RAZVAN ALBEI & Co. Law Office
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RAZVAN ALBEI & Co. Law Office
"The law provides for the future, the judge for the past"
    We help you in the present ... for a secure future !


 
 
 
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E-mail: mariana@albei.eu

Bankers are increasingly concerned about the corporate segment, where difficulties in repaying loans are on the rise, and are calling for regulations that would encourage clients to maintain financial discipline. Sergiu Oprescu, vice-president of the Romanian Banking Association, says one should avoid situations where companies with hefty loans taken from banks file for voluntary insolvency over small debt. Considering capital adequacy regulations, such a practice ultimately affects the banks' ability to grant loans. "If a company enters into insolvency proceedings voluntarily, its loan is automatically considered a "loss" and needs to be fully provisioned, with the impact on the capital amounting to 100% of its value. Due to the capital adequacy indicator, such a loan prevents the bank from granting a 12 times higher prospective loan," says Sergiu Oprescu. For instance, if a company which has a 10 million-euro loan taken out from a bank enters into insolvency, the bank's capacity to grant loans, if the same equity capital is considered, will be 120 million euros lower. (Z.F.).






The economic crisis is prompting Romanians to turn to cheaper services, with low price-oriented companies betting on the change in behaviour to boost their businesses. Discount stores, fast food restaurants and low cost airlines are just a few of the sectors that have not been intimidated by the crisis and have yet to freeze their investment plans. Discount stores, for instance, which have seen a major expansion on the Romanian market over the last few years, are expecting their market share increase to accelerate in 2009, due to the changes in consumer spending behaviour. In 2007, discount stores posted business worth 600 million euros on the Romanian market, which accounts for around 15% of overall sales in modern retail, put at 4-4.5 billion euros. This period will also be auspicious for low cost airlines, which are hoping to attract clients from traditional companies. "There are two main directions: demand level and business model. As concerns demand, people continue to travel, but they are willing to pay less. This means there is a migration of passengers from traditional carriers to low-cost ones. As for the business model, we believe only companies that manage to keep their costs extremely low will be able to weather the crisis," said Natasa Kazmer, head of corporate communications and public affairs of Wizz Air. (Ziarul Financiar).




VENI, VIDI, SOLVI
Mariana Albei
Partner

Confidence, dedication, hard work and a little bit of luck ...
the main ingredients for winning almost every law suite !


Mariana Albei is Partner at Albei & Albei Law Offices since August, 2005. She is specialized in civil litigation and enforcement procedures, judicial reorganization and liquidation, contentious and administrative disputes.

Also, she is speciaqlized in restitution of nationalized properties and expropriation, partnership and shareholder disputes, banking and insurance claims, contractual and joint venture claims, family law issues like: adoption, child custody and visitation, children's rights, child support, marriage agreements, separation agreements, divorce (sometimes called dissolution of marriage), marital property division (equitable division), general estate planning, cohabitation agreements, and other legal issues pertinent to the family.

She speaks Romanian and English and is a member of the Bucharest Bar Association, since September 2003.





 
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Albei & Albei Law Offices - MMVIII
16 Cantemir Blvd.
2nd Floor
Apt. 105
District 4
Bucharest
ROMANIA


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Telephone:
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E-mail:
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