Romania Litigation & Dispute Resolution 2017
Alternative dispute resolution, in the form of arbitration and mediation, has gained popularity in Romania in recent years. Arbitration is more frequently used when one of the parties is of foreign nationality and/or when one or both parties are acting in a professional capacity. Mediation has been intensely lobbied but still has not gained usage in a significant share of disputes.
Contributors - Cosmin Vasile, managing partner, Phd, Alina Tugearu, partner, International Comparative Legal Guides
It’s a first for Romania to Have A Regional Representative in YCC Arbitrators Forum
Bucharest,11.04.2017 - The International Chamber of Commerce (ICC) Young Arbitrators Forum (YAF) has announced through a press release on April 6, 2017, the new regional representatives for its 2017-2019 mandate.
Zamfirescu Racoti & Partners’ arbitration practice Again Recognized in GAR 100
Bucharest, April 03, 2017 - The Global Arbitration Review, a leading authority in the international arbitration arena, has again listed Zamfirescu Racoți & Partners (ZRP) among the 100 law firms in the world specialized in international arbitration in the recently released 10th edition of the GAR 100.
The GAR 100 analysis mentions the total value of the projects managed by the team, amounting to an impressive 1.2 billion dollars which account for ten arbitrations in the last year’s portfolio.
Law & Practice – Litigation 2017, Chambers&Partners
Domestic awards can be enforced in the same manner as court decisions because, according to the Romanian Civil Procedure Code, domestic awards are also enforcement titles. The award must firstly be formulated so as to be enforceable. Subsequently, the award can be enforced with the assistance of an enforcement officer and under the court’s supervision, following the request of the creditor, if the debtor does not willingly comply with the directions of the court.
By Cosmin Vasile, managing partner ZRP
Alina Tugearu, partner, ZRP
Nine Zamfirescu Racoți & Partners Attorneys at Law Have Taken A Step Forward in Their Careers
Bucharest, March 08, 2017 - Nine of Zamfirescu Racoți & Partners’ (ZRP) lawyers have been promoted. The promotions are the result of their work and professional track-record and have been decided based on the assessments carried out early this year.
Thus, Larisa Popoviciu and Iuliana Negoita , from the Advisory Department, and Cosmin Cojocaru and Ovidiu Serban from the Litigation Department have become Managing Associates.
Fresh success for SAPE in international arbitration award relating to the privatisation of Electrica Moldova
Bucharest, 20.02.2017 - Zamfirescu Racoți & Partners attorneys-at-law, with the help of financial experts TPA Romania, have obtained a new final arbitration award from the International Chamber of Commerce (ICC) Paris partially accepting the counterclaim made by the management company for state-owned stakes in energy companies Societatea de Administrare a Participațiilor în Energie (SAPE) against E.ON România S.R.L. (E.ON). As a result of the ruling, E.ON is obliged to pay the amount of RON 4,070,948 plus interest to SAPE by way of compensation for infringing the minority shareholder’s rights in
Largest international arbitration award ever obtained involving a Romanian party
Bucharest. 14.02.2017 - Zamfirescu Racoți & Partners (ZRP), in their capacity as attorneys at law, and TPA Romania, in their capacity as financial experts, both selected through a procurements procedure to represent the management company for state-owned stakes in energy companies known as Societatea de Administrare a Participațiilor în Energie (SAPE), have obtained a final arbitration decision from the International Chamber of Commerce Paris (ICC Paris) partially accepting the case brought by SAPE against Enel
Zamfirescu Racoti & Partners Has Assisted Complexul Energetic Hunedoara in Merger with Societatea Nationala a Huilei Petrosani
Bucharest, July 10, 2013: Complexul Energetic Hunedoara, a company fully owned by the Romanian State, activating in the electric energy field, has absorbed Societatea Nationala a Huilei Petrosani, a state company activating in the mining field. The formalities of registration with the Trade Registry Office of the merger operation were completed on July 8, 2013.
Zamfirescu Racoti & Partners Wins Back Realitatea Media Brands for Win Win Business & Lobby Company Limited
Bucharest, May 21, 2013: Zamfirescu Racoti & Partners (ZRP) has won back the right of ownership of Realitatea Media brands for client Win Win Business & Lobby Company Limited.
