Twitter Logo Youtube Circle Icon LinkedIn Icon

The Legal 500 Hall of Fame Icon The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In Europe, Middle East and Africa, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for seven consecutive years. These partners are highlighted below and throughout the editorial.
Click here for more details

Romania > Restructuring and insolvency > Law firm and leading lawyer rankings


Index of tables

  1. Restructuring and insolvency
  2. Next generation lawyers

Next generation lawyers

  1. 1

Who Represents Who

Find out which law firms are representing which Restructuring and insolvency clients in Romania using The Legal 500's new comprehensive database of law firm/client relationships. Instantly search over 925,000 relationships, including over 83,000 Fortune 500, 46,000 FTSE350 and 13,000 DAX 30 relationships globally. Access is free for in-house lawyers, and by subscription for law firms. For more information, contact


The team at CMS is jointly headed by Horea Popescu, Gabriel Sidere and Simon Dayes. Popescu is an expert in large-scale NPL portfolio transactions and Dayes is particularly strong in the restructuring of financing for energy and real estate projects. Sidere covers insolvency, debt recovery, and financial distress-related disputes. The group recently acted for the Romanian subsidiary of a multinational software-industrial company as creditor in three separate insolvency proceedings. Sales and purchases of credit assets form the recent caseload, as do a number of restructurings. One notable example is an instruction from an Italian global banking and financial services company. which sought lender advice on the financial restructuring of Serbia-based Victoria Group.

Dragne & AsociaŇ£ii SCA¬†handles debt recovery, bankruptcy and liquidation matters, representing a client base consisting of banks and financial institutions in addition to corporate debtors and creditors. Joint practice heads¬†Stelian Garofil, Andreia Dumitrescu¬†and Daniel Cirstea¬†are the names to note. Cirstea formed part of a team representing a Greek bank's London branch in insolvency proceedings against several debtors; Dumitrescu acted for creditor Sind Tour Trading in several insolvency proceedings.

Bogdan Bibicu‚Äôs team at Kinstellar¬†covers the gamut of restructuring and insolvency matters. It advised EFG Bank Luxembourg¬†on state-owned Hidroelectrica's insolvency proceedings, particularly in relation to protecting the client‚Äôs receivables arising under a multi-currency facility agreement. The team is also advising Citibank and BRD ‚Äď Groupe Soci√©t√© G√©n√©rale on amendments to and restructuring of existing finance taken by RCS & RDS.

Nestor Nestor Diculescu Kingston Petersen's team consists of ‚Äėknowledgeable individuals‚Äô who form a ‚Äėwell balanced team‚Äô. Manuela Nestor¬†and Ana Diculescu-Sova¬†co-head the group, which excels in contentious matters and represented ADM International in insolvency proceedings of Bioromoil, seeking to recover ‚ā¨22.5m. Former Italian bank Veneto Banca instructed Valentin Voinescu¬†to advise on an application for group insolvency proceedings aiming to recover ‚ā¨24m.

Recent highlights for PeliFilip include a number of insolvency proceedings and restructuring deals. Ioan Dumitrascu heads the practice, which has industry-specific knowledge and frequently acts for clients in the energy and natural resources, financial services, telecoms and FMCG sectors.

Practice head Ciprian Donțu is the name to note at Popovici Nitu Stoica & Asociatii. The team covers the full range of legal issues arising from restructuring and insolvency, handling both contentious and transactional matters. In has advised Fondul Proprietatea in connection with $65m debt owed by the World Trade Center as part of its insolvency proceedings and Auchan on the insolvency of K&S Electric Power Point.

ŇĘuca Zb√Ęrcea & AsociaŇ£ii¬†specialises in insolvency litigation, liquidations, corporate restructuring and reorganisation and debt restructuring. Ciprian Dragomir¬†is advising Omilos Oradea, owner of the Era Park Oradea shopping mall, on its request for insolvency law protection against its creditors; the team supervised the debtor‚Äôs administration procedure.¬†Christina Vladescu¬†represents creditor Bancpost in relation to Creativ Proprietati Imobiliare's insolvency.

Bondoc si Asociatii SCA is highly rated for its restructuring and insolvency work. Viorel Dinu and Simona Petrisor are the key names; the team has acted for Luscan Com on the acquisition of a business from an insolvent company in the extractive industry.

bpv Grigorescu ŇětefńÉnicńɬ†is equipped to handle the full range of restructuring and insolvency matters and represents both debtors and creditors. It acted for Fr√ľhwald following its insolvency; the team represented the client as judicial administrator and successfully proposed its reorganisation plan before the Creditors‚Äô General Assembly. Alexandru Rusu¬†heads the practice.

Clifford Chance Badea¬†is noted for its ‚Äėextremely professional, knowledgeable and detail-oriented‚Äô team. Counsel Vlad Peligrad, who¬†heads the practice jointly with Daniel Badea,¬†is ‚Äėrelentless in pursuing the client‚Äôs best interests‚Äô. He advised Cris-Tim on its acquisition of insolvent meat processing business, Diavist Process, including its distressed assets. On the restructuring side, the team advised a consortium of banks on the financial restructuring of debt held by a Greece-based manufacturer.

Dentons acts for debtors, creditors, shareholders, foreign and domestic investors as well as officers and directors of distressed companies. Practice head Tiberiu Csaki assisted an global agricultural cooperative with a successful debt recovery via insolvency proceedings involving a Romanian trader of cereals. Work for debtors includes the ongoing representation of a chemical manufacturing company in insolvency proceedings, where the group assisted in challenging the measures implemented by the judicial receiver.

