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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VENI, VIDI, RESOLVI
Please select a domain to see our experts:


LABOUR LAW
   
BANKRUPTCY
    
  COMMERCIAL LAW
   
   REAL ESTATE
      
INSURANCE

CIVIL LAW

PENAL LAW

FAMILY LAW

FISCAL LAW
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attorneys-at -law
VENI, VIDI, RESOLVI
 
Razvan Albei
Managing Partner

Not stepping on the tombs, not acting without any scruple,
but, in the end ... "All that matters is winnin' !"

Razvan Albei is Managing Partner at Albei & Albei Law Offices. He has a great experience in labour and commercial law, as well as in bankruptcy. He handles all aspects of bankruptcy law and provides legal methods for an individual or commercial enterprise/business to either wipe out debts by liquidating assets and distributing them among creditors or resolves them by developing a court-approved reorganization plan, or other plan involving the repayment of creditors over time.
Other significant area of practice includes real estate and real estate related matters. He has represented buyers and sellers from a broad range of industries and various Romanian authorities in relation to multi-faceted and sophisticated matters.
He is also highly skilled in drafting contracts and regulations and has represented public and private companies in joint-ventures, corporate and commercial transactions and business transfer projects.
Razvan Albei practices in his native Romanian and in the English and French languages and he is knowledgeable in Spanish.



 
 
Main practice areas:

LABOUR LAW

COMMERCIAL LAW

BANKRUPTCY

Mobile: +40 0723 575 242

E-mail: razvan@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
 
Albei & Albei Law Offices - MMVIII
 

 


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16 Cantemir Blvd.
2nd Floor
Apt. 105
District 4
Bucharest
ROMANIA


***


Telephone:
+40 (0) 31 421 29 89
Facsimile:  
+40 (0) 31 421 29 89
Mobile:
+40 0723.575.242
E-mail:
albei@albei.eu




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"The law provides for the future, the judge for the past"
    We help you in the present ... for a better future and an untroubled past !


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