The Legal 500

Moldova

Editorial

Index of tables

  1. Legal market overview
  2. Leading individuals

Leading individuals

    • Octavian Cazac – Turcan Cazac
    • Roger Gladei – Gladei & Partners
    • Alexandru Munteanu – PricewaterhouseCoopers Legal
    • Diana Neagu – Vernon | David
    • Igor Odobescu – ACI Partners Law Office
    • George Teodorescu – Vernon | David
    • Alexander Turcan – Turcan Cazac

Helpful, responsive and very efficient’, Turcan Cazac is ‘the gold standard for Moldova’. The firm has earned a good reputation under managing partner Alexander Turcan and the ‘really smart’ Octavian Cazac. Clients praise the ‘excellent work’ of Mariana Stratan and litigator Iulia Furtuna. Turcan recently assisted F Hoffman-La Roche with establishing a Moldovan subsidiary, and Cazac advised International Finance Corporation on a $50m loan to finance Trans-Oil group companies. Other clients include the European Bank for Reconstruction and Development (EBRD) and Kraft Foods.

Clients describe Vernon | David as ‘the leading international law firm in Moldova’, and it is noted for commercial contracts, banking and finance deals, employment law, regulatory reform and legislative drafting. The firm is advising Air Moldova on its privatisation. Other clients include Sun Communications and British American Tobacco. ‘Smart, tough negotiator’ Diana Neagu and the ‘responsive and thoughtful’ George Teodorescu are ‘enthusiastic and really focus on solving problems’, say clients; they ‘put themselves in their clients’ shoes and think through the big picture and the details’.

ACI Partners Law Office is ‘an important player in the market’, and has ‘very active, modern-thinking lawyers who serve their clients well’. Igor Odobescu’s team, which includes many lawyers formerly at Ernst & Young, is especially skilful in corporate matters and competition law. Cristina Martin and Carolina Parcalab are highly regarded for M&A deals. Tax expert Serghei Filatov advised Doehler GmbH on the purchase of a Moldovan juice concentrate producer.

Gladei & Partners’ lawyers ‘know how corporations work both locally and on the international market’, and are ‘second to none on quality of service’. Roger Gladei is ‘very well known for finance work and does it well’. He advised the World Bank on legal amendments arising from its Secured Transactions Reform, and represented a US technology company in Moldovan aspects of an $8.5m acquisition. Clients also praise ‘passionate and dedicated litigator’ Vitalie Ciofu.

PricewaterhouseCoopers Legal has ‘a very good and professional team’ that provides ‘high-quality advice balancing risks and benefits’. Alexandru Munteanu, who shows ‘good communication skills, flexibility and thoroughness’, advised Moldova’s Ministry of Economy on the restructuring of Termocom and its power plants, and represented Chisinau International Airport in a large PPP project. The team, which is described as being ‘the best choice when comprehensive and thorough analysis is needed’, also includes M&A specialist Marin Moraru.

Schoenherr Chisinau is ‘cost-efficient and has an impressive level of knowledge’. It is a growing force in dispute resolution and tax advice. Vladimir Iurkovski is known for ‘integrity and playing by the rules’. He regularly advises the Austrian embassies in Romania and Moldova and the Moldovan Ministry of Economy. He also provides corporate advice to energy companies OMV Group and ICS Petrom-Moldova.

Mihail Buruiana at Buruiana & Partners advises on cross-border corporate and finance deals and acts in disputes. EBRD is a client.

Popa & Associates’ finance and tax expert Igor Popa is ‘very good at winning mandates’, and is good value for money for domestic and international clients.

Press releases

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to

Legal Developments in Moldova

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Moldova: A New Insolvency Act

    The Moldovan Parliament adopted a new insolvency law on 29 June 2012. The Insolvency Act No. 149 (Act No. 149), which will enter into force on 14 March 2013, is evolutionary rather than revolutionary, as its main goal appears to be the optimization of the existing insolvency procedures. Following the new act’s entry into force, insolvency cases shall fall under the competence of the court of appeal where the seat of the debtor is located. Also each such court of appeal shall hold a public register of insolvency cases.
  • What a Foreigner should know before becoming a Member of a Supervisory Board

    What a Foreigner should know before becoming a Member of a Supervisory Board in a Moldovan Joint-stock Company

Press Releases worldwide

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to
  • P+P Pöllath + Partners berät die DATA MODUL AG, München, bei öffentlicher Übernahme durch Arrow

    Die DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen mit Sitz in München („Data Modul AG“) steht vor einer öffentlichen Übernahme durch die Arrow Electronics, Inc. mit Sitz in Centennial, Colorado/USA. Deren Tochtergesellschaft Arrow Central Europe Holding Munich GmbH hat als Bieterin ein freiwilliges öffentliches Übernahmeangebot zum Erwerb sämtlicher Aktien der Data Modul AG zu einem Angebotspreis von EUR 27,50 je Aktie angekündigt. Dies entspricht einer Prämie von rund 36% auf den gewichteten durchschnittlichen Börsenkurs der Data Modul-Aktien während der letzten drei Monate.
  • VEGAS LEX continues to represent OGK-2 in its gas turbine engine quality dispute

