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A.R.S Legal & Financial Services was established in 2014 and is based in Tirana. The firm is focused on financial and corporate work and has experience in M&A and restructuring and insolvency transactions.
Highlights
A.R.S Legal & Financial services advised QENDRA 75 LTD on market analysis as well as the preparation of the necessary documentation to obtain bank credit approval in August 2023.
The firm also advised NAMAZGJA LTD as a petitioner for liquidation by evaluating the financial situation, providing guidance on the optimal course of action, preparing and submitting the required documentation, and ensuring adherence to the relevant laws and regulations. The process began in 2023 and is currently ongoing.
Key Clients
ADELSE LTD; THE EAGLES TRADE LTD; QENDRA 75 LTD; TELELINK INFRA SERVICES LTD; NAMAZGJA LTD
Testimonials 2023/2024
“We have appreciated their team's professionalism, communication and willingness to find the best solution for every situation.” - Financial restructuring
“We appreciate several aspects of A.R.S Legal & Financial Services. Their team demonstrates deep knowledge and proficiency in handling complex legal matters such as contract drafting and regulatory procedures. The team is highly responsive, providing timely advice and support. They provide customized solutions that specifically address our needs.” - Project development
“The collaboration with A.R.S Legal & Financial Services has been successful. This is thanks to their team's professionalism, responsibility and demonstrated seriousness. They are a very supportive team, always transparent and ready to offer the best solutions for our company.” - Project development
“A.R.S Legal & Financial Services is a very serious law firm with a highly qualified team. They are always correct in providing their service and very willing to help their clients. Their team, cooperative spirit, and professionalism are the strong points of this law firm.” - Restructuring
Rina Saliaj
“Ms. Rina Saliaj is very knowledgeable in her field of study. She possesses an extensive experience in the market. Ms. Rina is very detail-oriented in the services she provides to clients and is always seeking the quickest and simplest solutions to situations. She is very professional and communicative.”
“Ms. Rina Saliaj possesses deep legal knowledge and extensive experience in the market. She critically analyzes legal issues, finding practical ang highly suitable solutions for her clients. She pays attention to even the smallest details in legal documents or procedures. Mrs. Rina Saliaj demonstrates a high level of professionalism, with excellent communication and negotiation skills.”
“Ms. Rina Saliaj is a professional in her field, always characterized by precision and seriousness in her work. Her strong point is communication and practicality, always offering the most effective solutions to her clients. She is careful in every detail, thus building reliable relationships with clients.”
“Ms. Rina Saliaj is a very well- prepared lawyer, characterized by her correctness in client relations and her dedication to offer the best solutions. She is very cooperative and highly attentive in carrying out every step of the legal procedures properly.”
CR Partners in cooperation with Karanovic & Partners is a full-service law firm from Tirana, Albania. The firm provides corporate and commercial legal services to local and global clients.
Highlights
The firm was engaged by Eurizon Capital SA to assist them with the licensing of their Luxemburg management company and some of their investment fund product in Albania. The transaction closed in February 2024.
The team is also advising Wolt to enter the Albanian market. The advice is currently ongoing.
Fare Impresa is a tax and law firm located in Tirana. It offers legal services in company formation in Albania, domiciliation, and representation.
Highlights
The firm advised on the etsablishment of Sun 82 SHPK. It provided advice on real estate, acqusitions, and financial operations of the client. The transaction closed in October 2024.
The team also advised on the establishment of IMA-Italia Marketing Albania SHPK, particularly with its work on due diligence. The transaction closed in November 2024.
Gjika & Associates is a corporate law firm based in Tirana since 2013. The firm is active in corporate and M&A, and also in project development.
Boga & Associates is a leading law firm established in Albania in 1993. The firm has grown over the years and has an additional office in Kosovo. Previously part of the KMPG Network until 2007, Boga & Associates is one of the top law firms in Kosovo. The firm has a team of prominent lawyers led by managing partner Genc Boga. The firm is active in financial and corporate practice where it advises on corporate deal and financial services regulatory deals.
Highlights
Boga & Associates is providing legal assistance and advice on the day-to-day banking activities of Banka Kombetare Tregtare (BKT). This includes legal opinions on the regulatory framework governing banking activities; advice on corporate governance and commercial issues relevant to the banking sector; legal assistance on contracts for the issuance of financial instruments, such as drafting and reviewing the terms and conditions of financial instruments; and detailed assessments of clearing and settlement procedures.
The team also provided legal assistance in relation to the development of energy projects in Albania including the installation and operation of a Floating Storage and Regasification Unit (FSRU) for regasification services. Their work included the preparation of documents and following the procedures for the establishment of an Albanian subsidiary and joint venture entity with Renco SpA, review of the shareholders agreement, and legal assistance with the incorporation of these entities. The project assistance is currently ongoing.
