“You did really a great job. The organization, the structure and the speed was perfect.”

Source: Administrator of a major German transport company (2019)

“I congratulate you for your professionalism.”

Source: Managing Partner of a major Insolvency House (2019)

I was very impressed with you and your team

Source: Partner of a reputed UK based law firm

My thanks to everyone for a job most excellently done

Source: Partner of a reputed UK based law firm

I look forward to working with you all again very soon

Source: Partner of a reputed UK based law firm

“Impressive use of technology, and a solid international client base”

Source: Judges of The Lawyer European Awards 2018

“Well presented strategy”

Source: Judges of The Lawyer European Awards 2018

“They are all excellent lawyers”

Source: IFLR 1000 (2018)

“They provide quality and business friendly input”

Source: IFLR 1000 (2018)

“Their knowledge and services are excellent”

Source: IFLR 1000 (2018)

“They live up to the expectations”

Source: IFLR 1000 (2018)

“They have an excellent reputation in the healthcare field”

Source: IFLR 1000 (2018)

“Highly attuned to the complex local legislative framework”

Source: IFLR 1000 (2018)

“They are cost efficient and very professional”

Source: IFLR 1000 (2018)

“I could not be more pleased with the manner in which you have handled the matter”

Source: CFO of a specialized equipment supplier

“A trustful, reliable and very competent law firm”

Source: GC of a global automotive supplier

Law Firm of the Year: Romania
The Lawyer European Awards 2017

The Lawyer European Awards 2018

Source: European Law Firm of the Year – Highly Commended

“Good financial performance and growth, focus on the core market”

Source: Judges of The Lawyer European Awards 2017

Law Firm of the Year: Romania
The Lawyer European Awards 2017

Law Firm of the Year: Eastern Europe and the Balkans

Source: Law Firm of the Year: Eastern Europe and the Balkans

“Takes part in noteworthy CSR initiatives”

Source: Judges of The Lawyer European Awards 2017

Law Firm of the Year: Romania
The Lawyer European Awards 2017

“Recognised internationally for the great quality of its services”

Source: Judges of The Lawyer European Awards 2017

Law Firm of the Year: Romania
The Lawyer European Awards 2017

“A true Romanian success story”

Source: Judges of The Lawyer European Awards 2017

Law Firm of the Year: Romania
The Lawyer European Awards 2017

“I had made the same request from over 20 law firms in the past 15 years and your law firm made the most comprehensive and best analysis, in a timely fashion and very well written.”

Source: Partner of a U.S. based law firm

Law Firm of the Year: Romania
The Lawyer European Awards 2017

“Professionals of high standards.”

Source: Director of an important oil & gas company

Law Firm of the Year: Romania
The Lawyer European Awards 2017

“This team is pragmatic and dedicated, and successfully represents our interests.”

Source: Chambers and Partners

Law Firm of the Year: Romania
The Lawyer European Awards 2017

“A reliable team providing a high standard of work.”

Source: Chambers and Partners

Law Firm of the Year: Romania
The Lawyer European Awards 2017

“They are quick, thorough and pro-business, very determined, innovative and friendly.”

Source: IFLR 1000

Law Firm of the Year: Romania
The Lawyer European Awards 2017

“This is a go-to firm for M&A deals.”

Source: IFLR 1000

Law Firm of the Year: Romania
The Lawyer European Awards 2017

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Qualified advice and sound experience in Criminal Law matters

There are always new challenges on the market and in the business cycle of life of a company. Among these, white collar and corruption crimes may heavily impact the activity of any company, employee of the same, authority, institution or individual. The criminal investigations and court procedures are complex legal exercises which may rapidly change their course and pace and, thus, can generate different types of influences over the reputation, creditworthiness and operations of a corporate client and/or its employees. Sanctions applied to and fines levied against corporations by various national regulatory agencies are on the rise and enforcement activity is growing. More attention is drawn to crimes ranging from bribery, tax evasion, money laundering to sanctions, securities violations as well as fraud, thus intensifying cooperation and information-sharing between law enforcement and regulatory authorities around the world.

We provide sound compliance advice in order to ensure that all our clients are in line with all regulatory requirements. Furthermore, we have the operational expertise and experience to support the activity of our clients when it is influenced by the consequences of any white collar and corruption criminal investigation procedures commenced by or against them. In the complex field of white collar and corruption crimes, cross-practice strength is an essential piece of the elaborate strategy that eventually leads to our clients’ success, and our specialized team of lawyers possesses the multidisciplinary approach needed in order to optimally blend, through close cooperation between departments, criminal law extensive knowledge with sound tax, financial, commercial, civil, administrative, accounting and insolvency expertise. We have represented clients in key areas of regulatory focus, such as financial fraud, tax evasion, money laundering, insurance fraud, and banking related crimes, abuse of power and negligence in official positions, bribery, forgery, intellectual and industrial property criminal infringements, criminal breaches of confidentiality, etc. Our firm equally assists and provides representation with regard to European funds fraud and national securities regulations as well.

