A regular fixture of standout capital markets matters involving Romanian law elements, the team at Clifford Chance Badea assists with significant debt and equity transactions, as well as cross-border work. As the market has developed rapidly in the past 20 years, so the practice has become more sophisticated and maintained a regular role in precedent-setting work in Romania. Madalina Rachieru-Postolache has a track record in complex deals and leads the department, with key support from two lawyers who joined the partnership in March 2025: Cosmin Anghel, who has experience advising banks, IFIs and private equity sponsors on a wide range of financial products, and Radu Ropota, who is especially knowledgeable in the energy sector.
Legal 500 Editorial commentary
Accolades
Client satisfaction: NPS ®
Testimonials
Collated independently by Legal 500 research team.
- ‘This firm stands out through a rare combination of legal excellence, strategic thinking, and genuine dedication to its clients. What truly makes this firm unique is its ability to turn legal challenges into clear, effective solutions tailored to each client’s needs. With a team of experienced lawyers specialised in capital markets, the firm offers not only expertise but also a proactive vision. We have a collaborative approach, focused on building long-term trust-based relationships.’
- ‘I worked with Madalina Rachieru–Postolache, who stands out through a rare blend of strong theoretical knowledge and outstanding practical skills. A dedicated professional, she possessed a deep understanding of the law and an exceptional ability to apply it effectively in real-world situations. Her promptness in responding to requests and constant availability make her a reliable partner in any legal endeavor. Regardless of the complexity of the case, Madalina provides clear, well-reasoned solutions focused on results.’
Key clients
- Societatea Energetică Electrica S.A. (“Electrica”)
- JP Morgan
- Citigroup
- ING Bank
- Fondul Proprietatea
- Erste
- Nomura
- Société Générale
- Raiffeisen Bank International
- UniCredit Bank
- NE Property B.V.
- Goldman Sachs International
- OMV Petrom
Work highlights
Advised Electrica on its €500m inaugural bond issuance.
Advised Erste Group Bank A.G. and ING Bank N.V., as joint lead managers and co-arrangers, and BT Capital Partners, as co-manager, on CEC Bank's latest MREL bond issue, which attracted €300m from international markets.
Advised the arrangers - BT Capital Partners, Banca Comercială Română, Raiffeisen Bank and Alpha Bank Romania - on Banca Transilvania's successful first sustainable bonds issue in Romanian lei, which raised RON 1.5bn.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Practice head
Madalina Rachieru–Postolache
Other key lawyers
Cosmin Anghel; Radu Ropota; Gabriel Toma; Nicolae Grasu