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TAX + LEGAL CONFERENCE & WORKSHOPS: THE BUSINESS IMPACT OF LEGISLATIVE AND FISCAL CHANGES, ed. I The impact of the latest regulatory changes shaping the legal and the fiscal world will be discussed during an event hosted by Tuca Zbarcea & Asociatii law firm and its tax arm – Tuca Zbarcea & Asociatii Tax, organised with support from Ziarul Financiar. Confirmed speakers include Romania’s President of the National Agency for Fiscal Administration, Mrs. Mirela Calugareanu, Raiffeisen Bank’s Chief Economist, Mr. Ionut Dumitru. Also, in a local first, Mrs. Maricla Pennesi, European Tax Coordinator of Andersen and Head of Tax Italy – Andersen Tax & Legal, Italy will join the Bucharest event. The impact of the latest regulatory changes shaping the legal and the fiscal world will be discussed during an event hosted by Tuca Zbarcea & Asociatii law firm and its tax arm – Tuca Zbarcea & Asociatii Tax, organised with support from Ziarul Financiar. Confirmed speakers include Romania’s President of the National Agency for Fiscal Administration, Mrs. Mirela Calugareanu, Raiffeisen Bank’s Chief Economist, Mr. Ionut Dumitru. Also, in a local first, Mrs. Maricla Pennesi, European Tax Coordinator of Andersen and Head of Tax Italy – Andersen Tax & Legal, Italy will join the Bucharest event. TAX + LEGAL CONFERENCE & WORKSHOPS: THE BUSINESS IMPACT OF LEGISLATIVE AND FISCAL CHANGES, ed. I is held at JW Marriott Hotel in Bucharest, on Wednesday, 2 October, from 9:30 to 13:30 and is intended to approach the hottest topics of the day in taxation and law, the long-term opportunities and challenges in these areas and the international trends with a business impact on Romania. Main conference topics: A perspective on the present and future of tax administration and its interaction with taxpayers; Trends on the European market of tax and legal consulting. Andersen Global in an international context; Salient macroeconomic features of Romania; Romania’s key strengths in attracting investors; Ups and downs of the Romanian tax system. The reality of today and future prospects. The main conference is followed by two parallel Tax and Legal Workshops focusing on the following topics: Developments in international taxation and their consequences on national law; Transfer prices: local trends in a global context; Novelties in EC laws on VAT; Controversies regarding the suspension of contentious-administrative deeds; Risks incurred by private companies from a criminal law perspective; GDPR – Myths and prophecies. TAX + LEGAL CONFERENCE & WORKSHOPS: THE BUSINESS IMPACT OF LEGISLATIVE AND FISCAL CHANGES, ed. I is one of a series of similar events using a multidisciplinary approach to tackle the hottest topics with an impact on the business environment that Tuca Zbarcea & Asociatii and its tax arm – Tuca Zbarcea & Asociatii Tax is organising. NOTE: This is an invitation-only event, addressed to C-level executives and top management from local and multinational companies, such as Chief Executive Officers, Chief Financial Officers and General Counsels. This is a free event, but participation must be confirmed in advance by the organisers. Please refer to http://evenimente.zf.ro/eveniment-tax-legal-conference-workshops-impactul-schimbarilor-legislative-si-fiscale-in-business-ed.-i--18397540/agenda-18404769 for further details regarding the agenda.
September 19, 2019
TAX + LEGAL CONFERENCE & WORKSHOPS: THE BUSINESS IMPACT OF LEGISLATIVE AND FISCAL CHANGES, ed. I
The impact of the latest regulatory changes shaping the legal and the fiscal world will be discussed during an event hosted by Țuca Zbârcea & Asociații law firm and its tax arm – Țuca Zbârcea & Asociații Tax, organised with support from Ziarul Financiar. Confirmed speakers include Romania’s President of the National Agency for Fiscal Administration, Mrs. Mirela Călugăreanu, Raiffeisen Bank’s Chief Economist, Mr. Ionuț Dumitru. Also, in a local first, Mrs. Maricla Pennesi, European Tax Coordinator of Andersen and Head of Tax Italy – Andersen Tax & Legal, Italy will join the Bucharest event. [+]

Tax and Legal Conference & Workshops 2019_TZA_Andersen_EN_1The impact of the latest regulatory changes shaping the legal and the fiscal world will be discussed during an event hosted by Țuca Zbârcea & Asociații law firm and its tax arm – Țuca Zbârcea & Asociații Tax, organised with support from Ziarul Financiar. Confirmed speakers include Romania’s President of the National Agency for Fiscal Administration, Mrs. Mirela Călugăreanu, Raiffeisen Bank’s Chief Economist, Mr. Ionuț Dumitru. Also, in a local first, Mrs. Maricla Pennesi, European Tax Coordinator of Andersen and Head of Tax Italy – Andersen Tax & Legal, Italy will join the Bucharest event.

