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Albota Law Firm and PNSA Advise on Atenor’s Sale of Dacia One to Paval Holding

Albota Law Firm and PNSA Advise on Atenor’s Sale of Dacia One to Paval Holding

Romania
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The Albota Law Firm has advised Atenor on its sale of the Dacia One Project to Paval Holding. Popovici Nitu Stoica & Asociatii advised the buyer.

The Dacia One Project is an office complex consisting of a 1,500 square-meter renovated heritage building and a 13,500 square-meter office building. The property is located at the intersection of Dacia Boulevard and Calea Victoriei in Bucharest.

Atenor is a Euronext Brussels-listed real estate developer company. Paval Holding is the owner of the Romanian DIY retail business Dedeman.

The Albota Law Firm team was led by Partner Oana Albota and included Lawyers Bogdan Roscaniuc and Andreea Ciobanu.

The PNSA team was led by Partner Valentin Creata and included Managing Associate Ela Marin, Senior Associate Cristiana Blei, and Associates Diana Enache and Ioana Lazar.

Albota Law Firm at a Glance

The firm: Albota Law Firm is a boutique law firm set up in May 2014. The firm was founded by Oana Albota. Before this, Oana co-ordinated, as a partner, the real estate practice of PeliFilip, which she joined from NNDKP.

The main area of practice of the law firm is real estate and construction. It has the capabilities to assist clients in all the areas connected to a real estate project: financing, real estate permitting and regulatory, corporate commercial, litigation and arbitration.

Clients choose the firm because they appreciate the clarity of its advice, its focus on results, and the efficiency of its service and its fast reaction time, all at a very fair price.

The small size of the firm is a huge advantage as it eliminates formalism, it ensures the thorough involvement of a specialised partner in every project at the law firm, the close co-ordination of the team of lawyers and it guarantees a proper cost control.

The quality of the legal services derives from the firm’s market knowledge and excellent legal know-how.

During the last 15 years the firm’s lawyers have been involved in transactions standing as landmarks for the real estate market in Romania and in significant international construction arbitrations.

Areas of practice: The firm specialises in construction and real estate.

It is experienced in all construction sectors and in the engineering industry. It is particularly specialised in FIDIC contracts and FIDIC adjudication.

Its expertise in the real estate area includes the structuring of transactions from acquisition of real estate properties in Romania up to the exit point, planning, development, leasing and financing of real estate projects, land use, private-public partnership in real estate projects, agricultural, forestry, energy and infrastructure projects, and regulatory matters.

It offers banking and finance services, advising borrowers, funds and investors from the point of term sheet and structuring stage, through closing, trenching and securitisation, administration and restructuring.

With a solid understanding of the Romanian law and an impressive experience in corporate and commercial, it assists clients, from the very first steps of the incorporation of a company until the exit, with the company’s day-to-day business, providing all legal advice required to help them stay in full compliance with Romanian rules and regulations.

It offers clients comprehensive advice at every stage of a conflict, in all forms of dispute resolution including: litigation, arbitration, mediation, conciliation and adjudication. It provides services covering assistance in complex commercial disputes before law courts and assistance in arbitration and alternative dispute resolution.

Firm's website:

www.albota.ro