange and to the subsequent EUR 65 million credit facilities granted for the acquisition of real estate companies ■ Advising Nova Imobiliare, the developer of the

largest shopping centre in Central Eastern Europe, � e Colosseum, with regard to the construction, � nancing

and lease process of the premises to be located in the 195 000 sqm buildings in Bucharest ■ Advising a German fund in the acquisition of two

companies that own 4,000 hectares of agricultural land located in Botoşani and Suceava counties, in excess of EUR 10 million

Contact: Alin Bu� eaEmail: alin.bu� ea@dlapiper.com

Employment: ■ Advising Autodesk Inc on its entry on the Romanian

market, following a multi-jurisdictional transaction, regarding Romanian employment law aspects, including transfer of undertakings related implications ■ Advising some of the largest companies in the life sci-

ences sector on employment matters, including sensitive negotiations with employees and with temporary work agencies, advice on restructuring within business units, recovery of amounts illicitly spent by employees and re-allocation of employees ■ Advising the world’s leading provider of integrated

business solutions, on day-to-day employment matters, particularly raised within its cooperation endeavours with the trade union established at its level, including Acquired Rights Directive related aspects

Contact: Monica GeorgiadisEmail: monica.georgiadis@dlapiper.com

Tax: ■ Advising a wide range of multinational companies on

the structuring of their operations in Romania starting with advice on the acquisition of local operators to the integration of the respective acquisition and consolida-tion of the activities per lines of businesses ■ Assisting a signi� cant number of clients during

their interactions with the Romanian tax authorities, successfully � nalizing VAT refund processes or general tax inspections ■ Advising Boehringer Ingelheim International on

a challenge against a tax assessment decision which established additional tax liabilities through additional quarterly claw-back contributions and corresponding penalties. Successfully obtained the suspension of the decision

Contact: Tudor NedeleaEmail: tudor.nedelea@dlapiper.com

Org ID: 179313 4 Out Authorised by: ......................................................................................... Date: ............................

PRACTICE AREASCorporate M&ACommercial Litigation & ArbitrationCompetitionEmploymentFinance & Capital MarketsIntellectual Property & TechnologyReal EstateTax

OFFICES

ROMANIABUCHAREST: Metropolis Center, 89-97 Grigore Alexandrescu Str., East Wing, 1st Floor, Sector 1, 010624Tel: +40 372 155 800 Fax: +40 372 155 810Email: bucharest.reception@dlapiper.com

www.chambersandpartners.com� Leading Law Firms Romania

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romania www.chambersandpartners.com

LEROY ȘȘI ASOCIAȚII SCA

www.leroylaw.ro tel: +40 21 223 03 10 fax: +40 21 223 03 42

Managing Partner: Bruno LeroyNumber of partners: 2Number of lawyers: 16Languages: English, French, German, Romanian, Spanish.

Firm Overview:With over 15 years of experience on the Romanian market, Leroy și Asociații is one of the country’s leading independent law firms. Originally set up as the local office of Gide Loyrette Nouel, the firm has gained national and international recognition due to its contribution on some of the most significant investments and transac-tions in Romania.From the very beginning, Leroy și Asociații has had an important impact on the Romanian legal advisory market as it worked on ground-breaking transactions across multiple practice areas, notably in mergers and acquisitions, banking and finance, real estate and projects and infrastructure. Having advised on several major privatisations, Leroy și Asociații subsequently successfully structured high profile acquisitions and was instructed to act on the first Romanian law-governed syndicated credit facility, the largest real estate financing in Romania and the first motorway concession project in the country.

Main Areas of Practice:

Corporate & M&A:2 partners, 7 fee earners based in Bucharest

■ Advising a leading French retailer on the acquisition of 20 hypermarkets located in Romania from a major German retailer (as part of a regional transaction cover-ing 109 hypermarkets in Central and Eastern Europe) ■ Advising the world’s leading dairy products company

on the acquisition of a Romanian group of companies ■ Advising a leading German energy group on the

acquisition of a 51% stake in a national gas distribution company ■ Advising an international financial institution on the

partial divestment of its stake in the leading Romanian medical care services company by way of sale to a private equity fund ■ Advising one of the largest firms managing private

equity and venture capital funds in Central and Eastern Europe on the sale of its stake in a leading Romanian IT company

Key Clients: Groupe Auchan, Groupama, Lactalis, Air Total, Leroy MerlinContact: Bruno Leroy Tel: +40 21 223 03 10Email: bruno.leroy@leroylaw.roContact: Andreea Toma Tel: +40 223 03 10Email: andreea.toma@leroylaw.ro

Banking & Finance:1 partner, 3 fee earners based in Bucharest

■ Advising the mandated lead arrangers on a club deal of an aggregate amount of EUR267.5 million for the development, construction and extension of an integrated project comprising a shopping center with a multiplex cinema and an entertainment area, a major furniture store and A-class office buildings ■ Advising the two largest Romanian banks on a

EUR100 million financing for the development and modernisation of the Henri Coanda Bucharest International Airport ■ Advising the founders and managers on the buy-out of

the majority interest held by a major US based investment fund active in the oil and gas industry in an emerging Romanian company, this is one of the first LBOs on the Romanian market with a mezzanine funding ■ Advising ISDA in relation to supporting the local

derivatives market and netting legislation, in the context of launching various draft legislation, including the Romanian Insolvency Code

Key Clients: BRD – Group Société Générale, BNPP, IFC, EBRD, ISDA, Nomura, Deutsche BankContact: Andreea Toma Tel: +40 223 03 10Email: andreea.toma@leroylaw.ro

Competition, Distribution & Consumer:1partner, 4 fee earners based in Bucharest

■ Representing the Romanian power grid operator during an investigation carried out by the European Commission – The Directorate-General for Competition ■ Advising a leading player in the French vegetable

oil and protein industry on the notification to the Romanian Competition Council of the concentration resulting from the acquisition of certain assets of an international food and agricultural products and services provider ■ Carrying out a competition law compliance

programme with two Romanian subsidiaries of a major group in the oil and energy sector ■ Advising several car manufacturers on the organisa-

tion and restructuring of their distribution networksKey Clients: LVMH, Sofiproteol, Total, Volvo Group, Reckitt Benckiser, Contact: Bruno Leroy Tel: +40 21 223 03 10Email: bruno.leroy@leroylaw.ro

