News

PNSA shortlisted for Romania Law Firm of the Year at the Chambers Europe Awards 2021

January 31, 2021

We are delighted to announce that Popovici Nițu Stoica & Asociații has once again been nominated for the Romania Law Firm of the Year 2021 award granted by leading international legal directory Chambers & Partners.

PNSA shortlisted for Romania Law Firm of the Year at the Chambers Europe Awards 2021

The awards acknowledge the outstanding achievements of the law firms, as well as impressive strategic growth and excellence in client service.

Some of the high-profile transactions recently advised by PNSA include:

• Orange on the acquisition of a majority stake in Telekom Romania Communications.
• BRD Groupe Société Générale on its co-investment, along with Raiffeisen Bank and BCR, in CIT One, a company specialised in the transport, processing and storage of cash and other valuables.
• Oresa on the sale of Somaco, one of the leading precast concrete producers in Romania, to LafargeHolcim.
• Dedeman on the acquisition of The Office, in the largest office real estate transaction outside Bucharest of 2019.
• Burda Group on the sale of its business in Romania.
• Auchan on the takeover of the entire chain of OMV Petrom petrol filling stations in view of converting them into MyAuchan proximity stores and their further non-petrol retail operation.
• Warehouses De Pauw Romania on €150 million facilities granted by the Bank for European Reconstruction and Development for financing the development of sustainable certified green logistic centres in Romania.
• RI-GD Investments DAC on a €30 million financing granted to an agribusiness group.
• WDP on the acquisition of three major logistics parks in Romania: Aquila Logistics Centre - Cluj, Dunca Logistics Centre - Timiș and Craiova Logistics Centre - Dolj.
• Hexagon Group on the sale of three new high-quality class A office building projects in Cluj-Napoca, i.e. Advancity Business Center, Cube Office and Vivido Business Center.
• Estoria Group on the development and sale of a big-box retail facility, including a commercial gallery, to Leroy Merlin, Kaufland and Lidl.
• The Romanian Association of Construction Entrepreneurs (ARACO) and a number of large construction companies on the annulment of a decision issued by the National Public Procurement Agency on matters of contract price adjustment in public procurement and supply projects.
• CE Oltenia, as beneficiary, in the arbitral proceedings under ICC Rules initiated by the general contractor concerning a public procurement turnkey contract for the design, delivery, construction, assembly and commissioning of a joint plant for flue gas desulphurisation for two 150MW power groups of a power plant located in Romania.
• One of the largest Romanian investment funds on a string of disputes in the energy sector against the Romanian Energy Regulatory Authority, in connection with the annulment of various orders regarding regulated energy prices and quantities for electricity sold by producers on the basis of regulated contracts.
• Several subsidiaries of Enel on the annulment of various orders issued by the Romanian Energy Regulatory Authority that set the regulated rate of return applied for the approval of the tariffs for the electricity distribution service provided by the concessionaire distribution operators.
• Deutsche Leasing Romania on the successfully closed investigation conducted by the Competition Council on the financial leasing services market.

The Chambers Europe Awards 2021 will be held online on April 22, 2021.

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Popovici Nițu Stoica & Asociații is a leading Romanian independent law firm and has been at the forefront of the market since its incorporation in 1995.

Popovici Nițu Stoica & Asociații groups today more than 70 lawyers and counsels, including 15 partners, largely acknowledged as top-notch commercial law experts, by clients and peers.