Pavel, Margarit & Associates Romanian Law Firm > Bucharest, Romania > Firm Profile

Pavel, Margarit & Associates Romanian Law Firm
ARA BUSINESS CENTER, 6C PARINTELE GALERIU STREET
1ST FLOOR
020762 BUCHAREST
Romania

Romania > Restructuring and insolvency Tier 3

Pavel, Margarit & Associates Romanian Law Firm has an ‘excellent understanding of the field‘ and a particularly strong track record representing clients in the real estate, manufacturing, retail and natural resources sectors, both on the debtor and creditor side. Work also includes support with distressed asset sales and acquisitions, debt recovery claims, debt restructurings, and court-based insolvency proceedings. Managing partner Radu Pavel is the lead contact, providing ‘wise counsel specifically tailored to addressing client needs‘.

Practice head(s):

Radu Pavel

Testimonials

‘Pavel, Margarit & Associates has an excellent understanding of this field. What impressed me the most was the hard-working spirit.’

‘They provided high-quality advice and you can have every confidence in them. The team is very known for the confidence inspired. I would not choose any other team to handle my cases.’

‘Radu Pavel has done a stellar job regarding my insolvency matter. He provides wise counsel specifically tailored to addressing client needs.’

‘The lawyers are very communicative and responsive, known for their understanding of complex matters. Their advice is always spot on and objective.’

Romania > Real estate and construction Tier 4

Pavel, Margarit & Associates Romanian Law Firm advises a mix of landowners, developers, banks and investors on their Romanian real estate interests. The firm has notable expertise across multiple asset classes, including residential, hospitality and industrial, with particularly strong niches in retail and mining, and natural resources. Managing partner Radu Pavel leads the team.

Practice head(s):

Radu Pavel

The firm: Pavel, Margarit and Associates Romanian Law Firm has over 17 years of experience and has been recognized on the market as a strong and respected firm that assists and advises both domestic and international clients, key players from different industries on complex mandates.

The law firm is characterized by international reach and the multidisciplinary approach that our team takes on all projects. Almost all of our projects are cross-border, working with Magic Circle firms and other leading firms from all over the world.

We assembled a team of highly skilled attorneys with extensive experience, eager to dedicate their time and best efforts, to provide high-end legal services, having the knowledge and ability to approach every transaction from start to closing, working side by side with our clients, to make sure that their objectives are fully achieved.

We reach to our clients by offering our legal know-how, competency and reliability throughout the process of adopting and implementing the most effective solutions and sophisticated strategies, with the sole purpose of protecting their interests. Furthermore, we believe that each customer should receive tailored services, in a timely manner.

Areas of practice:

Pavel, Margarit and Associates Romanian Law Firm provides legal services in the following practice areas: Corporate, Commercial and M&A, Banking, Finance and Capital Markets, Energy and Natural Resources, Real Estate and Construction, Dispute Resolution, Insolvency, Restructuring and Bankruptcy, Intellectual Property, Employment and Labour Law and Criminal Law & White Collar Crime, to mention the most important.

We advice on project finance, acquisition, business transfers, cross-border transactions, data protection, communications and IT, environmental law, regulatory legal services, to name a few.

DepartmentNameEmailTelephone
Corporate, Commercial and M&A PhDc Radu Catalin Pavel
Corporate, Commercial and M&A Claudia Pavel
Restructuring & Insolvency PhDc Radu Catalin Pavel
Real Estate & Construction PhDc Radu Catalin Pavel
Banking, Finance and Capital Markets PhDc Radu Catalin Pavel
Banking, Finance and Capital Markets Claudia Pavel
Energy PhDc Radu Catalin Pavel
Dispute Resolution PhDc Radu Catalin Pavel
Dispute Resolution Claudia Pavel
Administrative and Public Law PhDc Radu Catalin Pavel
Telecoms, IT, Media and Technology PhDc Radu Catalin Pavel
Criminal Law and White-Collar Crime PHD Nicolae Margarit
Intellectual property PhDc Radu Catalin Pavel
PhotoNamePositionProfile
Nicolae Margarit photoProf Dr Nicolae MargaritProf. Dr. Nicolae Margarit attorney at law has a vast experience in…
Claudia Pavel photo Claudia PavelClaudia Pavel is a business oriented professional, with studies in Law and…
PhDc Radu Pavel photoMr PhDc Radu PavelRadu Catalin Pavel is the Managing Partner and Founder of Pavel, Margarit…
PhDc Radu Catalin Pavel photo PhDc Radu Catalin PavelWithin more than 13 years of sophisticated and diversified business practice, Radu…
Number of lawyers : 15+
English
French
Italian
Spanish
Asociación Europea de Abogados (AEA International Lawyer Network)
Bucharest Bar
Managing Partner : PhDc Radu Catalin Pavel, radu.pavel@avocatpavel.ro
Executive Director : Claudia Pavel, claudia.pavel@avocatpavel.ro

