Banking & Finance

Our lawyers are familiar with

a broad range of transaction types with particular areas of expertise including acquisition finance, real estate finance and project finance.

By acting for both lenders and borrowers in transactions ranging from bilateral credit agreements to complex multifacility and multicurrency syndicated financings, our clients benefit from our in-depth know-how and results oriented approach.

Our team is also specialized in financing through bonds issuance, an alternative method of financing which is rather undeveloped in Romania as compared to other jurisdictions.

The finance team comprises five lawyers who work on a regular basis with other members of BirișGoran’s real estate, mergers & acquisitions, restructuring and tax teams to best address each client’s specific needs. We believe in an interdisciplinary team approach to meeting a client’s transactional and advisory needs. Lawyers within the finance team have handled complex deals throughout their careers. This experience enables them to provide efficient and cost-effective advice to clients for their major financings’ transactions executed under significant time pressures as well as mid-market-sized transactions. Real estate finance is a leading practice area of the finance team, and lawyers within the finance team have advised on many high-profile real estate finance transactions in Romania. Working closely with the real estate and tax teams, team members have acquired substantial experience in structuring complex financings for the acquisition of real estate assets and portfolios as well as for construction of residential, offices and shopping malls projects. Lawyers within the finance team also have an established record of advising on a broad range of acquisition finance transactions and related aspects, including LBOs, compliance with the prohibition of financial assistance and structuring of security packages and have drafted and negotiated project documentation as well as financing documentation and have advised banks, international financial institutions and sponsors in public infrastructure and manufacturing facilities in Romania.

Recent mandates include:

Romtec Austria SRL
Romtec Austria SRL
Assistance regarding the complex financing of Romtec Austria SRL (a local manufacturer and seller of car maintenance liquids), with Exim Bank (a specialized financial institution that is actively involved in supporting and promoting the Romanian business environment), of five investment and credit line facilities;
A major cogeneration power plant
A major cogeneration power plant
Acted as Romanian counsel for the refinancing of a major cogeneration power plant in a complex transaction involving advice on the negotiation and signing of the refinancing package documentation of a EUR 60 million loan concluded with Raiffeisen Bank including complex security agreements, as well as assistance on closing and various post-closing matters;
River Development
River Development
Assisted River Development, a highly regarded local real estate developer, for the financing of premier office real estate financing by OTP and Raiffeisen;
Hagag Development Europe
Hagag Development Europe
Assisted Hagag Development Europe, a major Israeli developer, in the negotiation and signing of loan and security documentation for financing top real estate office and residential properties in Bucharest with Israeli lenders and Libra Bank;
Hagag Development Europe
Hagag Development Europe
Assisted Hagag Development Europe, affiliate of the leading Israeli developer Hagag with all Romanian law aspects concerning several bond issuances on the Israeli capital markets;
Zeus International
Zeus International
Assisting Zeus International, a Greek-based regional hospitality management and restructuring company, in its expansion by means of securing a loan facility from the Wyndham Group for funding and operating of a new top hotel in Greece;
A leading real estate developer
A leading real estate developer
Assisted a leading real estate developer in the restructuring of its EUR 52 million debt acquired by a global private investment firm from Alpha Bank, for the purpose of settling the insolvency debt with the purchased receivables. We structured the acquisition and then assisted our client on all aspects of the financing of this debt acquisition, including the loan and the collateral agreements, and then on tax, regulatory and insolvency matters, as well as with the documentation package for the development of the properties to be raised;
One United Properties
One United Properties
Represented One United Properties, leading Romanian high end residential developer, in a EUR multi-million bonds issuance through private placement, maturing at four years, for the development of high-end real estate in Bucharest;
PineBridge Investments
PineBridge Investments
Assisted PineBridge Investments, a global asset manager in the financial and corporate structuring of some real estate companies, transaction which involved financing and refinancing coordination and negotiations;
Adval Asset Management
Adval Asset Management
Legal advisor to Adval Asset Management, an independent Romanian property management group, on the restructuring of loans granted by Bank of Cyprus to Romanian subsidiary of Adval Asset Management (Cascade Offices) and further refinancing from Banca Transilvania;
Curitiba SRL
Curitiba SRL
Legal advisor to Curitiba SRL, Romanian real estate investor and developer, in its capacity as borrower, with respect to negotiation and signing of loan and security documentation and fulfilment of conditions precedent with Libra Internet Bank SA, as lender, for the purpose of further financial investment;
AdamAmerica
AdamAmerica
Legal adviser to AdamAmerica, with regards to the refinancing/assignment of shareholder loans and additional costs from Libra Internet Bank SA, in the context of acquisition, via a share deal, of Construdava (owned by Degi Construdava SRL, the target), an 9,400 sqm office building on the Pipera-Tunari road in Voluntari, Ilfov County, from seller Commerzbank AG;
AdamAmerica
AdamAmerica
Legal advisor to AdamAmerica, with regards to refinancing of shareholder loans and additional costs from Libra Internet Bank SA, in the context of acquisition (share deal) and financing of Phoenix Tower, owned by Degi PGV Tower SRL (target), a 10,000 sqm office building in the Vitan district of Bucharest, from majority seller Commerzbank AG;
Comfert
Comfert
Advised Comfert, a Romanian group of companies in agricultural business, with regards to the restructuring of various loans granted by seven Romanian and foreign banks (Banca Comercială Română S.A., BRD-Groupe Société Générale S.A., BROM, Exim, etc) in the context of the sale of the group of companies to Origin, PLC;
Liebrecht & Wood
Liebrecht & Wood
Advised Liebrecht & Wood, a major developer with an array of projects developed in CEE in the last 20 years, with regards to the restructuring of a loan granted by a foreign bank for construction, development, management, operation and maintenance of the “West Park” project, located in Domnești, Romania, as well as additional financing. These are cross-border deals which involved share capital increase operation, various tax and fiscal aspects.