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Vernon David, Schoenherr, and Filip & Company Advise on Victoriabank Acquisition of BCR’s Chisinau Subsidiary

Vernon David, Schoenherr, and Filip & Company Advise on Victoriabank Acquisition of BCR’s Chisinau Subsidiary

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Vernon David and Filip & Company have advised Moldova's Victoriabank on its acquisition of the Chisinau subsidiary of Banca Comerciala Romana. Schoenherr advised the seller.

Closing is expected in the second half of 2023, pending regulatory approval.

Established in 1989, Victoriabank is a Moldovan commercial bank. Its main shareholders include Romania's Banca Transilvania and the European Bank for Reconstruction and Development.

According to Schoenherr, BCR Chisinau has over 13,000 active clients, 110 employees, and four branches – two in Chisinau, one in Cahul, and one in Balti.

Erste Group member BCR has one of the larger banking networks in Romania: 19 business centers, 17 mobile offices dedicated to companies, and 430 retail units across the country. 

The Vernon David team was led by Chisinau-based Partners Roman Ivanov and Sergiu Bivol and included Senior Associate Nadejda Ciubotaru and Associates Adelina Braga and Mihai Silta.

The Schoenherr team included Romania-based Partners Matei Florea and Madalina Neagu and Senior Attorney-at-Law Alexandra Pop, as well as Moldova-based Office Managing Partner Vladimir Iurkovski, Attorney-at-Law Andrian Guzun, and Associates Denis Lefter and Adriana Otean.

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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