Zamfirescu Racoti & Partners Appoints a New Partner and Promotes Other Four Associates
Bucharest, April 18, 2013 – Zamfirescu Racoti & Partners (ZRP) announces a series of promotions as partners and senior associates. Antoniu Obancia, managing associate has been promoted to partner in the Litigation Department, joining the team of ZRP partners formed of Calin-Andrei Zamfirescu, Ioana Racoti and Stan Tirnoveanu – founding partners, Cosmin Vasile – managing partner and Anca Danilescu, senior partner.
Zamfirescu Racoţi Predoiu Announces Name Change and Designates a New Managing Partner
Bucharest, April 08, 2013: As of April 8, 2013, the name of law firm Zamfirescu Racoti Predoiu becomes Zamfirescu Racoti & Partners (ZRP).
Zamfirescu Racoti Predoiu requests the Court of Justice of the European Union to deliver a preliminary decision regarding the modality of interpretation and application of Council Directive 2006 / 112 / CE referring to the commune VAT system
Bucharest, December 5, 2012: The fiscal dispute team of Zamfirescu Racoti Predoiu Attorneys at Law (ZRP) filed a claim with the Court of Justice of the European Union (CJUE) for the delivery of a preliminary decision in relation to the interpretation of the internal legal provisions regarding the payment of the value-added tax (VAT) by the natural persons assimilated to taxable persons. This action was taken for the resolution of a case pending before Alba Iulia Court of Appeal.
The request has in view the clarification of the following aspects:
Zamfirescu Racoti Predoiu, on the side of Transport Trade Services in the transaction with IFC
Bucharest, July 11, 2012: Zamfirescu Racoti Predoiu Attorneys at Law (ZRP) assisted Transport Trade Services (TTS) in the procedure of negotiation and signing of the private equity investment agreement with International Finance Corporation (IFC), member of the World Bank Group. IFC investment, made by the increase by 10% of the share capital of TTS, is for the improvement and expansion of the transportation and logistics services of the group in Romania, especially of the operations performed along the Danube basin.
Zamfirescu Racoti Predoiu wins in court the dispute for the Association led by SAFEGE S.A. against Compania Apa Brasov S.A.
Bucharest, May 16, 2012: Zamfirescu Racoti Predoiu Attorneys at Law (ZRP) obtained a favorable irrevocable solution in the dispute in which it represented the Association Safege S.A., AECOM Ingenieria S.R.L. and Artelia Romania S.R.L., after only two months from the date of initiation of the contestation procedure. On January 26, 2012, Compania Apa Bra?ov S.A., in capacity as Contracting Authority, communicated the Association the rejection of the offer submitted thereby in the public procurement procedure organized for the awarding of the agreement “Technical Assistance for Project Management – Rehabilitation
Zamfirescu Racoti Predoiu continues to rank first in the Chambers Europe top in the areas of practice Dispute Resolution and Insolvency / Restructuring
Bucharest, May 11, 2012 – Zamfirescu Racoti Predoiu Attorneys at Law (ZRP) ranked first in two of the areas of practice researched in Romania by the international legal directory Chambers and Partners, Chambers Europe 2012 edition. Zamfirescu Racoti Predoiu maintains its leader position in the areas of Dispute Resolution and Insolvency/ Restructuring on the local legal market, classifications being made based on criteria such as expertise and quality of the legal assistance in these areas of practice, professional conduct, commercial perspicacity, diligence, engagement, modality of management of the projects and the
Zamfirescu Racoti Predoiu opens its first territorial office in Cluj
Bucharest, May 10, 2012 – Zamfirescu Racoti Predoiu Attorneys at Law (ZRP) extends its activity by establishing a secondary office in Cluj, a decision that is part of the territorial development strategy of the law firm. The project of extension of the law firm’s operations in Cluj area was initiated a few months ago, and presently all administrative actions for the functioning of the local office are completed.
Zamfirescu Racoti Predoiu
Bucharest, March 15, 2012 – In 2011, Zamfirescu Racoti Predoiu Attorneys at Law (ZRP) had a turnover of RON 19,184,235 (the equivalent of EUR 4,5 million, calculated at the average rate of exchange communicated by the National Bank of Romania for 2011), increasing by 35% as compared to the financial results from the previous fiscal year. The efficient management of resources, concretized in the maintaining of the expenses under the level of increase of the incomes, as effect of the continuous effort to optimize the firm’s efficiency, supported the significant advance of the law firm’s profit.
