Firms To Watch: Banking and finance

Popescu & Asociatii is 'very professional and dedicated to the clients, exploring valuable legal solutions' particularly for regulatory and litigation issues, where Octavian Popescu  is held in high regard.

Firms in the Spotlight Banking and finance

Peli Partners

Peli Partners logo

PeliPartners is a full service business law firm based in Romania. A team specialising in complex projects that require innovative approaches, the PeliPartners lawyers have a wealth of experience in a variety of fields, including corporate, mergers and acquisitions, financing, competition, infrastructure & concessions, energy, real estate and corporate law – being involved in some …

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Banking and finance in Romania

Clifford Chance Badea

Clifford Chance Badea has a market-leading cross-border finance practice that covers all the bases for its largely banking client base. From high-end acquisition and project finance, through to structured products and asset finance, the team can regularly be found acting on some of Romania’s largest and most complex transactions. In addition to its transactional expertise, the team also has strong credentials on the regulatory side, where capital markets head, Madalina Rachieru, is especially active. Highly experienced managing partner Daniel Badea  leads the team, with strong support from Andreea Sisman, who is also noted for her real estate finance work. Counsel Cosmin Anghel is also developing a strong track record in fintech-related work.

Practice head(s):

Daniel Badea

Other key lawyers:

Madalina Rachieru

Key clients

UniCredit Bank

ING Bank

Banca Comerciala Romana

EBRD

EIB/EIF

Citibank

Work highlights

  • Advised UniCredit Bank on providing a syndicated US$75 million facility to oil and gas group Rompetrol.
  • Advised EBRD on providing a loan of €150 million to the real estate developer, WDP.
  • Advised the lenders on various amendments and the prolongation of a multicurrency revolving facility granted to a major agribusiness group.

CMS

CMS is ‘one of the first choices for banking and finance work‘ and a regular favourite for banks seeking experienced support on complex cross-border transactions. The firm has extremely good regional credentials and a strong track record across a range of related areas, including regulatory, fintech, and structured, real estate, film and project finance. Highly experienced practice head Ana Radnev  is ‘an excellent lawyer, very responsive and dedicated and duly attentive to the client’s needs’. The team also includes the equally well regarded Cristina Reichmann, who leads the capital markets and structured finance side of the practice. Senior counsel Alina Tihan is ‘extremely helpful and dedicated'.

Practice head(s):

Ana Radnev; Cristina Reichmann

Testimonials

‘CMS is undoubtedly one of the best law firms in Romania. I am happy to provide feedback on this firm and to recommend them as one of the first choices for banking and finance work. They have experience, they have resources, they have initiative and most important they have the right attitude. They are dedicated to their clients and they make everything possible to find the best solution available for the client. They are experts in their field.’

‘I would like to mention Ana Radnev and Alina Tihan as the key contacts. Both are highly-skilled finance lawyers with an impressive experience in the banking sector. Ana is the the head of CMS’ Finance team in Romania, an excellent lawyer, very responsive and dedicated and duly attentive to the client’s needs. Alina was extremely helpful, dedicated and available 24/7. Her advice is straight to the point.’

‘The team is very experienced and very well organised. I especially appreciated the timely delivery of the required work and flexibility on the fees. Ana Radnev, the banking and finance partner, is very responsive despite her heavy work-load. She is very knowledgeable and a pleasure to work with.’

‘Good cooperation, thorough work, they understand customer’s needs.’

 

 

 

Key clients

Erste Group Bank

Banca Comerciala Romana

UniCredit

ING Bank

Raiffeisen Bank

Banca Transilvania

Alpha Bank

OTP Bank

EBRD

European Fund for Southeast Europe

Hidroelectrica

AFI

National Bank of Greece

City Insurance

Rabobank

Agricover

Work highlights

  • Advised ING Bank Romania on the extension and modification of a bilateral €100m loan granted to a company within the NEPI Rockcastle Group, with the addition of certain Environment, Social and Governance (ESG) components.
  • Advised Hidroelectrica on a RON 1.25 billion green financing in Romania – one of the largest of its kind.
  • Advised the bank syndicate led by BRD – Groupe Société Générale and Garanti BBVA Romania on a €120 million sustainability-related loan to a company in the NEPI Rockcastle, NE Property BV Group.

Dentons

Dentons has invested heavily in its banking practice in recent years, a strategic decision that has paid dividends. The team is now a top choice for lenders and borrowers on high-value financings, where it has ‘handled complicated transactions in an intelligent, intensive, thorough and energetic manner‘. The ‘highly commercial, innovative and flexible‘ team is led by Simona Marin, ‘an attorney with a rare combination: she consistently exhibits great skill and knowledge with a friendly and direct approach. The practice has good depth, with experienced partners such as Simon Dayes (an ‘exceptional lawyer, with an outstanding business approach‘), and counsel, including the ‘very knowledgeableMaria Tomescu and Oana Ionascu. The firm’s impressive international network is also a major asset on cross-border deals.

Practice head(s):

Simona Marin

Testimonials

‘Time flexibility and quick reactions.’

‘Oana Ionascu – personal approach and great technical knowledge.’

‘Simon Dayes – exceptional lawyer, with an outstanding business approach.’

‘Deep and extensive knowledge of Romania supported by a global network offering expertise in every sector of activity. Highly commercial, innovative and flexible in its service offering.’

‘Simon Dayes, is our key contact within the firm. We have known him since the late 90’s. His knowledge of the country is unsurpassed. Extremely competent, he finds solutions to the most complex transactional issues. Would not work with anyone else.’

‘They’re very good, very impressive, extremely responsive and very diligent. They have handled complicated transactions in an intelligent, intensive, thorough and energetic manner. Dentons is one of the best legal firm on the Romanian market.’

‘The entire team is solution-oriented, pragmatic and very proactive. Simona Marin is an attorney with a rare combination: she consistently exhibits great skill and knowledge with a friendly and direct approach. Mrs. Marin is always available and very helpful when it came to negotiating with the borrower. She is a prominent and bright lawyer, a great communicator and excellent negotiator. Other important members of the team are Oana Ionascu and Maria Tomescu. Oana and Maria were very knowledgeable and made our closing seamless. They addressed all of our needs and responded to all our questions in a timely fashion.’

Key clients

Erste Group

Banca Transilvania

Raiffeisen Bank International

Société Générale

UniCredit

ING Bank

Black Sea Trade and Development Bank

European Bank for Reconstruction and Development (EBRD)

AFI Europe (Amsterdam, Warsaw, Prague, Belgrade and Bucharest)

NEPI Rockcastle (Amsterdam, Isle of Man, Bucharest),

Agricover (Bucharest)

Work highlights

  • Advising the NEPI Rockcastle Group in connection with the renewal of three separate ESG-linked, revolving credit facilities, as well as a €90 million green term loan, made available to it by International Finance Corporation.
  • Advising Česká spořitelna (member of the Erste Bank Group), as lead arranger, and a syndicate of leading CEE lenders on a € 551 million facility to Fortuna Entertainment Group.
  • Advising Raiffeisen Bank on a bilateral acquisition finance transaction for Oresa, an investment firm active in Central and Eastern Europe, for the acquisition of a local manufacturer of ready-made meals.

