Romania

Banking and finance

Project finance matters are a cornerstone area of expertise for the team at Bondoc & Asociatii SCA in alliance with White & Case. In 2016 the group assisted Stabilus with financing its acquisition of four companies from Kaydon Corporation. Lucian Bondoc and Simona PetriÅŸor are the names to note.

Commercial, corporate and M&A

Bondoc & Asociatii SCA in alliance with White & Caseâ€™s team has â€˜a proactive approachâ€™. The group handles high-profile M&A matters for a range of industries. In 2016 the practice advised Waterland Private Equity on its acquisition of an approximately 61.2% stake in Kredyt Inkaso, and recently assisted The Greenbrier Companies with its joint venture with Astra Rail Management. Lucian Bondoc and Mihaela Bondoc are key names. Managing counsel HoraÈ›iu Dumitru is also recommended.

Dispute resolution

Viorel Dinu leads Bondoc & Asociatii SCA in alliance with White & Caseâ€™s â€˜pragmaticâ€™ team. The firm is well known for its strength in handling pharmaceutical sector disputes, with tax, construction, commercial and employment litigation included in the practice offering. Dinu represents the town of Novaci in a dispute with its neighbour Baia de Fier pertaining to the borderline between the two entities.

Employment

Bondoc & Asociatii SCA in alliance with White & Caseâ€™s â€˜supportiveâ€™ team â€˜always produces very practical advice tailored to the clientâ€™s needsâ€™. Practice head Mihaela Bondoc is â€˜extremely knowledgeable, experienced and sees the big pictureâ€™; she is acting for Isovolta in employment litigation.

PPP and procurement

Bondoc & Asociatii SCA in alliance with White & Caseâ€™s â€˜result-orientedâ€™ team is assisting Sanofi Romania with a procurement contract for providing vaccines to Romanian distributors. Lucian Bondoc and Viorel Dinu lead on this matter.

Real estate and construction

In a recent highlight, Bondoc & Asociatii SCA in alliance with White & Caseâ€™s team advised Mid Europa Partners on the â‚¬533m acquisition of supermarket retail chain Profi. Mihaela Bondoc is the name to note. Åžerban Patriciu left to set up his own firm in January 2018.

Restructuring and insolvency

Bondoc & Asociatii SCA in alliance with White & Case provides â€˜professional, hands-on analysisâ€™ of insolvency and restructuring matters. Viorel Dinu and Simona PetriÅŸor, â€˜a good negotiator in difficult timesâ€™, assisted Luscan Com with acquiring a business from an insolvent company in the extractive industry.

With an
increasing work load and Client portfolio on the rise, Maravela|AsociaÈ›iiâ€™s
competition department sustained a considerable development throughout the past
five years, driven by the passion and specialization of the entire team.

The highly anticipated new Romanian law on public-private partnership ( "New PPP Law" ) has been finally enacted and will enter into force on 25 December 2016. It replaces the former Law no. 178/2010 on public-private partnership, which due to significant legislative inconsistencies has failed to accommodate any public-private partnership ( "PPP" ).

Trade finance is
generally not very developed in Romania, at least by comparison with other EU
Member States and developed and emerging markets. Â In this briefing, we set out certain remarks
in relation to taking security over oil products which are in storage in oil
terminals in Romania, which should be considered in the context of an oil
products trade finance transaction.

Disputes
in Romania are settled in court in the vast majority of cases, under
procedures regulated mainly by the new Civil Procedure Code (CPC). The
CPC entered into force on 15 February 2013, has carried out a systemic
and extensive overhaul of the Romanian dispute resolution model. With a
specific focus on acceleration of trial proceedings, the new regulation
has reformed both the schedule and the content of proceedings taking
place in various phases of the lawsuit, while attempting to clarify many
of the controversies raised by interpretable provisions in the former
regulation.

Initiated late November 2013 and adopted by the
Romanian Parliament on 17.12.2013 (to be published upon the President's
confirmation), the law regarding purchase
of agricultural lands by non Romanian EU Citizens is setting the ground
rulesÂ expectedÂ for the past 7 years, since Romania's accession to EU.