The restructuring and insolvency practice at Popescu & Asociatii provides standout experience in creditors’ rights protection, expertly handling bankruptcy, liquidation, reorganisation, and the asset recovery and enforcement actions resulting from these. The team has particular expertise in maximising the amount of receivables applicable, often handling high-value claims. Leading the department is a multidisciplinary group of professionals – dispute resolution specialists Octavian Popescu and Gheorghe Buta, commercial law expert Dana Bivol, and Nicoleta Țăndăreanu, who is experienced in litigation and arbitration. Ștefan-Cătălin Băiculescu offers key assistance.
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Testimonials

Collated independently by Legal 500 research team.

  • Dr. Nicoleta Țăndăreanu has extensive insolvency experience from her time as a judge and now in practice. I have known her professionally for years. Her understanding of insolvency law is deep, both theoretical and practical. Dana Bivol works on restructuring and insolvency matters as well. When she appeared before me in such cases, her argumentation was clear and well-supported. She understands the commercial aspects of restructuring, not just the legal procedures. Prof. Dr. Gheorghe Buta also works on insolvency matters. His long experience in civil and commercial law translates well to this field. Valentin Cocean showed a good command of insolvency procedure when he appeared before me in court. Also, the younger lawyers are well-trained in this complex area.
  • The restructuring and insolvency practice combines legal expertise with practical business understanding. This team recognizes that insolvency is not merely a legal process but a business challenge requiring creative solutions. Their strength lies in their ability to navigate formal insolvency procedures while pursuing commercial restructuring possibilities. Compared to competitors, they demonstrate greater creativity in restructuring solutions and a stronger commitment to preserving business value. Their cross-practice collaboration ensures comprehensive advice addressing creditor rights, employment issues, and operational continuity. They understand stakeholder dynamics and manage competing interests effectively.
  • Restructuring and insolvency is an area where I have extensive experience from my time on the bench. I judged many insolvency cases and I saw different approaches from different law firms. Popescu & Asociatii has built a strong practice in this field. What makes them effective is the combination of insolvency specialists with broader corporate and litigation capabilities. Insolvency cases involve multiple legal issues: corporate law, banking law, labor law, real estate, and litigation with creditors. The firm can address all these dimensions. Dr. Nicoleta Țăndăreanu, as a former judge, brings a valuable judicial perspective to insolvency practice. She knows how insolvency proceedings work, what courts expect, and how to navigate the process efficiently. The team represents both creditors and debtors, which gives them a comprehensive understanding of different interests in insolvency proceedings. This experience is valuable for clients.
  • Restructuring work requires balance and control. You manage creditors, deadlines, financial pressure, and operational concerns. This team understands the environment and keeps everything organized. They know how to evaluate the risks, how to prepare a realistic plan, and how to communicate with each creditor. They stay calm and precise even when the situation becomes tense. They coordinate with tax, corporate, and disputes teams to make sure every step fits the legal requirements. This is important because insolvency has many stages, and mistakes cost time and money. Their guidance is practical. They focus on what helps the business survive and move forward, not on theoretical discussions.
  • Nicoleta Tandareanu and Dana Bivol work with accuracy, steady judgment, and attention to detail. They manage sensitive matters with care and remain focused on outcomes that protect the business.
  • Nicoleta Tandareanu handles restructuring with confidence. She prepares the plan clearly and guides the communication with stakeholders in a disciplined way. She has a strong understanding of both debtor and creditor strategies. Dana Bivol provides support on regulatory and creditor issues. Her work is precise and organized. Together, they deliver consistent quality and steady leadership.
Practice head

Octavian Popescu; Dana Bivol; Gheorghe Buta; Nicoleta Țăndăreanu

Other key lawyers

Ștefan-Cătălin Băiculescu