RTPR | Radu Taracila Padurari Retevoescu SCA

Radu Taracila Padurari Retevoescu SCA (RTPR) is a leading Romanian law firm providing advice to major companies, financial institutions and entrepreneurs on the full range of legal issues and on their most challenging legal transactions and assignments.

We offer our clients a strong team which delivers a first-class service, providing pragmatic and commercially-oriented advice. RTPR has a team of more than 40 highly-skilled lawyers, including eight partners: Costin Tărăcilă, Victor Pădurari, Alexandru Retevoescu, Mihai Ristici, Valentin Berea, Roxana Ionescu, Alina Stăvaru and Cosmin Tilea, and benefits from the valuable insights and support of Prof Dr Lucian Mihai, of counsel. Together we manage the most sophisticated, demanding, sensitive and high-profile transactions.

The breadth and depth of our practice and our ability to offer a seamless, market-leading expertise gained us recognition at local and international level. In recent years we advised clients in landmark transactions in Romania and in the region.

We have the resources and the mindset to provide time sensitive, experienced and effective support to our clients’ precise and often complex needs. We are aware of clients’ challenges and strive to help them with business-oriented solutions that protect and capitalise on opportunities.

Main areas of practice
Antitrust/competition:

• Successfully represented Tymbark Maspex in an antitrust litigation in the context of the annulment of the fine imposed by the Competition Council in a high profile investigation on the food retail market
• Groupama Asigurari in a complex antitrust investigation concerning a potential exchange of commercially sensitive information among the insurance companies in Romania
• Electrica in court proceedings in the first ‘facilitator’ case in Romania to date in which the client was fined EUR2.3 million for allegedly facilitating a cartel between its meters suppliers
  Contact: Valentin Berea
  Tel: +40 31 405 7780
  Email: [email protected]
  Contact: Roxana Ionescu
  Tel: +40 31 405 7777
  Email: [email protected]

Banking and finance:

• Banca de Export Import a României (Eximbank) as the coordinating mandated lead arranger, and a syndicate of banks on the maturity extension of revolving facilities and modification of the syndicate structure under a secured term and multicurrency revolving facilities agreement granted to Alro, as borrower, as well as in relation to related security
• BNP Paribas, Crédit Agricole CIB, Credit Suisse, HSBC, Société Générale and UniCredit acting as Underwriters, Mandated Lead Arrangers and Bookrunners, Société Générale and Komerční banka acting as facility agent and security agent, respectively on the EUR1.150 billion financing of the CME acquisition, a media group which also includes ProTV, by PPF Group
• The syndicate of banks made up of ING Bank N.V. through ING Bank N.V. Amsterdam – Bucharest Branch, Banca Comerciala Romana, Raiffeisen Bank SA and UniCredit Bank SA in relation to an extended credit facility in amount of US$360m granted to KMG International group for covering the regular needs in the group activity
  Contact: Alexandru Retevoescu
  Tel: +40 31 405 7784
  Email: [email protected]
  Contact: Victor Padurari
  Tel: +40 31 405 7783
  Email: [email protected]

Capital markets:

• Barclays Bank PLC as arranger for Alpha Bank Romania on the first mortgage bonds issue programme in Romania with a value of EUR 1bn
• UniCredit Leasing Corporation on the bond issue aiming to attract EUR 300m on international markets
• Autonom Services, the most important independent player on the operational leasing and rent-a-car markets in Romania, on the first corporate bond offer programme established by a local issuer and respectively, on the private placement of the first tranche of corporate bonds issued under the offer programme through which Autonom attracted over EUR48 million funds
  Contact: Mihai Ristici
  Tel: +40 31 405 7785
  Email: [email protected]
  Contact: Victor Padurari
  Tel: +40 31 405 7783
  Email: [email protected]

Corporate and M&A:

• MidEuropa Partners on the EUR1.3 billion sale of Profi, in the largest transaction in the retail sector ever concluded in Romania
• Macquarie Infrastructure and Real Assets (MIRA) on the acquisition of a portfolio of power assets owned by CEZ Group in Romania, the largest M&A transaction in Romania in the previous 12 years
• Intesa Sanpaolo Bank on the signing of the acquisition of First Bank from the American private investment fund J.C. Flowers
  Contact: Costin Taracila
  Tel: +40 31 405 7782
  Email: [email protected]
  Contact: Mihai Ristici
  Tel: +40 31 405 7785
  Email: [email protected]

