Clifford Chance Badea's offering in banking and finance receives client acclaim for its ‘great local knowhow of both M&A processes and project financing’. The team has a stellar track record in the representation of major banks and lenders, being frequently a part of complex cross-border financings, acquisition and project finance, asset finance, banking-related M&A, and financial regulatory matters. The senior figures to note are: Daniel Badea, a veteran of major financings and the firm’s risk management expert; Cosmin Anghel, who assists banks, IFIs and private equity sponsors with a range of financial products; Andreea Sisman, who has a strong transactional portfolio; and capital markets go-to Madalina Rachieru. In April 2024 the team was bolstered by the arrival of Oana Ionascu from Dentons; she adds experience in bilateral and syndicated cross-border loan financing. Madalina Mailat is a further contact to note.
Banking and finance in Romania
Clifford Chance Badea
Praxisleiter:
Daniel Badea; Madalina Rachieru; Cosmin Anghel; Andreea Sisman
Weitere Kernanwälte:
Oana Ionascu; Madalina Mailat
Referenzen
‘Sophisticated knowledge and experts in solving complicated matters in high level background.’
‘Andreea Sisman is a talented and dedicated lawyer, ready to solve any complex matter in an elegant manner.’
‘Good team of professionals.’
Kernmandanten
Enery Development
Banca Comerciala Romana
EBRD
UniCredit Bank
Commerzbank
Citigroup
Banco Santander
Nofar Energy
ING Bank
NEPI Rockcastle
Highlight-Mandate
- Advised Enery Development on the project financing from Unicredit Bank for developing Sarmasag solar project in Romania.
- Advised EBRD and OTP Bank on providing financing to BIG Mega Renewable Energy for the construction and operation of the 102 MW Urleasca wind farm in Brăila county in Eastern Romania.
- Advised international banks on several financing transactions for DIGI Communications group, including on two EKN- and Finnvera- covered export credit facilities for the purchase of goods and services for expanding the telecoms networks.
CMS
The Bucharest office of CMS remains a go-to destination for some of the major banking and finance matters involving Romanian law components. Its client base includes major international banks and a selection of multinationals with operations in the country. The global CMS network is also a boon to clients with matters pertaining to other operations in the CEE region and globally. Ana Radnev and Cristina Reichmann are joint leaders of the practice group. Both are well versed in high profile transactions, with Radnev strong in sustainable finance, and Reichmann an expert on innovative finance products, fintech and digitalisation. The ‘trusted and indispensable’ Adina Nanescu is also a key figure, and Alina Tihan draws on in-house experience at banks to assist with cross-border matters.
Praxisleiter:
Ana Radnev; Cristina Reichmann
Weitere Kernanwälte:
Adina Nanescu; Alina Tihan; Tudor Naftica; Diana Dona
Referenzen
‘CMS Romania’s legal team is distinguished by its combination of deep technical expertise and a client-centered approach that sets it apart from other firms. One of the key strengths is the team’s strong knowledge base, which spans various industries, including digital lending fintech, classic finance and real estate. The lawyers demonstrate a comprehensive understanding of both the legal framework and the business environment in Romania, allowing them to offer pragmatic and business-savvy solutions.’
‘Clients would particularly appreciate the team’s ability to quickly grasp the specific needs and challenges of their industry, adapting their advice accordingly. CMS Romania is well-known for its pleasant, approachable team members, who foster an atmosphere of trust and collaboration. Their communication style is clear, transparent, and solutions-focused, which enhances the overall client experience. Working with them is not only productive but also enjoyable, which is a unique and valued trait in the legal industry.’
‘Working with the CMS Romania team has been an exceptional experience due to the unique qualities of the individuals involved. They bring not only deep legal expertise but also a client-focused approach that sets them apart from competitors.’
Kernmandanten
EBRD
Raiffeisen Bank
Ford Otosan
Unicredit
Alpha Bank
Erste Group Bank
Banca Comerciala Romana
Highlight-Mandate
Dentons
Real estate finance and green, sustainability-linked finance are noted strengths of the banking and finance practice at Dentons' Bucharest office, which also handles a comprehensive range of cross-border banking and finance matters, with project, acquisition and leveraged buyout finance all being key areas of expertise. Simona Marin, frequent advisor to banks and financial institutions on cross-border transactions, leads the department. UK-qualified lawyer Simon Dayes is a strong choice for international cases, while Maria Tomescu has developed a project finance specialty in the renewables space. Stefi Ionescu, Catalina Racu and Sandra Constantin are names to note.
Praxisleiter:
Simona Marin
Weitere Kernanwälte:
Simon Dayes; Maria Tomescu; Sandra Constantin; Stefi Ionescu; Catalina Raca
Referenzen
‘Dentons includes a team of experienced attorneys that possess a deep understanding of the local market and business environment. They have a much appreciated client-focused approach, which has led to building long-term relationships. Additionally, they have constantly looked for ways to innovate and improve the local practice, including by organising webinars related to the newest practices (such as ESG, updates on LMA etc.).’
‘Dentons’ lawyers are exceptional legal professionals. Their expertise, responsiveness, client-focused approach are truly commendable. They provided invaluable guidance when working together.’
‘What sets Simona Marina and Catalina Raca apart is their dedication, professionalism, integrity as well as their ability to communicate complex legal concepts clearly. They truly take the time to understand the client’s needs and provide tailored advice.’