We know that diversity can be reached in a working environment of inclusion, understanding, respect and opportunity where everyone can reach their potential.

We recruit and retain the best people and we aim to develop them to perform to the highest level.

By valuing differences among people and utilizing the best talents of everyone, we maximize the productivity, creativity, contribution and commitment of our team.
Our commitment is to provide our clients with the highest quality legal service in the most cost effective and efficient manner possible. We appreciate the differences among our people and the benefit from diversity of their background and experiences.

We commit ourselves to the highest principles of honesty, fairness and truth.

We commit ourselves to the long-term viability of our firm. We value our culture and strive to preserve it.

The firm is committed to ensure equal opportunity to all its staff. Thru its history, the firm promoted diversity by hiring and retention of women as lawyers and staff.

The firm diversity vision is to develop professional opportunities and to foster an environment in which minorities and women may perform proudly and give the firm’s clients the benefits of a law firm balanced fully in terms of race, ethnicity and gender.

Our success in retention has resulted from the appraisals of performance and realistic evaluations regarding the potential for promotion.

The firm is providing coaching and mentoring to associate lawyers.

The firm values diversity because it encourages the innovative thinking that results from a broad range of perspectives.

We believe in supporting pro bono cases that have a meaningful impact and we undertake pro bono matters with the same innovative solutions and high-end legal advice to the best of our knowledge that we deliver in all our work.

As part of our law firm commitment in CSR, sponsorships and pro bono, we are sustaining scientific associations to achieve their goals, we are sustaining scientific magazines and we provide learning materials for members.


1. Assisted one of the biggest foreign investors in Romanian mining industry, a leading UK AIM listed company, Vast Resources Plc, in a cross-border transaction spanning three jurisdictions, regarding a Prepayment Agreement with a value up to USD 9.5 million with one of the largest integrated energy and commodity trading companies in the world. Our services included: drafting the sale-purchase agreements for ore concentrate, drafting legal opinions, regulatory matters in environmental, water management, exploitation licence and exploration program, including fulfilling all the precedent and subsequent conditions of the transaction. Negotiation, registration and perfection of the security documents in connection with the transaction documentation.

2. Assisted a leading UK Ltd company, with operations in mineral resources and gold exploration, in a cross-border acquisition of a Romanian gold exploration company. Legal services: drafting the SPA, fulfilment of the Condition Precedent, due diligence on mining matters, transaction structuring, natural resources regulatory matters, compliance matters, corporate and mining legislation, contracts, security documents.

3. Assisted one of the biggest foreign investors in Romanian mining industry, a leading UK AIM listed company focused in Zimbabwe, Zambia and other jurisdictions, in the two phase cross-border acquisition of a leading Romanian mining company. Our services included: drafting the transaction documents, security documents, advising on due diligence mining matters, transaction structuring and natural resources regulatory and compliance matters.

4. Assisted the main shareholders of a top hypermarket in Romania in a transaction of acquisition of shares from a minority shareholder. The advice included the analysis of the sale assets, the preparation and negotiation of the sale – purchase agreement, corporate approvals and debt assignments.

5. Advised in day-to-day legal operations a major real estate developer in Romania, in the development of a five stars resort, in value over EUR 100 million. Legal advice: legal opinions on real estate legal issues, asset evaluation, due diligence, regulatory matters, drafting and negotiation of promissory sale and sale purchase agreements, transaction and security documents, real estate litigation matters.

6. Advised a multi-commodity resource exploration and development company in Romania, in a multi-million Euros merger through absorption project with a former state owned mining company. Our services included: advising on mining due diligence matters, transaction structuring and regulatory matters, advice on regulatory framework in mining and regarding the compliance matters.

