Bucharest-based ONV Law has announced it opened a new subsidiary in Chisinau, Moldova – with Mihail Gorincioi set to coordinate the new operation – and aims to surpass a cumulative turnover of EUR 2.5 million in the year 2024.
According to ONV Law, its "expansion aligns with the favorable economic development context in the Republic of Moldova over the last two years, driven by its proximity to the European Union. The specialized team of lawyers based in Chisinau will play a key role in leveraging foreign investment opportunities, particularly in sectors such as IT, business process outsourcing, automotive, retail, banking, and the tobacco industry. Their focus will be on providing legal assistance to navigate the dynamic and thriving business environment in the Republic of Moldova [...] Public procurement also offers significant opportunities in the context in which, in the coming years, Moldova will also have access to European financing, totaling over 2.5 billion euros, through the Connecting Europe Facility. These funds will be allocated for significant infrastructure and digitization projects."
ONV Law describes Mihail Gorincioi as an experienced lawyer with a substantial portfolio of projects covering areas such as health and safety, horeca, real estate, environmental protection, and the safeguarding of human rights and freedoms. "Part of the team of experts of the Republic of Moldova within the Council of Europe [...] he brings considerable expertise to international consulting endeavors." Before joining ONV Law, Gorincioi spent the past five years at the helm of his own office.
"The legislative system in the Republic of Moldova, although unpredictable, offers facilities to the business environment such as low taxes compared to the rest of European countries, online reporting of all accounting balance sheets, the possibility of using electronic signatures, and low operational costs," Gorincioi commented. "Among the areas of practice that we will focus on in the Republic of Moldova are public procurement, infrastructure, corporate law, real estate, telecom, energy, and litigation."