Employment:

• One of the biggest employers in Romania on a group reorganisation, one of the biggest restructuring processes in the country, involving, inter alia, transfer of business arrangements, consultations and negotiations with trade unions, preparation of collective dismissals for hundreds of employees, handling challenges by various employees of the restructuring process, data protection, IP, corporate and real estate matters etc.
• Worldpay on the employment implications (including transfer of employees) of their build, operate and transfer venture with Endava for the development of a software development centre in Romania
• An international insurance company on the contemplated European reorganisation exercise which was performed in the context of the Brexit, including the smooth transfer of Romanian employees to the newly established branches of the company outside of the United Kingdom
  Contact: Alina Stavaru
  Tel: +40 31 405 7777
  Email: [email protected]

Energy:

• ENGIE Romania on the acquisition of an operational wind farm with a capacity of 80MW
• Macquarie Asset Management (MAM) on the sale of CEZ Vanzare to Premier Energy PLC, owned by the Czech private equity fund, Emma Capital
• Macquarie Infrastructure and Real Assets (MIRA) on the attempted acquisition of a majority stake in the Romanian businesses of Enel, including its large portfolio of renewable (wind and solar) energy production facilities in Romania
  Contact: Victor Padurari
  Tel: +40 31 405 7783
  Email: [email protected]

Intellectual property:

• Successfully represented the most important Hollywood studios, including Paramount Pictures Corporation, Sony Pictures Entertainment Inc., Twentieth Century Fox Film Corporation, Universal City Studios Productions LLLP, Walt Disney Studios Motion Pictures, and Warner Bros. Entertainment Inc., in the first site blocking case which has ever been tried in CEE, by suing internet service providers with the aim of blocking pirate movies websites
• British American Tobacco on a patent infringement case in relation to electronic cigarettes
• Deroni Ltd., a large international food products producer, in a series of IP disputes for the protection of its trademark ‘Deroni’ in Romania against an important competitor
  Contact: Professor Lucian Mihai
  Tel: +40 31 405 7781
  Email: [email protected]
  Contact: Valentin Berea
  Tel: +40 31 405 7780
  Email: [email protected]

Litigation, arbitration and alternative dispute resolution:

• Successfully represented Electrica in a EUR800 million litigation case against the Romanian Management Company for Ownership in Energy (SAPE) for alleged breaches of the post-privatisation monitoring obligations regarding former distribution subsidiaries of Electrica
• Successfully represented SDEE Transilvania Nord (Electrica group) in front of the Bucharest Court of Appeal in a high profile dispute initiated by RCS-RDS, the largest Romanian telecom services provider, that intended to enter the electricity distribution market and was hence challenging through a series of high stakes administrative cases our client’s electricity distribution natural monopoly
• Successfully represented RBS Bank in an ICC arbitration held in Vienna, in relation to a contractual dispute
  Contact: Valentin Berea
  Tel: +40 31 405 7780
  Email: [email protected]
  Contact: Professor Lucian Mihai
  Tel: +40 31 405 7781
  Email: [email protected]

Real estate:

• Oresa on the acquisition of logistics and industrial park Solo Iasi from Tester Group
• Prime Kapital on the sale of a real estate portfolio consisting of nine retail centres to MAS Real Estate
• ING Tech, the global software development hub of the ING group, on the lease of an office space with an area of 13,000 sqm for the new headquarters of the company
  Contact: Alexandru Retevoescu
  Tel:+40 31 405 7784
  Email: [email protected]

Restructuring and insolvency:

• Trenkwalder in relation to the financial distress underwent by the Romanian subsidiary and the alternatives available to the company in order to address such financial distress
• Banca Comerciala Romana in the complex acquisition financing by Somaco Antrepriza (which is in its turn an investment of the Swedish investment fund Oresa Ventures), of the business of Europrefabricate (a company in insolvency). The matter involved complex issues combining the financing, acquisition and insolvency areas
• RBS Bank, Citibank, ING Bank, Piraeus Bank on the restructuring of a syndicated credit facility and ancillary bilateral credit facilities granted to the companies within International Railway Systems group and on subsequent insolvency proceedings of the latter
  Contact: Alexandru Retevoescu
  Tel: +40 31 405 7784
  Email: [email protected]