Leading firms in Moldova

Gladei & Partners

Gladei & Partners’ first-rate reputation is reflected by its work for high-calibre domestic and international clients on many of the largest and highest profile mandates seen in the market. The team is strong across all levels of seniority, and is highlighted for its breadth of expertise across a number of areas. Managing partner Roger Gladei is well-known as a standout practitioner in the banking and finance arena. Also recommended is of counsel Vitalie Ciofu, who is a strong choice for commercial and corporate litigation and arbitration. Senior associate Iulian Pașatii co-ordinates the real estate and construction, intellectual property and personal data practices. Associate Dan Nicoară leads the firm’s offerings in relation to M&A, competition and energy, while associate Valeriu Cernei heads up the dispute resolution practice. Recent highlights included Gladei, Nicoară and others acting for the EBRD on a €20m investment in a 25% stake in Vestmoldtransgaz, which is the gas transmission company that is operating the newly-built Ungheni-Chisinau gas pipeline.

Other key lawyers:

Vitalie Ciofu; Irina Sugoneaco

Testimonials

‘The lawyers have very good communication skills. They write and speak clearly, persuasively and concisely. They manifest good creativity in problem-solving. Also the team is able to research quickly and effectively to understand our needs and to prepare the legal strategies.’

‘Iulian Paşatii is trustworthy, confident, reliable, knowledgeable and has strong communication skills. He can think outside the box and is honest.’

‘Excellent knowledge of local corporate legislation including the industry-specific regulation in the banking sector. Fast response time.’

‘They will always provide necessary time and knowledge, expertise for their clients.’

‘Gladei & Partners law firm has an excellent understanding of Moldovan law in its practical application, and also a business skill set that allows it to handle any challenge faced by its clients.’

‘Lawyers are highly skilled at analysing legal issues and providing precise answers and solutions.’

‘Iulian Paşatii (managing associate) is smart, open-minded and multi-tasking. He works on every case with great dedication. The high quality of co-operation is also determined by excellent interpersonal skills and attention to even the tiniest details.’

‘They were very capable on the deal on which we worked together. They had sufficient resources, and were proactive and I was happy with their work.’

Key clients

EBRD

World Bank

Google

OTP Bank

Kaufland

Rompetrol

Ericsson

Proparco

Zurich Insurance

Horizon Capital

Embassy of the Czech Republic

Inspiring Development

Mikro Kapital

Obermeyer

Advanta UPL

CertSign

SADE

Ludwig Pfeiffer

Vetropack

CEFTA Secretariat

Credit Europe Bank

Moldova-Agroindbank

Moldindconbank

Victoriabank

OTP Bank SA

BCR – Erste Group

ProCredit Bank

Association of Private ICT Companies (ATIC)

International Development Law Association (IDLO)

Doverie Holding

Invalda

EON Reality

HEIM Partners

Microinvest

Mogo Loans

INOKS Capital

Bongard SAS

Otto Work Force

Easy Credit

EBRD

World Bank

Google

OTP Bank

Kaufland

Rompetrol

Ericsson

Proparco (Société de Promotion et de Participation pour la Coopération Economique)

Zurich Insurance

Horizon Capital

Embassy of the Czech Republic

Inspiring Development

Mikro Kapital

Obermeyer

Advanta UPL

CertSign

SADE

Ludwig Pfeiffer

Vetropack

CEFTA Secretariat

Credit Europe Bank

Moldova-Agroindbank

Moldindconbank

Victoriabank

OTP Bank SA

BCR – Erste Group

ProCredit Bank

Association of Private ICT Companies (ATIC)

International Development Law Association (IDLO)

Doverie Holding

Invalda

EON Reality

HEIM Partners

Microinvest

Mogo Loans

INOKS Capital

Bongard SAS

Otto Work Force

Easy Credit

Work highlights

  • Advising the EBRD on the acquisition of a 25% holding in Vestmoldtransgaz, the gas transmission company that is operating the newly built Ungheni-Chisinau gas pipeline.
  • Assisted Aragvi Holding (Ireland) and its Moldovan related parties on a $450m notes offering on the Euronext stock exchange.
  • Advised Vetropack on the acquisition of a glassworks in Moldova, which comprises two separate operational units (Glass Container Company and Glass Container Prim).

Schoenherr Moldova

Schoenherr Moldova is prominent in headline mandates in Moldova, with it being able to draw on the resources of the wider international network where necessary. One of the main contacts in the team is Vladimir Iurkovski, who leads the corporate and M&A practice and is also a key figure in the dispute resolution and regulatory groups. He works with recently promoted senior associate Andrian Guzun, who has a key role in major energy-related, regulatory and white-collar instructions handled by the firm. In addition, he is also noted for his corporate and real estate expertise. Associate Denis Lefter is another notable individual in the group, whose recent highlights included acting for Pinto Mold on a corporate restructuring.