Filip & Company

Filip & Companyhas one of the strongest and capable banking and finance practices in our regional market‘ and is praised for its ‘its professional, dedicated and forward-thinking approach. The versatile practice offers the full range of services to borrowers and lenders, including regulatory and transactional support. Advice on fintech is a growing area of work, where it advises a range of startups, established businesses and banks on the digitalisation of their products and payment services. The highly rated Alina Stancu Birsan  leads the team, which has a deep bench of talent. Partner Alexandra Manciulea  and associate Andreea Bănică are praised for their ‘professionalism, highest level of integrity, commitment and excellence in everything that they do’. Alexandru Birsan  and senior associates Rebecca Marina and Camelia Iantuc are also highly regarded.

Practice head(s):

Alina Stancu Birsan

Other key lawyers:

Alexandru Birsan; Alexandra Manciulea

Testimonials

‘Filip & Company has one of the strongest and capable banking and finance practice in our regional market. Besides their mature expertise on this field, they have a deep and accurate knowledge of the industries they serve and this is one of the key factors of their success.’

‘Alina Stancu Birsan, Alexandru Birsan, Alexandra Manciulea, Camelia Iantuc and Rebecca Marina are key lawyers that differentiate Filip & Company in Romanian market. I value a lot their responsiveness, pragmatic approach and deep and thorough legal reasoning.’

‘They are building a relationship based on trust and excellent expertise. Alexandru Birsan (partner), Rebecca Marina and Andreea Banica are an excellent team. They are building a relationship based on trust and excellent expertise.’

‘The team is unique through its professional, dedicated and forward-thinking approach. They adapt their high quality legal know-how to the specific business needs of their clients and support their clients in their decisions through overcoming legal challenges. Filip & Co is the leading law firm in the Banking and finance practice, that successfully combines legal excellence with a business-oriented approach, the highest level of integrity and a focus on solutions.’

‘The stand-out partner and associate with whom we have worked and successfully completed the projects together are Alexandra Manciulea and Andreea Banica. Their straight talking, thinking outside the box, understanding of the business, knowledge and great experience have supported us in finding solution for each specific topic. Professionalism, highest level of integrity, commitment and excellence in everything that they do are core values that best describe Alexandra and Andreea.’

Key clients

RCS&RDS

Banca Transilvania

Banca Comerciala Romana

Oriflame Investment Holding

Raiffeisen Bank

National Bank of Greece

Oresa

Garrett Motion

Electrica

Magnet Development

Skandinaviska Enskilda Banken

Credit Europe Bank

Raiffeisen Bank

ING Bank N.V. Amsterdam, Bucharest Branch

International Investment Bank

Porsche Bank S.A. and Porsche Leasing

Arctic

Tiriac Group

Work highlights

  • Assisting Banca Transilvania on its acquisition of Idea Bank group in Romania, including a bank, an non-banking financial institution, an insurance broker agent and a holding company.
  • Assisting Digi group in several financings in 2020 and 2021, including a €250,000,000 financing granted by a large Romanian and UK syndicate of banks to RCS & RDS S.A. and a €132,000,000 financing granted by a large Spanish syndicate of banks to Digi Spain.
  • Assisting Garrett Motion in connection with a $250,000,000 debtor-in-possession financing granted in relation to a chapter 11 reorganisation proceeding involving the client and various other group entities.

Nestor Nestor Diculescu Kingston Petersen

Nestor Nestor Diculescu Kingston Petersendelivers expert and clear advice on pure banking and finance matters‘. The firm’s breadth of expertise ranges from high-profile syndicated loans and cross-border acquisition financings, through to crucial behind-the-scenes compliance and regulatory advice. The lawyers also have growing experience of green bonds and other ESG-related products, as well as project, structured, real estate and asset finance. Further support is provided to clients on fintech and payment services. Practice head Alina Radu  is ‘an excellent and very knowledgeable lawyer‘ who ‘truly understands the customer’s needs‘. The ‘highly experiencedValentin Voinescu  is praised for his ‘great negotiation skills‘, while managing associate Monia Hantig brings ‘excellent professional skills and expertise‘. Co-managing partner Manuela Nestor  is also active in this area.

Practice head(s):

Alina Radu

Other key lawyers:

Manuela Nestor

Testimonials

‘We turned to them to solve very sensitive matters and they delivered top quality work. NNDKP’s Banking and Finance practice is one of the most renowned on the Romanian market and now, based on our cooperation to date, I can reconfirm that. The analyses prepared by them are very thorough and they have a strong industry knowledge, which allows them to factor in all the aspects specific to our sector. They are very responsive, easily reachable and very accessible as persons, as well.’

‘Alina Radu is not only an excellent and very knowledgeable lawyer, but she truly understands the customer’s needs, she explores all viable alternatives to provide the best advice possible. Alina stands out for her deep technical expertise on banking matters, being one of the most experienced lawyers in Romania in this field. I would also mention Mihaela Ceausescu from NNDKP’s Dispute Resolution practice, with whom we also work. She is an intuitive and committed lawyer.’

‘NNDKP’s banking team is very well prepared, both from a theoretical and a practical perspective. We especially appreciate Monia Hantig because she is always kind and available, and most of all because she is highly efficient – any complex structure seems easy in her hands. She has excellent lawyer skills and outstanding human skills.’

‘NNDKP is the most important and trustworthy law firms in Romania. In a few words the team is proactive, brilliant and very involved. Alina Radu has an outstanding capacity to conduct negotiations and to propose solutions. Stefan Ionescu is very experienced in real estate finance topics and is very clear in his advice and in discussions and negotiations. Monia Hantig is diligent and reliable and very easy to work with.’

‘The team delivers expert and clear advice on pure banking and finance matters, and fronts very well advice which covers multidisciplinary matters. The firm covers a wide range of practices, so when the transaction that we work on touches on aspects beyond banking and finance, we are sure the team will have those dealt with as well in a smooth and timely manner. The team members are very approachable and ready to provide advice under extreme time pressure. The most recent matter that we have worked on together required sensitive advice with a fiscal law/EU law angle, to be delivered between Christmas and New Year’s Eve. We felt very well and promptly supported.’

‘Consolidated team, great negotiation skills, commercial and flexible approach, very good knowledge of the market practices. Valentin Voinescu – great negotiation skills, highly experienced professional, provided great support during the deal. Alexandru Ciambur – very well organised, I fully trust one document prepared by him, great with details.’

‘Willing to support, clear explanation for the actions to be performed in order to be cleared understood even for non-professionals, generate confidence in the partnership.’

‘NNDKP provided promptly legal assistance in complex legal aspects during the preparation of the entire documentation related to credit facilities agreements and to the correlated guarantees agreements. They came with efficient solutions and excellent communication, working closely with the bank lawyers and other persons involved in the project, finding the best solutions in order to solve promptly complex issues.’

‘NNDKP has a very professional team of lawyers, each individual lawyer having an excellent expertise in legal area he / she is proficient. Such individual lawyers are active not only at the NNDKP head quarter from Bucharest, but also in the most important cities of Romania. In the current project related to the a credit facility documentation, we have worked closely with the NNDKP Lawyer, Mrs. Monia Hantig, who has an excellent professional skills and expertise, being oriented to the client, an exceptional communicator and organizer, as well as exceptional project manager.’

‘Very professional, sensitive to the clients needs of information, willing to contribute and to bring value to the client organization.’

