Turcan Cazac is a Moldovan law firm established in 1999 and based in Chisinau.
The firm has a strong practice in financial and corporate work and is well established in the market's top tier. The firm is led by founding partners Alexander Turcan and Octavian Cazac.
Highlights
The firm worked alongside global international counsel to advise ING Bank on a $178 million facility to TOI Commodities - part of the Trans-Oil Group. The transaction was a working capital loan which will fund the purchase, processing, storage and export of agricultural commodities from Moldova. The firm supported on the structuring of the English-law governed facility and drafted the security instruments.
The team acted for the joint bookrunners and joint lead managers on a EUR550 million bond issue by Aragvi Finance International. The deal was led by Vadim Taigorba and involved a large group of international counsel and foreign jurisdiction coordination. The bonds were listed on the Vienna Stock Exchange and represented only the third and the largest eurobond issuance by a group of companies with its core business in Moldova.
Elsewhere, the firm advised the EBRD on a Portfolio Risk Sharing (PRS) transaction, consisting in an unfunded portfolio guarantee provided by EBRD in favour of MAIB and OTP Bank. Working alongside internaitonal counsel, th deal was one of the first pilot implementations of the PSR product by the EBRD in Moldova.
Key clients
ING Bank, EBRD, TransGaz SA, IFC and Citigroup Global Markets
