The Legal 500

Clifford Chance Badea

What we say about the firm's legal practice in Romania

Banking, finance and capital markets

Within Banking, finance and capital markets, Clifford Chance is a first tier firm,

Considered ‘second to none’ in the field of banking and finance, clients are impressed with Badea Clifford Chance’s ‘knowledge and expertise’ and ‘constructive and business-oriented advice’. The firm acted on some of the largest banking transactions in the Romanian market in 2010, including advising ING Bank and Rabobank, as mandated lead arrangers, in relation to a $1bn loan for commodities trader Nidera, and assisting Société Générale regarding the €180m finance facility granted to the Romanian National Company for Highways and Roads. The firm also boasts a pre-eminent capital markets practice, and represented Deutsche Bank, HSBC and EFG Eurobank on the Romanian State €1bn Eurobond issue. A blue-chip client base includes Alpha Bank, Barclays and Goldman Sachs. Managing partner Daniel Badea is ‘an excellent lawyer – the star of the show’. Cosmin Anghel is praised by clients for his professionalism and ‘appropriate advice’.

Corporate and M&A

Within Corporate and M&A, Clifford Chance is a second tier firm,

Badea Clifford Chance has a full service corporate practice with particular expertise in acting for financial services clients and private equity houses. The firm also excels in the insurance sector. It assisted AXA in connection with the acquisition of the Omniasig life insurance company from Vienna Insurance Group as well as acting for Aviva in connection with the Romanian law implications of the restructuring of its world-wide insurance business. The practice was active in the healthcare field in 2010 and represented Mid Europa in connection with the proposed acquisition of MedLife, a local health services provider, as well as working with a large private equity fund in connection with the proposed acquisition of Unirea Medical Center. Daniel Badea and Nadia Badea are recommended; they are praised for their ‘excellent technical skills, drive and dedication to their clients’.

Dispute resolution

Within Dispute resolution, Clifford Chance is a third tier firm,

Financial services clients are the cornerstone of Badea Clifford Chance’s disputes practice. The company assisted Oman Insurance in connection with a number of insurance cases against a local insurance company as well as advising Imprimerie Nationale de France in connection with international arbitration proceedings against a Romanian counterparty. Nadia Badea is the name to note.

Energy and natural resources

Within Energy and natural resources, Clifford Chance is a third tier firm,

Badea Clifford Chance boasts expertise in carbon trading emissions and oil work as part of a broader energy practice. The firm assisted UNIEL Energy Investment on the €150m new co-generation plant in Bucharest – the first co-generation (heat and power) PPP in Romania. It also acted for EdF Trading in connection with setting up a local presence and getting an electricity trading licence. On the natural resources side, the firm represented KazakhGold regarding due diligence work for a rights offering in London. Managing partner Daniel Badea is the key contact.

IT, telecoms and media

Within IT, telecoms and media, Clifford Chance is a second tier firm,

Finance matters related to IT and telecoms are the area in which Badea Clifford Chance excels. The practice assisted Provus in connection with the acquisition of Romcard, a card processing and e-commerce company as well as acting on various deals in the advertising space. Managing partner Daniel Badea heads up the team.

Public private partnership and procurement

Within Public private partnership and procurement, Clifford Chance is a second tier firm,

Acting for investors and financial institutions is at the heart of Badea Clifford Chance’s PPP practice. Clients are impressed with the firm’s ‘professionalism’. It assisted UNIEL Energy Investment on the €150m new co-generation plant in Bucharest – the first PPP concerning co-generation of heat and power. The practice also acted for Aviva in relation to its bid for the role of asset manager for Fondul Proprietatea, a state-owned investment fund in Romania.

Real estate

Within Real estate, Clifford Chance is a third tier firm,

Badea Clifford Chance covers all aspects of real estate work including acquisitions, joint ventures, commercial and residential development projects and real estate financing. It often acts for private equity clients and financial institutions reflecting its broader practice. The firm assisted Europa Capital in relation to a joint venture with a local partner for a residential project in Bucharest, while on the leasing side it counts Mega Company and La Fantana as clients. Nadia Badea is the name to note for real estate work.


What we say worldwide

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United Arab Emirates

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Australia

Offices in Sydney and Perth

Belgium

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China

Offices in Shanghai and Beijing

Czech Republic

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Germany

Offices in Dusseldorf, Frankfurt, and Munich

Algeria

Spain

Offices in Madrid and Barcelona

France

Offices in Paris

Ghana

Hong Kong

Offices in Hong Kong

Indonesia

India

Italy

Offices in Rome and Milan

Japan

Offices in Tokyo

Kuwait

London

Offices in London E14 and London EC2R

Luxembourg

Offices in Luxembourg

Morocco

Netherlands

Offices in Amsterdam

Oman

Philippines

Poland

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Qatar

Offices in Doha

Romania

Offices in Bucharest

Russia

Offices in Moscow

Singapore

Offices in Singapore

South Korea

Taiwan

Thailand

Offices in Bangkok

Tunisia

Turkey

Offices in Istanbul

Ukraine

Offices in Kiev

United States

Offices in Washington DC, New York, and Menlo Park

Vietnam

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Clifford Chance

Legal Developments in Romania

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