Kernmandanten
BRD Groupe Société Générale S.A. and Société Générale
Eurobank Group
Erste Group Bank AG
European Bank for Reconstruction and Development (EBRD)
Eximbanka SR
UniCredit Bank Group
Alpha Bank A.E. (Greece), Alpha Bank Romania S.A.
Raiffeisen Bank Group
CTP
NEPI Rockcastle N.V., NE Property B.V. and local subsidiaries
Highlight-Mandate
Filip & Company
One of the leading domestic firms in the market, Filip & Company has a strong presence in the finance space in Romania, and is counsel of choice to major domestic banks and investment companies, particularly in multi-jurisdictional matters. The team is adept across financing matters, covering straight lending, factoring, and leasing. Practice head Alina Stancu Bîrsan has extensive experience handling transactions, refinancing matters, and regulatory issues for banks, also helming the energy and projects offerings. Capital markets-related matters are the primary strength of Alexandru Bîrsan, while Alexandra Manciulea, praised for her ‘great negotiation skills’, has assisted with significant performing and non-performing loan transactions. Rebecca Marina and Camelia Iantuc are also key names in the group.
Praxisleiter:
Alina Stancu Birsan
Weitere Kernanwälte:
Alexandru Birsan; Alexandra Manciulea; Rebecca Marina; Camelia Iantuc
Referenzen
‘Filip and Partners are good professionals in banking and finance practice. They are involved in complex transactions and, every time, they are capable to bring at the same table all stakeholders and to provide them legal solutions for moving the projects/transactions forward.’
‘The lawyers from Filip & Partners have excellent legal qualifications and a vast experience in the legal field and specifically, on banking legislation.’
‘Alexandra Manciulea – great negotiation skills, provides support through out the entire process, she is solution oriented, conducts discussion easily.’
Kernmandanten
Digi Romania S.A. (former RCS&RDS S.A.)/ DIGI Communications N.V.
Banca Transilvania S.A.
Holde Agri Invest
Victoriabank S.A.
UniCredit Bank S.A.
Raiffeisen Bank S.A.
Banca Comerciala Romana S.A.
ING Bank NV Amsterdam, Bucharest Branch
Alpha Bank Romania S.A.
Oresa Limited
Dante International S.A.
Credit Europe Bank S.A.
Romanian Business Consult
Garrett Motion Inc.
Coöperatieve Rabobank U.A.
Instant Factoring IFN S.A.
Transcash
HeyBlu IFN S.A.
Highlight-Mandate
- Advised Banca Transilvania on the acquisition of OTP Bank Romania, OTP Leasing and OTP Asset Management, along with several other regulated and unregulated group entities thereof.
- Advised Digi Romania on the contracting of new financings, such as two export credit facilities in an aggregate amount of EUR 117m, as well as additional facilities.
- Advised Banca Transilvania on the conclusion of a synthetic securitisation package with the European Investment Bank (EIB) and the European Investment Fund (EIF).
Nestor Nestor Diculescu Kingston Petersen
Nestor Nestor Diculescu Kingston Petersen's banking and finance department has a broad coverage of the space, advising on complex financing deals while also supporting clients with regulatory matters. Further work within the wheelhouse of the teams includes the launch of banking and financial products, trading performing and non-performing loan portfolios, M&A, and day-to-day advice. ‘First-rate professional’ Alina Radu heads the group and is one of the best regarded figures in the market, with a longstanding track record at the top. Her team includes Valentin Voinescu, a strong choice of counsel across transactional matters, project finance and structured finance; and more junior lawyers Alexandru Ciambur and Catalina Dan.
Praxisleiter:
Alina Radu
Weitere Kernanwälte:
Valentin Voinescu; Alexandru Ciambur; Catalina Dan
Referenzen
‘In-depth knowledge of the local market.’
‘Alina Radu is always available and willing to find a solution for the customer.’
‘Professional advice and assistance in complex transactions. Particular capabilities in respect of providing assistance and issuing legal opinions in relation to state guarantees.’
Kernmandanten
Banca Comerciala Romana S.A.
Exim Banca Romaneasca S.A.
Raiffeisen Bank S.A.
Globalworth Group
Impact Developer & Contractor
OTP Bank
Highlight-Mandate
- Advised a syndicate of banks coordinated by Exim Banca Romaneasca on the amendment and extension until 2026 of $150m working capital credit facilities for aluminium producer ALRO.
- Advised a syndicate of banks coordinated by Banca Comerciala Romana on all matters related to the EUR 101.5m financing of Rodbun group.
- Assisted a syndicate of banks with the $598m financing granted to Azomures, Ameropa Grains and Chimpex for the refinancing existing exposure of the companies, as well as for general corporate financing purposes.
RTPR | Radu Taracila Padurari Retevoescu SCA
From asset and structured finance, and leveraged and acquisition finance, to assistance with project funding, real estate finance, and restructuring, RTPR | Radu Taracila Padurari Retevoescu SCA covers the gamut of matters in the Romanian market and remains one of the go-to practices for work of the highest value and complexity. The firm has a close relationship with the A+O Shearman network and assists with domestic and international projects, including landmark deals in Romania and the CEE region. Victor Pădurari and Alexandru Retevoescu are joint practice heads and both are trusted counsel to major financial institutions and international banks. The ‘very knowledgeable and reliable’ Cosmin Tilea and Andreea Nedeloiu are further key figures, along with Andreea Burtoiu and Poliana Gogu-Naum.
