PAVEL, MĂRGĂRIT & ASSOCIATES Romanian Law Firm is one of the leaders of the Romanian law market, according to the most prestigious law guide in the world, Legal 500 (London, UK). This is the third consecutive year in which Legal 500 recognizes these lawyers professionalism in the areas of Restructuring and insolvency and Real estate and constructions.

Thus, due to successful cases in the area of insolvency, PAVEL, MĂRGĂRIT & ASSOCIATES Romanian Law Firm was ranked by Legal 500 on the second place in Romania in the Restructuring and insolvency area, along with other prestigious Romanian leaders of the law market. In this respect, Legal 500 mentions that „PAVEL, MĂRGĂRIT & ASSOCIATES Romanian Law Firm‘s team features exceptional lawyers, who are very knowledgeable and provide helpful recommendations. Client-friendly practice head Radu-Catalin Pavel is a very practical business lawyer and regularly engaged in complex real estate transactions. Other areas of expertise include real estate financing and construction projects”.

One of the successful files the law firm managed consisted in assisting and representing a Romanian factory. PAVEL, MĂRGĂRIT & ASSOCIATES Romanian Law Firm counseled the management during the observation and reorganization period, until the company reintegrated into the economic circuit.

Also, PAVEL, MĂRGĂRIT & ASSOCIATES Romanian Law Firm advised other companies with Romanian and foreign capital in insolvency proceedings and in group insolvency proceedings, and also assisted the companies in the preparation of the reorganization plan, drafted the preliminary table and provided advice until the companies reintegrated into the economic circuit. According to statistics, only 3 percent of insolvent companies have a successful reorganization.

The law firm has also among its clients creditors of companies in insolvency. Thanks to law firm’s advice and consultancy, the creditors could recover their debts. Also, the lawyers from PAVEL, MĂRGĂRIT & ASSOCIATES Romanian Law Firm has successfully represented managers against whom the tax authority has filed a claim of personal liability. Thanks to the lawyer’s advice and representation, the tax administration claim was rejected by Court.

Also in the 2019 edition, Legal 500 ranked Pavel, Mărgărit & Associates Romanian Law Firm in 4th place in Romania in the Real estate and construction practice area. “PAVEL, MĂRGĂRIT & ASSOCIATES Romanian Law Firm‘s team features exceptional lawyers, who are very knowledgeable and provide helpful recommendations. Client-friendly practice head Radu-Catalin Pavel is a very practical business lawyer and regularly engaged in complex real estate transactions. Other areas of expertise include real estate financing and construction project”, wrote the editors of Legal 500.

Each year, PAVEL, MĂRGĂRIT & ASSOCIATES Romanian Law Firm has in its portfolio large real estate developers. The lawyers advise these clients in every stage of the project, such as obtaining the necessary authorizations and concluding a loan agreement with the bank and even in the procedure of selling the apartments. Also, the law firm provides legal opinions, due diligence reports and drafts the internal regulations of the condominium. At the same time, the law firm’s team assisted developers in litigations for ownership.

Legal 500 rankings are based upon the expertise that the law firms have in relevant project. They also take into consideration the value of the projects, as well as the feedback from clients.