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TMO Attorneys at Law in association with KPMG Romania

Amstelveen, Amstelveen, Baku, Bogot√°, Bremen, Bucharest and 36 more

The firm

KPMG Legal (TMO Attorneys at Law) is a full service, young, dynamic and innovative Romanian law firm which has a unique international position, as a member of the KPMG Global Legal Services (GLS) Network consisting of over 1,650 lawyers in 75 jurisdictions and affiliated with the global network of KPMG member firms, which has over 180,000 professionals. This membership enables us to draw upon the rich legal and professional resources and knowledge of the Network, as well as easily embark on multi-jurisdictional projects.

KPMG Legal is led by a management of legal professionals with extensive experience and holds a 25-strong highly qualified team of lawyers, who are specialized and recognized legal experts in various fields. Above all, we are committed to uncompromising legal excellence and innovation. Our lawyers are the key to our success, bringing diverse competencies and expertise to their practices. Our firm focuses primarily on Financial Services and Fintech, Corporate and M&A, Litigation, while also having specialized practices in the areas of Real Estate and Construction, Insolvency and Re-Structuring, Competition and Anti-Trust, Litigation, Labor Law and Data Protection. We are regularly ranked and awarded as a top tiers law firm in key practice areas.

Over the last few years, our financial services practice has assisted in transactions at an aggregated sum of over EUR 2.5 Bil. KPMG Legal is breaking new ground in legal advisory to Fintech companies with innovative business models, in obtaining licenses from the National Bank of Romania. KPMG Legal's M&A practice has lead complex transactions in the Financial Services, FMCG, medical services, real estate and retail sectors. Our Litigation has also successfully advised several of Forbes 100 companies present in Romania on complex commercial and tax litigations. We have developed a highly qualified team on data protection leading several projects for compliance with GDPR in the financial services, industrial, pharmaceutical and other industries.

Our team has the right blend of lawyers with academic activities, legal technical savvy as well as highly business oriented and are at ease working with mixed teams of consultants from several disciplines, such as tax, finance and risk advisory. We operate through a multidisciplinary approach and deliver integrated services to clients, while leveraging the vast knowledge of legal and business experts from various fields and industries to provide insightful legal advice tailored to each client's needs.

Areas of practice

Banking and Finance: KPMG Legal's banking and finance practice is a leader in the Romanian market and covers the full range of Financial Services companies. Key mandates include: representation of an investment fund in the acquisition of a large local bank in a pioneering project, representation of clients in several transactions at an aggregated sum of over EUR 2.5 Bil. We were recently awarded by the leading business media outlet in Romania for "The Most Important Transaction in the Financial Services Sector", in the prestigious "Attorney's Gala 2017". Partners specialized in this area include Laura Toncescu and Sebastian Olteanu.

Financial Services Regulatory and Fintech: KPMG Legal's financial services regulatory practice has an excellent track record. The firm has advised on authorization of banks; authorisation of payment institutions, has assisted in obtaining the license for two out of three of the e-money issuers in Romania; authorization of several Fintech companies as non-banking financial institutions. We also constantly advise major industry associations in relation to legislative projects and provides mandatory trainings to management personnel in financial institutions. Contacts: Laura Toncescu, Sebastian Olteanu.

Insurance: Our Insurance practice provides comprehensive advice to insurers regarding contractual, licensing, regulatory and compliance issues including: passporting insurance services, legal advisory on Insurance products, sales/distribution and liability to customers; terms and conditions, standard forms; corporate governance and transactions.

Capital Markets: Gunay Duagi. KPMG Legal's capital markets team assists leading listed companies on initial public offerings, takeovers, bonds, securitizations, de-listings and squeeze-outs, corporate governance, regulatory and compliance matters including insiders lists, as well as employee stock option plans. We assisted one of the largest listed investment funds on Romania in an innovative project for the registration as an external AIFM and coordinated the listing of STX Group with the Singapore Stock Exchange (SGX), a project for which the firm won an award. In previous years we assisted two listings in the AeRO market.

Corporate and M&A

Corporate: KPMG Legal's Corporate practice assists large multinationals in corporate structuring and re-organizations, joint ventures, corporate governance, minority rights and compliance, contract review and drafting and licensing. Our team has in depth understanding of key industries including retail, hospitality, FMCG, automotive, pharmaceuticals and healthcare and financial services.

M&A: Our M&A team advises clients in various mergers acquisitions, spin-offs and business transfers. Our team provides integrated transaction assistance, due diligence services, negotiations and post implementation support. Recently we assisted a large retail group in acquisition of a local competitor and a large industrial manufacturer in a transfer of business. We have also assisted leading Latvian holding group, Food Union Holding (CY), in Project Vienna, the acquisition of local food production company.

Real Estate and Construction: KPMG Legal advises investors and developers on all stages of the project development from due diligence to drafting documentation, facilitating negotiations, financing matters, weighting the tax and accounting implications and tackling the regulatory planning, zoning and permitting issues. Quality is our number one priority at all times. Recently we assisted: a large group in the sale of a large plot in Bucharest; a prominent foreign investor in the acquisition of a landmark hotel and a leading global automotive supplier in a complex construction project.

Competition and Antitrust: Businesses face increasing risks due to complexity of transactions and growing pressure from authorities. Therefore, legal support in antitrust and competition law is an essential component of a state-of-the-art compliance structure. KPMG Legal collaborates as necessary compliance, forensic and financial specialists of KPMG Advisory and offer a truly comprehensive approach to minimize legal risks. We have successfully obtained clearances from the Competition Council, represented clients before the Council and have also overturned Council decisions in Court.

Data Protection: KPMG Legal's data protection team grew significantly this year and is assisting clients from various industries in compliance with GDPR. We offer integrated services with KPMG IT Advisory and Cyber Security colleagues. We provide full support including with setting up a Data Processing Registry, reviewing of processes, procedures policies, and contracts as well as assistance with DPA notifications and DPA Audits.

Insolvency and Re-structuring: We offer integrated services with our partner, KPMG Re-structuring. Our attorneys have many years of experience not just in advising distressed companies, but also in helping private and institutional creditors protect and enforce their rights against insolvent debtors. In every project, we comprehensively assess the possibilities under commercial, corporate, labor, and insolvency law. Key mandates include legal advisory related to liquidation of Astra Asigurari, Fata Asigurari, Iveco group.

Employment: We assist clients in employment contracts, disciplinary actions, dismissals, transfer of employees, bonuses, pension schemes. Our approach is tailored and business-focused to meet the clients' objectives, with an emphasis on preventive measures to minimize the litigation risk.

Tax and Commercial Litigation: KPMG Legal represents clients in national and international civil litigation and arbitration proceedings as well as in alternative dispute resolution proceedings and in prior proceedings before administrative bodies. We likewise represent clients in various proceedings to ensure preliminary injunctions, preservation of evidence and enforcement. We have successfully won numerous tax cases on behalf of global leaders in the automotive, real estate, transport, industrial and energy industries.

Public Procurement: TMO assists clients on structuring public procurement and concession projects, prepares tender documentations, provides tender evaluation assistance, public procurement law scrutiny, assists with public procurement disputes and also provides tailored training. Our clients include local and central authorities, state owned companies, contractors and investors.

Above material supplied by TMO Attorneys at Law in association with KPMG Romania.

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