Praxisleiter:
Victor Padurari; Alexandru Retevoescu
Weitere Kernanwälte:
Cosmin Tilea; Andreea Burtoiu; Poliana Gogu-Naum; Andreea Nedeloiu
Referenzen
‘The firm was involved in unique projects at Romanian banking industry level (such as issue of covered bonds) and has shown sound knowledge of specific legislation as well as of any related legal matters involved in the respective projects.’
‘The team we worked with had a proactive approach, identifying and aligning local legal requirements to international markets practices.’
‘Members of the banking and finance team have a great legal knowledge and good understanding of the commercial background of the deals, which enables them to find quick solutions to various issues encountered in the deals.’
Kernmandanten
EBRD
Erste Group Bank
Raiffeisen Bank
KBC Bank
ING Bank
UniCredit Bank AG
World Class Romania S.A.
Rodbun Grup SA
Banca Comerciala Romana (BCR)
WOOD & Company Financial Services, a.s.
Highlight-Mandate
- Advising World Class Romania on its syndicated and bilateral financings.
Tuca Zbârcea & Asociatii
Romanian banks can count on the banking and finance team at Tuca Zbârcea & Asociatii to assist with cross-border financing and financial transactions at the highest level. ‘Experienced in all types of financing issues’, the department is also counsel of choice to the Romanian subsidiaries of international financial groups, and regional financial institutions. Stefan Damian draws on more than 25 years of experience in advising on complex financial, regulatory and capital markets issues. He co-leads the practice with Gabriela Anton, who is ‘known for meticulous attention to detail’. Catalin Georgescu bolsters the team and has a strong track record supporting the practice heads on matters for both financiers and sponsors.
Referenzen
‘The banking team of Tuca Zbarcea & Asociatii is top-notch, one of the best in Romania. They are experienced in all types of financing issues and in our case their expertise was extremely relevant since we had to negotiate tough financing terms with a local bank. In the end, we benefitted from a very satisfactory arrangement for which we are grateful to Tuca’s team!’
‘Gabriela Anton was always available and open to explain everything to us step by step, which gave us great peace of mind. Basically, Gabriela showed rare empathy and impressive patience in explaining all the legal details we did not understand. Also Catalin Georgescu was very meticulous and hands-on.’
‘This law firm stands out through a personalised and innovative approach to each case, combining top legal expertise with a deep understanding of the client’s needs. Their team has extensive experience across various legal areas and differentiates itself through close collaboration among lawyers, allowing them to provide efficient and tailored solutions. Their innovations include the use of advanced technology for case management and transparent billing, as well as promoting diversity within the team. Compared to other firms, they place a strong emphasis on flexibility and efficiency, delivering high-quality services in an agile and results-driven manner.’
Highlight-Mandate
Bondoc si Asociatii SCA
Bondoc si Asociatii SCA‘s banking and finance team is accomplished in assistance to both lenders and borrowers in high-value financing, including those with elements new to the Romanian market. The team’s slate of work spans acquisition, corporate and aviation finance, green financing and financial regulatory issues. Simona Petrișor comes with client recommendation and leads the team, combining regulatory expertise with strength in high-end transactions. The broad practice of Diana Ispas is a further boon to clients in this area. At a more junior level, Alexandru Achim, Silviu Vasiliu and Florin Sandu are the names to note.
Praxisleiter:
Simona Petrișor
Weitere Kernanwälte:
Diana Ispas; Florin Sandu; Silviu Vasiliu; Alexandru Achim
Referenzen
‘Very good collaboration with the team so far.’
‘Knowledge of the sector, good involvement with the client and positive attitude in solving issues.’
‘Highly professional attentive to client’s needs.’
Kernmandanten
A&M Capital Advisors Europe LLP
Air Lease Corporation
Altor Fund
Banca Comerciala Romana
Cargus (owned by Mid Europa Partners)
CMU Regina Maria (owned by Mid Europa Partners)
Commerzbank Group
Dante International (owner of EMAG, largest online retailer in Romania and CEE)
Deutsche Bank
Erste Group Bank
EBRD
Garanti Bank Romania S.A.
Johnson & Johnson
JS Hamilton Poland
International Finance Corporation
Banca Comerciala Intesa SanPaolo Romania S.A.
Oney Bank / Oney Finances S.R.L. (Auchan Group)
OTP Bank
PPF Group
Joint Stock Company Commercial Bank PrivatBank
Profi Rom Food
UniCredit S.p.A.
UniCredit Bank S.A.
LeasePlan
Samax Romania
SOLAREALIZE RO S.R.L.
Verbund Wind Power Romania S.R.L
A.forall Group NV
Tembo Capital Mining GP III Ltd
Kenvue
Stabilus SE
TBI Bank
Token Payment Services S.R.L.
Toyota
GORM Engine Management Limited
In Confidence
Highlight-Mandate
- Assisted RetuRO Sistem Garanție Returnare with obtaining a RON 426m green financing and additional support related to an L/G issuance.
- Assisted a syndicate of banks with the project finance of a 450 MW onshore wind farm in Romania.
