Biriş Goran was ranked from the very beginning by prestigious international publications as one of the top law firms in Romania for the quality of legal work, pragmatic work and solid understanding of the legal environment.
Chambers Europe rankings
Tax, Band 1
Clients are unanimous in their praise of this tax team’s wide-ranging skills and exemplary service. The group is particularly highly regarded for its tax advice and litigation provided to clients in the real estate sector. It has, however, consistently diversified its practice to assist companies in the retail, energy and financial services industries. Its client list features Adama, Upground Estates and Marfin Leasing among others.
Gabriel Biriş is identified as the leading name at the firm and recognised for his deep commitment to tax matters. Sources say he manages to ‘combine creativity with grounded and practical advice’.
Tax adviser Ruxandra Jianu also receives praise for her straightforward tax expertise.
Real Estate, Band 2
This outfit is well known for its first-rate tax practice, however, it also features an active real estate group which is frequently instructed on a diverse range of mandates. Highlights for the team include advising the sellers of Upground Estates on the sale of a real estate development to RREEF, and acting for two US forestry funds, including Four Winds Capital Management, regarding forestry acquisitions in Romania. Sources say the 12-lawyer team is ‘responsible and provides cost-effective advice’.
Victor Constantinescu is the leading name at the practice, where he advises institutional funds on real estate investments and handles real estate joint ventures.
Competition/Antitrust, Band 3
This compact four-lawyer department continues to attract competition work from several high-profile clients. It advised Procter&Gamble on a fast-moving consumer goods industry-wide investigation, and acted for Holcim on the merger control aspects of a joint venture with two of its competitors.
The well-known Gelu Goran is the leading name at the practice and counts UniCredit, Siemens and JT International among his clients.
Corporate/M&A, Band 4
Interviewees say this team of seven is particularly visible in real estate M&A, and also ‘highly impressive’ in tax, including M&A-related tax structuring. Highlights include advising the seller of Upground real estate development to RREEF and EFG for EUR 340 million, and acting for a group of European investors on the sale of an office building in Bucharest for EUR 40 million.
Daniel Vişoiu is the key contact for the practice.
Legal 500 rankings
Corporate and M&A, third tier
Renowned as the ‘go to’ tax firm in the Romania market, Biriş Goran SCA’s corporate clients are impressed with ‘quick response times, clearly expressed, detailed legal opinions and a practical, commercial approach’. Dan Vişoiu heads a team of three partners and eight assistants in a practice built on excellent real estate expertise. The team acted as lead counsel regarding the corporate restructuring and merger of EU-based group companies holding real estate worth more than €250m. It also advised the vendor in the sale of a real estate development to RREEF and EFG Bank at €340m and reported as the largest real estate transaction in Romania to date. On the M&A side, the firm is representing Publicis Groupe in various ongoing acquisitions in Romania.
Real Estate and Construction, third tier
Biriş Goran SCA provides clients with ‘detailed legal opinions and a practical commercial approach in helping to assess risks’. The firm, which is well known for its expertise in tax, is particularly strong in financing and funds work. It advised Sparkassen Immobilien on a €32m real estate refinancing of Notel Novotel in downtown Bucharest, as well as successfully assisting the sellers in the closing of a forward sale of an office building in the Sema Parc complex real estate investment fund Europolis, for approximately €110m. Victor Constantinescu and Raluca Năstase are co-leaders of the group; clients say they are ‘very capable and easy to deal with’.