What we say about the firm's legal practice in Romania
Banking, finance and capital markets
Within Banking, finance and capital markets, tier 4
Kinstellar advised a consortium of global banks on the financing of CVC Capital Partners’ leverage buyout of certain InBev subsidiaries in CEE. It also advised Anglo Irish Bank Corporation on the transfer and restructuring of a pre-existing secured facility granted to a Romanian company. The ‘first-rate’ Bogdan Bibicu heads the practice, and Daniel Torsher is also recommended.
Corporate and M&A
Within Corporate and M&A, Kinstellar is a third tier firm,
Kinstellar’s ‘enthusiastic’ team provides ‘an outstanding level of service’ and ‘practical knowledge’, It advised Eureko on the sale of a private hospital and clinics to Advent International; Türk Telekom on its purchase of the Central European subsidiaries of Invitel International; and Johnson Controls on its acquisition of C. Rob. Hammerstein GmbH & co KG. Practice head Razvan Popa and managing partner Daniel Torsher are recommended.
Dispute resolution
Within Dispute resolution, tier 4
Kinstellar acted for E.ON Romania in claims relating to the merger of its electricity and gas supply subsidiaries. It also acted for Laboratoires Madaus in a claim brought by a Romanian distributor regarding the termination indemnity of a distribution agreement. Stefan Botezatu heads the team.
Energy and natural resources
Within Energy and natural resources, Kinstellar is a third tier firm,
Kinstellar advised E.ON Romania on the €200m merger of its electricity and gas supply subsidiaries and handled Iberdrola’s participation and subsequent exit from the construction, development and operation of units 3 and 4 of the Cernavoda nuclear power plant. Practice head Stefan Botezatu is ‘impressive’, ‘innovative’ and ‘a very hands-on lawyer’.
Legal market overview
Within Legal market overview,
Historically, firms such as Nestor Nestor Diculescu Kingston Petersen, Musat & Asociatii and Tuca Zbarcea & Asociatii have dominated the market, but these are now being challenged by firms including Peli Filip, Popovici Nitu & Asociatii, Voicu & Filipescu SCA, and Kinstellar, as well as Eversheds Lina & Guia, which is the result of recent tie-up between Eversheds LLP and Lina & Guia SCA. Other international firms such as CMS Cameron McKenna SCA, Clifford Chance Badea, Gide Loyrette Nouel, Radu Taracila Padurari Retevoescu SCA in association with Allen & Overy LLP and Salans are also a strong presence.
Real estate
Within Real estate, tier 4
Kinstellar’s team ‘works together seamlessly’ for clients. It advised MKB Bank on the restructuring of several financing facilities pertaining to an office development, and advised Pure Health and Fitness on the establishment of a new chain of fitness centres in Romania. Razvan Popa is ‘commercially minded and has a detailed knowledge of the current market’.