    On January 14, 2015, the VEGAS LEX law firm won an appeal case in the Sixteenth Commercial Court of Appeals for the sake of the Second Generating Company of the Wholesale Power Market (OGK-2)* in a dispute over the quality of a gas turbine engine (GTD-110) supplied by NPO Saturn to compel the defendant to restore the equipment's operation after a breakdown. The court ordered NPO Saturn to repair the broken GTD-110, with the cost of repairs adding up to RUB1bln, which is comparable with the cost of new equipment.
  • VEGAS LEX helps collect lost profit for Khanty-Mansiysk Non-State Pension Fund

    On January 13, 2015, the VEGAS LEX Dispute Resolution Practice won a case in the Ninth Commercial Court of Appeals for the sake of the Khanty-Mansiysk Non-State Pension Fund* in a dispute over a trust management agreement with regard to the fund's pension reserves.
  • Positive Developments for the Economy of Cyprus

    Normal 0 false false false EN-GB X-NONE X-NONE MicrosoftInternetExplorer4 It has been around one year and a half since the Eurogroup decisions to recapitalise Bank of Cyprus via a bail-in on 25 th of March 2013. Cyprus has worked hard since then to exit the financial crisis and to maintain its status and reputation as an international financial centre. Within October 2014, several positive developments which took place suggest that Cyprus is on a good path. These positive developments include: /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Calibri","sans-serif";}
  • Avellum Partners Advised Nadezhda Group on Corporate Restructuring

    Kyiv, 29 December 2014  - Avellum Partners advised Nadezhda Group ("Group"), operating in the liquefied petroleum and gas industry, on tax planning for holding structure of the Group, all legal and tax aspects of corporate restructuring and acquisition finance issues, aimed at obtaining finance from international finance institutions ("IFIs").
  • Avellum Partners Advised on Exchange Offer of Metinvest

    Kyiv, 14 January 2015  - Avellum Partners acted as Ukrainian legal counsel to Deutsche Bank AG, London Branch and ING Bank N.V., London Branch, who acted as Dealer Managers, in connection with the exchange offer of Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies ("Metinvest") for its USD500 million 10.25% guaranteed notes due 2015, coupled with the new issue of USD289.7 million 10.5% guaranteed notes due 2017 ("Notes") under its USD1,500,000,000 Guaranteed Medium Term Note Programme and a 25% cash consideration. The Bank of New York Mellon, London Branch acted as the Exchange Agent. The Notes are listed and admitted to trading on the Global Exchange Market of the Irish Stock Exchange.
  • Gorodissky new practices

    In December 2014 the IP team of Gorodissky & Partners was joined by Valery Narezhny who will be in charge of the firm's new law practices such as taxes, customs and commercial laws. Valery graduated from Finance Academy under the Government of Russia (Moscow) majoring in "Finances and Credits" and the Academy of Law and Management (Moscow) majoring in "Civil Law", holds PhD degree in economics. He is specializing in taxes, currency, customs, labor and commercial laws and in court disputes. Valery started his carrier in the state bodies (Tax Policy Department, Ministry of Finance, and Government Administration), worked for a number of Russian and international law firms. He is author of more than 150 publications and 9 books on taxation and civil law issues. Valery Medvedev, Managing Partner, Gorodissky & Partners, commented: "It appears from our clients' enquiries that they are in the need to obtain consultations and professional advice relating not only to protection and enforcement of intellectual property rights but also to IP issues governed by taxes, labor, currency and commercial laws. Valery Narezhny having considerable experience and knowledge in these practices will no doubt enhance our team of lawyers and considerably enlarge the range of the firm's legal services"
  • HaoLiWen helps client resolve TP case with the customs

    HaoLiWen has advised a multinational client in a case of the customs challenge against import transfer pricing. Recently, this case was successfully closed. The customs has accepted the transfer pricing policies of the client.  The client has incurred no further import tax exposure, and the deposits put up with the customs for the shipments in question are to be refunded by the customs to the client.  
  • VEGAS LEX to support 2015 Jessup Moot Court Competition

    The VEGAS LEX law firm will support this year's Philip C. Jessup International Law Moot Court Competition, the largest and most prestigious law school competition, which will take place in Moscow from January 28 through February 1.
  • P+P Pöllath + Partners berät die Deutsche Bank und DN Capital bei Investitionen in Onlineportal Wi

    Der Onlinehändler Windeln.de hat seine bislang größte Finanzierungsrunde abgeschlossen. Mit einem Investitionsvolumen von insgesamt etwa EUR 45 Mio. beteiligten sich neben dem Hauptinvestor Goldman Sachs auch die bisherigen Geldgeber MCI Management, 360 Capital Partners, die Londoner Beteiligungsgesellschaft DN Capital sowie mehrere Deutsche Bank Fonds.