- Advised UniCredit on a two-step deal with Alpha Bank Group aimed at merging Alpha Romania into UniCredit Romania.
Kinstellar
Prowess in financial regulatory matters is one of the hallmarks of the banking and finance practice at Kinstellar's Bucharest office, which is counsel of choice to a selection of major international banks. Other regular instructions for the team include cross-border financings of all kinds, and the practice continues to develop its lender-to-lender financings offering. Vastly experienced Magdalena Răducanu is co-head of the firm’s CEE regional offering in this area, as well as co-leading the Bucharest team. Alongside her, Zsuzsa Csiki is the go-to contact for financial regulatory issues. Răzvan Constantinescu and Mădălina Perțe are further names to note.
Praxisleiter:
Magdalena Răducanu; Zsuzsa Csiki
Weitere Kernanwälte:
Răzvan Constantinescu; Mădălina Perțe
Referenzen
‘The team stood out for its exhaustive way of analysing a specific commercial and financial dispute, exploring all the risks associated with concluding a contract subject to a particularly complex legal frame.’
‘Magdalena Raducanu ensured the exhaustive analysis of the legal regime applicable to the proposed legal act and its possible effects, highlighting the specific risks, in an extremely short period of time. She also ensured the construction of the requested act, incorporating specific clauses to mitigate the identified risks.’
‘As per my experience the practice is well organised, they keep deadlines and keep track of the statuses of the different tasks. ’
Kernmandanten
Banco Santander
ING Bank
BIG Mega Renewable Energy
European Investment Bank
Dacodasoft / Alpega Group
Indotek Group
CCC
All4Labels
InterCars
Polon-Alfa
Smyk
Mizuho Bank
Soldiers Field Estate
Highlight-Mandate
- Advised a consortium of lenders (including Bank Polska Kasa Opieki, Powszechna Kasa Oszczędności Bank Polski, Česká spořitelna, ING Bank, BBVA, BNP Paribas, Rabobank) on the Romanian, Czech and Hungarian legal aspects of a EUR 800m financing agreement with fast-food operator AmRest.
- Advised a consortium of leading banks on a new EUR 150m senior facility granted to DIGI Romania.
- Advised BIG Mega Renewable Energy on the financing transaction with the European Bank for Reconstruction and Development and OTP Bank to build and operate the Urleasca wind farm.
Musat & Asociatii
Praised for its ability to ‘easily navigate the complexity of the legal system’, Musat & Asociatii‘s banking and finance department makes for a reliable choice in a number of areas, including financial regulatory matters, acquisition and leveraged finance, and fintech. The ‘proven experience’ of ‘very pragmatic’ co-head of the practice Monia Dobrescu is an advantage to her client base, which includes a host of international banks. Fellow practice head Răzvan Stoicescu has a similarly international crop of clients, and support to the practice heads comes from Cristian Cepesi and Robert Urmosi.
Praxisleiter:
Monia Dobrescu; Razvan Stoicescu
Weitere Kernanwälte:
Cristian Cepesi; Robert Urmosi
Referenzen
‘Strong team and strong ability in finance and banking work.’
‘Monia Dobrescu and her team are outstanding.’
‘Expertise, meeting all deadlines, negotiation skills.’
Kernmandanten
BCR Banca pentru Locuințe
Hili Properties / Baneasa Real Estate SRL
HSBC, JP Morgan, RBC, Citibank, Northern Trust, State Street, The Bank of New York Mellon
Highlight-Mandate
- Advising BCR Banca pentru Locuinte on regulatory issues of the financing system.
- Advising Hili Properties on the taking of a multi-million euro facility agreement for the acquisition of the minority shareholding in Baneasa Real Estate.
- Advising on a long term basis HSBC, JP Morgan, RBC, Citibank, Northern Trust, State Street, The Bank of New York Mellon, regarding their 2024 provision of securities custody services in Romania and related risks in insolvency of local custodians.
Popescu & Asociatii
Standout features of the banking and finance practice at Popescu & Asociatii include a specialism in advice to digital banks on their establishment and operations in Romania, and a strength in handling contentious work in the sector. Banks and financial institutions look to the practice group for assistance with financings and regulatory issues. The practice is overseen by Octavian Popescu, who has ‘a profound understanding of the banking and finance sector’; Anca Simeria, who is especially strong on transactional work; and a real estate finance expert in Loredana Popescu. Constantin Branzan and Mirela Cazacu are additional names to note.
Praxisleiter:
Octavian Popescu; Anca Simeria; Loredana Popescu
Weitere Kernanwälte:
Constantin Brazan; Mirela Cazacu
Referenzen
‘Popescu & Asociatii’s banking and finance practice stands out for its deep knowledge of both legal and financial regulations and, at the same time, for the lawyers’ ability to tailor the right solutions, depending on the targeted objectives. Potential clients should know that the team excels in strategic thinking, regulatory expertise, and a client-focused approach that sets them apart in the legal Romanian market.’
‘Octavian Popescu demonstrates a profound understanding of the banking and finance sector. His ability to navigate complex regulatory challenges and provide strategic counsel is invaluable.’
‘I highly appreciate Loredana Popescu for her in-depth knowledge of finance and corporate law. She provides practical and business-oriented advice, making her a trusted partner in any negotiation and regulatory matters.’