Practice head(s):

Vladimir Iurkovski

Other key lawyers:

Andrian Guzun; Denis Lefter

Testimonials

‘Excellent service provided. We were constantly kept updated – I wish more firms were as responsive!’

‘Vladimir Iurkovski was great to work with – a real credit to the profession!’

‘Vladimir Iurkovski and his team (Andrian Guzun) are practical, result-oriented and very responsive.’

‘Fast response, easy-to-understand advice and commitment, as well as understanding of the client’s needs.’

Key clients

Telia AB

Lego Group

Otokar Group

Medtronic group

Pinto Mold

Vetropack Holding AG

S&T AG

Petrom-Moldova SRL

Takeda Moldova

Schembera Consulting

Aileron, Inc.

Henkel Romania SRL

Mary Kay Inc

Paysafecard

OCN Total Leasing & Finance SA

Stork International GmbH

Erste Bank

Air Charter Service Ltd

Republic of Kazakhstan

Reif and Reif Law Offices

Sporting Club of Australia PTY. Ltd

Worldpay Limited

SC Deniauto SRL

Rodina Europe

Work highlights

  • Advised Vetropack Holding Ltd on its acquisition of two glass packaging manufacturers, Glass Container Company (GCC) and Glass Container Prim (GCP), as well as its Romanian subsidiary, located in Chisinau.
  • Advising Pinto Mold on its corporate restructuring.
  • Acted for Otokar Group (Turkey) on the submission of its tender bids to Chisinau local authorities involving the supply of buses for local public transportation.

Turcan Cazac

Turcan Cazac’s standing in the market is reflected by the fact that it acts for more than 500 foreign companies with operations in Moldova. Fielding seven partners, the team is visible in major corporate and finance transactions, as well as complex projects and high-profile disputes. Managing partner Alexander Turcan has experience of acting for regional investors on matters involving a number of industries, including telecommunications, energy, retail and distribution. Another key individual is Octavian Cazac, whose wide-ranging experience includes project finance and syndicated lending transactions, as well as PPPs and cross-border M&A. Vadim Taigorba, who has a strong track record in secured and unsecured financings, is noted for his aviation law expertise. Iulia Furtuna heads up the litigation practice at the firm. Ana Galus, Mariana Stratan and Vladimir Palamarciuc are other key partners in the group. In 2020, Taigorba and Cazac acted as Moldovan counsel to the European Bank for Reconstruction and Development on the provision of a €2.5m loan to IM Directia de Troleibuze din Balti to finance the acquisition of new trolley buses and technical service vehicles to be used in the Balti Municipality.

Key clients

Apple

Microsoft

Citibank

Alibaba Group

Facebook

Tencent Holdings

Siemens

Procter & Gamble

BMW Group

Lukoil

Bayer

Airbnb, Inc.

Booking.com International B.V.

Lear Corporation

Metro AG

OTP Bank Nyrt.

Société Générale S.A.

ING Bank N.V.

Renaissance Securities (Cyprus) Limited

TransGaz S.A.

Banca Transilvania S.A.

Western NIS Enterprise Fund (WNISEF)

European Bank for Reconstruction and Development (EBRD)

European Investment Bank (EIB)

LinkedIn Corporation

Deloitte

Gemeni SA (Rogob Group)

Louis Berger

CERI

Chemonics

Scout 7 Ltd

GovPredict Remote

Work highlights

  • Acted as lead counsel to the Western NIS Enterprise Fund and the other selling shareholders, and provided broad and extensive assistance with the sale of Glass Container Group, the largest Moldovan manufacturer of glass containers for various applications (primarily food and drinks industry).
  • Acted as Moldovan counsel to ING Bank N.V. on the annual pre-export finance facility extended to the Trans-Oil Group, a large vertically integrated agricultural company with its primary operations in Moldova.
  • Acted as Moldovan counsel to the EBRD in relation to a infrastructure development loan extended to a municipal transport enterprise in the Municipality of Balti (Moldova’s second population centre), which is to be used for the purpose of extending and improving its fleet of electric public transport vehicles.

Vernon | David

Vernon | David is a first port of call for clients in high-stakes arbitration cases and litigation, particularly against the state of Moldova; its work in the dispute resolution space spans a number of areas, such as banking, gas distribution, telecommunications and construction. In addition, the firm has a strong track record for handling some of the largest M&A and finance transactions in Moldova. It is also sought after for advice on commercial contracts, real estate transactions and regulatory issues. In addition to being noted for her regulatory expertise, Diana Neagu is knowledgeable about employment issues, such as dismissals, collective bargaining, work permits and visas. Another name to note is Roman Ivanov, who acted for Banca Transilvania on its acquisition of Microinvest. Sergiu Bivol is experienced in domestic and cross-border litigation and arbitration.