Zamfirescu Racoti Predoiu wins two disputes in the favor of The National Bank of Romania
Bucharest, February 28, 2012: In the context in which the activity of the courts of law is extremely loaded by the large number of trials in which the commercial banks and other non-banking financial institutions are parties, the disputes regarding the activity of The National Bank of Romania, of authorization and prudential supervision of the credit institutions, are extremely rare. Zamfirescu Raco?i Predoiu Attorneys at Law successfully represented its client, The National Bank of Romania in two such disputes, solved favorably, irrevocably, by The High Court of Cassation and Justice, fiscal and administrative
Bucharest, 16 February 2012 – The turnover increase was generated by the extension of the client portfolio and the increase of the number of tax advisory projects, especially in the industrial, real estate, construction and service area.
Zamfirescu Racoti Predoiu establishes ZRP Insolvency SPRL
Bucharest, December 5, 2011 – Zamfirescu Racoti Predoiu Attorneys at Law (ZRP) extend their insolvency practice by establishment of ZRP Insolvency SPRL. The new company will manage the insolvency projects with focus on reorganization and liquidation procedures. The establishment of ZRP Insolvency SPRL is part of the development strategy of the law firm and completes, together with ZRP Tax, the portfolio of integrated services rendered to the clients.
Zamfirescu Racoti Predoiu Thrice Awarded at Top Lawyers Gala 2011
Disputes and Arbitration”, “Insolvency” and “Banking & Finance” are the areas in which our law firm achieved its best results
Bucharest, June 30, 2011: Wednesday evening, June 29, Zamfirescu Racoti Predoiu (ZRP) was ”Top Lawyers” Gala 2011 prizewinner for categories:
”Disputes and Arbitration”, for the successful completion of procedures of recognition and enforcement of foreign arbitral awards, as a result of which USD 20 millions were recovered.
Zamfirescu Racoti Predoiu Obtains A First-Time Award in Capital Market
Bucharest, November 25, 2011: Zamfirescu Racoti Predoiu Attorneys at Law (ZRP) has obtained an irrevocable solution in the trial in which it represented Grupul Industrial Voiculescu & Co (GRIVCO) against the shareholders who, by concerted action, exceeded the ceiling of 33% of the capital held in issuer Lacta Giurgiu, and which did not comply with the legal provisions for the launching of the mandatory purchase public offer, addressed to securities holders.
Zamfirescu Racoti Predoiu Changes Management Structure for Two Practice Areas
Bucharest, October 31 2011 - Zamfirescu Racoti Predoiu Attorneys at Law (ZRP) changes the management of departments Employment and Real Estate, starting from November 1, 2011, the management of these areas of practice being transferred to Anca Danilescu, ZRP Partner.
Lucian Danilescu, the former coordinator of these two departments, will dedicate to personal projects, a decision made and sustained by ZRP Partners.
The New Civil Code
Bucharest, October 18, 2011 – Zamfirescu Racoti Predoiu (ZRP), together with Saptamâna Financiara and Fin.ro Magazin, organized yesterday, October 17, 2011, the conference:
“How Will the New Civil Code Change Business Rules?”
ZRP organizes the conference
Bucharest, October 3rd, 2011 – Zamfirescu Racoti Predoiu (ZRP), in partnership with Saptamâna Financiara and Fin.ro Magazin, organize, Monday, October 17th, at Radisson Blu Hotel, (Atlas 1 Hall), 9.00 a.m., the conference:
“How will the New Civil Code Change the Business Rules?”
Zamfirescu Racoti Predoiu Won in the Withdrawal of Two Minority Shareholders from Arta Culinara S.A. Cluj, a Company whose Shares Were Traded on RASDAQ
The court’s decision is a precedent, as it confirms that RASDAQ is not a regulated market
Zamfirescu Racoti Predoiu
Bucharest, October 06, 2010 - The number of tax disputes handled by Zamfirescu Racoti Predoiu (ZRP) during the first 9 months of 2010 has doubled as compared to the same period of the previous year, while the value of amounts under litigation exceeded EUR 100 million, according to the statement of the company’s
Zamfirescu Racoti Predoiu Launches Tax Advisory Firm
Zamfirescu Racoti Predoiu completes its expertise area by introducing tax consultancy services, thus offering clients integrated services packages – legal and tax services
Bucharest, February 3rd, 2010 – The tax consultancy practice Zamfirescu Racoti Predoiu Tax SRL (ZRP Tax) started its operations at the beginning of 2010. The newly established entity represents the first special business line of the law firm and follows the business development strategy of the law firm, supplementing the portfolio of services granted to ZRP clients.