Kernmandanten
BANCA TRANSILVANIA
SALT (IDEA) BANK
DVI PRODUCTION
INDUSTRIAL PARKS MARAMURES (Parcuri Industriale Maramures)
FIRST BANK
Romanian Guarantee Fund for Private Entrepreneurs (FRGCIP)
BT PENSII
REVOLUT LTD
ING Bank NV Amsterdam – Bucharest Branch
GENERALI SAFPP
METLEN Energy & Metals (formerly MYTILINEOS HOLDING)
SOMETRA SA
ELECTRICA FURNIZARE
KUKULLO MEZO CAMP
Highlight-Mandate
- Advising Salt Bank in the procedure of incorporation of the bank in front of the Romanian authorities.
- Assisting Banca Transilvania with financing agreements negotiated and concluded with the World Bank.
- Representing Parcuri Industriale Maramures SA in obtaining finance, under the North-West Regional Programme 2021-2027, co-financed by the European Union, in order to support the development of smart specialisation parks.
Reff & Associates SCA
In the blossoming fintech space in Romania, Reff & Associates SCA is one of the key firms, boasting a notable client base from across the tech sector. More broadly, its banking and finance offering covers transactional matters, loan portfolio deals, financings, and banking-related M&A. ‘Smart and open-minded’ practice head Andrei Burz-Pinzaru regularly assists banks, non-banking financial institutions, payment institutions and publicly traded companies with financial regulatory matters. His team includes Andreea Șerban, who has a strong track record in loan portfolio disposals and M&A deals in the financial sector; and Patricia Enache, a frequent part of teams of counsel on high-value financings.
Praxisleiter:
Andrei Burz-Pînzaru
Weitere Kernanwälte:
Andreea Serban; Patricia Enache; Roxana Bratosin
Referenzen
‘Reff & Associates’ banking and finance practice stands out for its in-depth industry knowledge and pragmatic approach to complex transactions. The team excels in structuring innovative financing solutions, with a focus on regulatory compliance and risk management. Their ability to handle large-scale deals with efficiency, coupled with a client-focused mindset, makes them a preferred choice. The practice is distinguished by its collaborative culture, diverse team, and use of advanced technology for seamless communication and project management.’
‘The individuals at Reff & Associates are exceptionally skilled, with a deep understanding of both local and international markets. They combine technical expertise with a strategic outlook, offering valuable insights that go beyond legal advice. Associates are highly responsive, detail-oriented, and proactive, often anticipating challenges before they arise. Their dedication to client service and strong work ethic consistently set them apart from competitors.’
‘Andrei Burz-Pinzaru and Patricia Enache bring a strategic, forward-thinking approach, offering a rare combination of technical knowledge and commercial insight. Together, they provide seamless client service, setting a high standard in the industry.’
Kernmandanten
CEC Bank S.A.
Banca Comercială Română S.A.
BCR – Banca pentru Locuințe S.A.
Banca Comerciala Intesa Sanpaolo Romania S.A.
Powszechna Kasa Oszczędności Bank Polski S.A. (PKO Bank Polski)
ING BANK N.V. Amsterdam, Sucursala București
Bank of China (Central and Eastern Europe) Limited Sucursala Bucuresti
Addiko Bank d.d.
Garanti Bank S.A.
TBI Bank EAD
Credex IFN S.A.
Verida Credit IFN S.A.
Netopia Financial Services S.R.L.
BLIK ROMANIA S.A. and Polski Standard Płatności Sp. Z o.o.
Capital Financial Services S.A. (Twispay)
SEIF FINANCIAL SERVICES S.R.L. (SeifMoney)
VERALTIS ASSET MANAGEMENT S.R.L., part of B2K Group
CREDITEXPRESS FINANCIAL SERVICES S.R.L.
Santierul Naval Damen Galati S.A.
Concavo Trading Limited
MultiversX Labs S.R.L.
Highlight-Mandate
- Advising Blik Romania on the set-up and the authorisation by the National Bank of Romania of a local payment system.
- Advising Netopia Financial Services on preparing the full documentation required for its licensing by National Bank of Romania as a payment institution.
- Advised Veraltis Asset Management on its authorisation by ANPC as credit servicer.
Schoenherr si Asociatii SCA
The ‘deep knowledge of Romanian legal market specifics’ among practitioners in Schoenherr si Asociatii SCA‘s banking and finance practice benefits its client base of prominent banks and companies operating in the CEE region. Its slate of work covers the full range of matters in the practice area, from domestic and cross-border financing and refinancing matters, project and acquisition finance, to debt restructuring and NPL transactions. Matei Florea and capital markets expert Narcisa Oprea jointly oversee the department, with Adina Damaschin standing out as another key figure. She receives client acclaim as ‘a very committed and highly professional individual’.
Praxisleiter:
Matei Florea; Narcisa Oprea
Weitere Kernanwälte:
Adina Damaschin; Alexandra Pop; Silviu Lazar; Valeria Stropsa
Referenzen
‘We appreciate their service and professionalism.’
‘Always available and ready to help us as a lender even when there is a difficult transaction and/or difficult negotiations with the borrower as a counterparty. Deep knowledge of Romanian legal market specifics, particularly on the matters regarding solar PV financing transactions. Firm is eager to recommend on deal structure improvements and additional legal protections.’
‘Adina Damaschin from Romanian office is an excellent example of a very committed and highly professional individual, who can be easily recommended to anyone who is planning business in Romania.’