Key Clients
National Commercial Bank (BKT); DEPA Commercial S.A.; Albanian Energy Exchange; The European Bank for Reconstruction and Development (EBRD)
Testimonials 2023/2024
"Boga and Associates provide punctual and straight-to-the-point legal advice. It is pleasure to cooperate with the team and the cooperation is always with ease." (Banking Client)
Kalo & Associates is an established Albanian firm based in Tirana and with an office in Kosovo. It was created in 1994 by PërparimKalo, an M&A specialist.
The firm is a founding member of the SEE Legal network, connecting it to firms in 12 jurisdictions across Southeast Europe.
Highlights
Kalo & Associates advised Raiffeisen Bank Albania in the provision of syndicated loan financing to a major Turkish owned company that has built and owns and operates 3 big Hydro Power Plants in Albania. Their work included the preparation and negotiation of the syndicated loan facility agreement, the provision of legal services in respect of Corporate Guarantees and Personal Guarantees, and the follow up of conditions precedents. The transaction is ongoing.
The firm has also been engaged by Voltalia S.A to assist in the negotiation of the Project Development Agreement with the Ministry of Infrastructure and Economy, the Power Purchase Agreement with Offtaker, connection agreement with the Albanian Transmission System Operator and other commercial agreements with different partners. The team addresses legal matters of power sector law, renewable energy law and power market rules as well as in general public law, administrative law and civil law matters. The advice is ongoing.
Partner Jola Gjuzi left the Energy and Infrastructure in January 2024.
Key Clients
European Bank for Reconstruction and Development (EBRD); Raiffeisen Bank; Finance in Motion; SET SELECT GMBH; Voltalia S.A; Voltalia; CWP Global; WIZZ Air; LIDL Albania
Testimonials 2024/2025
They are very pragmatic and know the local market which helped in negotiations. (Project Development)
The team is very professional, has a lot of experience, strictly adheres to all deadlines, and is accessible at all times. (Project Development)
Oltjon Dano is to the point and provides local market applicable legal and factual advice. (Project Development)
Oltjon Dano is very good at customer management and is very transparent and professional. He has a lot of experience and is solution-oriented. (Project Development)
Testimonials 2023/2024
“Very responsive, smart, cost-sensitive" - Private equity
“Good know how in energy sector transactions and local practice in relation to PDA agreements with public entities.” - Project development
“Agile team with extraordinary knowledge of local legal landscape.” - Project development
Aigest Milo
“Reactive, cooperative, good legal knowledge.”
Frensis Nakuci
“She is an excellent and smart colleague, very responsive, thinking ahead, great as a team player, very nice to work with and knowledgeable about her market and industries.”
Established in 2003, Hoxha Memi and Hoxha is a full-service firm. It is based in Tirana and is most active in M&A and project development.
Highlights
The firm advised Apollo Funds in Albanian law matters in relation to transaction for the acquisition of a non-controlling interest in bp Pipelines TAP Limited. The transaction closed in September 2024.
The M&A team also assisted SD Worx People Solutions NV with Albanian law matters in relation to transaction for the acquisition of F2A. The transaction closed in September 2024.
Wolf Theiss is an Austrian firm with a European network that includes 13 jurisdictions. Its office in Albania is based in Tirana, where it is active in M&A and banking, and advises on cross-border transactions with international companies.
Highlights
The Banking & Finance team advises AYEN AS Energji as Borrower in a syndicated financing agreement with four Albanian banks for an amount of up to EUR 110 million which will be used for the refinancing of the construction of a hydropower plant. The transaction closed in October 2024.
The firm also advised NOA Cooperatief U.A. and NOA Holdings N.V. in the sale of their entire participation in NOA Sha. The transaction closed in December 2024.
Boga & Associates, established in 1993, is a multidisciplinary law firm in Albania and Kosovo, earning a strong reputation for providing the highest quality of legal, tax and accounting services to its clients. With expertise across diverse fields including corporate and commercial law, banking and finance, tax law, M&A, procurement, concessions and PPPs, employment, IP, real estate and litigation, the firm assists a varied client base, encompassing Fortune 500 companies, leading financial institutions and organizations spanning industries, such as energy, infrastructure, technology, telecommunications, tourism, healthcare, etc.
Boga & Associates is highly regarded in the legal and tax profession, maintaining a consistent track record of tier 1 rankings across esteemed international directories and publications.
Renowned for its work and dedication to providing clients with exceptional service, Boga & Associates has established itself as a trusted name in the legal and tax industry.
KALO & ASSOCIATES was established in 1994 and has become a large full service commercial corporate law practice operating both in Albania and Kosovo. The Firm represents prominent foreign and multinational companies and agencies, in a variety of sectors and industries across the globe, priding itself on its solution driven approach to client problems, offering tailored legal advice to suit specific needs.
K&A also enjoys regional recognition in South East Europe the strongest legal alliance in the Balkans - South East Europe Legal Group – from 12 jurisdictions providing seamless legal services including cross-border commercial transactions (www.seelegal.org).
