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

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

Romania > Commercial, corporate and M&A Tier 1

Popovici Nitu Stoica & Asociatii has one of the top M&A practices in the Romanian market, regularly winning roles on the country’s largest transactions. The firm acts for a wide mix of corporate blue-chips and private equity houses and is a referral favourite with major international law firms. Clients come from across a wide range of sectors, including telecoms, pharmaceuticals, retail and IT, and the firm’s depth of expertise in related areas such as capital markets, tax and competition ensures a one-stop-shop service. Lead partners include Florian Nițu  , Bogdan Stoica (‘one of the best business lawyers in Romania‘), and Silviu Stoica  who ‘stands out through his pragmatic approach to negotiations‘.

Practice head(s):

Florian Nițu; Bogdan Stoica; Silviu Stoica

Testimonials

‘They stood out for their professional behavior and a good and fast reaction to our requests.’

‘I noticed a good understanding and empathy in the relationship with the client, flexibility in approaching situations and a rich experience in the legal, financial and fiscal field.’

‘Good experience, pragmatic approach to negotiation, good understanding of SOP legal and fiscal implications and structures.’

‘Silviu Stoica stands out through his pragmatic approach to negotiations, experience in SOP structures and M&A transactions and the integration of fiscal advice in documentation.’

‘They have a lot of area of competence (M&A, competition, capital market).’

‘In terms of M&A I consider that Bogdan Stoica one of the best business lawyers in Romania. He has a lot of competences and always takes into consideration the interest of business of the clients.

Key clients

Orange

BRD Société Générale

Burda International

Auchan

Morphosis Capital

Bico Industries

Fondul Proprietatea/Franklin Templeton Investment Management

Certinvest

Oresa

DB Schenker

Duraziv

Via-Trend

Work highlights

  • Advising Orange France on the €500 million acquisition of the telecom landline business from Telekom Romania.
  • Advising BRD Groupe Société Générale on entering into a joint venture with BCR/ Erste Group and Raiffeisen  to own and control the cash transportation company, CIT One.
  • Advising Auchan Retail Romania on the takeover of the entire chain (including more than 400 units) of OMV Petrom petrol filling stations with a view to converting them into MyAuchan stores and handling the non-petrol retail operation.

Romania > Dispute resolution Tier 1

Popovici Nitu Stoica & Asociatii offers a comprehensive range of disputes expertise to its domestic and international clients. Florian Nițu  heads the international arbitration practice which has good experience of ICC and ICSID claims, with a particular focus on energy, natural resources and infrastructure-related claims. The versatile Ciprian Donțu  has a great overview‘ of the cases he handles, including major insolvency and restructuring disputes. Ilinca Ștefănescu-Goangă  leads on a broad spread of cases including tax, competition and public procurement. Clients appreciate the ‘determined‘ team’s ‘stamina to sustain long disputes’ and  ‘clear thinking, ability to prepare and stick to complex strategies‘. Raluca Petrescu  and Vlad Neacșu  are also key team members.

Practice head(s):

Ciprian Dontu; Ilinca Stefanescu-Goanga; Florian Nitu

Other key lawyers:

Raluca Petrescu; Vlad Neacsu

Testimonials

‘Very good knowledge of the case and client. Determined, with stamina to sustain long disputes. Clear thinking, ability to prepare and stick to complex strategies. Business oriented – can put themselves in customer’s position and propose best possible solution in any given circumstance.’

‘Ciprian Dontu –  has a great overview of all entrusted matters.’

 

Key clients

Fondul Proprietatea/ Franklin Templeton

SAP

Auchan Romania

Ameropa

Rabo Farm (Rabobank Group)

S&T

PORR

DB Schenker

Tereos

Enel

Work highlights

  • Representing the Romanian subsidiaries of Enel Group for energy distribution – Enel Distributie Muntenia, Enel Distributie Banat, Enel Distributie Dobrogea – in three litigations against ANRE concerning the calculation of distribution tariffs.
  • Advising Auchan in a series of disputes related to a supermarket and a restaurant within the Bucur Obor Commercial Centre.
  • Assisting CE Oltenia, as beneficiary, in an ICC arbitration initiated by the general contractor concerning a public procurement contract to develop a flue gas desulphurisation plant for a Romanian power plant.

