The Legal 500

Wolf Theiss

BUCHAREST CORPORATE CENTER (BCC), 58-60 GHEORGHE POLIZU STREET, FLOOR 12-13, 011062 BUCHAREST, ROMANIA
Tel:
Work +40 21 308 8100
Fax:
Fax +40 21 308 8125
Email:
Web:
www.wolftheiss.com
Banja Luka, Belgrade, Bratislava, Bucharest, Budapest, Kiev and 10 more

Romania

Banking, finance and capital markets
Banking, finance and capital markets - ranked: tier 3

Wolf Theiss

Wolf Theiss provides ‘concise and to-the-point advice’ to banks on acquisition financing and regulatory matters. Senior associate Claudia Chiper leads the firm’s Bucharest banking practice, which advised Erste Abwicklungs-anstalt, a so-called ‘bad’ bank, on its Romanian activity. Other clients include the IFC, Bank of Ireland and Raiffeisen Bank.

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 3

Wolf Theiss

Wolf Theiss’ M&A division, along with banking and finance colleagues, advised UniCredit Bank Austria on its purchase of 45% of Țiriac Bank. The firm also advised Gebruder Heinemann on spinning off its Romanian distribution operation into a joint venture with a private equity firm. Ileana Glodeanu is a leading member of the practice.

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Dispute resolution
Dispute resolution - ranked: tier 3

Wolf Theiss

Wolf Theissprovides innovative solutions to clients’ problems’. ‘Team playerLigia Popescu is assisting Aberdeen Immobilien in litigation regarding the Millennium Business Centre fire. The firm handles employment litigation for Oracle, and is also active in IP and tax disputes.

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Energy and natural resources
Energy and natural resources - ranked: tier 3

Wolf Theiss

Wolf Theiss advises on EPC contracts, financing transactions and M&A in the energy sector. Ileana Glodeanu, alongside lawyers from the firm’s Vienna and Sofia offices, assisted ERG and Lukoil on the dissolution of their wind joint venture in Romania and Bulgaria.

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Real estate and construction
Real estate and construction - ranked: tier 3

Wolf Theiss

Wolf Theissprovides sound, warm and cautious guidance on navigating the Romanian legal system’. Ileana Glodeanu advised Ikea on purchasing 336 sq km of forest, and also advises on construction projects and significant retail leases. Ciprian Glodeanu leads the team.

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TMT
TMT - ranked: tier 3

Wolf Theiss

Wolf Theiss uses its ‘good industry knowledge’ to provide ‘advice that is thorough from both the legal and the business perspective’, covering areas including data protection, software development and e-commerce. Ileana Glodeanu leads the practice.

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Further information on Wolf Theiss

Please choose from this list to view details of what we say about Wolf Theiss in other jurisdictions.

Legal Developments by:
Wolf Theiss

  • EU TRANSACTION TAX: ADDITIONAL BURDENS ON BANKS?

    The finance ministers of the European Union met again last week to discuss the plan of introducing a single EU financial transaction tax. According to the plan, a 0.1 percent tax would be levied on bond and capital transactions, while a 0.01 percent tax would be charged on derivatives transactions.
    - Wolf Theiss

Legal Developments in Romania

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  • 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. .
  • COMMITMENTS PROCEDURE IN ANTITRUST CASES BEFORE THE ROMANIAN COMPETITION COUNCIL

    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.
  • The new 2012 Arbitration Rules of the Court of International Commercial Arbitration Court

    Authors: Luminita Popa, Partner Musat & Asociatii, Iulian Popescu, Partner Musat & Asociatii