Radu Tărăcilă Pădurari Retevoescu is a full-service law firm with an office in Bucharest. It has seven partners and more than 40 lawyers. The firm is Allen & Overy’s local arm.

Focusses / specialisms

The firm has experience advising foreign and local clients on local and cross-border deals across all areas of corporate law.

In banking and finance the firm advises lender and borrows on a broad range of transactions, ranging from loan facilities to project finance and acquisition finance.

It advises clients in capital markets on various regulatory matters related to offering products and services, and investment activities, as well as bond issues and IPOs.

It supports clients in corporate and M&A on acquisitions, joint ventures and sales in various industries, including financial services, TMT, retail, healthcare, and infrastructure. It works on behalf of the sell and the buy sides.

In project development the firm often assists developers and infrastructure funds with development and regulatory advice on projects in industries which includes renewables and traditional energy.

Key clients

Among its clients are Innova/6 GP, Oresa Ventures, Rodbun Grup, KBC Bank, BNP Paribas Fortis, LKE Group, EBRD, Unicredit Bank, Ascendis Wellness, Sano Vita, Autonom Services, Unicredit Bank, Credit Suisse, BNP Paribas, Grup Serban Holding, ING Bank, EDP Renewables, Macquarie Infrastructure and Real Assets, Uniper Global Commodities and China Huadian Engineering.

Research period review: 33rd edition (2023/2024)   

During the research cycle the firm was active in all ranked areas of corporate law.

In banking and finance the firm advised both borrowers and lenders from the banking, energy, agriculture and consumer goods sectors on various types of financing including notably syndicated lending work.

In capital markets the firm advised a mix of issuers, arrangers and underwriters in financial services on both debt and equity transactions.

The corporate and M&A team advised was active on both the acquirers' and sellers' side in transactions, working for clients in a range of sectors including agriculture, financial services, energy, technology and telecommunications and investment management.

In project development the firm’s work focused on assisting with domestic energy sector related projects.

Deal highlights: 33rd edition (2023/2024)

African Industries Group acquisition of World Class Romania

Alpega €10 million financing

Bucharest fibre optic cable project

PepsiCo acquisition of AQUA Carpatica stake

Client Feedback: 33rd edition (2023/2024)

Bank lending

“I like RTPR’s banking team because they are very client-orientated, responsive and friendly. One can feel they are very experienced because they can offer real-time solutions and answers in a very convincing and confident manner. They are prompt, reliable and ready to step in whenever we need them.”

“RTPR have a top-tier financing practice and a very experienced team that can assist in very complex cutting-edge financing transactions. I am very happy with the assistance provided by their team led by partner Cosmin Tilea assisted by senior associate Andreea Nedeloiu. RTPR’s team is very helpful, provides excellent commercial and legal advice and they are better than everyone on market practice and how to deal with difficult negotiations with banks. The fact that they are assisting both lenders and sponsors helps them to know how to negotiate any clause from every angle and this is their main advantage against other law firms.”

"Proactive and reactive, quality support, speed of execution."

"RTPR provide excellent advice for the most difficult aspects of a contract.”

Banking

“Availability, professionalism, local banking knowledge.”

“They are commercial and client-orientated and have a broad understanding of both the legal and business side of their clients’ needs.”

"Promptness. Proactiveness. Solution-orientated. Ethical and upstanding.”

"Very knowledgeable, solution-orientated, good with deadlines, good communicators.”

Banking and finance

“They are an excellent team made up of deal-driven and highly qualified lawyers who provide excellent legal assistance in the most challenging deals. They are very responsive and available round the clock. I think they are the best banking and finance team in town. Their affiliation to the Allen & Overy network gives them access to excellent training and cutting-edge legal resources and this helps them to be at the top of the league.”

"RTPR had an extremely professional and dedicated team throughout the entire process on which we have collaborated. All team members had a proactive attitude, focused on finding diligent solutions to all issues/questions that arose, and the collaboration with them went very well and smooth overall.”

"Very diligent, solution-orientated, always available.”

"They are a great time saver, reliable, to the point. A true 'turn-key contractor'. They will take the work and handle it and only involve in-house counsel when needed.”

"Deep knowledge of the transaction, related documentation and implications.”

Capital markets

"They are very prompt, professional, knowledgeable and eager to find solutions.”

“Experienced team, practical and effective approach, understanding of business needs.”

"Very experienced team both in terms of knowledge and experience. They are client-orientated, focus on understanding the client's business needs and finding the most effective solutions.”

"RTPR acted as the legal adviser of the transaction, and they performed their duties in a very qualitative way, being supportive, proactive and solution-driven.”

"A strong knowledge of the law in the area of interest. Decision-making skills. Great communication skills. Attention to detail and accuracy. Teamwork, responsiveness, analytical skills. Solution-focused.”