7. Advised a leading Italian energy player in the acquisition of a photovoltaic Project in Romania. Our services included: drafting the SPA, regulatory issues, concession, electricity agreements, licensing, assisting with procedural steps and liaising with the relevant authorities in the energy field, advising on regulatory framework in energy and compliance matters.

8. Advised a major Romanian iron and steel manufacturer in a successful reorganization process during the entire insolvency procedure until the reintegration into the Romanian economic circuit. The company held assets amounting over EUR 2.8 million. Our services included: reorganization process strategy, reorganization plan documentation, Director’s liabilities, large loans reschedule, preliminary table of receivables appeals, Reorganization Plan drafting and implementation. The firm successfully secured for the Client a large haircut of the unsecured claims, which was essential for company’s restructuration.


We know that diversity can be reached in a working environment of inclusion, understanding, respect and opportunity where everyone can reach their potential. We recruit and retain the best people and we aim to develop them to perform to the highest level. By valuing differences among people and utilizing the best talents of everyone in the team, we maximize the productivity, creativity, contribution and commitment of our team.
Our commitment is to provide our clients with the highest quality legal service in the most cost effective and efficient manner possible. We appreciate the differences among our people and the benefit from diversity of their background and experiences. We commit ourselves to the long-term viability of our firm. We value our culture and strive to preserve it. The firm is committed to ensure equal opportunity to all staff. Thru its history, the firm promoted diversity by hiring and retention of women as lawyers and staff members. More than 60% of our team members are women, including in leading positions of our firm. The firm diversity vision is to develop professional opportunities and to foster an environment in which minorities and women may perform proudly and give the firm clients the benefits of a law firm balanced fully in terms of race, ethnicity and gender. Our success in retention has resulted from the appraisals of performance and realistic evaluations regarding the potential for promotion. The firm is providing coaching and mentoring to our lawyers and staff members. The firm values diversity because it encourages the innovative thinking that results from a broad range of perspectives.

We believe in supporting pro bono cases that have a meaningful impact and we undertake pro bono matters with the same innovative solutions and high-end legal advice to the best of our knowledge that we deliver in all our work. As part of our law firm commitment in CSR, sponsorships and pro bono, we are sustaining scientific associations to achieve their goals, we are sustaining scientific magazines and we provide learning materials for members. We also focus on sponsorship cultural and educational events and charity.

The Romanian Law Firm Pavel, Mărgărit and Associates provides legal assistance to a prestigious company which has as object of activity the manufacture of metal structures and parts of structures in Romania in order to recover a debt

The Romanian Law Firm Pavel, Mărgărit and Associates provides legal assistance to a prestigious company which object of activity is manufacture of metal structures and parts of structures, in order to recover a debt from a Romanian debtor, representing the payment for the services and products provided according to the obligations established by the sale and purchase agreement in Romania.

Pavel, Mărgărit and Associates provides legal assistance to an important investor in an energy project of photovoltaic parks in Romania

The Romanian Law Firm Pavel, Mărgărit and Associates provides legal assistance to an important investor in an energy project of photovoltaic parks in Romania in terms of legal, financing and project authorization matters.

The Romanian Law Firm Pavel, Mărgărit and Associates successfully provided legal assistance and representation to a prestigious Romanian company operating in the construction field in order to settle a dispute between shareholders in Romania

The Romanian Law Firm Pavel, Mărgărit and Associates has successfully provided legal assistance and representation to a prestigious Romanian company that operates in the construction field in Romania in order to settle a dispute between shareholders in Romania, establishing the strategy to be followed in order to protect the company’s best interests. A lawyer specialized in commercial, corporate, real estate and construction law in Romania can assist you in that type of matter, ensuring that the shareholder’s rights in Romania are respected and taking into account the possible dispute between the shareholders in Romania which may arise as a result of the abusive actions of the other shareholder, which lead, in most cases, to the exclusion of the shareholder in Romania.

Pavel Mărgărit and Associates provides legal assistance in the sale and purchase for shares of an important company that has as object of activity the import and distribution of medical equipment in Romania

The Romanian Law Firm Pavel, Mărgărit and Associates provides legal assistance to an important company which object of activity is the import and distribution of medical equipment in Romania in the procedure of sale and purchase for shares in Romania,  legal assistance including at this stage the analysis and reporting to the client of the most important aspects to be taken into account in the process sale and purchase for shares in Romania, mainly being about the financial analysis in Romania or the clauses on which the attention should be directed when the sale and purchase agreement for shares in Romania is concluded, a lawyer specialized in civil law, corporate law and commercial law in Romania being able to provide legal services, including reviewing the sale and purchase agreement for shares in Romania and the due diligence in Romania, in accordance with the interests of the parties.

