Ţurcan & Ţurcan Law Firm signed a cooperation agreement
Chişinău, Republic of Moldova, 20th of September, 2010: Ţurcan & Ţurcan announced today that it signed a cooperation agreement with Ţuca Zbârcea & Asociaţii – a major player in the Romanian legal services market.
Ţurcan & Ţurcan will cooperate with Ţuca Zbârcea & Asociaţii law firm under a "best friends relationship”. The firms will be able to provide customized consultancy services to a significant segment of the business environment in the Republic of Moldova and Romania, benefiting both the investors with strong local presence and those interested in developing trade relations with the Republic of Moldova or Romania.
According to Alexandru Ţurcan, Managing Partner of Ţurcan & Ţurcan: “Our alliance is a natural development, in line with the ascending trend in foreign investments via and from Romania to the Republic of Moldova. It also reflects the excellent professional and close friendship ties that we have developed not only between our firms, but also between the co-founding partners – all of them having been tested in various challenges for more than a decade now. For me and my colleagues, the success, performance and talent of Ţuca Zbârcea & Asociaţii legal team are a role model and a source of professional inspiration. We have big hopes for this cooperation and we are convinced that the outcome will be recognized and appreciated really soon by the business community on both sides of the Prut River.”
According to Ţuca Zbârcea & Asociaţii’s representatives, the cooperation comes after more than five years in which the firm has evaluated and carefully analyzed the Moldovan market and the Moldovan available business opportunities: "We believe that the Republic of Moldova has a high potential for development and investment in various areas ranging from banking and finance to infrastructure, energy and telecommunications. Further to our association with Ţurcan & Ţurcan, our potential clients will benefit from the highest standard of legal services, while also being kept fully informed on the most important legislative aspects governing the local investment climate. More so, we want to encourage and consolidate much stronger relationships between Romania and the Republic of Moldova”, said Gabriel Zbârcea, Managing Partner at Ţuca Zbârcea & Asociaţii.
The active presence of Ţurcan & Ţurcan in the economic arena of the CIS region, acting in various alliances with the leaders of the law market in most of the post-Soviet States, and the services provided by Ţuca Zbârcea & Asociaţii are an opportunity to step into a new area of development and assist the Romanian businessmen that have an interest in expanding their businesses to Russia, Ukraine, Kazakhstan, Georgia and other economic areas that present a higher risk, but also a maximized business potential.
“The business market in the Republic of Moldova grows ever more mature. This trend is also revealed by the enhanced complexity in the transactions that took place over the past years. We are happy to begin a formal cooperation with Ţuca Zbârcea & Asociaţii, and we are confident that our clients will enjoy the advantages of our cooperation on the projects they entrust us” added Octavian Cazac, Partner of Ţurcan & Ţurcan.
By the cooperation agreement concluded with Ţuca Zbârcea & Asociaţii, Ţurcan & Ţurcan has the opportunity to assist a wider segment of potential investors on the Moldavian market, and is expanding its range of services, thus offering the same standard of quality services to its regular clients.
“We wanted to cooperate with a local legal team that has earned its reputation, which is known and appreciated in the CIS region, but nevertheless young, dynamic, innovative and willing to take on new challenges. We have found all those attributes in the excellent professional abilities that the team of lawyers led by our friend Alexandru Ţurcan proved to have. The reputation, the fact that they are the leaders of business law market in the Republic of Moldova, along with the many recognitions and distinctions earned both on an international and on a regional level can only confirm the excellent quality of the legal services they provide, and at the same time enhance our wish to cooperate with them on complex projects in the near future”, declared Florentin Ţuca, Managing Partner at Ţuca Zbârcea & Asociaţii.
Ţurcan & Ţurcan and Ţuca Zbârcea & Asociaţii representatives made public their decision to actively support the business community from both countries by organizing a series of business events and facilitating different networking opportunities. The first event of this series will take place in the fall of 2010.
