Firm Profile > RTPR Allen & Overy (Radu Taracila Padurari Retevoescu SCA in ass > Bucharest, Romania

RTPR Allen & Overy (Radu Taracila Padurari Retevoescu SCA in ass
CHARLES DE GAULLE PLAZA, 5TH FLOOR
15 CHARLES DE GAULLE SQUARE
011857 BUCHAREST 1
Romania

Banking and finance Tier 1

RTPR Allen & Overy (Radu Tărăcilă Pădurari Retevoescu SCA in association with Allen & Overy LLP) displays an ‘outstanding blend of local and international knowledge’ and ‘a broad understanding of both the legal and business side of their clients’ needs’. The team acted for ING Bank, UniCredit Bank, Raiffeisen Bank and Banca Comercială Română in relation to an extended credit facility of $360m granted to KMG International Group. EBRD instructed the team in its $60m financing to SNTGN Transgaz, the company behind the high-profile BRUA project. Victor Pădurari and Alexandru Retevoescu jointly head the practice. The ‘truly inspiring’ Pădurari is an expert in project finance, secured lending and real estate finance and Retevoescu focuses on banking regulation, corporate finance and leveraged finance. Overall strengths of the team include real estate finance and acquisition finance. Senior associate Poliana Gogu-Naum is also singled out.

Capital markets Tier 1

Costin Tărăcilă and Mihai Ristici head the practice at RTPR Allen & Overy (Radu Tărăcilă Pădurari Retevoescu SCA in association with Allen & Overy LLP). The team is highly regarded for IPO matters and recently coordinated between five jurisdictions when advising Purcari Wineries on its IPO and admission to the Bucharest Stock Exchange. Loredana Chitu (Boeru) joined Dentons in 2019.

Commercial, corporate and M&A Tier 1

RTPR Allen & Overy (Radu Tărăcilă Pădurari Retevoescu SCA in association with Allen & Overy LLP)’s team of ‘very high-class professionals’ is led by Costin Tărăcilă and Mihai Ristici. Tărăcilă is praised for finding ‘smart solutions’ and recently advised A&D Pharma's shareholders on the sale of the entire group to Dr. Max, owned by Penta Investments. Elsewhere, the team handled the sale of the Profi supermarket chain to Mid Europa Partners on behalf of Enterprise Investors. Alina Stăvaru, who was promoted to the partnership in 2019, handled both matters and is praised as a ‘top-class lawyer’. The practice covers the full range of corporate transactions with particular emphasis on cross-border matters.

Dispute resolution Tier 2

RTPR Allen & Overy (Radu Tărăcilă Pădurari Retevoescu SCA in association with Allen & Overy LLP) is noted for representing Hollywood studios such as Walt Disney, Warner Bros and Twentieth Century Fox in a claim against internet service providers intended to block pirate movie websites. Elsewhere, the team had success in the High Court of Cassation and Justice, representing Midtown Retail in real-estate litigation arising from a restitution claim on a plot of land now housing a supermarket. Valentin Berea and Prof Lucian Mihai head the practice, which is experienced in handling antitrust, administrative and real estate litigation in addition to domestic and international arbitration. Răzvan Nănescu left the firm to establish Nănescu.

Energy and natural resources Tier 2

RTPR Allen & Overy (Radu Tărăcilă Pădurari Retevoescu SCA in association with Allen & Overy LLP) is particularly well regarded for energy-related transactions and financing. Victor Pădurari assisted EBRD with a $60m financing provided to SNTGN Transgaz Medias as part of the Brua project. Pădurari heads the practice alongside Mihai Ristici and the pair are advising Electrica on the re-organisation of its electricity distribution activities. Managing associate Bogdan Cordoş is also singled out.

EU and competition Tier 2

Valentin Berea and counsel Roxana Ionescu are ‘outstanding’ and ‘know competition law very well’. The pair jointly lead the practice at RTPR Allen & Overy (Radu Tărăcilă Pădurari Retevoescu SCA in association with Allen & Overy LLP), which adeptly handles merger approvals, dawn raids, antitrust investigations and litigation and internal audits. Recent highlights include representing Electrica in relation to allegations of cartel facilitation and successfully obtaining the annulment of a fine issued by the Competition Council for Maspex Romania.