Real Estate:1 partner, 3 fee earners based in Bucharest

■ Advising the Romanian subsidiary of a leading international tyres manufacturer on the acquisition of a 200,000 sqm plot of land for expanding its production capacity in Romania ■ Advising a French investor on the acquisition of

1,300 hectares of agricultural land for the production of cereals and of the related storage and processing facilities in Romania ■ Advising a specialised forestry investment fund on

the acquisition of several forestry plots, with a surface area of over 5,000 hectares, following complex legal due diligence reviews covering restitution issues, including forestry management plans, contracts with forestry units, environmental issues and post-acquisition regulatory matters ■ Advising a global player in the automotive industry on

drafting and negotiating lease agreements for three new industrial units in Romania ■ Advising the lender on a EUR46.5 million financing

for the development of a shopping mall; this is one of the largest real estate financings in Romania in 2012

Key Clients: Faurecia, FVIM, Michelin, Groupe MonnoyeurContact: Bruno Leroy Tel: +40 21 223 03 10Email: bruno.leroy@leroylaw.ro

Energy & Natural Resources:2 partners, 5 fee earners based in Bucharest

■ Advising a leading American group acting in the oil and gas sector on setting up a joint venture with one

of the two major players on the upstream oil and gas market in Romania ■ Advising a leading German energy group on the legal,

functional and management unbundling process of its gas supply and distribution activities in compliance with the Romanian and European regulations governing the opening of national gas markets ■ Advising and representing companies operating in the

energy sector in commercial litigations and admin-istrative proceedings against the national regulatory authority (ANRE) ■ Advising a leading French energy company on the

preparation of its bids for three projects regarding the privatisation of power generation facilities

Key Clients: GDF Suez, Total, Expert Petroleum, WiromContact: Bruno Leroy Tel: +40 21 223 03 10Email: bruno.leroy@leroylaw.ro

Projects & Infrastructure:1 partner, 4 fee earners based in Bucharest

■ Advising the winning bidder of the award procedure for the concession of the Comarnic-Brasov Motorway, in the largest road PPP/concession projects tendered by the Romanian authorities in relation to all Romanian law matters relevant to the project ■ Advising a research centre on its participation

to public procurement procedures organised by a Romanian research institution for the award of a supply contract for a high intensity gamma beam system to be commissioned in Măgurele, Ilfov County ■ Advising an important player in the Romanian

upstream oil and gas sector in relation to the public procurement procedures organised by the largest oil and gas producer in the SEE for the award of a production enhancement services agreement ■ Advising major European companies acting in several

sectors (helicopters, water treatment, meal vouchers, banking and finance) on the preparation of tenders in public procurement procedures organised by Romanian contracting authorities

Key Clients: Vinci, Strabag Aktor, EADS, Veolia, Dalkia, Egis, CNRSContact: Andreea Toma Tel: +40 223 03 10Email: andreea.toma@leroylaw.ro

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PrActice AreAsCorporate & M&ABanking & FinanceCompetition, Distribution & Consumer LawReal EstateEnergy & Natural ResourcesProjects & InfrastructureEmploymentDispute ResolutionIntellectual Property & Data ProtectionInsurance & Aviation

OFFices

ROMANIABuchArest: 10-12 Strada Maior Sontu, Sector 1, Bucuresti Tel: +40 21 223 03 10 Fax: +40 21 223 03 42

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MUSAT & ASOCIAŢTII

www.musat.ro tel: +40 21 202 5900 fax: +40 21 223 3957

Chairman & Senior Partner: Gheorghe MusatManaging Partners: Mona Musat (Managing Partner), Gheorghe Buta (Deputy Managing Partner)Number of partners: 16 Number of lawyers: 100Languages: English, French, German, Italian, Spanish, Romanian

Firm Overview:Muşat & Asociaţii has a long history on the Romanian business law market, being one of the first law firms established in the country after 1990. Presently, the firm has 16 partners, over 100 dedicated attorneys and a portfolio of over 2,500 high-profile clients, among which leading national and international companies, as well as governmental authorities and agencies, financial institutions and investment funds. Muşat & Asociaţii developed as a full-service law firm, covering all legal aspects. The firm provides a fully global client service through its partnerships with law firms in the UE and US, being the sole representative in Romania of TerraLex and TAGlaw.

Main Areas of Practice:

Corporate / M&A: ■ Advising the consortium consisting of SSIF Swiss

Capital, UBS Limited and BT Securities regarding the privatisation of Romtelecom (one of the top three telecom operators in Romania) ■ Assisting Enel Investment Holding in connection with

a memorandum of understanding to be concluded with the Ministry of Economy and Electrica SA, regarding the put option shares to be sold by Electrica SA to Enel ■ Appointed by the Ministry of Economy and Complex

Energetic Hunedoara as part of the consortium also comprising Deloitte Consultancy, in relation to the share capital increase of Complex Energetic Hunedoara, through the issuance of new shares and the sale of a 51% stake to a foreign investor

Key clients: Sterling Resources, Electrica SA, Ministry of Transport, Enel Group, Abbott Laboratories, Fotovol, GDF Suez, Complexul Energetic Oltenia, Sab Miller, Banca Nazionale del Lavoro.Contact: Gheorghe Musat, Senior Partner. E-mail: musat@musat.ro Contact: Miruna Suciu, Partner. Email: miruna.suciu@musat.ro

Banking, Finance & Capital Markets: ■ Retained as lead legal counsel by Industrial Bank of

Korea in connection with various legal issues pertaining to financing five photovoltaic projects located in three different regions of Romania ■ Retained by BCR (the largest Romanian bank) in

connection with multimillion financing for the develop-ment of two large photovoltaic parks in Romania ■ Assisting the underwriting syndicate selected by

Electrica SA in relation to the performance of the largest IPO ever concluded in Romania for listing through a share capital increase, representing 105% of the share capital of DFEE Electrica