Romania > PPP and procurement Tier 1

Popovici Nitu Stoica & Asociatii has a strong ‘knowledge and understanding‘ of the market, and a good track record in guiding clients through the public procurement process. This extends to bids on major project finance and PPP concessions, where it represents a mix of domestic and international sponsors, and construction companies. Extensive knowledge of key industries, including energy, IT, transport, agriculture, health care and pharmaceuticals adds weight to the overall offering, which includes the full spread of relevant contentious and non-contentious support. Partner Florian Nițu  has over 20 years’ experience in the market, and also represents public sector clients. Alexandru Ambrozie  is another key contact.

Practice head(s):

Florian Nitu; Alexandru Ambrozie

Other key lawyers:

Ramona Pantilescu

Testimonials

‘Good knowledge of the way of dealing with Romanian people and administration. The budget was complied with.’

‘Good relationship with the partner in charge of the M&A project. Proactive and responsive.’

‘The firm has helped us in our bidding process. They have the knowledge and understanding of the requirements and applicable laws. The response of the team was also timely.’

Key clients

SIMAVI

Hidroconstructia

Medist

SAP

Medtronic

Swietelsky

S&T

NTT Data

Framatome SAS

Iridex

Ansaldo Nucleare

Kalpataru Power Transmission Limited

Work highlights

  • Advised Orange France on the acquisition of the landline business of Telekom Romania, in an €500 million transaction.
  • Advised SAP on a public procurement tender organised by the Romanian Competition Council for the acquisition of a big data platform.
  • Advised Ansaldo Nucleare on its participation in the tender procedure initiated by Regia Autonomă Tehnologii pentru Energia Nucleară for the award of an €18 million public procurement contract.

Romania > Real estate and construction Tier 1

Popovici Nitu Stoica & Asociatii has a deep pool of experienced real estate lawyers with a good grounding in complex acquisition and development projects. The practice covers several key areas, including land acquisition and development, construction, and structured and project finance. Contentious work also features prominently on the agenda, as well as advice on related insolvency proceedings. The versatile Florian Nițu  handles both transactional and disputes matters, while Valentin Creața  leads on the development side, including advice on retail, office, healthcare, logistics and residential projects. Other lead partners include M&A and banking co-head Bogdan Stoica, and the ‘very engaged and responsiveIoana Șampek .

Practice head(s):

Florian Nițu; Valentin Creata

Other key lawyers:

Bogdan Stoica; Ioana Sampek

Testimonials

‘Ioana Sampek – very engaged and responsive. Takes initiative.’

Key clients

Auchan Group (Auchan Romania, Ceetrus, Leroy Merlin)

Dedeman

Estoria Group & Hexagon Group

GLL Real Estate (Macquarie infrastructure and real assets (MIRA))

Hochtief Development

Knight Frank

P3 Logistic Parks

IPSO (M REAL ESTATE)

VGP Group

WDP

Work highlights

  • Advising VGP Group, a pan-European developer, manager and owner of  logistics and semi-industrial real estate, on its VGP Parks projects in Romania with a €100 million land acquisition investment budget.
  • Advising WDP, a leading developer and owner of logistics and warehousing, on three acquisitions of warehouse centres for a cumulative value of over €50 million.
  • Advising Hexagon Group on the development of Hexagon District, a large mixed-use office, retail and residential project, and its sale to Kaufland.

Romania > Restructuring and insolvency Tier 1

Popovici Nitu Stoica & Asociatii has a highly-rated multidisciplinary team with strong capabilities on both the contentious and non-contentious aspects of major insolvencies and restructurings. Experienced litigation head Ciprian Donțu  leads the practice which regularly represents creditors and debtors across a wide range of industries. Insolvency processes in the real estate, energy and construction sectors have been a major feature of the firm’s work in recent years. Further contentious support is provided by partner Ilinca Ștefănescu-Goangă  , while managing partner Florian Nițu  is especially good on the non-contentious side. Valentin Creața   has plenty of experience on healthcare and real estate-related restructurings.

