Firm Profile > Dragne & Asociatii SCA > Bucharest, Romania

Dragne & Asociatii SCA
55 KISELEFF ROAD
VILLA 6, 1ST DISTRICT
011343 BUCHAREST
Romania

Dispute resolution Tier 1

Dragne & Asociatii SCA has a strong pedigree representing clients in international arbitration, investment treaty disputes, and complex litigation. The firm's litigation expertise covers most areas, including criminal, administrative and civil law. Managing partners Ion Dragne and Stelian Garofil are respectively very strong on the arbitration and litigation front. Delia Bosman has good experience in tax and real estate disputes, while Daniel Cirstea is well versed in commercial, administrative and employment litigation. Andreia Dumitrescu and Ioana Oprea also have versatile commercial disputes practices.

Practice head(s):

Ion Dragne; Stelian Garofil

Testimonials

Brings a high level of involvement and understanding to each project it is part of, and seriously and professional manages every legal case it has and provides proper legal assistance to its clients‘.

Key clients

Alpha Bank

Siveco Romania

Adeplast

Victor Construct

Strabag

European Drinks

Banca Transilvania

Banca Comerciala Romania

Restructuring and insolvency Tier 1

Dragne & Asociatii SCA has built up an excellent reputation for contentious and non-contentious insolvency proceedings and restructurings. The firm represents a mix of banks, financial institutions, debtors and creditors, and regularly acts on behalf of administrators in complex liquidations. Recently, the team has been especially active on the litigation front, an area where all of its lead partners, Daniel Cirstea, Andreia Dumitrescu and managing partner Stelian Garofil have strong experience. Other key individuals include managing partner Ion Dragne and managing associate Gabriel Paraschiv.

Practice head(s):

Stelian Garofil; Andreia Dumitrescu; Daniel Cirstea

Testimonials

‘The practice is unique, in our view, due to the lawyers’ capability of identifying the most advantageous legal solutions for our needs. They are fast-thinking, straightforward and they adapt very quickly to any changes of circumstances. The team is very responsive and provide high standard advice.’

‘Daniel Cirstea is a very skilled lawyer, who provides inspired strategies for our legal issues. Andreia Dumitrescu efficiently blends the legal solutions provided with the economic and business interests of our companies. Their approach in court is particularly satisfying, since they always carefully weigh the advantages and disadvantages of each and every measure recommended to us.’

‘Gabriel Paraschiv was very efficient and prompt in giving pertinent advice.’

‘Ion Dragne is particularly impressive in his innovative approach, efficiently blending the legal solutions provided with the economic and business interests of the companies represented.’

Key clients

Relad International

Banca Comercială România (BCR)

Erste Group Immorent Romania IFN SA

Hidroelectrica S.A

K&S Electric Power Point SA (part of part of a large real estate group of companies)

Sind Tour

Association of Employees in SNP Petrom “Petrom”

BNP Paribas Personal Finance SA Paris Bucharest Branch

Veneto Banca Scpa Italia Montebelluna

Alpha Bank Romania SA

Alpha Bank AE London Branch

Authority for the Management of State Assets (AAAS)

Garanti Bank SA

Authority for Financial Supervision (ASF)

Patria Bank SA

Banking and finance Tier 4

Dragne & Asociatii SCA is especially popular with financial institutions for high-profile banking disputes and related compliance and regulatory issues. Debt recovery and enforcement proceedings are areas in which the firm has been recently active. Daniel Cirstea and Andreia Dumitrescu are singled out by clients as key names.

Practice head(s):

Stelian Garofil; Delia Bosman; Andreia Dumitrescu; Daniel Cirstea

Testimonials

‘Dragne is doing mostly litigation related to Banking and Finance. The team has an extensive experience in Consumer Finance and Payment services consumer related matters.’

‘They are fast-thinking, straightforward and they adapt very quickly to any changes of circumstances. The team is very responsive and provides high standard advice.’

‘Daniel Cirstea is a very skilled lawyer, who provides inspired strategies for our legal issues. Andreia Dumitrescu efficiently blends the legal solutions provided with the economic and business interests of our companies. Their approach in court is particularly satisfying, since they always carefully weigh the advantages and disadvantages of each and every measure recommended to us.’