Pavel Mărgărit and Associates provided legal assistance to the most recognized farm for production of organic consumer eggs in Romania in the sale to a Romanian investor of a project financed by European funds in the field of agriculture

The Romanian Law Firm Pavel Mărgărit and Associates provided legal assistance to the most well-known farm for the production of organic consumer eggs in Romania in order to conclude a transaction with a Romanian investor, having as object a project financed from European funds in Romania. Legal assistance consisted in reviewing the sale and purchase agreement for shares in Romania, respectively the sale contract for the land related to the investment, as well as assistance and representation before the notary public in negotiating and signing agreements and other documents specific to transaction.

The Romanian Law Firm Pavel, Mărgărit and Associates assists and represents the largest Romanian company in the field of Multi-level Marketing in order to develop an online course platform in Romania

The Romanian Law Firm Pavel, Mărgărit and Associates provides legal assistance and representation to the biggest Romanian company in the field of Multi-level Marketing and information technology (IT) in Romania, in order to develop an online platform in Romania, in accordance with the legal requirements in Romania.

The Romanian Law Firm Pavel, Mărgărit and Associates provides legal assistance and representation to a prestigious property developer in Romania in order to amend the Zonal Urban Plan (PUZ) in Romania

The Romanian Law Firm Pavel, Mărgărit and Associates provides legal assistance and representation to a prestigious property developer in Romania in order to amend the Zonal Urban Plan (PUZ) in Romania, taking into account the possibility of building a playground and a restaurant in Romania. Our Law Firm’s team of lawyers specialized in real estate and construction law in Romania could assist you in the procedure of amending the Zonal Urban Plan (PUZ) in Romania, being known that, on real estate and construction field in Romania, the technical documentation is complex, requiring specialized assistance in order to guarantee the achievement of the requirements imposed by the Romanian authorities.

Pavel, Mărgărit & Associates Romanian Law Firm assists one of the most prestigious German companies in the field of energy and construction on a quarterly monitoring of the Romanian legislation

Pavel Mărgărit & Associates Romanian Law Firm assists one of the most prestigious German companies in the field of energy and construction on a quarterly monitoring of the Romanian legislation in areas of interest for the client, such as environmental law, real estate and construction, energy and natural resources, intellectual property, administrative-fiscal law in Romania and not only. Thus, the specialty assistance consists in the analysis of the previously mentioned practice areas, being highlighted, through a comprehensive legal research, the legislative updates in Romania, especially those changes that impact the client directly in the performance of his activity, occasion for which Pavel Mărgărit & Associates Romanian Law Firm recommends contacting a lawyer specialized in consultancy matters in Romania, considering the multitude of legislative acts in Romania as well as the need to interconnect and corroborate them, regardless of the field that is the subject of discussion.

The Romanian Law Firm Pavel, Mărgărit and Associates provides assistance and representation in Real Estate and Construction area to foreign citizens who want to buy real estate properties in Romania

The Romanian Law Firm Pavel, Mărgărit and Associates provides assistance and representation in real estate and construction in Romania to foreign citizens who wish to purchase real estate properties in Romania with the aim of acquiring the ownership right in Romania according to the current applicable law.

The Romanian Law Firm Pavel, Mărgărit and Associates assists and represents the largest naval company from United Kingdom in order to recover a debt from a Romanian debtor

The Romanian Law Firm Pavel, Mărgărit and Associates assists and represents the largest naval company from UK regarding the debt recovery in Romania, representing an advance on the sales agreement of an electric motor boat in Romania. A lawyer specialized in debt recovery and civil litigation can guide you in recovering sums of money in Romania, both in the stage of negotiations and later, during the procedural and processual stages, considering that often, the debtor’s bad faith, considering the non-execution of the contractual obligations, leads to a difficult and long-lasting process.

