Rewarding the best in local law
Business leaders gathered to award the best deals, negotiators and teams in the Romanian legal industry
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Deals are increasing in size. Competition is toughening up. Romanian businesses are moving abroad. The nation may be stuck in political quicksand, but this is not dragging the economy into the mud.
Taking advantage of the sophisticated business environment are commercial law firms. Never before has Romania witnessed such a fierce squadron of legal eagles.
Assesing the market, The Diplomat - Bucharest has rewarded the best deals and negotiations and the smartest legal teams from last year.
Winners received the awards at a ceremony in the JW Marriott Bucharest Grand Hotel, which took place with the support of gold partners Avrig 35 and Lexus and silver partners Nespresso and Kyros Interiors.
Also present to celebrate the best in commercial law was Minister of Justice Tudor Chiuariu. “We have to look past our egos and recognise the merits of the best of us,” said the Minister. “I congratulate all those who entered this competition and I hope we meet again year after year in larger numbers.”
To select the winners, this magazine carried out a survey among the most reputable law firms in the business, who were asked to send information about the major areas of practice and the most significant deals carried out during 2006 and 2007.
The Diplomat - Bucharest then assembled 11 leading business figures with a wide knowledge of the Romanian business environment to send in their nomination for three projects from each of the six business practice categories. The winner was awarded the majority of votes. Best law practice teams and Law Firm of the Year awards were based on the sum of nominations in all categories and detailed market research carried out by The Diplomat - Bucharest.
Members of the jury
Adrian Baicusi, general manager, Siemens Romania; Guy Burrow, general manager, Central European Consulting; Anca Ioan, CEO, Tiriac Holding; Vasile Iuga, senior partner, PricewaterhouseCoopers Romania; Cornel Marian, investment manager, Oresa Ventures; George Mucibabici, general manager, Deloitte Romania; Roberto Musneci, senior partner, Serban & Musneci Consulting; Misu Negritoiu, president, ING Bank Romania; Lucian Perl, investment director, Enterprise Investors; Florin Pogonaru, president, Romanian Businessmen Association (AOAR); Emma Popa Radu, partner, Advent International
Law firm of the Year 2006 |
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Deal of the Year 2006 |
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Best Deal - Real Estate and Construction |
Acquisition of Polus CenterFor the acquisition of Polus Center Cluj, the largest real estate deal in the retail sector in 2006 and valued at 210 million Euro. Lawyers: Popovici si Asociatii for the purchaser, Immoeast
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Best Deal - Banking &Finance |
European Investment Bank loan to MetrorexFor the European Investment Bank (EIB) loan facility granted to Metrorex. Value of the loan: 370 million Euro. Lawyers: Musat si Asociatii.
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Best Deal - Energy |
Enel acquisition of Electrica Muntenia SudFor the assistance to Enel in connection with the 820 million Euro acquisition of Electrica Muntenia Sud. Lawyers: Musat si Asociatii
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Best Deal - Mergers &Acquisitions/Corporate |
Enel acquisition of Electrica Muntenia SudFor the assistance to Enel in connection with the 820 million Euro acquisition of power distribution company based in Bucharest, Electrica Muntenia Sud Lawyers: Musat si Asociatii
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Best project Litigation/Arbitration |
Competition Council fine against CarpatcementLafarge and Holcim for allegedly participating in a price fixing cartel. Lawyers: David & Baias
Erste Bank / BCR before the Constitutional Court |
Best Deal - Capital Markets |
A&D Pharma listing on the main market of London’s Stock ExchangeThe pioneering project of listing A&D Pharma on London’s Stock Exchange. Lawyers: Salans
Mandatory public offer Zentiva / Sicomed |
Best legal team: |
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Best legal team: |
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