ROMANIA Law and Practice Contributed by: Stan Tîrnoveanu, Alexandru Iorgulescu, Laura Retegan and Viorica Clima, Zamfirescu Racoți Vasile & Partners Attorneys At Law
Zamfirescu Racoți Vasile & Partners Attorneys At Law has 12 lawyers in its insolvency department, ac - tive mainly in banking litigation and debt recovery. The team notably acts for banks in insolvency pro - cedure cases, and for large companies involved in the recovery of receivables. It advises both debtors and creditors throughout the insolvency procedure, starting with out-of-court arrangements, pre-pack procedures, observation periods, reorganisation, and
bankruptcy. The team assists and/or represents the parties in specific claims and also in related actions, including objections to the decisions of the creditors’ meeting, measures ordered by judicial liquidators, annulment claims, objections to debt claims, liability claims submitted against former debtors’ administra - tors, and fraud matters. The team also has significant experience in debt recovery.
Authors
Stan Tîrnoveanu is a senior partner and one of the founders of Zamfirescu Racoți Vasile & Partners. He leads the restructuring and insolvency practice as well as the banking litigation practice. Stan has more than 40
Laura Retegan is a managing associate at Zamfirescu Racoți Vasile & Partners and has over 17 years of professional experience in litigation, focusing on civil litigation, commercial and banking disputes, reorganisation
years’ experience as a lawyer and over 25 years’ experience as an insolvency practitioner, with broad expertise in representing clients in insolvency and bankruptcy, debt recovery and dispute resolution matters. He acts for both creditors and debtors in the insolvency procedure and covers a wide array of financing and funding transactions, trade finance facilities, collateral systems and credit securities issues.
and insolvency. Her areas of expertise also include a wide range of disputes with professionals, in the field of civil or corporate law, disputes arising from enforcement procedures, contentious administrative procedures, as well as projects concerning referral to the Court of Justice of the European Union by the preliminary ruling procedure. Laura has a PhD in law from the faculty of law, Babeș-Bolyai University.
Viorica Clima is a senior associate at Zamfirescu Racoți Vasile & Partners. Her main area of practice is dispute resolution, in which she has over five years’ experience in both corporate and consumer disputes. She advises
Alexandru Iorgulescu is a partner at Zamfirescu Racoți Vasile & Partners who specialises in financial and banking law, bills-of-exchange law, insolvency and enforcement, and insurance law. He has more than 15
national and international companies on civil and commercial litigation, and offers expert advice on dispute matters related to insolvency, enforcement and debt collection. More recently, Viorica has focused on projects involving the recovery of non-performing loans for major international financial institutions, as well as the recovery of receivables for major clients in the real estate investment and development sector, in enforcement and insolvency proceedings.
years of experience in the insolvency field, taking part in a broad range of insolvency-related disputes while also providing support for both debtors and creditors in non-contentious and restructuring matters. Alexandru co-chairs the insurance law practice, representing the leading companies on the Romanian market in disputes revolving around high-value damages, completed by total or partial exoneration from the payment of indemnities.
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