Address: 4-8 Nicolae Titulescu Road, Est Wing, Floors 2-3, Sector 1, Bucharest, 011141, Romania
Tel: 00 40 21 222 16 61
Fax: 00 40 21 222 16 60
E-mail: [email protected]
Most senior representative: Alexandru Reff, Partner
No. of local partners: 7
No. of lawyers: 43
Offices in Romania: Bucharest

Partners and heads of practice


Alexandru Reff is a partner in Reff & Associates, the legal arm of Deloitte in Romania. He heads the firm’s M&A and Real Estate practices, having coordinated multidisciplinary (and sometime multinational) teams of lawyers and consultants in some of the largest transactions in Romania and a few other countries in the region. Alex assists local entrepreneurs and foreign investors in structuring investment and divestment, executing transactions, implementing restructuring, managing risk and enhancing efficiency. With a solid background in tax and an understanding of business dynamics, he brings a pragmatic, multifaceted approach to legal advice.

Alex coordinated the Central European network of law firms working with Deloitte and is registered as a foreign lawyer with the bar associations of Prague, Bratislava, Budapest and Sofia. He is proficient in English and French and has one year of experience in a law firm in Paris. 


Andrei Burz-Pinzaru, Head of Banking & Securities Practice in Reff & Associates SCA, is practicing in the area of banking, capital markets and M&A. Andrei combines his legal skills with in-depth knowledge of the financial markets and over time he has been involved in landmark projects for the Romanian market. In the banking sector, Andrei has assisted both lenders and borrowers on loan and security documentation in bilateral/ syndicated loans, LMBOs, debt restructuring & loan workouts (including dealing with insolvent borrowers), loan transfers (portfolio and individual exposures). His experience in the securities area includes advising on local and cross-border stock option plans, securities/rights offerings, takeovers, pre-IPO preparation, minority shareholders squeeze-out and de-listings, price stabilization, insider dealing and market manipulation cases. He has also assisted banks, non-banking financial institutions (IFN) insurance companies, fund management companies, publicly traded companies on various financial/ securities regulatory matters. Andrei also has experience in assisting clients (whether listed or privately held entities), operating in regulated/non-regulated industries, on various compliance and corporate governance matters, including internal corporate governance/compliance, securities compliance matters, minority shareholders rights and shareholders disputes. He has been involved in drafting of several pieces of legislation including the Romanian Mortgage Lending Law, Mortgage Bonds and Securitization laws and the securities regulations for securitization and mortgage bonds. He is a regular public speaker and authored a number of articles on various topics in his areas of expertise in local and international publications.

List of the most representative projects

Corporate and M&A

Advising worldwide leading automotive supplier on various corporate and commercial law matters in the context of developing a new production facility located in Sibiu county.

Advising world’s leading home retailer on ongoing corporate and commercial matters.

Assistance to a listed company in the context of raising funds for a contemplated acquisition of a similar business.

Advising one of the world’s largest diversified natural resources companies on the methods available for restructuring the Romanian companies of the group.

Advising a leading furniture producer on business restructuring as well as in connection with the merger through absorption of two entities from the group.

Specialist lawyers: Alexandru Reff, Partner, Head of practice, Georgiana Singurel, Associated Partner, Robert Ionita, Associated Partner, Diana Fejer, Managing Associate;



Successfully defended two officers of an important bank with local presence in the most prominent market manipulation and insider dealing case ruled on the merits in Romania.

Romanian legal advisor to a large real estate investment fund in Romania in relation to cross-border rights offerings, private placements and other securities offerings in excess of EUR 350 million in aggregate.

Romanian legal advisor to a major Cyprus-based bank in the transfer of EUR 82 million assets and EUR 77 million deposits to a Romanian bank in the context of the Cyprus crisis and bail-in legislation.

Romanian legal advisor to a syndicate of banks in a EUR 60 million loan restructuring.

Legal advisor to a large real estate investment fund on various real estate finance matters.

Specialist lawyers: Andrei Burz-Pinzaru, Simina Mut, Leontin Trifa;

Energy and Natural Resources

Advising a major electricity provider in connection with the acquisition of two photovoltaic projects located in Romania.

Advising a leading renewable energy and high quality solar products producer in connection with the acquisition and development of two photovoltaic projects with a total capacity of 20 MW located in Romania.

Advising a leading renewable energy producer on business restructuring in Romania as well as in relationship with the spin-off of a wind farm project.

Advising a local renewable energy producer in connection with the development of three photovoltaic projects in Teleorman county, Romania.

Advising the most dynamic real estate investment fund in relation to the mechanism proposed to be implemented with respect to power supply and distribution within the building(s) after obtaining related energy licenses.

Specialist lawyers: Georgiana Singurel, Associate Partner, Head of practice, Silvia Axinescu, Senior Associate;


Advising in obtaining competition law clearance from the European Commission in an economic concentration having a community dimension, following one of the largest restructuring of distressed real estate assets in Romania.

Continuous assistance to one of the most dynamic investment funds in real estate in Romania in obtaining clearance from the Romanian Competition Council for its acquisitions in Romania.

Legal assistance to one of the largest distributors of pharmaceuticals in Romania in implementing a competition law compliance program.

Obtaining from the Romanian Competition Council one the few decisions for derogation from the interdiction to implement an economic concentration prior to approval, in a major transaction involving transfer of loan portfolio.

Competition law training to a series of clients, as well as within the training sessions organized by the Romanian Banking Institute.

Specialist lawyers: Florentina Munteanu, Associate Partner, Head of practice, Andreea Grigoras, Senior Associate;


Real Estate

Advising large property investment and development company in the acquisition of a shopping center in Constanta.

Advising large property investment and development company in a complex acquisition of a class A - office building located in Bucharest.

Advising large property investment and development company in the acquisition of a commercial center in Hunedoara county.

Advising large property investment and development company in the acquisition of a shopping center located in Mehedinti county.

Advising large property developer in relation to the acquisition of various commercial centers including acquisition of land.

Specialist lawyers: Alexandru Reff, Partner, Head of Practice, Robert Ionita, Associate Partner, Ruxandra Macelaru, Managing Associate;

Litigation and Dispute Resolution

Assisting a trader of one of the largest banks in Romania in connection with dismissal due to breach of the capital markets regulations and illegal conduct.

Defending the forced execution performed by large real estate investment fund against certain entities of a real estate group for the recovery of a significant receivable.

Representing a worldwide leading retailer in court in relation to a dispute resulting from the termination of an employment agreement.

Representing a major retailer in court and assistance in relation to contravention minutes resulting in fine and sale interdiction for certain goods.

Assisting worldwide leading IT player in a tax dispute regarding the payment of fiscal interest for VAT late reimbursement.

Specialist lawyers: Georgiana Singurel, Associate Partner, Head of practice, Lucian Tanase, Managing Associate;

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