Insolvency & Restructuring · Bucharest · UNPIR

Restructuring as an art form.

Brâncuși reduced complex forms to their pure essence. We do the same with businesses in difficulty — we strip away what is not essential and preserve what truly matters.

Insolvency — Restructuring — Preventive Composition — Restructuring Agreement — Law 85/2014 — UNPIR — Bucharest — Insolvency — Restructuring — Preventive Composition — Restructuring Agreement — Law 85/2014 — UNPIR — Bucharest — Insolvency — Restructuring — Preventive Composition — Restructuring Agreement — Law 85/2014 — UNPIR — Bucharest —

One standard, for creditors and debtors alike.

We act with the same rigour for institutional creditors — banks, investment funds, the tax authority, public institutions — as for debtors in difficulty. In an insolvency procedure the two positions appear adversarial; in reality, they need the same thing: a professional who does not deliver convenient conclusions, who does not delay, who communicates honestly and who builds viable solutions in good time.

In the great majority of files our role is that of mediator between competing positions. We steer discussions toward outcomes in which no one leaves humiliated — because a fairly negotiated plan, in which creditors recover the maximum possible and the debtor remains viable, is the only plan that endures. Our philosophy is not a façade of values: it is five operating principles applied in every file, against which our results may be assessed.

01

Rigour & Integrity

Every decision is grounded in the law, in verifiable data and in an ethical standard we do not negotiate. We do not skirt deadlines, we do not deliver convenient conclusions, and we do not build narratives to favour one party at the expense of another. Rigour and integrity are not declared values — they are the conditions we impose on ourselves before opening any file.

02

Proven Experience

Over a decade of procedures carried through to the end — confirmed reorganisations, ratified compositions, restructuring agreements negotiated with the Romanian tax authority and senior creditors. Every recommendation we issue is backed by real cases and verifiable outcomes. We do not learn at the client's expense; we bring a practice already matured.

03

Innovation Without Compromise

Law 85 and the pre-insolvency framework offer a broad spectrum of instruments — haircuts, debt-to-equity conversion, divestments, asset transfers, ratified agreements. We combine these mechanisms into solutions calibrated for each case, with genuine creativity but always within the bounds of the law and professional ethics. Innovation is a means, not an end.

04

Promptness

In insolvency, every week lost narrows the range of available solutions. We respond quickly, diagnose quickly and act quickly — because reaction speed is often the difference between an elegant restructuring and a procedure imposed under pressure. A file taken on in time always has more exits than one allowed to drift.

05

Partnership & Honesty

We do not deliver conclusions wrapped in jargon. We communicate directly, set out the risks before the opportunities, and build long-term relationships with both institutional creditors — banks, funds, the tax authority, public institutions — and debtors in difficulty. Honesty costs more in the short term and is infinitely more valuable in the long term.

Every procedure.
Under one roof.

01
Reorganisation & Restructuring
We build viable reorganisation plans, negotiate with creditors and implement durable solutions.
02
Preventive Composition
For companies in temporary difficulty — out-of-court restructuring under judicial protection.
03
Restructuring Agreement
Negotiation that becomes law: a binding legal framework for resetting the payment calendar.
04
Pre-Insolvency Counsel
Risk assessment, out-of-court negotiation, and strategy preparation before formal opening.

A space designed
for serious conversations.

Every meeting matters. Our Bucharest office offers a professional and discreet setting — the right environment for negotiations, analysis and strategic decisions.

Tudor Advisory office corridor
Tudor Advisory lounge
Tudor Advisory meeting room

Precision at every
stage of the procedure.

Stage 01
Rapid diagnosis
First 72 hours: we analyse the financial situation, map the credit base, assess viability and recommend the appropriate procedure.
Stage 02
Strategy & plan
We build the reorganisation plan or restructuring agreement on concrete financial grounds. We negotiate positions with each creditor.
Stage 03
Execution & monitoring
We implement the plan, automatically track deadlines, report transparently, and intervene proactively at any deviation.

The people behind
the files

Radu-Florin Tudor

Radu-Florin Tudor

Founder & Managing Partner

Definitive UNPIR practitioner. Leads every file and the relationship with the court.

Alexandra Tănăsie

Alexandra Tănăsie

Managing Partner

Procedural coordination and creditor relations.

Adrian Condrașov

Adrian Condrașov

Insolvency Practitioner

Legal analysis and procedural documentation.

Gina Manda

Gina Manda

Senior Financial Analyst

Financial modelling and valuation reports.

Authority — Integrity — Value — Transparency — Precision — Strategy — Authority — Integrity — Value — Transparency — Precision — Strategy — Authority — Integrity — Value — Transparency — Precision — Strategy —

Let's discuss
your case.

The first consultation is a direct conversation, with no commitment. We tell you whether we can help, and how — in clear terms, with no vague promises.