Restructuring and insolvency

Wolf Theiss

Lauded for its ‘ability to collaborate seamlessly across various practice areas’, the restructuring and insolvency team at Wolf Theiss is a strong choice for companies with operations across the CEE region. The group is particularly strong in insolvency litigation, administration procedures and directors’ personal liability. Ileana Glodeanu, corporate and M&A lead at the Bucharest office, co-heads this practice alongside Andreea Zvâc, who was raised to the partnership in September 2024 and is a noted litigator and public procurement expert. Cornelia Postelnicu and Gabriela Pătrăşcan are both heavily involved in the practice and praised by clients.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

‘I have had the pleasure of collaborating with the insolvency team from Wolf Theiss on several insolvency matters. I appreciated their responsiveness and dedication to the cases. The team's friendly approach combined with their professional expertise has made navigating complex cases much more manageable.'
'The practice stands out for its focus on personalised service that align with clients’ business goals.’
‘I worked with Gabriela Patrascan on several insolvency cases and liability claims, and she truly sets herself apart from competitors. Her meticulous attention to detail ensures that every aspect of a case is thoroughly analysed, which is crucial in the complex landscape of insolvency. Her deep understanding of business dynamics allows her to craft effective strategies tailored to each situation, while her genuine commitment to protecting her clients' needs ensures they always feel supported and prioritised.’
‘I recently had the pleasure of working with the restructuring and insolvency practice at Wolf Theiss, and I can confidently say they exceeded our expectations at every turn.'
'One standout feature of the Wolf Theiss team is their ability to collaborate seamlessly across various practice areas. The coordinated efforts between various teams and provided us with comprehensive solutions that addressed all aspects of the matter.’
‘We had a great collaboration with Andreea Zvac and Cornelia Postelnicu.'
'Andreea Zvac has a comprehensive knowledge, global perspective, industry specialisation, and client-focused approach. Her ability to handle intricate mandates is a clear asset to clients seeking top-tier legal services in the field. They are not bound by conventional thinking and are known for offering innovative solutions to complex challenges, which often sets them apart in the field.'
'Cornelia Postlenicu has a rare combination of excellent legal understanding and focus on achieving the commercial objectives of the project. She is also able to manage all the other resources/disciplines in a complex project, in an efficient way. A truly senior lawyer: very reliable, structured and always on time.’

Key clients

AOT Energy
Bunge
DenizBank
Energreen Investment Europe
GE Jenbacher
Junik
Knorr-Bremse
Marini Fayat Group
Teren Operations
Toros-Agroport Romania

Work highlights

Advising AOT Energy Switzerland AG and its Romanian subsidiary on all steps of the insolvency proceedings of its debtor.
Representing Bunge Romania SRL in a number of cases related to the recovery of receivables from client's suppliers of raw materials, which failed to deliver such materials.
Advising Teren Operations on the bankruptcy proceedings and further liquidation of the company, following the international bankruptcy process of this retailer.