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CMS Promotes Two New Partners in CEE

CMS Promotes Two New Partners in CEE

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CMS has announced that Budapest-based lawyer Jozsef Varady and Bucharest-based lawyer Horia Draghici have been promoted to the firm's partnership.

According to CMS, "the appointments are part of the joint partner promotions of CMS, Nabarro, and Olswang, involving 48 partners in 26 offices. The three firms completed their merger on the 1st of May, creating the world’s sixth largest law firm by lawyer headcount, which is present in 39 countries with 70 offices."

Varady has been working at CMS Budapest for over 14 years, and the firm reports that "he has been involved in several real estate transactions and advised major Hungarian and international clients on real estate projects and litigation matters related to the sector." According to CMS, "he also has significant experience in corporate and financing transactions and tax matters. Recently he advised Futureal Group on the sale of its Skypark office building located in the center of Budapest to the OTP Prime Property Investment Fund, which was one of the largest office market transactions in the last 12 months in Budapest. He also advised the Belgian real estate developer Atenor on the sale of building A and B in the Vaci Greens complex in Budapest" (as reported by CEE Legal Matters on February 20, 2017).

Draghici specializes in commercial and tax litigation and international disputes. According to CMS, "he is currently advising a public multinational energy company in several disputes related to real estate taxes in Romania and has previously successfully advised same client in various high profile, multimillion EUR tax disputes. [He] is also highly involved in the white collar defense practice of the CMS Bucharest office and has assisted clients in internal compliance investigations, as well as investigations of OLAF and the Romanian National Anticorruption Directorate. He has also experience in investment treaty disputes, being part of the team that successfully defended Romania from a USD 147 million ICSID claim brought by Greek investor Spyridon Roussalis. The claim was dismissed in 2011. Recently, he helped an international reinsurance group settling a dispute with a Romanian insurer by international mediation in accordance with CEDR rules."

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

Firm's website.

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