Real estate and construction Tier 4

Dragne & Asociatii SCA has a strong transactional practice, but it is on the litigation side where the team really stands out. This feeds into the firm's strong ability to advise on risks at the transaction and development phase. The experienced team includes Delia BosmanIoana OpreaAndreia Dumitrescu and highly rated managing partner Ion Dragne.

Practice head(s):

Delia Bosman; Ioana Oprea; Andreia Dumitrescu

Testimonials

‘The team’s availability and speed in finding solutions and adopting strategies is one of their main assets.  Another great asset is represented by their practical experience and their power to establish the best strategy to be followed based not only on the factual circumstances but also on the entire economical and social context of the case.’

‘They are intelligent, well-trained, rapidly adapting to the complex situations arising in the development of the case; they are supportive and dedicated to solving matters in the most professional manner.’

The firm: Dragne & Asociatii was founded in 2010 and has rapidly grown to become one of the most trustworthy law firms in Romania. With 33 lawyers, Dragne & Asociatii is a full-service law firm renowned for its vast expertise in the dispute resolution area, commercial litigation, domestic and international arbitration. Ion Dragne, the law firm’s managing partner, is one of most experienced and respected litigators in Romania. The law firm has a growing international clientele, among which are various commercial banks, investment funds, and foreign investors in a wide range of industries.

Due to the numerous cross-border projects in which Dragne & Asociatii has been involved, the firm has developed strong links with European and US law firms. The team is co-ordinated by six equity partners and includes former judges, university teachers and dedicated young practitioners.

Areas of practice: Dragne & Asociatii works across eight areas of practice: litigation and arbitration, restructuring and insolvency, tax, corporate and commercial, M&A, intellectual property, competition and antitrust, real estate and construction, employment, and banking and finance.

The firm is one of the few in Romania with experience in international commercial arbitration, investment arbitration and high-profile cross-border dispute resolution. It has advised, and continues to advise, two individual foreign investors and their companies in ICSID arbitrations against the republic of Romania, one of which is being awarded damages of more than $250 million. Dragne & Asociatii also handles numerous litigation and arbitration files for state-owned companies and private companies.

The firm is highly experienced in dealing with complex transactions, general corporate issues, joint ventures, mergers and acquisitions, etc.

It has also co-ordinated various multimillion-euro restructuring and insolvency projects, both for debtors and creditors, especially in the real estate and telecommunication sectors.

In the field of real estate and construction, the law firm assisted multinational multimillion-euro companies investing in Romanian plots of land and commercial centres. The work ranges from due diligence to sale-purchase contracts, lease agreements and FIDIC contracts.

The firm covers all sorts of tax matters in transactions and proficiently advises its clients in day-to-day relationships or disputes with the tax authorities.

In the employment field, the law firm has assisted numerous multinational companies with advice on sensitive matters of termination of executives’ contracts, collective dismissals and claims for compensation.

The banking and finance department has worked for many of the commercial banks in Romania and insurance companies in relation to various regulatory matters, enforcement of securities or negotiation of major financing contracts.

Dragne & Asociatii is one of the few law firms appointed by the Romanian Competition Council to advise it in relation to the investigation and compliance procedure of one of the biggest telecommunication and internet providers in Romania.

