Tuca Zbarcea taps into insolvency market

Law firm Tuca Zbarcea & Asociatii, one of the largest players on the legal market, has established TZA Insolventa, which will operate in the insolvency sector, viewed by lawyers as a major generator of contracts and revenues in times of crisis. The new entity will be coordinated by one of the firm’s 16 partners, Robert Rosu, and will, in a first stage, consist of a team of seven insolvency practitioners. “Setting up the insolvency firm is a natural response to the convulsions generated by the current economic and financial crisis. Over the last few months, we have had almost twice as many requests for specialised services as before. Specifically they entailed opening insolvency proceedings against various debtors, as well as challenging rulings of Romanian courts,” Rosu said.