The Romanian Law Firm Pavel, Mărgărit and Associates provides assistance and representation in the intellectual property area to a successful Romanian company which object of activity is Multi-Level Marketing (MLM) training and consultancy

The Romanian Law Firm Pavel, Mărgărit and Associates provides assistance and representation in the intellectual property area in Romania to a successful Romanian company which object of activity is Multi-Level Marketing (MLM) training and consultancy in order to obtain a favorable solution for the request of payment for violation of intellectual property rights in Romania on a software platform developed by the company.

The Romanian Law Firm Pavel, Mărgărit and Associates provided legal assistance to a Romanian citizen residing in Germany in regards to carrying out the necessary steps for the enforcement of the court decision on completing the civil status documents

The Romanian Law Firm Pavel, Mărgărit and Associates has provided first-class legal services to a Romanian citizen residing in Germany, in order to carry out the necessary steps for the enforcement of the court decision in Romania regarding the completion of the civil status documents in Romania, respectively the marriage certificate in Romania, in which the names of the parents of the spouses were missing as a result of the procedure of transcription.

The Romanian Law Firm Pavel, Mărgărit and Associates has successfully provided legal advice to a prestigious Israeli company in order to draft an employment agreement in Romania

The Romanian Law Firm Pavel Margarit and Associates provided legal assistance of the highest quality to a well-known company from Israel in the field of recreational and entertainment activities, in order to draft an employment agreement in Romania. The Law Firm’s assistance consisted, among other things, in drafting an employment agreement in Romania, taking into account the amendments made to labor legislation by Order no. 2171/2022 in Romania, the team, composed of lawyers specialized in civil law and the conclusion of employment agreements in Romania, establishing the conditions under which the employee in Romania undertakes to carry out his activity, in exchange for the payment of the salary rights. The Romanian Law Firm Pavel Margarit and Associates recommends contacting a lawyer specialized in civil law and conclusion of employment agreements in Romania, who can assist you in a drafting the employment agreement, considering the fact that, following the new amendments made to labor legislation by Order no. 2171/2022 in Romania, new mandatory terms of the employment agreement have been introduced, terms that must be included in the individual employment agreement in Romania, the non-compliance with them attracting important consequences in terms of the registration of the individual employment agreement in Romania.

The Romanian Law Firm Pavel, Mărgărit and Associates has successfully provided legal advice to a well-known Israeli company for the conclusion of a lease agreement in Romania

The Romanian Law Firm Pavel Mărgărit and Associates provided legal assistance of the highest quality to a well-known company from Israel in the field of recreational and entertainment activities, revising a lease agreement in Romania that has as its object an immovable property in Romania from a prestigious area, in the center of the capital. The Law Firm’s assistance consisted, among other things, in removing the abusive clauses from the lease agreement in Romania, negotiating the terms of the lease agreement in Romania, as well as drafting the clauses that allow the lessee to work from home in Romania. A lawyer specialized in civil law, the conclusion of lease agreements and civil litigation in Romania can guide the client in the procedure for concluding a lease agreement in Romania by revising or drafting the clauses of the lease contract in Romania.

Pavel, Margarit and Associates Romanian Law Firm successfully advised an international American art, production and game development outsourcing company in drafting a legal opinion regarding the sole proprietor system in Romania as well as other fiscal and commercial aspects

Pavel, Margarit and Associates Romanian Law Firm offered legal services to a major player in IT and tech industry from U.S.A. active in the field of computer programming activities services and online games in Romania, consisting in drafting of a comprehensive legal opinion covering both fiscal and commercial issues in Romania, regarding the system of the sole proprietors in Romania. The analysis consisted of extensive research in which were described, among other things, the advantages and disadvantages of the types of sole proprietors in Romania, the tax payment procedure for sole proprietors in Romania related to each system thus presented as well as the procedure for registering a sole proprietor in Romania.

Pavel, Mărgărit and Associates Romanian Law Firm successfully assisted a major IT company from Great Britain, which developed an online platform for recruiting in human resources (HR) industry operating worldwide. Our legal services included reviewing in the necessary documentation for the operation of the website, respectively Terms and Conditions in Romania, Privacy Policy in Romania, Cookie Policy in Romania, Contract Withdrawal Policy in Romania

The Romanian Law Firm Pavel, Mărgărit and Associates, specialized in commercial law, GDPR, media and communications technology (TMT) in Romania, provided guidance to a UK IT company that developed a platform that automatically generates CVs for interested persons who fill in certain essential fields on the website where the platform is found, in reviewing the Romanian Terms and Conditions, as well as the Privacy Policy, documents necessary for the operation of the website where the platform is located.