Key clients

Banca Comerciala Romana (part of Erste Group)

Raiffeisen Bank (part of Raiffeisen International Group)

Credit Europe Bank

Globalworth

Aaylex

Work highlights

  • Advised the syndicate of banks, including BCR and CEC Bank as arrangers, on a €90 million financing for over 20 companies operating in the pork and poultry production industry.
  • Advised the issuer on the Romanian law aspects of a senior secured green bonds issuance with a value of €110 million.
  • Advised a digital product engineering company on a complex financing related to a company spin-off.

RTPR | Radu Taracila Padurari Retevoescu SCA

RTPR | Radu Taracila Padurari Retevoescu SCA has a multi-faceted banking and finance practice that has developed strong relationships with several of Romania’s largest banks and financial institutions. The team is a regular presence on the country’s most complex financing mandates and can be relied upon to ‘provide excellent advice for the most difficult aspects of a transaction’. Lead partners include Alexandru Retevoescu  and the ‘very bright and dedicatedVictor Pădurari  who is ‘an absolute pleasure to work with‘. Clients also acknowledge the quality of lawyers operating below partner level, with counsel Cosmin Tilea  , Poliana Gogu-Naum  and Andreea Burtoiu  all attracting extraordinarily high praise and levels of trust for high-end work. The firm’s relationship with Allen & Overy LLP gives it a strong edge on cross-border mandates.

Practice head(s):

Victor Padurari; Alexandru Retevoescu

Other key lawyers:

Cosmin Tilea; Poliana Gogu-Naum; Andreea Burtoiu

Testimonials

‘Efficiency, deep knowledge of the banking regulatory matters, promptness.’

‘Lia Ilie and Andreea Burtoiu have a good knowledge of the banking regulatory matters, are efficient and respond promptly to the client’s requests.’

‘Team’s strengths: professional staff on all levels. Very good knowledge of client and legal matters addressed by the client. Accomplish tight deadlines. Generally make client ‘s life easier. Lawyers we worked with: 1. Bianca Eremia Senior Associate: showing in-depth legal knowledge, responsiveness, anticipating client’s needs, great value for money. 2. Ursache Petru – Associate: addresses all client’s questions in a professional manner; works very good with the client’s team; always available to help.’

‘I am impressed by the firm’s expertise in the banking and finance area. The team counts several very experienced lawyers who know their job inside out and provide excellent advice for the most difficult aspects of a transaction. They are highly professional and committed.’

‘Andreea Burtoiu is a very good banking and finance lawyer with an impressive experience in complex deals. She is capable of coordinating a deal from A to Z and she will get the best results possible. She is a tough negotiator, very well organised and very commercial. I highly recommend her.’

‘The first priority of RTPR is serving their clients’ business interests in an increasingly complex business world. Through understanding the business environment and by focusing on client service, they can represent their clients with clarity of purpose, and by so doing, optimize their chances for success. At RTPR, clients know that they are receiving individual attention from the partners and attorneys. They take strong, personal interest in their clients and their concerns, offering continuous counseling.’

‘I’ve worked with Cosmin Tilea from RTPR in several real estate financings and I was very pleased with RTPR’s assistance. RTPR are a great law firm with an outstanding experience in the banking and finance sector. They are able to assist both on regulatory and transactional matters and they go beyond their limits to provide the support their clients need. The same impression was shared with me by other peers. They are the best banking law firm in town. I really recommend RTPR’s banking team and in particular Cosmin Tilea (counsel).’

‘Cosmin Tilea goes extra mile to assist in any matters and his assistance is very efficient. No effort is too big and no matter is too difficult to be solved for Cosmin who has an excellent capacity to combine legal knowledge, negotiation and coordination skills. I am very impressed by Cosmin’s brilliant assistance and I recommended him to other peers as well. Cosmin is a very smart and experienced lawyer who always achieves the best results with minimum effort for its client and this makes him a brilliant lawyer.’

‘Wide sector coverage, experienced lawyers both on Romanian and English law, strong team, professional support.’

‘I have been working with RTPR for several years and I am very happy with the team and the way in which they communicate both with us and the client. Even in more difficult negotiations they managed to find a good way forward. I also appreciate their availability to brainstorm in more challenging transactions so we can find common ground.’

‘I have mostly worked with Bianca Eremia in 2020 and I was very happy with her availability and work dedication even in the context of the pandemic. People like her make business partners come back to the same team over and over again.’

‘Very solid team which combines strong technical expertise, business acumen and great interpersonal skills. Victor Padurari – an absolute pleasure to work with. Very bright and dedicated lawyer.’

‘Strongly integrated service across geographies and jurisdictions, making legal services provided by RTPR a solution of choice for complex cross-border transactions. Remarkable capabilities to provide tailored approach to particular circumstances.’

‘RTPR’s banking team is top class. All their lawyers are very well trained, proactive and always ready to assist in very demanding matters. They provide high quality assistance in very fast paced transactions and it is a pleasure to work with them.’

‘I have been working with a group of lawyers led by Cosmin Tilea who is a great coordinator and a very experienced negotiator. No partner involvement was needed in the deal thanks to Cosmin’s excellent ability to cover all matters in a seamless way. What impressed me the most is Cosmin’s ability to identify strategic issues and address those in a very client oriented manner. His capacity to understand the commercial aspects of the deal was very helpful in prioritizing our interests and he was able to put in legal terms all our needs. Cosmin did a fantastic job for us.’

‘I value the agile mindset of the associates on the team. They understand that business does not happen in a sterile environment. They are able to change perspective and come up with solutions which factor in the challenges we face in practice. Bianca Eremia (Senior Associate) and Andreea Stoiciu (Associate) stand out through their agile mindset and their excellent client relationship management skills. Top legal expertise is a given already.’

‘Cosmin Tilea, from the banking and finance practice, has proved to be a very knowledgeable lawyer, able to discern and focus on the critical legal matters of the transaction and thus allow a smooth closing.’

‘A very strong team with extensive experience in finance matters. I appreciate the creativity of the lawyers and their business oriented advice. They have outstanding knowledge, an excellent understanding and show an out-of-the-box thinking. Overall an excellent experience for the client.’

‘Poliana Gogu-Naum is our main contact at RTPR. I know her for many years and I worked with her on many projects. I have always valued her deep knowledge of law and her vast expertise in financing matters. She is always available, knows very well all the details of the project and provides solutions for the most intricate aspects of a transaction. She is a true asset for any client who is looking for in-depth legal advice but in the same time has a commercial oriented approach.’

‘One of the most experienced team in banking and finance practice with relevant experience in M&A and LBO funding. They put the extra mile effort and work under tight deadlines when needed to advance or close on a transaction. ‘

‘We are working with the RTPR team from various practices and our cooperation is always exceptional. We particularly value them for being very good professionals, committed, very knowledgeable and commercial in their approach. I have worked very closely with counsel Andreea Burtoiu on our banking transactions. She is very proactive and solution oriented in her advice but at the same time very smart and thorough, which enabled us to take informed decisions. It is always a pleasure working with her.’

‘RTPR has a long practice in this field of banking & financing and always showed great skills in dealing with intricate cases. The team always is ready to provide quality services, to provide solutions to complex situations. The team proved in numerous times to have good skills in working in the time pressure matters, to be open to our requests.’

‘An experienced, efficient, well organized legal team with very good connections and solid practice. Victor Padurari – a partner with huge experience and understanding of the legal matters and of the business of the client. Andreea Burtoiu – a talented lawyer with deep knowledge of the banking business and of the Romanian civil law.’

