Firms To Watch: Tax

Noerr has a 'very client oriented tax team' that was boosted significantly by the arrival of new practice head Theodor Artenie from Schoenherr si Asociatii SCA.
KPMG Legal - Toncescu & Partners SPRL has invested significantly into the the disputes side of its practice in recent years and this has started to pay dividends, with partners such as Vlad Peligrad  and Nicoleta Mihai  making a good impression.
Artenie Secrieru & Partners is an ‘excellent‘ boutique tax firm founded in 2020 and comprising Andreea Artenie  and Cristi Secrieru, formerly partners at Deloitte Central Europe and Reff & Associates SCA, respectively.

Tax in Romania

Biris Goran SPARL

Biris Goran SPARL has a broad-based tax practice with a market-leading reputation for landmark disputes. The firm regularly represents some of Romania’s largest institutions, Banca Comercială Română being a notable example, on their confrontations with the tax authorities. The firm’s expertise covers direct and indirect taxes, and its lawyers are praised for their ‘good knowledge and understanding of the law’ and being ‘always willing to find a solution‘. Key team members include founding partner Gabriel Biris , whose experience also extends to legislative reforms, and Ruxandra Jianu  , who works within the firm’s tax consulting arm, Biris Goran Consulting. Support here includes advice on corporate tax structuring and M&A.

Practice head(s):

Gabriel Biriș; Ruxandra Jianu

Testimonials

‘The team is client and problem solving oriented. They understand clients’ needs and always look for a solution, also different ways to improve or to mitigate risks within legal limits.’

‘A good knowledge and understanding of the law. Always willing to find a solution’

 

Key clients

BCR (Banca Comercială Română)

Farmec SA

Distribuție Energie Electrică

eMAG (Dante International)

River Development

The Family Butchers (former H&E Reinert)

Oriflame Romania

Impuls Leasing Romania

Fildas Catena Group,

Angelli Spumante & Aperitive

Hagag Development Europe

Immofinanz, Global Vision

Forte Partners

Vastint

Cris-Tim

Titan Mar

Thales Romania

LeasePlan Romania

LeasePlan Service Center

One United Properties

Work highlights

  • Assisting Banca Comercială Română on a major multimillion Euro dispute with the tax authorities concerning transfer pricing, share transfers and assignment of receivables, as well as corporate income tax matters specific to financial institutions.
  • Legal advisor the largest Romanian energy distributor, Distribuție Energie Electrică in a complex tax dispute.
  • Provided tax assistance to River Development following the sale of one of its real estate developments.

D&B David si Baias SCA

D&B David si Baias SCA fields a selection of ‘very proficient lawyers‘ who are ‘experts both on the tax area and in in the management of the contentious procedures‘. The well-balanced practice includes highly-rated tax litigation head Dan Dascălu  who is ‘one of the best tax litigators on the market‘. He is supported by the ‘excellent professional skills‘ of Mihail Boian , commended for being ‘an exceptional communicator and team organizer‘. The lawyers are regularly trusted with a broad range of complex direct and indirect tax disputes. The firm’s membership of the PwC network also makes it a top choice for strategic advisory matters, with additional corporate and regulatory input from partners such as Sorin David .

Practice head(s):

Sorin David; Dan Dascalu

Other key lawyers:

Ana-Maria Iordache; Anda Rojanschi; Mihail Boian

Testimonials

‘D&B David si Baias has a team of very proficient lawyers, experts both on the tax area and in in the management of the contentious procedures, providing for our company an exceptional legal assistance during a very complex matter.’

‘D&B David & Baias has a very professional team of lawyers, each individual lawyer having an excellent expertise in the legal area he or she is proficient. We have worked closely with Mihail Boian, who has excellent professional skills and expertise, being oriented to the client, an exceptional communicator and team organizer.’

‘Dan Dascalu and his team have an exceptional practice in tax litigations, coming from three areas: in depth knowledge of Fiscal Procedural Code and permanent collaboration and research of Dan Dascalu to improve legislation in this area; books written in this field; Grow and maintain valuable members in his team, such as Mihail Boian.’