TAX + LEGAL CONFERENCE & WORKSHOPS: THE BUSINESS IMPACT OF LEGISLATIVE AND FISCAL CHANGES, ed. I is held at JW Marriott Hotel in Bucharest, on Wednesday, 2 October, from 9:30 to 13:30 and is intended to approach the hottest topics of the day in taxation and law, the long-term opportunities and challenges in these areas and the international trends with a business impact on Romania.

Main conference topics: A perspective on the present and future of tax administration and its interaction with taxpayers; Trends on the European market of tax and legal consulting. Andersen Global in an international context; Salient macroeconomic features of Romania; Romania’s key strengths in attracting investors; Ups and downs of the Romanian tax system. The reality of today and future prospects.

The main conference is followed by two parallel Tax and Legal Workshops focusing on the following topics: Developments in international taxation and their consequences on national law; Transfer prices: local trends in a global context; Novelties in EC laws on VAT; Controversies regarding the suspension of contentious-administrative deeds; Risks incurred by private companies from a criminal law perspective; GDPR – Myths and prophecies.

TAX + LEGAL CONFERENCE & WORKSHOPS: THE BUSINESS IMPACT OF LEGISLATIVE AND FISCAL CHANGES, ed. I is one of a series of similar events using a multidisciplinary approach to tackle the hottest topics with an impact on the business environment that Țuca Zbârcea & Asociații and its tax arm – Țuca Zbârcea & Asociații Tax is organising.

NOTE: This is an invitation-only event, addressed to C-level executives and top management from local and multinational companies, such as Chief Executive Officers, Chief Financial Officers and General Counsels. This is a free event, but participation must be confirmed in advance by the organisers. Please refer to http://evenimente.zf.ro/eveniment-tax-legal-conference-workshops-impactul-schimbarilor-legislative-si-fiscale-in-business-ed.-i--18397540/agenda-18404769 for further details regarding the agenda.

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Tuca Zbarcea & Asociatii advised Global Technical Group on selling a majority interest to Abris Capital Partners Global Technical Group, the leading end-to-end solution provider for building management in Romania, has agreed to sell its majority stake to Abris Capital Partners. Tuca Zbarcea & Asociatii offered legal assistance on corporate and commercial, M&A, competition law, intellectual property and IT, banking law, taxation, labour law, as well as during the negotiation of conditions for the conclusion of this transaction. Global Technical Group, the leading end-to-end solution provider for building management in Romania, has agreed to sell its majority stake to Abris Capital Partners. Tuca Zbarcea & Asociatii advised Global Technical Group on a transaction by which the group of companies founded by Fadi Rida and Mihai Stanescu have successfully attracted a private equity fund manager, supported by renowned international investors, by transferring a majority stake to Abris Capital Partners. The firm offered legal assistance on corporate and commercial, M&A, competition law, intellectual property and IT, banking law, taxation, labour law, as well as during the negotiation of conditions for the conclusion of this transaction. The team of lawyers was led by Sorin Vladescu, Partner and Marius Barladeanu, Managing Associate at Tuca Zbarcea & Asociatii, with further support provided by lawyers with extensive expertise in different areas of law, among which Nisa Jecu, Managing Associate; Andreea Oprisan, Managing Associate; Raluca Sanucean, Managing Associate; Serban Paslaru, Partner; Bogdan Halcu, Managing Associate and Nicoleta Tudor, Associate. "We are delighted with the success of this project, during which we had the opportunity to work with two visionary entrepreneurs dedicated to the development of their own team and regional expansion plans, as well as the desire to offer the highest quality services and solutions. Certainly the experience and expertise of each of our lawyers from Tuca Zbarcea & Asociatii was a solid argument of us being retained as lead counsel of the Global Technical Group and at the same time a basis on which we could build a wide and complex legal structure, suited for a mergers and acquisitions type of project", said Marius Barladeanu, Managing Associate of Tuca Zbarcea & Asociatii. Following the investment from Abris Capital Partners, Global Technical Group will focus on the regional development of its unique software platforms, expanding them into new industries and markets, as well as continuing business growth by leveraging the group’s deep engineering expertise in design, installation, maintenance and operations.
July 24, 2019
Țuca Zbârcea & Asociații advised Global Technical Group on selling a majority interest to Abris Capital Partners
Global Technical Group, the leading end-to-end solution provider for building management in Romania, has agreed to sell its majority stake to Abris Capital Partners. Țuca Zbârcea & Asociații offered legal assistance on corporate and commercial, M&A, competition law, intellectual property and IT, banking law, taxation, labour law, as well as during the negotiation of conditions for the conclusion of this transaction. [+]