"RTPR stands out for the quality of its service – high professionalism, availability, finding practical solutions.”

M&A

“Business-orientated advice, easy to understand, with practical solutions and ideas.”

“Very knowledgeable, professional and commercial.”

“Professional, diligent and with a good understanding of the commercial issues involved in the deal.”

"Excellent lawyers – thoughtful, precise, knowledgeable, commercial, hard-working.”

"Experienced lawyers, proactive, innovative ideas, always close to the client.”

"Extended expertise, customer focus and efficiency.”

"Radu Taracila Padurari Retevoescu – Allen & Overy have fully lived up to their reputation, proving to be the most professional M&A lawyers in the commercial field, with full focus on results.”

"Very close to client on every aspect of the transaction. Very good commercial understanding and a great ability to pivot according to commercial terms. Very good communication. Extremely knowledgeable in their work. They have a wonderful team, with a very strong professional approach.”

"Excellent on giving transactional advice and legal due diligence.”

"Everything! From the first step to the successful completion of the entire process we were supported and guided with professionalism, reliability, speed and understanding.”

"Quality of work, smart, diligent.”

"Highly professional consultancy and guidelines, very emphatic support.”

"One of the best M&A track records in the market. Very good commercial understanding of client's needs. Multidisciplinary team with deep knowledge (theoretical and market trends) in M&A deals as well as across the relevant industries. Advice is solidly substantiated and commercially relevant.”

"There are a few attributes that make them excellent lawyers and a preferred choice for us: they have in-depth knowledge of the law and great practical experience; they are solution-orientated and have a down-to-earth approach; and they provide innovative solutions while also keeping in mind the interest of the client and the needs of the client. In a nutshell, these guys will successfully guide you through the most challenging/complicated transactions, and you won't make a mistake if you choose them.”

Project development

“RTPR's team is very focused and well organised. They respond quickly, have very good adaptability to any deviations within the project and are efficient under pressure.”

“Broad knowledge of both M&A and Romanian local market specifics, providing qualified guidance to the buyer during its first entrance to the Romanian market.”

Ana Barbu

“Ana has excellent knowledge and strong experience and demonstrates professionalism and provides high-quality services.”

“Knowledgeable and empathetic.”

Urzica Cezara

“Solid contributor, very good communication.”

Bogdan Cordos

“Great insights in terms of the industries we were looking into (energy, real estate), very practical approach, excellent knowledge and strong experience of the energy market.”

Bianca Eremia

“Intelligent, assertive, hard-working, honest, capable, quick, trustworthy, she know very well business status, positive person.”

“Very proficient, knowledgeable, responsive.”

“Bianca is very responsive, proactive and proposes smart solutions. She does a great job under Cosmin Tilea's supervision.”

“Enthusiasm, responsiveness, solution-orientated approach and a pleasure to work with.”

Marina Fecheta-Giurgica

“She is always very prompt and eager to help, her professional knowledge is quite ample.”

"Very knowledgeable and commercial."

Roxana Ionescu

“Very experienced M&A practitioner, wisely navigating through the M&A process.”

Andreea Nedeloiu

“Prompt. Excellent communication skills. Excellent at listening and implementing commercial agreements. Excellent banking and financial knowledge.”

“Very positive attitude and proactive. Cross legal expertise (corporate, banking, commercial). Meets the deadlines. Business-orientated 'the peace itself' – very useful for hard moments.”

“Andreea is a new coming star. She is a very smart, knowledgeable and responsive lawyer.”

“Involvement, knowledge, people skills.”

“Andreea is an extremely diligent, professional and well-prepared lawyer, all the time ready to jump in and help. During the collaboration we have had with her, she has been extremely proactive, and the collaboration was developed on very good terms. She has a strong knowledge of the financial-banking environment and provided valuable insights throughout the project's duration.”

Victor Padurari

“An amazing all-round lawyer with great team management skills, allowing work to run smoothly at all levels.”

Mihai Ristici

“He is eager to help and find solutions, he is very knowledgeable.”

“MIhai is a skilled lawyer and fine negotiator. He is calm and focused on finding the most effective solutions. He gives comfort that things are managed timely and professionally. Simply, he is a trusted adviser for ECM transactions in Romania.”

“Mihai is one of the best legal experts in equity capital markets in Romania. Mihai combines legal knowledge, practical approach and fine negotiating skills. He is always calm and precise. He manages the projects smoothly, even when under time pressure or when facing complex problems. It is always a pleasure to work with Mihai.”

“M&A leader, great in identifying solutions to client needs and always delivers creative solutions even in tense moments, very commercial.”

“Very good professional and coordinator.”

“Very good communication, knowledge, solution-driven.”