Kernmandanten
Banca Comerciala Romana
DDM
Enery
Eurobank
Erste Bank Group
Kommunalkredit Austria
Patria Bank
Piraeus Bank
Raiffeisen Bank
UniCredit Bank
Highlight-Mandate
- Assisted Kommunalkredit Austria with granting a EUR 25m loan to INVL Renewable Energy Fund I to finance the construction of solar power plants with a total capacity of 51 MW in Romania.
- Advised Piraeus Bank on the sale of its participation in a primarily non-performing exposures portfolio amounting to a EUR 400m legal claim to APS.
Wolf Theiss
The Wolf Theiss banking and finance practice continues to be active in financings, refinancing, real estate finance in Romania, frequently on behalf of major banks and banking consortiums. Claudia Chiper leads the team and stands out in the market for her expertise in advice to the payments services sector, acting for credit institutions, non-banking financial institutions, e-money issuers. Iuliana Stoicescu draws on in-house experience in the financial sector, and Alexandru Asaftei is a further name to note, with broad business law capabilities.
Praxisleiter:
Claudia Chiper
Weitere Kernanwälte:
Iuliana Stoicescu; Alexandru Asaftei; Smaranda Vacaru; Catalin Sabau
Kernmandanten
Accession Capital Partners
AFI Group
Banca Comerciala Romana (BCR)
Cedar Invest
CVI Dom Maklerski
Erste Group Bank
International Finance Corporation (IFC)
Raiffeisen Bank Romania
Solas Capital
Societatea Nationala Nuclearelectrica
UAB ‘MUNDUS’
Highlight-Mandate
- Advising AFI Park 1 SRL, AFI Park 2 SRL, AFI Park Building 3 SRL and AFI Park Offices 4&5 SRL, acting as borrowers, in relation to a EUR 100m financing to be granted by Erste Group Bank and Banca Comerciala Romana.
- Advising ACP (Accession Capital Partners) Credit on a EUR 10m credit facility granted to Mogo IFN, a subsidiary of Eleving Group.
- Advising ACP (Accession Capital Partners) Credit on a credit facility granted to Value4Capital for the acquisition of Clarfon.
Bohalteanu si Asociatii
Digitalisation products, consumer finance projects, and regulatory aspects of setting up financial institutions are three noted strengths of the banking and finance offering at Bohalteanu si Asociatii. Real estate financing is a further area in which the team excels. Practice head Daniela Milculescu is experienced at handling high-profile finance transactions and loan restructuring for international and domestic banks. Andreea Roman, Theodora Dumitru and Andreea Soare are the additional names to note.
Praxisleiter:
Daniela Milculescu
Weitere Kernanwälte:
Andreea Roman; Theodora Dumitru; Andreea Soare
Referenzen
‘The team is made up of legal professionals who responded to every legal issue raised in the optimal term and effectively solved any problem that arose during our collaboration. The collaboration was extremely easy and innovative.’
‘Ionut Bohalteanu showed professionalism, the answers to my questions came promptly, even in situations where they were extremely urgent.’
‘Very short response time, very experienced and profound knowledge, easy to work with.’
Highlight-Mandate
Bulboaca & Asociatii
‘Great leader and very professional partner’ Adrian-Catalin Bulboaca is the figurehead of the banking and finance practice at Bulboaca & Asociatii. Financial institutions, funds, companies, and company shareholders look to the team for assistance with acquisition finance and NPL transactions, with Adrian-Catalin noted for his experience in loan syndication. Mariana Signeanu joined from Biris Goran SPARL in September 2023, bolstering the group.
Praxisleiter:
Adrian- Cătălin Bulboacă
Weitere Kernanwälte:
Mariana Signeanu
Referenzen
‘Adrian Bulboaca is a great leader and a very professional partner.’
‘Bulboaca team’s strengths and capabilities are the professionalism, attention to details, profound analysis of the client’s business and awareness of the political and business culture in Romania.’
‘Adrian Bulboaca has a profound understanding of banking and finance law area, which has been instrumental in successfully navigating complex cases. He is a meticulous researcher, an excellent strategist, and a persuasive advocate in negotiations. He is adept at coordinating complex legal strategies, managing teams, and ensuring that every member contributes effectively.’
Kernmandanten
Superbet Group Ltd
GLAS Trust Corporation Limited
CanPack Romania SRL
Société Générale SA
Frigoglass Group
Chimcomplex SA Borzesti
Citibank
Goldman Sachs
Romcab SA
Barclays
Highlight-Mandate
- Assisted Frigoglass Group, Frigoglass S.A.I.C. and its Romanian affiliates with the restructuring of existing EUR 230m debt, in the form of bonds issued starting with 2020.
- Assisted Superbet Group, the client, as well as the finance parties with the local matters related to the implementation of an additional facility to fund its expansion into Brazil.
- Advised CanPack as guarantor, with the local matters related to the arrangement for its entities of a EUR 400m ABL Facility from a consortium of banks.
DLA Piper Dinu SCA
Ioan Chiper heads DLA Piper Dinu SCA's team for banking and finance matters, which has particular strengths in bilateral and syndicate financing, financial restructuring matters, and financial regulatory and compliance. Chiper is New York and Romania qualified and has a transactional focus to his practice. Andreea Badea and Georgiana Stan stand out supporting the practice head.
