Bucharest - 17 februarie 2009
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The business law firm Bulboacă & Asociaţii has promoted two of its Senior Associates - Iulia Toth and Cosmin Stavaru - in positions of Partners, reaching to a firm’s management team of six persons. Starting with the 1st of January 2009, the two have joined the other four partners - Adrian - Cătălin Bulboacă, Managing Partner, Corina G. Ionescu, Valentin Berea and Bogdan George Bibicu.
“The promotions were made based on the excellent results that the firm recorded last year, the significant experience of the two partners in key areas regarding the long term projects of the firm, as well as the way in which these have acquired the firm’s perspective and the concept of team work. Our strategy is to make promotions at the beginning of every year, based on the performances of the last 12 months. Certainly, we also shall continue the promoting policy at the beginning of 2010, using the same criteria.”, stated Adrian Bulboacă, the Managing Partner of Bulboacă & Asociaţii.
Iulia Toth, Partner, is specialized in corporate, labour law and environment law.
She has worked at the local office of the international law firm Linklaters until 31st of December 2006, in the position of Associate. Iulia speaks fluently English and has coordinated, among others, the transaction through which the major participation within the distributor of products and mobile telecommunication services Proton Technologies was sold to Vodafone România S.A.
Cosmin Stăvaru, Partner, has an important experience in corporate, energy and insurances. He has also worked within Linklaters until 31st of December 2006, in the position of Associate and speaks fluently English and French. Cosmin has coordinated, among others, the transaction concluded between the largest producer and transporter of electricity from Austria, Verbund and a local wind power developer.
The above mentioned areas, covered by the two partners, are strategic for the development of the law firm in the next period, representing at the same time, one of the most important stake of the business law market in the international economic context.
“Although the market of acquisitions and mergers is estimated to suffer a great fall in the near future, we consider that a series of strategic transactions shall take place, especially in the context in which the local entrepreneurs will have to attract strategic investors, as a mean of insuring their business’ development”, added Adrian Bulboacă.
At the same time, the firm has reached and even exceeded its objectives in what it concerns the turnover afferent to last year, registering an 85% advance, with 35% over the estimations, up to the EUR 3 million level. Regarding the staff, the law firm has also reached its purposes, the team now counts 25 attorneys and an administrative personnel of 15 people.
The law firm has also extended its office area once with the growth of the team, renting a large space of 1000 square meters, within the Millenium Business Center.
The year 2008, the second one of the company’s activity, has brought in its portfolio important transactions and clients, which have joined the ones existent. Among the most important activities of the firm in 2008 there are:
· Representing the Romanian State concerning the issuing of Eurobonds in amount of EUR 750 million
· Legal assistance to Schroders Investment Management Limited in establishing the strategy of Fondul Proprietatea S.A. for the selection of the management fund of its assets, estimated at EUR 4 billion.
· Legal assistance for a wind power project developer in its transactions with ARP Verbund
· Legal assistance to Proton Technologies in the sale of a majority participation to Vodafone România S.A.
· Legal assistance to the company OTP Hungary regarding the sale of the insurance division to French company Groupama, representing an USD 897,2 million transaction.
We can find Bulboacă & Asociaţii in the most prestigious European yearbook of law firms among the top players on the Romanian market of business law market.
In the 2008 editions as well as the 2009 ones of International Financial Law Review, Chambers & Partners Global, Chambers & Partners Europe or The Legal 500 we can find Bulboacă & Asociaţii among the most important law firms in Romania regarding the areas of Mergers & Acquisitions, Banking, Litigations, Project Finance. Also, Bulboacă & Asociaţii attorneys are considered to be among the best practicians of the analyzed areas by the respective publications.
For further details please contact:
Raluca Stăvaru
Head of Business Services
Bulboaca & Asociatii SCA
Direct Line: (40-21) 408 8906
Switchboard: (40-21) 408 8900
Fax: (40-21) 408 8911
Email: raluca.stavaru@bulboaca.com
Website: www.bulboaca.com
Millennium Business Center, 9th floor, 2
http://www.bulboaca.com
Cuvinte cheie:
law Bulboacă & Asociaţii