Key clients

EBRD

Banca de Export Import a României (Eximbank)

ING Bank

Raiffeisen Bank

UniCredit Bank

Banca Transilvania

BNP Paribas

Crédit Agricole CIB

Credit Suisse

Macquarie Infrastructure and Real Assets (MIRA)

Innova Capital

Oresa

Rodbun Grup

KBC Bank

Work highlights

  • Advised the syndicate of banks on the $150m refinancing of a multicurrency revolving facility agreement granted to Alro.
  • Advised Innova Capital on the £47m financing of the acquisition of PayPoint Services SRL and Payzone SA from PayPoint group.
  • Advised Oresa Ventures on the financing by Raiffeisen Bank  of the acquisition of logistics and industrial park, Solo Iasi, from Tester Group.

Tuca Zbârcea & Asociatii

Tuca Zbârcea & Asociatii fields an ‘extremely knowledgeableteam ‘with vast expertise in finance law‘. The size and depth of the team allows for the broad range of transactional and regulatory services which it offers to its banking and corporate clients. The practice has an especially good track record on complex cross-border transactions and continues to assist investors into distressed assets and NPL portfolios. Among the partners, Mihai Dudoiu  is ‘prompt, diligent and has a vast practical expertise as regards the financing of large as well as smaller companies, such as start-ups’. Catalin Baiculescu  is ‘an astute banking and finance lawyer and technically strong in covering every aspect of a corporate financing transaction‘. Gabriela Anton  provides first-class advice, timely responses and clear, to the point recommendations‘. Stefan Damian  is also active on the regulatory and restructuring side.

Practice head(s):

Mihai Dudoiu; Cătălin Băiculescu; Gabriela Anton; Stefan Damian

Testimonials

‘We worked closely with Catalin Baiculescu for years. He combines a balanced combination of business and legal needs, and is down to earth.’

‘The team is extremely knowledgeable and regularly assists corporate clients as well as banks and financial institutions. They are pragmatic and business-minded with vast expertise in finance law. I particularly like the fact they developed a strong practice of advising fintech companies.’

‘Catalin Baiculescu, in particular, is an astute banking and finance lawyer and technically strong in covering every aspect of a corporate financing transaction. He has a very calm and balanced approach, while also listening to us to understand our business and our strategy going forward.’

‘The banking and finance team is made up of enthusiastic and dedicated lawyers who are receptive and attentive to our needs. Mihai Dudoiu is the star lawyer in the Banking and Finance team. He is prompt, diligent and has a vast practical expertise as regards the financing of large as well as smaller companies, such as start-ups. Also Gabriela Anton provides first-class advice, timely responses and clear, to the point recommendations. I really enjoy working with this team.’

‘The team that I had the opportunity to work with, led by Gabriela Anton, is very hands on and capable of taking over full leadership on the project, properly understanding the commercials behind a given transaction. That makes the cooperation very smooth and allows the team to deliver solutions that are tailor made for the client.’

‘Gabriela Anton and Raluca Sanucean are the key team members. Their friendliness and business understanding of the transaction is really exceptional. They also show full commitment to the case, understand the deadlines and how critical delivery on these deadlines is – this is in particular the feature that I appreciated the most.’

Key clients

Astaldi

Banca Comerciala Romana

Bain Capital

The International Finance Corporation (IFC)

APS Holding

Apollo

The Rohatyn Group

Amethyst Radiotherapy Group BV and its Group

Revetas GP Limited

Alka Co.

NN Insurance & NN Pensions

Bucharest Stock Exchange (BVB)

Speedwell

Belfius Bank

BNP Paribas Fortis

CBC Banque

Work highlights

  • Assisting Bain Capital and APS Investments in acquiring a €174 million portfolio of corporate secured non-performing and sub-performing loans from the National Bank of Greece.
  • Assisting Banca Comerciala Romana as mandated lead arranger and a club of three other banks, in relation to a €143 million financing extended to MedLife and other group companies.
  • Advising BRD Groupe Societe Generale in connection with two credit facilities, amounting to €22 million, for the development of Record Park in Cluj-Napoca.

Bondoc si Asociatii SCA

Bondoc si Asociatii SCA has established extremely good credentials in transactional and regulatory banking and finance matters, where it regularly represents borrowers and lenders. The team is popular with clients who commend its ‘in-depth expertise on financial products‘ and its ‘deep analysis combined with clear practical guidance‘. The ‘experienced, proactive, accessibleSimona Petrisor leads the well regarded team, which includes the ‘very goodDiana Ispas  , who is praised for ‘her full support even for the projects with short deadlines’. The practice has a good track record on cross-border transactions, and has strong experience in restructurings, and more niche areas such as aviation and agribusiness financings.

Practice head(s):

Simona Petrișor

Other key lawyers:

Diana Ispas

Testimonials

‘During my collaboration with the team of the Banking and finance practice at Bondoc si Asociatii I appreciated the in-depth expertise on financial products and especially on the aspects of cross-border multi-layered lending transactions. Based on my experience with other Romanian law firms in this specific field, I can say that in this respect, Bondoc si Asociatii team can be considered as best in class among Romanian law outfits.’

‘I have worked on several engagements with Simona Petrisor and Diana Ispas and I appreciate their pragmatism and client oriented approach.’

‘They provided deep legal analysis, good understanding of the business impact of the matters analyzed and appropriate adaptation of the legal opinion to respond to business needs and minimize any negative impact.’

‘Deep analysis combined with clear practical guidance.’

‘Romanian law firm adhering to international standards. Simona Petrisor – experienced lawyer, proactive, accessible.’

‘Bondoc si Asociatii has a great team that is well prepared and very professional, that brings useful information in the decision making process. We really appreciated their competent advice and the case studies prepared in details. Our collaboration with Diana Ispas is very good and we received every time her full support even for the projects with short deadlines.’

Key clients

Air Lease Corporation

Agricover

Altor Fund

BANCA TRANSILVANIA

Banco Bilbao Vizcaya Argentaria

CMU Regina Maria

Commerzbank Finance & Covered Bond

Deutsche Bank

Raiffeisen Leasing IFN S.A.

Fondul Proprietatea S. A

Franklin Templeton Investments Management Limited

Mid Europa Partners

Generali Group / Generali CEE Holding B.V.

Restart Energy One

Stabilus GmbH

VTB Bank SE

UniCredit Bank

Johnson & Johnson

Profi Rom Food

Raiffeisen Bank International AG

Societe Generale

PPF Group

Privat Bank

Work highlights

  • Assisted PPF with respect to the €1.15 billion financing of the acquisition of Central European Media Enterprises, which operates television stations in Bulgaria, the Czech Republic, Romania, Slovakia, and Slovenia, including Pro TV.
  • Assisted the syndicate of banks, including UniCredit Bank, in connection with the refinancing of one of the biggest pharmacy chains in CEE.
  • Advised CommerzBank Finance & Covered Bond S.A., as agent and security agent in relation to the Romanian law security interest in the proposed acquisition financing of a major label manufacturer.

Kinstellar

Kinstellar has a ‘very responsive and helpful‘ banking team with good experience of cross-border financings. The team is jointly led by Zsuzsa Csiki, who handles regulatory matters, and senior counsel Magdalena Răducanu on the transactional side. The practice is praised for being ‘particularly good at linking up with colleagues in other Kinstellar offices and providing a seamless service‘. It also has a good track record of working with other global firms on international deals, both for borrowers and lenders. In addition to financings, the firm’s lawyers also have good expertise in restructurings, regulatory compliance and banking litigation.