Practice head(s):

Ciprian Dontu

Other key lawyers:

Florian Nițu; Ilinca Ștefănescu-Goangă; Valentin Creața

Key clients

Air France

Ameropa

Auchan

BADSI Nissan

BLOM Bank

BRAINBANK

Burda International

Deutsche Leasing

Filasa International

Hidroconstructia

Hochtief

Immofinanz AG

KBC Bank NV and KBC Bank Ireland

Lincoln Electric (Ductil SA)

Medist

Property Fund

ProSiebenSat.1 Media SE

SAP

SIMAVI

Societe Generale Group

Swietelsky

Westchester

Work highlights

  • Assisted the Property Fund in the insolvency proceedings of the World Trade Center involving $65 million in receivables, as well as on a related litigation retrial.
  • Assisted Filasa International, a French investor in wind energy, in connection with the reorganization, asset resolution, insolvency and ultimately bankruptcy, of a €250m wind power development projects portfolio, involving 42 distinct projects and companies.
  • Advising SAP on various insolvency procedures of clients and suppliers, including those of: Romsys SRL; Powertech IT Services; and Integrator.

Romania > Employment Tier 2

Popovici Nitu Stoica & Asociatii provides ‘strong support and commitment‘ on the full spectrum of employment matters. The team handles day-to-day consultancy issues through to related tax, health and safety, data protection and work-related white-collar crime. Recently the team advised on several high profile collective redundancy procedures. The firm’s active corporate team also ensures a regular flow of strategic employment support on M&A deals and company reorganisations. Partner Vlad Neacșu  co-heads the team alongside the ‘very thorough and patient‘ managing associate Ioana Cazacu. Senior partners such as Florian Nițu   also bring their ‘outstanding experienceto larger mandates.

Practice head(s):

Vlad Neacşu; Ioana Cazacu

Testimonials

‘In the pandemic environment of the past year PNS & A provided personal legal advice at the highest standards not only on labour and employment; with most of the employees working from home we were advised also on data protection and data security issues. Their experience expertly applied was the key in our company’s reorganization process. The virtual meeting technology used was flawless, no barrier in communication; we could feel the team’s strong support and commitment. And this was unparalleled.’

‘Our main contact is Florian Nitu. Besides the profound knowledge in all areas and his outstanding experience what makes Florian unique is his special feeling for the client concerns and his strong commitment.’

‘Individual treatment, very thorough investigation of background.’

‘Ioana Cazacu – very thorough and patient.’

 

Key clients

Akzo Nobel

Auchan & Leroy Merlin

Enea

Eurofins

Ferro

Ipsos Interactive Services

Marsh Romania

Medtronic

Orange France

SAP Romania

Schlumberger

SGS Romania

Ubisoft

UPS Romania

voestalpine

Xella

Work highlights

  • Advised Orange Group on all employment issues linked to its acquisition of a 54% controlling stake in Telekom Romania Communication, one of Romania’s leading fixed telecom operators with hundreds of local employees.
  • Assisted Ferro Romania in the implementation of a collective redundancy procedure, providing regulatory and compliance assistance and support in drafting all required documentation.
  • Assisted SAP in the amicable departure of its country manager/executive director, including the documentation required from his leaving the board of directors.

Romania > Energy and natural resources Tier 2

Popovici Nitu Stoica & Asociatii represents a broad mix of investors, developers and suppliers, and has particularly good expertise in the power sector. The team’s range of experience covers M&A, projects, regulatory and competition matters. Recently the firm, which is noted for its market ‘knowledge and understanding‘, has been involved in several high-profile disputes with Romania’s energy regulator ANRE, some of which have gone to a European level. The practice also has strong credentials in renewable power projects and acquisitions, including solar and hydro. Versatile partners Florian Nițu  and Vlad Neacșu  jointly lead the team.

Practice head(s):

Florian Nitu; Vlad Neacşu

Other key lawyers:

Ciprian Dontu

Testimonials

‘The firm has helped us in our bidding process. They have the knowledge and understanding of the requirements and applicable laws. The response of the team was also timely.’