‘Dan Dascalu is closely supervising the cases, although there are junior partners involved in the case, perfectly capable to handle it; this is the best insurance for the client that the case is treated in the best way possible; he is also getting in touch with the clients for sensitive matters. He is always aware what is going on with the case. Mihail Boian, despite the fact that he is very busy, will always be in touch with the client and keep hands on the file, advising the client on best approach and, in general, about similar cases on the market, position of the authorities, developments of legislation. Even after years he will remember details of the case. Andreea Racu-Stoica is also performing well.’

‘The team is great in handling challenging litigation, who require a multidisciplinary approach and a thorough, in-depth knowledge of fiscal regulations and proceedings, as the lawyers’ practical experience and excellent theoretical background makes even the most difficult cases seem easy for them.’

‘Dan Dascalu is one of the best tax litigators on the market, with excellent background derived from being both a practitioner and a professor with a successful academic career. He leads a team who is able to bring victory to even the most difficult and complex cases, who require the highest degree of know how and ability to implement such know how into solutions that fit the client’s needs.’

‘Their legal team has also a very good knowledge of tax issues, and that’s of essence.’

‘Agile, tech users, open-minded.’

Key clients

Petro Ventures Europe BV – Bucharest branch

Work highlights

  • Representing Petro Ventures Europe in a complex tax litigation that raises the issue of discrimination between national and foreign entities over the differentiated taxation of corporate income.

Nestor Nestor Diculescu Kingston Petersen

Nestor Nestor Diculescu Kingston Petersen has a highly-focused tax team that covers all the key areas for its domestic and international clients. The lawyers are praised for their ‘quick and great quality support‘, as well as their ‘integrity, positive attitude, commitment to the business and cross-functional integration‘. The firm’s specialist team puts it ahead of many rivals. Practice heads Marius Ionescu  and Alina Timofti  share nearly 50 years’ experience. They are backed by an experienced group that includes partner Lucian Barbu , who regularly advises on company reorganisations and mergers. Silviu Badescu  is especially experienced in cross-border tax issues, while Alexandru Aparaschivei  heads the VAT side of the practice.

Practice head(s):

Alina Timofti; Marius Ionescu

Other key lawyers:

Lucian Barbu; Silviu Badescu; Alexandru Aparaschivei

Testimonials

‘The tax team from Nestor is very flexible, because they were able to provide to us quick and great quality support at the time when we need it. They are covering now all tax compliance, tax advisory services. They have high tax experience and they always come up with good solutions.’

‘Their strengths are integrity, positive attitude, commitment to the business and cross-functional integration and of course tax expertise.’

Bancila, Diaconu ?i Asocia?ii SPRL

Formerly known as Radu si Asociatii, Băncilă, Diaconu și Asociații SPRL has rebranded following the retirement of former name partner Dragoș Radu. The changeover has not impacted clients who praise ‘extremely competent and knowledgeable team. Fully focused on the client’s needs’. Practice head Emanuel Băncilă  is an extremely experienced tax litigator who regularly represents domestic and multinational clients before the authorities. Director Alex Slujitoru  is also considered a major asset, praised by clients for his ‘strong oral communication skillsand ‘problem solving way of thinking‘. The team has experience across the full array direct and indirect tax issues, while the firm’s membership of the EY network is a major draw for clients seeking non-contentious advice.

Practice head(s):

Emanuel Băncilă

Other key lawyers:

Alex Slujitoru; Călin Stan; Corina Nicu; Ana Mihai

Testimonials

‘A solid and very technical team.’

‘Open for discussions, proactive, quick and documented answers received. Great collaboration.’

‘Extremely competent and knowledgeable team. Fully focused on the client’s needs. Proactive and easy to communicate with and understand all of the latest legal issues to assist with the litigation they are handling for us.’

‘Emanuel Bancila and Alex Slujitoru are our main points of contact but they ably are supported by Cristiana Ionescu and Andreea Dincovici. The individuals work well as individuals but also as a team. They communicate promptly and efficiently and language is not a barrier.’

‘Until now I had the opportunity to discuss only with Alex Slujitoru and Emanuel Bancila. Based on our interaction I think that they are a really strong, well organized team focused on the client’s needs,somebody that you can count on. Communication with them is always easy both from their availability point of view and also from the understanding of the topic/business cases point of view.’