Practice head(s):

Magdalena Răducanu; Zsuzsa Csiki

Testimonials

‘Large practice, on par with international standards. Zsuzsa Csiki was very hands-on and able to meet some very tight deadlines while maintaining a very high standard of  work.’

‘Very responsive, competitive pricing and user-friendly advice.’

‘A very responsive and helpful team. They are particularly good at linking up with colleagues in other Kinstellar offices and providing a seamless service.’

‘High performance, pro-active approach, thinking and proposing possible solutions – good availability.’

‘Overall impression is excellent. Professional firm, hands-on, reasonable fees, top quality. The people I have worked with are very involved and take a pragmatic approach.’

Key clients

Citigroup Europe plc

ING Bank N.V.

Unicredit Bank S.A.

Business Lease Group B.V.

United Petfood Group / United Petfood Romania

Middleground Management / DURA Automotive

HSBC Bank plc

Payvision

European Investment Bank

Inter Cars

CCC S.A.

Vitesco Technologies Group / Vitesco Technologies Romania

American Express Payments Europe S.L.

BRD – Groupe Société Générale S.A.

Work highlights

  • Advising Business Lease Group and its Romanian subsidiary, Business Lease Romania, on the on Romanian law aspects of its €242 million syndicated refinancing loan and the connected security package.
  • Advising the lenders (Citigroup Europe plc, ING Bank N.V., UniCredit Bank S.A. and BRD – Groupe Société Générale S.A.) on the Romanian law aspects of a €150 million loan, and the incremental facility consisting of a RON 500 million term loan, granted to the Romanian telecom provider RCS & RDS.
  • Advising Vitesco Technologies and its Romanian subsidiary Vitesco Technologies Romania on the Romanian law aspects of €1 billion in syndicated facilities, as well as on structuring and implementing the connected security package.

Musat & Asociatii

Musat & Asociatii has a longstanding presence in Romania’s banking market, and is praised for its ‘proactive‘ approach and ‘quick reactions‘. The firm represents a mix of borrowers and lenders, including high profile multilateral institutions. Real estate and project finance have featured prominently in the firm’s workload, as have significant refinancings and restructurings. The team also advises several IT and internet companies on their fintech and regulatory needs. ‘Excellent’ practice head Monia Dobrescu  is praised for delivering ‘competence, availability and results – cost effectively‘. Deputy managing partner Razvan Stoicescu  is also active in this area.

Practice head(s):

Monia Dobrescu

Other key lawyers:

Răzvan Stoicescu

Testimonials

‘I am old fashioned. I look for competence, availability and results – all for a sensible price. This firm delivers that. Monia Dobrescu is excellent. She delivers what I want: competence, availability and results – cost effectively.’

‘Proactive and non-standard approach to client’s needs, perfect for distance communication, deep knowledge on electronic administrative channels of communications. Always quick reactions, a perfect fit of clients needs’

Key clients

BCR Banca Pentru Locuinte

Premier Capital/Premier Restaurants Romania

PPF Banka

Work highlights

  • Acted as legal counsel for Servier Pharma and Sermedic in connection with obtaining a new credit facility from a well-known bank in Romania, as well as for the restructuring of an existing financing agreement.
  • Assisting European Bank for Reconstruction and Development in connection with a multimillion facility granted to TeraPlast Group, a construction materials manufacturer, for the implementation of three projects developed by group entities from Romania, and the CEE region.
  • Acted as legal counsel for PPF BANKA A.S. (PPF Group’s central treasury bank), in connection with a multimillion facility granted to a local real estate developer for the construction of a large office building project in Romania.

Reff & Associates SCA

Reff & Associates SCA has a well regarded banking team that is praised for its ‘very good industry and market knowledge (both in Romania as well as at EU level) and can easily scale the team for a project‘. The group has good experience across a range of financings, as well as loan portfolio deals, financial sector M&A, regulatory matters, fintech, and payments services. On the fintech front the firm represents a range of clients, including startups and financial institutions. Practice head Andrei Burz-Pinzaru is an ‘excellent professional’ and ‘always available and very flexible offering solutions even to the most complicated issues’. Senior managing associate Andreea Serban has also developed a good name.

Practice head(s):

Andrei Burz-Pînzaru

Testimonials

‘They have very good industry and market knowledge (both in Romania as well as at EU level) and can easily scale the team for a project. They are also in-tune with the advancement of technologies. They are flexible and willing to adapt.’

‘Andrei Burz Pinzaru – excellent professional, excellent knowledge, always available and very flexible offering solutions even to the most complicated issues.’

Key clients

Bank of China (Central and Eastern Europe) Limited Sucursala București

Banca Comerciala Intesa Sanpaolo Romania

Credit Europe Bank Romania

CEC Bank

ING Bank

Innova Capital

Balbec Capital

Prime Kapital

Capital Financial Services

CATERPILLAR FINANCIAL SERVICES POLAND

NH HOTEL GROUP

Speedwell Group

B2Kapital Portfolio Management

Lendrise Marketplace

Elrond Romania

Zebrapay

Netpay Europe

Societatea de Asigurare-Reasigurare City Insurance

Work highlights

  • Advising NH Hotel Group on several financing transactions with an aggregate value of €900 million.
  • Advised a large international investment firm focusing on mid-market buyouts in CE on the acquisition of the Romanian subsidiaries of the payment services company, Wirecard Sales International Holding.
  • Legal due diligence to a regional investor in seven Central European jurisdictions (including Romania), over a package of distressed banking assets with an aggregate par value of around €2.5 billion.

Schoenherr si Asociatii SCA

Schoenherr si Asociatii SCA has a broad-based and versatile banking and finance team that is ‘at ease in advising financial institutions on the full array of legal matters‘. The team is ‘attentive to the right details and focused on client service‘ and clients also appreciate the firm’s unified approach to cross-border deals, with strong cooperation throughout its impressive regional network of offices. The firm has seen significant activity in acquisition finance, restructuring, and advising investors into distressed assets and non-performing loans. The ‘very committed and approachable‘ practice head Matei Floreais one of the best known banking lawyers in Romania. He receives strong support from well-regarded counsel Adina Damaschin.

Practice head(s):

Matei Florea

Other key lawyers:

Adina Damaschin

Testimonials

‘Schoenherr Romania has a strong, diverse banking & finance practice. The firm is at ease in advising financial institutions on the full array of legal matters specific to this sector. Schoenherr’s banking & finance team is experienced and responsive providing excellent hands-on partner involvement.’

‘Matei Florea is a sharp banking & finance lawyer. He is very committed and approachable, his advice is practical and sound.’

‘Schoenherr has a strong banking and finance practice in CEE. They have particularly good capabilities in several jurisdictions, including Romania, and work well together in cross-border matters. They are attentive to the right details and focused on client service.’

‘I know Matei Florea since almost 20 years. He is one of the best known banking lawyers in Romania. He also runs Schoenherr’s regional banking practice in CEE. His comprehensive view over what is going on in the region allows Matei to do wonders in cross-border projects and further adds to his strength in local matters. He is responsive and very nice to work with.’

