Firm Profile > Popovici Nitu Stoica & Asociatii > Bucharest, Romania

Popovici Nitu Stoica & Asociatii
239 CALEA DOROBANTI
6TH FLOOR, 1ST DISTRICT
010567 BUCHAREST
Romania

Commercial, corporate and M&A Tier 1

Popovici Nitu Stoica & Asociatii has established itself as one of the most active transactional firms in the market, having handled a huge volume of M&A in the past decade. As well as strategic corporate investments, the firm is also highly experienced on the private equity side, as well as corporate real estate, and supporting areas such as capital markets, competition, regulatory and tax. Florian Niţu and Bogdan Stoica have developed very strong reputations. Managing associate Irina Ivanciu is also noted.

Practice head(s):

Florian Nitu; Bogdan Stoica

Key clients

DB Schenker

Immofinanz

Oresa Ventures

Philips

Fondul Proprietatea/Franklin Templeton Investment Management

Orange Romania

US Ferro Corporation

Xella

Ameropa

Net Brinel

Continental Automotive GmbH

BRD Société Générale

Optical Network

Certinvest

Voestalpine

Dispute resolution Tier 1

Popovici Nitu Stoica & Asociatii is a market leader for business critical litigation and international arbitration. On the litigation front, the team has good expertise in commercial, civil and administrative disputes, and Ciprian Donțu, Ilinca Ștefănescu-Goangă and Mihaela Ion are all experienced litigators. Florian Nițu and Raluca Petrescu are the main contacts for international arbitration.

Practice head(s):

Ciprian Dontu

PPP and procurement Tier 1

Popovici Nitu Stoica & Asociatii has substantial experience in procurement work and represents a mix of private and public sector clients. The firm has been involved in several major tenders in the education, healthcare, and IT sectors, and also has notable expertise in major infrastructure projects. Alexandru Ambrozie has a track record advising contractors and software developers, while Florian Niţu has recently been very active on the public sector side. Irena Anca Tudorie is also noted for her strong expertise in infrastructure projects, and highly experienced associate Ramona Pentilescu is also well regarded.

Practice head(s):

Florian Niţu; Irena Anca Tudorie; Alexandru Ambrozie

Key clients

SIVECO Romania

Hidroconstructia

Medist

SAP

Swietelsky

S&T

Azvi

ARUP UK

Iridex

Medist Imaging

Net Brinel

NTT Data

Medtronic

Senia Music

Real estate and construction Tier 1

Popovici Nitu Stoica & Asociatii is a premier choice for major real estate projects, disputes and transactions. The team has an excellent track record advising developers on major mixed-use projects throughout the country, while on the transactional front the group has recently handled several major office acquisitions. Clients include land owners, developers, investment funds, strategic investors and lenders. Florian Niţu and Valentin Creața lead the team, which also includes Ioana Șampek, Bogdan Stoica and Cristian Popescu.

Practice head(s):

Florian Nițu; Valentin Creata

Testimonials

‘They are very involved and committed and have good character and attitude.’

‘Bogdan Stoica worked around the clock.’

Key clients

Auchan Group (Auchan Romania, Immochan, Leroy Merlin)

Immofinanz Group

Hochtief Development

Dedeman

Knight Frank

Rabo Farm

P3 Logistic Parks

WDP

Cross City

Ipso

CITYRING PROPERTY

UNIQA REAL ESTATE

River Development

Lactalis

DSV Solutions

ERES

Restructuring and insolvency Tier 1

Popovici Nitu Stoica & Asociatii remains a top choice for creditors and debtors for major insolvencies and restructurings. The team handles contentious matters before the courts and is also well equipped to deal with complex financial and corporate group restructurings. Litigation partner Ciprian Donțu leads the team.

Practice head(s):

Ciprian Dontu

Capital markets Tier 2

Popovici Nitu Stoica & Asociatii is recommended for transactional and regulatory capital markets work. The firm acts for numerous listed domestic and international investment funds and asset managers, and is especially active on the equity capital markets front. Bogdan Stoica and the highly rated Alexandru Ambrozie lead the team.

Practice head(s):

Bogdan Stoica; Alexandru Ambrozie

Testimonials

‘It is an experienced practice with a long tradition, with experts covering not only advisory, but also capital markets litigation and tax matters specific to capital markets/funds. A team covering advisory, litigation and tax at a high level is rather rare in Romania. In addition, they have good knowledge not only of EU regulations, but also of the UK practices, being easy for them to work together with our UK lawyers.’