Praxisleiter:
Ioan Chiper
Weitere Kernanwälte:
Andreea Badea; Georgina Stan
Referenzen
‘We have been working with the team for a few years and we are very pleased with their professionalism, transparency and efficiency.’
‘Extremely qualified experts with excellent communication skills. They can deliver even in short notice.’
‘The team is unique due to its combination of local expertise and international experience. Potential clients would appreciate their quick responsiveness, personal interaction, and broad industry knowledge1. The team excels in various legal areas.’
Kernmandanten
KT ENGINEERING CO., LTD.
The Phoenix Insurance Company LTD and The Phoenix Pension and Provident Fund
365 Capital Fund Cooperatief
Bekaert B.V.
Żabka Polska
Highlight-Mandate
- Assisting KT Engineering with all relevant financing matters in the context of the recovery of a significant amount related to the construction and operation of three photovoltaic park projects in Romania.
- Assisting Phoenix Holdings with its joint venture with Econergy Renewable Energy Ltd.
- Assisting 365 Capital Fund Cooperatief with the financing of the acquisition of Hendi.
KPMG Legal - Toncescu & Partners SPRL
Acting for a broad range of financial services companies, the team at KPMG Legal - Toncescu & Partners SPRL is a reliable choice for banking and finance regulatory issues in Romania. A sizeable team of lawyers assist on different aspects within the practice area, with Laura Toncescu leading, drawing on two decades of experience. Other key names include Sebastian Olteanu, who assists multinational entities with financial services transactions; and Cristina Rosu, Günay Duagi and Raul Dimitriu are all regularly involved.
Praxisleiter:
Laura Toncescu
Weitere Kernanwälte:
Sebastian Olteanu; Cristina Rosu; Günay Duagi; Raul Dimitriu
Referenzen
‘The Banking and Finance practice at KPMG Legal Toncescu și Asociații SPRL stands out for its exceptional expertise, pragmatic solutions and unwavering commitment to client needs. The team’s ability to handle complex financial matters with precision and efficiency sets them apart in the industry.’
‘The team members I have worked with, including Laura Toncescu, Günay Duagi, Olteanu Sebastian, and Raul Dimitriu, are exceptional specialists in their respective fields.’
‘I especially liked working with Gunay Duagi and Raul Dimitriu, they are both very responsive and helpful.’
Kernmandanten
Porsche Finance Group
EOS Group
Alpha Bank Romania SA
Pepco Group Limited / Pepco Group Services Limited
Banca Comerciala Romana SA (BCR)
Garanti Bank SA
Highlight-Mandate
- Assisting Alpha Bank Romania SA with reshaping its entire banking corporate legal documentation in accordance with latest changes in specific legislation, market practice, ESG, LMA updates and case law.
- Assisted Eos Group with the acquisition of a retail portfolio of secured non-performing loans from OTP Factoring, as well as in the acquisition of the entire credit/receivables portfolio from BRD Finance IFN S.A.
- Advised Porsche Bank Romania on its intended reorganisation in Romania, including in the sale process of the bank.
Peli Partners
Real estate financing is the draw for clients of Peli Partners' banking and finance practice. The team acts for a client roster of investors and a diverse mix of companies, being well versed in a range of transactional matters. Experienced business law expert Carmen Peli heads up the practice, supported by Delia Lepadatu.
Praxisleiter:
Carmen Peli
Weitere Kernanwälte:
Delia Lepadatu
Referenzen
‘Extensive expertise in the banking and finance sector, detail oriented and proactive team able to support you in every step of a transaction.’
‘We recommend Delia Lepadatu for her continuous support and client oriented mindset.’
Kernmandanten
Mitiska REIM
Niro Investment Group
S7 Pitesti Property (Mitiska REIM Group)
Scallier Group
Mega Company (Salah Turkmani)
Macquarie Group
Colosseum Mall
Adventum Group
Highlight-Mandate
- Assisting Mitiska REIM with refinancing its entire retail park portfolio in Romania for an aggregate loan value of over EUR 123m.
- Assisting a developer, part of Niro Investment Group, with obtaining a financing to complete a luxury hotel in Bucharest from a syndicate of banks comprised of private and state-owned Romanian banks.
- Assisting Scallier Group with several financing structures with an aggregate value exceeding EUR 40m involving multiple Romanian banks for the purpose of developing retail parks across the country.
Volciuc-Ionescu
Cross-border financing is a regular feature of the workload for Volciuc-Ionescu's banking and finance team, which often acts as Romanian legal counsel to foreign clients. Sabin Volciuc-Ionescu heads the practice group and assists with a range of project financing, with a specialism in the energy sector. Diana Tudor is the other key figure in the team.
Praxisleiter:
Sabin Volciuc-Ionescu
Weitere Kernanwälte:
Diana Tudor
Referenzen
‘The experience of collaborating with the Volciuc-Ionescu team was a positive one. We found a dedicated, professional, experienced team, bringing added value to the projects in which they were involved. An aspect worth appreciating is that in discussions and/or negotiations, the team was represented by several partners and/or associates from diverse areas of practice.’
‘I appreciated the availability and openness that they had even outside the proposed work purpose.’
‘Volciuc-Ionescu SPARL is one of the best law firms in Romania. I am happy to provide feedback on this firm and to recommend them as a choice 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.’