TMT Tier 2

RTPR Allen & Overy (Radu Tărăcilă Pădurari Retevoescu SCA in association with Allen & Overy LLP) is active across the technology, telecoms, media, social media, film distribution and online gaming industries. Sony Pictures, Twentieth Century Fox and Walt Disney are among a number of Hollywood studios who instructed the team in a claim against internet service providers aiming to block access to pirate movie websites. It also represented high-profile client Sky News in relation to a criminal investigation and subsequent civil claim concerning a news report on arms trafficking in Romania. Costin Tărăcilă and Mihai Ristici head the practice.

Real estate and construction Tier 3

Recent highlights for Alexandru Retevoescu’s team at RTPR Allen & Overy (Radu Tărăcilă Pădurari Retevoescu SCA in association with Allen & Overy LLP) include a number of leasing, litigation and financing matters. It advised Regus on leases with five different developers and represented Midtown Retail before the High Court of Cassation and Justice in relation to a restitution claim at a supermarket site.

RTPR Allen & Overy is an association building on several years of working together in Romania. It combines the international expertise, resources and reputation of a truly global law firm with top flight Romanian lawyers who know local market conditions inside out. RTPR was incorporated in 2004 and has been working in association with Allen & Overy since 2008. RTPR Allen & Overy has five partners, 38 associate lawyers and more than 15 support staff in Bucharest, as well as ready access to its international team of M&A, finance, capital markets and projects lawyers dedicated to transactions in Romania. Together it handles the most sophisticated, demanding and high profile transactions on the Romanian market.

Main Areas of Practice:

Antitrust / Competition:
■ Successfully represented Tymbark Maspex in an antitrust litigation in the context of the annulment of the fine imposed by the Competition Council in a high profile investigation on the food retail market
■ Groupama Asigurari in a complex antitrust investigation concerning a potential exchange of commercially sensitive information among the insurance companies in Romania
■ Arctic S.A. (part of Arcelik group) in the litigation case against the decision of the Romanian Competition Council by which the company has been fined along other seven companies members of ROREC WEEE collective association for an alleged cartel concerning price fixing and limitation of sales within buy-back campaigns organised by the association
Contact: Valentin Berea
Tel: +40 31 405 7780
Email: valentin.berea@rtprallenovery.com

Banking & Finance:
■ The syndicate of banks made up of ING Bank N.V. through ING Bank N.V. Amsterdam – Bucharest Branch, Banca Comerciala Romana, Raiffeisen Bank SA and UniCredit Bank SA in relation to an extended credit facility in amount of USD 360 million granted to KMG International group for covering the regular needs in the group activity
■ EBRD and ING Bank N.V. Amsterdam – Bucharest Branch on a EUR 96 million financing for CTPark Bucharest logistics park owned by CTP Group, one of the most active investors in industrial and logistics spaces in Romania
■ A syndicate of banks led by Raiffeisen Bank International AG in the context of the extension and certain amendments put in place in relation to Alro financing arrangements of USD167 million
Contact: Alexandru Retevoescu
Tel: +40 31 405 7784
Email: aretevoescu@rtprallenovery.com
Contact: Victor Padurari
Tel: +40 31 405 7783
Email: victor.padurari@rtprallenovery.com

Capital Markets:
■ Purcari Wineries Public Company Limited on its IPO and admission to trading on the Bucharest Stock Exchange
■ Wood & Company and Raiffeisen Bank as joint bookrunners on the IPO of Sphera Franchise Group, the holding entity of KFC and Pizza Hut
■ Electrica on its IPO (issuer’s counsel) on the Bucharest Stock Exchange and on the London Stock Exchange. This is the largest IPO on the Romanian market to date
Contact: Mihai Ristici
Tel: +40 31 405 7785
Email: mihai.ristici@rtprallenovery.com
Contact: Costin Taracila
Tel: +40 31 405 7782
Email: costin.taracila@rtprallenovery.com

Corporate & M&A:
■ Enterprise Investors on the sale of Profi supermarket chain to Mid Europa Partners, the largest deal ever completed by a private equity fund in Romania and the largest deal in the retail sector in the country’s history
■ The shareholders of A&D Pharma, the largest pharma group in Romania, operating wholesale, retail and marketing and sales business and with operations in CEE as well, on the sale of the entire group to Dr Max, the Czech pharmacy chain owned by Penta Investments
■ DS Smith Plc group on the acquisition of EcoPack and EcoPaper, two major producers of packaging and paper products on the Romanian market
Contact: Costin Taracila
Tel: +40 31 405 7782
Email: costin.taracila@rtprallenovery.com
Contact: Mihai Ristici
Tel: +40 31 405 7785
Email: mihai.ristici@rtprallenovery.com