Key clients: China Development Bank, Industrial Bank of Korea, Banca Nazionale del Lavoro, Unicredit, Deutsche Bank, Ministry of Economy, Complexul Energetic Oltenia, BRD Societe Generale, Citi, Swiss Capital, Raiffeisen Bank, Raiffeisen Capital Investment, Banca Transilvania, BT Securities. Contact: Mona Musat, Managing Partner. Email: mona.musat@musat.ro Contact: Miruna Suciu, Partner. Email: miruna.suciu@musat.ro

Dispute Resolution: ■ Representing ENEL, as lead legal counsel, in a highly

complex ICC arbitration case (venue of arbitration: Paris) regarding energy-related matters, involving multiple claims in excess of USD 1,200,000,000, as well as in relation to a complex ICC international arbitral procedure in Paris, with claims amounting to USD 59,000,000. Muşat & Asociaţii’s team obtained a fully

successful award for the client ■ Representing SIF Transilvania in relation to various

complex disputes with a total value of EUR 127,000,000. ■ Advising Roche Romania in various pharmaceutical

litigations dealing with claims worth over EUR 100,000,000

Key clients: Enel, Thyssen Krupp, Trigranit, Panalpina Group, Colas, Servier Pharma, Nokia, Farmexim, Octapharma, Banca Transilvania, Bank Leumi, SIF Muntenia, Groupama, Novo Nordisk, Enel Group.Contact: Gheorghe Buta, Deputy Managing Partner. Email: gheorghe.buta@musat.ro

Restructuring & Insolvency: ■ Advising Cooperative Centrale Raiffeisen-Boerenleen-

bank Ba (“Rabobank International“) on actions to be adopted within the insolvency procedure in respect of Oltchim SA ■ Selected as judicial receiver of Energoconstructia

within the insolvency procedure. The total amount of receivables requested by creditors amounts to roughly EUR 100,000,000 ■ Appointed by several leading banks, among which

Erste Bank, BCR, BRD - Group Societe Generale, CEC Bank and BANK LEUMI, as their judicial receivers in order to recover creditors’ debts amounting to several million euro

Key clients: Energoconstructia, Erste Bank, BRD, CEC Bank, Bank Leumi, EFT Group, Caterpillar Romania, Complex Onyx, Anchor Real Estate Development, Sardes, SEFI, Tricon EnergyContact: Iulian Iosif, Partner. E-mail: iulian.iosif@musat.ro

Real Estate / Infrastructure / PPP: ■ Advising Star Assembly, the Romanian subsidiary of

Daimler AG, regarding the development of a manufac-turing plant for the assembly of the new top of the line 9 gears automatic transmissions, the overall project value amounting to EUR 270,000,000 ■ Assisting Grupo Lar in connection with a wide range

of legal matters arising from taking over the manage-ment of three retail centers developed by Bel Rom ■ Advising the Shah Deniz consortium, led by British

Petroleum, in connection with various legal matters arising from the development of the Nabucco west gas pipeline

Key clients: TNT Romania, Midia Resources, Abbvie s.r.l, Capgemini Services Romania, Daimler, Grupo Lar, BCR, Industrial Bank of Korea, Spar Nord Bank, Trigranit, Erste Bank, Sogeprom, Infusion, Takko Fashion, Anchor Group Contact: Mona Musat, Managing Partner. Email: mona.musat@musat.ro Contact: Monia Dobrescu, Partner E-mail: monia.dobrescu@musat.ro

Energy & Natural Resources: ■ Advising Sterling Resources LTD on signing a

sale-purchase agreement with ExxonMobil Exploration, Production Romania Limited and OMV Petrom SA for the sale of its 65% interest in the deep water area of Block 15 Midia in the Romanian Black Sea ■ Assisting Nereo Green Capital regarding the develop-

ment of a wind power plant in Romania, with a total installed capacity of 400 MW ■ Retained by Petrofac LTD. in connection with the

implementation of the production enhancement con-tract awarded by OMV Petrom for the re-development of nine mature oilfields in Romania

Key clients: Shah Deniz Consortium, Nereo Green Capital, Schlumberger, Sterling Resources Ltd, Petrofac LTD, Enel Group, Electrica SA, Complex Energetic Oltenia, Complex Energetic Hunedoara. Contact: Miruna Suciu, Partner Email: miruna.suciu@musat.roContact: Cleopatra Leahu, Partner. E-mail: cleopatra.leahu@musat.ro

EU & Antitrust: ■ Appointed by the Competition Council as a monitor-

ing trustee for supervising the commitments under-taken by Orange Romania and its distributors during two investigation procedures launched thereby on the pre-paid product and services market in Romania ■ Assisting Roche Romania in relation to the first

investigation in Romania dealing with an alleged abuse of dominance in the pharmaceuticals industry ■ Retained by GDF Energy Romania S.A. in connection

with an investigation launched by the Competition Council for an alleged abuse of dominant position

Key clients: Orange, United Romanian Breweries Bereprod (Tuborg Romania), Generali Holding AG, GDF, Muller Dairy, Roche, Colas, McCann Erickson, United Media, Electrolux. Contact: Anca Buta Musat, Partner. Email: anca.buta@musat.ro

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PrACtiCe AreASMergers & Acquisitions / Privatisation Banking & Finance Corporate & Commercial Law Energy & Natural Resources EnvironmentCapital Markets & SecuritiesReal Estate & ConstructionTelecom, IT & MediaCompetition & AntitrustIntellectual PropertyLabour & Employee BenefitsInfrastructure & PPP / Public ProcurementTaxationHealthcare & Pharma Dispute Resolution White Collar CrimeRestructuring & Insolvency InsuranceTransport Law

OFFiCeS

ROMANIA:BUCHAreSt:43AviatorilorBoulevard,1stDistrict,Code011853,BucharestTel:+40212025900Fax:+40212233957Email:general@musat.roWebsite:www.musat.ro

CLUJ:18-20DorobantilorSt.,6thfloor,Cluj-Napoca,Code400117,ClujTel:+40264403808Fax:+40264403809

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NESTOR NESTOR DICULESCU KINGSTON PETERSEN

www.nndkp.ro tel: +40 21 201 12 00 fax: +40 21 201 12 10

Managing Partners: Manuela M Nestor and Ion I NestorNumber of partners: 19 Number of lawyers: 120Languages: English, French, Romanian

Firm Overview:Nestor Nestor Diculescu Kingston Petersen (NNDKP) is one of the largest, most reputed law firms in Romania, providing integrated legal and tax advisory services. NNDKP is a founding member of The South East Europe Legal Group (SEE Legal) and the exclusive Romanian member of Lex Mundi and World Services Group (WSG).

