Mugur Filipescu

Mugur Filipescu

Co-Founding Partner (1968 - 2022, retired 2019)

“Partnership is a mutual endeavor in which each partner inspires the other. With time, we have learned that something constructive arises out of every challenge. We only grow when we dare ourselves to take our clients further.”

Mugur Filipescu was a co-founding partner of Voicu & Filipescu and one of the firm’s founders.  His primary focus over the recent years has been to represent foreign and domestic clients in all phases of their business activities. Mugur Filipescu’s work and experience included corporate matters, mergers and acquisitions and privatizations. He has been closely involved in international trade, banking and financial transactions, including all aspects of negotiation and drafting of relevant contracts. In addition, he had a special competence in oil industry legal matters, having acted as leader in legal teams assisting and supervising various projects related to the oil industry.

Mugur Filipescu founded Voicu & Filipescu in 2001, by means of the acquisition together with Daniel Voicu of the Romanian office of the international US based law firm of Arent Fox Kitner Plotkin & Kahn, PLLC.

Education Law School – University of Bucharest (1995)
Memberships Bucharest Bar Association (1995)
National Union of Insolvency Practitioners in Romania
Languages Romanian, English

Representative Projects ...

 Assisted natural gas distributor and the licensee of the natural gas distribution grid in a Romanian city on a variety of legal matters in connection with the client’s day-to-day business activity; rendered services include continuous advice on corporate matters, assistance on a spin-off project, advice on various employment matters, assistance to the company acting as lender in obtaining a loan, as well as general legal support in connection with a major crisis management situation faced by the client.
 Assisted one of the most important energy suppliers and traders active in the SEE, on general legal matters in connection with the client’s day-to-day business activity; rendered services include corporate aspects for the Romanian mother companies and foreign subsidiaries, various real estate projects and advice on energy matters, covering regulatory and specific contracts.
 Assisted three major Banks on an intercreditor agreement and in connection with the clients’ granting a USD 205 million term facility to a major Romanian oil and gas company. Rendered services included security package structures, preparing security documents under Romanian laws, previous securities release and registering new securities, advice on the enforcement of a number of securities.
 Assisted European Energy Efficiency Fund (EEEF) S.A., SICAV-SIF acting one of the world’s leading financial service providers as investment manager, on various legal matters on licensing the client’s activity of professional lending in Romania, in connection with a subordinated loan committed to a Romanian bank, for the subsequent lending in ESCO and energy efficiency projects; rendered services included regulatory aspects, as well as reviewing and negotiating the loan agreements for subordinated loans.
 Assisted a natural gas distributor and grid constructor, active in the South part of Romania, on a variety of legal matters in connection with the client’s day-to-day business activity.
 Assisted natural gas distributor and grid constructor, active in the South part of Romania and part of a major investments group in the process for the negotiation of credit facilities in amount of EUR 3.4 million aimed at financing the client’s investments in its natural gas grid expansion, as well as of a security – loan agreement in amount of approximately EUR 1.5 million and guarantees thereon with a major Romanian Bank; specific assistance in connection with structuring the securities package and obtaining the necessary licenses and approvals.
 Leader of the legal team advising a major Romanian oil and gas company on matters related to its day-to-day business activity. Services covered assistance on joint ventures, drafting and negotiating farm-out agreements, advice on financing, cogeneration related matters etc.
 Leader of the legal team advising a major Romanian oil and gas company on all significant legal issues in connection with the company’s privatization.
 Advised the European investment fund Environmental Investment Partners in relation to the acquisition of a natural gas distributor, including full due diligence investigations related to the specific operation of the target company.
 Romanian team leader of the project team retained in connection with the restructuring of an international oil group with operations in 12 countries and provided continuous assistance on legal matters related to its day-to-day business activity.
 Retained by the global group of energy and petrochemicals companies as special advisor in the sale of its gas station chain towards Hungarian oil ang gas distributor.