Employment:
■ One of the biggest employers in Romania on a group reorganisation, one of the biggest restructuring processes in the country, involving, inter alia, transfer of business arrangements, consultations and negotiations with trade unions, preparation of collective dismissals for hundreds of employees, handling challenges by various employees of the restructuring process, data protection, IP, corporate and real estate matters etc.
■ Worldpay on the employment implications (including transfer of employees) of their build, operate and transfer venture with Endava for the development of a software development centre in Romania
■ Facebook Inc on the indirect acquisition of a Romanian company and the employment law aspects implied by this acquisition
Contact: Costin Taracila
Tel: +40 31 405 7782
Email: costin.taracila@rtprallenovery.com

Energy:
■ Societatea Energetică Electrica S.A. on the acquisition of the minority stakes held by Fondul Proprietatea in the company’s energy distribution and supply subsidiaries
■ China Huadian Engineering, part of the China Huadian Corporation on the joint venture with Complexul Energetic Oltenia, the largest coalfired electricity producer in Romania, for the construction and operation of a 600MWh power plant
■ EBRD on a USD 60 million financing to SNTGN Transgaz SA Medias, the national gas transmission grid operator, for the construction of Phase 1 of the Bulgaria-Romania- Hungary-Austria pipeline/corridor (BRUA project)
Contact: Victor Padurari
Tel: +40 31 405 7783
Email: victor.padurari@rtprallenovery.com

Intellectual Property:
■ Successfully represented the most important Hollywood studios, including Paramount Pictures Corporation, Sony Pictures Entertainment Inc., Twentieth Century Fox Film Corporation, Universal City Studios Productions LLLP, Walt Disney Studios Motion Pictures, and Warner Bros. Entertainment Inc., in the first site blocking case which has ever been tried in CEE, by suing internet service providers with the aim of blocking pirate movies websites
■ Currently representing Rio Bucovina (part of the Maspex Group), one of the largest mineral water bottling companies in Romania, in a high profile unfair advertising dispute against a close competitor (Carpathian Springs) in relation to an aggressive marketing campaign of the latter
■ Ursus Breweries on a series of complex trademark licensing and distribution contracts to be concluded with the Efes Group in relation to several core beer brands
Contact: Professor Lucian Mihai
Tel: +40 31 405 7781
Email: lucian.mihai@rtprallenovery.com
Contact: Valentin Berea
Tel: +40 31 405 7780
Email: valentin.berea@rtprallenovery.com

Litigation, Arbitration & Alternative Dispute Resolution:
■ Successfully represented Midtown Retail before the High Court of Cassation and Justice in a complex real estate litigation concerning a restitution claim filed by the formerly expropriated individuals for a plot of land where a supermarket is built
■ Successfully represented RBS Bank in an ICC arbitration held in Vienna, in relation to a contractual dispute against APS Fund Alpha
■ Successfully represented the National Bank of Romania before the High Court of Cassation and Justice in relation to a dispute with the ultimate shareholder of Banca Carpatica. The matter involved complex aspects regarding the right of the National Bank of Romania to suspend the voting rights of the shareholder of a commercial bank
Contact: Valentin Berea
Tel: +40 31 405 7780
Email: valentin.berea@rtprallenovery.com
Contact: Professor Lucian Mihai
Tel: +40 31 405 7781
Email: lucian.mihai@rtprallenovery.com

Real Estate:
■ Canada Pension Plan Investment Board and funds managed by Cairn Capital on the EUR 180 million secured bond financing agreement of Globalworth Real Estate Investments Ltd., one of the largest real estate developers in Romania
■ Regus in negotiations with five different developers (Anchor Group, Skanska, Unirii View, Dorobanti Offices and Portland Trust Developments) for their expansion in new offices in top locations in Bucharest for an aggregate of approximately 12,400 sqm of gross lettable area
■ Mitiska REIM, through its local vehicle, on the acquisition of a property located in Brasov, where a retail store is located
Contact: Alexandru Retevoescu
Tel:+40 31 405 7784
Email: aretevoescu@rtprallenovery.com

Restructuring & Insolvency:
■ Trenkwalder in relation to the financial distress underwent by the Romanian subsidiary and the alternatives available to the company in order to address such financial distress
■ Banca Comerciala Romana in the complex acquisition financing by Somaco Antrepriza (which is in its turn an investment of the Swedish investment fund Oresa Ventures), of the business of Europrefabricate (a company in insolvency). The matter involved complex issues combining the financing, acquisition and insolvency areas
Contact: Alexandru Retevoescu
Tel: +40 31 405 7784
Email: aretevoescu@rtprallenovery.com

