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Țuca Zbârcea & Asociații
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Insurance & Private Pensions

Ţuca Zbârcea & Asociaţii is one of the top law firms representing Romanian or foreign insurance companies and private pension funds management companies, as well as other related financial institutions operating or interested in investing in Romania. Our lawyers ensure legal advice on the applicable legal framework and assistance in various fields of insurance law, from the acquisition of insurance companies to the structuring of various types of bilateral, syndicated or other loan agreements required for such acquisitions, including in relation to the drafting of related documentations.

Considering that many acquisition projects of an insurance company are part of much more complex transactions, our lawyers specializing in insurance law cooperate with lawyers from the other departments of Ţuca Zbârcea & Asociaţii, joining their efforts for the successful closing of such transactions.

Our firm also has a relevant experience in providing specialized legal advice to leading insurance companies from Romania and/or abroad, especially concerning the construing of the applicable legal framework, legal assistance in solving specific issues in the relation with the insured persons, resulting from the performance of insurance agreements, with the Insurance Supervisory Commission and other relevant authorities, legal opinions on the applicability and construing of EU insurance directives on the specific Romanian market and especially issues related to the practical applicability of the principle of freedom in the provision of insurance services on the Romanian market, after Romania’s EU accession.

As regards private pensions, the legal framework of which began to take shape when the first players on this market appeared in 2007, considering that one of our lawyers directly participated with legal advice in the drafting of the applicable legal framework, we are entitled to assert that we are one of the few law firms on the market which may provide appropriate and truly professional legal assistance in this new field.

Scope of Practice
Applicable Regulations
Ţuca Zbârcea & Asociaţii provides legal assistance and advice in all issues related to the management, operation of own activities and of relations with the insured persons and control of insurance companies and private pension fund management companies, including on how they comply with the applicable regulations regarding the specific operations in this field.
Insurance Company Acquisitions
Ţuca Zbârcea & Asociaţii provides highly professional legal advice both to client purchasers and to client sellers which are involved in the acquisition of insurance companies existing on the Romanian market. Thus, our lawyers perform legal due diligence proceedings, prepare the offer documentation, draft and negotiate the documents for the execution of transactions and draft legal strategies allowing a profitable sale or, as the case may be, purchase of the shares. In addition, we provide assistance in transactions envisaging the acquisition of shares in certain privatized insurance companies, as well as in post-transaction growth strategies.
Acquisition Finance
Ţuca Zbârcea & Asociaţii provides legal advice on acquisition finance, especially concerning critical legal issues, ensuring the necessary assistance for the avoidance of all types of risks. Our lawyers draft and negotiate the standard transaction documentation, including basic terms and conditions, master and accessory financing agreements, and they ensure the necessary assistance for obtaining the required permits and endorsements.
Private Pensions
Ţuca Zbârcea & Asociaţii provides legal advice and representation to its clients in relation to the establishment and authorization of private pension fund management companies, legal advice in relation to the applicable private pension legal framework and the drafting of the entire documentation required for the incorporation, authorization and operation of private pension fund management companies. In addition, we may provide legal advice on the incorporation and authorization of private pension funds, including, without limitation, drafting the necessary documentation.


Assisting the leading financial services provider in Central Europe in a EUR 1,445,000,000 transaction for the sale of its insurance operations to Vienna Insurance Group (VIG) [...]
Assisting a consortium of banks in a EUR 350,000,000 transaction for the sale of 100% of Romanian insurer Asiban S.A., one of the top Romanian life and non-life insurance companies [...]
Assisting a Romanian bank in connection with the attempted acquisition of the majority stake in ARDAF [...]
Sorin Vlădescu
Silvana Ivan


Țuca Zbârcea & Asociații and Țuca Zbârcea & Asociații Tax are collaborating with Andersen Global in Romania
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