Global Technical Group, the leading end-to-end solution provider for building management in Romania, has agreed to sell its majority stake to Abris Capital Partners.

Țuca Zbârcea & Asociații advised Global Technical Group on a transaction by which the group of companies founded by Fadi Rida and Mihai Stănescu have successfully attracted a private equity fund manager, supported by renowned international investors, by transferring a majority stake to Abris Capital Partners.

The firm offered legal assistance on corporate and commercial, M&A, competition law, intellectual property and IT, banking law, taxation, labour law, as well as during the negotiation of conditions for the conclusion of this transaction. The team of lawyers was led by Sorin Vlădescu, Partner and Marius Bârlădeanu, Managing Associate at Țuca Zbârcea & Asociații, with further support provided by lawyers with extensive expertise in different areas of law, among which Nisa Jecu, Managing Associate; Andreea Oprișan, Managing Associate; Raluca Sănucean, Managing Associate; Șerban Pâslaru, Partner; Bogdan Halcu, Managing Associate and Nicoleta Tudor, Associate.

"We are delighted with the success of this project, during which we had the opportunity to work with two visionary entrepreneurs dedicated to the development of their own team and regional expansion plans, as well as the desire to offer the highest quality services and solutions. Certainly the experience and expertise of each of our lawyers from Țuca Zbârcea & Asociații was a solid argument of us being retained as lead counsel of the Global Technical Group and at the same time a basis on which we could build a wide and complex legal structure, suited for a mergers and acquisitions type of project", said Marius Bârlădeanu, Managing Associate of Țuca Zbârcea & Asociații.

Following the investment from Abris Capital Partners, Global Technical Group will focus on the regional development of its unique software platforms, expanding them into new industries and markets, as well as continuing business growth by leveraging the group’s deep engineering expertise in design, installation, maintenance and operations.

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Customs seizures of amounts in excess of EUR 10,000, under CJEU scrutiny A potential CJEU judgment on the non-compliance of national law with EU law, which is in fact predictable taking into account prior CJEU case law, will determine the national courts to declare unenforceable the criticized legislation and to cancel any effects thereof. According to the Romanian legal provisions, cash in excess of EUR 10,000 which is not declared before the customs authorities is seized in full and permanently. A potential CJEU judgment on the non-compliance of national law with EU law, which is in fact predictable taking into account prior CJEU case law, will determine the national courts to declare unenforceable the criticized legislation and to cancel any effects thereof. Tuca Zbarcea & Asociatii have obtained a referral to the Court of Justice of the European Union (CJEU) for a preliminary ruling on the interpretation of Article 9(1) of Regulation (EC) No. 1889/2005 of the European Parliament and of the Council of 26 October 2005 on controls of cash entering or leaving the Community. The legal team consists of Robert Rosu (Partner), Manuela Gornoviceanu (Managing Associate) and Alexandru Gogoneata (Associate). The CJEU will decide if the relevant provisions of the Regulation preclude the Romanian legal provisions according to which cash in excess of EUR 10,000 which is not declared before the customs authorities is seized in full and permanently. The CJEU will also check the compliance of national law with EU law which provides, as misdemeanour penalty, for the seizure of the entire undeclared amount in the absence of any prior or subsequent verification of the provenance or intended use of the cash, and independently of the provenance or intended use thereof.
July 11, 2019
Customs seizures of amounts in excess of EUR 10,000, under CJEU scrutiny
A potential CJEU judgment on the non-compliance of national law with EU law, which is in fact predictable taking into account prior CJEU case law, will determine the national courts to declare unenforceable the criticized legislation and to cancel any effects thereof. According to the Romanian legal provisions, cash in excess of EUR 10,000 which is not declared before the customs authorities is seized in full and permanently.
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A potential CJEU judgment on the non-compliance of national law with EU law, which is in fact predictable taking into account prior CJEU case law, will determine the national courts to declare unenforceable the criticized legislation and to cancel any effects thereof.