‘From my point of view, one big asset of the company is Alex Slujitoru. He has a really practical, problem solving way of thinking. Also, I really enjoyed his strong oral communication skills while discussing directly with the representatives of the tax authority. He was really clear, concise, easy to understand and managed to send a strong message to the discussion partners.’

‘The members of the team have a pragmatic approach, they are professionals with a great deal of practical experience, offer clear solutions and they are very open to the client’s opinion.’

‘The practical experience gained over the years, the various cases practiced, the pragmatic approach it promotes would be the main strengths of both the team, as a whole and individually and I mean here those I work with, namely Emanuel Bancila and Alex Slujitoru’

‘Collaboration at one click distance, very prompt, high level of professionalism of the attorneys.’

‘Very good collaboration, immediately receiving answers / feedback, high skills of the attorneys.’

‘High professional level, homogeneous team of professionals, very good communication, excellent collaboration.’

‘Very good professionals, kind, prompt, good communication, reliable’

 

Key clients

Petrotel Lukoil

Johnson Controls Group

Bunge Romania

Schaeffler Romania and Schaeffler Technologies

Nestle Romania

ENKA Construction and Development

Adient Automotive Romania

Smart Diesel

Administratia Romana a Serviciilor de Trafic Aerian ROMATSA

DS Smith Packaging

Allianz

Bechtel

Green Vision Seven

Mercedes Benz Leasing

SMS Group

Hendrickson Corp

Green Vision Seven

Chep Equipment Pooling

Applied Physics Institute

Work highlights

  • Representing Petrotel Lukoil on a complex and high value tax evasion and money laundering case involving.
  • Representing three companies from the Johnson Controls Group in challenges before the tax authorities against the results of audits with liabilities of approximately €23 million.
  • Assisting Bunge Romania in challenging adverse CIT, VAT and transfer pricing-related tax audits.

Tuca Zbârcea & Asociatii

Tuca Zbârcea & Asociatii has a top notch tax team that ‘works in a seamless manner and is extremely committed to delivering best quality services to clients‘. The group is jointly led by Razvan Gheorghiu-Testa , who handles the non-contentious side of the practice including M&A related issues, and the versatile Alexandru Cristea , who has particularly good experience of VAT and excise duty audits.  Domestic and multinational clients regularly use the firm on cross-border mandates and international structuring. Clients benefit from a deep talent pool that includes tax directors Ramona Chițu, Cristian Velcu and the ‘excellentNarcisa Ichim. Access to experienced disputes partners such as Ioana Hrisafi and Christina Vladescu  also adds value to the overall offering.

Practice head(s):

Razvan Gheorghiu-Testa; Alexandru Cristea

Other key lawyers:

Ramona Chițu; Cristian Velcu; Narcisa Ichim

Testimonials

‘The team works in a seamless manner and is extremely committed to delivering best quality services to clients and external professionals they work with. I was one on those. I appreciate their ability to listening and understanding key issues, concerns and risks before providing any sort of suggestion, in order to avoid rash and partial feedback. They are reliable and timely in what they do.’

‘Overall, they are technically strong and thus can manage all the current trends and concerns that businesses are facing in the given industry. I had the chance to work with Alexandru Cristea (Partner), Narcisa Ichim (Director), Cristian Velcu (Director), Corina Miron (Senior Associate) and Andrei Jipa (Senior Associate) in several projects ranging from transfer pricing to supply chain re-shaping, both from an indirect and a direct tax perspective. Their feedback is clear and well focused.’

‘From my perspective, what makes the difference is the people behind the organisation. In particular, Narcisa is an excellent professional who is always willing to provide the best support.’

‘Great skills and client support.’

‘What in my opinion stands out regarding the team is the fact that the people that form it are very goal oriented and adaptable. I believe that nowadays these qualities are mandatory in all areas of business.’

‘I worked with Ramona Moisa Chitu and Andreea Florian and we managed to form a great team and thus achieve the desired result. Both are very well prepared, quick and responsive.’

‘Collaboration with Tuca Zbarcea & Asociatii is extremely efficient considering the vast areas covered by their services and expertise, the promptness and the level of understanding of the business.’

‘Real tax specialists, we use them in particular for transfer pricing and labour tax. Communication is great.’

‘Communication and availability.’

