Yesterday evening, CEZ Group and Continental Wind Partners LLC (CWP) concluded the sale of CWP’s adjacent Fantanele and Cogealac wind farms in Romania. The two projects will be the largest onshore wind farm in Europe with a total capacity of 600 megawatts, approximately double the size of the next largest fully permitted onshore wind farm in Europe, and triple the size of the largest current operational wind farm in Europe. Țuca Zbârcea & Asociații fielded a team of 10 lawyers led by Sorin Vlădescu, Partner. The team also included Irina Moinescu, Managing Associate and Mihaela Alexandrescu, Senior Associate.

Țuca Zbârcea & Asociații assisted the Greek real estate developer, Raptis Kavouras in the acquisition of more than a half of the French Village, following a EUR 68 million transaction. "It is one of the largest real estate transactions that took place in Bucharest since the beginning of this year, especially at a time when the echoes of the subprime crisis are still heard. As such, a deal worth EUR 68 million involving 1,6 hectares of plot of land is obviously a very interesting one”, said Dan Borbely, Partner with Țuca Zbârcea & Asociații and Co-head of the real estate practice group.

Țuca Zbârcea & Asociații triumphed at the Top Lawyers of Romania Gala, being recognised as Romania's top law firm in six areas of practice. The awards were announced at FinMedia's Gala held yesterday in Bucharest, marking the publication of the second edition of the Top Lawyer of Romania report. FinMedia honored the top law firms and lawyers in Romania in ten separate areas of practice with the prestigious awards for excellence. Țuca Zbârcea & Asociații received six out of ten prizes which is an indication of the firm's outstanding performance and leadership in major fields of law practice: Mergers & Acquisitions, Real Estate, International Arbitration, Capital Markets, Competition and Environmental Law.

Țuca Zbârcea & Asociații has advised the investment fund Deutsche Gesellschaft fur Immobilienfonds (DEGI), part of Aberdeen Property Investors Group from Scotland, on the closure of a hundred million Euros deal for the takeover of the Iris Shopping Center in Bucharest which also includes an Auchan hypermarket. Ziarul Financiar, Romania's leading financial and business newspaper reported today that the transaction value amounts to EUR 147 million.

Florentin Țuca, Managing Partner with Țuca Zbârcea & Asociații was honored with the Leadership Award, one of the 6 presented yesterday at the Target Gala. The award recognizes exemplary work performance in emerging leadership, dynamic leadership, teamwork, extraordinary initiative and overall excellence in the management of a successful business practice.