Țuca Zbârcea & Asociații have obtained a referral to the Court of Justice of the European Union (CJEU) for a preliminary ruling on the interpretation of Article 9(1) of Regulation (EC) No. 1889/2005 of the European Parliament and of the Council of 26 October 2005 on controls of cash entering or leaving the Community.

The legal team consists of Robert Roșu (Partner), Manuela Gornoviceanu (Managing Associate) and Alexandru Gogoneață (Associate).

The CJEU will decide if the relevant provisions of the Regulation preclude the Romanian legal provisions according to which cash in excess of EUR 10,000 which is not declared before the customs authorities is seized in full and permanently.

The CJEU will also check the compliance of national law with EU law which provides, as misdemeanour penalty, for the seizure of the entire undeclared amount in the absence of any prior or subsequent verification of the provenance or intended use of the cash, and independently of the provenance or intended use thereof.

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Tuca Zbarcea & Asociatii successfully defends Vodafone Romania in a litigation with Romania’s consumer protection authority Tuca Zbarcea & Asociatii acted for Vodafone Romania in an important litigation with the National Authority for Consumer Protection. Basically, thanks to the decision rendered by the Bucharest Court of Appeal on July 5th, 2019, Vodafone Romania obtained the suspension of the Order No. 166/02.05.2019 of the President of the National Authority for Consumer Protection (until a judgement on the merits of the case is rendered) by which Vodafone Romania was sanctioned for increasing the cost of its services/ ongoing subscriptions. Tuca Zbarcea & Asociatii acted for Vodafone Romania in an important litigation with the National Authority for Consumer Protection. Basically, thanks to the decision rendered by the Bucharest Court of Appeal on July 5th, 2019, Vodafone Romania obtained the suspension of the Order No. 166/02.05.2019 of the President of the National Authority for Consumer Protection (until a judgement on the merits of the case is rendered) by which Vodafone Romania was sanctioned for increasing the cost of its services/ ongoing subscriptions. Stefan Damian, Deputy Managing Partner (leader of the team), Ionut Serban, Partner (litigation) and Anca Jurcovan, managing associate (competition law) were part of the team from Tuca Zbarcea & Asociatii which successfully defended Vodafone Romania in this litigation.
July 8, 2019
Țuca Zbârcea & Asociații successfully defends Vodafone Romania in a litigation with Romania’s consumer protection authority

Țuca Zbârcea & Asociații acted for Vodafone Romania in an important litigation with the National Authority for Consumer Protection.

Basically, thanks to the decision rendered by the Bucharest Court of Appeal on July 5th, 2019, Vodafone Romania obtained the suspension of the Order No. 166/02.05.2019 of the President of the National Authority for Consumer Protection (until a judgement on the merits of the case is rendered) by which Vodafone Romania was sanctioned for increasing the cost of its services/ ongoing subscriptions. [+]

Țuca Zbârcea & Asociații acted for Vodafone Romania in an important litigation with the National Authority for Consumer Protection.

Basically, thanks to the decision rendered by the Bucharest Court of Appeal on July 5th, 2019, Vodafone Romania obtained the suspension of the Order No. 166/02.05.2019 of the President of the National Authority for Consumer Protection (until a judgement on the merits of the case is rendered) by which Vodafone Romania was sanctioned for increasing the cost of its services/ ongoing subscriptions.

Ștefan Damian, Deputy Managing Partner (leader of the team), Ionuț Șerban, Partner (litigation) and Anca Jurcovan, managing associate (competition law) were part of the team from Țuca Zbârcea & Asociații which successfully defended Vodafone Romania in this litigation.