 

Key clients

Enel

Zhejiang New Energy Investment Co Ltd.

Hyundai Engineering & Construction

Hidroconstructia & Hidroelectrica

Electricite de France (EDF)

Schlumberger Logelco

Property Fund

Franklin Templeton Investment Management

BAUMIT

Ansaldo Nucleare

Kalpataru Power Transmission Limited

Work highlights

  • Represented Fondul Proprietatea in all litigation initiated against the Romanian State’s and ANRE’s decisions to re-establish the regulated market for the energy supplied to household consumers. This included assisting Fondul Proprietatea with its requests to the European Commission to intervene on this matter.
  • Advised Enel Group on contractual changes with EuropAssistance concerning the Enel Asistență product.
  • Advising Kalpataru Power Transmission Limited on Transelectrica’s €18 million tender for the upgrade of the 400 kV Isaccea substation – Stage II.

Romania > Tax Tier 2

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.

Romania > TMT: gambling law Tier 2

Popovici Nitu Stoica & Asociatii advises several major online and offline gaming and betting companies. Service companies also feature prominently on the firm’s client list, including software operators, payment processors and other suppliers to the gambling industry. The full service practice is experienced in the licensing process, as well as regulatory compliance issues, and broader corporate and commercial matters. Bogdan Stoica is the main partner contact.

Practice head(s):

Bogdan Stoica

Key clients

Intergames

Extremoo Group

Owners of Extremoo Group

Stargames Corporation Australia

Work highlights

  • Advising Intergames on all regulatory, corporate and commercial matters in the context of the COVID pandemic with a particular focus on real estate.
  • Advising Extremoo Group on the full range of commercial and regulatory matters including the multimillion acquisition of a minority stake from one of the founders.
  • Advised Stargames Corporation on the establishment of a local branch for the sale of electronic slot machines on the Romanian and European markets.

Romania > TMT Tier 2

Popovici Nitu Stoica & Asociatii has a good track record advising major telecoms and IT companies on a wide range of issues. The firm is especially strong on the transactional front and has been involved in several high profile M&As within the sector in the past year. This is in addition to strategic corporate advice on business and product launches, as well as support on procurement contracts, both to suppliers and customers. Partners such as Ernest-Virgil Popovici  , Silviu Stoica  and Mihaela Ion  are active on corporate matters. Florian Nițu  and Alexandru Ambrozie  are the two main contacts on the public procurement front.

Practice head(s):

Ernest-Virgil Popovici; Bogdan Stoica; Silviu Stoica; Mihaela Ion

Key clients

S&T

Hewlett-Packard Romania

SIMAVI

Orange

UPS

GTS Telecom, a company owned by Deutsche Telekom

Asseco SEE

Enea

NTT Data

Yandex

SAP

Work highlights

  • Advised Orange Romania on the acquisition of a 54% controlling stake in Telekom Romania Communication, one of Romania’s leading fixed telecom operators; and the development of its premium TV service.
  • Advised Yandex Taxi on its entry into Romania.
  • Advised S&T on the implementation of a contract for the Integrated Informatic System for the control of road traffic in Romania.

Romania > Banking and finance Tier 3

Popovici Nitu Stoica & Asociatii has a solid finance practice offering a wide range of expertise. This includes corporate and retail lending, as well as fintech related advice to payments companies and financial institutions. A large portion of the work is borrower-led, but the lawyers also have strong regulatory capabilities, and the firm has advised several international banks on this front. The practice is jointly led by versatile partners Alexandru Ambrozie  and Bogdan Stoica. Clients also single out the very ‘very efficient and solution orientedmanaging associate Codrin Luta for his ‘excellent technical know how‘.

Practice head(s):

Bogdan Stoica; Alexandru Ambrozie

Testimonials

‘Codrin Luta is very efficient and solution oriented, highly motivated and excellent technical know how.’