Main Areas of Practice:

Banking, Finance & Capital Markets:2 partners; 10 fee earners

■ Assistance to a major Romanian bank in relation to the restructuring of a portfolio of loans in excess of EUR170 million for a conglomerate of companies with common interest operating in various industries in Romania; the transaction also involved a new financing component ■ Assistance to a leading global investment banking

and securities brokerage firm in connection with a high-yield bond offering of a multinational corporation, guaranteed by various subsidiaries including the Romanian subsidiary (value EUR180 million) ■ Advice to the lenders in connection with a financing

of EUR800 million and related security arrangements for an important group operating in the medical industry

Contacts: manuela.nestor@nndkp.ro; alina.radu@nndkp.ro

Competition:1 partner; 3 fee earners

■ Representation of the two leaders of the large household appliances and, respectively, of the small household appliances markets with the challenge in court of the fines applied to each of them by the Competition Council ■ Representation of several major companies active

in the FMCG sector in the Competition Council’s investigation targeted at retailers and suppliers in the sale of food products

Contact: georgeta.dinu@nndkp.ro

Corporate / M&A:4 partners; 21 fee earners

■ Advice to a major Romanian insurance company in connection with the first-of-its-kind acquisition of the local operations of an international player in the financial sector ■ Divestiture by a significant local low-cost carrier of its

entire passenger low-cost air transportation business ■ Advice to a Fortune 100 company activating in the

agribusiness industry in relation to the extension of their activities in Romania by way of a share deal and an asset deal transaction with the ultimate goal of acquir-ing rights in relation to strategic operations facilities

Contacts: adriana.gaspar@nndkp.ro; gabriela.cacerea@nndkp.ro; ruxandra.bologa@nndkp.ro; adina.chilim-dumitriu@nndkp.ro

Dispute Resolution:6 partners; 35 fee earners

■ Representation of one of the largest real estate developers in Romania in connection with a complex matter resulting of the criminal investigation with respect to the issuance of the property title ■ Management of the legal issues (including coordinat-

ing the administrative and Court procedures) in relation

to legalising the regime governing Cathedral Plaza, one of the most expensive office buildings in Bucharest, for which building permits had been annulled by Romanian Courts ■ Representation of a leading oil company as the major

creditor in the insolvency procedure of an important player in the field of oil & gas maintenance services, leading to a complex fiscal dispute.

Contact: ana.diculescu@nndkp.ro

Employment:1 partner; 6 fee earners

■ Assistance in relation to the transfer of employees strategy in the process of selling a leading global bank’s corporate banking activity ■ Assistance to a major international producer and

distributor of pharmaceutical products in implementing a collective dismissal process

Contact: luminita.dima@nndkp.ro

Energy:3 partners; 10 fee earners

■ Assistance to a full-service energy project developer with respect to the development of wind and solar energy projects in Romania and their joint venture cooperation with local entrepreneurs ■ Advice to an oil & gas company in matters related

to its offshore exploration and production activities, including construction and permitting, farm-in agreements, amendment of a concession agreement, marketing and sale of gas

Contacts: ruxandra.bologa@nndkp.ro; gabriela.cacerea@nndkp.ro; adina.chilim-dumitriu@nndkp.ro

Environment:1 partner; 5 fee earners

■ Assistance to a leading car manufacturer in day to day permitting, waste and groundwater matters ■ Assistance to an oil and gas company in various

environmental matters related to offshore exploration and production activities

Contact: roxana.ionescu@nndkp.ro

Infrastructure & Public Procurement:2 partners; 12 fee earners

■ Assistance to the joint venture formed by two Spanish construction companies and a French incinerators / water treatment plants supplier in relation to its participation in the public procurement procedure for the award of the design and execution of works for the extension of Glina water treatment plant and the construction of a sludge incinerator ■ Successful legal assistance to an Austrian construction

company before CNSC and Bucharest Court of Appeal in maintaining the winning bidder position against two challenges submitted by other tenderers in respect of the procedure for the design and execution of Sebes-Turda motorway, Lot 4

Contacts: adriana.gaspar@nndkp.ro; adina.chilim-dumitriu@nndkp.ro

Intellectual Property:1 partner; 7 fee earners

■ Long and successful dispute of an important oral care multinational company against the parallel importer bringing products from markets outside EU ■ Settlement of a long lasting trademark dispute

between a multinational insurance company and an important local service provider

Contact: ana-maria.baciu@nndkp.ro

Pharmaceutical & Healthcare:1 partner; 4 fee earners

■ Regular assistance provided to all the firm’s major clients in the context of the implementation by the Romanian authorities of the clawback mechanism; successful assistance to clients in challenging the decision of the authorities in the context of clawback contribution ■ Advice on Romanian legal and tax matters to a multi-

national pharmaceutical producer in the worldwide transfer of its OTC business to another company in the sector

Contact: ana-maria.baciu@nndkp.ro

Real Estate:1 partner; 9 fee earners

■ Assistance to a major real estate developer in the acquisition of three companies owning two class A office buildings located in Bucharest’s business hub, with a combined GLA of approximately 80,000 sqm and a modern residential complex in their proximity ■ Assistance to a major real estate player in the acquisi-

tion, from a major local pharma operator, of a land area of approximately 23,000 sqm located in the most modern and high-quality office district in Bucharest, in order to build a business campus with a total GLA of 105,000 sqm of office and retail space ■ Advice to a major real estate developer in relation to

the leasing of a 16,000 sqm office space to a top telecom operator

Contact: ioana.niculeasa@nndkp.ro

Taxation:3 partners; 20 tax lawyers and tax advisors

■ Tax assistance for the restructuring of a major media and entertainment Romanian player (including a large group of media production and distribution companies, as well as TV and radio stations) ■ Successful assistance to an important international

bank in selling its corporate banking activity as part of a complex restructuring process ■ Advice to a major private equity fund in a share deal

concerning 7,300 ha of agricultural land in connection with the tax due diligence on the target company as well as of advising on the tax implications derived by the target’s debt portfolio restructuring