Key clients

CEZ Group Romania

Alstom

Gedeon Richter

Heisterkamp Transport

Vitaro Energy, part of Vitol group

Total Romania

Fortuna Group

Alka Co

Amromco Energy

Work highlights

  • Tax advice for Alstom’s projects in Romania, and also certain projects in Eastern Europe.
  • Tax assistance to CEZ Romania in relation to its ongoing operations in the Romanian energy market, as well as advice on tax inspections and litigation.
  • Ongoing tax advice to Total Romania in relation to its local and cross-border operations.

CMS

CMS has a good track record for strategic and day-to-day tax advice. The firm represents several major international and domestic companies on direct and indirect tax issues, including advice on structuring M&A deals and company reorganisations. The firm’s international network makes it a compelling choice for cross-border tax issues. The team also defends clients on audits and litigations, and has been involved in several challenges to the authorities, including a major VAT-related appeal. Practice head Roxana Popel has over 18 years’ market experience and previously worked at one of the Big Four. Recently promoted tax director Andrei Tercu also has good credentials.

Practice head(s):

Roxana Popel

Other key lawyers:

Andrei Tercu

Testimonials

‘Proper expertise in merger activities’

‘Available any time and prepared with right answers’

‘Roxana is known as one of the most experienced tax advisors in Romania, with a broad experience in Romanian and international corporate taxation, M&A aspects and tax optimisation solutions. She is also known as being specialised in the FMCG sector. We have worked together in past on various projects and currently we are frequently consulting on various tax matters. It was always a pleasure to work with her. She is the tax advisor I would use with confidence, knowing she is a very reliable persons, looking always to find solution even to very complicated tax issues. I would definitely recommend Roxana to clients looking for tax advice in Romania in an international context.’

Key clients

AFI Europe N.V.

CCC

Genagricola

Accor

ZTE Corporation

Work highlights

  • Advising the real estate investor AFI Europe on tax issues linked to its strategic acquisition of office projects in Romania.
  • Advising the real estate investor AFI Holdco on tax issues linked to six intra-group mergers following the acquisition of six office-owning entities from NEPI Rockcastle.

DLA Piper Dinu SCA

DLA Piper Dinu SCA comes highly recommended by clients for its ‘very knowledgeable team‘, ‘close interaction with the clients‘ and ‘strong response time‘. The lawyers, including the ‘very well connected‘ practice head Tudor Nedelea and tax director Ionela Florescu, are ‘open to find solutions that consider the business and regulatory limitations‘. Strategic direct and indirect tax advice on cross-border matters is a definite strong point, including support on acquisitions, divestments, company restructurings and transfer pricing issues. The practice also has a good track record on tax disputes and audits and is highly experienced in dealing directly with the authorities.

Practice head(s):

Tudor Nedelea

Other key lawyers:

Ionela Florescu

Testimonials

‘Have had DLA’s tax team help on a matter quite recently and they’ve been quick in reacting and being present on our site and very good at providing us with the needed support. Also a very good online collaboration, always accommodating our needed slots for calls/video conferences and providing support under tight deadlines.’

‘Tudor Nedelea and Ionela Florescu have been our contacts. Good team, client oriented, great collaboration.’

‘Close interaction with the client, strong response time’

‘Engaged in the respective topic, open to feedback, consistent in deliverables.’

‘Very knowledgeable team; quick in terms of response; always able to find a solution for our tax issues; good contacts in Romania. The team is outstanding. We trust them, they are honest, reliable and accountable.’

‘Very knowledgeable people; they are always available for quick calls; their advice is simple to understand; the individuals have good English skills. Also the partner is able to address the questions to the right persons of the team based on their expertise and knowledge.’

‘DLA Piper’s tax team is great to work with, we have a long lasting relation due to their readiness in providing input, quality of the advice and thorough analysis performed from all angles. I can rely on their technical skills and business knowledge anytime.’

‘Tudor Nedelea is very well connected to the market and up to date with the developments in our sector, while together with Ionela Florescu they are the right consulting team for our needs. Regardless of the type of the project or stage of it, they are open to find solutions that consider the business and regulatory limitations.’

‘Their employees have experience both in industry and consultancy and from this perspective can be closer and understand better the client’s need for solutions.’