Key clients

BLOM Bank

Franklin Templeton Investment Management Limited United Kingdom

Libra Internet Bank

Deutsche Leasing

The Governor and Company of the Bank of Ireland

Ameropa

KBC Bank

RI-GD Investments DAC

Vialet

Orange

KBC Bank

BNP Paribas

Oresa

Warehouses De Pauw Romania

Dedeman

Impuls Leasing

AXPO Solutions AG

Capital Leasing

ALD Automotive

Romania > Capital markets Tier 3

Popovici Nitu Stoica & Asociatii is particularly experienced in advising corporate issuers. In the past year the firm has advised corporate clients on several high value capital raisings as well as the introduction of new employee share schemes. The team is also popular with alternative investment funds, such as Franklin Templeton Investment Management, who regularly instruct the firm on compliance and regulatory issues, including licensing  and authorisation matters. Alexandru Ambrozie  and Bogdan Stoica are the two main contacts.

Practice head(s):

Bogdan Stoica; Alexandru Ambrozie

Key clients

Franklin Templeton Investment Management Limited United Kingdom

Property Fund

Ameropa

Oresa

Certinvest

Voestalpine

Immofinanz

Dedeman

Xella

Revaho Beheer BV

Electrica

Sphera

SIF Banat-Crișana

SIF Muntenia

Romania > EU and competition Tier 3

Popovici Nitu Stoica & Asociatii is noted for its collaborative and ‘very successful‘ approach to antitrust and competition matters. The firm’s active transactional ensures a ready flow of merger clearance mandates. This is coupled with strong support on contentious proceedings, including major cartel investigations and abuse of dominance claims. Clients come from a broad range of industries, including retail, IT, life sciences, manufacturing and financial services. Mihaela Ion  leads the well-regarded team, which also provides regular advice on internal compliance programs, particularly in relation to supplier and distributor agreements.

Practice head(s):

Mihaela Ion

Testimonials

‘They are close to the people/clients, trying to understand the real needs of their clients and to provide them the best advice and recommendations money can buy- Mihaela Ion, Laura Ambrozie Vanessa Nistor’

‘Very good collaboration and successful approach.’

‘Special mention for the good collaboration with Mihaela Ion.’

 

Key clients

Auchan

Hewlett Packard

SIMAVI

SIVECO

BRD

Akzo Nobel

Medtronic

Xella

Dnata

New Kopel

Ameropa

Deutsche Leasing

Work highlights

  • Assisted the technology company Hewlett Packard in connection with a Competition Council investigation into alleged abuse of dominance.
  • Assisted Simavi, an IT company in the SIVECO group, in connection with a complaint submitted with the Competition Council regarding potentially anti-competitive behaviour by a contracting authority.
  • Assisted BRD regarding the acquisition of joint control over CIT One, a Romanian supplier of integrated cash services.

Romania > Intellectual property Tier 3

Popovici Nitu Stoica & Asociatii has good experience of trade mark, patent, and copyright matters, including those with a cross-border element. The team represents clients from across a wide range of industries, including telecoms, manufacturing, pharmaceuticals and sport, and has a particularly strong focus on the software sector where it regularly assists with licensing and development agreements. The firm’s market-leading corporate team also ensures a large flow of IP-related due diligence mandates. The versatile Bogdan Stoica leads the team.

Practice head(s):

Bogdan Stoica

Key clients

Simona Halep

Dedeman

Auchan

Ameropa

Albalact

Orsay

Medisport

Pietta Glass Working

Greentek

Medicover

SAP Romania

Asseco SEE

Siveco

Xella

Unilever Romania

Yandex

Passavant Energy & Environment

Hexagon Structures

Work highlights

  • Adviser to the Romanian Professional Tennis Player, Simona Halep, on all her IP related matters, including on the negotiation and execution of several endorsement agreements, including with Nike; the development of her official website; and the registration of new trade marks.
  • Advising Passavant Energy & Environment before the WIPO in relation to its international application for registering a verbal trademark in multiple jurisdictions (from Europe, MENA region and Asia).
  • Advising Hexagon Structures before the Romanian IP Office in relation to the registration of its trademarks’ portfolio, including legal assistance during the opposition procedures.

