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Bondoc si Asociatii Successful for Oltchim Before EU General Court

Bondoc si Asociatii Successful for Oltchim Before EU General Court

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Bondoc si Asociatii, working with White & Case, has successfully represented Oltchim, acting through insolvency trustees BDO Business Restructuring and Rominsolv, before the General Court of the European Union.

According to Bondoc si Asociatii, this complex case concerned state aid allegedly unlawfully granted in the scope of the Oltchim restructuring. The firms have jointly challenged the “European Commission’s State aid decision no. SA.29041, according to which Romania had to recover alleged state aid consisting of various measures taken during 2012-2015 in connection with Oltchim’s restructuring. In its judgment rendered on December 15, 2021, the General Court ruled in favor of Oltchim. The ruling has dismissed the Commission’s inadmissibility plea and has concluded that – in respect of almost all of the measures under review – the European Commission had failed to demonstrate that these measures constituted State aid at all. The judgment may be appealed.”

According to the firm, “aside [from] the very high value at stake (approximately EUR 325 million), the complexity of the case stemmed also from the broad range of measures deemed by the EC to be unlawful State aid involving various different public authorities and State-owned companies, as well as from the necessity need to correlate multilayered complex State aid law concepts with numerous other legal provisions applicable in the case, including regarding Romanian restructuring & insolvency law, privatization law, corporate law, environment, and other regulatory matters.”

Bondoc si Asociatii’s team included Managing Partner Lucian Bondoc and Partner Simona Petrisor.

Bondoc si Asociatii at a Glance

Bondoc și Asociații SCA is a leading Romanian law firm advising private corporations, public entities and lending institutions in the development of significant and increasingly integrated projects in a wide range of practice areas, including corporate and commercial law, M&A, banking & finance (including also structural funds and state aid), energy, capital markets, competition law, labor, real estate, IT&C, regulatory and compliance. Its lawyers are specialized in providing integrated advice on virtually every legal aspect associated with complex cross-border transactions, as well as domestic projects.

We have the experience and necessary resources to advise private corporations, public entities and financial institutions in their cross-border expansion, in the development of significant and increasingly integrated projects.

In terms of M&A transactional work, our team has been involved in many significant transactions covering a broad range of industries.

We are one of the few firms capable of assisting in a professional manner on virtually any type of M&A project in any industry in Romania and of any size, including with respect to highly regulated sectors or in connection with public authorities.

We have very strong departments in all support areas needed for such transactions, including without limitation competition, commercial law, real estate, labor law, banking &finance, energy, environment, and other regulatory.

Key Information:

  • 9 partners;
  • 40 lawyers, most of whom have also studied abroad;
  • Covering the full range of legal services;
  • Having worked on many of the largest and most complex projects in the Romanian market in the past 3 years;
  • One of the very few Romanian law firms growing in the market;
  • Highly recommended by international directories in 11 areas of law.

We offer:

  • Integrity;
  • A Client-oriented approach;
  • Top quality services, including in highly regulated sectors;
  • A size allowing for the coverage of several large projects at the same time;
  • Very strong experience in both domestic and international complex projects, including in highly regulated sectors;
  • A holistic approach.


Our lawyers have wide experience in dealing with complex and sophisticated legal matters.

  1. Banking & Finance
  2. Capital Markets
  3. Commercial
  4. Competition
  5. Corporate / Mergers & Acquisitions
  6. Data Protection
  7. Employment
  8. Energy & Natural Resources
  9. Environment & Regulatory
  10. Healthcare/Pharma & Medical Services
  11. Insurance and Private Pensions
  12. Intellectual Property
  13. IT/Technology & Communications
  14. Litigation & Arbitration
  15. Media, Entertainment & Advertising
  16. Public Procurement & PPP
  17. Real Estate& Constructions
  18. Restructuring & Liquidation
  19. State Aid & European Structural Funds
  20. White Collar / Investigations & Compliance

For further information about Bondoc si Asociatii Law Firm, please visit our website at bondoc-asociatii.ro.