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About Ţurcan & Ţurcan:
Ţurcan & Ţurcan is the leader of business law firms in the Republic of Moldova. With a team of 10 lawyers, the firm provides legal assistance in Corporate and Commercial Law, Mergers & Acquisitions/Privatizations, Financial-Banking Law, Energy & Telecommunications, Dispute Resolution, etc. For the last 10 years, the firm has been constantly ranked as a top business law firm in the Republic of Moldova in the classifications issued by the prestigious Chambers Global/Europe Legal 500, IFLR 1000, PLC Which Lawyer?, Best Lawyers, Who’s Who Legal. The firm initiated “best friends relationships” with the independent leaders of law markets in Armenia, Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, the Russian Federation, Turkmenistan, Ukraine and Uzbekistan. In 2010, Ţurcan & Ţurcan reached the top 10 of CIS law firms according to the number of lawyers recommended in various sectors by Who’s Who Legal CIS 2010.
Some of the most important clients of the firm are as follows: the European Bank for Reconstruction and Development (EBRD), the International Financial Corporation, Black Sea Trade and Development Bank (BSTDB), Overseas Private Investment Corporation (OPIC), Credit Swiss International, BNP Paribas, Mobiasbanca-Groupe Société Générale, Eximbank-Gruppo Veneto Banca, Procter & Gamble, Kraft Foods, Philip Morris, McDonalds Corporation, Nokia Corporation, Nokia Siemens Networks, GlaxoSmithKline, Lactalis Groupe, Mary Kay Cosmetics, Alfred Kärcher GmbH & Co. KG, KWS SAAT AG, a.s.o.
About Ţuca Zbârcea & Asociaţii:
With a team comprising 80 lawyers in the Bucharest office, Ţuca Zbârcea & Asociaţii is the sole Romanian independent law firm with a representative office in Spain. The firm opened a secondary office in Cluj-Napoca, one of Romania’s largest cities, in association with a reputed local law firm – Nistorescu, Şomlea & Asociaţii and enjoys excellent partnerships with various law offices throughout the country. Ţuca Zbârcea & Asociaţii offers the whole range of legal services, being recommended by prestigious specialized international directories in areas of practice such as: corporate & commercial; mergers, acquisitions & privatization; litigation & international arbitration; energy & natural resources; banking & finance etc.
With revenues of 22.7 million Euros in 2009, up from 18.6 million Euros in 2008, according to various local and international media reports, Ţuca Zbârcea & Asociaţii has registered the best financial performances in România.
Ţuca Zbârcea & Asociaţii has garnered a string of local, regional and international accolades, having been named the “Most Innovative Continental European Law Firm” in the Financial Times’ Innovative Lawyers Report 2009 and recognized as the “Law Firm of the Year” for the past four consecutive years. It has also recently received Chambers’ Europe most prestigious award for excellence – the “Law Firm of the Year Award” (Chambers Europe Awards for Excellence 2010), for the firms’ notable achievements in 2009, including outstanding work, impressive strategic growth and excellence in client service. Ţuca Zbârcea & Asociaţii’s client portfolio comprises leading international companies, prominent multinational corporations, financial institutions, as well as `Fortune 500` category companies. The firm also works closely with government, local public authorities and governmental bodies and has established good contacts with national regulators from many fields. A selective list of clients includes: Erste Bank / The Romanian Commercial Bank (BCR), OMV Petrom, CEZ, Rompetrol, ArcelorMittal, Carrefour, Romtelecom, Orkla Foods, Colgate-Palmolive, GED Capital Development, Cadbury, Bucharest Stock Exchange, BRD-Groupe Société Générale, European Bank for Reconstruction and Development (EBRD), Philip Morris, Alstom Transport, Siemens, Ericsson Telecommunications Romania, ING Real Estate, etc.
For additional information, please contact:
Bucharest Chisinau
Alina Pintică
PR & Marketing Executive
Ţuca Zbârcea & Asociaţii
Phone: (021) 204 88 90
Mobile: 0723 526 389
E-mail: alina.pintica@tuca.ro
Elena Munteanu
Office Manager
Turcan & Turcan Law Firm
Phone: (373 22) 21 20 31
Mobile: (373) 6826 6255
E-mail: elena.munteanu@turcanlaw.md
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