Clifford Chance Badea > Bucharest, Romania > Firm Profile
Clifford Chance Badea Offices
EXCELSIOR CENTER
28-30 ACADEMIEI STREET, SECTOR 1
BUCHAREST
Romania
Clifford Chance Badea > The Legal 500 Rankings
Romania > Banking and finance Tier 1
Clifford Chance Badea is a ‘professional, knowledgeable and meticulous‘ law firm commended for its ‘deep, extensive expertise‘ in high-end banking and finance work. The team is a go-to destination for major banks and lenders seeking support with complex cross-border acquisition, asset and project finance transactions. Other key areas of expertise include debt capital markets, structured products and regulatory law, where capital markets head Madalina Rachieru has established a strong reputation. Other key team members include counsels Andreea Sisman and Cosmin Anghel, who is noted for his work on the fintech side. Highly regarded managing partner Daniel Badea leads the team.Practice head(s):
Daniel Badea
Other key lawyers:
Testimonials
‘To the best of our knowledge, Clifford Chance in Romania is the most professional, knowledgeable and meticulous law firm in Romania. It is also very responsive and fast in its provision of legal services.’
‘Andreea Sisman is very precise and clear in her communication.’
‘Deep, extensive expertise; availability; good communication and cooperation.’
‘Smart, innovative, outstanding in terms of professionalism and collaboration.’
Key clients
UniCredit Bank
ING Bank
Banca Comerciala Romana/ Erste Group
EIB
NetCity
Work highlights
- Advising UniCredit Bank as facility agent, security agent and paying agent on the refinancing of an existing $435m multicurrency revolving loan to Rompetrol, a major oil and gas group in Romania.
- Advised a major international financial institution on a €40m loan to Distributie Energie Electrica Romania.
- Advised the banking consortiums acting as underwriters on all sovereign bond issues launched by the Romanian Government, acting through the Ministry of Finance, including a $3.3bn two-tranche Eurobond issue.
Romania > Capital markets Tier 1
Clifford Chance Badea has an excellent reputation for both debt and equity capital markets work, where it represents issuers and underwriters on some of the largest deals to hit the Romanian market. The firm’s London and broader European links ensure a seamless service for cross-border deals, including sovereign bond issues. Issuer clients come from across a range of sectors, including energy and the investment fund space. Regulatory, compliance and market abuse advice also features prominently on the firm’s roster, and the practice is also involved in an increasing amount of green bond issues. Key contacts include practice head Madalina Rachieru-Postolache and managing partner Daniel Badea.Practice head(s):
Daniel Badea; Madalina Rachieru-Postolache
Key clients
Fondul Proprietatea / Franklin Templeton
MAS Securities
Work highlights
- Advising Fondul Proprietatea, managed by Franklin Templeton International Services, on its share buyback program.
- Advising a major energy distribution group with operations in Romania and Moldova on preparation of its envisaged 144A IPO and listing on the Bucharest Stock Exchange.
- Advised a syndicate of international investment banks on the Romanian aspects of the €854m initial public offering and listing of the Czech real estate developer, CTP, on the Euronext Amsterdam exchange.
Romania > Commercial, corporate and M&A Tier 2
At Clifford Chance Badea, the Bucharest team’s close connections to their London-based colleagues, plus the firm’s wider global network, ensures an extremely strong, seamless service for high-value multijurisdictional corporate M&A and private equity buyouts. The firm has lately seen considerable activity in the pharmaceuticals, energy and financial services sectors. Practice head and founding partner Nadia Badea is an advisor of choice for major private equity funds. With over 25 years’ market experience, counsel Loredana Ralea is another noteworthy name.Practice head(s):
Nadia Badea
Other key lawyers:
Testimonials
‘They are one of the best law firms I have ever worked with, being defined by capabilities like: different areas of expertise, good knowledge of the client, market and industry, legal advice tailored specifically to the business needs, good balance between value and services fees.’
Key clients
Enel Green Power Romania
OMV Petrom
Mondelez
Rewe-Zentralfinanz
Actis Infrastructure
PAY U
MND Drilling
Work highlights
- Advised Farmacia Tei and Bebe Tei on Dedeman/Paval Group’s 30% investment in the clients.
- Advised a global investor in energy infrastructure on the acquisition of a majority participation in a group of companies developing several renewable energy projects in Romania with a capacity of around 1000MW.
- Advised Enel Green Power Romania on the acquisition of two solar farms in Romania: a 63MW ready-to-build solar farm and a 26MW under-development solar farm from Mytilineos group.
Romania > Dispute resolution Tier 2
Clifford Chance Badea provides ‘valuable experience‘ in litigation and international arbitration, where the firm’s extensive global network adds significant value to cross-border claims. The international element also comes to the fore in administrative disputes with a heavy European component, including antitrust and data protection matters. Recently, the firm has been involved in major disputes in the telecoms, infrastructure, banking and real estate sectors. Practice head Simona Neagu has nearly 30 years’ market experience in civil and regulatory claims, while managing partner Daniel Badea has strong credentials for insolvency disputes. Senior associate Sabina Crangasu is singled out by one client as a ‘rising star, doing all the hard-work backstage‘.Practice head(s):
Simona Neagu
Other key lawyers:
Testimonials
‘Valuable experience, prompt answers and commercial approach focused on providing legal solutions to complex matters.’
