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12 PLANTELOR STREET, DISTRICT 2, 023974 BUCHAREST, ROMANIA
Tel:
Work +40 21 311 0517
Fax:
Fax +40 21 311 0519
Email:
Web:
www.zrp.ro

Stan Tirnoveanu

Tel:
Work (00 40 21) 311 05 17 (18)
Email:
Web:
www.zrvp.ro
Zamfirescu Racoti & Partners

Work Department

Restructuring & Insolvency / Dispute Resolution / Banking & Finance / Enforcement & Debt Recovery / Fiscal Litigation

Position

Stan Tirnoveanu is Senior Partner with Zamfirescu Racoti Vasile & Partners Attorneys at Law.

He leads the Restructuring & Insolvency practice as well as the Banking Litigation practice, being one of the most reputed lawyers in Romania in the area of liquidation and reorganization in the banking system.

Tirnoveanu, with over 34 years experience as a lawyer and over 23 years experience as an insolvency practitioner, has broad expertise in representing clients in insolvency and bankruptcy, debt recovery and dispute resolution, bringing clients a unique insight into this areas. He ensures legal assistance and representation for both creditors and debtors in the insolvency procedure. His professional advantage is given by his solid knowledge of the banking system and procedures, for which he is recognized by clients and peers, combined with his insolvency practitioner skills, area in which he is valued for his fine strategic vision and excellent performances.

Tirnoveanu has been involved in the legislative process of the New Insolvency Code, being one of the members of the Legal Commission of the Chamber of Deputies that has worked on the new law. He has also published a significant number of articles in legal publications on the amendments of the new law.

His banking practice covers the wide array of financing and funding transactions, trade finance facilities, collaterals system and credit securities issues. 

Stan Tîrnoveanu is a member of the European Association for Banking and Finance Law, Romania Branch and deputy editor of the Banking and Finance Law Magazine.

Career

1985 - 1987 Legal Counsel with the Brasov County Popular Council. 1988 - 1990 Legal Counsel with the Giurgiu County Council of Trade Unions 1990 - 1991 Legal Counsel with BRD Societe Generale, Arges Branch, Romania 1991 - 1994 Legal Counsel with BRD Societe Generale, Romania 1994 - 1998 Head of Legal Department with BRD Societe Generale, Romania 1999 – 2002 Official Receiver – Dacia Felix Liquidator for: Banca Albina Bankoop Banca Internationala a Religiilor 1998 - 2006 Senior Partner of Calin Zamfirescu & Associates 2006 - present Senior Partner of Zamfirescu Racoţi Vasile & Partners Attorneys at Law.

Languages

English

Member

Professional Membership • Bucharest Bar (since 1991) • National Association of the Romanian Bars • National Union of Romanian Insolvency Practitioners / Vice President • INSOL Europe • International Bar Association • European Association for Banking and Finance Law (Founding Member)

Education

• Romanian Banking Institute - Banking Security Interests Course, (graduated in 1996) • University of Bucharest, Faculty of Law, Post-graduate course in civil and commercial law, (graduated in 1993) • University of Bucharest, Faculty of Law (B.A. in Civil Law, magna cum laudae, 1992) • University of Bucharest, Faculty of Law (B.A. in Law - Economic and Administrative Section, magna cum laudae, 1985; diploma equivalent to B.A. in Economic Studies).


Romania

Dispute resolution

Within: Dispute resolution

Calin-Andrei Zamfirescu, Stan Tirnoveanu and Cosmin Vasile jointly head the practice at Zamfirescu RacoŇ£i & Partners. Vasile successfully defended the National Agency for Mineral Resources in a claim brought by Chevron relating to the termination of three shale gas concessions. Proceedings also included a counterclaim of $73m, which was successful in favour of the client. It also assisted Uzuc Romania with bringing a successful claim for damages for defect liability against India-based Prakash Steelage. Areas of expertise include corporate and commercial litigation and international arbitration.

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Restructuring and insolvency

Within: Restructuring and insolvency

Zamfirescu RacoŇ£i & Partners¬†represents OMV Petrom in relation to insolvency proceedings of both InterAgro SA and InterAgro SRL. Insolvent Hidroelectrica instructed the group in a dispute with electric energy traders, which raised the question of the extent to which a debtor in insolvency may be ordered to pay damages for the termination of agreements. Stan Tirnoveanu¬†serves as practice head.

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