‘Alexandru Ambrozie is not only a great specialist in capital markets, but he is able to understand also tax, disputes and local aspects, being able to coordinate and provide a comprehensive and pragmatic approach.’

Key clients

Franklin Templeton Investment Management Limited United Kingdom

Property Fund

Ameropa

Oresa Ventures

Certinvest

Voestalpine

Immofinanz

Dedeman

Xella

Revaho Beheer BV

SIF Banat-Crișana

SIF Muntenia

Electrica

Sphera

Employment Tier 2

Popovici Nitu Stoica & Asociatii handles a variety of employment-related work for domestic and international clients. The team is closely integrated with the firm's tax, health and safety and white-collar criminal law practices. Vlad Neacșu and managing associate co-head Ioana Cazacu have strong expertise in the full range of contentious and non-contentious employment issues.

Practice head(s):

Vlad Neacşu; Ioana Cazacu

Testimonials

‘The team is very capable, prompt and focused on the customer needs.’

‘They have been able to efficiently assist on difficult negotiations with employees, negotiations on redundancy cases and assistance with success in labour disputes. The team is working on a cost-effective basis, and has a strong client approach and listening skills. Perfect skills for foreign companies.’

‘Ioana Cazacu is available at all times and has been a key person in difficult labour negotiations. Vlad Neacsu was the partner in charge and made sure that we received the right assistance.’

Key clients

Ameropa

Akzo Nobel

Albalact (Lactalis Group)

Auchan & Leroy Merlin

Ipsos Interactive Services

Marsh Romania

Medtronic

Schlumberger

UPS Romania

US Corporation Ferro

Yandex

SAP

Louis Berger

Horizon Industries

Energy and natural resources Tier 2

Popovici Nitu Stoica & Asociatii's energy clients benefit from the expertise of several of the firm's key partners. Senior partner Ernest-Virgil Popovici has notable experience of renewable and nuclear energy, particularly on the projects side. Practice co-head Vlad Neacșu is also noted for his transactional and projects experience, while litigation head Ciprian Donțu is sought after for related disputes.

Practice head(s):

Ernest-Virgil Popovici; Vlad Neacsu

Intellectual property Tier 2

Popovici Nitu Stoica & Asociatii is particularly sought after by clients in the software, manufacturing and consumer goods industries to handle the full range of issues, including trade mark protection, litigation, licensing, and corporate-related IP support. The firm's advice to tennis player Simona Halep on IP-related matters, including the player's endorsement agreements, is an example of its expertise in more niche areas. Practice head Cristian Popescu has good experience in contentious and non-contentious matters.

Practice head(s):

Cristian Popescu

Key clients

Simona Halep

Dedeman

Auchan

Ameropa

Albalact

Orsay

Medisport

Pietta Glass Working

Greentek

Medicover

SAP Romania

Asseco SEE

Siveco

Xella

Unilever Romania

Tax Tier 2

Popovici Nitu Stoica & Asociatii's highly rated tax practice has been extremely busy providing transactional support across a range of deal types,  including M&A, real estate acquisitions and intra-group restructurings. The team also works closely with other key departments, including litigation, IT, employment and white-collar criminal law and regularly assists clients with major tax audits. Mihaela Pohaci is one of the country's leading tax lawyers.

Practice head(s):

Mihaela Pohaci; Alexandru Ambrozie

Key clients

Auchan & Leroy Merlin

Immofinanz

Lactalis

Fondul Proprietatea

Ameropa

River Development

Enea

Impuls Leasing (a company owned by Raiffeisen Bank)

Hochtief

Dedeman

TMT Tier 2

Popovici Nitu Stoica & Asociatii provides a comprehensive service to its broad client base. The team has recently acted for several major international IT companies on their entry into the Romanian market. It provides strong contentious and non-contentious support on major public procurement contracts and is highly experienced in negotiating broadcast transmission agreements. Ernest-Virgil Popovici, Silviu Stoica and Florian Niţu are all jey names in this area.

Practice head(s):

Ernest-Virgil Popovici; Florian Nițu; Silviu Stoica

Key clients

S&T

SIVECO Romania

Orange

UPS

GTS Telecom, a company owned by Deutsche Telekom

Asseco SEE

Enea

EBS, a company owned by NTT Data

VIA SMS Group

SAP Romania and SAP America

Yandex

Net Brinel

White-collar crime Tier 2

Popovici Nitu Stoica & Asociatii has a solid practice led by Alexandru Ambrozie, who has a strong focus on white-collar crime, fraud, corruption and regulatory enforcement investigations. The firm has achieved some notable successes for clients facing multi-faceted corruption and fraud enquiries, often with a cross-border element.

