The Legal 500

Moldova

Editorial sections

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
  • Exempted Limited Partnership Law, 2014

    The Exempted Limited Partnership Law, 2014 (the New ELP Law ) has replaced the Exempted Limited Partnership Law (2013 Revision) (the Previous Law ). The New Law includes significant changes to the Cayman Islands' statutory framework regulating exempted limited partnerships ( ELPs ) that will increase the attractiveness of ELPs and will be appreciated by managers, investors and creditors alike. Private equity sponsors in particular will notice substantial improvements that are indicative of Cayman's continuing commitment to balanced and commercially sensible legislation. Read more...
  • Restructuring and insolvency in Luxembourg (part 2)

    RESTRUCTURING - COURT PROCEDURES
  • Enhancements to the Companies (Jersey) Law 1991

    On 23 May 2014, the States of Jersey passed the Companies (Amendment No. 11) (Jersey) Law 201- (the Amendment Law ).  This will now be sent to the UK Privy Council for consideration, then laid before the States of Jersey for a final time before coming into force.  The latest information we have is that the Privy Council will be approving the law on 19 July 2014 and it may come into effect as soon as 4 August 2014.
  • Joost Fanoy appointed partner at BarentsKrans

    The Hague, 4 July 2014 - BarentsKrans has appointed Joost Fanoy as a partner in the Antitrust & Public Procurement department, effective as of July 1, 2014. Joost specializes in European law in general with a particular focus on European and Dutch competition, public procurement and state aid law and is the head of the Antitrust and Public Procurement Practice Group. Joost is also a member of the Cartel damages team of BarentsKrans.
  • PineBridge Acquires 50% Stake in Romatem

    PineBridge Investments Middle East, a global multi-asset class investment manager with regional headquarters in Bahrain, and nearly 60 years of experience in emerging and developed markets, has acquired a 50% equity stake in Romatem, the leading physical therapy and rehabilitation services chain in Turkey.
    - Paksoy
  • Isbank Issued USD 750 Million Notes

    Isbank issued 750 million USD notes under its GMTN programme established in 2013. The notes are listed on the Irish Stock Exchange and bear interest at the rate of 5 % with a maturity date 2021. Mr. Omer Collak (partner) and Mr. Baris Kencebay (head of tax practice) have acted for the joint lead managers Barclays, Citigroup, HSBC, National Bank of Abu Dhabi and The Royal Bank of Scotland.
    - Paksoy
  • Halkbank Issued USD 500 Million Notes

    Halkbank issued five-year term fixed interest rate US currency notes, with a total amount of USD 500 million  with an interest rate of 4.765 %  and an annual coupon rate of 4.750 %. The notes offered the lowest borrowing rate in the first five-month period of 2014, and total demand rose nearly nine-fold due to high investor interest. The note issuance drew great interest from international investors settled in the Middle East and Asia, as well as those investors based in the US and Europe. Mr Omer Collak (partner) and Mr Baris Kencebay (head of tax practice) have advised the joint lead managers.
    - Paksoy
  • Turkiye Finans to Issue Ringgit Sukuk to Raise Up to MYR 3 Billion In Malaysia

    Turkiye Finans issued the first ringgit sukuk originating from Turkey. The bank initially raised MYR 1 billion with a five-year commodity sukuk on June 30, with an annual return of 6 %. The sukuk under the programme will have tenure of one to 20 years. Funds raised will go towards general corporate purposes. The sukuk will be issued through TF Varlik Kiralama A.S., a wholly-owned subsidiary of Turkiye Finans. Malaysia's RAM Ratings has accorded the programme an indicative long-term rating of AA3. HSBC Amanah Malaysia and Standard Chartered Saadiq were the joint advisers. Mr Omer Collak (partner) and Mr Baris Kencebay (head of tax practice) have advised Turkiye Finans and the issuer TF Varlik Kiralama A.S.
    - Paksoy
  • Ziraat Bank Established GMTN Programme to Issue Bonds Worth USD 2 Billion

    Ziraat Bank, the largest state owned bank of Turkey, established GMTN programme on 21 May 2014, for the notes to be issued up to  USD 2 billion listed on Irish Stock Exchange. The notes are unconditional, unsubordinated and unsecured obligations, and rank  pari-passu with Ziraat Bank's other senior unsecured obligations.
    - Paksoy
  • Vakifbank Sells EUR 500 Million Notes Under USD 5 Billion GMTN Programme

    Vakifbank issued EUR 500 million 5-year unsecured and unsubordinated notes under the first GMTN programme of Turkey established in 2013. The notes are listed on Irish Stock Exchange and bear interest at the rate of 3.5 % p.a. with a maturity date 17 June 2019. This is the very first EUR denominated RegS offering of a Turkish entity.
    - Paksoy