Contacts: ana-maria.miron@nndkp.ro; alina.timofti@nndkp.ro; marius.ionescu@nndkp.ro

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OFFices

ROMANIABuchArest:Tel:+40212011200Fax:+40212011210Email:office@nndkp.ro

tiMisOArA: Tel:+40256202133Fax:+40256202146Email:office.timisoara@nndkp.ro

cluj-NAPOcA: Tel:+40364229000Fax:+40364229005Email:office.cluj@nndkp.ro

BrAsOv: Tel:+40268547824Fax:+40268547822Email:office.brasov@nndkp.ro

crAiOvA:Tel:+40351228000Fax:+40351228005Email:office.craiova@nndkp.ro

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NOERR

www.noerr.com tel: +40 21 3125888 fax: : +40 21 3125889

Managing Partners: Tobias Bürgers, Alexander RitvayOffice Managing Partner: Jörg MenzerNumber of partners worldwide: 180Number of professionals worldwide: 500

Firm Overview:Noerr is one of the top European law firms with 500 professionals in Germany, Europe and the USA. The firm delivers real value to its clients by devising and handling the right solutions to complex and sophisticated legal matters. The Noerr difference is its unique combination of legal excellence, creative thinking, international experience and in-depth industry knowledge.Listed groups and multinational companies, large and medium-sized family businesses as well as financial institutions and international investors rely on Noerr.

Main Areas of Practice: ■ Antitrust & Competition ■ Banking & Finance ■ Capital Markets ■ Compliance & Investigations ■ Corporate / Mergers & Acquisitions ■ Employment & Pensions ■ Intellectual Property: Trademarks & Patents ■ International Trade ■ Litigation, Arbitration & ADR ■ Regulatory & Governmental Affairs ■ Restructuring & Insolvency ■ Tax & Private Clients

Industries & Solutions: ■ Advisory ■ Automotive & New Mobility ■ Distribution & Franchise Systems, E-Commerce ■ Energy ■ Healthcare ■ Insurance & Reinsurance ■ IT, Outsourcing & Data Privacy ■ Media, Sports & Entertainment ■ Private Equity & Venture Capital ■ Telecommunications ■ The Real Estate Investment Group

Interdisciplinary Solutions:Together with its tax advisors, auditors and manage-ment consultants, the firm also develops sustainable solutions for finance and management by devising integrated solutions tailored to the specific require-ments of its clients. This interdisciplinary approach offers its clients seamless, efficient and comprehensive solutions.

Industry Know-How:The firm understands the businesses of its clients: besides their excellent professional knowledge, its experts also have extensive experience in the industries they advise. The firm’s sector groups range from automotive, energy, banking, finance and insurance, to healthcare, real estate and retail.

Capacity in Central and Eastern Europe: The firm is present with its own offices in all major capitals in Central and Eastern Europe. As one of the first Western law firms to open offices in the region, the firm has continuously built on this lead and regularly advises on greenfield investments, joint ventures, acquisitions and divestments in Central and Eastern Europe by investors from all over the world. With more than 100 professionals, Noerr is one of the top law firms in the region.

Bucharest Office:Noerr´s Bucharest office, founded in 1998, is today one of the leading integrated advisory firms in Romania. The firm provides integrated legal, tax and financial advisory services

International Network:The firm guarantees top-level international legal advice with its own offices in eleven jurisdictions and a network of top ranked ‘best friends’ law firms all over the world. Noerr is also the exclusive member firm in Germany for Lex Mundi, the leading network of independent law firms with in-depth experience in 100+ countries worldwide.

Org ID: 114505 4 Out Authorised by: ......................................................................................... Date: ............................

OFFIces

BELGIUMBRUsseLs: Tel: +32 2 2745570 Email: dominik.wendel@noerr.com

CZECH REPUBLICPRAGUe: Tel: +420 233 112111 Email: barbara.kusak@noerr.com

GERMANYBeRLIN: Tel: +49 30 20942000 Email: hanschristian.kirchner@noerr.com

DResDeN: Tel: +49 351 816600 Email: jens.gehlich@noerr.com

DÜsseLDORF: Tel: +49 211 499860 Email: andreas.butz@noerr.com

FRANKFURT: Tel: +49 69 9714770 Email: torsten.fett@noerr.com

MUNIcH: Tel: +49 89 286280 Email: alexander.liegl@noerr.com

HUNGARYBUDAPesT: Tel: +36 1 2240900 Email: zoltan.nadasdy@noerr.com

POLANDWARsAW: Tel: +48 22 5793060 Email: jacek.bak@noerr.com

ROMANIABUcHAResT: Tel: +40 21 3125888 Email: joerg.menzer@noerr.com

RUSSIAMOscOW: Tel: +7 495 7995696 Email: stefan.weber@noerr.com

SLOVAKIABRATIsLAVA: Tel: +421 2 59101010 Email: pavol.rak@noerr.com

SPAINALIcANTe: Tel: +34 965 980480 Email: tobias.dolde@noerr.com

UKLONDON: Tel: +44 20 75624330 Email: thomas.schulz@noerr.com

USANeW YORK: Tel: +1 212 4331396 Email: ronald.frohne@noerr.com

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PeliFiliP

www.pelifilip.com tel: +40 21 527 2000 fax: +40 21 527 2001

Managing Partner: Francisc PeliNumber of partners: 8Number of lawyers: 65Languages: English, French, Romanian

Firm Overview:Peli Filip is a leading Romanian law firm which provides top-quality assistance in virtually all areas of law relevant for businesses operating in or targeting Romania. Peli Filip lawyers are highly reputed specialists in Romania and were involved on the majority of innovative and large transactions in Romania in the past 10 years. Peli Filip is recognised for its pro-activity, commitment to finding creative legal solutions for its clients, in-depth knowledge of the clients’ businesses and consistent focus on pushing transactions to a successful completion.

