Address: 12 Plantelor Street, 023974 District 2, Bucharest, Romania
Tel: 00 40 21 311 05 17
Fax: 00 40 21 311 05 19
E-mail: [email protected]
Most senior representative: Ioana Racoti, Senior Partner and Founder; Calin-Andrei Zamfirescu, Senior Partner and Founder; Stan Tirnoveanu, Senior Partner and Founder
No. of local partners: 13
No. of lawyers: 63
Offices in Romania: Bucharest, Cluj-Napoca

Partners and heads of practice

IOANA RACOTI, Senior Partner

Ioana is a leading corporate finance lawyer, assisting financial institutions and borrowers in complex loan transactions, syndicated facilities, creation and perfection of guarantees and securities, project finance. Additionally, Ioana has developed an extensive practice in energy and natural resources, being highly sought after as an advisor for intricate projects regarding the oil & gas industry and energy sector, by granting legal assistance pertaining to investment strategy, regulatory issues and contract law.

ANCA DANILESCU, Senior Partner Corporate & Commercial; Mergers & Acquisition; Real Estate; Employment Law; Banking & Finance

Anca has developed a significant practice in project finance, corporate, commercial and mergers and acquisitions. She has been involved in intricate financing transactions, including bank facility agreements, syndicated international loans and securitizations. Anca was also involved in complex transactions ranging from cross-border business ventures to private stock and assets acquisitions for major domestic and international corporate clients in various fields, such as multinational lime and glass producers, leading companies in telecommunications, shipping and aviation areas.

CALIN-ANDREI ZAMFIRESCU, Senior Partner and Founder

Calin is a leading Romanian expert in litigation and arbitration, acting as counsel for major clients in important
domestic and international litigation and arbitration proceedings, being praised for his experience in banking,
finance, insolvency, liquidation, and bankruptcy-related contentious matters. He is Honorary President of the National Union of Romanian Bars, the National Union of Liberal Professions as well as Head of the Romanian Delegation before CCBE (Council of Bars and Law Societies of Europe).

COSMIN VASILE, Managing Partner, Head of Arbitration Practice Group

Dr. Cosmin Vasile has extensive experience of more than 19 years in handling cross-border disputes and boasts already an outstanding trackrecord of around 100 international arbitration proceedings as counsel and arbitrator conducted under various laws and sets of arbitration rules, including ICC, LCIA, CAM, SCC, VIAC, UNCITRAL, ICSID and CICA. In court, Cosmin has an impressive record, being popular among major domestic and international corporations for advice in high-profile commercial, administrativecontentious, public procurement, enforcement  and capital markets disputes.

STAN TIRNOVEANU,Senior Partner Restructuring & Insolvency; Enforcement & Debt Recovery; Banking & Finance; Dispute Resolution; Fiscal Litigation; Real Estate Litigation

Mr. Tirnoveanu leads the Restructuring & Insolvency practice as well as the Banking Litigation practice, being one of the most reputed lawyers in Romania in the area of liquidation and reorganization in the banking system. With over 30 years’ experience as a lawyer and over 25 years’ experience as an insolvency practitioner, he has broad expertise in representing clients in insolvency and bankruptcy, debt recovery and dispute resolution, ensuring legal assistance and representation for both creditors and debtors.

Andrei Dumitrescu, Partner Litigation; Administrative Contentious; Public Procurement; Competition; Labor Disputes

Andrei is an experienced dispute resolution lawyer focusing on complex commercial litigation and contentious administrative disputes, including public acquisitions, tax and competition law. Furthermore, Andrei specializes in the settlement of court and pre-court matters, assisting clients in mitigating imminent litigation or amiably solving open court procedures. Andrei has completed several postgraduate courses in Intellectual Property held by WIPO in association with the University of Bucharest (2006, 2007).

List of the most representative projects

Corporate and M&A

The sale of the entire stock of shares in a Romanian company active in the field ofmobile top-up and bill payment services.
The acquisition of a company owning and operating a 4-star hotel in Romania. 

The acquisition of the majority stock of shares in a Romanian credit institution.
The acquisition of an international group of companies engaged in the processing of fuel, bonus and bank cards.
The restructuring of a leading European fertilizer producer.
Specialist lawyer: Anca Danilescu.


Advised the client, one of the largest vertically integrated aluminium producers in Europe, on several cross-border complex financing projects amounting to a total of approx. $400 million, in relation to loan facilities for working capital and investment


Advised a leading leasing company in relation to the restructuring and restatement of financial lease agreements extended to a group of companies with industrial park activities.