Romania > White-collar crime Tier 3

Popovici Nitu Stoica & Asociatii‘s white collar crime team is led by the versatile Alexandru Ambrozie  who also co-heads the firm’s banking, capital markets and tax practices. The practice regularly assists its domestic and international clients in defending and mitigating claims on a range of related issues, including tax evasion, money laundering and the embezzlement of EU funds. This includes close work with other departments within the firm on associated financial services, public procurement and tax issues. Litigation associate Alexandru Nicolae and the ‘hard working and always helpful‘ senior associate Ana Stoenescu are also active in this area.

Practice head(s):

Alexandru Ambrozie

Other key lawyers:

Testimonials

‘Alexandru Ambrozie is efficient, easy to work with, client friendly and gives straightforward advice. Ana Stoenescu is hard working and always helpful.’

Key clients

Federal Assurance

Fondul Proprietatea

Auchan

DB Schenker

Orange

Philips

Medist

Ductil/Lincoln Electric Group

Ameropa

BLOM Bank

Work highlights

  • Advising Medist Group, one of the largest Romanian distributors of MRI and CT equipment, on a criminal investigation started following an incident that occurred at Matei Bals hospital ICU unit that caused the death of three patients suffering from coronavirus.
  • Defending the Belgian insurer, Federale Assurance, in the final appeal of a complex manslaughter case involving significant civil liabilities.

Firm Overview:

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 today groups 70 qualified lawyers and tax advisors.

Focusing traditionally on the private sector and 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.

Main Areas of Practice:

Mergers & Acquisitions

4 Partners, 24 fee earners based in Romania

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 & 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 office real estate transaction outside Bucharest in 2019; largest transaction in Retail in 2019; largest transaction in the Medical Services sector in 2019; 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 assignments:

  • Orange on the acquisition of a majority stake in Telekom Romania Communications.
  • Duraziv Group on the sale to Saint-Gobain.
  • Augsburg International on the sale of a majority stake to SAG.
  • Oresa on the acquisition of the former Armonia Arad shopping centre from Immofinanz.
  • ContentSpeed on the sale of a majority stake to Asseco.
  • Verdino Green Foods on the entry of a new investor.
  • Via-Trend on the sale to Oresa.
  • Ameropa Grains on the acquisition of Miroși/Căldăraru agricultural platform.
  • BICO Industries on the acquisition of Terra Impex group,
  • Redport Capital and Mobexpert on the acquisition of a 44,000 sqm land plot located opposite Petrom City.

Key clients: Akzo Nobel, Ameropa, Auchan, Augsburg International, BICO Industries, Certinvest, DB Schenker, Dedeman, Dnata Group/Emirates, Duraziv, NTT Data, Orange, Oresa, Property Fund, Simavi, Verdino Green Foods, The voestalpine Group, Xella

Contact: Florian Nitu / Bogdan C. Stoica / Silviu Stoica / Irina Ivanciu

E-mail: florian.nitu@pnsa.ro / bogdan.stoica@pnsa.ro / silviu.stoica@pnsa.ro / irina.ivanciu@pnsa.ro

 

Banking & Finance:

2 Partners, 4 fee earners based in Romania

  • One of the largest cryptocurrency merchants on cryptocurrency settlement in Romania in light of the new AML challenges.
  • A Swiss energy trader on derivatives transactions and on the conclusion of a long-term financial power purchase agreement for an onshore windfarm.
  • A worldwide leading grain and fertilizer trader on 4 financings amounting to EUR 421 million.
  • The Governor and Company of the Bank of Ireland on matters under Romanian law (financing, guarantees, corporate and insolvency) related to certain amendments to the €400m financing granted to the Irish group Origin Enterprises Public Limited Company.

Key clients: Ameropa, Binance, BLOM Bank, BRD Société Générale, Deutsche Leasing, The Governor and Company of the Bank of Ireland, Oresa, WDP

Contact: Bogdan C. Stoica / Alexandru Ambrozie

E-mail: bogdan.stoica@pnsa.ro / alexandru.ambrozie@pnsa.ro

 

Competition & Antitrust:

1 Partner, 5 fee earners based in Romania

  • Auchan in merger control proceedings before the Competition Council related to My Auchan proximity stores operating in Petrom gas stations.
  • Hewlett Packard in connection with a Competition Council investigation into alleged abuse of dominance.
  • Orange in relation to the network sharing agreement concluded with another telecom company.
  • Simavi, an IT company part of SIVECO group of companies, in connection with a complaint submitted with the Competition Council regarding a potential anticompetitive behaviour of a contracting authority.
  • Several leasing companies in the Competition Council investigation on the financial and operational leasing services market and on the consumer credit market.

