The Legal 500

bpv GRIGORESCU and Ştefănică & Florea announce today the completion of their merger and start operating as bpv GRIGORESCU ŞTEFĂNICĂ.

bpv GRIGORESCU has advised and assisted long standing client Siemens in the reorganization of four production facilities in Romania .

bpv GRIGORESCU represents EvoBus and BRD Sogelease in successfully overturning a decision by the National Council for Solving Complaints on Timisoara bus tender.

Bucharest, 6 May 2009. The value of the public procurement projects in which bpv GRIGORESCU was involved during last two years exceeds EUR 1.5 billion. From the establishment of the firm in 2006, bpv GRIGORESCU advised on public procurement projects with a total value that exceeds EUR 2.8 billion.

Bucharest, July 7, 2009 As of the beginning of 2009 the tax litigation portfolio of bpv GRIGORESCU, meas-ured by the value of claims, has increased by more than 20% that initially anticipated, to approximately EUR 15 million.

Compliance with competition law is higher than ever on the risk management agenda for companies in all sectors. The penalties for breaching competition law are severe and constantly on the increase and may amount up to 10% of global turnover of firms, while in certain jurisdictions criminal prosecution is an additional threat. In 2007, the European Commission alone imposed cartel penalties in excess of EUR 3.5 billion. The law is complex and fast-changing, as the EU and national competition authorities continue to refine and focus their approach to competition enforcement

In less than 2 years from its establishment, due to rapid business growth, independent Romanian law firm bpv GRIGORESCU will relocate into a state–of-the-art historic building in central Bucharest.

RTC Holding has finalised the negotiation for the sale of Best Distribution, the specialised distribution and retail division of video games and consoles to CD Media a leading player in the industry. bpv GRIGORESCU was the parties’ legal adviser for the transaction.