Highlights of the assignments which have been handled by our lawyers throughout their practice with regard to white collar and corruption crimes include advice and representation to:

  • Private individuals, national and international companies in connection with allegations of tax evasion and money laundering, in the context of investigations conducted by the National Anticorruption Department and the Directorate for Investigating Organized Crime (DIICOT); it is worth mentioning that the combined value of these files in terms of alleged tax evasion and money laundering exceed EUR 1,5 billion;
  • One of the largest oil and gas companies, regarding several issues related to the criminal nature of importing petroleum products, in order to avoid criminal charges of tax evasion and regarding possible offenses stipulated by the Customs Code of Romania;
  • Private individuals with regard to the allegations of tax evasion, money laundering and organized crime stemming from the criminal investigations launched against one of the largest worldwide soft producer;
  • Private individuals with regard to the allegations of tax evasion, money laundering and organized crime stemming from the criminal investigations launched against 69 custom and border police officers;
  • Private individuals with regard to the allegations of fraud, false, tax evasion, money laundering and organized crime in relation to European Union funds;
  • Assisting the Singapore Government with regard a Romanian diplomat for manslaughter, negligent bodily injury and leaving the scene of an accident in Singapore;
  • Romanian officials (government or parliament representatives, local elected officials etc.) about different allegations of corruption, in cases investigated by the National Anticorruption Directorate;
  • National companies in connection with investigations conducted by Fight Against Fraud Department, regarding the management of European Union funds;
  • Directors of multinational companies with regard to allegation of money laundering and tax evasion;
  • An international company with regard to intricate tax evasion, money laundering, international fraud, embezzlement and organized crime with regard to the acquisition of an industrial producer of heavy equipment;
  • Different subsidiaries of international banks, with regard to allegations of money laundering and also in connection with different criminal offenses committed by the employees against the bank;
  • National and international companies in connection with allegations of embezzlement committed by their employees;
  • A private Israeli individual with regard to an alleged large fraud, tax evasion and money laundering criminal investigation;
  • A reputed Romanian group of civil and public construction companies with regard to allegations of misappropriation of funds, tax evasion, money laundering and organized crime;
  • A major real estate developer, owner of hotels, offices and renting spaces in connection with cybercrime criminal offenses directed by outsider hackers.

Qualified advice in Aviation, Transportation & Shipping matters

The local, fast paced, consumer oriented business climate requires a high level of mobility for both people and commodities which in turn translates to a high demand for aviation, transportation and shipping as well as an intricate framework of national, European and international regulations. In this context, businesses that engage in aviation, transportation and shipping require quick and qualified legal advice to make sure that legal issues do not adversely interfere with the proper functioning of one’s business. Our seasoned team has been involved in a high number of complex transactions in this field, working for a wide variety of clients and in a wide variety of matters. Further, and perhaps even more importantly, we have a great deal of experience in providing day to day assistance on the many legal issued that arise in these fields. Thus, our lawyers have handled specific corporate and commercial matters, regulatory aspects, mandates related to cargo claims and damages, air, rail and road transportation insurance and reinsurance of cargo, carriage of goods, finance, tax and customs, employment, litigations, licensing, permits, financial and non-financial leasing.

Highlights of the assignments which have been handled by our lawyers throughout their practice include advice and representation to:

  • Several worldwide companies specialized in aviation support services, in connection with the lease of aircraft to commercial air carriers, including financing, regulatory and registration aspects, as well as in connection with repossession of aircraft;
  • A major European airline, in connection with the purported acquisition of the largest Romanian low cost carrier, as well as in connection with a wide range of day to day aspects related to the operation of said airline in Romania, including employment, regulatory, corporate and commercial matters, as well as in connection with aspects related to the protection of passenger rights;
  • The largest Romanian airline, in connection with several regulatory matters;
  • A local company specialized in luxury air travel, in connection with repossession of aircraft;
  • An Italian aircraft manufacturer, in connection with the privatization of a major Romanian aircraft plant;
  • A European logistic services provider, in connection with a complex transportation dispute against one of the leading Romanian freight transportation companies;
  • One of the largest French road transportation companies, in connection with a wide range of employment matters, as well as in connection with several regulatory aspects;
  • A world leading supplier of industrial, process and specialty gases, in connection with several aspects related to the transportation of dangerous compounds by road;
  • A major Romanian railroad transportation company, on regulatory, corporate, commercial, permitting and dispute resolution matters;
  • A reputed German railroad and road transportation company, in connection with a wide range of day to day matters, as well as in connection with the establishment of an inter-modal transport terminal and recovery of several major receivables held against Romanian business partners;
  • A Dutch maritime company, in connection with the full range of services required for the acquisition of a shipping yard that was undergoing insolvency in Romania, including on due diligence, permitting, agreements, competition, IP and insolvency matters;
  • A major European rail logistics company, in connection with the amicable settlement of a dispute pertaining to international rail carriage costs;
  • One of the largest European freight rail cars manufacturers, in connection with a wide array of aspects including manufacturing and supply agreements with key customers and suppliers, regulatory, permitting, IP and corporate matters.

