The Legal 500

Within Banking, finance and capital markets, tier 4

Real estate finance and regulatory work are two areas of strength for D&B David si Baias as part of a broader banking and finance offering. The firm is praised for its ‘business acumen’ and ‘appropriate advice’. The practice is acting for a major EU financial services group in connection with the most suitable legal structure for establishing a shared service centre in Romania. It acted as counsel to Global Finance Real Estate – D&B in connection with the refinancing of a €75m syndicated facility. Sorin David and Laura Toncescu are recommended.

Within Corporate and M&A, PricewaterhouseCoopers Legal LLP is a third tier firm,

Clients rate the ‘business understanding’ of the corporate team at D&B David si Baias. The firm has particular expertise in competition matters. The practice acted for Caroli Foods, the second largest Romanian producer of cold cuts, in connection with the negotiation and implementation of a strategic joint-venture with Campofrio Food Group, one of the leading European groups. In the real estate field, the firm provided sell-side legal assistance to Avrig 35 on the disposal of Iris Shopping Centre in Pitesti. On general corporate matters, the firm’s clients include Philips and Samsung Electronics. Sorin David is ‘results oriented’.

Within Dispute resolution, PricewaterhouseCoopers Legal LLP is a third tier firm,

Tax litigation and competition matters are areas in which D&B David si Baias excels. The firm acted for oil refinery Steaua Romana in irrevocably annulling a tax decision which would have adversely impacted the company to the sum of €12m, as well as in recovering this amount from the State. Dan Dascalu heads the team and is recommended.

Within Energy and natural resources, tier 4

D&B David si Baias energy practice is focused on transactional work. The firm acted for Termoelectrica in connection with a planned joint venture envisaged with E.ON and ENEL for the purposes of developing a thermal power plant in Braila. Anda Rojanschi is the main point of contact.

Within IT, telecoms and media, PricewaterhouseCoopers Legal LLP is a second tier firm,

Managing partner Sorin David is the name to note for IT work at D&B David si Baias. Clients remark on the firm’s ‘professional approach’. Competition and disputes work are areas of strength. The practice counts Orange Romania among its clients.

Within Real estate, tier 4

Managing partner Sorin David heads up the real estate team at D&B David si Baias. The firm worked with Global Finance Real Estate in relation to the development of commercial and residential real estate projects in Romania. The firm also provided sell side legal assistance to the company for the disposal of part of its portfolio.