‘They understand the client’s needs and build a close relationship based on trust. They try to find solutions and have answers to the concerns raised by the client.’

‘The constant support and resolve challenging queries.’

‘I believe the high efficiency, the fast resolution and reply.’

Key clients

Voxility

WIPRO Technologies

R+P ROPECO

Hydro Extruded Solutions

Top Diagnostics

Agrii Romania

Work highlights

  • Assisting WIPRO Technologies with tax issues linked to the acquisition of Metro Group’s IT division.
  • Advising R+P ROPECO on tax issues linked to the sale of a local technology company, especially with respect to the transaction’s price structuring.
  • Advising Hydro Extruded Solutions in a mediation process concerning potential accruals for tax risks in the sale of its Romanian subsidiary.

Musat & Asociatii

Musat & Asociatii‘s team of ‘very efficient‘ and ‘really client oriented‘ partners and associates do ‘great work‘ on the tax front. The practice has good expertise advising clients at the international and domestic level. Its comprehensive service includes support on corporate income tax, VAT and transfer pricing issues. The team works closely with colleagues in the firm’s active corporate department to assist with the tax treatment of cross-border transactions. Equally, the firm’s highly-rated disputes team is on hand for contentious issues. Practice co-heads Razvan Graure  and Angela Porumb respectively handle non-contentious and contentious matters.

Practice head(s):

Răzvan Graure; Angela Porumb

Testimonials

‘I think one of their strengths is working as a team and focusing on solutions. They really listen to the client and understand its need and use their team to make a strategy to address the need. They really do great work.’

‘The people we have interacted with are really client oriented, both partners and associates, and very efficient. Having worked with other lawyers before I can say without hesitation that the people from Musat & Asociatii have impressed me.’

 

Key clients

Amazon

Ferring Pharmaceuticals

Abbvie Investments

Kaufland Romania

Future Healthcare

CHR. Hansen

Agentia Servicii Professional

Sermedic

Rhenus Logistics

Gilead Sciences Europe

Limagrain

Freedompay

Google

Atos SE

Work highlights

  • Advising Amazon on extending and restructuring its local presence in Romania, regarding tax incentives for local employees, including drafting the relevant documentation.
  • Advising Limagrain, an international agricultural co-operative group, specialized in field seeds, vegetable seeds and cereal products, with respect to various tax matters regarding the restructuring of its business in Romania.
  • Assisting Kaufland Romania, one of the largest retail companies in Romania, in relation to a tax auditing process with respect to corporate income tax and VAT.

Popovici Nitu Stoica & Asociatii

Popovici Nitu Stoica & Asociatii will miss its longstanding practice head Mihaela Pohaci, who retired in late 2020. She has been replaced at the helm by Raluca Rusu, a certified tax consultant with over 15 years’ experience. The firm continues on a strong path, and is especially active on non-contentious matters. The team provides support to the corporate practice on structuring company reorganisations and acquisition. In recent years it has been particularly busy on the commercial real estate side, both with development and investment projects. Partner Alexandru Ambrozie  also has experience of tax matters and the intersection with white-collar crime.

Practice head(s):

Raluca Rusu; Alexandru Ambrozie

Key clients

Azomures

Estoria City

Burda

Fondul Proprietatea

Ameropa

Impuls Leasing (a company owned by Raiffeisen Bank)

Orange

Enea

ALD Automotive

Dedeman

Kalpataru Power Transmission Limited

Simona Halep

Work highlights

  • Assisting Estoria City, a joint venture company, on tax issues linked to its mixed-use office, residential and retail development project.
  • Assisting Azomures in designing and implementing new collaboration structures with suppliers in order to tackle challenges entailed by the Covid 19 lockdown period and subsequent restrictions.
  • Advised Burda Group on the tax aspects of the sale of its Romanian business.

Reff & Associates SCA

Reff & Associates SCA is recommended for its ability to find ‘a feasible commercial approach‘ to high-stakes cases. The disputes side of the practice handles a broad array of direct and indirect tax claims, including challenges to audits and decisions that reach the highest level. This includes experience of transfer pricing, customs, environmental and claw-back taxes. Recently the firm was involved in several high-profile cases for major energy and financial services companies. The firm’s international credentials are enhanced by its membership of Deloitte, which handles the non-contentious side. Mihnea Galgoţiu-Săraru leads the team, which includes senior managing associate Bogdan Marculet who has ‘vast experience‘.