Pavel, Margarit and Associates Romanian Law Firm successfully assisted a major Polish producer of household appliances to registration as a creditor following the opening of the insolvency proceedings in Romania against a Romanian Company which object of activity is the retail sale via mail order or via Internet

Pavel Margarit and Associates Romanian Law Firm successfully assisted a major Polish producer of household appliances to registration as a creditor following the opening of the insolvency proceedings in Romania against a Romanian Company which object of activity is retail sale via mail order or via Internet in Romania. Pavel Margarit and Associates Romanian Law Firm has many lawyers specialized in insolvency, restructuring and bankruptcy in Romania who have carried out a detailed analysis of the creditor’s situation, the contractual relation with the debtor, as well as the existence of the debt as a whole.

The Romanian Law Firm Pavel, Mărgărit and Associates has successfully assisted the largest distributor of floating properties in the United Kingdom in the process of debt recovery regarding the sales agreement of an electric motor boat in Romania.

The Romanian Law firm Pavel, Mărgărit and Associates has provided legal assistance to the largest distributor of floating homes and properties in the United Kingdom in order to recover a debt that constitutes the advance payment in the sales agreement of an electric motor boat in Romania. The Romanian Law Firm Pavel Mărgărit and Associates presents a variety of lawyers with top-tier experience in debt recovery and civil litigation in Romania, who can provide legal assistance in the field of debt recovery and civil litigation in Romania.

The Romanian Law Firm Pavel, Mărgărit and Associates provided legal assistance to a Canadian citizen on the legal implications of the taxation of cryptocurrencies in Romania and how to calculate the revenues obtained from the transactions with cryptocurrencies in Romania

The Romanian Law Firm Pavel, Mărgărit and Associates has provided legal assistance to a Canadian citizen regarding the questions on the taxation of cryptocurrencies in Romania, as well as the Romanian tax legislation for the revenues obtained from the transactions with cryptocurrencies in Romania. The Romanian Law Firm Pavel, Mărgărit and Associates recommends contacting a lawyer specialized in cryptocurrencies and virtual currency transfers in Romania in order to advise you on transactions with cryptocurrency in Romania, the taxation of cryptocurrencies in Romania or any other issues related to the Romanian tax legislation.

The Romanian Law Firm Pavel Margarit and Associates successfully assisted the only importer and distributor of the most popular brand of Premium paints in Romania against a Romanian company which object of activity is real estate construction and sale of wood products in Romania

The Romanian Law firm Pavel Margarit and Associates successfully assisted the only importer and distributor of the most popular brand of premium paints in Romania against a Romanian company, which object of activity is real estate construction and sale of wood products Romania, in order to recover some amounts of money contained in the tax invoices bearing penalties and for the termination of using trademarks registered in Romania, as it’s stipulated in the distribution agreement of paints products in Romania.

The Romanian Law Firm Pavel, Mărgărit and Associates has successfully provided legal services to a prestigious American property developer regarding the conclusion of a design services contract in Romania of a residential complex in Romania

The Romanian Law Firm Pavel, Mărgărit and Associates provided legal assistance to a major American property developer on Real Estate and Construction law in Romania, namely the revision of a design services contract in Romania regarding a residential complex in Romania.

The Romanian Law Firm Pavel, Mărgărit and Associates has successfully provided legal services to the first-rated travel agency in Romania regarding the conclusion of a lease agreement in Romania

The Romanian Law Firm Pavel, Mărgărit and Associates has provided legal advice to the first-rated travel agency in Romania in order to review a lease agreement in Romania regarding a hotel on the Black Sea coast in Romania. The Romanian Law Firm Pavel, Mărgărit and Associates recommends contacting a lawyer specialized in civil law and concluding lease agreements in Romania, who can guide you in the procedure of concluding a lease agreement in Romania in accordance with the legal provisions in Romania.

Pavel, Margarit and Associates Romanian Law firm provided legal assistance to a UK company that offers consultancy services in Romania in regards to the risks to which the company may be exposed in the context of the significant changes brought to the Romanian Fiscal Code starting with 1st January 2023

Pavel, Margarit and Associates Romanian Law Firm provided legal assistance to a UK company that provides consultancy services in Romania, consisting in the elaboration of a legal opinion on the amendments brought to the Romanian Fiscal Code since 1st January 2023 and the risks to which the client may be exposed, both from a legal and fiscal points of view.

