Banking & Finance

bankThe office’s banking and finance expertise is extensive. We have dealt with various bank loan operations and financing deals, from operational needs and working capital facilities to syndicated loans and complicated senior bridge loan facilities. We have supported domestic and international borrowers and lenders negotiate and close loan and security documents in major financing operations for asset or real estate acquisitions. We have a special insight in maritime finance as we assisted multiple times ship owners and their financing banks secure their rights in shipbuilding contracts and ship delivery procedures. Our office is also helping clients structure their business in a financially productive and legally complying way. We have also been involved on a regular basis in asset financing deals and project finance.

For example, we advised in connection with € 60 million syndicated loan of ABN Amro Bank N.V. and Emporiki Bank to LMZ Transoil Shipping Enterprises in subsequent vessel acquisitions from Daewoo Mangalia Heavy Industries shipyard where we acted together with Piraeus office of Norton Rose. We advised on numerous escrow account operations as in US$ 15 million land transaction for US Embassy or in Euro 4,3 million factory acquisition by Karelia Corporation. We also advised BRD – Groupe Societe Generale and HVB Tiriac Bank (currently Unicredit Tiriac Bank) in connection with several financing operations and securitization within the overall Euro 1.2 billion Baneasa real estate project. Roman | Partners advised DIY retailer Bricostore Romania on €10.5 million loan from BRD Groupe Societe Generale to finance store construction in Bucharest. We have worked with Volksbank and OTP Bank on restructuring of loan facilities to our client RED Group and with Immorent IFN with regard to transaction and commercial centre financings. We also assisted Karelia Corporation in €4.3 million acquisition of a Romanian parquet factory and worked with Alpha Bank on contractual package for sale of assets and with Raiffeisen Bank on escrow account operation

Our people relevant experience includes assisting European Bank for Reconstruction and Development on €25 million revolving refund guarantee and working capital facility to the Romania based shipyard Daewoo Mangalia Heavy Industries, assisting Cypriot company in taking over the majority stake in Libra Bank, advising Romanian State Agency for the Recovery of Banks’ Debts (AVAB) in connection with non-performing loans granted by state-owned bank Bancorex, advising in connection with €30 million loan agreement from Hamburgische Landesbank-Girozentrale to Jumbo Navigation N.V. for the construction of ships by Damen Shipyards Cargo Vessels B.V. of Netherland at Galati shipyard, advising Metro Cash & Carry Romania in connection with performance bond and cheque reimbursement, advising German company Alfred C. Toepfer International GmbH in connection with payment of US$ 2.5 million bank guarantee letter, advising German investor Max Aicher GmbH in cheque dispute in privatization file, advising Porsche Romania on legal requirements to set up Porsche Bank, advising VA Tech Hydro, Switzerland, on the joint venture with state-owned Danube hydropower plant “Portile de Fier II” to finance technological upgrade.

 

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Roman | Partners advised media and entertainment developer in $20 million agreement with The Walt Disney Company

Roman | Partners undertook legal work for a United Arab Emirates based company in connection with separate cross-border acquisitions from the USA, UK and China of heavy and sensitive equipment for outdoor advertising, including on terms and conditions of shipment and warranty

Roman | Partners advised a Danish transport and logistics company and its insurer on Romanian road transportation law, tort, contractual responsibility and insurance issues, including on aspects related to Geneva CMR Convention on the Contract for the International Carriage of Goods by Road. The firm has acted together with Danish law firm Birch Windahl

Roman | Partners advised Singapore ship owner / operator Oscar Shipping Pte Ltd / JSK Singapore Pte Limited on Romanian maritime law aspects. The firm acted together with Singapore office of UK law firm Hill Dickinson LLP

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