Zamfirescu Racoti Vasile & Partners features a restructuring and insolvency practice able to support with the full range of financial distress matters – from concordat proceedings to insolvency and the resulting court disputes, handling both secured and unsecured receivables. The members are regularly trusted with high-profile and high-stakes mandates, adeptly assisting on cases involving large groups of creditors and debtors. Stan Tirnoveanu and Alexandru Iorgulescu jointly lead the department, where Tirnoveanu is a licensed insolvency practitioner and a key choice for clients from the banking industry, and Iorgulescu is an experienced litigator. The team is aptly supported by Viorica Clima, who focuses on non-performing loan recovery and enforcement actions.
Legal 500 Editorial commentary
Accolades
Client satisfaction: Billing & efficiency
Client satisfaction: Sector knowledge
Testimonials
Collated independently by Legal 500 research team.
- ‘The team has deep knowledge in insolvency procedures.’
- ‘Tirnoveanu has an excellent way to solve the legal issues. Iorgulescu is dedicated and always punctual.’
- ‘Proactive case management, and seamless client communication.’
- ‘The expertise and the mix of the team enables them to handle complex or niche cases with confidence and authority.’
Key clients
- TTS.SA
- CNFR Navrom SA
- Radet SA
- Colterm SA
- Apatel Properties SRL
- APS Theta SARL
- Pro Meat Fresh SRL
- Avicola Tărtășești Poultry SRL
- UNICREDIT BANK SA
Work highlights
Advising two naval transport companies in the arrangement of a creditors procedure opened against Liberty Galati, with the aim of registering and recovering a multi-million debt.
Assisting more than 40 creditors in the insolvency procedure opened against Nordis Management and Nordis Mamaia, with the scope of recovering debts that exceed 7.000.000 euro deriving from sale purchase promises.
Advising Radet SA, currently in bankruptcy, in two actions for the consolidation of the debtor’s patrimony with assets and receivables exceeding the value 15.000.000 euro.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
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
Stan Tîrnoveanu; Alexandru Iorgulescu
Other key lawyers
Viorica Clima