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The Bucharest Court of Appeal definitively rejected the damages claims of Football Club U Craiova S.A. amounting to 300 million Euros On Tuesday, June 11, 2019, the Bucharest Court of Appeal issued a final award of dismissal on damages of about 300 million Euros requested by Football Club U Craiova S.A. further to the decision of the Romanian Football Federation to exclude this club on July 20, 2011. After 8 years of litigation, all claims of Football Club U Craiova S.A., sustained through a whole suite of procedural steps, are irrevocably proven to be unfounded. On Tuesday, June 11, 2019, the Bucharest Court of Appeal issued a final award of dismissal on damages of about 300 million Euros requested by Football Club U Craiova S.A. further to the decision of the Romanian Football Federation to exclude this club on July 20, 2011. After 8 years of litigation, all claims of Football Club U Craiova S.A., sustained through a whole suite of procedural steps, are irrevocably proven to be unfounded. In all these proceedings, FRF's defence was provided by the law firm "Tuca Zbarcea & Asociatii" – with a team led by Managing Associate Dan Cristea, and by Adrian Stangaciu, Manager of the FRF Legal Department. “This arguably is Romania’s most important sports litigation ever by reference to its duration and the value of the claims at stake. We are happy and proud to have had the opportunity of litigating this landmark case file”, stated Dan Cristea. Tuca Zbarcea & Asociatii has a dedicated team of lawyers specialising in Sports Law and is regularly representing leading player associations, professional athletes, sports event organizers, media companies, sports agencies, etc in contract negotiations and endorsement opportunities, including representation in contract disputes and other sports law related litigation, domestic and international arbitration.
June 12, 2019
The Bucharest Court of Appeal definitively rejected the damages claims of Football Club U Craiova S.A. amounting to 300 million Euros
On Tuesday, June 11, 2019, the Bucharest Court of Appeal issued a final award of dismissal on damages of about 300 million Euros requested by Football Club U Craiova S.A. further to the decision of the Romanian Football Federation to exclude this club on July 20, 2011. After 8 years of litigation, all claims of Football Club U Craiova S.A., sustained through a whole suite of procedural steps, are irrevocably proven to be unfounded. [+]

On Tuesday, June 11, 2019, the Bucharest Court of Appeal issued a final award of dismissal on damages of about 300 million Euros requested by Football Club U Craiova S.A. further to the decision of the Romanian Football Federation to exclude this club on July 20, 2011.

After 8 years of litigation, all claims of Football Club U Craiova S.A., sustained through a whole suite of procedural steps, are irrevocably proven to be unfounded.

In all these proceedings, FRF's defence was provided by the law firm "Țuca Zbârcea & Asociații" – with a team led by Managing Associate Dan Cristea, and by Adrian Stângaciu, Manager of the FRF Legal Department.

“This arguably is Romania’s most important sports litigation ever by reference to its duration and the value of the claims at stake. We are happy and proud to have had the opportunity of litigating this landmark case file”, stated Dan Cristea.

Țuca Zbârcea & Asociații has a dedicated team of lawyers specialising in Sports Law and is regularly representing leading player associations, professional athletes, sports event organizers, media companies, sports agencies, etc in contract negotiations and endorsement opportunities, including representation in contract disputes and other sports law related litigation, domestic and international arbitration.

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Tuca Zbarcea & Asociatii wins for its client a set-aside of a final judgment on public procurement for breach of EU law primacy Tuca Zbarcea & Asociatii’s lawyers were granted by the Bucharest Court of Appeal a review of a final judgment on public procurement on grounds of breach of EU law primacy. This is a special legal remedy provided at Article 21(1) of Law No. 554/2004. The relevant procurement procedure involved a goods procurement contract in the healthcare sector. The appellant company - a global leading supplier of healthcare infrastructure – challenged a final judgment based on which the contract had been awarded to another undertaking. Tuca Zbarcea & Asociatii’s lawyers were granted by the Bucharest Court of Appeal a review of a final judgment on public procurement on grounds of breach of EU law primacy. This is a special legal remedy provided at Article 21(1) of Law No. 554/2004. The relevant procurement procedure involved a goods procurement contract in the healthcare sector. The appellant company - a global leading supplier of healthcare infrastructure – challenged a final judgment based on which the contract had been awarded to another undertaking. In this respect, the appellant claimed, on the one hand, the breach of the EU principle of legal certainty, as developed by ECJ caselaw in the enforcement of Directive 89/665/CEE, and, on the other hand, the breach of the fundamental principles of equal treatment, non-discrimination and transparency, as laid down in Directive 2004/18/CE and later resumed in Directive 2014/24/UE. By Civil Decision No. 37/2019, the 9th Division for Administrative and Tax Disputes of the Bucharest Court of Appeal approved the motion for review filed on the aforementioned ground and overturned the appealed judgment on the merits, confirming the Decision of the National Council for Solving Complaints (C.N.S.C.) which had granted the appellant’s claims. “We deem that such ruling should be made known, not only because it is rare, but also because it is a bold expression of the direct applicability of EU law in public procurement matters”, said Dan Cristea, Managing Associate of Tuca Zbarcea & Asociatii, who led the team involved in this dispute.
April 24, 2019
Țuca Zbârcea & Asociații wins for its client a set-aside of a final judgment on public procurement for breach of EU law primacy
Țuca Zbârcea & Asociații’s lawyers were granted by the Bucharest Court of Appeal a review of a final judgment on public procurement on grounds of breach of EU law primacy. This is a special legal remedy provided at Article 21(1) of Law No. 554/2004. The relevant procurement procedure involved a goods procurement contract in the healthcare sector. The appellant company - a global leading supplier of healthcare infrastructure – challenged a final judgment based on which the contract had been awarded to another undertaking. [+]