Department Name Email Telephone
Litigation and arbitration Ion Dragne
Litigation and arbitration Andreia Dumitrescu
Litigation and arbitration Stelian Garofil
Litigation and arbitration Daniel Cirstea
Litigation and arbitration Ioana Oprea
Litigation and arbitration Delia Bosman
Litigation and arbitration Gabriel Paraschiv
Litigation and arbitration Bogdan Toma
Litigation and arbitration Mihai Costea
Litigation and arbitration Zoe Lungu
Litigation and arbitration Catalin Barbu
Litigation and arbitration Bogdan Iordache
Real estate and construction Delia Bosman
Real estate and construction Ioana Oprea
Real estate and construction Bogdan Toma
Real estate and construction Camelia Floca
Corporate and commercial/M&A Stelian Garofil
Corporate and commercial/M&A Ion Dragne
Corporate and commercial/M&A Daniel Cirstea
Corporate and commercial/M&A Zoe Lungu
Corporate and commercial/M&A Camelia Floca
Corporate and commercial/M&A Ana Maria Filip
Employment Daniel Cirstea
Employment Ion Dragne
Employment Mihai Costea
Tax Delia Bosman
Tax Ion Dragne
Tax Ioana Oprea
Tax Bogdan Toma
Tax Catalin Barbu
IP, competition and antitrust Stelian Garofil
IP, competition and antitrust Andreia Dumitrescu
IP, competition and antitrust Ioana Oprea
IP, competition and antitrust Camelia Floca
Banking and finance Andreia Dumitrescu
Banking and finance Daniel Cirstea
Banking and finance Mihai Costea
Banking and finance Camelia Floca
Banking and finance Bogdan Iordache
Restructuring and insolvency Stelian Garofil
Restructuring and insolvency Daniel Cirstea
Restructuring and insolvency Andreia Dumitrescu
Restructuring and insolvency Gabriel Paraschiv
Restructuring and insolvency Mihai Costea
Restructuring and insolvency Ana Maria Filip
Number of lawyers : 33
English
French
German
Italian
Romanian
Contacts : Ion Dragne (ion.dragne@dragne.ro)
Contacts : Stelian Garofil (stelian.garofil@dragne.ro)
Contacts : Delia Bosman (delia.bosman@dragne.ro)
Contacts : Andreia Dumitrescu (andreia.dumitrescu@dragne.ro)
Contacts : Daniel Cirstea (daniel.cirstea@dragne.ro)
Contacts : Ioana Oprea (ioana.oprea@dragne.ro)

CLIENT: Mrs. Simona Opris

COMPANY/FIRM: GARANTI BANK

TESTIMONIAL: Dragne & Asociatii’s approach is unique, in our view, due to their capability of identifying the most advantageous legal solutions for our needs. They are fast-thinking, straightforward and they adapt very quickly to any changes of circumstances. Due to their capacity to adapt to changes, the team is very responsive to changing strategies depending on our specific needs at a moment in time.

The lawyers we have worked with were very skilled, efficiently blending the legal solutions provided with the economic and business interests of our companies. Their approach in court is particularly satisfying, since they always carefully weigh the advantages and disadvantages of each and every measure recommended to us.


CLIENT: Mrs. Raluca Visan

COMPANY/FIRM: Asirom Vienna Insurance Group

TESTIMONIAL: Our general view regarding the overall level of service is that the lawyers involved in solving our legal issues displayed a professional, advantageous and cost-effective approach. Also, they responded swiftly and promptly to our requests and addressed every issue arising out of the disputes with great care to preserving our advantages. Based on our experience, this practice is unique due to their ingenuity in court and outside of court. The lawyers we have worked with are very responsive to our requests, excellent in court, being very ingenuous and fast-thinking.


CLIENT: Mrs. Mihaela Nagoda

COMPANY/FIRM: Findrum S.R.L.

TESTIMONIAL: The team who handles our insolvency cases has a well-earned reputation for innovative thinking. All the lawyers that worked with us display a very professional approach and provide innovative solutions to legal issues.

Ion Dragne, Managing Partner

Managing Partner Ion Dragne explains how the firm is adapting to clients’ changing needs

What do you see as the main points that differentiate Dragne & Asociatii from your competitors?

Nowadays, in the context of the pandemic which has affected the entire population of the world, the amplitude of aptitudes which differentiate law firms on the market has maybe widened even more. The lawyer profession is forcedly adapting to the current context and possibly now, more than ever, the lawyers must display a continuous aptitude to provide legal assistance services in this rapidly-changing legal environment.

Thus, “having a good knowledge of the law” no longer represents the sole or at least the most important condition for lawyers to provide good quality legal services.

In this legal environment, the lawyer must hold other skills among which some business fluency and a good understanding of the market in which the clients activate, especially in this context. It is more important than ever that the lawyers adapt to the situation and rapidly understand the measures which must be taken for each business to be able to recover from this crisis as fast and as advantageous as possible. This also involves a degree of predictability and capability to foresee the future measures, which represent qualities for which Dragne & Asociatii’s lawyers are renowned.