Mihai Popa¬†heads the practice at MuŇüat & AsociaŇ£ii¬†and represents clients throughout all steps of restructuring and insolvency. The team acts for a¬† number of clients in the energy, construction, pharmaceutical, retail and financial industries. Managing associate Iuliana Bidalache¬†is highly recommended.

Pavel, Margarit & Associates Romanian Law Firm¬†is ‚Äėone of the most experienced law firms in restructuring and insolvency‚Äô. The ‚Äėexperienced‚Äô and ‚Äėresponsive‚Äô practice head¬†Radu-Catalin Pavel¬†‚Äėunderstands the client‚Äôs needs‚Äô. The team renders pre-insolvency restructuring advice, advises companies through the insolvency or restructuring procedures as well as on the continuation of distressed companies.

Emeric Domokos-Hancu¬†is a ‚Äėbright and resourceful insolvency lawyer‚Äô and heads¬†Schoenherr Ňüi AsociaŇ£ii SCA's practice jointly¬†with Sebastian Gutiu. The team is reputed for handling large-scale restructurings and major cross-border bankruptcy cases. Nortel Networks instructed the group as its Romanian counsel after filing¬†insolvency proceedings across Europe, the US and Canada. Gutiu enjoys an ‚Äėexcellent reputation‚Äô and ‚Äėdistinguishes himself through his professionalism‚Äô.

Voicu & Filipescu SCA’s team is headed by Mariana Popa, who tailors her practice towards insolvency administration, liquidation and restructuring. The group was appointed as liquidator in ONT Carpați's bankruptcy and was also elected as official receiver for the insolvency of the Romanian branch of research institute Institutal Pasteur.

The practice at Wolf Theiss is jointly lead by Ileana Glodeanu, Bryan Jardine and Ligia Popescu. It handles the full range of insolvency-related issues, namely corporate matters, the enforcement of securities, judicial administrator challenges and related litigation. Jardine and Glodeanu are acting for MFC Commodities, one of the largest unsecured creditors in the insolvency proceedings concerning state-owned chemical producer Oltchim.

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.

At BiriŇü Goran SPARL, practice head Raluca Nastase¬†is acting for Global Vision on its acquisition via public auction of 93ha of land from three companies in insolvency. Her team is particularly experienced in restructuring options analysis and is active in the construction and real estate, telecoms, energy and transport sectors.

Practice head Andrada Bulgaru is the standout practitioner at Bulboaca & Asociatii, acting for MRI Trading and Astor Management in insolvency proceedings opened against a market-leading copper company. The team notably represents Unicredit Leasing in relation to insolvency proceedings against a large portfolio of debtors.

Firon Bar-Nir & Co (Europe) Ltd handles all aspects of liquidation and insolvency. Work examples include insolvency-related litigation, schemes of arrangement and re-organisation. Catalin Cotorogea is the name to note in the Bucharest office.

Maravela & Asociatii‚Äôs ‚Äėclient-oriented‚Äô and ‚Äėbusiness-focused‚Äô team is noted for its ‚Äėproactive attitude and availability‚Äô. Recently promoted partner Dana RńÉdulescu¬†heads the practice jointly with Gelu Titus Maravela. The duo assisted Chimcomplex with its acquisition of insolvent Oltchim's core business assets.

Mitel & Asociatii handles the full range of insolvency-related procedures and litigation and is particularly experienced in representing overseas investors. Magda Dima heads the team and represented Rewe Romania in relation to the bankruptcy procedure initiated against Vortex International.

Noerr is recommended for its advice on insolvency procedures, including reorganisation and restructuring matters. Alexandru Ene heads the team, which has particular knowledge of the automotive, banking, chemical, energy, manufacturing and retail industries.

Recent highlights at Piperea »ôi Asocia»õii SCA¬†include assisting BumbńÉcńÉria Rom√ĘneascńÉ with its insolvency procedure and representing BRD ‚Äď Groupe Soci√©t√© G√©n√©rale in its attempt to recover $1.2m of loans provided to OMV Global Husi. Prof Dr Gheorghe Piperea¬†is the name to note in a team that is praised for its ‚Äėknowledge, skills and professional yet close relationship with clients‚Äô.

The team at Sioufas & Colaboratorii is headed by Alexandra Ologu and acts for both debtors and creditors. Ologu is assisting debtor Bitulpetrolium Serv in an insolvency procedure that was opened as a means of protection from the tax authorities.

Valeriu Stoica‚Äôs team at STOICA & AsociaŇ£ii ‚Äď Attorneys at Law¬†regularly acts for Banca ComercialńÉ Rom√ĘnńÉ and has assisted the client with over 1,000 micro-enterprise insolvency cases. Stoica is also representing Bancpost in an¬† insolvency procedure of a real estate developer.

TMO Attorneys at Law in association with KPMG Romania acts for creditors, debtors, liquidators, receivers and stakeholders and handles the full range of insolvency procedures. Nicoleta Mihai heads the team alongside Alexandru Stanoiu and is assisting with the restructuring and insolvency of five entities belonging to Mediafax Group.

International Law Firm Networks

International comparative guides

Giving the in-house community greater insight to the law and regulations in different jurisdictions.

Select Practice Area

GC Powerlist -

Press releases

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to

Legal Developments in Romania

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

Press Releases in Romania

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to