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bpv Grigorescu Stefánicá

33, DIONISIE LUPU STREET, 020021 BUCHAREST, ROMANIA
Tel:
Work +40 21 264 1650
Fax:
Fax +40 21 264 1660
Web:
www.bpv-grigorescu.com
Email:

Recommendations

Romania: Banking, finance and capital markets > Banking, finance and capital markets
Romania: Corporate and M&A > Corporate and M&A
Romania: Dispute resolution > Dispute resolution
Romania: Energy and natural resources > Energy and natural resources
Romania: IT, telecoms and media > IT, telecoms and media
Romania: Public private partnership and procurement > Public private partnership and procurement
Romania: Real estate and construction > Real estate and construction

Romania: Banking, finance and capital markets

Within Banking, finance and capital markets, tier 4

bpv Grigorescu Stefánicá’s strong borrower client base includes Termoelectrica and Bioromoil. It recently acted for UniCredit Leasing on the financing of an 8MW wind farm, and advised The Aviva Investors Central European Property Fund on the €148m refinancing of its multi-jurisdictional real estate portfolio. Catalin Grigorescu heads the team.

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Romania: Corporate and M&A

Within Corporate and M&A, tier 4

bpv Grigorescu Stefánicá advised ATOS Global on its acquisition of the IT services division of Siemens, and represented BIP Group on the sale of a 51% stake to SPAR Group. ThyssenKrupp Elevator is also a client. Alexandru Rusu has ‘an excellent understanding of the law and applies it commercially’, and practice head Catalin Grigorescu is also recommended.

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Romania: Dispute resolution

Within Dispute resolution, tier 4

bpv Grigorescu Stefánicá recently represented Metalexportimport in a €25m dispute with the Ministry of Finance, and acted for CEC Bank in proceedings against a former employee regarding alleged theft and forgery. Other clients include Romprest and Bucharest Municipality. Daniel Stefanica is the key partner.

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Romania: Energy and natural resources

Within Energy and natural resources, tier 4

bpv Grigorescu Stefánicá’s ‘excellent’ team advises E.ON on all matters concerning the 800MW BPC Braila project. Other clients include Regal Petroleum and Ener-G. Anca Albulescu heads the team, and managing partner Catalin Grigorescu is ‘a very experienced lawyer with excellent communication skills’.

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Romania: IT, telecoms and media

Within IT, telecoms and media, bpv Grigorescu Stefánicá is a second tier firm,

bpv Grigorescu Stefánicá’s team is ‘very responsive, reliable, and good value for money’. In addition to corporate matters, it also provides more specialist advice, including acting for MediaCafé on trade mark and copyright matters, and advising The Institute for Computers on software and technology services procurement. Alexandru Rusu and Catalin Grigorescu are recommended.

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Romania: Public private partnership and procurement

Within Public private partnership and procurement, bpv Grigorescu Stefánicá is a third tier firm,

bpv Grigorescu Stefánicá’s team provides public procurement advice to clients such as Romprest, Porr Construct and EvoBus. It also handled a number of contentious matters relating to public tenders. Anca Albulescu is the key lawyer.

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Romania: Real estate and construction

Within Real estate and construction, tier 4

bpv Grigorescu Stefánicá’s team acted on a number of energy-related real estate trans-actions for clients such as E.ON and voestalpine Steel Service Center. It also acted for The Aviva Investors Central European Property Fund on the refinancing of its multi-jurisdictional real estate portfolio. Team head Anca Albulescu is ‘one of the best-prepared lawyers in the market’.

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Further information on bpv Grigorescu Stefánicá

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Legal Developments by:
bpv Grigorescu Stefánicá

  • Competition news

    EUROPEAN UNION CASE LAW ROMANIA LEGISLATION CASE LAW RECENT EUROPEAN AND NATIONAL INVESTIGATIONS
    - bpv GRIGORESCU

Legal Developments in Romania

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to

  • Romania: Wind of change on the Romanian renewable energy market - part II

    In the Legal Insights edition of 18 March 2013, we presented the potential changes to the Romanian renewable energy scheme, resulting from an unofficial working draft Government Emergency Ordinance (GEO) circulated on the market. This Tuesday (2 April 2013), a draft Government Emergency Ordinance on the amendment of Law no. 220/2008 was officially published on the website of the Ministry of Economy. The public is invited to submit comment within the next 30 days, to the e-mail address dezbateri_publice@minind.ro .
    - Schönherr

  • Romania: Wind of change on the Romanian renewable energy market

    Romania seems to be one of the most attractive CEE jurisdictions for renewable energy investments, due to the generous support scheme which generated increasing enthusiasm over the past few years. Implemented in 2005, the support scheme for renewable energy (RES) consisting of tradable green certificates (GCs) combined with mandatory acquisition quotas was improved in 2008 and subsequently in 2010, but was only applicable as of mid-2011, upon state aid clearance from the European Commission (EC).
    - Schönherr

  • 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. .
    - Tuca Zbarcea & Asociatii

  • Romania: New financial and fiscal legislative amendments

    Government emergency ordinance no. 8/2013 for the amendment and supplementation of Law no. 571/2003 regarding the Fiscal Code and the regulation of certain financial and fiscal measures (published in the Official Gazette no. 54/23.01.2013) enters into force starting from 1 February 2013. GEO 8 introduces a number of important amendments and supplementa-tions in the fiscal legislation. We shall further present some of the amendments related to di-rect taxation, respectively to social insurance.
    - Schönherr

  • 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.
    - Peli Filip

  • Romania: Proposed new OTC trading arrange-ments for electricity

    Friday (11 January 2013), the Romanian energy market regulator (ANRE) published on its website for public consultation a proposal for a procedure and regulation on OTC electricity trading (the "Proposal"). ANRE has invited stakeholders to submit their comments by 21 January 2013.
    - Schönherr

  • 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.
    - Musat & Asociatii

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

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

  • Termination of Distribution Agreements in Romania

    The absence of a contract regulating the duration and termination of a distribution relationship does not necessarily entitle a party to abruptly terminate the agreement without facing financial exposure to the other party. In particular, a reasonable notice period should be given to allow the other party to adapt its business operations.
    - Schönherr

  • Guarantees under the New Civil Code

    After the New Civil Code entered into force on October 1, 2011, significant amendments were brought to the legal framework regulating the guarantees’ field, either by effective legislative changes to the existing institutions or by introduction of new types of guarantees. The New Civil Code also changed the terminology in the field (e.g. “mortgage” designates both securities over real estate and movable assets, while “pledge” is now referring only to a security interest with dispossession).
    - Musat & Asociatii
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