Țuca Zbârcea & Asociații’s lawyers were granted by the Bucharest Court of Appeal a review of a final judgment on public procurement on grounds of breach of EU law primacy. This is a special legal remedy provided at Article 21(1) of Law No. 554/2004.

The relevant procurement procedure involved a goods procurement contract in the healthcare sector. The appellant company - a global leading supplier of healthcare infrastructure – challenged a final judgment based on which the contract had been awarded to another undertaking.

In this respect, the appellant claimed, on the one hand, the breach of the EU principle of legal certainty, as developed by ECJ caselaw in the enforcement of Directive 89/665/CEE, and, on the other hand, the breach of the fundamental principles of equal treatment, non-discrimination and transparency, as laid down in Directive 2004/18/CE and later resumed in Directive 2014/24/UE.

By Civil Decision No. 37/2019, the 9th Division for Administrative and Tax Disputes of the Bucharest Court of Appeal approved the motion for review filed on the aforementioned ground and overturned the appealed judgment on the merits, confirming the Decision of the National Council for Solving Complaints (C.N.S.C.) which had granted the appellant’s claims.

“We deem that such ruling should be made known, not only because it is rare, but also because it is a bold expression of the direct applicability of EU law in public procurement matters”, said Dan Cristea, Managing Associate of Țuca Zbârcea & Asociații, who led the team involved in this dispute.

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Tuca Zbarcea & Asociatii, named Most Innovative Law Firm of the Year in Romania at this year’s IFLR Europe Awards Europe’s most active and innovative law firms in banking and finance, capital markets and M&A were celebrated at IFLR’s 20th annual Europe Awards held in London last night. Tuca Zbarcea & Asociatii brought home the “Most Innovative Law Firm of the Year in Romania” award for its work on the EUR 1.9 billion Sanofi/Zentiva – Advent International deal. Europe’s most active and innovative law firms in banking and finance, capital markets and M&A were celebrated at IFLR’s 20th annual Europe Awards held in London last night. According to the IFLR, the event brought together some of the continent’s best legal talent to celebrate 2018’s most innovative cross-border European transactions and the teams that worked on them. Tuca Zbarcea & Asociatii brought home the “Most Innovative Law Firm of the Year in Romania” award for its work on the EUR 1.9 billion Sanofi/Zentiva – Advent International deal. Commenting on the win, Gabriel Zbarcea, Managing Partner at Tuca Zbarcea & Asociatii, said: “I am pleased and honoured to accept this award on behalf of my team. It is already the third accolade awarded for our work on the Sanofi/Zentiva – Advent International deal in the past couple of weeks. I could not be happier, as such recognitions are testament to the complexity of the project and its market impact not only at a European, but also at a local level. After all, Romania is home to Zentiva’s only manufacturing facility outside the Czech Republic. I would like to thank and congratulate all parties involved in this cross-border M&A - our client, as well as the dozens of lawyers across Europe who ran the deal very professionally. Above all else, however, the award belongs to our team of lawyers whose tireless efforts successfully contributed to the completion of the transaction, including Silvana, Sorin, Oana, Mihaela, Dominic, Ciprian, Bogdan, Mihai, Dana, Daiana, Ana, Florentina, Ovidiu”. Tuca Zbarcea & Asociatii previously won the IFLR’s national award for Romania in 2012 and 2016. In 2016, it also received the “M&A Deal of the Year Award” for its contribution to a USD 14 billion cross-border deal by which General Electric acquired the power and grid businesses of French conglomerate Alstom. Last year, Tuca Zbarcea & Asociatii won the “High Yield Deal of the Year Award”. IFLR’s awards celebrate innovation, novelty and complexity – whether structural or regulatory. International Financial Law Review – IFLR is the editor of the renowned “IFLR 1000”, the only international legal directory dedicated to ranking law firms and lawyers on the basis of financial and corporate transactional work.
April 5, 2019
Țuca Zbârcea & Asociații, named Most Innovative Law Firm of the Year in Romania at this year’s IFLR Europe Awards