Banking and finance expertise from one source

Nowadays, borrowers and lenders conduct business in a different and increasingly challenging environment. The acute need for financing, refinancing and associated capital raising combined with the fast changes in global financial markets place particular pressures on finding multiple sources of financing. Successful transactions in these sectors rely on innovation, speed of delivery, vision and pragmatism. The knowledge and expertise amassed by MPR Partners | Maravela, Popescu & Asociații lawyers in banking & finance is a direct response to client demands for delivering technical and commercial excellence. Moreover, we are ideally positioned to combine banking & finance with capital markets, corporate, commercial and civil contracts, regulatory, tax and litigation expertise so as to render unified and responsive advice.

As an integrated team, our lawyers provide high quality legal advice on a broad range of secured, unsecured, stand-by and revolving credit facilities, whether bilateral or syndicated. We are also focusing on acquisition and take-over financings, asset and property finance, banking litigation, banking regulation, derivatives and netting, export credit and trade finance, internet banking, securitization and receivables financing, private banking, project related finance, debt restructuring, public infrastructure finance, structured finance, tax-based finance.

Highlights of the assignments which have been handled by our lawyers throughout their practice include advice and representation to:

  • A major European bank in connection with a significant credit facility granted for a major public infrastructure project;
  • Several high profile investors in relation to project financing for the development of shopping malls, office buildings and residential areas;
  • An international commercial bank, with regard to a syndicated loan granted to a Romanian commercial bank;
  • One of the leading commercial banks, in connection with a syndicated credit facility for refinancing of a green energy project;
  • One of the largest European producers of rolling stock in relation to the restructuring of a syndicated credit facility;
  • A regional operator with regard to a significant credit facility granted by a financial institution for water and sewage urban rehabilitation;
  • Financing and related collateralization transactions in the mining, energy and natural gas sectors;
  • Enforcement of security over assets in relation to various financing facilities;
  • An international bank, with regard to the privatization of the largest Romanian commercial bank;
  • A leading Greek bank, with respect to the attempted acquisition of one of the leading Romanian banks;
  • A large international commercial bank, with regard to a five-year revolving credit facility made available to a Romanian subsidiary in the retail sector.

Solid know-how and expertise in Capital Markets

Investors, banks, companies across the sectors of economy, underwriters and regulators can rely on MPR Partners | Maravela, Popescu & Asociații for proper and tailored advice with regard to any transactions unfolding under the rules and regulations governing the capital markets. Since its inception, MPR Partners | Maravela, Popescu & Asociații has worked closely with the relevant authorities, which enabled its dedicated team of lawyers to amass sound experience in capital markets legal work.

Our practice has grown organically as our clients’ businesses have developed and the capital markets transactions increased and diversified. Our work focuses on all types of securities transactions, regulatory compliance, bond issuance, public and private equity, debt, corporate governance issues, including initial public offerings, liability management transactions, pricing regulations, periodic disclosure, day-to-day legal advice to publicly held companies listed on the Bucharest Stock Exchange and RASDAQ.

Highlights of the assignments which have been handled by our lawyers throughout their practice include advice and representation to:

  • The largest European rolling stock company, with regard to the mandatory public offering proceedings of two of its affiliates and delisting of the same;
  • An international soda ash producer, with regard to the acquisition of the majority stock of a Romanian issuer acting in the chemical sector, as well as the subsequent mandatory public offering;
  • An international investment fund, in relation to several acquisitions of majority stocks of several issuers listed on the stock exchange;
  • A retail company, with regard to its listing on the stock exchange;
  • A company acting in the FMCG sector, with regard to the effects of the relevant capital markets regulations as regards its merger to another company acting in the same sector;
  • Various investors, with regard to disclosure obligations, applicable limitations, clearance formalities, employees stock option plans, prospectus, etc.;
  • The Romanian Government, with regard to two medium term fixed rate notes issues listed on the Luxembourg and Frankfurt stock exchanges;
  • A major group of companies, during the acquisition process of a listed company, including the development of the strategy to be followed on capital markets issues in relation to the structuring and implementation of the entire acquisition process, the conducting of the subsequent mandatory public offering, squeeze-out and final delisting procedures from the Bucharest Stock Exchange.