‘Schoenherr has a highly professional team but in the same time knowing so well how to facilitate for non-legal teams of their clients the understanding and continuously helping them throughout the juridical concepts, complex implications of transactions structures, always finding solutions when there seem to be no common way for the parties to go further. I have also to tell about how well their team is understanding our banking & financial concepts.’

‘Matei Florea is one of a kind person, a true leader of the process we are into, for his team but also for the parties, always to the point, always moving us all forward with great professional and personal skills, fast reactions, having a six sense for what is needed by everyone to close successfully a topic or another. Efficiency, deep knowledge of legal area for financial institutions and businesses, common sense and lot of energy.’

‘Team is extremely professional, aiming to understand the problem in detail in order to find the best solution. What I’ve highly appreciated is that the communication with them was simple, legal terms were thoroughly explained and solution was presented in order for every involved party to understand risk and benefits.’

‘I had the pleasure to work with Matei Florea and Madalina Neagu, both extremely professional and dealing with many issues in extremely limited deadline. Both Matei and Madalina identified themselves quickly with the our company, I had an instant feeling that they are in the same boat with us, thus offering me the certainty that the solution they are proposing is in our best interest.’

Key clients

Bain Capital Credit

Elevator Ventures

Eurobank Ergasias

Pehart Tec

Work highlights

  • Advised Bain Capital Credit on the acquisition from the National Bank of Greece of a Romanian corporate non-performing and sub-performing loans portfolio with a total gross book value of approximately €174m.
  • Advised Pehart Tec Group on obtaining a €51m financing from a syndicate of banks active in Romania.
  • Advised a major lender active in Romania, as part of a group of 10+ creditors, on the cross-border financial restructuring of a manufacturing company.

Bohalteanu şi Asociaţii

Bohalteanu şi Asociaţii has strong relationships with several of Romania’s leading banks. The team has a good grounding in all they key areas of banking law, including the development fintech, payments and consumer finance products and related regulatory issues. On the transactional front, the lawyers have a good track record of real estate financings, loan restructurings and cross-border deals. Practice head Daniela Milculescu has nearly 20 years’ experience of project, structured and acquisition finance, representing international and domestic banks.

Practice head(s):

Daniela Milculescu

Testimonials

‘The firm has a very good level of service, very good and knowledgeable team, with proactive lawyers having extensive experience in different areas of law.’

‘We collaborate equally with Ionut Bohalteanu, Silvia Sandu and Daniela Milculescu. They are experienced lawyers, very responsive and good understanding of the business, who provides prompt and tailor-made advice and solutions, dedicated to the needs of the client.’

‘Very engaged – very supportive – very responsive.’

‘Daniela Milculescu and Andreea Roman: super helpful, practical proposals, easy to handle.’

‘Very oriented to client’s needs, very good expertise.’

‘Daniela Milculescu – great expertise, oriented to details, always supportive and understanding the business needs.’

‘BSMP team handled very well the projects we worked on together in connection to the possibility of implementing new crediting products, as well as insurance products, from the perspective of both the insurance and banking applicable legislation. Their legal advice was prompt and reliable.’

‘Partner Daniela Milculescu is a dedicated lawyer, having assisted us with sound and pragmatic advice, with an impressive capacity to address the great variety of niche matters which our line of business involves.’

‘We have been using BSMP. They have been great to work with so far.’

‘We appreciated the very good responsiveness & availablity; attention to detail; acting on tight deadlines; very good value for money.’

‘Daniela Milculescu assisted us and we were satisfied with the services provided, she is competent, responsive and highly available.’

‘Experts in the field ,great communication – very structured and always on time. Very proactive and always thinking with and for the client.’

‘I mainly interacted with Daniela Milculescu – who is very professional, with huge expertise and always willing to support and seek solutions. She is not just a lawyer, she is a business partner that is able to advise on legal solutions and risks.’

 

DLA Piper Dinu SCA

DLA Piper Dinu SCA has a strong banking and finance team, praised for the ‘availability of its lawyers‘ and ‘understanding of English law‘. The firm’s global network is a significant bonus for cross-border deals and international clients, which include major banks and borrowers. Practice head Ioan Chiper brings over 20 years’ experience to the table, both from in-house banking roles and private practice. The team, which also includes experienced senior associates Georgiana Stan and Andreea Badea has been involved in several high-profile restructurings, and has also been involved in several major energy and real estate financings.

Practice head(s):

Ioan Chiper

Other key lawyers:

Andreea Badea; Georgiana Stan

Testimonials

‘Availability of lawyers, experience, very well understanding of English law, responsive to various situations and focused on providing solutions.’

Key clients

HYPO NOE Landesbank für Niederösterreich und Wien AG

EBRD

Work highlights

  • Advised EBRD on the Romanian aspects of its extension of a €5 million loan facility to Romanian steel producer Donalam Calarasi.
  • Assisted Hypo Noe with the extension of a €16.6 million multi-tranche real estate loan facility to the owner and operator of a number of retail shopping centers in Romania.

Dragne & Asociatii SCA

Dragne & Asociatii SCA is one of the top choices among financial institutions for high profile banking and finance disputes. The ‘practice is unique due to their ingenuity in court and outside of court, as well as to their dedication to deliver the best possible service‘. The team has a loyal following among some of Romania’s largest banks, regularly representing them in disputed financial agreements and consumer protection regulations, as well as debt recovery enforcement proceedings. Managing partner Stelian Garofil  is ‘a very skilled lawyer and an excellent litigator‘, while Andreia Dumitrescu‘s involvement is ‘paramount to obtaining the best possible outcome‘. Delia Bosman  and Daniel Cirstea  also have strong credentials in banking disputes.

Practice head(s):

Stelian Garofil; Delia Bosman; Andreia Dumitrescu; Daniel Cirstea

Testimonials

‘Our collaboration with Dragne & Associates is a lasting one, based on trust and satisfaction. Dragne & Associates managed to create a team of lawyers specialized in various fields of activity able to respond to the particular needs of many of our problems. Their practice is unique due to their ingenuity in court and outside of court, as well as to their dedication to deliver the best possible service, offering us solutions oriented to our needs. They have displayed a great attention to details in an array of issues, in a timely fashioned manner.’

‘Andreia Dumitrescu is dedicated in managing our collaboration in the minutest details. Her involvement in managing each in every legal case is paramount to obtaining the best possible outcome, with an in-depth view that facilitates our decision-making process. Bogdan Iordache is a key member of the law practice. Alongside Andreia Dumitrescu, he is involved in managing the legal cases brought before the courts of law, in identifying the best solutions to our problems. He is recognized for obtaining favorable court decisions in complex matters and for the ability to change unfavorable court rulings obtained at lower courts. Raluca Gune is a very diligent and ambitious lawyer, specialized in commercial and consumer protection areas. She is dedicated in finding the best solutions for clients’ needs.’

‘This practice within Dragne & Asociatii is unique by a blend of innovation, knowledge and experience which may be easily observed in the lawyers’ day-to-day work. No matter how difficult a legal situation may seem, this team always finds an out-of-the-box solution, always holding in mind our interests and needs. We believe potential clients need to know that the lawyers taking care of this practice will be very attentive to their issues and will always provide the most suitable and tailored legal services.’

‘Stelian Garofil, managing partner, is a very skilled lawyer and an excellent litigator, whose experience transcends every legal advice he provides. He is extremely professional in court and outside court, he is a very fine negotiator and he is also very responsive to our needs.’