Europe’s most active and innovative law firms in banking and finance, capital markets and M&A were celebrated at IFLR’s 20th annual Europe Awards held in London last night.

Țuca Zbârcea & Asociații brought home the “Most Innovative Law Firm of the Year in Romania” award for its work on the EUR 1.9 billion Sanofi/Zentiva – Advent International deal.

EUROAWARDLOGO19 [+]

Europe’s most active and innovative law firms in banking and finance, capital markets and M&A were celebrated at IFLR’s 20th annual Europe Awards held in London last night. According to the IFLR, the event brought together some of the continent’s best legal talent to celebrate 2018’s most innovative cross-border European transactions and the teams that worked on them.

Țuca Zbârcea & Asociații brought home the “Most Innovative Law Firm of the Year in Romania” award for its work on the EUR 1.9 billion Sanofi/Zentiva – Advent International deal.

Commenting on the win, Gabriel Zbârcea, Managing Partner at Țuca Zbârcea & Asociații, said: “I am pleased and honoured to accept this award on behalf of my team. It is already the third accolade awarded for our work on the Sanofi/Zentiva – Advent International deal in the past couple of weeks. I could not be happier, as such recognitions are testament to the complexity of the project and its market impact not only at a European, but also at a local level. After all, Romania is home to Zentiva’s only manufacturing facility outside the Czech Republic. I would like to thank and congratulate all parties involved in this cross-border M&A - our client, as well as the dozens of lawyers across Europe who ran the deal very professionally. Above all else, however, the award belongs to our team of lawyers whose tireless efforts successfully contributed to the completion of the transaction, including Silvana, Sorin, Oana, Mihaela, Dominic, Ciprian, Bogdan, Mihai, Dana, Daiana, Ana, Florentina, Ovidiu”.

Țuca Zbârcea & Asociații previously won the IFLR’s national award for Romania in 2012 and 2016. In 2016, it also received the “M&A Deal of the Year Award” for its contribution to a USD 14 billion cross-border deal by which General Electric acquired the power and grid businesses of French conglomerate Alstom. Last year, Țuca Zbârcea & Asociații won the “High Yield Deal of the Year Award”. 

IFLR’s awards celebrate innovation, novelty and complexity – whether structural or regulatory.

International Financial Law Review – IFLR is the editor of the renowned “IFLR 1000”, the only international legal directory dedicated to ranking law firms and lawyers on the basis of financial and corporate transactional work.

