Attorneys at law | Mușat & Asociații

“Clients believe the firm to be professional, with a great team of players displaying depth of knowledge.”

Legal 500

“Muşat & Asociaţii is a Romanian brand, which has developed itself a formidable reputation on the market.”

International Financial Law Review – IFLR 1000

“This firm is unanimously recognized for the exceptional quality of its work.”

Chambers & Partners

2015

Winner of the award “Law firm of the year in Romania” granted by The Lawyer

2013

Winner of the award “National Law firm of the year” granted by International Financial Law Review (IFLR)

2012

“Gold Award” for “Best Central and Eastern Europe Law Firm” granted by Legal Alliance Summit

2011

Winner of Chambers Europe Awards for Excellence “Romania Law Firm of the Year”

Facts and figures about Mușat & Asociații

TIER 1 COMPANY

Mușat & Asociații is top-ranked by all the prestigious British publications – Chambers & Partners, Legal 500 and International Financial Law Review (IFLR)

ROMANIA’S FINEST

Our diversified practice allows us to work for many major US and EU corporations, investing or doing business in Romania, most of which are listed in Fortune 100

EXTENSIVE PORTOFOLIO

The firm’s portfolio comprises over 2,500 clients, most of which are international corporations

For 30 years, Muşat & Asociaţii has been at the forefront of the country’s legal and business development, being involved in the biggest transactions for the local market.

1991-1995

1990

Gheorghe Muşat (acting litigation lawyer since 1983) starts his activity as a business legal adviser alongside two younger lawyers under the brand name “Muşat & Associates”; by the end of that year, his “boutique” had gathered eight lawyers.

Advising a large portfolio of high profile foreign clients, such as Societe Generale, Rhone-Poulenc, Cement Francais, Renault, Bouygues, Credit Lyonnais, American International Group, AT&T, Standard Oil, British Petroleum, etc. on their investments & business ventures in Romania.
1996

1999

1997

2000

1998

Acting as lead legal advisor to SHELL in connection with the implementation of the first oil exploration agreement concluded by Romania with a foreign investor, as well as with regard to other SHELL’s investments in Romania.

Assisting Glaxo Smithkline Beecham regarding the successful acquisition of Europharm Group, the first high-profile transaction in Romania (valued at: 100 million EUR).

Acting as lead legal counsel to GE Capital in connection with the acquisition of Banc Post, the first privatization of a Romanian bank. Assisting Sumerbank and Akmaya in relation to the acquisition of PETROMIDIA.

Legal assistance to the Romanian Privatization Authority, in connection with the sale of Banca Agricola to Raiffeisen Bank in a transaction which was acclaimed by the World Bank as the most successful privatization of the year.

Advising Michelin on the takeover of the Tofan Grup, regarded by the business community and the local business media as the biggest private transaction of the year.
2001

2004

2002

2005

2003

Acting as lead legal counsel to Arcelor Mittal in connection with the EUR 800,000,000 successful acquisition of Sidex Galati (the largest Eastern European steel producer), which was awarded as the largest privatization/acquisition of the year.

Advising the Romanian Government in connection with the privatisation of ALRO – Slatina and Alprom. Muşat & Asociații changes its headquarters to 43 Aviatorilor Blvd, a modern A-class building facility.

Acting as legal advisers of Arcelor Mittal in connection with the acquisition of three leading national steel producers, namely Siderurgica S.A. – Hunedoara, Petrotub S.A. – Roman and Tepro S.A. – Iasi (the second largest acquisition of the year).

Assisting SBS Broadcasting on the successful acquisition of Prima TV and of the Romanian leading FM radio stations: Kiss FM, Radio Star, Canet Radio, TV Klumea etc., so far the biggest media acquisitions ever conducted in Romania.

Advising Enel on the successful acquisition of Electrica Dobrogea and Electrica Banat, the first privatization of electricity distribution companies in Romania.
2006

2009

2007

2010

2008

Advising Sider Sipe S.A. on the EUR 120,000,000 sale of Ductil Steel Buzau to a leading European investor (the second largest transaction of the year). Assisting KBC Bank in connection with the EUR 75,000,000 acquisitions of Romstal Leasing.

Assisting Enel in connection with the EUR 820,000,000 acquisition of Electrica Muntenia Sud (acclaimed as the third largest privatization ever conducted in Romania).

Acting for NOKIA in relation to the implementation of “Jucu Greenfield project” regarding the relocation of Nokia’s production facility from Germany to Romania (acclaimed by the business local media as “the largest Greenfield investment of the year”).

Assisting Banca Transilvania in connection with the EUR 100,000,000 sale of the majority stake held in BT Asigurari to Groupama, awarded by the business local media as the biggest transaction of the year in the insurance industry.

Assisting Rompetrol Group NV in connection with the EUR 90,000,000 acquisition of the remaining free float of Rompetrol Rafinare, the most successful mandatory public offering of the year conducted on the Bucharest Stock Exchange.
2011

2014

2012

2015

2013

Retained by the Romanian Government as lead legal advisor in connection with the EUR 1.3 billion construction of Tarnita-Lapustesti Hydropower Plant, with a forecasted installed capacity of 1,000 MW.