Main Areas of Practice:

Mergers & Acquisitions & General Corporate6 partners, 19 fee earners

■ Advising CVC Capital Partners in the local compo-nent of its leveraged acquisition of the operations of the brewer InBev, a regional transaction with an enterprise value of US$2.2 billion and additional rights to a future payment estimated to be as much as US$800 million ■ Advising Fortune 500 US financial group in connec-

tion with a joint venture over the Romanian operations (banking and consumer finance sectors) between two non-EU financial groups, forming a large integrated financial group in Romania ■ Advising leading US confectionery group in its bid for

the potential acquisition of Cadbury RomaniaKey Clients: CVC Capital Partners, Tiriac Group, GE Capital, RCS & RDS S.A.Contact: Cristina Filip Tel: +40 21 527 2003Email: cristina.filip@pelifilip.comContact: Carmen Peli Tel: +40 21 527 2004Email: carmen.peli@pelifilip.comContact: Alexandru Birsan Tel: +40 21 527 2005Email: alexandru.birsan@pelifilip.comContact: Ioan Dumitrascu Tel: +40 21 527 2006Email: ioan.dumitrascu@pelifilip.com

Finance:2 partners, 12 fee-earners

■ Advising ING, BRD Société Générale, RBS, Raiffeisen and Unicredit as mandated lead arrangers in the US$206 million facility to RCS & RDS ■ Assisting RBS, Fortis Bank, Unicredit, Eurobank EFG

and BNP Paribas in the €125 million facility to RCS & RDS ■ Advising Tiriac Group in relation to aggregate €300

million financing from UniCredit Bank Autria ■ Advising CVC Capital Partners in the local

component of a €690 million acquisition financing package related to the acquisition of the operations of the brewer InBev, a regional transaction with an enterprise value of US$2.2 billion

Key Clients: Citibank, BRD Societe Generale, ING Bank, HSBC, Unicredit, Belrom Real Estate, RBSContact: Carmen Peli Tel: +40 21 527 2004Email: carmen.peli@pelifilip.comContact: Alexandru Birsan Tel: +40 21 527 2005Email: alexandru.birsan@pelifilip.com

Real Estate:1 partner, 11 fee earners

■ Advising Globe Trade Center in the development of City Gate office building in a project valued at €100 million ■ Advising AIG/Lincoln in joint venture with Fabian

Romania Property Fund/Black Sea Global Properties Ltd in the development and leasing of Lakeview Office Building in a project valued at €50 million ■ Advising AEW Europe, subsidiary of Natixis Global

Asset Management, in relation to management of

projects valued at €190 million ■ Advising ID Grup in the development and leasing of

two business parks totalling 160,000 sq m of office spaceKey Clients: AIG/Lincoln, GTC, AEW Europe, Prologis, ID Group, BelRom, ARGO Real Estate, Cascade GroupContact: Francisc Peli Tel: +40 21 527 2002Email: francisc.peli@pelifilip.com

Energy and Projects4 partners, 12 fee earners

■ Advising a potential strategic investor in the project for the development of 740 MW nuclear power new units 3 and 4 in Cernavoda ■ Advising the winning consortium Vinci-Aktor

in entering and exiting the PPP agreement for the construction and operation of Comarnic-Brasov motorway ■ Advising leading European utility companies in

acquisition plans for aggregate wind farm capacity of 450 MW ■ Advising renewable power developers in their sale

plans of wind farm for aggregate wind farm capacity of 500 MW

Key Clients: Petrom OMV, Continental Wind Partners, Steag, Eximprod, E-Power, WPD, Enhol Group, Vinci, Aktor, Veolia, TedaguaContact: Francisc Peli Tel: +40 21 527 2002Email: francisc.peli@pelifilip.comContact: Cristina Filip Tel: +40 21 527 2003Email: cristina.filip@pelifilip.comContact: Alina Stancu Birsan Tel: +40 21 527 2007Email: alina.stancu_birsan@pelifilip.comContact: Monica Iancu Tel: +40 21 527 2009Email: monica.iancu@pelifilip.com

Dispute Resolution:3 partners, 11 fee-earners

■ Representing Romanian real estate developer in international arbitration and settlement of litigious claims amounting to €34 million, arising from a1999 FIDIC Red Book Contract for the development of a 200,000m2 residential compound ■ Representing local real estate developer in an

international arbitration amounting to €23 million, arising from a 1987 FIDIC Red Book Contract for the development of an A class office building ■ Representing major real estate developer in a tax

dispute regarding the application of VAT legislationKey Clients: Coca-Cola, Tiriac Group, AIG/ Lincoln, GTC Contact: Catalin Alexandru Tel: +40 21 527 2028Email: catalin.alexandru@pelifilip.com

Competition:1 partner, 7 fee-earners

■ Advising major pharmaceutical supplier in relation to two investigations on the pharmaceutical market regarding vertical agreements with distributors ■ Advising major mobile telecommunication company

in connection to various anti-trust matters, including

investigations on the prepaid products market ■ Advising major Chinese motor vehicle manufacturer

in connection to its entry on the Romanian and EU markets ■ Advising leading pharmaceutical supplier in the

restructuring of its distribution contractsKey Clients: Bayer, Rautakirja Oy (Sanoma Group), RUCODEM, Vodafone, Edenred, Saint Gobain Glass, PepsiContact: Carmen Peli Tel: +40 21 527 2004Email: carmen.peli@pelifilip.com

Commercial:4 partners, 8 fee-earners

■ Advising leading telecommunications operator in relation to the restructuring of its dealers network, including advice with respect to the distribution system, security means, dealer selection and remuneration, drafting contracts, various commercial agreements, including supply, repair and service, and dealer issues ■ Advising leading European pharmaceutical manu-

facturer with respect to various commercial matters, including hospital tenders and special offers

Key Clients: Bayer, MJ Maillis, IMI International Co Contact: Carmen Peli Tel: +40 21 527 2004Email: carmen.peli@pelifilip.comContact: Cristina Filip Tel: +40 21 527 2003Email: cristina.filip@pelifilip.comContact: Ioan Dumitrascu Tel: +40 21 527 2006Email: ioan.dumitrascu@pelifilip.comContact: Monica Iancu Tel: +40 21 527 2009Email: monica.iancu@pelifilip.com

