Ionuț Bohâlțeanu
Ionuț Bohâlțeanu joined Musat & Asociatii in 2004. He has built an impressive expertise in taxation matters while also being acknowledged for his experience in corporate/mergers & acquisitions, as well as energy and equity capital markets. With tax as his main area of practice, Ionuț is both an attorney at law (admitted) and a certified tax adviser. His dual qualification has enabled him to provide complex legal advice on taxation projects spanning transaction structuring for fiscal optimization purposes, tax effects of state aid, as well as direct and indirect taxation. At the same time, his in–depth knowledge of legal aspects coupled with his economic background allowed Ionuț to gain a multifaceted understanding of complex transaction structures and mechanisms.
During his career, Ionuț provided specialist top–notch legal and tax advice to important national and multinational companies in transaction structuring and restructuring for tax optimization projects, including leasing, finance, corporate structuring and VAT matters and custom duties. His other specialisation is built around energy and equity capital markets, assisting clients in major transactions, such as the EUR 820,000,000 successful acquisition of Electrica Muntenia Sud by Enel or the Rompetrol Group NV acquisition of the remaining free float of Rompetrol Rafinare and Rompetrol Well Services, so far the most successful mandatory public offer ever conducted on the local capital market.
Show moreA selection of recent experience includes advising:
- Monsanto, SAB Miller and Delhaize in complex taxation projects including transaction structuring for fiscal purposes, income tax, VAT and custom duties.
- PPF Partners, a large Czech private equity fund, on the whole array of tax matters resulted from its EUR 200,000,000 acquisitions in the banking and hotels sectors, as well as utilities, including post acquisition tax matters.
- A leading players in the IT&C&Telecom sector with respect to structuring of a wide array of customs operations of the Romanian subsidiary in line with existing European arrangements of the group as well as in securing related customs licenses, authorizations and permits.
- Enel SpA (Italy) in connection with complex legal and functional unbundling project following the EUR 820,000,000 acquisition of Electrica Muntenia Sud (the largest electricity distribution company in Romania) including advising on the corporate and functional reorganization of the target , its integration in the group and the whole range of regulatory issues arisen as a result of the unbundling and integration process, assistance in respect of multiple taxation, social security, VAT and income tax related matters.
- A leading Romanian player in the FMCG sector in drafting and implementing the restructuring strategy of various companies within the group, aimed inter alia at optimizing its tax structure.
- Boston Scientific Corporation, a world leading producer of medical equipment, in connection with the Romanian tax regime applicable to a triangular distribution structure to be implemented for distribution of products in Romania.
- Telefonica International Wholesale Services, a major European provider of global telecommunication wholesale services, in connection with the tax implication in case of purchasing, installation and operation of telecommunication equipment in Romania.
- Campofrio Food Grup, a major processed meat European company, in connection with the tax implications related to the implementation of a stock option plan in Romania.
- KBC Group in connection with various taxation issues arising out or in connection with its acquisitions of Romstal Leasing IFN SA (a leading leasing company) and KBC Securities Romania SA (a top Romanian investment firm) as well as in connection with post–acquisition tax matters. Also representing Romstal Leasing in a fiscal litigation case opened against the National Agency for Fiscal Administration (ANAF) on VAT, income tax and other duties due to the State budget.
- Abbott concerning the tax effects of the consolidation of its Romanianbased vehicles, including a representation office and a subsidiary, via transfer of assets and related personnel, an exercise meant to integrate the new Solvay business.
- DSU Romania, part of the Thyssenkrupp group, in a judicial procedure against the seizure of stocks consisting of its patented invention of a road building material in value exceeding EUR 6,000,000. The seizure forced upon our client has been implemented to secure alleged payment of taxes owed to the supposed wrongful registration of non–deductible expenses.
- Mega Image, the Romanian network of the major international food retailer Delhaize Group, in connection with the restructuring and the winding–up of a number of entities within the group. Legal assistance included analyzing and optimizing the tax effects with regard to profit tax, VAT and local taxes related to the transfer of assets before and during the winding–up process.
- Enel SpA on the acquisition of several energy companies owned by the Romanian State among which a 800 MW Hard Coal Capacity Located in Braila, with investment in excess of EUR 1 billion.
- A leading European utilities company in connection with the successful acquisition of a major renewable project, for the purposes of developing a 200 MW wind power plant in the south of Romania
- Romanian Regulatory Authority on the Gas Sector (ANRGN) as lead legal counsel in connection with the drafting and development of the secondary legislation in the gas market.
- The Ministry of Economy and The Office for State Ownership and Privatisation in Industry (OPSPI) in connection with the secondary public offering on the Bucharest Stock Exchange for the purposes of the sale by the Romanian State of 15% of the share held in TRANSGAZ (The National Gas Transmission Company), with a total estimated value of 100,000,000 EUR.
- Rompetrol Group NV, one of the largest gas and refining business in Romania, in connection with the EUR 90,000,000 acquisition of the remaining free float of Rompetrol Rafinare SA, so far the most successful mandatory public offer ever conducted on the Bucharest Stock Exchange.
- The Ministry of Economy and The Office for State Ownership and Privatisation In Industry (OPSPI) in connection with the secondary public offering on the Bucharest Stock Exchange for the purposes of the sale by the Romanian State of 15% of the shares held in Transelectrica (the national transport operator in the electricity sector).