Other key lawyers:

Ion Capatina; Sergiu Besliu

Testimonials

‘Vernon David are the finest lawyers that I have ever worked with in Moldova. If you want a trustworthy partner with good knowledge of the local market, but also a dialectic international approach, their team is a perfect match for your business.’

‘Roman Ivanov and Diana Neagu are key lawyers with vast experience that brought us the finest results in our high-stake projects in the Moldovan market.’

‘The team is very diligent. It is easy to communicate and organise legal work that involves more than one jurisdiction. It is always a pleasure working with them.’

‘They show strong legal knowledge and organisational skills during the process.’

Key clients

Eximbank

Mobiasbanca – OTP Group

Banca Transilvania SA

Danish Renewables

Iute Credit

Alfa Bank

Syngenta AG

Kaufland

Victoria Bank

Glovo

Casella Wines Pty Limited

LafargeHolcim

Credit Suisse AG

Alison Hayes

Best4U Group

Wallace Corporate Counsel LLP

Pa&Co International

Victoriabank

Syngenta

Freyrom

Moldovan National Olympic Committee

Sun Communications

ProCredit Bank

Continent (Toyota & Lexus)

Casella Wines Pty

Peace Corp

Purcari Winery

Moldovagaz

Moldinconbank

Work highlights

  • Representing national gas distributor Moldovagaz in a series of court cases against the Moldovan state, involving the determination and calculation of certain fees and taxes to be paid on the distribution of gas. This is a complex regulatory matter that could have serious implications for the operations of the business and gas market in Moldova. The amount currently in dispute is well over €20m.
  • Acting for a large Danish energy producer on its entry into the Moldova market. This mandate concerns the largest renewable energy project in the history of Moldova and will be one of the most significant solar projects in the region.
  • Assisting IuteCredit with its acquisition of a local bank.

Cobzac & Partners

At Cobzac & Partners, managing partner Daniel Cobzac has over 17 years of experience acting for domestic and international investors on a broad cross-section of matters, including privatisations, M&A, finance transactions, restructurings and insolvencies, as well as dispute resolution. Cobzac and senior associate Pavel Digori acted for Estonia-based company Smack Commodities OÜ in an insolvency petition against Moldova-based company Blink Commercial Group. Managing associate Ana Iovu and senior associate Elena Vintea are other notable individuals at the firm.

Other key lawyers:

Pavel Digori

Testimonials

‘Cobzac & Partners provide legally and strategically accurate advice. They have a high level of expertise in restructuring and insolvency, mergers and acquisitions, banking and finance and real estate matters. The team is well-organised and the collaboration with them is easy and efficient. They demonstrate a great level of professionalism, knowledge and skills in both national matters, and also in deals and disputes involving international and cross-border elements.’

‘Daniel Cobzac is knowledgeable and experienced, has great judgement and amazing analytical skills. Daniel is a client-oriented professional. He also possesses excellent communication skills, both oral and written, and he is perseverant, innovative and creative.’

‘Their services are always at the highest level. They work fast and well. I enjoy working with them because they reach the promised results and are always client-oriented.’

‘Daniel Cobzac is an experienced lawyer, with very good business knowledge. I really like that he understands how my business works as well as he understands how the laws work and he knows how to combine his knowledge to get the best result.’

‘The lawyers at Cobzac & Partners provide a high level of commitment to their work and they understand their clients’ objectives, and advocate on that basis. They combine high intelligence with deep knowledge of law and business and inventiveness and get the work done in the best way for their clients. Apart from the fact that they work very well, they are also loyal and support their clients.’

‘Daniel Cobzac is hard-working, very intelligent, ambitious and courageous and has a lot of experience, which helps him to deal with the problems of the clients in a unique way. He approaches every problem and every client individually and always finds the best solutions. Ana Iovu is very good at solving problems quickly, originally and efficiently. She is not afraid to follow new paths, different from the traditional approach and she is great at risk management.’

‘Daniel Cobzac is by far more than just an experienced attorney. He is dedicated to his clients, loves his work and puts passion in it. I am truly grateful for his expertise and diligence in handling each case. Ana Iovu is also a lawyer I was impressed about. She is intelligent, has many innovative ideas and a non-standard approach.’

‘Cobzac & Partners’ lawyers are smart, very hard-working and very good at working under pressure and to tight deadlines. They are attentive to each detail and provide quick, concise, and at the same time, accurate answers and solutions. They are very good at insolvency and restructuring, real estate matters and banking and finance and they are for sure among the best lawyers in Moldova.’