‘Simona Neagu has a wealth of litigation experience and a commercial approach to legal matters. She understands the client’s needs and is a well-rounded litigator.’
‘Sabina Cringasu – rising star, doing all the hard-work backstage.’
Work highlights
- Representing Orange Romania in the Bucharest Court of Appeal in the annulment of a €14m fine for abuse of dominant position from the Competition Council.
- Representing Strabag in an ICC arbitration concerning a motorway project in Central-Western Romania.
- Representing Turkish Construction company Tefken Construction in challenging the award for the public tender of a major Romanian motorway project.
Romania > Real estate and construction Tier 3
Clifford Chance Badea has a strong track record for cross-border real estate transactions and development projects. The firm takes a multidisciplinary approach, with corporate head Nadia Badea playing an active role on transactional work, while projects head Andreea Sisman offers strong support on infrastructure and construction projects. Senior associate Lavinia Dinoci‘s practice also has a heavy emphasis on general real estate matters. The firm has extensive expertise in real estate finance and recently worked on several renewables-linked developments and acquisitions.Practice head(s):
Nadia Badea
Other key lawyers:
Key clients
MAS Real Estate
Banca Comerciala Romana
Carrefour
Bayer CropScience Schweiz (Monsanto)
Panduit
OMV Petrom
Work highlights
- Advising a major global hypermarket operator on various real estate development projects in Romania.
- Advised a major global provider of industrial, electrical and network infrastructure services on the lease renewal of its headquarters and lease of new production facilities in Romania.
- Advising a major private educational institution in Romania on various real estate issues, including the negotiation and execution of construction contracts.
Clifford Chance Badea > Firm Profile
The firm: Clifford Chance is one of the world’s pre-eminent law firms, with significant depth and range of resources across five continents. As a single, fully integrated, global partnership, it prides itself on its approachable, collegial and team-based way of working. The firm always strives to exceed the expectations of its clients, which include corporates from all the commercial and industrial sectors, governments, regulators, trade bodies and not-for-profit organisations. It provides them with the highest quality advice and legal insight, which combines the firm’s global standards with in-depth local expertise.
Types of work undertaken
Capital markets: the capital markets practice concentrates on securities transactions and other products sold into the capital markets. The practice is founded on a full-service US and UK securities law capability, complemented by local securities law expertise in each of the key financial centres. It provides practical, integrated legal advice covering the full spectrum of global capital raising activities including public and private domestic and international offerings of traditional debt and equity securities as well as convertible and other derivative and structured securities.
Corporate: the corporate practice handles some of the world’s largest and most complex M&A transactions. It combines global transaction capability with a full service of English, US and civil law expertise in the key financial centres across Europe, the Americas and Asia Pacific. In addition to mainstream M&A, the firm also encompasses leading specialist practices in: commercial contracts, competition and antitrust, communications, energy, healthcare, financial institutions, funds, investment banking, insurance, media and technology, and private equity.
Finance: Clifford Chance’s finance practice is the leading international finance practice of any law firm. The practice provides highly commercial and practical advice across the full spectrum of financial products including syndicated lending and leveraged and acquisition finance, asset finance, derivative products, project finance, financial regulatory, insolvency, restructuring and structured finance.
Litigation, dispute resolution and risk management: the firm has experience in virtually all segments of the business and financial markets across multiple jurisdictions. The lawyers work with clients to resolve disputes efficiently and effectively – whether through arbitration, litigation or other techniques.
Real estate: Clifford Chance’s leading real estate practice offers UK, European, Asian and US real estate capability. The practice advises the real estate industry’s leading players on the entire property ‘life-cycle’ from the initial acquisition, development, leasing, joint venturing and financing through to the final exit, as well as tax structuring, PFI/PPP, corporate outsourcing, planning, environment and litigation.
Tax, pensions, employment and incentives: Clifford Chance has one of the world’s largest international tax groups within a single law firm. The firm is uniquely placed to provide leading edge advice to clients, and the practice is structured on an integrated global basis. Local tax groups within the practice work closely with areas such as securitisation, securities, M&A, corporate restructuring, private equity, real estate and funds.
The pan-European VAT group advises on all areas of VAT and has particular strength advising on novel and complex issues in the structured finance, financial services, corporate finance and real estate sectors.
The team of experienced employment, employee benefits, ERISA, immigration and pensions specialists work with clients from a wide range of sectors to address local and cross-border issues.
International offices:Abu Dhabi, Amsterdam, Bangkok, Barcelona, Beijing, Brussels, Bucharest, Casablanca, Dubai, Düsseldorf, Frankfurt, Hong Kong, Istanbul, Jakarta*, London, Luxembourg, Madrid, Milan, Moscow, Munich, New York, Paris, Perth, Prague, Rome, São Paulo, Seoul, Shanghai, Singapore, Sydney, Tokyo, Warsaw, Washington, D.C., Riyadh**
*Linda Widyati & Partners in association with Clifford Chance
**Clifford Chance has a co-operation agreement with Abuhimed Alsheikh Alhagbani Law Firm in Riyadh
Lawyer Profiles
Photo | Name | Position | Profile |
---|---|---|---|
Daniel Badea | Daniel Badea has experience in Romanian and international finance transactions including securities,… | View Profile |
Staff Figures
Number of partners : 550 Number of other fee-earners : 3,300Legal Briefings
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Comparative Guides
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