Zamfirescu Racoti & Partners’ arbitration practice Again Recognized in GAR 100
Bucharest, April 03, 2017 - The Global Arbitration Review, a leading authority in the international arbitration arena, has again listed Zamfirescu Racoți Vasile & Partners (ZRVP) among the 100 law firms in the world specialized in international arbitration in the recently released 10th edition of the GAR 100.
The GAR 100 analysis mentions the total value of the projects managed by the team, amounting to an impressive 1.2 billion dollars which account for ten arbitrations in the last year’s portfolio.
As expected, the two recent wins for state-owned SAPE are highlighted: the highest amount obtained in an international arbitration involving a Romanian party, EUR 401 million obtained for Societatea de Administrare a Participațiilor în Energie (SAPE), following a decision of ICC Paris, and, on the other hand, the obtaining of an indemnity of approximately Lei 4 million, also in SAPE’s favor, as compensation for the breach of the rights of the minority shareholder regarding the distribution of dividends.
The survey also comments on the work of ZRP’s Managing Partner, Dr. Cosmin Vasile, an established name in the arbitration community, recently described as “strategy guru” by Who’s Who Legal Arbitration and also mentions Alina Tugearu, a ZRP’s partner, as an active member of the firm’s arbitration practice.
The GAR 100 notes the promptness of responses, the professionalism of advice as well as the firm’s capacity to respond to requests and mobilise at short notice as the qualities that distinguish and recommend this arbitration team, quoting also one client: “I was pleasantly surprised to find out that, apart from the privatization and post-privatisation-related matters, they have extensive knowledge of international private law and environmental law”.
“The GAR 100 ranking reflects our growing international arbitration practice and the capability of our team to achieve high-profile successes for our clients. This second listing rewards our work and encourages us to further dedicate our passion to the practice of international arbitration”, says Cosmin Vasile, Managing Partner of ZRP and the coordinator of the arbitration department.
The GAR 100 is a highly regarded guide to approved specialist arbitration firms, who have been audited for reputation, recent work and experience.