bpv GRIGORESCU STEFANICA advises RTZ & Partners on Moldomin SA asset sale

bpv GRIGORESCU STEFANICA advises RTZ & Partners on Moldomin SA asset sale - 26 September 2011

bpv GRIGORESCU STEFANICA advises RTZ & Partners, Moldomin SA’s appointed liquidator, during the tender procedure for the capitalization of the debtor’s assets.

Since November 4, 2010 the mining company has entered into the insolvency procedure having as major creditor the National Agency for Fiscal Administration (ANAF). The announcement of the successful tenderer takes place nine months after the commencement of the assets’ capitalization procedure.

During this time, bpv GRIGORESCU STEFANICA team of lawyers assisted the judicial liquidator with the drafting of the capitalization procedure related documents and provided clarifications and support during negotiations of offers submitted by the bidders. Amid the importance of the assets subject to capitalization and the foreseeable investments that led to disputes, the law firm also represented Moldomin’s interests and its creditors’ before competent courts of law.

bpv GRIGORESCU STEFANICA will further assist RTZ & Partners in the negotiation and signing of the contract with the winning bidder, as well as with the completion of the procedure on the capitalization of Moldomin’s assets.

The team of lawyers is led by Partner Daniel Stefanica, co-head of the dispute resolution department of bpv GRIGORESCU STEFANICA.

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Moldomin SA is a Romanian mining company founded in 1965. Its main activity is based on the extraction and preparation of nonferrous and rare ore, as well as exploiting the copper body ore.

RTZ & Partners is a specialized business recovery & bankruptcy firm, headquartered in Cluj-Napoca, Romania. With a young and dynamic team of professionals and a consistent portfolio of clients, the firm is an important player on the Transylvanian insolvency market