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Closing: Victoriabank Acquisition of BCR’s Chisinau Subsidiary Now Closed

Closing: Victoriabank Acquisition of BCR’s Chisinau Subsidiary Now Closed

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On January 22, 2024, Vernon David announced that Victoriabank’s acquisition of the BCR Chisinau subsidiary (reported by CEE Legal Matters on April 7, 2023) had closed.

Established in 1989, Victoriabank is a Moldovan commercial bank. Its main shareholders include Romania's Banca Transilvania and the European Bank for Reconstruction and Development.

BCR Chisinau has over 13,000 active clients, 110 employees, and four branches – two in Chisinau, one in Cahul, and one in Balti.

Erste Group member BCR has an extensive network in Romania: 19 business centers, 17 mobile offices dedicated to companies, and 430 retail units across the country.

As previously reported, Vernon David and Filip & Company advised Moldova's Victoriabank, while Schoenherr advised the seller.

The Vernon David team was led by Chisinau-based Partners Roman Ivanov and Sergiu Bivol and included Senior Associate Nadejda Ciubotaru and Associates Adelina Braga and Mihai Silta.

The Schoenherr team included Romania-based Partners Matei Florea and Madalina Neagu and Senior Attorney-at-Law Alexandra Pop, as well as Moldova-based Office Managing Partner Vladimir Iurkovski, Attorney-at-Law Andrian Guzun, and Associates Denis Lefter and Adriana Otean.

The Filip & Company team included Managing Partner Cristina Filip, Partner Alina Stancu Birsan, Senior Associates Rebecca Marina and Camelia Iantuc, and Associate Bianca Gheorghe.

Moldovan Knowledge Partner

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.

ACI Partners is not just another law firm. Over the course of our existence and working in Moldova, and on the international stage for our non-Moldovan clients, we have developed a strong set of core values which, we believe, guide us in everything that we do and, moreover, gives us a competitive advantage – differentiating us from other firms on the market.

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