Whether it comes to day-to-day operations, complex transactions or disputes with various commercial partners, commercial and contract law advice is one point you will need to always carry in your backpack. A proper legal structure for your commercial project and a proficiently drafted contractual framework can really make the difference between loss and gain.

Our lawyers have highly specialized knowledge of commercial and contract law and the experience of dealing with a wide range of foreign and local, sophisticated and non-sophisticated partners, in a large array of commercial matters and diverse types of contracts and contract-related disputes, which allows them to adapt contract drafting techniques as well as negotiation strategy to specific features of each matter.

We provide highly specialized services concerning:

  • international and local commercial agreements for the manufacturing, sale, lease, and servicing of goods, transportation, supply, insurance, agency;
  • distribution and service agreements;
  • unincorporated joint ventures and partnerships;
  • e-commerce matters;
  • settlement agreements;
  • high profile international commercial arbitration cases.

In addition, we always work alongside commercial and investment bankers, international institutions, brokers, financial and technical advisors, in-house and foreign counsels, in a continuous team effort aimed at achieving duly coordinated multidisciplinary results.

Highlights of the assignments which have been handled by our lawyers throughout their practice include advice and representation to:

  • The leading European freight wagons manufacturing group, in connection with the commercial contracts concluded with the group’s key customers and suppliers;
  • The main supplier of world leader producers in the automotive industry on day-today commercial matters, including structuring of commercial transactions, drafting and negotiating agreements, adjusting general terms and conditions of the company in accordance with the Romanian laws, assistance during the acquisition process of machinery and equipment;
  • One of the leading manufacturers of mobile devices, in connection with supply and services agreements pertaining to the development of a state of the art manufacturing facility as well as the contractual framework pertaining to the envisaged suppliers hub;
  • One of the leading pharmaceutical companies at global level, in connection with various distribution, supply and sponsorship agreements;
  • A reputed European real estate developer, in connection with the entire contractual framework pertaining to the development of two major shopping centers;
  • A global supplier of seismic exploration equipment, in connection with the successful contractual settlement and securitization of its commercial receivables against a major Romanian company;
  • A leading expert in appraisals, auctions and liquidation services, in connection with the purchasing of a high value production line from a world leading automotive manufacturer and the contractual settlement of the claims arising therefrom;
  • A major European group, in connection with complex commercial matters pertaining to unauthorized assignment of receivables, contractual set-off and related contract law aspects;
  • A leading Romanian manufacturer of nutritional supplements, in connection with the drafting of the company’s template for international sale contracts;
  • One of the leading European car rental groups, in connection with contract law aspects entailed by pre-litigation disputes regarding a commercial contract concluded with the Romanian subsidiary of one of the biggest companies worldwide;
  • A major European sports equipment retailer, in connection with the securitization of the franchise granted to a Romanian company.

Team

The senior tier of our commercial & contract law team comprises on one side our reputed founding partners (who have worked for some of the largest corporations doing business in Romania) as well as specialized lawyers having gained solid expertise in the field in reputed Romanian and international law firms.

The department is highly appreciated by our clients, expressing it either in direct communication with us, either through interviews conducted by various reputed international directories for legal (lawyer and firms) rankings. Hereafter are but a few client quotes:

  • “They provide valuable wide-ranging assistance on numerous corporate, complex restructuring and dispute resolution matters.” Source: Head of legal with a leading financial leasing company;
  • “The ‘highly recommended’ team ‘possesses a wealth of knowledge’ and provides ‘prompt and to-the-point, valuable advice’. Gelu Titus Maravela and Alina Popescu are the names to note and are praised as ‘great leaders’ who ensure ‘any assignment is smoothly completed in due time with excellent results’. Sectors of expertise include real estate, energy and natural resources as well as pharmaceuticals and healthcare.” Source: clients quoted by legal directories;
  • “The team provides ‘advice of great quality’. Gelu Maravela is ‘a prominent business lawyer and a great team leader’. Alina Popescu has ‘wide knowledge and experience’.” Source: clients quoted by legal directories.

The Romanian economy is governed by both European Union and national competition regulations, the latter being carved out to a large extent in line with the EU framework.

Given the drastic consequences of competition rules infringements (including substantial fines[1], potential criminal consequences[2], possible compensation claims from aggrieved parties[3], results of internal audits and of audits performed by business partners, reporting obligations of listed companies, etc.), competition law has become increasingly important for compliance systems and policies of every company.

Notwithstanding, the overall compliance level on the Romanian market remains scarce. For this reason, in the past few years, companies doing business in Romania have been facing an increasingly high number of investigations initiated by the relevant authorities (namely the European Commission and the Romanian Competition Council[4]). Most of the times, such investigations are triggered following complaints submitted by competitors as well as current or potential business partners, but these are equally initiated by the competition authorities at their own motion[5].

