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Allen & Overy and RTPR Allen & Overy Cease Association in Romania. Local Team Rebrands to RTPR

Allen & Overy and RTPR Allen & Overy Cease Association in Romania. Local Team Rebrands to RTPR

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Allen & Overy and RTPR Allen & Overy have announced they will "continue to collaborate" but under "a new relationship agreement" that sees the local team change its name to purely RTPR for local projects, while Allen & Overy no longer lists Romania amongst its jurisdictions.

The change is effective March 2, 2020, after 12 years of the two working under an association agreement.

According to an RTPR press statement, "the name change follows A&O’s practice for the offices it does not own but partners with on transaction, cases, and advice." It clarified that Radu Taracila Padurari Retevoescu SCA (RTPR) is owned exclusively by the 6 Romanian Partners: Costin Taracila, Victor Padurari, Alexandru Retevoescu, Mihai Ristici, Valentin Berea, and Alina Stavaru.

While the press statement emphasized "RTPR will continue to work closely with Allen & Overy," and that "the collaboration will continue to extend beyond working together on client matters, to aspects such as legal training for lawyers or joint marketing initiatives," an Allen & Overy press representative declined to comment as to whether their collaboration will be on an exclusive basis within the new agreement stating that "details of the agreement are commercially confidential." 

Costin Taracila, Managing Partner of RTPR, stated: "We are proud to be the reference firm for, and to have worked together with, Allen & Overy on numerous landmark deals in Romania and the CEE region over more than 12 years. Having a new relationship agreement with Allen & Overy is once again testimony to RTPR’s highest quality standards of advice and ethics and further cements our position as a leading transactional firm in the market."

Wim Dejonghe, Allen & Overy Senior Partner added: "We value our collaboration with RTPR and are pleased this will carry on under the new arrangement. We will continue to provide the highest quality legal advice in Romania and the CEE region, which are important markets for us and our clients."

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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