Vernon David Law Firm

Banking & Commercial Law Firm in Romania

Vernon David Law Firm

49 Alexandru cel Bun St.
3rd Floor

Chisinau MD-2013

Phone+373 (22) 260-922
Fax +373 (22) 210-445

E-mail  Contact George Teodorescu

Other Offices: Bucharest  

Law Firm Overview

Vernon David Law Firm serves both the domestic and international needs of clients ranging from start-ups to large multinational companies and foreign governments. It has grown rapidly to become a highly specialized law firm consisting of three partners, 14 associates and other professional staff.

The team includes both expatriate and Romanian nationals whose aim is to guide clients through difficult and complex matters - from initial due diligence reviews to structuring, drafting, negotiating, closing and post-closing activities - with resulting transactions structured to maximize client profits and minimize tax and regulatory burdens.

Vernon David is fast emerging as one of the leading banking and commercial law firms in Romania and the surrounding region. It now has an impressive client list containing many prominent international companies.

The team acts for many leading Romanian companies as well as for other entities in the surrounding region including the Republic of Moldova. Using its excellent knowledge of the local business and legal environment, the firm advises both domestic and international clients on practical commercial solutions.

Vernon David has extensive experience with major retail, hotel and telecommunication companies and has represented both large national and international firms as well as financial institutions.

Examples of some high profile transactions which the team has advised on include:

• the acquisition of three Romanian construction companies by Poland's biggest construction company which represented the largest Polish investment ever made in Romania;
• the drafting and negotiation of a $120 million construction contract with the Romanian authorities in relation to a water project in Northern Romania as part of a British construction joint venture;
• advisory to a world leading bank on the development of new financing products as well as establishing its custodial activities and advising on National Bank regulations;
• assisting a paper company with a $80 million syndicated loan arranged by the IFC as well as advising on the sale of its business to a large international paper group;
• advisory to a world leading brewery on issues relating to the operation and termination of certain distribution agreements;
• representation of one of the world’s leading oil companies on a variety of distribution issues and related competition matters;
• advisory to a borrower on the largest private real estate financing in Romanian history (total value of $175 million);
• representation of a large telecommunications company before the Competition Council and before the courts in relation to an alleged breach of the competition rules - the case was the largest in Romanian history;
• Advisory to a leading European crude oil trading company in a series of multi-million dollar collection and security enforcement cases, representing the client both on arbitration panels and in courts.

Areas of Law

Additional Areas of Law: Employee Agreements; Collective Bargaining Agreements; Executive Compensation Strategies and Structures.

Areas of Law Description

Vernon David Law Firm provides legal representation and services in the following areas of practice:

- Banking & Finance

As a leading Finance and Banking Practice, the firm has advised on some of the largest transactions and counseled many leading and best known enterprises in Romania, Moldova and the surrounding region.

- Company & Corporate Transactions

Advice is offered to a broad range of international and domestic clients on a variety of corporate governance, compliance and company formation matters including the drafting of corporate minutes, increasing and decreasing of registered capital as well as amendments and modifications to a company’s corporate documentation. The firm advises on regulatory matters, business licensing, competition law and intellectual property and copyright.

- Competition/Antitrust

Vernon David offers the full range of competition (antitrust) advisory services. Expert assistance is given in complex competition disputes, with excellent litigation experience used to prepare and sustain successful defenses during Competition Council investigations and hearings and before the relevant Romanian and Moldovan authorities and courts.

- Dispute Resolution

Along with commercial disputes, Vernon David advises lenders and other stakeholders, companies and the directors of financially troubled businesses on how, whenever possible, to avoid formal insolvency proceedings. With specialists in all areas of contentious and non-contentious insolvency, the firm uses its considerable experience in acting for lenders and borrowers in security enforcement guarantee recovery, unsecured recoveries, insolvency and tax contestation.

- Environment

The legal team has built up a distinctive practice, gaining expertise in both the regulatory and the technical aspects of observing local and European Union regulations together with compliance requirements.

- IT & E-Commerce

The firm deals with all aspects of technology contracts, outsourcing, data protection, privacy, e-business, IT security, telecommunications and media.

- Labor & Employee Benefits

Vernon David represents businesses in all types of labor matters (including litigation, collective bargaining, dismissals and management structuring) and brings appropriate and measured counsel to minimize, if not eliminate, costly legal actions.

- Mergers and Acquisitions

Advice is given on both domestic and international mergers and acquisitions (M&A), including local mergers, cross-border acquisitions, asset and stock acquisitions (both private and listed), joint ventures and preparation of pre and post-acquisition/merger due-diligence reports. Clients are kept fully up to date with the latest developments and business opportunities in the M&A sector, helping them keep their competitive M&A edge in Romania and Moldova.

- Real Estate

The Real Estate Practice Team is expert in the policies and issues relating to zoning, site planning approval, subdivision, historic preservation, transferable development rights, environmental approvals, building permits, authorizations of occupancy, street and alley closings and other approvals and permits.

- Litigation

Commercially aware and business focused, we understand a client’s needs and shape our advice to help manage risk and prevent conflicts. Corporate conflicts, however, may arise no matter the amount of care taken. Whether the conflict arises between shareholders and companies or between long-standing commercial partners, our goal is to achieve your desired commercial outcome with minimum business disruption and cost. Along with commercial disputes, we advise lenders and other stakeholders, companies and the directors of financially troubled businesses, on how, whenever possible, to avoid formal insolvency proceedings. With specialists in all areas of contentious and non-contentious insolvency, we can marshal considerable experience in acting for lenders and borrowers in security enforcement, guarantee recovery, unsecured recoveries, insolvency, and tax contestation.

- Intellectual Property Law

Our goal is to ensure that your intellectual property is protected. Vernon David understands that your company’s intellectual property sets you apart from your competition. We are experienced in a variety of services including registration, litigation, assignment, protection, and advising on how to use your intellectual property. Our dedication, knowledge, perspective, and analytical rigor allow Vernon David to rise above the competition. We offer cutting-edge, first-rate service to our clients. We pride ourselves on the ability to understand and guide our clients through any problem or obstacle they many encounter. Our awareness of the law and insight into new legal developments is another reason clients seek our advice. We assist our clients with both domestic and international property concerns.


Mr. George Teodorescu
Arbitration, Corporate Finance, Litigation


Mr. Sergiu Bivol
Arbitration, Commercial Law, Corporate Law, Litigation, Mergers and Acquisitions

Mr. Roman Ivanov
Banking and Finance, Commercial Litigation, Intellectual Property

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