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Real Estate; Corporate and Commercial; Tax; Mergers and Acquisitions.
Razvan Gheorghiu-Testa is a Partner at Tuca Zbarcea & Asociatii, having built up a strong legal career in real estate, corporate/M&A, as well as taxation. Further to his expertise in real estate matters, he combines tax and corporate law skills offering multidisciplinary strategies and solution in relation to a broad spectrum of property matters. He has been directly involved in many of the most important projects taking place in Romania, including acquisitions and disposal of real estate, investment and development real estate projects, and real estate finance. Razvan Gheorghiu-Testa regularly offers planning advice on investments to major institutional investors, as well as international companies from a variety of industries, such as retail, consumer goods, steel, energy, telecommunications, oil and gas, pharma. In addition to his role as one of the coordinators of the firm’s real estate practice group, he co-heads the firm’s specialised tax division, Tuca Zbarcea & Asociatii Tax SRL.
Razvan is one of the founding partners of Tuca Zbarcea & Asociatii and a former named partner of Testa, David & Asociaţii, part of Ernst & Young Law Alliance, where he headed the corporate/M&A practice. His clients include the likes of Carrefour Romania, Carrefour Property, Voestalpine, OMV Petrom, ING Real Estate Romania, GED Real Estate Eastern Investment, Romania Invest, Ericsson Telecommunications Romania and many others. Notable instructions and projects include: coordinator of the legal team retained by Carrefour Romania in connection with the expansion of the retail sale network of hypermarkets, including advice on a wide range of real estate, corporate and taxation issues; advisor to Carrefour Property, the real estate division of Carrefour Group, on its real estate investments and developments in Romania, including the conclusion and operation of a Joint-Venture Agreement with NEPI (a South-African Investment Fund) as regards the extension of an existing retail scheme in order to create the largest shopping mall in the SE part of Romania – Ploiesti Shopping City; advising one of the most successful local businesses, Ana Tower, on the fiscal law aspects involved by client’s prospected conclusion of a JV agreement with GTC (Globe Trade Center) for a EUR 70,000,000 development of a 28-storey A-class in Bucharest; coordinator of the legal team retained by ING Real Estate, in fund’s first acquisition in Romania of a commercial center, following a multi-million Euros transaction; coordinator of the firm`s real estate team assisting CEZ on all real estate and permitting matters pertaining to the development of the largest onshore wind farm project in Europe, worth investments up to EUR 1.1 billion; coordinator of the legal team assisting a well-known pharma distributor in tax disputes worth EUR 3,000,000 regarding reimbursement of VAT; coordinator of the legal team assisting AZVI and Vimac in connection with a EUR 67,000,000 contract for the refurbishment of Vidin-Calafat Bridge; advising the Romanian Privatisation Agency - AVAS - on M&A, post-privatisation and tax aspects related to the privatisation contract concluded with Ford Motor Co. regarding Automobile Craiova; coordinator of the legal team retained Romania Invest in connection with the acquisition of several residential projects, as well as the designing and implementation of a tax efficient structure for the sale of its real estate portfolio. Razvan is a regular contributor to various local and international publications on real estate and taxation issues and speaker at real estate conferences in Romania and abroad.
English; French; Italian.
Bucharest Bar Association; Multilaw.
Titu Maiorescu University (LL.B., 1996).