Practice head(s):

Alexandru Ambrozie

Key clients

SIVECO Romania

Hidroconstructia

Swietelsky

EU and competition Tier 3

Popovici Nitu Stoica & Asociatii has a strong standing in the market for contentious and non-contentious advice. The firm is instructed by several major domestic and international companies to assist with merger clearance, compliance, state aid, and investigations by the authorities. Mihaela Ion leads the highly regarded team, which also benefits from the expertise of senior partner Silviu Stoica.

Practice head(s):

Mihaela Ion

Key clients

Ameropa

Dedeman

Medicover

Albalact

Akzo Nobel

Olanesti

SIVECO Romania

Medtronic

Auchan

Orange

Banking and finance Tier 4

Popovici Nitu Stoica & Asociatii is regularly instructed by leading banks and borrowers. The firm has solid expertise in asset, acquisition and retail finance, and is also strong on regulatory matters and structured products. Bogdan Stoica and Alexandru Ambrozie are key names.

Practice head(s):

Bogdan Stoica; Alexandru Ambrozie

The firm: Popovici Nitu Stoica & Asociatii is a leading Romanian independent law firm. Established in 1995 as one of the first incorporated partnerships, the firm brings together strong local resources with exceptional credentials, outstanding records and distinguished careers in law, business and academia. The Bucharest office groups today 80 qualified lawyers and tax advisors. Focusing traditionally on the private sector and on foreign investment projects, Popovici Nitu Stoica & Asociatii is acknowledged by the vast majority of observers and peers as ‘the transactional law firm’ among the market leaders. The firm has constantly been involved in the majority of the M&A transactions in Romania from various industries such as energy, healthcare, retail, IT, financial services, telecoms and real estate.

Areas of practice
Mergers and acquisitions: M&A expertise is central to the firm’s practice. It brings together and integrates the expertise of other acknowledged practice groups within the firm, such as capital markets, tax, competition and antitrust, and litigation.

Popovici Nitu Stoica & Asociatii is involved in some of the largest transactions of each year, an aspect also usually acknowledged by the Romanian Financial Newspaper (Ziarul Financiar) through its yearly awards: largest transaction in Real Estate in 2018, largest transaction in the building materials sector in 2018, largest transaction in Real Estate in 2016, largest transactions in Retail in 2015, largest transactions in IT and FMCG in 2014; largest IT&C transaction in 2013, largest AGRO/FMCG transaction in 2013, largest AGRO/FMCG transaction in 2011, largest transaction in the financial industry in 2011, largest IT&C transaction in 2010, largest transaction in healthcare in 2009 and largest transaction in energy in 2009.

Recent transactional highlights:

  • Oresa on: (i) the sale of Somaco, one of the leading precast concrete producers in Romania, to LafargeHolcim; and (ii) the sale of RTC Proffice Experience, a leading stationery and office supplies company, to Altex group.
  • Dedeman on: (i) the acquisition The Office, a three Class A buildings project in Cluj-Napoca, with approximately 60,000 sqm of Class A leasable area; (ii) the joint venture with Element Invest in the new top logistic project Eli Park 1, consisting of 3 buildings with a total 45k sqm GLA; (iii) the setting up of a private equity fund focused on supporting SMEs, i.e. Equiliant Capital.
  • Plantextrakt and Plantmed, two companies engaged in the pharmaceutical industry, on their sale to MB Beteiligungs.
  • Certinvest, largest Romanian asset management company, on the sale of its pension funds to Banca Transilvania.
  • Optical Network, the leading retailer on the Romanian optical market, on its sale to Innova Capital.

Banking and finance: Recent transactional highlights:

  • RI-GD Investments DAC, an affiliate of Rabobank, on a €30m financing granted to Origin Enterprises.
  • Ameropa on the €324m financing for refinancing existing bilateral facilities and supporting new working capital needs of its Romanian entities.
  • CLN Group on three financings amounting to €134m granted by IFC.

Competition & Antitrust: Recent transactional highlights:

  • Auchan in merger control proceedings before the Competition Council related to My Auchan proximity stores operating in Petrom gas stations.
  • Orange in relation to the network sharing agreement concluded with another telecom company.
  • Albalact in three investigations and a preliminary examination conducted by the Competition Council.
  • Several leasing companies in the Competition Council investigation on the financial and operational leasing services market and on the consumer credit market.

Real Estate: Recent transactional highlights:

  • Lactalis retained PNSA to advise on the acquisition of a class A office building in the centre of Bucharest for the relocation of its local subsidiaries.
  • Crisware and Hexagon Developments on the development of Advancity Business Center, Vivido Business Center and CUBE in Cluj.
  • P3 Logistic Parks on the acquisition of Craiova Logistics.
  • Cross City on the development of Estoria City.