Kernmandanten
Banca Comerciala Romana
Bank of China
Banca Transilvania
Deutsche Bank
IFC
J&T Banka
Société Générale
Highlight-Mandate
- Advised Metlen Energy & Metals on securing EUR 93m renewable energy project financing arranged by Alpha Bank for a 130 MW photovoltaic park.
- Advised an international trader on commodities trade finance of goods while in storage in the Port of Constanta.
- Advised IFC, the investment arm of the World Bank, on the refinancing of a Turkish automotive group.
Zamfirescu Racoti Vasile & Partners
‘Distinguished by its technical expertise’, the banking and finance offering at Zamfirescu Racoti Vasile & Partners is a reliable choice of counsel for banks and financial institutions in Romania. Banking regulatory issues and green financing are among the particular strengths of the team, which is co-led by Elena Iacob and Ioana Racoti. Adina Rotaru and Denisa Neamțiu are the additional names to note.
Praxisleiter:
Ioana Racoti; Elena Iacob
Weitere Kernanwälte:
Adina Rotaru; Denisa Neamtiu
Referenzen
‘ZRVP is one of the most respected, known and appreciated Romanian Law firm, with a cross-sector experience and significant portfolio.’
‘Ioana Racoti is the partner managing the banking practice, a hands-on partner with thorough knowledge of its field and with an appreciable experience backed up by major transactions in the last decades.’
‘Elena Iacob is a lawyer with inside banking experience and with solid knowledge and exceptional reputation in the market.’
Kernmandanten
GARANTI BANK S.A.
DHB BANK S.A.
INTESA SANPAOLO ROMANIA
ALRO S.A.
FIRST BANK S.A.
ILIOTOMI GROUP
ROMANIAN BANKS ASSOCIATION (ARB)
ALUM S.A.
Highlight-Mandate
- Advised Alro SA as borrower for the extension until 2026 of the working capital credit facility amounting to $150m.
- Advised on the revision of the full package of retail lending model documentation and tailored compliance advice for Garanti BBVA Romania.
- Advised Intesa SanPaolo Romania on a decision of the National Authority for Consumer Protection impacting the retail loans portfolio of the bank.
Dragne & Asociatii SCA
Dragne & Asociatii SCA maintains a banking and finance practice equipped to handle financial investments, loan restructuring, enforcement of securities granted on short-term loans, and consumer protection measures. The team is overseen by a group of four lawyers: arbitration-focused Andreia Oana Dumitrescu; Daniel Cirstea, who has experience in finance-related litigation; tax and administrative law expert Delia Boșman; and Stelian Garofil, who advises domestic and international clients on a range of matters across finance.
Praxisleiter:
Stelian Garofil; Delia Bosman; Andreia Oana Dumitrescu; Daniel Cirstea
Weitere Kernanwälte:
Mihai Iorga
Referenzen
‘Experienced and dedicated team.’
‘Competence and availability.’
Kernmandanten
Banca Comerciala Romana SA
Espe Energia SRL
Highlight-Mandate
Leroy si Asociatii
Leroy si Asociatii assists with structured lending, derivatives, financial services regulatory issues, and project finance, and also has notable experience acting for public bodies. Andreea Toma, ‘an experienced lawyer with extensive expertise in financing’, leads the department, handling a range of financial transactions. Cristian Bumbac and Adriana Spataru are the additional names to note.
Praxisleiter:
Andreea Toma
Weitere Kernanwälte:
Cristian Bumbac; Adriana Spataru
Referenzen
‘Client oriented team, very good understanding of commercial approach and tailored legal advice to meet client needs in negotiation and avoid deadlocks.’
‘Andreea Toma is an experienced lawyer with extensive expertise in financing who’s advice is always legally accurate and focused on client’s needs.’
Kernmandanten
ISDA
ICMA
BNPP
IFC
ISLA
European Federation of Energy Traders (EFET)
UniCredit Bank S.A. (UCB)
Highlight-Mandate
Popovici Nitu Stoica & Asociatii
Multinational banks requiring Romanian law assistance are among regular client base of the finance team at Popovici Nitu Stoica & Asociatii. The practice is adept at acting on both borrower and lender sides of financial transactions, and fintech work is a specialist area. Bogdan Stoica heads the offering, and Alexandru Ambrozie and Ioana Lazar are other key figures to note.
Praxisleiter:
Bogdan Stoica
Weitere Kernanwälte:
Alexandru Ambrozie; Ioana Lazar
Referenzen
‘Pragmatic and fast approach, always well measured between pro and cons arguments.’
Kernmandanten
BRD Société Générale
Deutsche Bank
Banque Banorient France
Franklin Templeton Investment Management Limited United Kingdom
Libra Internet Bank
Deutsche Leasing
The Governor and Company of the Bank of Ireland
Ameropa Group/Ameropa Grains/ Azomures/Chimpex
CCCG Turceni
KBC Bank
Oresa
Highlight-Mandate
- Advised Ameropa Group companies in Romania on EUR 550m financings.
- Advised Ameropa Transilvania Holding on contracting a project finance facility agreement in view of acquiring the majority share stake in the companies Promat Comimpex and Agroind Cauaceu.
- Advised Paval Holding on two credit facilities for an amount of EUR 53.7m from Raiffeisen Bank in relation with the acquisition of U Center 1.