Key clients

C.B. ”Moldova-Agroindbank”

C.B. ”Moldindconbank” JSC

C.B. “Eximbank” JSC

C.B. “Victoriabank” JSC

Glass Container Company JSC

Glass Container Prim JSC

47th Parallel LLC

ABC Gurmandis LLC

Iute Credit LLC

FLORMIN-COM LLC

Comalion LCA LLC

MyTravel LLC

Kazayak-Vin JSC

Suvorov-Vin LLC

Rodals LLC

Asconi LLC

Maser Auto LLC

Aldeco-Prim LLC

ANVECOMEX LLC

Digricom LLC

Vivercon LLC

Chemix Grup LLC

Deco Flowers Prim LLC

NovaNut LLC

Vicmobile LLC

Daramax LLC

Valdactual LLC

Ampelos-Plus LLC

Proterra Grup LLC

Adenosar LLC

SENEREX-S LLC

Danube Logistics LLC

Design Avenue LLC

Estate Invest LLC

Axioma Factoring LLC

SIA Mintos Finance

AS Mintos Marketplace

Bluetech Energy LLC

Esmalda LLC

Uropam LLC

The European Commission

Dak Investments LLC

Acorex LLC

Investment ADH Int

American Chamber of Commerce in Moldova

Work highlights

  • Advised SIA Fertco on the process of securing the annulment of an arbitral award by the International Commercial Arbitration Court at the Chamber of Commerce and Industry of the Republic of Moldova that was against the client.

Brodsky Uskov Looper Reed & Partners

Brodsky Uskov Looper Reed & Partners combines legal and financial consulting capabilities to offer a wide array of services to domestic and international clients. On the legal side, under the leadership of Ivan Turcan, the team provides day-to-day business support, in addition to handling the creation and liquidation of entities, antitrust compliance, cross-border M&A and corporate restructurings. Finance transactions are another key area of strength, particularly in the project finance space. Also notable is that the firm advises clients on interactions with public authorities in the context of public-private partnerships. Turcan works with recently promoted partner Serghei Zaharcenco and associate Vitali Sekeevski, who is an HR and labour law expert.

Practice head(s):

Ivan Turcan

Key clients

APIAM Uniunea de personae juridice “Asociația Producătorilor și Importatorilor de Ambalaje din Moldova”

I.C.S. “AGRORUS-MOLDOVA” S.R.L.

Alcedo Grup SRL

Avicola din Brinzenii Noi SA

Bauart SRL

Bayer SRL

Business-TV Media SRL

Cegoltar SRL

Choсolux SRL

Cistovie SRL

Coca Cola Îmbutiliere Chisinau SRL

Dask Centru SRL

DEFACTO RETAIL MVA SRL

ÎCS ELECTRA NORTE MOLWIND SRL

ELUCRU INC SRL

Equipment Line SRL

Agrocenter Eurochem SRL

Evrascon Europe SRL

Explor Tur SRL

Fabdei SRL

Federatia Sindicala a Contorlorilor de trafic Aerian din Republica Moldova

Group of companies commonly known as Felicia

Fox-Aero SRL

Giness SRL

GIZ Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH

Representative office of Glaxosmithkline Export Limited

Gvura SRL /Tiferet SRL /Netzah SRL

HABAU PPS PIPELINE SYSTEMS S.R.L.

IEK Trade SRL

Reprezentanta din Moldova a Societatii pe Actiuni Private “IMPERIAL TOBACCO PRODUCTION UKRAINE”

Logistica si Comunicare SRL

Liupas Imobil SRL

Asociațiai Obșteșteasca Moldox

Nadif Trading SRL

Nestle SRL

O’Key Imobil SRL

OpenLM Software SRL

Paymaster SRL

Planton Solutii SRL

Asociatia Obsteasca Reprezentanta din Republica Moldova a Asociatiei Swiss Red Cross

Road Bridge Tunnel Construction SRL

Sanin SRL

Atelierul Lui Sergiu Prodan-Pr Şi Publicitate SRL

Solvex Lux SRL

Asociaţia Obştescă Sparta Premium

Reprezentanța din Moldova a Întreprinderii Mixte Ucraineană-Spaniolă «Сперко-Украина» ООО (SRL)

Stratigo International SRL

System Capital Management SRL

Stincom Service SRL

Slavena Lux SRL

TMP Log SRL

Todicamp SRL

Tregi Group SRL

Turk Hava Yollari also known as Turkish Airlines

Umbrela Studio SRL

Media Gallery SRL (Varo-Inform)

Work highlights

  • Advised Russia-headquartered company Penoplex SpB on the acquisition of Orange Tower SRL, which is based in the free economic zone in Moldova. The goal of the transaction is to launch a plant in Moldova for the production of building materials and finishing materials based on polymers.
  • Advised Felicia Group on the purchase of Gedeon Richter plc shares in its Moldovan subsidiaries Gedeon Richter-Retea Farmaceutica SRL and Rihpangalfarma SRL.
  • Advised Agrocenter Eurochem SRL (member of the Eurochem group of companies) on antitrust compliance.