Given the specificity of competition law (the competition authorities’ assessment being mostly based on economic aspects), the high level of complexity of competition projects and the drastic consequences involved, it is extremely important for the legal assistance in this highly sophisticated area to be provided by specialized competition lawyers, holding the requisite knowledge and practical experience to best handle such mandates.

In order to help our clients to rapidly and efficiently handle their prevention policies as well as the necessary assistance in case of a competition investigation, our attorneys are prepared to handle the entire range of competition related projects, including:

  • individual and sector investigations;
  • notification of economic concentrations;
  • audits, compliance programs and trainings;
  • specific procedures protecting sensitive information exchanges in M&A transactions;
  • contract reviewing and negotiating meant to avoid potential competition law breaches;
  • configuring competition compliant distribution and franchising systems;
  • assistance and assessments regarding State aid measures;
  • integrated market definition, market power and commercial practices assessment required to identify relevant competition risks and corresponding prevention or mitigation actions.

We believe that the following aspects place us amongst the top competition teams on the Romanian market:

  • European level competition know-how, that has been acknowledged by reputed specialists in the field;
  • deep understanding of the economics side of this niche field;
  • good relationship and cooperation with competition authorities throughout the entire duration of the assignment;
  • identifying the sensitive aspects from a competition analysis perspective early in the case and recommending the suitable strategy accordingly;
  • experience in coordinating complex multijurisdictional, international and European competition projects.

Highlights of the assignments which have been handled by our lawyers throughout their practice include advice and representation to:

  • One of the largest mobile phones manufacturers, with regard to State aid matters entailed by the construction of its manufacturing facility in Romania, including relevant exchanges with the European Commission and the Romanian Competition Council;
  • Several subsidiaries of multinational companies with regard to the reviewing, updating and implementation of the competition compliance programs, dawn raids and training sessions on the same;
  • A major European utility provider, with regard to whole range of competition issues triggered by the acquisition of a Romanian utility company;
  • A major European investor, in connection with all competition matters arising out of the acquisition of three freight wagons manufacturing businesses, as well as State aid matters pertaining to the post-acquisition development of various businesses;
  • A private equity fund, in connection with all competition aspects raised by the various acquisitions of targets made in several sectors of the economy;
  • Several pharmaceutical companies, in relation to a sector investigation initiated by the Romanian Competition Council and the court files pertaining thereto;
  • A UK based pharmaceutical company, with regard to all competition matters following a business spin-off;
  • A large US based pharmaceutical company, in connection with a plethora of competition issues triggered by three cross border acquisitions;
  • A European bank, with regard to numerous competition matters concerning the acquisition of a Romanian bank;
  • A large network of pharmacies, with regard to various competition aspects entailed by their day-to-day activity;
  • A large number of clients, with regard to the adjustment and clearance of various contractual clauses and mechanisms raising potential competition concerns;
  • A cable tv provider, in connection with the assessment of a potential abuse of dominant position perpetrated by its competitor.

Team

The core of our competition team comprises five specialized attorneys led by one of the firm’s founding partners. Depending on the specificities of each project, other attorneys with various specializations (such as dispute resolution, administrative or criminal law and any other niche field or industry concerned) are involved in the relevant projects.

We pride ourselves with a very high degree of satisfaction of our clients with the assistance provided in competition matters.

Our competition team is the exclusive winner of the 2020 Client Choice Competition & Antitrust award for Romania. Client Choice Awards, by Lexology, recognize every year the excellence in client service. Please note that this information is embargoed until mid-February 2020.

A few relevant client quotes concerning our assistance in competition matters are reproduced below:

  • comments of the jury and quotes from Clients that have nominated our competition team for the 2020 Client Choice Competition & Antitrust award for Romania included: “the competition team is constantly praised by their clients (…) provides the most comprehensive and best analysis, [the members of the competition team] respond to their clients in a timely fashion“, “[the members of the competition team] are very well written and offer excellent customer care and tailored advice” (please note that this information is embargoed until mid-February 2020);
  • one of the shareholders of the United States law firm Fowler, White, Burnett has commended us for “the most comprehensive and best analysis” from “over 20 firms in the past 15 years”;
  • “Our mother company is enthusiastic about the [EU competition law] training. Compliments to you and your team!”
  • “Thank you for your excellent advice and assistance!” – Source: Chief operations officer of the Dutch subsidiary of a large Japanese group (2019);
  • the Legal, Tax & Insurance Director of the German group Eberspächer: “It is a pleasure for me and my colleagues to work (…) with your firm, that we consider trustworthy and very competent”;
  • “[…] thank you very much for the red flag report and the supplement regarding competition. It was a great pleasure to read your comprehensive report.” – Source: M&A specialised attorney with reputed Dutch law firm (2019);
  • Dr. Ulrich Soltesz, reputed competition specialist and partner with the Brussels office of the largest German law firm, Gleiss Lutz: “(…) we have had the pleasure to work with [Alina Popescu] for common clients (all large corporations) in three major projects entailing complex assessments of competition matters, competition strategy and exchanges with the European Commission. (…) we strongly recommend Ms Popescu as an accomplished legal professional fit for high standards (…).”