Retained by the Ministry of Economy in connection with the sale of 15% of the shares held in Transgaz, as well as the sale of 15% of the shares held in Transelectrica with a total transaction value in excess of EUR 109 million (the biggest capital markets transactions of the year).

Selected by the Ministry of Economy to provide legal assistance for the sale of 10% of the shares in Nuclearelectrica on the IPO successfully closed, for a transaction in excess of EUR 70,000,000 (the biggest capital market transaction of the year).

Muşat & Asociaţii was selected to provide legal advice to Electrica in relation to the sale of the 105% share stake in DFEE Electrica with a transaction value of EUR 440,000,000 (the biggest capital market transaction ever conducted in Romania).

Assisting CRH in relation to the acquisition of Lafarge Romania (part of a global deal of EUR 6.5 billion) awarded by Ziarul Financiar as the largest transaction of the year in Romania.

Latest News

October 14, 2024 Press release Bucharest, 14 October 2024 EUR 1.5 billion – total amount of the international bond issuance program. EUR 500 million – the value of bonds issued in the first tranche. EUR 6 billion – demand registered from investors for the first tranche. Mușat & Asociații, in collaboration with the international law firm Hogan Lovells, assisted Romgaz, Romania’s largest State-owned ... READ MORE
October 3, 2024 Bucharest, 3 October 2024 Mușat & Asociații advised Naxxar Renewable Energy on the sale of the remaining 40% stake in Naxxar Wind Farm Four SRL (NX4 – the project company) to Polenergia, the largest private energy group on the Polish market. Polenergia has thus exercised its option to buy the remaining shares in NX4, provided for in ... READ MORE
September 17, 2024 Authors: Mihai Popa, Deputy Managing Partner, Mușat & Asociații Simona Anton, Managing Associate, Mușat & Asociații The business transfer inevitably impacts on employment relationships, a context in which the identity of the economic entity has been the subject of exhaustive analysis in recent case-law of the Court of Justice of the European Union (CJEU). The European court, through its ... READ MORE
June 6, 2024 Press release Bucharest, 5 June 2024 Mușat & Asociații represented a multinational pharmaceutical company in a complex dispute with the National Health Insurance House (CNAS) regarding the clawback tax for medicines, in the context of the concurrent application of two special regulations with contradictory provisions, namely GEO No. 31/2020 and Law No. 53/2020. The case was settled by ... READ MORE
May 28, 2024 Ștefan Diaconescu, Partner Alexandru Terța, Partner With the implementation of the new national e-invoicing system RO e-Factura, the national legislator considered it necessary: to update the provisions of Law no.241/2005 on preventing and combating tax evasion in order to introduce new crimes, as well as to amend the circumstances in which some crimes are not punishable or are punished ... READ MORE
February 6, 2024 Press release Bucharest, 31 January 2024 Mușat & Asociații advised Tecadra Hotels on the partnership with Accor Group, a world leader in hospitality, for the complete transformation and expansion of the Tecadra Hotel, located in the northern part of Bucharest. The legal assistance provided included aspects related to real estate and construction, as well as the negotiation ... READ MORE
October 10, 2023 Press release Bucharest, 10 October 2023 Mușat & Asociații advised Naxxar Renewable Energy on the signing of a conditional agreement for the sale of a 60% stake in Naxxar Wind Farm Four SRL (NWF4 – the project company) to Polenergia, the largest private energy group on the Polish market. Currently, Naxxar through NWF4 is developing in Romania one ... READ MORE
August 21, 2023 By Mihai Popa, Deputy Managing Partner, Head of Labour & Employee Benefits Department and Dragoș Lungu, Managing Associate Bucharest, 21 August 2023 The former classic (to be read “rigid”) system where performance of work is accomplished in just a single physical workspace for all employees is already starting to fade away, due to its declining economic benefit ... READ MORE
August 3, 2023 Press Release Bucharest, 3 August 2023 Musat & Asociatii advised Adesgo SA, the biggest producer of seamless underclothing in Romania in connection with the sale of its business related to the manufacturing, marketing and selling of seamless apparel to Tefron Europe, part of an Israeli group, developer and manufacturer of seamless products, recently entered to the Romanian ... READ MORE
July 24, 2023 Press release Bucharest, 24 July 2023 Musat & Asociatii advised Geely Holding Group and Geely Automobile Holdings Limited (collectively referred to above as “Geely”) on the Romanian legal aspects of a binding 50/50 joint venture agreement with Renault Group to launch a new powertrain technology company that aims to become the global leader in developing, manufacturing, and ... READ MORE

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BREXIT. Do Not Panic! There is remedy and opportunity ahead.

Brexit would almost certainly have a short to medium term negative impact on international investors looking to deploy capital into UK but also on British investors and developers seeking to invest or trade with Romania and practically all of the remaining 27 members of the EU.
What is likely to happen – an end to free movement of people, goods and services as we know it, which could ultimately also affect the cost of doing business and impact the market in general.