Advised a leading Romanian bank, member of an international banking group, in relation to the amendment and restatement of a complex servicing agreement for a loan portfolio.

Advised a Romanian Bank in a complex matter involving the assignment of a consumer loan portfolio in foreign currency, against the National Authority for Consumer Protection.

Advised the client, a company acting in the financial services sector, regarding a non-recourse factoring facility to be granted to an important developer of high profile residential and office projects in central locations.

Specialist lawyers: Ioana Racoti, Elena Iacob.


Advised the client, a company acting in the financial services sector, in an investigation opened by the Competition Council on a possible breach of the national and EU competition on the financial leasing services market and the consumer credit market.

Advised the client, a manufacturer of wood-based panels, in an investigation opened by the Competition Council on a possible breach of the national and EU competition law on the market of wood processing.

Advised the client, a professional association in the financial services sector, in the revision of the competition compliance programme.

Representation of several energy-intensive consumers in six litigation cases in relation to the implementation of two state aid schemes in the energy market.

Assistance of the client, an important company acting in the airport services industry, in all competition law matters in Romania.


Specialist lawyer: Elena Iacob.

Real Estate

Advised on the sale of a real estate project located in Ilfov County.

Advised on the negotiation of a sophisticated lease agreement regarding an office premises located in Bucharest.

Assistance on tenant’s side in the negotiation of various sophisticated lease agreements for office premises and storage space as well as during the hand-over of leased premises.

Advised the client, a leading furniture producer, on the acquisition of various plots of land located in Bucharest and other cities in Romania, within commercial platforms.

Advised the client, a company acting in the real estate industry, on the acquisition of plots of land with the view of construction and development of buildings in the retail industry.

Specialist lawyer: Anca Danilescu.

Litigation and Dispute Resolution

Advised the client, a leading company in the oil and gas sector, in recovering its investments of approx. €100 million made in upgrading the energy infrastructure and clean technologies.

Successfully represented the client, an important company in the infrastructure field, in a controversial public procurement dispute with a value of over €650 million over the result of a tender initiated in 2016.

Representation of four credit institutions in connection with a litigation case regarding the annulment of the acts concluded on a disputed plot of land in the northern part of

Bucharest where the biggest and the most expensive commercial center was built (the value of the lawsuit being estimated at more than €300 million), known as the Baneasa (Popoviciu) case.

Successful representation of several insurance companies in Romania in claims against the Romanian Insureds’ Guarantee Fund.

The law firm assists major construction and infrastructure companies in more than 40 mandates covering public procurement disputes, contract management assistance, representation in various contractual disputes both before the domestic courts and in international arbitration (ICC, VIAC, UNCITRAL ad-hoc arbitration).

Specialist lawyer: Calin-Andrei Zamfirescu.

PPP Public Procurement

Advised the client, a local city district authority, in relation to public procurement procedures to award public procurement contracts having as object consultancy and site supervision related to the execution of thermal rehabilitation works of apartment blocks in Bucharest.

Advised an important international constructions group, part of an association, in relation to a railway rehabilitation project with a value of approx. RON3 billion.

Successfully represented a company present in the top 10 IT hardware supply rankings on the local market in a litigation currently pending before the national administrative-jurisdictional authority CNSC, in connection with a requirement of the tender documentation that included artificial conditions (estimated value of procedure RON21 million).

Full legal assistance to one of the major Romanian public health services providers, in capacity as Contracting Authority during the Covid-19 pandemic.

Assistance of one of the world leaders involved in the medical gas supply market regarding its public procurement strategy.

Specialist lawyer: Elena Iacob.

White Collar Crime

Successfully represented the client, an international online trade company, in a case involving allegations of €10 million worth of fraudulent cross-border transfers, the case been dismissed in summer 2020.

Pro bono representation of over 43 individual claimants in the Club Colectiv Fire file, the court ruling (December 2020) granting the firm's clients over €10 million in moral and material damages.

Ongoing legal assistance to a leading global cigarette and tobacco company in all criminal law matters, at all stages of the criminal proceedings.

Representation of four credit institutions in connection with a litigation case regarding the annulment of the acts concluded on a disputed plot of land in the northern part of Bucharest where the biggest and the most expensive commercial center was built (the value of the lawsuit being estimated at more than €300 million), known as the Baneasa (Popoviciu) case.

Representation of a leading Romanian bank, member of an international banking group, and its employees, in over 18 criminal procedures all over the country involving the investigation of banking transactions from the perspective of the duties of the employees or associated with money laundering accusations towards the clients of the bank or third parties.

Specialist lawyer:Valerian Cioclei.

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