Practice head(s):

Mihnea Galgoțiu-Săraru

Other key lawyers:

Bogdan Marculet

Testimonials

‘Reff & Associates has a strong Tax practice. Their lawyers know very well the industries they serve and this is a key ingredient of our successful partnership. We are used to working with them in high-stake cases on which they always find a feasible commercial approach.’

‘Bogdan Marculet and Laura Spiridon are key lawyers with vast experience that brought us the finest results in our high-stake cases. Besides that, they are continuously preoccupied to modernize their profession and improve and innovate the relation between business environment and legal professionals.’

‘Very high quality prepared team.’

‘Up-to-date answers and flexible timing.’

‘In-tune with technology, great knowledge of their field, ability to scale the teams as needed.’

‘Apart from the above I would also say flexibility and engagement.’

Key clients

Enel Romania Group

Kuweit Petroleum Romania

Banca Transilvania

Deutsche Leasing Romania

Halliburton Energy Services Romania

Faurecia Romania

Aedificium

Berlin Chemie A. Menarini

ILF Consulting Engineers

Sammarina Imobiliare,

Kautex Craiova

Sisecam Automotive (Glasscorp Romania)

Work highlights

  • Representing ENEL Group in various tax disputes challenging the decisions issued by the Romanian Tax Authorities to multiple entities within the group.
  • Advice to Aedificium following an audit performed by the Romanian Court of Accounts concerning the restitution of unlawful granted state premiums.
  • Advising Deutsche Leasing Romania in a cross-border tax controversy arising from an additional withholding tax imposed by the Romanian tax authorities in relation to the interest revenues from the financing of a Romanian company.

Schoenherr si Asociatii SCA

Schoenherr si Asociatii SCA is best known for it strategic tax advice which it offers through a specialist company, Schoenherr Tax Bucharest SRL. Practice head Adriana Stoian receives plaudits for being a ‘a highly experienced tax advisor‘ and an ‘excellent professional‘ whose ‘advice is totally reliable‘. The firm has a good track record for transaction-related advice and cross-border matters. The team also works closely with the firm’s litigation department for contentious tax issues. Clients come from across a range of industries, including power, oil and gas, financial services, real estate and technology.

Practice head(s):

Adriana Stoian

Testimonials

‘With Adriana Stoian on board, Schoenherr no doubt has a strong tax practice. Adriana is an excellent professional. She has a lot of experience and her advice is totally reliable.’

‘I know Schoenherr from the market as a top law firm in Romania. As part of their full-service approach, at some point they also added tax advisory to their offering. This allows them to provide integrated legal and tax services to their clients.’

‘I know Adriana Stoian, who currently runs Schoenherr’s tax advisory practice, for almost a decade by now. We have worked together on a number of projects and I would warmly recommend her to clients seeking to receive exceptional M&A tax assistance as well as international tax advice (including transfer pricing). Adriana is a highly experienced tax advisor, one of the best I have worked with and I think one of the most experienced tax advisors in the Romanian market. She is capable, proactive, a great problem solver and team player, a true pleasure to work with. Adding her to their team has been a very smart decision for Schoenherr and I truly believe she will manage to get the Schoenherr tax practice to the next level.’

 

Work highlights

  • Assisting an international financial institution in a €50m tax dispute against the Romanian tax authorities.
  • Advised the local subsidiary of a multinational financial services group on tax matters regarding an M&A transaction in Romania.
  • Advised a real estate investor on tax matters in Romania regarding the company’s cross-border acquisition of a participation in another company.

Bohalteanu şi Asociaţii

Bohalteanu şi Asociaţii has an experienced tax practice, commended for its ‘client focus and innovative solutions‘ and ‘outstanding collaborative corporate culture‘. Clients use the firm for a wide range of matters including cross-border issues such as transfer pricing and double taxation, as well as VAT and corporate tax structuring. Ionut Bohalteanu leads the team and is noted for providing ‘reliable advice and input, in a highly professional and dedicated manner‘. Clients include major international law firms for referral matters, financial institutions, and manufacturing, engineering, energy, life sciences and transport companies.

