Clients recommend Wolf Theiss professionals because they ‘find the best path forward – not just legally, but commercially as well’, aligning business goals with legal needs. The team can support with the full range of proceedings: from strategy, application, and claim registration, to reorganisation, liquidation, and takeover. Its expertise spans various industries, and it represents creditors and debtors alike. The practice is jointly coordinated by Ileana Glodeanu, corporate law specialist, and Andreea Zvâc, who is proficient in complex dispute resolution. Cornelia Postelnicu and Gabriela Pătrăşcan focus on cross-border transactions and insolvency procedures, respectively.
Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • Our bailiff office has been working with the Wolf Theiss team for over a decade, and a significant part of our collaboration involves enforcement procedures where insolvency-related issues are frequently encountered and cannot be overlooked. Wolf Theiss stands out through their ability to understand the interaction between enforcement and insolvency law, offering strategic legal input in cases where the debtor's financial situation is complex or evolving. Their team is well-versed in identifying and addressing the procedural and substantive challenges that arise when enforcement actions intersect with insolvency proceedings, whether formal or incipient. In our experience, enforcement cases involving insolvent or near-insolvent debtors often require not only legal precision but also a deep understanding of the practical implications of insolvency law. Wolf Theiss' lawyers are proactive in anticipating potential obstacles, such as the suspension of enforcement, creditor ranking, or the impact of restructuring plans, and they provide timely and well-reasoned guidance. This makes them a valuable partner in enforcement procedures where insolvency is a recurring theme, and their contribution often proves decisive in securing creditor rights in a legally sound and efficient manner. A particularly notable case we handled together involved the enforcement of a precautionary attachment ordered by the court, securing a receivable of over EUR 21 million for a Wolf Theiss client. Throughout the enforcement process, we carefully considered the risk of insolvency when selecting the assets to be attached. The strategy was designed to ensure that the debtor could continue its business activity while also securing the creditor’s ability to recover the claim. Such sensitive balance required close coordination with the Wolf Theiss team and a significant understanding of both enforcement and insolvency law.
  • Flexible and available team with a pragmatic approach.
  • In our recent work with the Restructuring & Insolvency team, we were fortunate to collaborate with professionals who combine legal excellence with a strong understanding of business realities. Andreea Zvac brought a global perspective and deep industry knowledge to the table. Her ability to handle complex mandates with precision and creativity made a significant impact. She doesn’t rely on conventional approaches; instead, she offers innovative solutions tailored to the specific challenges at hand. Her client-focused mindset and strategic thinking were key to our success. Cornelia Postelnicu once again proved to be a reliable and highly capable advisor. Her ability to manage diverse resources across a complex project was impressive. She consistently delivered structured, timely, and commercially aligned advice. Cornelia’s professionalism and dedication make her a standout lawyer, and we would strongly support her recognition in industry rankings.
  • This practice is known for its strong cross-border capabilities, strategic thinking, and client-first mindset. The team blends deep local expertise with international experience, offering tailored, commercially focused advice. Clients value the team’s responsiveness, collaboration, and practical approach, especially in complex or sensitive matters. Compared to other firms, it stands out for its agility, senior involvement, and consistent quality.
  • Wolf Theiss' insolvency practice is solid, and it excels in delivering out-of-the-box solutions in a fast-paced insolvency landscape. We had several projects in collaboration with them as insolvency practitioners, and we managed to create and implement several efficient solutions in a timely manner.
  • Navigating restructuring processes is never easy, but the team at Wolf Theiss made the process far more manageable than we expected. From the outset, they took the time to understand our situation in depth, which allowed them to craft solutions that were both realistic and effective. What stood out most was their collaborative approach. They worked seamlessly across different practice areas, bringing in the right expertise at the right time. That coordination gave us a sense of continuity and confidence throughout the process. Their advice was clear, actionable, and always aligned with our business priorities. We felt like they were genuinely invested in helping us find the best path forward—not just legally, but commercially as well. It’s rare to find that level of dedication and strategic thinking in one team.

Key clients

  • AOT Energy
  • Arcelor Mittal
  • Land Power
  • Bunge
  • DenizBank
  • Energreen Investment Europe
  • Junik
  • Toros-Agroport Romania
  • Teren Operations
  • Traxys

Work highlights

Advising AOT Energy Switzerland AG and its Romanian subsidiary in relation to all steps of the insolvency proceedings of their debtor including advice on a proposed reorganisation plan and take over process for the main assets of the insolvent company.
Representing Land Power SA in two high-value claims within insolvency proceedings – one seeking annulment of alleged fraudulent acts, and another for multi-million-euro liability for allegedly causing the debtors' insolvency.
Advised on the insolvency of the Romanian manufacturing subsidiary of Holmbergs, acting for the foreign parent company across all stages—from filing to liquidation.

Lawyers

Leading associates

Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.

Practice head

Ileana Glodeanu; Andreea Zvâc

Other key lawyers

Cornelia Postelnicu; Gabriela Pătrășcan