Employment:1 Partner, 5 fee-earners

■ Advising major automotive company in an organ-isational transition process, restructuring of jobs and employment relationships, collective negotiations at company level and at industry level, in the context of significant changes in the Romanian labour law ■ Advising major cosmetic producer in restructuring its

work force pursuant to changes in market structure ■ Advising market leader in soft-drinks and mineral

water in contentious labour matters, including union legitimacy ■ Advising international brewery group in the collective

redundancies at two production units, closure of production units and outsourcing of activities

Key Clients: Ford, Bayer, Coca-Cola HBC, MJ Maillis, Bergenbier, L’Oreal, IMI International CoContact: Ioan Dumitrascu Tel: +40 21 527 2006Email: ioan.dumitrascu@pelifilip.com

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PRACTICE AREASMergers & Acquisitions & General CorporateBanking & Capital MarketsReal EstateEnergy & Natural ResourcesProjectsDispute ResolutionCompetitionCommercial & IPEmployment

OFFICES:

ROMANIABuChAREST: SkyTowerBuilding,15thFloor,District1,014476Tel:+40215272000Fax:+40215272001Email:office@pelifilip.com

Romania Leading Law Firms� www.chambersandpartners.com

2134

romania www.chambersandpartners.com

POPOVICI NITU & ASOCIATII

www.pnpartners.ro tel: +40 21 317 79 19 fax: +40 21 317 85 00

Managing Partner: Florian NituNumber of Partners: 10Number of Lawyers: 80Languages: English, French, Italian, Romanian

Firm OverviewPopovici Nitu & Asociatii is a leading Romanian independent law firm. Established in 1995, as one of the first incorporated partnerships, the firm brings together strong local resources, with exceptional credentials, outstanding records and distinguished careers in law, business and academia. The Bucharest office groups today 80 qualified lawyers and tax advisors.Focusing traditionally to the private sector and to foreign investment projects, Popovici Nitu & Asociatii is acknowledged by the vast majority of observers and peers as “the transactional law firm” among the market leaders. The Firm has constantly been involved in the majority of the M&A transactions from Romania in various industries such as Energy, Healthcare, Retail, IT, Financial Services, Telecom and Real Estate.In 2013, DealWatch reconfirmed again (for the 5th consecutive year) the reputation as top M&A legal advisor in Romania, by number of deals successfully concluded.

Main Areas of PracticeCompetition & Antitrust2 Partners, 5 fee earners based in Romania

■ A Swiss grains trader on the investigation launched by the Competition Council regarding an alleged price fixing cartel ■ A US hardware manufacturer on the investigation

launched by the Competition Council regarding an alleged abuse of dominance on the supplies market for printers ■ A Belgium food retailer on the investigation launched

by the Competition Council regarding an alleged price fixing on the food retail market ■ A German engineering and  electronics company on

the investigation launched by the Competition Council regarding an alleged price fixing practice on the market for waste electrical and electronic equipment ■ A dairy manufacturer on the investigations launched

by the Competition Council regarding alleged price fixing practices on the food retail market, as well as cartel and bid rigging in public procurement projects

Key clients: Ameropa, Albalact, Aviva, Cargill, Farmexim, Fresenius, Hewlett-Packard, Linde Gas, Mega Image, Oresa VenturesContact: Silviu Stoica / Mihaela Ion Tel: +40 21 317 79 19E-mail: silviu.stoica@pnpartners.ro / mihaela.ion@pnpartners.ro

International Arbitration:1 Partner, 5 fee earners based in Romania

■ Representation of a Dutch developer of wind farms in an arbitration conducted under ICC rules against the supplier of the turbines ■ Representation of an US IT&C integrator in an

arbitration deriving from the delivery of an IT system. ■ An affiliate of the largest real estate investor in

CEE – legal assistance and representation in a complex

cross-border arbitration conducted under ICC rules and arising out of a sale purchase agreements in relation to investments in real estate retail projects ■ The largest Romanian infrastructure company in

several arbitration disputes under various construction agreements

Contact: Florian Nitu Tel: +40 21 317 79 19E-mail: florian.nitu@pnpartners.ro

Litigation:2 Partners, 25 fee earners based in Romania

■ Property Fund - an investment fund managed by Franklin Templeton London - in dozens of corporate, administrative or energy related disputes concerning the protection of its interest (as a minority shareholder) in various companies controlled by the Romanian State ■ Ove Arup & Partners International Limited London

Bucharest Branch on various disputes in connection with the Consultancy services agreements for the rehabilitation of the Historical Centre of Bucharest and Spitalul Foisor ■ Zahărul Luduş, a company of Tereos Group, on

administrative disputes regarding the annulment and suspension of the Order issued by the Ministry of Agriculture and Rural Development on production quotas for the sugar market ■ Immofinanz AG in all its fiscal, commercial and

corporate arbitration files including ICC Paris arbitration

Key clients: Air France, Auchan, Cargill, Deutsche Leasing, Erste Group, Hochtief, Immofinanz, KBC Bank, Property Fund, Rabo Bank, SIVECO Romania, VolksbankContact: Ciprian Dontu / Ilinca Stefanescu Tel: +40 21 317 79 19E-mail: ciprian.dontu@pnpartners.ro / ilinca.stefa-nescu@pnpartners.ro

Mergers & Acquisitions/Privatisation:Partners, 24 fee earners based in Romania

■ Siveco International SA on the acquisition of the entire share stock held by Intel Capital Corporation and PEF V Information Technology SARL in SIVECO Romania. ■ French group Adeo (owner of Leroy Merlin) on the

acquisition of the Romanian business of Baumax (15 Do It Yourself stores) ■ The Polish investment fund Innova Capital on the

acquisition of Supercard Solutions & Services ■ EBS on its sale to the Japanese group NTT Data. ■ ProSiebenSat.1 on the sale of Prima TV channel. ■ ProSiebenSat.1 on the sale of Kiss TV and Kiss FM,