Practice head(s):

Ionuț Bohâlțeanu

Testimonials

‘Bohalteanu si Asociatii has been providing legal assistance to our company since 2020 on various tax matters (including contracts specific to the field of activity from a tax perspective). Client focus and innovative solutions are all key factors in BSMP’s work. A very dedicated and involved team, competitive and even surpassing other larger firms we collaborated with.’

‘Partner Ionut Bohalteanu has assisted us regarding sensitive tax matters (such as resident/non-resident tax treatment) and provided us reliable advice and input, in a highly professional and dedicated manner.’

‘The collaborative corporate culture within BSMP is outstanding, which combined with their lawyers vast experience ensures client satisfaction.’

‘Ionut Bohalteanu’s expertise in fiscal and tax matters ensures the conclusion of successful transactions.’

bpv Grigorescu Stefanica

bpv Grigorescu Stefanica has a ‘very responsive‘ team that delivers ‘good quality for a reasonable price‘. The firm handles a mix of advisory and contentious tax issues and regularly represents clients before the courts on challenges to audits and tax assessments. On the strategic side, the firm has a good track record for tax advice on corporate and real estate transactions, as well as business launches and broader cross-border issues. The team is led by partner Anca Grigorescu , who also has strong expertise on the tax treatment of employee benefit schemes and stock option plans.

Practice head(s):

Anca Grigorescu

Testimonials

‘The were very responsive and delivered good quality for a reasonable price.’

‘We worked mainly with Anca Albulescu (and also Anca Grigorescu, Cristina de Jonge, Cristina Randjak) and the communication with her was very good.’

‘The team is proactive, professional and very receptive to our requests. We are always informed about the status of the various files – court actions that we have in progress.’

‘We have permanent contact and an excellent communication with Octavian Marian. We also had a some very constructive meetings with Anca Grigorescu.’

Key clients

Supernova Invest

voestalpine Romania

Tiriac Imobiliare – Goldale Real Estate

Humangest Group

voestalpine Automotive Components Arad

Klingspor

Forty Management

Kuke

Barilla

Work highlights

  • Advised Supernova Invest on tax issues linked to the acquisition of Jupiter City Shopping Mall in Pitesti.
  • Represented Tiriac Imobiliare before the tax authorities concerning a disputed tax audit and notice of assessment.
  • Advised Barilla Group regarding the tax requirements for establishing a representative office or a company in Romania.

Buzescu Ca

Buzescu Ca advises clients across a wide range of sectors, and has good expertise on direct and indirect tax issues. Clients in the technology sector regularly use the firm to advise on the tax treatment of stock option and employee benefit schemes. A large portion of the firm’s clients are international, and the practice is experienced in structuring cross-border transactions including acquisitions and restructurings. Energy companies often instruct the firm on trading related customs and tax issues. Adrian Tomescu leads the team with strong input from managing partner Peter Buzescu.

Practice head(s):

Adrian Tomescu

Other key lawyers:

Peter Buzescu

Testimonials

‘We haven’t found any law firm in Timisoara as professional as theirs. Our collaboration was beyond perfect, couldn’t ask for more. Anytime we will return to their services, we were very satisfied by their personnel and professionalism.’

‘Their are providing top quality legal services, always solving everything that we could possibly encounter. Also the fact that they are also providing pro bono services for various charities says a lot about them. Their team is very well trained to please any client.’

 

Key clients

ALGOLIA

SYNOPSYS

VIAVI SOLUTIONS

BRIGHT MACHINES

VIKING INTERNATIONAL

RICHARD FRANASSOVICI

DALEA INVESTMENT GROUP

KASPERSKY LAB

TRAVELPORT

Work highlights

  • Advised Algolia, a US-based international web search company, with regard to the recent acquisition of MorphL AI, an AI technology company, including advice on the tax treatment of deal and earn-out considerations to be paid to key employees.
  • Advised Viavi Solutions regarding the taxation of its equity awards to Romanian employees under stock option plans.
  • Advising Viking International on various tax issues, including a tax audit concerning a rig imported in Romania by the Romanian subsidiary, as well as VAT, customs duties issues, and tax enforcement proceedings.

