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Key contacts
Senior Partner: Gheorghe Muşat
Managing Partner: Paul Buta
Deputy Managing Partner: Iulian Popescu
Deputy Managing Partner:  Răzvan Stoicescu
Quick facts
Number of lawyers

80

Number of partners

17

Languages

Romanian, English, French, German, Italian, Spanish

Key practice areas
Banking and finance
Banking
Project finance
Capital markets
Capital markets : Debt
Capital markets : Equity
Financial and corporate
Corporate and M&A
M&A
Energy and infrastructure
Project development
Firm overview

Muşat & Asociaţii’s name stands for the highest level of expertise and commitment in assisting clients in business matters.

For over 30 years, Muşat & Asociaţii has provided legal advice for the most dynamic national and multinational private companies across various industries, as well as for state owned companies and the Romanian authorities.

Our diverse practice allows us to work for many major US and EU corporations investing or doing business in Romania, most of which are listed in the Fortune 500. 

Key transactional practices
  • M&A
  • PPP/PFI
  • Banking
  • Financial services regulatory
  • Project finance
  • Structured finance/securitisation
  • Private equity
  • Investment funds
  • Hedge funds
  • Covered bonds
  • Restructuring and insolvency
  • Competition
  • Capital markets: High yield
  • Capital markets: Equity
  • Capital markets: Derivatives
  • Capital markets: Debt
Address:
43 Aviatorilor Blvd., 1st District,
011853
Bucharest
Tel:+40 21 202 5900 Fax:+40 21 223 3957 Email:Contact Us Web Address:https://www.musat.ro/en/
Rankings published in 2026
Banking and finance
Tier 3
31 firms ranked
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Tier 1

CMS Cameron McKenna Nabarro Olswang
11 practice areas
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Clifford Chance Badea
11 practice areas
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Dentons Europe - Zizzi si Asociatii SPARL
6 practice areas
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Radu Tărăcilă Pădurari Retevoescu SCA (RTPR)
11 practice areas
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Tier 2

Kinstellar
11 practice areas
View profile
Nestor Nestor Diculescu Kingston Petersen
10 practice areas
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Schoenherr & Asociaţii
11 practice areas
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Ţuca Zbârcea & Asociaţii
11 practice areas
View full profile

Tier 3

Filip & Company
10 practice areas
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Muşat & Asociaţii
11 practice areas
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Reff & Asociaţii - Member of Deloitte Legal
10 practice areas
View full profile
Volciuc-Ionescu
10 practice areas
View profile
Wolf Theiss
8 practice areas
View profile

Tier 4

Bulboaca & Asociaţii
9 practice areas
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Leroy & Asociaţii
11 practice areas
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Popescu & Asociatii
7 practice areas
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Popovici Niţu Stoica & Asociaţii
11 practice areas
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Suciu Partners
9 practice areas
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Tier 5

DLA Piper Dinu
7 practice areas
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Zamfirescu Racoti Vasile & Partners
9 practice areas
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Notable

D&B David si Baias
6 practice areas
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Drakopoulos
6 practice areas
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Legal Ground
9 practice areas
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Pavel Margarit & Associates
2 practice areas
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PeliPartners
4 practice areas
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Rădulescu & Mușoi Attorneys at Law
4 practice areas
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Stratulat Albulescu Attorneys at Law
6 practice areas
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Vlăsceanu & Partners
4 practice areas
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Voicu & Asociații SCA
9 practice areas
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Capital markets : Debt
Tier 3
14 firms ranked
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Tier 1

Clifford Chance Badea
11 practice areas
View profile
Filip & Company
10 practice areas
View profile
Radu Tărăcilă Pădurari Retevoescu SCA (RTPR)
11 practice areas
View full profile

Tier 2

Dentons Europe - Zizzi si Asociatii SPARL
6 practice areas
View profile
Schoenherr & Asociaţii
11 practice areas
View profile

Tier 3

Kinstellar
11 practice areas
View profile
Muşat & Asociaţii
11 practice areas
View full profile
Volciuc-Ionescu
10 practice areas
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Ţuca Zbârcea & Asociaţii
11 practice areas
View full profile

Notable

CMS Cameron McKenna Nabarro Olswang
11 practice areas
View profile
Dutescu & Partners
2 practice areas
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Legal Ground
9 practice areas
View profile
Leroy & Asociaţii
11 practice areas
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Capital markets : Equity
Tier 3
15 firms ranked
View full list

Tier 1

Clifford Chance Badea
11 practice areas
View profile
Filip & Company
10 practice areas
View profile
Schoenherr & Asociaţii
11 practice areas
View profile

Tier 2

CMS Cameron McKenna Nabarro Olswang
11 practice areas
View profile
Dentons Europe - Zizzi si Asociatii SPARL
6 practice areas
View profile
Radu Tărăcilă Pădurari Retevoescu SCA (RTPR)
11 practice areas
View full profile

Tier 3

Muşat & Asociaţii
11 practice areas
View full profile
Nestor Nestor Diculescu Kingston Petersen
10 practice areas
View full profile
Popovici Niţu Stoica & Asociaţii
11 practice areas
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Ţuca Zbârcea & Asociaţii
11 practice areas
View full profile

