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For us, 2023 was a stable year, with constant and varied activity in the real estate field, despite the less favorable context, characterized by high inflation, geopolitical instability and the impact on the economy. Our team has successfully completed several transactions, “pure” real-estate and especially transactions with a predominant M&A component. We were happy to notice a series of projects with 100% Romanian capital, initiated in 2023 and completed in the same year, targeting especially companies that have expanded and diversified their portfolio.

In the context of mergers & acquisitions (M&A), Intellectual Property (IP) plays an extremely important role in assessing the value and risks associated with the target company.

Dentons, Binder Groesswang, and Djingov Gouginski Kyutchukov & Velichkov have advised UniCredit Bulbank and the EBRD on the financing for Enery Development's construction and operation of a large-scale solar plant in north-eastern Bulgaria set to add 112.5 megawatts of solar power generation to the country's electricity system. Schoenherr reportedly advised Enery Development.

As background, in December 2022, the EU Council adopted the policy programme ‘Path to the Digital Decade’, aiming to facilitate a seamless transition to digital transformation by 2030, aligning with EU values. This program sets specific digital targets for EU countries to achieve by 2030, including the development of national trajectories and strategic roadmaps to enhance digital infrastructure's security, accessibility, and sustainability. Notably, a key focus area of the EU digital strategy is digital services.

Radu Taracila Padurari Retevoescu has advised the Morphosis Capital private equity fund and a group of co-investors from Belgium on the acquisition of a majority stake in the Mark Twain International School. Popovici Nitu Stoica & Asociatii advised the Mark Twain International School.

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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