Real Estate and Construction


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David & Associates SCA is general counsel to leading Romanian real estate developer Iulius Group. In addition to advising the group through its €175m refinancing and arranging both financing and refinancing for its three active malls, the firm had responsibility for advising on all aspects of the Palas Project, a major redevelopment of Iasi city centre with an estimated value in excess of €250m. The firm also acted for Russian steel company TMK on the multimillion-euro acquisitions of two office buildings and advised Impress and a large Italian company on two separate greenfield site investments. [Real estate and construction section]
Legal 500
2008 Edition

A recent shift in focus has seen this practice take on more real estate-related work for banking clients, such as Citibank, alongside its usual advice to developers. The team handles traditional real estate work such as acquisitions, due diligence, lease agreements and finance matters. Retail is also a strong niche area for the firm, and it represents Iulius Group, one of the country’s biggest retail developers, in shopping mall projects. Clients praised the lawyers for their“clarity of response – they always make sure business people can understand them, not just legal minds,” and for “always being available.” [The Firm, Real estate section]
Chambers Europe

2008 Edition

Clients include educational and non-profit institutions as well as hotel operators, offices and other businesses. [Client/Work Highlights, Real Estate Section]
Chambers Europe

2008 Edition

In 2006, David & Associates SCA began advising the Iulius Group, one of the leading Romanian real estate developers. The firm acted as general counsel, covering site assembly, construction, design, leasing and finance on several multimillion-euro deals for the company. Other major clients include the Dubai Port Authority and Russian steel company TMK. [Real estate & construction section]
Legal 500

2007 Edition

In 2008, Vernon│David is a ‘top-notch boutique firm’ according to clients, with partner Charles Vernon in particular praised for his ‘customer care skills’. The team has great strength in real estate financing, as well as acquisitions and development expertise. A major client is the Iulius Group, Romania’s largest shopping mall developer. Other important instructions have come from steel producer TMK, whom the firm advised on the €50m acquisition of several land plots and global manufacturer of metal packaging Impress.

Legal 500
2009 Edition

Clients of Vernon | Davidwould recommend it to others without a second thought’. The real estate practice encompasses the entire range of transactions, including financing, acquisition, regulatory, construction and litigation, largely because the firm represents some of the country’s largest developers. The firm acts as general counsel to Iulius Group and in the past 12 months has worked on over €700m worth of projects. Key matters included advising on the financing/refinancing of its three active malls in Iasi, Timisoara and Cluj, as well as with its newest mall project in Suceava. The Iulius Mall in Timisoara is the largest mall in Romania. The firm is also advising on all aspects of the Palas Project – the redevelopment of the city centre of Iasi – including financing, joint venture issues, construction, design and site assembly. This is the largest project of its kind in south-east Europe with a value well in excess of €250m.

Legal 500
2010 Edition