“Mihai is definitely the type of lawyer that you love to have around you. It goes without saying that he's experienced and knowledgeable. But what makes hin a great lawyer is how he puts to work such experience and knowledge: in a business-friendly manner, with a deal-making attitude (but never forgetting where you, as a client, need to get and how you should be protected) and with a very pleasant attitude. With Mihai by your side, you are certain that your deal will proceed smoothly.”

Vlad Stamatescu

“Vlad is probably everything you want in a M&A lawyer. It goes without saying that he has great knowledge of law and practical experience. He has a flexible approach while also being attentive to the client's overall position. Probably the best word to use for him is 'assuring' – whenever you have him by your side, you can be certain that your deal is safe – you will see it finalised with the fewest impediments and with the most legal certainty for you.”

“A highly skilled capital markets lawyer, with strong knowledge of the law in the area of interest. Vlad is an effective communicator with attention to detail and accuracy. Works well in a team, is responsive and has very good analytical skills. He is a solution-focused lawyer who knows and understands all relevant information so that he can make an informed decision.”

“Thorough and knowledgeable, but also practical on deals, great project management and understanding of our business context. Also very effective under the pressure of tight deadlines. We always had quality interactions with him which makes Vlad fun to work with.”

“Very good professional, solutions-finder, calm, available.”

Alina Stavaru

“One of the best M&A lawyers in Romania. Availability; very strong legal knowledge; pragmatic and business-orientated; very good negotiator.”

“Very professional, with a lot of legal knowledge and also knowledge in our sector, IT services.”

“Responsive, creative and knowledgeable.”

“Efficient, deep domain expertise, excellent communication.”

“Analytical and research skills. Detail-orientated.”

“Professionalism, seriousness, communication skills, business understanding, empathy, punctuality, perseverance.”

“Smart, availability, diligence, focus on client's benefit.”

Costin Taracila

“Costin shows creativity, speed, negotiation abilities and a very good understanding of our business context.”

“Very knowledgeable and commercial.”

“Excellent senior lawyer, with gravitas, on top of detail and very commercial.”

“Exceptional analytical and negotiation skills.”

“Broad overview of business and law environment in Romania.”

Cosmin Tilea

"Excellent communication, client proximity, understands the importance and urgency of work and delivers accordingly.”

“Smart, business-orientated, legal expertise.

“I have been working for the last five years with a team coordinated by Cosmin Tilea (partner). If I have to define Cosmin Tilea, I would say he is a 'problem-solver' because he is always able to come up with the best solutions to the most complex issues. He is sharp, confident and very skilled in negotiation of financing agreements. He understands very well what is critical for his client and manages to obtain the best outcome during negotiations. He is a real dealmaker (I’ve heard this from other peers as well) because he manages to close complex deals smoothly and in record time and has a very good relationship with other local law firms. I think he does a great job for us and our deals are in good hands with Cosmin as our trustful adviser!”

“Availability, communication, sectoral and legal knowledge, very warm and nice, business-orientated.”

“Has extensive experience in cross-border financings, project finance transactions and energy matters.”

“Cosmin Tilea is very clever and offers very ingenious solutions when structuring deals. He is a great communicator with concise advice both for in-house legal team and management. Technically he is a super-lawyer who combines legal knowledge with superb negotiation skills and an amazing understanding of the client’s business and the overall oil & gas industry. He is innovative, thoughtful, rigorous and very pragmatic. 'FLAWLESS' in one word.”

“Cosmin Tilea is an outstanding finance lawyer and a true market leader. He has great tactics, leads negotiations in a very constructive manner, has great legal and negotiation skills, a great capacity to anticipate the opponent’s arguments and he is very convincing. He is very experienced both on lenders and sponsors side and knows very well how to approach any issue and find excellent solutions to meet our goals. He is fully involved in the deals and I am truly impressed by his dedication and responsiveness. I have no doubt that we will continue to appoint RTPR’s team led by Cosmin Tilea in any of our financing deals.”

Andrei Tosa

“Implementing all the requirements that we discussed. Very good suggestions on the changes that we can make to protect our company in a better way.”

“Andrei is a great lawyer, dedicated and with a solution-finding approach that is rarely seen. He is a valuable member of the RTPR team and we're always pleased to work with him.”

Ianita Tui

“Iana is one of the most experienced lawyers in public procurement that we worked with; she provides very creative and practical approaches; I admire her thorough researches and deal focus. Iana cooperates effectively and perfectly with our internal team. She always gets the deal done in the most suitable way for us even in the public sector domain.”

Cezara Urzica

“Very diligent, knowledgeable and professional.”

“Good communication and analytical skills. Working quickly and accurately to complete tasks. Using resources wisely and finding ways to maximise productivity.”