What is the procedure of cancelling a promissory note and appealing against enforcement in Romania?

Being a common financial payment instrument in the relations between professionals, promissory notes in Romania play an important role in discharging from the contractual obligation arising from the contract concluded between the two parties, with the purpose of guaranteeing the payment obligations in Romania. The biggest advantage of the promissory note in Romania is the quality of enforceable title in Romania. Thus, if the payment obligation in Romania is not respected on the basis of the promissory note in Romania at maturity, the creditor is entitled to request directly the enforcement in Romania. Law no. 58/1934 also provides the way in which the cancellation of the promissory note in Romania and appealing against enforcement in Romania can be obtained. The Romanian Law Firm Pavel, Mărgărit and Associates recommends contacting a lawyer specialized in commercial disputes, cancelling promissory notes and appealing against enforcement in Romania who can guide you in the procedure of cancelling promissory notes in Romania and appealing against enforcement in Romania.

Legal Update

The Romanian Law firm Pavel Margarit and Associates successfully assisted the only importer and distributor of the most popular brand of Premium paints in Romania against a Romanian company which object of activity is the production of doors in Romania.

Pavel, Margarit and Associates Romanian Law Firm successfully represented a Romanian company operating in the energy industry in order to reject an application for the opening of insolvency procedure filed in bad faith by a business partner

Pavel, Margarit and Associates Romanian Law Firm assisted a major company in the energy industry, part of a well-known group with a high reputation on the international market, in an insolvency case following an abusive request of a business partner for opening the insolvency procedure. This request was, in fact, a way of forcing the company to pay a debt. In such cases, Pavel, Margarit and Associates Romanian Law Firm recommends to discuss with a lawyer specialized in insolvency, reorganization and bankruptcy law in order to legally reject the bad faith claim in Romania.Pavel, Margarit and Associates services included legal assistance and representation in front of the Court, drafting defences against the request of the creditor, drafting written arguments and other procedural documents for supporting client position, reviewing and submitting evidence for counter-arguing the insolvency arguments of the other party, reviewing and invoking case law for supporting client position.Pavel, Margarit and Associates successfully won the case in front of the first court. We exposed to the court that the company is not insolvent.Pavel, Margarit and Associates succeeded to prevent the opening of insolvency proceedings used by the creditor as a constraint to pay a claimed debt in Romania.Pavel, Margarit and Associates Romanian Law Firm represented creditors and debtors, clients from Romania and from abroad, having lawyers specialized in the field of insolvency proceedings in Romania and offering legal assistance and representation in successful projects in Romania.“We are happy to be ranked on the 3rd place in Romania in the Insolvency and Restructuring area of practice by the International Legal Guide Legal 500 from London, UK. This is the recognition of our team of lawyer’s expertise in the insolvency, reorganization and bankruptcy in Romania.” said Radu Pavel, The Managing Partner of Pavel, Margarit and Associates Romanian Law Firm.In order to carry out the insolvency procedure, and especially to reject an application for opening the insolvency proceedings filled in bad faith, Pavel, Margarit and Associates Romanian Law Firm recommend addressing this legal issue to a lawyer specialized in insolvency proceedings in Romania in order to assist the creditors or debtors in front of the Romanian Insolvency Court.Pavel, Margarit & Associates Romanian Law Firm is one of the top law firms in Romania, offering top legal advice. The Romanian law firm’s clients are foreign and top local companies and high worth individuals. In 2022, the success stories of the Romanian Law Firm have brought recognition from the most prestigious international guides and publications. The firm was ranked third place in Romania by the Legal 500 publication. The Romanian law firm is also recognized by IFLR 1000 Financial and Corporate Guide 2022. Pavel, Margarit & Associates Romanian Law Firm is also the only law firm in Romania recommended by the Global Law Experts Director in London in the Dispute Resolution area of Practice. All the relevant information regarding Pavel, Margarit & Associates Romanian Law Firm can be found on the website www.avocatpavel.ro

Pavel Mărgărit and Associates Romanian Law Firm advised the shareholder of a major Romanian green energy company, negotiating and resolving various disputes between the company’s shareholders on commercial and civil matters.

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