MOLDOVA Law and Practice Contributed by: Oleg Efrim, Gicu Bloșenco and Mihail Pitușcan, Efrim, Roșca and Associates
Efrim, Roșca and Associates (ERA) is known for its expertise in corporate, transactional, competition and regulatory law, advising leading firms in highly regulated and dynamic industries. Its clients include top companies in banking, insurance, ICT, tobacco, automotive and retail, as well as major public sector organisations such as the Government of the Repub- lic of Moldova, the National Financial Market Com- mission and Moldova IT Park. The ERA team excels in drafting legislative acts and contracts, providing accurate and tailored documentation that empha-
sises clarity. The firm is recognised for handling com- plex cases involving detailed analysis and innovative approaches, supported by advanced legal reasoning and a thorough understanding of the business land- scape. Its expertise in competition and administrative law combines extensive knowledge – from European law to local regulations – with a practical, results- oriented approach. Clients trust ERA to offer sector- specific legal advice that provides accuracy, insights and effective results.
Authors
Oleg Efrim is the managing partner at ERA and a leading expert in M&A and corporate and commercial law, advising on complex transactions in regulated sectors such as banking and insurance. As Minister of Justice
Mihail Pitușcan is a valued member of ERA’s corporate and commercial team, with extensive experience in M&A, contract law and corporate governance. He actively contributes to transactional and advisory projects,
(2011–2015), he led the modernisation of Moldova’s Civil Code, creating one of the most advanced civil law systems in the region. In private practice, he has played an active role in key reforms to align corporate law with EU standards, including the overhaul of the Law on Limited Liability Companies. Oleg combines strategic policy knowledge with strong transactional skills, and teaches at Moldova State University.
focusing on designing and implementing corporate structures, shareholder agreements and board procedures. Mihail regularly advises clients on company formation, shareholder representation and compliance with legal requirements. He also supports legal due diligence efforts, paying special attention to corporate records, contractual adherence and governance risks. His work blends technical accuracy with a practical approach, helping clients navigate complex corporate issues with clarity and confidence.
Gicu Bloșenco is a trusted adviser within ERA’s corporate and commercial division, providing pragmatic, solutions-focused guidance on topics like corporate governance, regulatory compliance
and complex transactions. He supports both domestic and international clients throughout all phases of their corporate activities, from formation and structuring to establishing shareholder and management frameworks. With a strong passion for international commercial arbitration, Gicu has mentored the Moldova State University team in previous Moot Court competitions and continues to back young lawyers, serving as a mentor in the 2024–2025 National Competition of Legal Writing and Advocacy.
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