KPMG Legal - Toncescu & Partners SPRL

KPMG Legal – Toncescu & Partners SPRL is a strong choice for regulatory and compliance matters where it represents a broad range of banks and financial services companies. This includes advice to fintechs and banks on the digitization of services and products, as well as support on corporate transactions – advice to First Bank on its merger with Leumi Bank being a good example. The team is also active on the transactional side, particularly debt capital markets products. Laura Toncescu has over 20 years’ experience in the market. Sebastian Olteanu  is also experienced in financial services transactions and regulatory advice.

Practice head(s):

Laura Toncescu

Key clients

First Bank SA

Banca Comerciala Romana (BCR)

Porsche Finance Group

ARB (Romanian Bank Association)

ALB – Financial Companies Association

Alpha Bank Romania S.A.

Balneoclimaterica S.R.L.

Work highlights

  • Advising First Bank, during the implementation, coordination and supervision of the merger process between First Bank (formerly Piraeus Bank) and Leumi Bank Romania.
  • Legal advisor to Porsche Finance Group from 2007, assisting with various legal and regulatory issues.
  • Advising ALB on the drafting and implementation of a Covid-19 related private payment moratorium.

Leroy si Asociatii

Leroy si Asociatii has good experience across a wide range of banking products and forms of financing. Structured products such as derivatives feature prominently on the agenda, and the team is also strong on acquisition, real estate and project finance. Regulatory advice is another area of strength, as demonstrated by its ongoing advice to the International Swaps and Derivatives Association on related Romanian legal issues. The firm also has strong connections to the French market and regularly acts for BNP Paribas. Lead partner Andreea Toma  has over 20 years’ experience in the market.

Practice head(s):

Andreea Toma

Key clients

BNP Paribas

Ceetrus Group

Expert Petroleum

Vangelys

Work highlights

  • Advised BNP Paribas Dublin Branch / BNP CIB on extending the international trade receivables asset-backed commercial paper (ABCP) securitisation programme of Teva Pharmaceuticals, the leading generic drugs manufacturer, to its Romanian subsidiary.
  • Assisted Coresi Business Park, part of the Ceetrus Group, on a €31m real estate financing granted by BRD-Groupe Société Générale.
  • Ongoing advice to Expert Petroleum, on securing financing from commercial banks and amending the financing documents with Syntaxis, a mezzanine fund.

Peli Partners

Peli Partners is best known for its real estate finance advice where it advises lenders and borrowers on the full suite of transaction types, including securitizations and other structured products. In addition to its real estate work, the firm has also been involved in several high profile corporate deals within the banking and investment funds space. The ‘very experienced team’ is commended for its ‘deep knowledge and practice in finance and banking‘. Practice head Carmen Peli is ‘a standout partner‘ while the ‘helpful, hardworkingassociate Alexandra Ionita  is singled out for her ‘can-do positive approach‘.

Practice head(s):

Carmen Peli

Testimonials

‘We rely with a lot of trust on the services provided by the experienced legal practitioners from Peli Partner’s team, in finance transactions but also in M&A and portfolio deals.’

‘I worked intensively with Carmen Peli and Francisc Peli and I know that they lead a strong team of professionals, very capable to provide efficient support to their clients on any given topic. I appreciate a lot their professionalism, flexibility and solution orientation manifested in all the deals on which we worked together.’

‘A young yet very experienced team, with deep knowledge and practice in finance and banking, with prior experience on similar case studies. They helped us a lot (actually they were instrumental) in negotiating with our lenders the terms of the banking moratorium ordinances following the pandemic. They also studied for us the possibility to exit from the ISDA agreements we have in place with the hedging counterparties.’

‘Carmen Peli was a standout partner during our cooperation: knowledge and experience, versatility, responsiveness, accuracy, logic of argumentation and the mastery of using the legal tools, everything stands out when it comes to Carmen and her team.’

‘The advise was spot on, the analysis was in-depth and comprehensive. We finalized the negotiations in short time. We’ve worked with Francisc Peli and Alexandra Ionita. His expertise as partner is unrivaled, and Alexandra was very helpful, hardworking, with a can-do positive approach.’

‘Peli Partners lawyers are solutions oriented, responsive, providing very good and relevant advice.’

‘Alexandra Ionita – dedication, experience in finance and real estate law.’

Key clients

Oresa Group

Mitiska REIM

Banca Transilvania Asset Management (BTAM)

Adventum Quartum Central Europe SICAV

Saint-Gobain Group

Argo Real Estate

Work highlights

  • Assisting Oresa Investment on its divestment of Kiwi Finance, a Romanian personal and mortgage loans broker, to the OLX Group.
  • Assiting Mitiska REIM group on the refinancing of its Romanian retail park portfolio, comprising 24 retail parks with a gross leasable area of 132,000 sq. m., for an aggregate loan value of over €123 million.
  • Assisting Banca Transilvania Asset Management in relation to the acquisition of Certinvest Pensii Societate de Administrare a Fondurilor de Pensii Facultative, manager of the optional pensions fund “Pensia Mea”.

Popovici Nitu Stoica & Asociatii

Popovici Nitu Stoica & Asociatii has a solid finance practice offering a wide range of expertise. This includes corporate and retail lending, as well as fintech related advice to payments companies and financial institutions. A large portion of the work is borrower-led, but the lawyers also have strong regulatory capabilities, and the firm has advised several international banks on this front. The practice is jointly led by versatile partners Alexandru Ambrozie  and Bogdan Stoica. Clients also single out the very ‘very efficient and solution orientedmanaging associate Codrin Luta for his ‘excellent technical know how‘.

Practice head(s):

Bogdan Stoica; Alexandru Ambrozie

Testimonials

‘Codrin Luta is very efficient and solution oriented, highly motivated and excellent technical know how.’

Key clients

BLOM Bank

Franklin Templeton Investment Management Limited United Kingdom

Libra Internet Bank

Deutsche Leasing

The Governor and Company of the Bank of Ireland

Ameropa

KBC Bank

RI-GD Investments DAC

Vialet

Orange

KBC Bank

BNP Paribas

Oresa

Warehouses De Pauw Romania

Dedeman

Impuls Leasing

AXPO Solutions AG

Capital Leasing

ALD Automotive

Volciuc-Ionescu

Volciuc-Ionescu is a small but highly-focused firm with extremely good credentials for banking and finance matters. Clients, ranging from major domestic and international banks, to corporate borrowers, ‘trust their advice and feel safe in their hands, thanks in part to the firm’s ‘exceptional‘ quality work and ‘amazing understanding of actual issues affecting the banking industry. The team is regularly referred work by major international law firms. It also has a good track record in related areas such as project finance and lending to the energy, infrastructure and technology sectors. Managing partner Sabin Volciuc-Ionescuhas outstanding technical expertise and is very commercial and client oriented‘. Senior associate Diana Tudor is ‘a rising star‘.

Practice head(s):

Sabin Volciuc-Ionescu

Testimonials

‘Volciuc-Ionescu’s finance team is by far one of the best in the market. The team members have been advising top banks active in Romania for a long time and have an amazing understanding of actual issues affecting the banking industry and always know how to help me and my bank, coming up with innovative solutions. The quality of their work is exceptional – I do trust their advice and feel safe in their hands.’