Sound expertise from specialists at the heart of corporate matters

Corporate law lies at the backbone of every company, transaction or investment, no matter the field of activity. Accurate, up-to-date and compliant corporate work is, therefore, essential to the health of your business and the success of any deal. Corporate advice should be sought for instance in order to ensure that the type of corporate vehicle, group structure where applicable and corporate governance thereof are not only statutory compliant but also suited to the specific requirements of your activity, that corporate operations are lawfully and effectively structured, that corporate resolutions are timely and validly passed, that shareholders and directors liability is duly confined and triggered where needed, that shareholders agreements and minority shareholding protection rights are properly conceived and duly implemented in the relevant incorporation documents, that corporate compliance matters are observed and last, but not least, that your counterparty entering a contract holds proper representation powers.

Whatever the matter requiring corporate assistance, you are at the right place. From company formation to company exits, winding up and dissolution, from mergers to total or partial spin-offs, from shareholders agreements to establishment and implementation of joint ventures, from corporate governance and share capital amendments, from corporate due diligence in view of restructurings, acquisitions or sales, or simply in view of validating corporate authority, from corporate convening and drawing up of general meeting of shareholders and directors resolutions to challenging same, from shareholders to directors liability matters, from complex shares acquisitions to day-to-day corporate compliance aspects and Trade Registry registrations, every corporate work receives our equal attention and our lawyers master it all.

Highlights of the assignments which have been handled by our lawyers throughout their practice include advice and representation to:

  • Numerous Romanian and foreign developers, asset management companies and investment funds, in connection with the company formation, share capital increase, corporate governance, stakeholder acquisition and sale of the corporate vehicles pertaining to the development of major real estate projects;
  • A global pharmaceuticals and medical devices group, in connection with the corporate restructuring of the Romanian entities following a major acquisition, including the winding up of a Romanian representative office of a Swiss entity preceded by a transfer of business to the Romanian subsidiary;
  • The world leading agriculture company, in connection with several complex and high value share capital increases performed via capitalization of receivables, including coordination of the cross-border corporate process;
  • The main supplier of important producers in the automotive industry, with regard to the adjustment of their corporate structure and policies to requirements of local regulations;
  • A major real estate developer, in connection with a complex, fast pace exit from a Romanian partnership performed via a transfer of assets against shares in the project company;
  • A reputed German group, in connection with the corporate work entailed by the acquisition of three Romanian freight wagon manufacturing businesses;
  • A global chemicals and textile group, in connection with corporate work entailed by the acquisition of a Romanian chemicals company;
  • A major investment fund, in connection with corporate work entailed by the acquisition of one of the leading Romanian hotel chains;
  • A reputed European airline, in connection with day-to-day corporate aspects pertaining to its representative office in Romania as well as the closing down of the same;
  • One of the leading European car rental businesses, in connection with various corporate aspects entailed by their day-to-day activity in Romania.

Outstanding expertise in Employment matters

The relationships between employers and employees are often complicated by unclear and sometimes contradictory laws and regulations. On the other hand, if employers do not comprehend and carefully observe their obligations towards their employees, their businesses may suffer a wide array of consequences. Moreover, lack of implementation of employees’ benefits schemes as well of executive compensation programs in recruiting and retaining the most skilled human resources may hinder the company’s development. Likewise, collective bargaining agreements and corporate HR policies must be carefully negotiated, drafted and structured respectively so as to properly balance compliance matters with the company’s interests. In addition, an eye should be kept on any deal that may trigger transfer of undertaking specific obligations.

MPR Partners | Maravela, Popescu & Asociații’s knowledge and experience has helped clients smooth their labor relationships and overcome the obstacles they face on the legal side of human resources by tailoring practical and business oriented solutions. Our team focuses on the full range of employment matters, including regulatory and compliance, contracts and terminations, lay-off schemes, restructuring business and corporations, collective labor agreements, negotiations with unions, recruitment and retention, employee transfers, discrimination, whistle-blowing, health and safety, immigration, employee stock option plans and executive compensation arrangements. MPR Partners | Maravela, Popescu & Asociații advises companies and individuals from an integrated and multidisciplinary stance, including tax aspects and litigation matters.