 Assistance to the Romanian subsidiary of one of the largest insurance groups in Germany, by coordination of teams advising in connection with a series of employment litigation cases initiated against the client by former employees including preparation and submission of relevant case file documents, court assistance.
 Assisted, one of the major vehicle importers in Romania, coordinating advice on corporate, employment, contracts and other day-to-day related matters as well as in litigations relating to labor issues.
 Assisted a US independent company active in the gas business, on all corporate and other legal issues related to the acquisition of a Romanian company acting in the same industry, including drafting all legal documents necessary for further implementation of the transaction and further formalities with the state authorities.
 Assisted the majority shareholder of the major natural gas supplier and distributor in the sale of the said company to a company acting in the same industry.
 Assisted one of the most important German Banks in the project for setting up a technology center in Romania and successfully obtaining a State aid incentive; coordinating multi-disciplinary teams advising on corporate, state aid monitoring, employment, tax, compliance, contracts and other day-to-day related matters.
 Assisted one of the most important Romanian banks acting as buyer, in connection with the attempted acquisition of all Romanian operations of a Bank from Cyprus, including full due diligence investigations, assessment of merger control implications and transaction assistance (including transaction structuring in consideration of the competition related implications).
 Assisted three major banks acting as lenders, in connection with a EUR 300 million loan granted to Romanian leading TV and a major internet services provider, to be used for refinancing and acquisitions.
 Assistance to the seller – shareholders of a Romanian bank listed on the Bucharest Stock Exchange – as legal counsel in the procedure of selling a majority stake.
 Assisted a major independent international private equity group with a specific focus on transitional economies, such as those found in Central and Eastern Europe and Asia, in the acquisition of the majority stake in two important Romanian insurance companies, as well as in the subsequent sale of the said stake towards a joint venture.
 Assisted a major independent international private equity group in the acquisition of shares from approximately 7,000 of the minority shareholders of a Romanian Bank, holding 20% of the bank’s shares, and subsequently in the sale of the said 20% stock to a Hungarian bank held by a German Bank Group.
 Advised the minority shareholders cumulating 22% of the social capital of a market leader in the mobile phone area, in the process of selling their shares to the majority shareholder for a price exceeding US$ 400 million.
 Advised a leading provider of financial services in Central and Eastern Europe, in the entire process of the sale of a major Romanian insurance company, to a main Austrian insurer, for a total consideration exceeding Euro 70 million.
 Assistance to the seller in the acquisition of a multi-brand automotive dealer in the first exit on the Romanian automotive market.
 Advised the European wood industry leader, in the entire process of acquisition (due diligence, negotiation of the transaction documents, competition fillings, etc.) of two wood processing factories held in Romania by a Italian leader of the same industry. The transaction has been publicly estimated at over Euro 200 million and originated the strongest player on the Romanian wood base panel market.
 Advised a leading insurance company, in the due diligence investigations of another two major Romanian insurance companies, including providing the client with reports on corporate and other legal issues related to the said companies.
 Advised the telecom company of a fully-owned subsidiary, in the purchasing of 100% of the largest alternative telecom operator in Central Europe, from a banking syndicate, including due diligence on specific corporate and other legal issues, during the international acquisition of the group.
 Advised one of the most important Austrian banks in the acquisition of a majority stake in the Romanian state-owned bank.
 Representation of a leader in Dutch financial services market in granting a facility to a major Dutch group, on all matters related to the loan up to EUR 60 million, secured with assets and shares of the Romanian subsidiary of the group, active in the transportation field.
 Representation of one of the world’s largest wood based panel producers on all matters of Romanian law in relation with a loan facility of EUR 130 million granted by a multinational bank, including during negotiations of loan documentation and security package, creation of security, corporate resolutions and fulfillment of conditions precedent.
 Representation of a global leader in the processing of secure electronic financial transactions for banks, retailers and mobile operators, as Romanian counsel in the process of revolving line of credit of EUR 30 million with its German subsidiary and a major American Bank.