‘Sabin Volciuc heads the banking & finance team – he has outstanding technical expertise and is very commercial and client oriented. He is an excellent pragmatic negotiator, second to none in the market. With him by may side, I know that we will do a great deal. Diana Tudor is also a rising star in the team, with in-depth knowledge of banking, very committed and prompt and hard-working.’

Key clients

Banca Comerciala Romana

Bank of China

Western Union

Banca Transilvania

Deutsche Bank

IFC

Work highlights

  • Advised a syndicate of banks, including Deutsche Bank, on the US$1.6 billion refinancing of a global leader in mobility safety.
  • Advised DEER, the largest Romanian power distribution network operator and part of Electrica Group (listed on London Stock Exchange), on roughly €40 million in facilities from European Bank for Reconstruction and Developments (EBRD) for investments in the distribution network
  • Advised a syndicate of banks, including Banca Transilvania and Victoriabank, on the restructuring of a cross-border facility for a shopping mall in Chisinau, Moldova.

Wolf Theiss

Wolf Theiss has an ‘experienced, practical and creativebanking and finance team that provides ‘on time high quality support‘. The practice has established strong relationships with several of Romania’s largest banks, and its strong connections to the Austrian market make it a popular choice for cross-border deals with a significant CEE component. The team has good credentials across various areas, including project finance, regulatory support, consumer protection, and fintech and payment services matters. This is additional to its expertise in high-end corporate finance transactions. Practice head Claudia Chiper  is a business oriented, knowledgeable and highly skilled lawyer‘. Senior associate Iuliana Stoicescu is also singled out for praise.

Practice head(s):

Claudia Chiper

Testimonials

‘They are experienced, practical and creative. The finance team is impressive. They provide on time high quality support. They are equal to other tier 1 law firms we have worked with in the past.’

‘I worked primarily with Claudia Chiper, Iuliana Stoicescu and more recently with Catalin Sabau. They worked very well as a team with excellent cohesion and organisation. Claudia is a business oriented, knowledgeable and highly skilled lawyer. She negotiated a number of deals on our behalf and we were very much impressed with her creative and can do approach. Iuliana is equally highly skilled and dedicated to making the transaction happen. She can zero in on issues and address them in a timely and creative manner. More recently we also worked with Catalin, a junior lawyer in their team who seems to be a fast learner, smart and supportive.’

‘I have been working with Wolf Theiss for a number of years now on financing transactions and in the last two years we also started working with them on capital markets mandates.Wolf Theiss team consisted of both Romanian and Austrian lawyers. They worked seamlessly together and acted as a one stop shop which is exactly what we needed. The work delivered was excellent, on the point and on time. A great cocktail of qualities when running a bond issuance program.’

‘I have worked closely with Andreea Tudorache and Claudia Chiper on the Romanian angle and Nikolaus Dinhof and Claus Schneider in relation to Austrian law. I was impressed with their high level of knowledge, the seamless cooperation acting as one team, the high level of responsiveness, innovative spirit and practical approach.’

‘We had the chance to work with several consultants and out of them all, Wolf Theiss’s team stands out as having the most transparent billing. Additionally, they have great communication skills, with us as clients, but also with our counterparty, make the negotiation process go smooth.’

‘Claudia Chiper is a lawyer that stands out as being extremely calm and pleasant as a person, highly skilled in law matters, but also negotiations and communication.’

‘Claudia Chiper and Iuliana Stoicescu – the best team on the market for banking and finance. No one is more qualified, experienced and business minded than the two of them. Stunning and outstanding performance. Highest quality.’

Key clients

B2Kapital Portfolio Management SRL

Banca Comerciala Romana S.A.

CVI Dom Maklerski sp. z o.o.

DenizBank AG

ELINOIL Hellenic Petroleum Company

Erste Group Bank AG

European Bank for Reconstruction and Development

European Fund for Southeast Europe SICAV SIF

European Investment Bank

Federal-Mogul Motorparts Services

First Bank (former Piraeus Bank S.A.)

Gemcorp Capital LLP

International Finance Corporation

International Investment Bank

InvestCapital Ltd.

OTP Bank NYRT

paysafecard Group

Raiffeisen Bank SA

Revetas Capital Advisors

Sportradar AG

Work highlights

  • Advised the syndicate of banks consisting of Erste Bank Group, pbb Deutsche Pfandbriefbank and Banca Comerciala Romana on a €170 million facility to the real estate developer and investor, AFI Europe group, for its acquisition of NEPI Rockcastle’s office portfolio in Romania.
  • Advised Raiffeisen Bank on the launch of a €850 million Euro Medium Term Notes Programme listed on the official list of the Luxembourg Stock Exchange.
  • Advised Banca Commercial Romana with regard to its multi issuer programme for the issuance of notes for MREL and its own funds.

Zamfirescu Racoti Vasile & Partners

Zamfirescu Racoti Vasile & Partners is commended for its ‘high level of knowledge’ and ‘strong and disciplined team‘. The team has achieved a good balance of lender and borrower-led transactional, regulatory and litigation work, with the latter category being one of the firm’s engine houses. The practice has been involved in several high value refinancings for borrowers in the past year, while its advice to the Romanian Banking Association is a good demonstration of its market standing for regulatory matters. Senior partner Ioana Racoti (‘a truly inspiring leader‘) and partner Elena Iacob (‘truly an expert in regulatory matters‘) come highly recommended by clients.

Practice head(s):

Ioana Racoţi; Elena Iacob

Testimonials

‘High level of knowledge, strong and disciplined team. Professionalism, involvement and availability of  Ioana Racoti and Elena Iacob.’

‘The collaboration was, as are all common projects with ZRVP, a highly successful and harmonious one, as the lawyers are in perfect synergy with the bank’s team, truly gifted when it comes to finding solutions and extremely diplomatic in identifying the best possible outcome for all parties involved. Especially when it comes to cross-border and syndicated lending transactions, a lot of hard work is involved, given the numerous parties, interests, hard negotiations, battle of egos and knowledge. Nothing the ZRVP team can’t handle – they understand what we want and what is best for us and work perfectly towards tight deadlines. The more demanding and complex the matter, the more creative and resourceful they get. And perhaps one of their biggest strengths – they have worked so many cases and know the industry so well that there is hardly an obstacle they don’t foresee.’

‘I really  Ioana Racoti for handling complex financing transactions with the ease, clarity, certitude and knowledge of the professional who perfectly knows what mus be done, combined with the fierce delicacy of a truly inspiring female leader. I have worked also on several occasions with Elena Iacob, another gifted partner in the banking & finance team of ZRVP, truly an expert in regulatory matters, very practical in approach and with an excellent understanding of clients needs. She and Ioana Racoti make the perfect duo in financing and are always a pleasure to work with.’

Key clients

First Bank S.A. (formerly Piraeus Bank Romania S.A.)

Alum S.A.

UniCredit Bank S.A.

UniCredit Leasing IFN S.A.

Piraeus Bank S.A.

UniCredit Bank S.A

Romanian Banks Association (ARB)

Access Financial Services IFN S.A.

ALRO S.A.

Demir-Halk Bank NV

Hora Credit IFN S.A.

Work highlights

  • Advised the borrower, Alro, on the refinancing and maturity extension of a $150 million revolving facility arranged by Eximbank and granted by a syndicate of banks.
  • Advised Alro on a $40 million corporate loan from the The Black Sea Trade and Development Bank.
  • Advised the Romanian Banking Association in relation to various directives from the European Parliament.