Department Name Email Telephone
Corporate & M&A Costin Taracila costin.taracila@rtprallenovery.com +40314057782
Banking & Finance Victor Padurari victor.padurari@rtprallenovery.com +40314057783
Banking & Finance Alexandru Retevoescu aretevoescu@rtprallenovery.com +40314057784
Corporate & M&A Mihai Ristici mihai.ristici@rtprallenovery.com +40314057785
Litigation and Competition Valentin Berea valentin.berea@rtprallenovery.com +40314057780
Photo Name Position Profile
Mr Valentin Berea photo Mr Valentin Berea Partner
Ms Andreea Burtoiu  photo Ms Andreea Burtoiu
Ms Adriana Dobre  photo Ms Adriana Dobre
Ms Poliana Gogu-Naum  photo Ms Poliana Gogu-Naum
Ms Roxana Ionescu  photo Ms Roxana Ionescu
Prof Lucian Mihai  photo Prof Lucian Mihai
Mr Victor Pădurari  photo Mr Victor Pădurari
Mr Alexandru Retevoescu  photo Mr Alexandru Retevoescu
Mr Mihai Ristici  photo Mr Mihai Ristici
Mr Victor Rusu  photo Mr Victor Rusu
Mrs Alina Stăvaru  photo Mrs Alina Stăvaru
Mr Costin Tărăcilă  photo Mr Costin Tărăcilă
Mr Cosmin Tilea  photo Mr Cosmin Tilea
Ms Ianita Tui  photo Ms Ianita Tui
5 : Partners
38 : Lawyers
English
Romanian
Bucharest Bar

CLIENT: Serban Roman, Vice president

COMPANY/FIRM: Enterprise Investors

TESTIMONIAL: “We are very satisfied with our cooperation with RTPR Allen & Overy that has been assisting us for the past 12 years in most of Enterprise Investors’ transactions in Romania. The extended M&A expertise of the firm’s lawyers, combined with their creativity and availability, convinced us to be partners throughout our investment in Macon, from acquisition to exit. We thank all those who were involved in this complex process and I am convinced we will have an equally close cooperation in the future.”


CLIENT: Yilmaz Karakas, Investment Manager

COMPANY/FIRM: CEECAT Capital

TESTIMONIAL: “Once more, we are very satisfied with our cooperation with RTPR Allen & Overy and enjoyed working with their team on this transaction. Combined with their extensive expertise in M&A practices, their negotiation and drafting skills, responsiveness and result oriented approach were the main decision factors for us. We believe they stand out as one of the best M&A legal advisory firms in the country and we thank all the team who was involved in this project. I am sure we will maintain our strong cooperation with RTPR Allen & Overy in future projects as well.”


CLIENT: Dewald Joubert, Partner

COMPANY/FIRM: Prime Kapital

TESTIMONIAL: “We are pleased to have had another very successful collaboration with RTPR Allen & Overy and look forward to continuing this in the future. The effective combination of their first class legal skills and their commercial understanding of the project, combined with their flexibility and total commitment to the matter, were essential in getting this transaction done on a challenging timeline and is very much appreciated.”


CLIENT: Bogdan Câmpianu, Managing Director

COMPANY/FIRM: Wood & Company Financial Services

TESTIMONIAL: “We enjoy working with RTPR Allen & Overy because they provide the type of expertise, devotement, business-mindedness and a mix of local and international resources that we need in capital markets deals. We always want lawyers that have a “can do” attitude and are deal-makers, but are also knowledgeable of what sophisticated investors are expecting from IPOs.”


CLIENT: Laurentiu Ciocirlan, Head of Investment Banking

COMPANY/FIRM: Raiffeisen Bank

TESTIMONIAL: “The RTPR A&O team are very responsive, reliable and committed, which is important for a successful IPO, and they gave us the comfort needed on the various stages of the IPO. Having worked together in the last three IPOs, Electrica, Medlife and Sphera, RTPR A&O is definitely one of the go-to firms for sophisticated or time sensitive transactions.”


CLIENT: Marius Marin, CEO

COMPANY/FIRM: Macon

TESTIMONIAL: “It was a real pleasure to work with RTPR Allen & Overy team not only on this project, but also in all the other stages of our collaboration started many years ago. During all these years and with each occasion I found in RTPR Allen & Overy team some excellent professionals, tremendously experienced, but also at least equally important, very special people with whom I grew a beautiful and sincere friendship. A team of lawyers which supported us in the most significant projects of Macon, the best team of lawyers in Romania.”