Further international success for Maravela & Asoci

Maravela & Asociatii holds extensive experience in insolvency & restructuring, having become in time a reference on the market due to top clients represented, complex projects successfully closed and its reputed team.

Most recently, Managing Partner Gelu Maravela has been designated by the renowned international American directory Best Lawyers, as Lawyer of the Year 2016-2017 in Romania, for his insolvency and restructuring activity. Best Lawyers is one of the oldest and most respected international directories, based on polls amongst peers of the legal profession. Maravela & Asociatii’s insolvency & restructuring department has also been recently acknowledged by the reputed London based international directory The Legal 500, which placed the firm’s practice in the second tier, nationwide, in the Europe, Middle East & Africa 2016 guide. The Legal 500 is one of the landmarks in business law worldwide, releasing yearly rankings of law firms in all major jurisdictions. The aforementioned awards and recognitions are part of a wider series of national and international acknowledgements of the firm, its team and departments, acquired throughout time. Coordinated by Gelu Maravela, firm’s founding partner, alongside Mirela Metea, partner, the practice comprises 10 insolvency & restructuring specialized lawyers. Furthermore, the services provided by the affiliated insolvency house Trust Insolvency SPRL, led by Marius Hutanu and Dana Radulescu, ensure a multidisciplinary approach to each entrusted mandate. The co-managing partners of the insolvency & restructuring department were involved throughout their careers in major transactions, disputes or restructurings during insolvency proceedings, being known for their ability to turn restructuring and insolvency cases into successful mergers and acquisitions and for significant debt recoveries and other results driven strategies in files involving insolvent companies. Maravela & Asociatii’s insolvency & restructuring department’s most recent work highlights include: • representing a German investment group as main creditor of a Romanian textile producer with an international presence in over 60 countries, • assisting an important Dutch construction company regarding its Romanian subsidiary’s insolvency and reorganization, • over 50 separate debt recovery files from insolvent customers and/or customers undergoing restructuring proceedings (from the beginning of the year only), for the financial services division of one of the biggest automobile producers worldwide, etc. The total estimated value of the recently completed files as well as of those ongoing, started from the beginning of the current year exceeds Eur 300 million. For more information regarding the firm’s awards and nominations, the team, practice areas covered and services provided, please visit the official website of Maravela & Asociatii at or contact us directly by e-mail at

Posted by Alina Popescu

2016-07-25 08:03:42