Notable

Dutescu & Partners
2 practice areas
View profile
Leroy & Asociaţii
11 practice areas
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Popescu & Asociatii
7 practice areas
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Reff & Asociaţii - Member of Deloitte Legal
10 practice areas
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Stoica & Asociatii
2 practice areas
View profile
M&A
Tier 3
42 firms ranked
View full list

Tier 1

CMS Cameron McKenna Nabarro Olswang
11 practice areas
View profile
Radu Tărăcilă Pădurari Retevoescu SCA (RTPR)
11 practice areas
View full profile
Schoenherr & Asociaţii
11 practice areas
View profile

Tier 2

Clifford Chance Badea
11 practice areas
View profile
Filip & Company
10 practice areas
View profile
Nestor Nestor Diculescu Kingston Petersen
10 practice areas
View full profile
Popovici Niţu Stoica & Asociaţii
11 practice areas
View profile
Wolf Theiss
8 practice areas
View profile
Ţuca Zbârcea & Asociaţii
11 practice areas
View full profile

Tier 3

D&B David si Baias
6 practice areas
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DLA Piper Dinu
7 practice areas
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Dentons Europe - Zizzi si Asociatii SPARL
6 practice areas
View profile
Kinstellar
11 practice areas
View profile
Muşat & Asociaţii
11 practice areas
View full profile
Reff & Asociaţii - Member of Deloitte Legal
10 practice areas
View full profile
Stratulat Albulescu Attorneys at Law
6 practice areas
View profile
Suciu Partners
9 practice areas
View profile

Tier 4

Leroy & Asociaţii
11 practice areas
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Popescu & Asociatii
7 practice areas
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bpv Grigorescu Ştefănică
11 practice areas
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Tier 5

AS LEGAL ADVICE
3 practice areas
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Bulboaca & Asociaţii
9 practice areas
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Glodeanu & Partners
3 practice areas
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MPR Partners
3 practice areas
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ONV LAW
4 practice areas
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PeliPartners
4 practice areas
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Peterka & Partners
6 practice areas
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Vernon | David
5 practice areas
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Voicu & Asociații SCA
9 practice areas
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Volciuc-Ionescu
10 practice areas
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Notable

Biriș Goran
2 practice areas
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Băncilă Diaconu și Asociații
6 practice areas
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Drakopoulos
6 practice areas
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LYNX Romania
3 practice areas
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Legal Ground
9 practice areas
View profile
Mitel & Asociaţii
5 practice areas
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Pavel Margarit & Asociaţii
4 practice areas
View profile
Rădulescu & Mușoi Attorneys at Law
4 practice areas
View profile
Stratula & Asociaţii
2 practice areas
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Vlăsceanu & Partners
4 practice areas
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Project development
Tier 3
31 firms ranked
View full list

Tier 1

Nestor Nestor Diculescu Kingston Petersen
10 practice areas
View full profile
Schoenherr & Asociaţii
11 practice areas
View profile
Ţuca Zbârcea & Asociaţii
11 practice areas
View full profile

Tier 2

CMS Cameron McKenna Nabarro Olswang
11 practice areas
View profile
Dentons Europe - Zizzi si Asociatii SPARL
6 practice areas
View profile
Popovici Niţu Stoica & Asociaţii
11 practice areas
View profile
Suciu Partners
9 practice areas
View profile

Tier 3

Clifford Chance Badea
11 practice areas
View profile
DLA Piper Dinu
7 practice areas
View profile
Filip & Company
10 practice areas
View profile
Kinstellar
11 practice areas
View profile
Leroy & Asociaţii
11 practice areas
View full profile
Muşat & Asociaţii
11 practice areas
View full profile
Radu Tărăcilă Pădurari Retevoescu SCA (RTPR)
11 practice areas
View full profile
Volciuc-Ionescu
10 practice areas
View profile
bpv Grigorescu Ştefănică
11 practice areas
View profile

Tier 4

Glodeanu & Partners
3 practice areas
View profile
ONV LAW
4 practice areas
View profile
PeliPartners
4 practice areas
View profile
Popescu & Asociatii
7 practice areas
View full profile
Reff & Asociaţii - Member of Deloitte Legal
10 practice areas
View full profile
Stratulat Albulescu Attorneys at Law
6 practice areas
View profile
Voicu & Asociații SCA
9 practice areas
View profile
Wolf Theiss
8 practice areas
View profile

Notable

Bulboaca & Asociaţii
9 practice areas
View profile
Băncilă Diaconu și Asociații
6 practice areas
View profile
Ijdelea & Associates
2 practice areas
View profile
Mihailescu Legal
1 practice area
View profile
Nyerges & Partners
2 practice areas
View profile
Pavel Margarit & Asociaţii
4 practice areas
View profile
Vlăsceanu & Partners
4 practice areas
View full profile
Linked Reviews
Financial and corporate

Muşat & Asociaţii is a full-service independent law firm based in Bucharest, Romania. The firm was founded in 1990 and has had a presence in the market for over 30 years. The firm has a particular focus on banking and finance, M&A and project development work. The firm was active in trade and acquisition financings, regulatory advice, refinancings, bidding work, infrastructure projects and joint ventures.

