Turcan & Turcan
We realize this does not sound entertaining. However, since no one reads websites of law firms just for fun, we invite you to take a minute to review our practice areas in order to learn about our expertise. We like to think that this website will be easy reading. At least this is how we intended it to be.In brief, we specialize in banking & finance, acquisitions & privatizations, corporate & commercial, telecommunications & electricity law. We also have a good understanding and experience in the agriculture and non-profit sectors.We are all fluent in English, Russian and Romanian (Moldovan) languages.Some say we are the best in this market. It is usually our clients or legal market researchers who say that. But we also care about what competitors say about us. Feel free to ask them when you get a chance.We will not praise or judge ourselves on this website. We will however let you review our experience, and we will tell you what others say about us.We are not experts in every area of Moldovan law, because we prefer to specialize. We are rather good at what we do, and we like doing it. We like the law, the profession, and we are dedicated to the jurisdiction where we practice it.Banking and FinanceIt so happened that we became quite involved in this area and all most important banking and finance deals in Moldova are handled by our firm. Maybe because we like it. Or maybe because we always displayed a particular interest towards it. Or maybe because we received more and more mandates from clients in this area.Whichever are the reasons, when we work on a Moldovan banking or finance matter, we feel what a football player feels on his home territory. We feel responsible. We feel motivated.We have authored the 'Moldova' Chapter of the Global Financial Services Regulators, an impressive compilation by the UK publishers Richmond Law & Tax.Below are listed only some types of matters and transactions that have been negotiated and/or carried out with our participation:Financings- Representation of various international financial institutions in connection with tens of secured and unsecured financings of Moldovan commercial banks and non-banking lenders;- Representation of various international private and institutional lenders in connection with various project finance deals in Moldova in various industries;- Assistance to local borrowers in the process of obtainment of financings from international private and institutional lenders;- Assistance with various cross-company and shareholder financings;- Assistance to various local banks and non-banking lenders with the development of standard credit and security documentation;Equity- Counseling various international private and institutional lenders in relation to their equity holdings in Moldovan commercial banks;- Assisting various international private and institutional lenders in relation to acquisitions of equity interests in Moldovan commercial banks;- Assisting various international private and institutional lenders in relation to disposals of their equity holdings in Moldovan commercial banks;- Assistance with formation and licensing of new banks;Money Transfers- Advising of a various leading international money transfer institutions on a wide range of Moldova-related legal and regulatory matters;Acquisition and PrivatizationsClients have mandated us to work on some of the most significant privatizations of Moldovan state property. They have also engaged us to help them with a number of major private equity acquisitions. It could be because they trusted us. We are thankful to our clients for that trust. We like to preserve the trust of our clients in our work.Our firm has worked on the largest (and often historic or benchmarking) Moldovan corporate acquisition deals in the following sectors:- banking and finance- electricity- communications and media- food processing- glass products manufacturing- other industriesAlthough we usually advise purchasers, we also often act for sellers of equity. We are used to work with highly-regulated industries and often-changing equity transfer regulations. Corporate and ComercialAccording to Chambers Global , Turcan & Turcan is the leading commercial and corporate law firm in Moldova. This is true at least in relation to the past seven consecutive years.CORPORATE- we advise on all implications of the Moldovan company and business licensing laws;- we serve as secretaries of Board meetings and General Meetings of Shareholders of major Moldovan companies;- we advise majority shareholders;- we advise minority shareholders;- we advise groups of shareholders;- we participate in shareholder disputes, and help shareholders structure settlements;- we carry out periodic assessments of Moldovan corporate governance laws and practices for major IFIs and international development organizations;COMMERCIALWe are not experts in every trade, but we do have a good understanding of a number of industries. We have worked on hundreds (if not thousands) of various large and small commercial matters of our clients. Non-ProfitAn important client tier of Turcan & Turcan consists of entities operating in the non-profit sector. Please review some of the things we've done in this sector:Fundamentals- we assist in forming non-profit foundations, NGOs, and representative offices of international non-profits in Moldova;- we provide basic legal, employment and tax advice to non-profits;- we help non-profits in various transactions;- we sometimes litigate for the non-profits;Sector-SpecificOur non-profit clients are:- non-profit business associations- religious organizations- ‘red cross’ entities- international development contractors- human rights organizations- humanitarian aid providers- child care supporters- educational and cultural foundationsAncillary Legal ServicesWhenever you go to a steak house, you nevertheless expect them to make you a good vegetable salad. The following areas are not our ‘house specialty’. However, these are the ‘must’s of our practice.TaxationTax advice inherently plays its role in our firm’s practice of law. Our clients seek advice on a variety of tax issues, but mainly on the application and enforcement of income tax, including all forms capital gains and withholding taxes, social security taxes, value added tax and customs duties.We have:- helped clients develop tax models for their business and obtain tax exemptions;- assisted international tax experts in formulating tax efficient structures for their clients with interests in Moldova;- negotiated with tax authorities on various tax implications for clients in different industries;- litigated on Moldovan tax matters.Real EstateWe have the necessary experience to work on:- real estate sales and purchases;- property developments;- leases of production facilities, office spaces and residential premises.Employment & LaborAlmost all of our permanent clients require, from time to time, employment and labor law advice.- we have advised clients on numerous aspects of Moldovan employment and labor law;- we help negotiate and draft individual employment contracts;- we assist with collective bargaining agreements;- we advise shareholders on how to shape arrangements with senior management;- we have helped in handling difficult employment terminations;- although we are much in favor of amiable settlements and seek to advise clients accordingly, we have litigated in employment-related matters;- we have also advised and represented employees seeking to challenge groundless terminations.Dispute ManagementTurcan & Turcan is primarily a transactional law firm. However, we are often asked to get involved into various disputes.- we help clients negotiate and structure out-of-court settlements;- we have 'complex litigation' experience within all the levels of the Moldovan court system; we are selective about our court cases;- we cooperate with the litigation counsel of our business clients on 'offence' and 'defense' strategy formulation and development.

practice areas

Alternative Dispute ResolutionBanking LawCommercial LawCorporate LawFinanceIntellectual PropertyLabor and EmploymentReal EstateUnfair Competition

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