Key clients: Akzo Nobel, Albalact, Ameropa, Auchan, Dedeman, Dnata Group/Emirates, Hewlett-Packard, Medicover, Medtronic, Orange, Oresa, Property Fund, Simavi

Contact: Mihaela Ion

E-mail: mihaela.ion@pnsa.ro

 

Real Estate:

5 Partners, 13 fee earners based in Romania

  • PAVAL HOLDING on the forward purchase of Dacia One office building project developed by ATENOR Group.
  • VGP Group in connection with the development of certain VGP Parks projects in Romania, consisting in a chain of logistics and warehouses.
  • Hexagon Group in connection with the development and forward sale of a large mixed-use office, retail and residential project known as Hexagon District Project.
  • Estoria Group in connection with the development, construction and divestment or sale of the Estoria City Project, on the former Policolor platform in Bucharest, a 200-million-euro development project, involving retail units of a 20,000 sqm office development, and the residential project comprising around 1,200 locative units.
  • LINCOLN ELECTRIC in connection with the acquisition of Ductil Steel SA assets, consisting of 75,000 sq. m of land area and multiple buildings at Ductil factory in Buzau, Romania, under the insolvency and reorganization procedure of Ductil Steel.

Key clients: Auchan Group, Cross City & Estoria, Dedeman, DSV Solutions, GLL, Hexagon Group, Ipso, Knight Frank, Lactalis, LINCOLN ELECTRIC, P3 Logistic Parks, Uniqa Real Estate, VGP Group, WDP

Contact: Florian Nițu / Valentin Creața / Ioana Șampek / Bogdan. C Stoica / Irina Ivanciu

E-mail: florian.nitu@pnsa.ro / valentin.creata@pnsa.ro / ioana.sampek@pnsa.ro / bogdan.stoica@pnsa.ro / irina.ivanciu@pnsa.ro

 

Intellectual Property:

2 Partners, 3 fee earners based in Romania

  • 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.
  • PlantExtrakt in registering and defending its IP rights over “Nasirus” trademark.
  • Romanian football star Gheorghe Hagi in connection with various partnerships involving the assignment and use of IP rights in favour of a worldwide digital player as well as in relation to the negotiation with various TV producers in respect of assigning the rights for the creation of a lifetime documentary on the life of Gheorghe Hagi.

Contact: Bogdan. C Stoica / Vlad Neacsu

E-mail: bogdan.stoica@pnsa.ro / vlad.neacsu@pnsa.ro

 

Energy & Natural Resources:

2 Partners, 4 fee earners based in Romania

  • Enel Green Power on various development, investment and acquisition of wind and solar farm projects of a consolidated capacity exceeding 1,000 MWS.
  • Kalpataru Power Transmission Limited on its participation in the sectoral procurement award procedure initiated by the NATIONAL ELECTRICITY TRANSPORT COMPANY “TRANSELECTRICA” S.A.” for Upgrading of the 400 kV Isaccea substation – Stage II.
  • Ansaldo Nucleare in relation to its participation in the tender procedure initiated by the Technologies for Nuclear Energy State Owned Company (RATEN) for the award of the contract for the design, procurement, installation and commissioning of the Athena experimental plant – a research facility for the development of lead-cooled reactors.
  • Fondul Proprietatea in all litigation initiated against the Romanian State’s and ANRE’s decisions to re-establish the regulated market for the energy supplied to household consumers.