Laurentiu, Laurentiu & Asociatii

Laurentiu, Laurentiu & Asociatii is a highly-regarded firm based in the city of Cluj. The firm regularly assists clients in the telecoms, technology and real estate sectors on industry-specific issues, including the structuring of stock option plans and the tax treatment of free lance employees and consultants. Other areas of expertise include transfer pricing and the structuring of real estate acquisitions and development projects. The ‘intelligentAlin Mihai Laurentiu is praised for his ‘very structured approach and deep legal and cultural knowledge. Achim-Sorin Razoare is also ‘especially involved in finding the best solution for our particular needs’.

Practice head(s):

Alin-Mihai Laurentiu

Other key lawyers:

Achim-Sorin Razoare

Testimonials

‘From the LLA team, I have mainly worked with Alin Laurentiu, Ioana Laurentiu and Sorin Razoare. If I were to describe some of their qualities, I would say that Alin is extremely insightful and innovative, a visionary, who always comes up with solutions or new approaches and manages to defeat the most fierce opponent, by often bringing him unexpectedly on his side. Ioana is intelligent, confident and very well prepared, diplomat, but with founded arguments, a force to be reckoned with. Sorin is highly trained, specialized in tax law, with an analysis capacity connected to other legal areas, anchored in the business reality, meticulous and organized – a man you can count on.’

‘The overall level of service is, based on my experience with Laurentiu, Laurentiu & Associates, excellent. Although it is difficult to sum up years of intense collaboration in just a few sentences, I can say that what I appreciate the most is the prompt response to all our requests, the business-oriented, yet risk-aware approach, the creative thinking, the attention to details, the international mindset, everything sustained by in-depth legal knowledge. I highly recommend Laurentiu, Laurentiu & Associates as a professional team of smart, intuitive, creative and reliable lawyers.’

‘Although all the lawyers at Laurentiu, Laurentiu & Associates with whom I have worked fulfilled and at times even surpassed my expectations, I would like to single out Alin Laurentiu and Sorin Razoare, two intelligent lawyers, with strong legal knowledge, good professionals and reliable partners. Alin Laurentiu represents the perfect combination between very good legal knowledge and a business-oriented mindset and approach, which allows him to find creative solutions for the client’s needs, adapting the somewhat out-of-date Romanian legislation to the more modern business models. He understands both the local business environment and global companies, always trying to innovate, always finding solutions. Sorin Razoare is reliable, capable of delivering the best quality, even in case of tight deadlines and complex situations, always showing great involvement and commitment.’

‘Laurentiu, Laurentiu & Associates were able to help us understand the best practices regarding taxation and set up our corporate structure in such a way that it’s both flexible and risk free.’

‘All partners were very helpful, with the main point of contact Sorin Razoare being especially involved in finding the best solution for our particular needs.’

‘We used them to be able to comply on the transfer price law – very effective.’

‘Laurentiu, Laurentiu & Associates have come up with immediate answers on complex questions regarding our tax systems and other tax-related items.’

‘I have worked with Sorin and Alexandra, both of them professionals in the business.’

‘Alin-Mihai Laurentiu is intelligent, understands the business environment, has a very structured approach and deep legal and cultural knowledge, which allows him to have an open approach to creating innovative contracts and incentive structures.’

‘Alin Laurentiu: exceptional mindset to understand the business needs and find solutions for our issues. Very good negotiations skills. Sorin Razoare: persuasive, very good knowledge, always on time, great follow-ups on all topics.’

Key clients

Steelcase

Telenav Software

Grab Chronos

Nemetos Consulting

Italian Cable Company

Blugento

Amera Tower

Arex FM

E-Cablaje

Tora Trading Services

SPV Investment

Soimeni Parc

Fundatia Traditio Transylvanica

Hoerbiger Service Romania

CBS Design

Work highlights

  • Advised Telenav Software, the Romanian subsidiary of Telenav, regarding the fiscal implications of collaborating with freelancers.
  • Advised Steelcase regarding the applicability of the tax exemptions for employees working in the IT industry.
  • Advised Grab Chronos, the Romanian subsidiary of Grabtaxi Holdings, regarding the tax implications of shares issued to its employees according to a stock option plan implemented at group level.