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act | Botezatu Estrade Partners alongside Teva Pharmaceuticals in its securitisation project

act | Botezatu Estrade Partners assisted Teva Pharmaceuticals on the accession by its Romanian subsidiary of the group’s securitisation programme, arranged by BNP Paribas, Dublin Branch.

The transaction entailed the financing of selected commercial receivables payable by Romanian customers, by using mechanisms specific to securitisation –assignments of receivables, ultimately followed by the issuing of financial instruments on foreign markets.

act | Botezatu Estrade Partners contributed to the review of the contractual implementation of the transaction, taking into consideration the peculiarities of the Romanian law, in the larger context of the recently enacted European securitisation regulation. The team of lawyers was coordinated by Ștefan Botezatu (Managing Partner) together with Laura Estrade (Partner) and backed by Alexandra Ovedenie (Counsel), Gabriela Olteanu (Counsel), Cristian Radu (Managing Associate), Andrei Mureșan (Managing Associate), Andrei Hâncu (Senior Associate) and Andrei Petre (Junior Associate).

Founded in 2016 by Stefan Botezatu (formerly Partner with international law firm Gide and CEE law firm Kinstellar) and Laura Estrade (formerly Associate with Gide and Counsel with Kinstellar), act | Botezatu Estrade Partners is the Romanian office of the European alliance act legal. With 16 offices in most of the largest European business centres and combined forces of around 425 attorneys, act legal is a one-stop shop for excellent legal support in Europe.