Țuca Zbârcea & Asociații has promoted several lawyers to Managing Associate and Senior Associate roles as part of the annual performance review process. The appointments are effective as of January 1st, 2019. Most of the promotions were to a Managing Associate role – an elite group of the firm’s most senior lawyers standing significant promotion prospects to Partnership. Created in January 2008, this structure was devised, on the one hand, as a bridge between the team of partners and the rest of the firm, and, on the other hand, this team is, for the lawyers, a “waiting room” to partnership.

On 30 October 2018, the Bucharest Court of Appeal handed down a first-instance judgment to stay the execution of Order No. 1960/06.08.2018 issued by the National Agency for Fiscal Administration (ANAF). According to such Order, as of 10 November 2018 the market players trading wholesale energy products (i.e., oil, diesel oil, kerosene, liquefied petroleum gas and biofuel) are now bound to hold storage areas. The legal team of Țuca Zbârcea & Asociații represented a leading natural gas/oil company trading wholesale energy products.

According to a press release issued by MedLife, the Company’s Board of Directors signed a syndicated credit facility with Banca Comercială Română, Raiffeisen Bank, BRD Groupe Societe Generale and Banca Transilvania for refinancing its existing facilities, extending the maturity of the loans, rearranging the related terms and conditions and raising new funds up to a total amount of EUR 66 million. Țuca Zbârcea & Asociații advised the syndicate of banks on the deal, with Banking partner Mihai Dudoiu at the helm of a team that also included managing associate Cătălin Georgescu and senior associate Sergiu Negreanu.

Țuca Zbârcea & Asociații reconfirms its top-notch position in the financial and corporate market, according to the latest rankings of IFLR 1000. The firm achieved tier one rankings in all four areas of practice undergoing research this year: Banking and finance, Capital Markets, Mergers & Acquisitions, and Project Development. Moreover, 13 lawyers at the firm were praised for their professional activity.

On November 15th, at the Intercontinental Hotel, Fortuna Hall, will be held the conference “GDPR - Hard to Put in Practice?”. The event is hosted by Țuca Zbârcea & Asociații and will have an interactive character, sprinkled with actual examples. The conference is mainly addressed to legal counsellors and data protection officers, human resources managers, marketing directors, and internal audit and information technology specialists.