RAZVAN ALBEI & Co. Law Office
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Anca Ciuban
Attorney at Law

Hard work without talent is sometimes a shame,
but talent without hard work is always a tragedy ....

Mrs. Anca Ciuban is specialized in commercial law, bankruptcy procedures and real-estate. She has substantial experience in litigation and dispute resolution matters, trying complex real estate restitution, civil, commercial and bankruptcy matters in the courts of Romania and in arbitration proceedings. Mrs. Ciuban is also involved in all aspects related to Trademark registration, acquiring trademark right, opposition and appeal procedure.

Mrs. Ciuban’s expertise includes also labour practice, representing clients in highly sensitive cases. She was heavily involved in matters related to employment contracts for staff and executives, employee benefit plans, pensions and executive compensation packages.

Mrs. Ciuban practices in her native Romanian and in the English language.









Mobile: +40 0740 692 160

E-mail: anca@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).





 

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


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"The law provides for the future, the judge for the past"
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