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Romania > Law firm and leading lawyer rankings


Doing business in Romania

Contributed by PeliFilip

With a robust GDP growth of 3.6% in 2015 and a forecast of 4.2% for 2016, Romania is well on its way as one of the fastest-growing economies in the EU.

In doing so, Romania relies on more than its traditional advantages, such as being the largest market in south-eastern Europe and second largest in the CEE region, at the crossroads of the major routes linking Europe, the Middle East and the Commonwealth of Independent States trade routes, rich in natural resources, and having a well-skilled and relatively inexpensive work force.

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Legal market overview

The Romanian economy is continuing in its gradual but consistent recovery from the 2008 crash, with the commercial real estate and healthcare sectors showing marked improvements and the technology sector reaping the benefits of a well-educated workforce coupled with relatively low labour costs. The court system is rapidly becoming more professional, leading to more commercial disputes being litigated rather than arbitrated. A crackdown on corruption is generating more white-collar crime work, with the Direcţia Naţională Anticorupţie showing no fear in bringing prosecutions against high-profile individuals: former Prime Minister Victor Ponta and since-ousted Mayor of Bucharest Sorin Oprescu are under investigation at the time of writing. Ponta resigned in November 2015, after protests triggered by a fire in a Bucharest nightclub, which killed 56 people. Dacian Cioloș, a former European Commissioner, was appointed to lead a non-partisan interim government.

All these factors are contributing to a growing workload for Bucharest’s cadre of young and hungry lawyers. A range of international firms are present in Romania, either in their own right or in association with local lawyers; key players include CMS and RTPR Allen & Overy (Radu Tărăcilă Pădurari Retevoescu SCA in association with Allen & Overy LLP). A number of equally sophisticated indigenous firms offer a high-calibre alternative; these include Popovici Niţu Stoica & Asociaţii, which added existing partner Bogdan Stoica to its name in October 2015. A number of well- respected lawyers, including M&A and energy expert Miruna Suciu and dispute resolution specialist Luminița Popa, left Muşat & Asociaţii to establish Suciu, Popa, si Asociatii in February 2016. TSAA-Attorneys at Law split up, creating TAMC and Stratulat Albulescu Attorneys at Law.

The legal market is heavily concentrated on Bucharest, with most firms located only there.

Firms in the spotlight

Popovici Niţu Stoica & Asociaţii

Popovici Nitu Stoica & Asociatii is a leading Romanian independent law firm. Established in 1995 as one of the first incorporated partnerships, the firm brings together strong local resources with exceptional credentials, outstanding records and distinguished careers in law, business and academia. The Bucharest office today groups 80 qualified lawyers and tax advisors. Focusing traditionally on the private sector and to foreign investment projects, Popovici Nitu Stoica & Asociatii is acknowledged by the vast majority of observers and peers as ‘the transactional law firm’ among the market leaders.

Leroy & Associatii

Leroy si Asociatii is one of Romania’s leading and fastest growing independent law firms. With nearly 20 years of experience in the Romanian market, the firm has gained national and international recognition for its contribution on some of the most significant investments and transactions in Romania. From the very beginning, Leroy si Asociatii has had an important impact on the Romanian legal advisory market. The firm’s teams have worked efficiently on ground-breaking transactions across multiple practice areas...

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Press releases

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Legal Developments in Romania

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • New PPP Law in Romania to jump-start the use of public-private partnership

    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 in Romania: Taking Security over Oil in Storage Terminals

    Trade finance is generally not very developed in Romania, at least by comparison with other EU Member States and developed and emerging markets.  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.
  • The Dispute Resolution Review Sixth Edition - Romania

    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.
  • For sale: Romania - "Europe's granary"

    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 rules expected for the past 7 years, since Romania's accession to EU.
  • Ţuca Zbârcea & Asociaţii: Getting the Deal Through – Dominance 2014

  • The Mining Law Review Second Edition - Romania

    Before 1989, when the Communism regime fell, mineral resources in Romania were exploited by state-owned companies. Although these exploitations were advertised as big economic successes of the communist governments, in reality, most of them were using outdated technology and some caused significant pollution in the mining perimeters. Moreover, in the context of Romania's negotiations to join the European Union, some of the mining exploitations had to be shut down as they were far from being compliant with the European environmental standards.
  • Romania: VAT registration no longer required for electricity traders on OPCOM markets

    September 2013 - Projects,  Energy and Natural Resources. Legal Developments by Buzescu Ca. More articles by this firm.
  • How can the Romanian Constitution be revised

    Although its stability over time represents the essence of the Romanian Constitution (the “Constitution”) and of any constitution, such fundamental law within the Romanian legal system should at the same time, at any moment, represent both a frame of reference for the Romanian social, political and economical life and a reflection of such. Given the accelerated changes within the society, in order for the Constitution to be brought in line with the overall social, political and economical evolution and perspectives, a procedure for its revision and also the limitations in what regards the possibility for the Constitution to be revised are established by this fundamental law itself. .

    1. Background The Romanian Competition Law no. 21/1996 (the " Law ") has been adopted and amended on various occasions so that it reflects the evolution of the competition law provisions in the EU. On 6 July 2010 the Law has been substantially amended, introducing among other institutions the commitments procedure for anticompetitive practices. Previously, the commitments were available only in merger cases under the form of remedies. The commitments procedure has been detailed in RCC guidelines issued in December 2010 (the " Guidelines "), which have been amended at the end of year 2012.
  • VAT challenges in 2012; there’s plenty to come

    If the Romanian taxation system were under any sign, it would surely not have been Libra this year. Hence, the unbalanced practice of abrupt or disputed changes to the tax legislation persisted in disregarding the principles set forth in art. 4 of the Romanian Fiscal Code, whereby (i) the code is to be amended solely based on a law, (ii) the amending law must be advocated for, as a rule, six months prior to its entry into force, and (iii) any amendment to the code will enter into force starting the 1st of January following the year it was adopted.

Press Releases in Romania

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