Sat, Apr
43 New Articles

Reff & Associates Advises Patria Bank on NPL Sale

Reff & Associates Advises Patria Bank on NPL Sale

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Reff & Associates, the Romanian member of Deloitte Legal, has advised Patria Bank on the sale of a portfolio of non-performing loan receivables with a nominal value of approximately RON 245 million to InvestCapital LTD, a part of the KRUK Group.

Reff & Associates Managing Partner Andrei Burz-Pinzaru commented: “In my view, the transaction is important not only for our firm, but also for the local banking system, which, despite an unfavorable legislative landscape, must keep the NPL ratio in line with the European Banking Authority and the National Bank of Romania’s recommendations."

The Reff & Associates team was headed by Managing Partner Andrei Burz-Pinzaru and included Managing Associate Andreea Serban, Senior Associate Lorena Rosia (Butusina), and Associate Diana Rotaru.

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.

Our Latest Issue