Țuca Zbârcea & Asociații

Țuca Zbârcea & Asociații advises on financing Romania’s largest battery energy storage facility

Nova Power & Gas, part of the E-INFRA Group, announced the commissioning and start of commercial operations of the largest battery energy storage system (BESS) in Romania. Located in Florești, Cluj County, it has an installed power of 200 MW and a storage capacity of 400 MWh.

Țuca Zbârcea & Asociații advises Omnia Capital B.V. on complex transactions within the energy market

Omnia Capital B.V. and Premier Energy agreed on a series of transactions on the energy market in Romania and in the region, consisting of simultaneous and reciprocal sales of stakes in multiple project companies where both entities served as joint partners.

Romanian rugby national team "Stejarii - The Oaks" qualifies directly for the 2023 Rugby World Cup

The Romanian Rugby National Team has qualified for the Rugby World Cup to take place in France in 2023, following a decision of an independent panel appointed by World Rugby, the sport's governing body.

CJEU Ruling on the Concept of Fixed Establishment for VAT Purposes

The Court of Justice of the European Union (CJEU) released its judgement in Case C-333/20 Berlin Chemie on 7 April 2022. This extremely important ruling might mark the turning point in the controversial VAT fixed establishment topic.

Țuca Zbârcea & Asociații advises Partners for Growth VI, L.P. on a complex financing

A team of banking and finance lawyers from Tuca Zbarcea & Asociatii advised Partners for Growth VI, L.P. on Romanian law aspects related to the accession of the Romanian subsidiary (Splend Technology S.R.L.) of the Splend group to an Australian law governed loan note subscription agreement.

Țuca Zbârcea & Asociații acts for a club of local banks on a RON 431 mln. syndicated credit facility

Romanian law firm Tuca Zbarcea & Asociatii advised a club of local banks (led by OTP Bank Romania S.A. as arranger, facility agent and security agent) in relation to a RON 431 million syndicated facility agreement for the financing of Aaylex One group.

Romania: Humanitarian and Assistance Measures in the context of the Ukraine's Military Conflict

Recent considerations on the humanitarian and assistance measures adopted by Romania in the context of the military conflict on the territory of Ukraine.

Enactment of AML/CFT secondary legislation applicable to the Romanian gambling industry

Order No. 370/2021 of the President of the National Office for Gambling (“Order No. 370/2021”) approving the Instructions on preventing and combating money laundering and terrorist financing in the field of gambling in Romania (“AML Instructions”) has entered into force on 7 January 2022.

Tuca Zbarcea & Asociatii advises on a EUR 35 million acquisition of RECORD PARK in Cluj city

Real estate developer Speedwell together with Belgium based Baltisse and AYA Properties Fund have concluded the transaction for the sale of RECORD PARK Offices.

Tuca Zbarcea & Asociatii completes high-profile deal in the retail sector

Țuca Zbârcea & Asociații advised Revetas Capital in relation to the disposal of Vitantis Shopping Center to Praktiker Real Estate Romania. The firm's real estate lawyers led by Partners Oana Ureche and Răzvan Gheorghiu-Testa advised the seller.

Tuca Zbârcea & Asociatii Appoints Six New Partners in Latest Round of Promotions

Țuca Zbârcea & Asociații is strengthening its partnership with the appointment of six Partners, while five other lawyers were promoted to key roles such as of Managing Associate and Senior Associate.

Tuca Zbarcea & Asociatii helps BMC Truck&Bus deliver 151 electric buses for 11 municipalities

Țuca Zbârcea & Asociații advised BMC Truck&Bus in relation to €60 million tender procedures regarding the supply of 151 electric buses for public transport in 11 municipalities.

Tuca Zbarcea & Asociatii, successful in annulling a tax assessment notice for a transport operator

Tuca Zbarcea & Asociatii has obtained the annulment of a Tax Assessment Notice issued by the National Agency for Fiscal Administration (ANAF) regarding the reclassification of daily allowances as salary income.

Tuca Zbarcea & Asociatii wins an international arbitration worth EUR 6.5 million

Tuca Zbarcea & Asociatii successfully represented one of the leading European construction groups in an arbitration case under the Rules of Arbitration of the International Chamber of Commerce (ICC).

Leading Romanian law firm Tuca Zbârcea & Asociatii advises on record industrial investment deal

Zacaria Industrial sold around 112,000 sqm of industrial space representing parks in four cities to CTP. The seller benefited from the support of an experienced team of lawyers from Tuca Zbârcea & Asociatii, led by Real Estate and M&A Partners Răzvan Gheorghiu-Testa and Dragoș Apostol.

Tuca Zbarcea & Asociatii advises Electrica on buying 207 MW wind and solar projects from Monsson

Electrica has announced it bought shares in three project companies that are developing a portfolio totalling 207MW of renewable energy. The Romanian company relied on Țuca Zbârcea & Asociații for legal advice on the deal.

