Insolvency advice coordinated by Mihai covers judicial and voluntary corporate reorganization, pre-insolvency proceedings, bankruptcy and liquidation, asset recovery and/or negotiations with debtors and creditors as well as complex insolvency litigations in all industries, including energy, constructions, pharma, retail, and financial.
In employment matters, Mihai advises Romanian and international clients across all industries on both advisory and contentious mandates. His practice covers employee rights and benefits, workforce restructuring and transfers, collective bargaining and consultation, disciplinary and professional unfitness procedures, redundancies, and discrimination and harassment claims.
Drawing on his dual expertise, Mihai brings a distinctive strategic perspective to situations in which financial distress, business transformation and workforce considerations intersect. He is regularly entrusted with highly sensitive and complex mandates, guiding clients through key decisions and developing pragmatic, commercially focused solutions that balance legal risk with long-term business objectives.
A major Romanian State owned company, whose main activity is passenger air transport, throughout the insolvency proceedings. The mandate, in relation to the insolvency proceedings, is to implement the Reorganisation Plan in order to preserve a company of national strategic interest and to settle the claims of its creditors, which amount to over EUR 400 million.
The largest Romanian company specialized in construction of hydropower stations and dams, with a tradition in this field of over 75 years, currently in insolvency. The mandate consists mainly in developing a reorganization plan aimed at successfully reintegrating the company and paying off its debts amounting to approximately EUR 100 million.
One of the largest local construction companies, during the bankruptcy procedure with a total amount of creditor’s receivables requested during the procedure amounting to EUR 100 million.
Romania’s largest heating system administrator, in a high-profile high-value dispute filed by Electrocentrale Bucureşti S.A. (ELCEN) against the Municipality of Bucharest. ELCEN, as principal creditor, requests that the Municipality of Bucharest be held liable for the entirety of the Client’s statement of affairs, worth more than EUR 850 million.
The Romanian subsidiary of the largest French manufacturer in the pharmaceutical field, in the insolvency procedure of two important Romanian distributors of pharmaceutical products. Our mandate in both procedures includes drafting the receivables claims, representing the client before the syndic judge and creditors’ meetings, writing and defending appeals regarding the registration of debts in the list of debts. The global debts requested by all the creditors amount to approximately EUR 63 million in the case one distributor, respectively EUR 58 million in the case of the other distributor.
The Romanian Government and the Ministry of Communication and Information Technology (as a part of a consortium with Roland Berger), in connection with a complex restructuring process involving the Romanian national post company, as a first step towards its privatization to a strategic investor.
A leading real estate investment group, during the insolvency procedures initiated against debtors, arising from the infringement of a FIDIC construction agreement, with aggregate claims of approx. EUR 21 million.
One of the world’s largest commercial jet aircraft leasing companies, managing over 329 aircrafts, during the bankruptcy procedure of a major low-cost airline.
A major European energy distributor, in the successful restructuring of its Romanian subsidiaries in an unbundling process of its supply and distribution divisions in Romania.
The Ministry of Energy, on all labour and employment issues in connection with the restructuring of the largest electricity producer in Romania, including management restructuring, collective dismissals, individual dismissals, union consultations, drafting compensation plans, restructuring and business transfer, as well as labour.
Three major distribution electricity companies, in one of the most complex labour mandates, on post-¬acquisition matters arising in connection with supply and distribution unbundling and integration into the group. Legal work included an extensive review of applicable personnel arrangements and internal organization structure, proposing possible employment integration and assistance.
The Romanian subsidiary of one of the largest producers of home appliances in the world, for the negotiation of its collective bargaining agreement and the settlement of various labour disputes with the trade union, assistance in relation to the possibilities of the client to terminate the collective work conflict; customized advice during the employees strike, assistance related to the right to pension of foreign citizens working in different EU member states, including Romania, disciplinary investigations, the termination of individual employment agreements, non-competition and labour security matters, as well in labour disputes.
A Romanian company in the air transportation industry, in over 40 employment litigation files related to alleged salary rights and various other rights claimed by trade unions and employees.
A multinational company in the FMCG industry with respect to a broad array of employment-related issues, including termination of individual employment agreements for top management and executive positions, reviewing the collective bargaining agreement at the company level, and ensuring compliance of the company’s internal set of policies and regulations with the requirements of Romanian laws.
An American multinational company in the agrochemical and agricultural biotechnology industry on various matters related to the operation of its Romanian entity, focusing on the election of employee representatives, negotiation of the collective bargaining agreement, customization of employment agreement clauses, disciplinary investigation procedures, customization of disciplinary processes for management employees, and implementing teleworking activities.
A British company in the oil and gas facilities service industry in relation to the transfer of over 1,000 employees involved in the operation of an oilfield and its satellites, in line with TUPE Directive requirements, as well as in connection with disciplinary termination of employment agreements and various labour disputes.
A Germany-based global provider of plasma proteins therapies and diagnostics – in the insolvency proceedings initiated against a Romanian pharmaceuticals distributor for the recovery of EUR multimillion commercial debts.
The largest heating system administrator in Romania in a high-value dispute filed by one of Bucharest biggest electricity producer against the City Municipality in its capacity as principal creditor requesting that the City Municipality be held liable for the entirety of debtor’s statement of affairs, worth more than EUR 850 million.
One of the largest snack companies in the world, on the EUR 2 billion acquisition of a high-growth European leader in croissants and baked snacks, with respect to all employment matters regarding the deal including various aspects of the transfer of employees linked with the take-over of various business lines, being actively involved in the due diligence phase and also in the actual implementation of the transfer.
A global leader in the supply of digital services, with annual revenues of circa € 12 billion and employing approximately 100,000 employees in 72 countries, in connection with the implementation of various annual employee share offerings in Romania.
One of the world largest producer of materials and additives for the construction industry, in connection with several employment matters regarding the EBA/EBC separation of MBCC Group (following the EUR 5.2 billion acquisition of MBCC Group from Lone Star Funds, a global private equity firm; on which we also advised on all Romanian legal aspects of the acquisition), one of the leading suppliers of construction chemicals and solutions worldwide, with special focus on the automatic transfer of employees and other employment issues which may impact the transaction.