Romanian Law firm, PavelMărgărit & Associates, advised Vast Resources PLC, an UK, London based AIM-listed mining company with operating mines in several countries, on acquiring 49,9 % of Sinarom Mining Group a Romanian limited liability company, from the Chinese businessman Ni Jinming.
The acquisition project was coordinated by Attorney at law PhDc. Radu Cătălin Pavel, Managing Partner of Pavel, Mărgărit& Associates, who supervised the team of three Senior Attorneys at law from the Corporate,Commercial, Mergers and Acquisitions Department of the law firm.

„This was a very complex project, taking into consideration the diversity of commercial and legal business relations of the company acquired by the London based company. Our role was to protect Vast Resources PLC legal interests in this transaction and to prevent any potential risks that might endanger the buyer in the future. Taking into account that Vast Resources PLC and the seller, Mr. Ni Jinming, were shareholders in the Romanian company for almost two years, the sale and purchase agreement underlined all the agreements between parties concerning Ni Jinming’s exit from the company and from the Board of Directors”, said Attorney at law Phdc. Pavel Cătălin Radu.

Pavel, Mărgărit& Associates was the only law firm who advised the investor Vast Resources PLC on the acquisition of the minority stake owned by the Chinese businessman.
„This transaction was a challenge for us, we have covered any potential contractual future risks for the British investor and legally prevented them by inserting special clauses in the sell and purchase agreement. We secured Vast Resources PLC contractual position by inserting rights and obligations for both seller and buyer, by inserting sanctions in case of failure to perform with the obligations and also by inserting penal clauses, to protect our client’s rights. This might seem standard clauses, involved in any M&A transaction,compared to similar cases we studied and to ones where we advised, some acquisition transactionsare atypical, our role in this kind of transactionsis was to legally secure the transaction”, said the Managing Partner, Attorney at Law Radu Cătălin Pavel.

Through the acquisition, Vast Resources PLC took full control over Sinarom Mining Group SRL and over the Manaila Polymetallic Mine in Romania.
Vast Resources is operating more exploitation mines in România and Zimbabwe. The value of the transaction was over one million US dollars.

Pavel, Margarit& Associates is a Romanian law firm with alarge expertise in Mergers and Acquisitions sector and the firm aims to be one of the most respected and key law firms in Romania. The firm provide legal advice to corporate clients, locally and international clients and individuals. The team of lawyers has a high standard of academic education, a long standing expertise in dealing with with complex projects and cases. The firm is client centered, detail oriented, immediately responsive to client request and having a high capacity of tailoring the advice with each and every client.

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Pavel, Mărgărit and Associates was recommended as a top tier Romanian law firm in London, Uk in the 2017 edition of The Legal 500 Europe, Middle East and Africa, the world’s most prestigious law firm ranking guide. Pavel, Margarit and Associates was ranked by Legal 500 on the second place in Romania in a table that reunites law firms with the most relevant experience in Restructuring and Insolvency area of practice. In the same guide, Pavel, Mărgărit and Associates ranks fourth place in a ranking table including local law firms activating in Real estate and Constructions area of practice, and on fifth position in the ranking table including law firms activating in Corporate, Commercial and Mergers and Acquisition area of practice.

Pavel, Mărgărit&Associates, a full service law firm in Bucharest, was also ranked by IFLR 1000 Financial and Corporate guide 2017, in UK London, one of the most prestigious publications in the financial law area of practice in the entire world, which reunites law firms with expertise in Financial and Corporate area from more than 120 jurisdictions.

Pavel, Mărgărit & Associates is also the only Romanian law firm recommended by the international director Global Law Experts, London based,in Dispute Resolution area of practice.

For further informations
PR: RalucaFlorescu, tel. 0721.26.27.95