Highlights of the assignments which have been handled by our lawyers throughout their practice include advice and representation to:

  • A major German investor, with regard to the transfer of employees, collective labor agreements, contracts renewal and termination during the acquisitions of the largest rolling stock companies;
  • The Romanian subsidiary of one of the largest dialysis services provider, in connection with employees transfer, contract termination, collective labor agreement, severance payments during the acquisition of several dialysis companies;
  • Several subsidiaries of multinational companies, with regard to employment contentions matters concerning severance payments, alleged abusive dismissal, whistle-blowing, business reorganization;
  • A large European utility company, with regard to the whole range of employment matters triggered by the acquisition of a national utility company;
  • A large US based pharmaceutical company, in connection with a plethora of labor issues triggered by the transfer of employees following three cross border acquisitions;
  • The subsidiary of a large French road transporter, in connection with various employment issues triggered by a massive lay-off scheme owing to the business reorganization;
  • A private equity fund, in connection with retirement benefits schemes and executive compensations arrangements due to the group businesses reorganization;
  • A UK based pharmaceutical company, with regard to the whole range of labor related matters due to the transfer of employees following a business spin-off;
  • Several subsidiaries of multinational companies, with regard to the review, update and implementation of the employment contractual arrangements, internal related policies and procedures, non-compete agreements, stock option plans and tax incentives schemes;
  • A large international IT company, with regard to labor conditions and program, leave, overtime, professional trainings, executive immigration, as well as employment related agreements;
  • A European bank, with regard to numerous employment matters concerning the Romanian subsidiary;
  • One of the largest mobile phones manufacturers, with regard to the whole range of employment issues triggered by a greenfield project (recruitment, employment related contractual arrangements, stock option plans, executive incentive schemes, dismissals, training programs, lay-off schemes, severance payments).

Specialized energy and natural resources services

Companies doing business in energy and natural resources sectors are in constant evolution and transformation in their quest for new forms and categories of resources, whilst regulators face difficult and complex decisions meant to both reduce the impact on the environment and to secure the increasing demand of energy without impacting the economic prosperity. All these aspects require qualified advisers with specific knowledge and capabilities, which can be easily found with our firm. Our attorneys have advised all types of players, including producers, distributors, traders, suppliers, brokers, financial investors and investments funds, manufacturers, investment banks, industry associations, regulators and other authorities, on virtually all aspects pertaining to energy and natural resources, having been involved in some of the biggest projects in the field, part of which have been a national and even regional premiere.

Our team’s expertise spans:

  • development and operation of power generation projects (conventional and renewable);
  • acquisition and sale of projects in the energy and natural resources sectors (including renewable energy);
  • regulatory matters regarding transmission, distribution, supply and trading;
  • metals and mining, oil and gas (upstream, midstream and downstream);
  • sector related commercial and contractual relationships;
  • construction, financing, operation, maintenance of projects in the energy and natural resources sectors (including renewable energy);
  • disputes resolution in the conventional energy and renewable energy sectors of industries.

We thus advise on a wide range of energy & natural resources related transactions such as joint ventures, mergers, acquisitions and divestures, privatizations, corporate and ownership restructuring and unbundling, project and lease financings. These transactions are further supported by our specialists in areas such as employment, environmental, competition, tax and dispute resolution.

Highlights of the assignments which have been handled by our lawyers throughout their practice include advice and representation to:

  • An international investor, with regard to the development of one of the largest wind farms (450 MW);
  • A significant European utility provider, with regard to its accession to a major utility transportation project;
  • A European private equity fund, in relation to the acquisition of a large private natural gas distributor;
  • A large international investor, with regard to the implementation of a large PPP project in the energy sector;
  • A major European electricity supply and distribution group, in connection with two high value ICC arbitrations regarding Romanian authorities’ claims arising from alleged infringement of several privatization agreements;
  • A large European utility provider, with regard to the acquisition of several supply and distribution utility companies;
  • The Romanian natural gas regulator, with regard to the full liberalization and unbundling of the national gas market;
  • A large European consultant in the energy and oil and gas sectors, with regard to the legislative amendments aimed at strengthening of the regulatory capacity of the Romanian regulator in the natural gas sector;
  • A major international mining group, in relation to the exploration and exploitation of a gold mining project;
  • A Russian corporation, in relation to the exploration and exploitation of a gold mining site;
  • A large US based oil and gas company, with regard to the privatization of the largest national oil company;
  • The Romanian Government, in relation to the revising of the laws on oil and gas.

