bpv Grigorescu lawfirm: six-months litigation portfolio of 15 million euro

Tax litigation portfolio of bpv Grigorescu lawfirm, measured by the value of claims, has increased by more than 20% that initially anticipated, to approximately 15 million euro.

“We anticipate that by the end of the year the value of tax claims represented by our firm will exceed 35 million euros”, says Catalin Grigorescu, managing partner of bpv Grigorescu.

The increase in tax litigation work, he continued, is caused mainly by two factors: an increase in the tax collection activities by the tax administration focusing on large tax payers, and the growing reluctance of the tax payers to accept unreasonable practices or findings by the tax administration under the current circumstances of economic distress. “We expect that this trend will continue as economic conditions deteriorate further.”

The dispute resolution department of bpv Grigorescu, which focuses on commercial, tax and administrative litigation, was given a boost at the beginning of 2009, with the hiring of Liz Minea as a partner and head of dispute resolution.

“We encourage clients to keep good terms with the tax administration, however, this should only then be possible when the tax administration does not exercise its authority abusively”, says Liz Minea.

According to the lawfirm, third of our tax litigation work is referred to us by tax consultancy firms which perceive our tax litigation capabilities as suitable complements to their tax advisory practice.

bpv Grigorescu ended 2008 with a turnover of nearly 3 million euro, up 30% year-on-year and forecasts similar turnover for 2009 compared to 2008.

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