By the award issued on 9 November 2018 the arbitral tribunal fully rejected Alpiq’s claims of over USD 450 million against the Romanian State
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By the award issued on 9 November 2018 the arbitral tribunal fully rejected Alpiq’s claims of over USD 450 million against the Romanian State
Bucharest, 08 November 2018: Law firm Zamfirescu Racoti & Partners (ZRP) expands its management team with two new partners. The appointments, together with other recent senior lawyers’ promotions, emphasize once again the solid talent development strategies of the firm on all seniority levels. Monica Strimbei is the new partner of the Dispute Resolution department and will manage the litigation mandates in the area of capital markets, administrative-contentious and energy & natural resources. Catalin Micu has been appointed partner of the Consultancy department. In his new
Bucharest, September 7, 2018: Attorney at Law Dănuț – Ioan Bugnariu returns to Zamfirescu Racoți & Partners (ZRP) after 15 years and becomes, as of this month, a partner of the law firm and the coordinator of the business crime department.
BoD Decisions on Share Capital Increase May Be Challenged by Claim for Annulment in Court
Bucharest, April 12, 2018: Law firm Zamfirescu Racoți & Partners (ZRP) will host on Tuesday, the 24th of April 2018, the conference “Children’s Exposure to Disputes Between Parents”. The event is organized with the support of the National Authority for Child Rights Protection and Adoption, Estuar Foundation and Salvați Copiii – Save the Children Romania, and will take place at Athénée Palace Hilton, Regina Maria Conference Room, starting 9:00 a.m.
Bucharest, 12 March 2018 - Zamfirescu Racoți & Partners is pleased to announce that the firm again leads with Band 1 recognition in Dispute Resolution in the 2018 edition of Chambers Europe.
In the guide clients and peers are impressed by the team’s “attention to detail” and “focus on the key strategic aspects”. Sources also laud “the quality and effectiveness of the service” and note that the lawyers “have a deep understanding of the business”.
Bucharest, March 6, 2018 – Zamfirescu Racoți & Partners (ZRP) Attorneys at Law announces new internal promotions in the Litigation practice group effective February 1, 2018. These promotions underline the firm’s ongoing investment in talent management and development and reflect its commitment to provide each individual with personalized trainings and tailored career guidance.
Bucharest, February 9th, 2018 - Associate Professor Mirela Gorunescu, Ph.D., is the new coordinator of the Business Crime practice of Zamfirescu Racoți & Partners Attorneys at Law. After more than 20 years of teaching in higher education and consistent case law and practice as a lawyer, Mirela Gorunescu has joined the team of attorneys earlier this year.
Bucharest, February 5th 2018 - Zamfirescu Racoți & Partners Attorneys at Law (ZRP) recently obtained a substantial verdict in favour of the National Agency for Mineral Resources (Agenția Națională de Resurse Minerale - ANRM) against Chevron. The arbitration award rendered under the Rules of the International Chamber of Commerce (ICC) Paris established Chevron’s obligation to pay an amount of USD 73,450,000 plus interest (at the level of the reference rate of the National Bank of Romania plus 8% per annum from 23 October 2014 until the date of full payment) and legal costs.
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.
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 representatives.
The increase in the volume of tax disputes was generated by several factors, such as:
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.
The court’s decision is a precedent, as it confirms that RASDAQ is not a regulated market
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?”
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?”
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.
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.
ZRP Tax Advisors, the tax consulting practice affiliated to the law firm Zamfirescu Racoti Predoiu (ZRP) SCA, recorded in 2011 a turnover which is higher by 40% than the turnover of 2010. The increase was mainly generated by the enlargement of the client portfolio by 30%.
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, 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.
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.
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
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 –
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.
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:
Bucharest, April 08, 2013 - As of April 8, 2013, the name of law firm Zamfirescu Racoti Predoiu becomes Zamfirescu Racoti & Partners (ZRP).
The change has been made as a result of the agreement of the current partners of ZRP and Mr Catalin-Marian Predoiu, withdrawn from the law firm in 2008, given that he chose to conduct his professional activity at the individual law office bearing his name. The new name also reflects the will to further consolidate ZRP by co-opting new partners from its team of attorneys at law.
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.
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.
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.
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 Investment Holding B.V. and Enel S.p.A (Enel), who as a consequent are obliged to pay the amount of
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.
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
Bucharest, 07 December 2017: Local bankers, borrowers and lawyers were brought together at the first seminar on syndicated lending organized by law firm Zamfirescu Racoți & Partners recently, together with the Loan Market Association (LMA), the authoritative voice of the syndicated loan market in Europe, the Middle East and Africa (EMEA). The event offered unprecedented opportunity for key market players to interact with high-level speakers and discuss the developments of the local syndicated loan market.
Bucharest, May 09, 2017. -Zamfirescu Racoți & Partners announces the consolidation of its criminal law practice by deciding to establish a permanent professional collaboration with Valerian Cioclei, lawyer and professor at the Faculty of Law of the University of Bucharest, as Partner of counsel.
Starting from 2011, when it established its Criminal Law Department, Zamfirescu Racoți & Partners has bet on this area of practice that, through its accelerated growth, exceeded partners’ expectations, both in terms of clients and team, and has proven that the bet was a winning one.
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.
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.
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
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.
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.