 

Highlights 

The firm advised SNGN Romgaz on its €150 million uncommitted credit facility from Banca Transilvania for current business purposes.   

The firm, in collaboration with the international law firm Hogan Lovells, advised SNGN Romgaz, on the implementation of an EMTN program with a total value of €1.5 billion and the issuance of the first tranche of bonds worth €500 million.          

 

Key clients 

Citibank, JP Morgan, RBC, Northern Trust, State Street, and The Bank of New York Mellon.

 

Testimonials 

“Very professional, pro-active, great knowledge of law and practice, committed, tremendous experience in banking and finance and in real estate. One partner is heading both departments, which is a real plus for clients.” - Banking and finance Client

“Great professionals, fast reactions, always concerned about the client’s needs, very well connected in the market, great expertise etc.” - Banking and finance Client

“We would like to express our sincere appreciation for the lawyer’s outstanding performance in handling the assigned task. Their commitment, attention to detail, and prompt responsiveness were truly commendable. Their ability to address our concerns quickly and effectively demonstrated a high level of professionalism and dedication.” - M&A Client

“The associates at Musat are incredibly knowledgeable, providing extensive guidance on local laws and regulations. They are specialised in complex work and are extremely helpful.” – Restructuring Client

“They are extremely reliable, very prompt and always provide qualitative legal support. They look around corners and offer the best solution for the client.” – Restructuring Client

“Alina helped us a ton! She is very knowledgeable on corporate topics and can quickly switch between several questions in a dynamic deal. Very friendly service with a lot of expertise.” – Alina Colibaba

“He consistently demonstrates strategic thinking and a proactive approach to risk management.” - Andrei Ormenean

“I highly recommend Monia for her professionalism, expertise, and dedication. She provided clear advice, communicated promptly, and worked diligently to achieve the best possible outcome. I felt confident and well-supported throughout the process.” – Monia Dobrescu

“Very experienced, good knowledge of law and market practice, nice personality (understanding, easy to work with, empathetic), can be a little tough when negotiating, extremely knowledgeable and pays attention to details.” – Monia Dobrescu

“Sirin has consistently proven a reliable lawyer, who has in-depth knowledge of our multiple businesses and her prompt and pragmatic support has been critical in maintaining corporate compliance in our jurisdiction. She is a model for our other law firms across the EMEA region.” – SirinStan

Deal Highlights
14 results14 results
Deal Name Deal Date Firm Name Jurisdiction Deal Type Lawyer Names Client Names Client Role
EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT - Financing
2020-01-03
Muşat & Asociaţii
Oman
Financing
Monia Dobrescu
EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOPMENT
Lender
PREMIER CAPITAL PREMIER RESTAURANTS ROMANIA - Restructuring
2020-11-01
Muşat & Asociaţii
Oman
Restructuring
Răzvan Stoicescu, Monia Dobrescu
PREMIER CAPITAL PREMIER RESTAURANTS ROMANIA
Debtor
PPF BANKA - Financing
2021-02-25
Muşat & Asociaţii
Oman
Financing
Monia Dobrescu
PPF BANKA
Lender
CHINA DEVELOPMENT BANK - Restructuring
2020-01-04
Muşat & Asociaţii
Oman
Restructuring
Monia Dobrescu
CHINA DEVELOPMENT BANK
Debtor
XPO Logistics - Secondary share offering
2020-01-02
Muşat & Asociaţii
Oman
Secondary share offering
Răzvan Stoicescu
XPO Logistics
Issuer
ATOS - Secondary share offering
2021-02-25
Muşat & Asociaţii
Oman
Secondary share offering
Răzvan Stoicescu
ATOS
Issuer
Rakuten - Secondary share offering
2021-01-02
Muşat & Asociaţii
Oman
Secondary share offering
Răzvan Stoicescu
Rakuten
Issuer
Sony - Restructuring
2021-02-25
Muşat & Asociaţii
Oman
Restructuring
Iulian Popescu
Sony
Insolvent entity
Rheinmetall MAN Military Vehicles - Project development
2020-01-03
Muşat & Asociaţii
Oman
Project development
Răzvan Stoicescu, Angela Mare Porumb
Rheinmetall MAN Military Vehicles
BOP Contractor
Beechcraft Berlin Aviation - Project development
2021-02-25
Muşat & Asociaţii
Oman
Project development
Iulian Popescu
Beechcraft Berlin Aviation
BOP Contractor
Harris Corporation - Project development
2021-02-25
Muşat & Asociaţii
Oman
Project development
Iulian Popescu
Harris Corporation
BOP Contractor
Nord Conforest - Project development
2021-02-25
Muşat & Asociaţii
Oman
Project development
Iulian Popescu
Nord Conforest
BOP Contractor
SUTECH - Project development
2020-01-07
Muşat & Asociaţii
Oman
Project development
Iulian Popescu
SUTECH
BOP Contractor
Ubitech Constructii - Project development
2021-02-25
Muşat & Asociaţii
Oman
Project development
Iulian Popescu
Ubitech Constructii
BOP Contractor
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