Țuca Zbârcea & Asociații sets footprint in the Republic of Moldova, formalizing a strategic partnership with Țurcan & Țurcan law firm
Țuca Zbârcea & Asociații announced today that it signed a cooperation agreement with Țurcan & Țurcan – leader of the business law market in Chișinău (Republic of Moldova).
This is Țuca Zbârcea & Asociații’s second initiative of international alliance after having opened, in December 2009, a representative office in Madrid to match the increasingly global needs of Iberian investors. The representative office in Madrid acts in association with the local consultancy firm Fúster García-Berdoy.
Țuca Zbârcea & Asociații will cooperate with Țurcan & Țurcan law firm under a "best friend relationship”. The firms will be able to provide customized consultancy services to a significant segment of the business environment in the Republic of Moldova and Romania, benefiting both the investors with strong local presence and those interested in developing trade relations with the Republic of Moldova or Romania.
According to Țuca Zbârcea & Asociații’s representatives, the cooperation comes after more than five years in which the firm has evaluated and carefully analyzed the Moldovan market and the Moldovan available business opportunities: "We believe that the Republic of Moldova has a high potential for development and investment in various areas ranging from banking and finance to infrastructure, energy and telecommunications. Further to our association with Țurcan & Țurcan, our potential clients will benefit from the highest standard of legal services, while also being kept fully informed on the most important legislative aspects governing the local investment climate. More so, we want to encourage and consolidate much stronger relationships between Romania and the Republic of Moldova”, said Gabriel Zbârcea, Managing Partner at Țuca Zbârcea & Asociații.
According to Alexandru Țurcan, Managing Partner of Țurcan & Țurcan: “Our alliance is a natural development, in line with the ascending trend in foreign investments via and from Romania to the Republic of Moldova. It also reflects the excellent professional and close friendship ties that we have developed not only between our firms, but also between the co-founding partners – all of them having been tested in various challenges for more than a decade now. For me and my colleagues, the success, performance and talent of Țuca Zbârcea & Asociații legal team are a role model and a source of professional inspiration. We have big hopes for this cooperation and we are convinced that the outcome will be recognized and appreciated really soon by the business community on both sides of the Prut river.”
The active presence of Țurcan & Țurcan in the economic arena of the CIS region, acting in various alliances with the leaders of the law market in most of the post-Soviet States, is an opportunity for Țuca Zbârcea & Asociații to step into a new area of development and assist the Romanian businessmen that have an interest in expanding their businesses to Russia, Ukraine, Kazakhstan, Georgia and other economic areas that present a higher risk, but also a maximized business potential.
"The business market in the Republic of Moldova grows ever more mature. This trend is also revealed by the enhanced complexity in the transactions that took place over the past years. We are happy to begin a formal cooperation with Țuca Zbârcea & Asociații, and we are confident that our clients will enjoy the advantages of our cooperation on the projects they entrust us” added Octavian Cazac, Partner of Țurcan & Țurcan.
By the cooperation agreement concluded with Țurcan & Țurcan, the Bucharest-based Țuca Zbârcea & Asociații is expanding its range of services to the Republic of Moldova, thus offering the same standard of quality services to its regular clients, as well as to potential clients interested in investing on this market.
“We wanted to cooperate with a local legal team that has earned its reputation, which is known and appreciated in the CIS region, but nevertheless young, dynamic, innovative and willing to take on new challenges. We have found all those attributes in the excellent professional abilities that the team of lawyers led by our friend Alexandru Țurcan proved to have. The reputation, the fact that they are the leaders of business law market in the Republic of Moldova, along with the many recognitions and distinctions earned both on an international and on a regional level can only confirm the excellent quality of the legal services they provide, and at the same time enhance our wish to cooperate with them on complex projects in the near future”, declared Florentin Țuca, Managing Partner at Țuca Zbârcea & Asociații.
Țuca Zbârcea & Asociații and Țurcan & Țurcan representatives made public their decision to actively support the business community from both countries by organizing a series of business events and facilitating different networking opportunities. The first event of this series will take place in the fall of 2010.