Team

The senior tier of our energy & natural resources law team comprises on one side our reputed founding partners (who have been involved throughout their combined 38 years of practice in a wide array of projects and matters, having worked for some of the largest corporations doing business in Romania – see section 2) as well as specialized lawyers having gained solid expertise in the field in reputed Romanian and international law firms. As with any other of our areas of practice, the dedicated team includes lawyers specialized both in advisory work and dispute resolution, for an integrated approach meant to cover all relevant angles, and is constantly praised by clients:

“The firm advises on substantial M&A deals in the energy, transport, subsoil and medical sectors, and is noted for its ability to develop ‘very close and efficient working relationships’. With Gelu Maravela, ‘the communication is easy and the results are excellent'”, declared a client quoted by The Legal 500 international directory for legal professionals;

“The ‘highly recommended’ team at this firm ‘possesses a wealth of knowledge’ and provides ‘prompt and to-the-point, valuable advice’. Gelu Titus Maravela and Alina Popescu are the names to note and are praised as ‘great leaders’ who ensure ‘any assignment is smoothly completed in due time with excellent results’. Sectors of expertise include real estate, energy and natural resources as well as pharmaceuticals and healthcare.”, declared another client quoted by The Legal 500;

“[…] everything we have seen […] indicates that the firm is a first-rate law firm with a commitment to the highest professional standards.”, stated a New York based Partner of a leading global law firm;

“I was very impressed with you and your team, and I will certainly be recommending you to my colleagues. I would like to thank all of your for your extremely hard work on this; the client is very happy with the team and how the deal was handled […] my thanks to everyone for a job most excellently done. […] I look forward to working with you all again very soon.”, added a Partner of a reputed UK based law firm.

Environmental know-how from specialized attorneys

Nowadays one cannot conceive businesses, whether unfolding under hazardous auspices or not, without thinking of compliance and liability triggered by the environmental regulations. Accordingly, environment protection and care for climate change became issues of everyday life for most undertakings. Having consolidated and expanded its environment practice in the last years, MPR Partners | Maravela, Popescu & Asociații delivers fine legal advice on the complexities of environmental regulations and liabilities, related health and safety matters, permitting and compliance programs and helps clients understand the environmental matters that impact their businesses.

Our environment lawyers together with their peers from other practices areas focus, amongst others, on assisting clients with environmental liabilities in corporate and mergers and acquisitions transactions, regulatory compliance programs, National Securities Commission environmental disclosure obligations, representation in commercial, criminal and/or administrative proceedings, decommissioning, drafting and submitting the underlying documentation for obtaining environmental operational permits, integrated and/or non-integrated environmental authorizations, related licenses, exemptions from restrictive requirements, environmental site assessment, advice on the European Union climate and energy legislative package, risks and opportunities presented by climate change and sustainable development.

Our team of lawyers works closely and cooperates with environmental specialists, regulators, auditors, agencies, NGOs, governmental bodies so as to streamline the efforts for a better compliance of the businesses with environmental regulations.

Highlights of the mandates which have been handled by our lawyers throughout their practice include advice and representation to:

  • Romanian and foreign investors, with regard to negotiations of environmental issues triggered by corporate transactions, including mergers and acquisitions documentation to share and mitigate environmental liabilities;
  • Several international real estate developers, on the environmental matters entailed by the real estate transfers, site assessment, development projects and related lands and buildings use issues, including environmental restrictions and environmental insurance policies;
  • A large international carbon emission certificates trader, with regard to guidance concerning compliance with the European Union Emissions Trading Scheme;
  • One of the largest freight wagons manufacturing businesses in Europe, regarding environmental matters concerning the exposure to environmental liabilities, compliance programs, environmental due diligence and related audit, drafting documentation for obtaining the operational permits, licenses and underlying authorizations, including in the nuclear activities sector;
  • Several listed companies, with regard to the environmental events that may trigger disclosure obligations, including the drafting and submission of the disclosure documents and filings before the underlying regulators in accordance with the relevant laws and National Securities Commission regulations;
  • Numerous corporations, on environmental compliance programs and corporate environmental responsibility policies;
  • A large European industrial gas manufacturer, with regard to cross-border environmental compliance, the national and European Union toxic compounds legislation;
  • A European polystyrene manufacturer, with regard to a plethora of environmental matters triggered by greenfield project for producing extruded polystyrene for the construction sector;
  • One of the largest mobile phones manufacturers, on various environmental issues emerged from a greenfield industrial project, including site decommissioning, design and implementation with engineers and experts of site assessments and compliance audits meant to develop the property in accordance with the environmental rules and regulations;
  • A large European utility provider, in connection with the various environmental matters triggered by its accession to a large transportation infrastructure;
  • Several state owned companies from various industrial sectors, with regard to the environmental matters triggered by their privatization, including assessment of the related obligations, site assessments and audit together with engineers and experts, drafting the privatization documentations so as to allot and determine the environmental obligations and liabilities both pre and post-closing;
  • A major European metallurgical group, with respect to a successfully settled ICC arbitration regarding alleged infringement of environmental investment obligations under a privatization agreement.
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