Magic FM, One FM and Rock FM radio stationsKey clients: Auchan, Adeo Group, Cargill, Fresenius, Innova Capital, Medicover, Oresa Ventures, Rabo Bank GroupContact: Florian Nitu / Bogdan C. Stoica / Vlad Neacsu / Silviu StoicaTel: +40 21 317 79 19E-mail: florian.nitu@pnpartners.ro / bogdan.stoica@pnpartners.ro / vlad.neacsu@pnpartners.ro / silviu.stoica@pnpartners.ro

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PRACTICE AREASBanking & FinanceCapital MarketsCompetition & AntitrustCorporate & CommercialElectronic Communications, IT & MediaEmployment & PensionsEnergy & Natural ResourcesHealthcare & PharmaceuticalsInsuranceIntellectual PropertyInternational ArbitrationLitigation Mergers & Acquisitions/PrivatizationProject Finance/PPP, Concessions & InfrastructurePublic ProcurementReal EstateRestructuring & InsolvencyTax

OFFICES

ROMANIA BuChAREST:239CaleaDorobanti,6thFloor,1stDistrictPostalCode010567Tel:+40213177919Fax:+40213178500Email:office@pnpartners.ro

www.chambersandpartners.com� Leading Law Firms Romania

2135

romania www.chambersandpartners.com

Zamfirescu racoȚţi &

Partners attorneys at Law

www.zrp.ro tel: + 40 21 311 05 17 fax: + 40 21 311 05 19

Managing Partner: Cosmin VasileNumber of partners: 6Number of lawyers: 47Languages: English, French, Romanian

Firm Overview:One of Romania’s top law firms, Zamfirescu Racoţi & Partners Attorneys at Law (ZRP) stands as a provider of the most comprehensive portfolio of legal services on the market, with highly reputed lawyers and widely recognised expertise in business law and litigation. Founded in 2005 by merger of two law firms, both established in 1995, ZRP offers high quality and effective services in both consultancy and litigation areas, integrated through the knowledge and expertise of cross-practice industry teams.

Main Areas Of Practice:

Banking & Finance: ■ EUR 50 million facility tailored for the financing

requirements of Alro, with a security structure centred on guarantees issued in State’s name

Contact: Ioana RacoţiEmail: ioana.racoti@zrp.ro

Dispute Resolution: ■ Successful representation of Tender in an ICC dispute

regarding a fidejussor’s post-privatisation related obligations, now reference case law on the effects of the debtor’s insolvency on the fidejussor’s statute of limitation defence ■ Representation of Avante Espacia in a high-profile and

high-stake contractual real-estate dispute related to a sell-purchase agreement of a EUR 60 Million real-estate project, prevailing with its pleading on the correct interpretation of the provisions regulating the accession and utilisation of non-reimbursable European funds ■ Successful representation of the Office for State

Participation and Privatisation in Industry (OPSPI) in the dispute between Cupru Min Abrud against Ener-gomineral in the motion for annulment by which, in the procedure of insolvency of Cupru Min, the annulment of an agreement for imbalance clause was requested. The case file was solved finally and irrevocably in April 2014, the claim against Cupru Min being rejected, ZRP exonerating Cupru Min from the payment of EUR 17.3 million

Contact: Călin-Andrei ZamfirescuEmail: calin.zamfirescu@zrp.ro

Energy & Natural Resources: ■ Assistance of Alro in the tender procedure organised

by Hidroelectrica S.A. regarding the sale of small hydropower plants ■ Assistance of Vimetco Power Romania in building and

commissioning a 250 MW combined cycle gas turbine power plant at the existing Alum S.A. alumina refinery plant in Tulcea

Contact: Ioana RacoţiEmail: ioana.racoti@zrp.ro

Employment: ■ Assistance of Nextebank in the first ad integrum

reorganization in Romania ■ Assistance of Gazpromneft Marine Bunker Balkan

with regard to labour law matters ■ Assistance of adidas Romania in the process of

personnel restructuring procedures ■ Assistance of Unicredit Tiriac Bank in labour disputes

regarding personnel restructuring, disciplinary procedures and labour rights

Contact: Cătălin MicuEmail: catalin.micu@zrp.ro

Intellectual Property: ■ Representation of OMV Petrom vs Inventors in a

complex litigation case, pending with Supreme Court of Justice, which involves complex law issues, both procedural and on the merits ■ Representation of GlaxoSmithKline Romania in a

trademark cancellation claim ■ Representation of Danya Cosmetics Ltd. and

Universal Cosmetics Romania in an important litigation case having as object material and moral damages for false infringement accusations regarding the clients’ trademark

Contact: Cosmin VasileEmail: cosmin.vasile@zrp.ro

Mergers & Acquisitions: ■ Assistance of financial investor capiton AG on

the acquisition of Dynea Resins Romania, part of Dynea-Group ■ Assistance of Complexul Energetic Hunedoara in the

merger by absorption with Societatea Naţională a HuileiContact: Anca DanilescuEmail: anca.danilescu@zrp.ro

Restructuring & Insolvency: ■ Representation of a power generation leader and the

major supplier of ancillary services required in the National Energy System in disputes with electric energy traders ■ Representation of the Office of State Ownership

and Privatisation in Industry in the insolvency procedure of Cupru Min Abrud ■ Representation of Mechel Câmpia Turzii, part of

Mechel Group, in the insolvency procedure ■ Representation of Bancpost in the insolvency

procedure of debtor Regia Autonomă pentru Activităţi Nucleare

Contact: Stan TîrnoveanuEmail: stan.tirnoveanu@zrp.ro

Org ID: 1681 4 Out Authorised by: ......................................................................................... Date: ............................

PRACTICE AREASBanking & FinanceCompetitionDispute ResolutionEmploymentEnergy & Natural ResourcesGeneral Corporate / CommercialIntellectual PropertyMergers & AcquisitionsPublic Procurement / PPPReal EstateRegulatory Legal ServicesRestructuring & InsolvencySecurities & Capital MarketsTaxWhite-Collar Crime

OFFICES:

ROMANIABUCHAREST:12PlantelorStreet.023974,District2Tel:+40213110517Fax:+40213110519Email:office@zrp.ro