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Filip & Company Advises Tiriac Group on Sale of Mutua Madrid Open and Acciona Open de Espana

Filip & Company Advises Tiriac Group on Sale of Mutua Madrid Open and Acciona Open de Espana

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Filip & Company has advised the Tiriac Group on its sale of rights in and operations of the Mutua Madrid Open tennis tournament and the Acciona Open de Espana golf tournament to Endeavor Group's IMG UK. Linklaters, Prolaw Abogados, and Michael Kyprianou & Co reportedly advised the Tiriac Group as well. Latham & Watkins reportedly advised IMG UK and Endeavor.

Filip & Company describes the Endeavor Group as “a global leader in the events, entertainment, sport, media, and fashion industries.”

The Tiriac Group currently encompasses more than 40 local private companies operating in the automotive, real e­­state, financial services, air transportation, and energy sectors, among others.

"Throughout one decade of legal assistance provided for the sports business of the Tiriac Group, I have learned that for each ball played on court there are myriads of mechanisms and relations that need to be continuously maintained running or in balance, or renewed and improved, or documented and amended," Managing Partner Cristina Filip commented. "The Mutua Madrid Open Tournament is a magnificent creation, the pinnacle of daring ideas and of an arduous, passionate, long-term effort, a truly elite event among the professional masculine and feminine tennis circuits of the highest international level."

The Filip & Company team was led by Filip and included Partners Eliza Baias and Catalin Suliman, Senior Associate Irina Suatean, and Associates Rares Crismaru, Daria Olteanu, Monica Popa, and Bogdan Farcane.

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). 

Firm's website.

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