Intellectual Property: Recent transactional highlights:

  • WTA world number 1 tennis player Simona Halep on the negotiation of contracts with sponsors, TVs, equipment producers and, generally, on all her IP related matters.

Energy & Natural Resources: Recent transactional highlights:

  • Several subsidiaries of Enel on the annulment of various orders issued by the Romanian Energy Regulatory Authority that sets the regulated rate of return applied for the approval of the tariffs for the electricity distribution service provided by the concessionaire distribution operators.
  • Property Fund, as significant shareholder in Hidroelectrica, on the annulment of various orders regarding regulated energy prices and quantities for electricity sold by producers on the basis of regulated contracts, issued by the Romanian Energy Regulatory Authority.
Department Name Email Telephone
Ernest-Virgil Popovici (Senior Partner) Ernest.Popovici@pnsa.ro +40 21 317 7919
Florian Nitu (Managing Partner) Florian.Nitu@pnsa.ro +40 21 317 7919
Bogdan C. Stoica (Deputy Managing Partner) Bogdan.Stoica@pnsa.ro +40 21 317 7919
Photo Name Position Profile
Mrs Ioana Șampek  photo Mrs Ioana Șampek Partner
Mrs Ilinca Ștefănescu-Goangă  photo Mrs Ilinca Ștefănescu-Goangă Partner
Mr Alexandru Ambrozie  photo Mr Alexandru Ambrozie Partner
Mr Valentin Creața  photo Mr Valentin Creața Partner
Mr Ciprian Donțu  photo Mr Ciprian Donțu Partner
Mrs Luana Dragomirescu  photo Mrs Luana Dragomirescu Managing Associate
Mrs Ioana Dumitru  photo Mrs Ioana Dumitru Managing Associate
Ms Mihaela Ion  photo Ms Mihaela Ion Partner
Ms Irina Ivanciu  photo Ms Irina Ivanciu Partner
Ms Ela Marin  photo Ms Ela Marin Managing Associate
Mr Vlad Neacșu  photo Mr Vlad Neacșu Partner
Mr Florian Nițu  photo Mr Florian Nițu Managing Partner
Mrs Raluca Petrescu  photo Mrs Raluca Petrescu Partner
Mr Cristian Popescu  photo Mr Cristian Popescu Partner
Mr Ernest-Virgil Popovici  photo Mr Ernest-Virgil Popovici Senior Partner
Mr Bogdan C. Stoica  photo Mr Bogdan C. Stoica Deputy Managing Partner
Mr Silviu Stoica  photo Mr Silviu Stoica Partner
Ms Anca Irena Tudorie  photo Ms Anca Irena Tudorie Partner
Number of partners : 16
Number of lawyers : 80
English
French
Italian
Romanian

Anti-corruption compliance concerns & best practices in time of COVID-19

In the middle of a crisis such the current one, companies face variousunforeseeable challenges. And although at this moment the attention is directed towards overcoming this situation, one may not neglect how this outcome is achieved, especially considering that once the “storm”is over, misconducts tend to come to light and regulators will almost sure enforce the relevant regulations.

About strategic businesses during the COVID-19 pandemic

With a fewnotable exceptions, all companies are struggling these days. For some itis about organizing general business survival, for some it is about dealingwith the short-term cash-flow management, some are restructuring their businessand resetting the employment scheme, while for some the only option was tofreeze production and apply for various public support measures.

The aftermath of COVID-19 outbreak – Practicing social distancing during AGMS of listed companies

Introduction

As the negative consequences of COVID-19 continue to expand, companies are facing various demanding challenges, one of them being related to the organisation of the Annual General Meetings of the Shareholders (“AGMS”).


COVID-19: Real Estate market implications. Particular insights into Lease Agreements

1. Introductory aspects

Since its outbreak in November, 2019 in China, COVID-19 has rapidly spread across Europe, the general opinion being that the peak is yet to come. The aggressive rate of spreading of COVID-19 has marked the financial markets, which now indicate a decrease of the earnings expectations.


State aid amid COVID-19 outbreak

PNSA COVID-19 Legal Response Team

COVID-19: Arbitration – Where to?

The COVID-19 pandemic has shaken the globe and virtually all sectors have had to adapt to an increasingly contact-free environment. The world of arbitration is no exception, and in the past weeks we have seen a series of adjustments and solutions targeted at both safeguarding the health of participants and preserving the continuity of the process.

