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Reff & Associates Advises Patria Bank on NPL Sale

Reff & Associates Advises Patria Bank on NPL Sale

Romania
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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.

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MPR Partners | Maravela, Popescu & Roman is an internationally recommended and repeatedly awarded Romanian law firm providing integrated legal, tax advisory and insolvency services in all areas of interest for businesses and public administration. 

MPR Partners | Maravela, Popescu & Roman covers all major Romanian regions as well as the Republic of Moldavia, either directly or through carefully selected and closely coordinated correspondent offices. In addition, the firm has the infrastructure required to coordinate advice in multiple countries through highly reputed international networks of specialists ensuring high end services. 

Firm’s clients (multinational corporations, sound Romanian companies, private investors, public authorities and State companies) recommend MPR Partners | Maravela, Popescu & Roman as “A reliable team providing a high standard of work.” (quote by Chambers and Partners), having consistently endorsed the outstanding quality of services provided, flexible approach, responsiveness as well as the friendly working climate. 

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