Key clients: Ansaldo Nucleare, Enel, Property Fund, Kalpataru Power Transmission Limited

Contact: Vlad Neacsu / Florian Nitu

E-mail: vlad.neacsu@pnsa.ro / florian.nitu@pnsa.ro

 

PRACTICE AREAS

Agribusiness

Banking & Finance

Capital Markets

Competition & Antitrust

Consumer & Retail Goods

Corporate & Commercial

Data Privacy

Employment & Pensions

Energy & Natural Resources

Environmental Compliance

Gambling & Betting

Healthcare & Pharmaceuticals

Insurance

Intellectual Property

International Arbitration

Litigation

Mergers & Acquisitions

Project Finance/PPP, Concessions & Infrastructure

Public Procurement

Real Estate

Restructuring & Insolvency

Sports Law

Tax

Telecommunications, Media & Technology

Transports & Logistics

White Collar Compliance & Defence

 

OFFICES

ROMANIA

BUCHAREST: 239 Calea Dorobanti, 6th Floor, 1st District

Postal Code 010567

Tel: +40 21 317 79 19

Fax: +40 21 317 85 00

Email: office@pnsa.ro

DepartmentNameEmailTelephone
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
Number of partners : 15
Number of lawyers : 70
English
French
Italian
Romanian

Pavăl Holding acquires U Center 1

PNSA advised PAVĂL HOLDING, the holding company of DEDEMAN, the biggest Romanian entrepreneurial company, on the acquisition of U Center 1 - the first phase of the U Center office project in Bucharest, from Forte Partners. U Center 1 comprises a modern 8 floor-office building with a GLA of around 30k sqm of A-class premises leased to top tier tenants like Endava, Booking, Banca Transilvania.

PNSA advised Dr. Leahu Dental Clinics Network on the acquisition of CORIDENT PRO Clinic

PNSA advised Dr. Leahu Dental Clinics Network on the acquisition of CORIDENT PRO Clinic from Sibiu.


PNSA advised Orange on the acquisition of a majority stake in Telekom Romania Communications

PNSA advised Orange Group on the acquisition of a 54% controlling stake in Telekom Romania Communication, one of Romania's leading fixed telecom operators.


POPOVICI NIȚU STOICA & ASOCIAȚII names Raluca Rusu as Tax Partner

POPOVICI NIȚU STOICA & ASOCIAȚII is proud to announce that Raluca Rusu has been promoted to partnership in PNSA Tax, effective from 1 October 2020.

PNSA alongside BRD – Groupe Société Générale in its investment in CIT One

Popovici Nițu Stoica & Asociații advised BRD - Groupe Société Générale in the recently closed transaction by which BRD, BCR and Raiffeisen Bank Romania became equal shareholders in CIT One, one of the largest Romanian companies specialised in the transport, processing and storage of cash and other valuables. The transaction has previously been cleared by the Competition Council.

PNSA obtained the enforcement of EU subsidies due to farmers

On October 2, 2020, the High Court of Cassation and Justice dismissed the appeal of the Agency for Payments and Intervention for Agriculture (APIA) against the decision of the Bucharest Court of Appeal, confirming that APIA subsidies granted to farmers can be assigned and enforced.

PNSA welcomes Andrada Pleș as Tax Manager

Popovici Nițu Stoica & Asociații is pleased to announce that Andrada Pleș joins PNSA Tax as Manager, effective as of September 15, 2020.

PNSA advised Burda Group on the sale of its business in Romania

PNSA and PNSA Tax advised Burda Group on the sale of its business in Romania.

WDP acquires three new logistics centres

Popovici Niţu Stoica & Asociaţii advised WDP, one of the leading Belgian developers and owners of logistics and warehousing in the market, on the recent acquisition of three major logistics parks in Romania:

PNSA in the deal through which Auchan shall operate 400 MyAuchan stores within OMV Petrom stations

PNSA advised Auchan Retail Romania in respect of the takeover of the entire chain (more than 400 units) of OMV Petrom petrol filling stations in view of converting them into MyAuchan proximity stores and their further non-petrol retail operation. This is the biggest project ever of a Romanian petrol retailer to outsource the non-petrol products retail activity in favor of a top retail player on the Romanian market.

PNSA in one of the largest real estate deals in the West part of Romania in 2020

PNSA advised Belgian developer VGP Parks on the acquisition of real estate assets with a total area of ​​approximately 40 ha in Arad. This is considered by specialists the largest deal in the West part of Romania in 2020.

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

IntroductionAs 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?

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 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.


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.