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Tuca Zbarcea & Asociatii wins the CEE Deal of the Year Award for the Sanofi/Zentiva – Advent International deal Tuca Zbarcea & Asociatii won a coveted Deal of the Year Award last night, during an awards ceremony held in Budapest. The event is organised by CEE Legal Matters, an international publication, and has gathered more than 90 lawyers from leading international and domestic outfits from the CEE region. Tuca Zbarcea & Asociatii won a coveted Deal of the Year Award last night, during an awards ceremony held in Budapest. The event is organised by CEE Legal Matters, an international publication, and has gathered more than 90 lawyers from leading international and domestic outfits from the CEE region. Tuca Zbarcea & Asociatii and five other international law firms (CMS; Dentons; Freshfields Bruckhaus Deringer; Ropes & Gray; Kirkland & Ellis) were the winners of the 2018 CEE Deal of the Year Award, for their work on the Sanofi/Zentiva – Advent International deal. In addition, the same firms received a second award - the Czech Deal of the Year Award for the Sanofi/Zentiva – Advent International transaction. “Tuca Zbarcea & Asociatii played a significant role on the Advent/Zentiva deal,” said CEE Legal Matters Executive Editor David Stuckey. “Their award for CEE Deal of the Year is well-deserved.” Commenting on this award, Silvana Ivan-Hanganu, Partner at Tuca Zbarcea & Asociatii and head of the firm’s Capital Markets practice group said: “The Advent-Sanofi transaction was significant in value (approximately € 2 billion), as well as by reference to the plurality of jurisdictions involved and the complexity of the legal strategy needed to reorganise the business (so that the GX component can be transferred and while also maintaining the internal operational flows on non-GX), the alignment of the global transfers and, last but not least, by reference to the capital market issues that we had to tackle, given that Zentiva Romania is listed on the Bucharest Stock Exchange”. Tuca Zbarcea & Asociatii fielded a multidisciplinary team of lawyers with diverse backgrounds in M&A, corporate, capital markets, pharmaceuticals, with Partners Sorin Vladescu and Silvana Ivan-Hanganu in the lead. Finalists for the prestigious and peer-selected CEE Deal of the Year Awards were chosen by panels of highly-regarded private practitioners in each country, with winners determined by a second group of prominent legal experts from across Central and Eastern Europe. Deals submitted for consideration were signed in the 2018 calendar year, and the jury based their assessment on deal complexity, market (and regional) significance, and value, among other factors. More information about the awards and a complete list of winners can be found on the CEE Legal Matters website: https://ceelegalmatters.com/ceelm-announcements/10526-cee-law-firms-celebrate-successes-at-second-annual-deal-of-the-year-awards-in-budapest.
March 29, 2019
Țuca Zbârcea & Asociații wins the CEE Deal of the Year Award for the Sanofi/Zentiva – Advent International deal

Țuca Zbârcea & Asociații won a coveted Deal of the Year Award last night, during an awards ceremony held in Budapest. The event is organised by CEE Legal Matters, an international publication, and has gathered more than 90 lawyers from leading international and domestic outfits from the CEE region.

CEELM_Deal_of_the_Year [+]

Țuca Zbârcea & Asociații won a coveted Deal of the Year Award last night, during an awards ceremony held in Budapest. The event is organised by CEE Legal Matters, an international publication, and has gathered more than 90 lawyers from leading international and domestic outfits from the CEE region.

Țuca Zbârcea & Asociații and five other international law firms (CMS; Dentons; Freshfields Bruckhaus Deringer; Ropes & Gray; Kirkland & Ellis) were the winners of the 2018 CEE Deal of the Year Award, for their work on the Sanofi/Zentiva – Advent International deal. 

In addition, the same firms received a second award - the Czech Deal of the Year Award for the Sanofi/Zentiva – Advent International transaction.

“Țuca Zbârcea & Asociații played a significant role on the Advent/Zentiva deal,” said CEE Legal Matters Executive Editor David Stuckey. “Their award for CEE Deal of the Year is well-deserved.”

Commenting on this award, Silvana Ivan-Hanganu, Partner at Țuca Zbârcea & Asociații and head of the firm’s Capital Markets practice group said: “The Advent-Sanofi transaction was significant in value (approximately € 2 billion), as well as by reference to the plurality of jurisdictions involved and the complexity of the legal strategy needed to reorganise the business (so that the GX component can be transferred and while also maintaining the internal operational flows on non-GX), the alignment of the global transfers and, last but not least, by reference to the capital market issues that we had to tackle, given that Zentiva Romania is listed on the Bucharest Stock Exchange”.

Țuca Zbârcea & Asociații fielded a multidisciplinary team of lawyers with diverse backgrounds in M&A, corporate, capital markets, pharmaceuticals, with Partners Sorin Vlădescu and Silvana Ivan-Hanganu in the lead.

Finalists for the prestigious and peer-selected CEE Deal of the Year Awards were chosen by panels of highly-regarded private practitioners in each country, with winners determined by a second group of prominent legal experts from across Central and Eastern Europe. Deals submitted for consideration were signed in the 2018 calendar year, and the jury based their assessment on deal complexity, market (and regional) significance, and value, among other factors. 

More information about the awards and a complete list of winners can be found on the CEE Legal Matters website: https://ceelegalmatters.com/ceelm-announcements/10526-cee-law-firms-celebrate-successes-at-second-annual-deal-of-the-year-awards-in-budapest.

CEELM_Deal_of_the_Year

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