35A Magheru Blvd.
2nd Floor
Apt. 22
District 1
Bucharest
ROMANIA


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Telephone:
+40 (0) 21 316 51 65
Facsimile:  
+40 (0) 21 332 49 76
Mobile:
+40 0723.575.242
E-mail:
razvan@albei.eu




CONTACT
 
 
Miscelanea

       A marketplace of almost 21 million, 37 million acres of arable land, a vibrant oil and gas industry, breathtaking landscapes, an expanding economy, a well-educated workforce with more than 55,000 specialists in information technology, access to the Black Sea and Asia. This is the country you are about to "conquer" ... by starting a business in !

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       At Razvan Albei & Co. Law Office, we manage your property purchase every step of the way, from finding and negotiating with an estate agent to registering you as owner of your property with the Romanian Land Registry. Purchasing a property in Romania typically involves the following stages, although prospective purchasers should take specific advice before entering into any transaction.    learn more Þ       
AR
attorneys at law
VENI, VIDI, SOLVI
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).
 
Labor, Employment & Employee Benefits

People are essential to your business. When it comes to employing them, however, few things are ever simple. Their legal rights, personal needs and cultural expectations present both opportunities and risks.The laws and regulations governing relationships between employers and employees are complex, confusing and sometimes contradictory. If you don't know your rights - or respect theirs - your productivity, profitability and reputation can all suffer.
At Razvan Albei & Co. Law Office, we understand that business success requires legally sound, strategically savvy labor and employment policies and practices. In this respect, our practitioners have extensive experience in defending employers in administrative proceedings, arbitration and court action, including individual claims and collective actions and class actions.         read more Þ
Bankruptcy

When it comes to a financial crisis and default, you need to act quickly and decisively to preserve value, buy time, achieve stability, seek relief and avoid the effects of insolvency. With bankruptcy looming, you must protect your interests and salvage as much as you can. And where the operating and financial issues cross international borders, the challenge is to develop and execute a coordinated, effective strategy under pressure. At Razvan Albei & Co law Office, we understand that in every financial crisis there are windows of opportunity, moments when businesses still can be rescued, rehabilitated or reorganized and when it is possible to stop the erosion of value.         read more Þ
Commercial Law       

In international commerce, the cost of ignorance and misunderstanding is high. What you or your lawyers don't know about doing business in a jurisdiction - from exchange controls to taxes to foreign investment requirements - can result in significant financial losses and damage your reputation.
At Razvan Albei  & Co. Law Office, helping companies thrive in international commerce has been our focus since the firm has been established. Our lawyers make always sure that our knowledge is current and our skills relevant, reliable and deep.        read more Þ
Real Estate

Real Estate has been for a few years one of the key sectors of investor focus. Businesses around the world are trying to maximize the efficiency of their real estate portfolios. Whether you rent space in a single location or have real estate investments in dozens of countries, optimizing the value of "bricks and mortar" is a complex matter requiring high-level business and legal support. We combine  knowledge of real estate assets and operating businesses with corporate and finance expertise and provide you with tailored professional services.       read more Þ
Insurance 

Managing risk has never been more critical. Regulators across the world are becoming more proactive and interventionist. Consolidation among insurers has imposed new competitive pressures. Carriers are driven to distinguish themselves through service, price and other factors. And acquisitions carry their own risks.        read more Þ
"The law provides for the future, the judge for the past"
    We help you in the present ... for a secure future !


Razvan Albei & Co Law Office - MMVIII
19 Cantemir Blvd.
2nd Floor
Apt. 11
District 4
Bucharest
ROMANIA


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Telephone:
+40 (0) 21 332 49 76
Facsimile:  
+40 (0) 21 332 49 76
Mobile:
+40 0723.575.242
E-mail:
razvan@albei.eu




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