Țuca Zbârcea & Asociații, 7 awards for outstanding performance in 2009
Ziarul Financiar and FinMedia recognised Țuca Zbârcea & Asociații’s outstanding achievements in handling complex projects in various specialties and in successfully posting the largest turnover in the legal services market in 2009.
Țuca Zbârcea & Asociații has won three out of the 15 awards presented during the Lawyers’ Gala event organized by Ziarul Financiar on the 16th of June. The firm was singled out for the work handled in 2009 in areas such as Litigation and Arbitration, as well as Energy. Also the firm was awarded for having posted the highest revenues in 2009, based on the rankings compiled by Ziarul Financiar.
During another recent event, the Top Lawyers Gala, organized by Finmedia on the 14th of June, Țuca Zbârcea & Asociații has received the largest number of distinctions based on the projects in which the firm was involved in 2009 in areas such as Litigation and Arbitration, Energy and Natural Resources, Mergers and Acquisitions and Finance & Banking. More so, Nistorescu, Șomlea & Asociații, which operates in association with Țuca Zbârcea & Asociații, with offices in Cluj-Napoca, has received two special recognitions for the work handled in Litigation and Arbitration and Real Estate.
In the area of Litigation and Arbitration, the firm has received two awards for winning the most important litigation and arbitration case in 2009, based on the successful representation of Romania in the EDF Services Ltd. v. Romania international arbitration case with compensations being claimed in excess of USD 132,000,000 and initiated before the International Centre for Settlement of Investment Disputes (ICSID) in Washington D.C.
The transaction for the acquisition by CEZ of the minority shareholding held by Fondul Proprietatea and Electrica in CEZ Distribuție and CEZ Vânzare also secured two awards granted by FinMedia and Ziarul Financiar for the largest Merger & Acquisition transaction of the year 2009 worth EUR 375,000,000, respectively the most important project in the Energy sector in 2009.
Another award in the Energy field was presented by FinMedia in recognition of the firm’s involvement in the drafting of successive amendments to the Law No. 220/2008 for establishing the promotion system for producing energy from renewable energy sources.
The successful completion of the merger through absorption between BCR Fond de Pensii and Omniforte, OTP Pensii and Prima Pensie was recognized by FinMedia as one of the most important projects in the area of Finance and Banking.
Lastly, Țuca Zbârcea & Asociații was awarded for having posted the highest revenues in 2009, based on the rankings compiled by Ziarul Financiar.