The thawing of the M&A field has started being felt bylawyers as well, but involved sums are no longer as high as theywere from 2006 through 2008, with some investment targets being putout for sale with the very end of avoiding the start of insolvencyprocedures that can lead to bankruptcy. "We've been feeling athawing of trading activity, so that we now have six contracts ofreal mergers and acquisitions underway. One of these contracts israther a distressed M&A, with a business for which thealternative is insolvency. It is about a company with a turnover inthe range of tens of millions of euros, in the case of which theshareholders have to admit they lost," stated Marian Dinu, countrymanaging partner with DLA Piper law firm. In the past 18 months,since the financial crisis has intensified domestically, the numberof deals has been low and the more so in the case of deals withtroubled firms. "2010 is due to be full of challenges, but withmore opportunities than last year (...)", Dinu also said. Thefirm's target for this year is to expand its team to 25 lawyers andgenerate 20% higher revenues than last year. DLA Piper did notdisclose the value of revenues registered in Romania last year.
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