Coronavirus & competition. Breach of Competition Law? “Price gouging” or not?

First one: Coronavirus & competition – any potential link?

PNSA advised Ameropa Group on a €324 million syndicated financing

PNSA advised its long-standing client Ameropa Group, worldwide leading Swiss grain and fertilizer trader, on the €324 million multicurrency revolving financing granted by a syndicate of banks composed of Banca Comerciala Romana, Raiffeisen Bank, ING Bank N.V. Amsterdam – Bucharest Branch and UniCredit Bank.


OPTIblue and Klarmann to be taken over by Innova Capital

OPTIblue and Klarmann to be taken over by Innova Capital

Popovici Niţu Stoica & Asociaţii advised Optical Network, the leading retailer and an important distributor on the Romanian optical market, on its sale to private equity fund Innova Capital.


Oresa sales Somaco to LafargeHolcim

PNSA advised the Swedish investment fund Oresa on the sale of Somaco, one of the leading precast concrete producers in Romania, to LafargeHolcim.


PNSA advised an Irish financial institution on a EUR 30,000,000 financing

PNSA advised RI-GD Investments DAC, as lender, on the accession of two Romanian subsidiaries of an Irish agribusiness group to a EUR 30,000,000 financing.


PNSA advised Magnetto Wheels on a new significant financing

PNSA advised its long-standing client Magnetto Wheels on the negotiation of a guarantee agreement under the framework of an €134m financing granted by IFC and Cassa Depositi e Prestiti S.p.A.


PNSA advised Dedeman on a new landmark transaction – acquisition of The Office in Cluj-Napoca, in


Data Privacy Impact Assessment at a glance / All you need to know

By Alexandru Ambrozie, Partner Popovici Niţu Stoica & Asociaţii and Luana Dragomirescu, Managing Associate Popovici Niţu Stoica & Asociaţii


Enforcement and Sanctions under the GDPR

By Alexandru Ambrozie, Partner Popovici Niţu Stoica & Asociaţii and Luana Dragomirescu, Managing Associate Popovici Niţu Stoica & Asociaţii


New Partners with POPOVICI NIŢU STOICA & ASOCIAŢII

January 2018

POPOVICI NIȚU STOICA & ASOCIAȚII promotes three lawyers to partnership.


GDPR: Relations and responsibilities in the processing of personal data

GDPR: Relations and responsibilities in the processing of personal data (controllers, processors and sub-processors)

There is no doubt that every company processes personal data (e.g. of its’ employees’, clients’, contractual partners’).

Most often, this also involves a constant barter between companies processing personal data and companies providing various services (e.g. HR, IT, payroll, datacenters, cloud services), both of them falling within the scope of the GDPR.


Strengthening the Fight against Money Laundering and Terrorism Financing

Laundered money is oxygen to crime, terrorism and tax-avoidance. We need to cut off its supply as best we can. Today's stronger rules are a big step forward but we now need quick agreement on the further improvements the Commission proposed last July",

(…) The new rules as of today are crucial to closing further loopholes. I urge all Member States to put them in place without delay: lower standards in one country will weaken the fight against money laundering and terrorist financing across the EU. I also call for quick agreement on the further revisions proposed by the Commission following the "Panama Papers" to increase transparency of beneficial ownership”,


The clock is ticking. Implementing the General Data Protection Regulation

With 2018 just around the corner and the European Union setting a clock on raising the standards of personal data protection, companies are starting to prepare themselves for new challenges.

The General Data Protection Regulation (“GDPR”) approved by the EU in 2016 will enter into force on the 25th of May 2018 and all companies processing personal data need to be compliant by that time.


Companies are welcoming a new team player – the Data Protection Officer

The new General Data Protection Regulation (“GDPR”) could not have enlarged data controllers’ and data processors’ obligations and apply such great sanctions without anticipating the need for companies to appoint a Data Protection Officer (“DPO”).

While companies must now turn their focus on ensuring compliance with the GDPR every step of the way, the DPO will be a key player in reaching this goal.


Recent changes to the Labour Code. Tougher rules aimed to tackle undeclared work

By amending the Labour Code in August 2017, via the Emergency Ordinance no. 53/2017, the Government toughened the rules on conclusion and declaration of employment contracts and facilitated the authorities’ control activities in the sensitive area of undeclared work.

Some of the main changes introduced by EGO no. 53/2017 are related to the registration of employment contracts, to the prohibition of rendering work/accepting work in the absence of a written employment contract and to the employer’s obligation to officially record the daily duration of each employee’s presence in the work place, including entry and exit hours.