We ensured the position of a Client (a group of companies), respectively in case of nonfulfillment of the obligations assumed by the shareholder. The Client can enforce the penal clause stipulated into the shares purchase agreement (SPA). It was a complex case that involved the ability to adapt the contractual clauses to the Client interests.
We ensured the position of the Client respectively in case of nonfulfillment of the obligations assumed by the other shareholders, the Client could enforce the mortgage over the shares.
We gave day to day consultancy in business operations in the Romanian market for our Clients, consisting in legal opinions regarding the interpretation of the Romanian legislation, drafting mortgage agreements, taking over of debt contracts, shareholders loans with Romanian companies, shareholders agreements and a diverse range of legal matters regarding voting rights, noncompliance of the shareholders obligations, modifications of corporate documents and more.
We ensured the client’s position in the negotiations and provided the client with a clear picture of what are the risks the company has to assume and what are the legal consequences of the acts taken from an assignment agreement.
We had an innovative and very complex M&A transaction, a transfer of business between two major companies having assets as warehouses, lands, industrial machinery and much more and we have successfully advised our client for fulfilling his interests in the transaction, having a clear transaction for both parties.
We restructured a major credit facility and we succeeded to pay a part of it during the reorganization period and the rest of the credit was rescheduled after the company was reintegrated into the economic circuit. We assisted and represented the client in the Insolvency and restructuring procedure in front of the Romanian Court.
On our litigation department we recouped high amount of debts for our clients, having as result the continuation of their operations in Romania.
We assist and represented our clients in Insolvency and Restructuring procedures, we negotiated with Banks, succeeded to reduce the claims of the unsecured creditors and we advised in drafting reorganizations plan.
We represented a leasing company in the enforcements procedures towards its debtors.
We represented a client in a case having as object cancellation of the abusive enforcement procedures started by a leasing company and recouped the vehicles and machinery abusively taken back by the leasing company.
We successfully assisted and represented a major company in Romania, in a litigation case against another Romanian company having as object judiciary seizure of industrial machinery.
We successfully assisted and represented a major company in Romania, in a litigation case filled by another company, having as object forcing the client to sign an association in participation contract for a project. The Firm’s role was to reject the ungrounded claim against the client and succeeded, obtaining favourable court sentences in front of all degree courts.
We successfully assisted and represented a former director of a major privatized manufacturer in Romania, in a court file having as object pecuniary claims.
We successfully assisted and represented a leading Romanian Real Estate Developer in several dispute resolutions having as object retroactive termination of the preliminary purchase and sell contracts, in order to reject the retroactive termination of the preliminary purchase and sell contracts.