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Efrim, Rosca si Asociatii, Gladei & Partners, and Cobzac & Partners Advise on Sale of Majority Stake in Moldindconbank

Efrim, Rosca si Asociatii, Gladei & Partners, and Cobzac & Partners Advise on Sale of Majority Stake in Moldindconbank

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Efrim, Rosca & Associates has advised the Moldovan Government, acting through the Agency for Public Property, on its sale of 63.8865% of the authorized capital of Moldindconbank to Bulgaria's Doverie United-Holding AD. Gladei & Partners and Cobzac & Partners advised Doverie-Invest on the deal, which had received preliminary approval on January 22 from the National Bank of Moldova.

Efrim, Rosca & Associates describes Moldindconbank, which has a 19% market share, as "a systemically important bank [that is] the second largest bank in the Moldovan market."

According to Gladei & Partners, "this was not an ordinary share transfer; the buyer has acquired new shares issued in replacement of the cancelled shares, previously owned by the non-compliant shareholders."

The Gladei & Partners team was led by Managing Partner Roger Gladei, working with Associates Valeriu Cernei, Dan Nicoara, and Irina Sugoneaco.

The Cobzac & Partners team was led by Managing Partner Daniel Cobzac, assisted with Senior Lawyer Ana Iovu and Lawyer Elena Vintea.

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ACI Partners is a leading law firm in Moldova with an expanding network of partners throughout Europe. ACI Partners was established in 2006 and since then has managed to build a very strong and competitive legal practice. Our business strategy strives to deliver a solid and reliable service, going beyond merely grasping the law, which the clients may turn to whenever they need. In reaching this goal, ACI Partners employs a personalized approach to each client, showing a genuine respect for their values and unqualified commitment to their interests and needs, steadily investing in knowledge and data management and ensuring a working environment consistent with our clients’ quality demands and high expectations.

ACI Partners is a one-stop shop law firm proficient in all possible legal matters a business might come across in Moldova, starting with incorporation of a business, and obtaining of all the necessary regulatory permits, continuing with various daily matters, such as contracts, labor, and migration, and finishing with dispute settlement, insolvencies, and criminal investigations. But we pride ourselves especially for our unmatched expertise in most innovative and complex areas for Moldova, as Modern Financial Products, Data Protection, Renewable Energy, Competition, Clinical Studies, Public Procurement, and Regulatory. In our work, we always involve a team of professionals with the relevant skill-mix, which enables us to provide our clients with an integrated and comprehensive advice, superior to our competitors.

ACI Partners has advised the Government of the Republic of Moldova, businesses, international organizations, and other institutions on most challenging transactions, assignments and projects.

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