The deal adds to a portfolio of over 1 billion Euro in financing deals starting 2007

Bucharest, Romania – April 9, 2009 – Reff & Associates, the correspondent law firm of Deloitte Romania, assisted Romstrade as lead legal advisor in negotiating and successfully closing a 140 million Euro financing deal with Credit Suisse, with the money aimed at financing the company’s infrastructure projects.

“This has been an intensive project for our banking and finance legal team, at a time when difficult market conditions made banks extra-cautious. Lawyers of both parties had to work and negotiate around the clock in agreeing complex contractual terms for this promissory notes-based finance transaction which is governed both by Romanian and English law and which required knowledge beyond what a usual loan agreement would imply,” said Andrei Burz-Pinzaru, Senior Manager with Reff & Associates, leader of the firm’s team for banking and finance law and in charge with Deloitte Tax & Legal Financial Services Industry Group in Romania.

He continued: “Our previous experience in international finance transactions (both lender and borrower side), the cooperation with our correspondent law firm in London (Dundas & Wilson LLP) and the full commitment of our team members (special mention due for Simina Mut – Senior Associate) were instrumental for our efforts to negotiate balanced and clear contractual terms for Romstrade. This deal further strengthens our position in the local legal banking and finance market.”

Currently, Reff & Associates works on three other deals in aggregate value close to 400 million Euro (two large loan restructuring mandates and one project finance mandate) so the size of the deals on which Reff & Associates banking & finance team has been engaged to assist either lenders or borrowers since 2007 has now exceeded one billion Euro in aggregate.

“We appreciate the level of the professionalism and commitment from the team in Reff & Associates, which represented our interests in the deal both from the perspective of Romanian law and international best practices,” said Ion Bogdan Trãșculescu, Romstrade General Manager.

Reff & Associates is the correspondent law firm of Deloitte Romania, fully integrated with the Deloitte multi-disciplinary advisory practice and affiliated to a network of law firms and legal departments working with Deloitte all over the world. Since 1998, Deloitte’s correspondent legal practice has been providing assistance to clients in Romania on various matters pertaining to mergers and acquisitions, corporate and commercial law, finance, banking and capital markets, real estate, project finance, employment, competition, fiscal and commercial litigation, and intellectual property.

Founded in 1994, Romstrade is a Romanian-fully owned company with important projects in infrastructure. The financing deal contracted from Credit Suisse is one of the largest financing deals contracted by a Romanian company since the beginning of the year, and also the largest one contracted by a construction company with infrastructure projects.




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