In general, being highly specialized in all sort of dispute resolution matters, be it in litigation or in arbitration, in fields like restructuring and insolvency, exequatur and enforcement proceedings, corporate fights, labor disputes or white collar crime, we have clients from all over the country or around the world. Even if there are other law firms that appears to practice in the same areas of law, this “hyper specialization” differentiate our practice from the competitors. In fact, this reputation has proven over the years to be one of the most powerful advantage.

Which practices do you see growing in the next 12 months? What are the drivers behind that?

During these uncertain times, our prediction is that, once the health crisis passes, there will be many mandates in the field of litigation, which is expected to arise due to various contractual non-performances, as well as in debt restructuring and insolvency. The recovering economy will probably determine more companies to seek legal help in restructuring their assets or liquidating their debts. This will trigger an increase of mandates also in the banking and finance sector as restructuring of debts and finding solutions for various financial instruments would become a need also outside an insolvency procedure.

What’s the main change you’ve made in the firm that will benefit clients?

Under the latest developments in the worldwide context, we have digitalized our activity to a great extent, which cannot be other than extremely beneficial to our clients. We are available around the clock to always help our clients understand the rapidly changing legislation and the implications of such on their businesses.

We continue to closely support our clients and our capabilities are all put in their service in order to overcome the present crisis.

Is technology changing the way you interact with your clients, and the services you can provide them?

Understanding technology’s application and how this may impact on the delivery of legal services is and has always been, in recent times, a key for every successful lawyer. Even more than that, I believe that in the current context, a good grasp of technology is extremely important for a lawyer.

We have interacted much more in the last period with our clients through technological means, due to travel restrictions and our services have remained at the same high quality. We benefit from the use of technology every day in our activity, as it helps us understand complex technical cases at the level of details, it helps us “translate” into the language of judges or arbitrators sophisticated factual or technical matters or help us collate an enormous amount of information.

In ordinary times, technology is also a very useful tool for lawyers to identify the best and most useful piece of jurisprudence or of scholarly literature out of millions of decisions and books available on the market.

Can you give us a practical example of how you have helped a client to add value to their business?

Our clients benefit every day from our legal advice which is custom tailored to their needs, while intertwined with speed in identifying the most rapid solutions to benefit their businesses. We have helped clients add value to their business over the years by developing longstanding legal relationships, which have enabled us to be very well aware of the particularities of their activities.

From such perspective, we are always able to swiftly identify means by which clients obtain the best solutions in the shortest timeframe.

Are clients looking for stability and strategic direction from their law firms – where do you see the firm in three years’ time?

In the last years, the clients seemed to have been looking for stability and for longstanding legal relationships. As mentioned above, this tendency is probably owed to the advantages that come together with having a lawyer who is extremely well aware of the particularities of the business.

Our existing customers already know us and our work and in our turn, we know their business. Using this knowledge we may be able to turn them into loyal clients.

I see Dragne & Asociatii in the near future as a law firm that will be permanently ready to adapt to a rapidly shifting world. Our flexibility and good expertise would make us adapt quickly and accommodate rapidly changing client needs and I think we have already proven that in this unprecedented world crisis.

Germany and Austria: Forerunners of 5G security measures?

The subject of cyber security of 5G networks is currently on the discussions table in all European countries. Preliminary steps for the implementation of 5G network security measures should have been completed by 30 April, according to the timetable initially proposed by the European Commission[1]. Subsequently, a joint report was to be released by each state on the implementation of these measures.

Germany and Austria: Forerunners of 5G security measures?

The subject of cyber security of 5G networks is currently on the discussions table in all European countries. Preliminary steps for the implementation of 5G network security measures should have been completed by 30 April, according to the timetable initially proposed by the European Commission[1]. Subsequently, a joint report was to be released by each state on the implementation of these measures.


Compatibility of 5G cyber security measures with free trade

At the beginning of year 2020, the NIS[i] Cooperation Group has published a set of cyber security measures as means to implement the 5G system (titled 5G Network EU Toolbox Risk Mitigating Measures) containing a set of technical and strategic measures recommended to be taken by the member states of the European Union[ii].