Tuca Zbarcea & Asociatii launches the 2021 edition of “Better Business in Romania”

Tuca Zbarcea & Asociatii has launched the 2021 edition of the “Better Business in Romania”, a user-friendly legislative guide covering 17 areas of law.

Țuca Zbârcea & Asociații advises BRF on the sale of Banvit Foods Romania to Aaylex Group

The Brazil-based BRF, one of the largest food companies in the world (also a listed company on the NY stock exchange and B3 stock exchange), concluded the sale of Banvit Foods Romania to Aaylex System Group S.A., further to a EUR 20.3 million transaction.

Țuca Zbârcea & Asociații advises on Coca-Cola HBC Romania-HEINEKEN Romania deal

Coca-Cola HBC Romania became a shareholder in the e-commerce platform Stockday developed by HEINEKEN Romania by buying half of the company’s share capital. The transaction was recently approved by the European Commission.

Discrimination issues in the context of the national vaccination campaign for SARS-CoV-2

Certain measures during the pandemic can qualify as discrimination and can successfully be challenged before the competent fora. This legal insight briefly analyses the legal condition of a discriminatory act and the procedural remedies available to the person who falls victim to discrimination.

Țuca Zbârcea & Asociații advises on the sale of the iconic Ramada Majestic Hotel

Țuca Zbârcea & Asociații acted on one of Romania's most important deals in the HORECA industry since the beginning of the year. The firm’s Real Estate team advised the owner of Ramada Majestic, an iconic hotel located on Calea Victoriei, Bucharest's oldest and probably most charming street.

Another victory for Tuca Zbarcea & Asociatii's arbitration team in a EUR 6 million dispute

The arbitration team of Țuca Zbârcea & Asociații has won an arbitral dispute in connection with a public works project worth EUR 6 million.

Țuca Zbârcea & Asociații wins an arbitral dispute worth EUR 5.5 million

An irrevocable ruling handed down by the supreme court in a EUR 5.5 million arbitration ends a nine-year-long dispute whereas Țuca Zbârcea & Asociații represented a private company with a team coordinated by Cornel Popa and Ioana Gelepu, Partners in the Litigation and Arbitration practice group.

Țuca Zbârcea & Asociații acts on AmerisourceBergen Corporation acquisition of Alliance Healthcare

Țuca Zbârcea & Asociații law firm advised giant AmerisourceBergen Corporation on the local loop of its USD 6.47 billion acquisition of Alliance Healthcare distribution business from Walgreens Boots Alliance (WBA)

Țuca Zbârcea & Asociații advises ENGIE Romania on purchasing a photovoltaic park

ENGIE Romania has completed the acquisition of a photovoltaic park, consisting of two farms, with a total installed capacity of 9.3 MW. The Romanian arm of French electric utility company Engie retained Țuca Zbârcea & Asociații for legal assistance in relation to this transaction.

Tuca Zbarcea & Asociatii: Final ruling from Romania's Supreme Court in a EUR 1.9 million dispute

Țuca Zbârcea & Asociații obtained from the High Court of Cassation and Justice a final ruling on the admission of the administrative claim filed by a company member of a well-known IT group, seeking the invalidation of the administrative fiscal deed assessing a debt of approximately EUR 1.9 million.

Tuca Zbârcea & Asociatii acted for Comarket, a B2B marketplace for the Romanian hospitality industry

Lawyers from Țuca Zbârcea & Asociații helped launch Comarket, a B2B marketplace for the Romanian hospitality industry that had already benefitted from a pre-seed investment of EUR 100,000 followed by an EUR 250,000 strategic investment of Infinite IT Solutions.

Țuca Zbârcea & Asociații acted for Clever Business Transilvania on acquiring Prima TV

Clever Business Transilvania, an important independent media group in the Romanian market, owner of a number of TV stations (Look TV, Look Plus, Look Medica, Agro TV, Profit.ro), has recently announced it had completed the takeover of Prima TV, one of the most important TV stations in Romania.

Țuca Zbârcea & Asociații acts on a EUR 20 million deal regarding the sale of 25% in Vestmoldtransgaz

Țuca Zbârcea & Asociații advised Eurotransgaz, a subsidiary of SNTGN Transgaz and owner of Vestmoldtransgaz, with a team of lawyers led by Partner Sorin Vlădescu and Managing Associate Nisa Jecu.

Final ruling from Romania's supreme court regarding the former HQ of the Bucharest Municipality

Țuca Zbârcea & Asociații has successfully persuaded the High Court of Cassation and Justice to reject Bucharest Municipality's legal action filed against the owner of the building which served as headquarters for the Bucharest Municipality.