CLIFFORD CHANCE BADEA
Tel: +40 21 666 61 00
E-mail: [email protected]
Web: www.cliffordchance.com
Most senior representative: Daniel Badea, Managing Partner
No. of local partners: 3
No. of lawyers: 35
Offices in Romania: Bucharest
Partners and heads of practice
Practice Areas: Banking & Finance; Capital Markets; Energy & Natural Resources; Project Finance/PPP; White Collar Crime/Risk Management; Restructuring & Insolvency
Eminent practitioner with more than 22 years of market leading international experience, has advised major international financial institutions, investment banks and leading corporate enterprises and has been involved in numerous ground breaking banking, restructuring & insolvency, capital markets, PPP/project finance transactions and in some of the most complex white collar/strategic risk management cases in Romania.
Practice Areas: Corporate, M&A, Private Equity, Real Estate, Employment, Competition, Energy & Natural Resources, Healthcare & Pharma
Practicing business law for over 24 years in the international environment, in Bucharest and the City of London. She has advised large private equity funds, real estate funds and developers, investment banks, and major corporations in high-profile strategic projects - complex M&A transactions (mergers, acquisitions, divestitures, carve-outs, joint ventures), infrastructure and development projects.
Practice Areas: Capital Markets; Banking & Finance; Insurance
Advising financial institutions, investment banks, local and global companies in complex finance transactions, public offerings, GDRs issues, domestic and international bond issues, EMTN programmes, and receivables securitisations. She has been involved in almost all major Capital Markets transactions of the last 17 years in Romania.
Practice Area: Litigation & Dispute Resolution; Insolvency; Public Procurement; Healthcare & Pharma
Over 28 years in civil, commercial and corporate law, enforcement proceedings, insolvency procedure, and regulatory litigation in industries such as energy, telecom, environment and capital markets, competition law, administrative and fiscal law, construction litigation, public procurement litigation, white collar crime litigation. Simona represents clients in court and before arbitration tribunals.
Practice Areas: Corporate M&A; Technology; Real Estate
Specialises in complex merger and acquisition deals, joint-ventures and exits and has been involved in numerous high-profile domestic or cross-border transactions in key industry sectors, with a particular focus on high-tech industries, oil & gas, real estate and industrial sectors.
Practice Areas: Fintech; Banking & Finance; Capital Markets
Actively involved in syndicated and bilateral finance, acquisition finance, commercial loans, public debt finance, municipal finance, secured lending, mortgage finance, consumer credit, financing or leasing of aircrafts, finance based on discounting of receivables and issuance of bills, bond issuance and EMTN programs and derivative transactions.
Practice Areas: Banking; Project Finance/PPP; Real Estate Finance; Healthcare & Pharma; Energy
Advising international clients in both domestic and international large transactions from various sectors, including banks, infrastructure, energy and the real estate sector. Her expertise covers public procurement and concessions/ PPPs, project finance, real estate finance, general finance, debt restructurings.
Practice Areas: Capital Markets; Restructuring & Insolvency
A key lawyer of the Capital Markets team, having been involved in high-profile transactions, including IPOs, secondary offerings and block trades, medium-term note programs, covered bonds and high-yield bonds issuances. He is also coordinating the Restructurings and Insolvency area within our Litigation & Dispute Resolution practice.
Practice Areas: Corporate M&A; Real Estate; Employment; Consumer Goods & Retail; Financial M&A; Insurance
Extensive experience on local and cross-border M&A transactions, providing legal consultancy to multinational and Romanian clients on all legal aspects related to M&A, with a special focus on regulated sector. She also has expertise in employment matters - individual and collective labour contracts, labour force restructurings, and individual and collective dismissals.
List of the most representative projects
Advised Kingspan Group, the global leader in high-performance insulation and building envelope solutions, throughout negotiations to acquire TeraPlast Group's steel division with operations in Romania and Serbia.
Advised an international full-service banking group on the envisaged sale of its Romania operations with total assets of around €400 million.
Advised private equity fund Abris Capital Partners in the acquisition of a majority stake in Global Technical Group, the leading end-to-end solution provider for building management and security integrator in Romania.
Advised a leading private equity firm focused on CEE on its bid for the acquisition of a large Romanian healthcare services provider.
Advised German-based REWE/DerTour group with retail and tourism activities, in relation to the acquisition of the travel agency arm of Eurolines Romania.
Specialist lawyers: Nadia Badea, Loredana Ralea, Mihai Macelaru, Diana Crangasu, Ecaterina Burlacu, Radu Costin, Lavinia Dinoci, Andrei Caloian.
Banking
Advised a syndicate of international investment banks in relation to the €260 million high yield bonds issue of Frigoglass Finance B.V., guaranteed by two Romanian companies, among others. The Notes are listed on the Official List of the Luxembourg Stock Exchange and admitted for trading on the Euro MTF Market thereof.
Advised Citibank, ING Bank and Unicredit Bank in relation to the launch and listing on the Irish Stock Exchange of the €850 million bonds issue by leading telecommunications group Digi Communications - the first high yield bond issued by a Romanian entity.
Advised NEPI Rockcastle on its €500 million green bonds issue to be used to finance projects which improve the environmental performance of the group’s property portfolio.
Advised an international financial institution on a loan exceeding €100 million granted to an international specialist real estate company for financing the expansion of its operations in Romania.
Advised a leading Romanian food company in relation to its first syndicated lending from a club of four Romanian banks in relation to a RON146 million and €54 million term and revolving multicurrency facilities agreement.
Specialist lawyers: Daniel Badea, Madalina Rachieru-Postolache, Andreea Sisman, Radu Ropota, Cosmin Anghel, Raluca Coman, Georgiana Evi, Gabriel Toma.
Energy and Natural Resources
Advising a leading multinational utilities company on the envisaged sale of their Romanian assets, including operations in renewable energy production (wind and solar power plants).
Advising one of the most important European utilities company as bidder for the acquisition of a renewable energy business with assets worldwide, including in Romania.
Advising an international power company as bidder for the acquisition of the Romanian assets of a European utility group, including its operations in renewable energy production (wind and hydro power stations).
Advising a Romanian entrepreneur in relation to the envisaged sale of the majority of his stake in a Romanian fuel trading company.
Advising an important utilities company on the acquisition of two electricity distribution companies in Moldova.
Specialist lawyers: Daniel Badea, Nadia Badea, Madalina Rachieru-Postolache, Loredana Ralea, Mihai Macelaru, Andreea Sisman.
Competition
Advising a leading company active in the distribution of natural gas or mobile services sectors, on the investigations run by the Romanian Competition Council for abuse of dominant position.
Advising an international insurance company in an investigation opened by the Romanian Competition Council on the market of aviation industry.
Advising a Romanian construction company on a sector analysis related to a request for information from the Competition Council in Romania.
Advising a technology company on various requests for information received from the European Commission with respect to the investigations opened against two global companies.
Advising companies and financial investors (including Kingspan, Permira, Abris Capital Partners, First Bank, REWE) on merger filings in relation to acquisitions in various sector and assessment of antitrust requirements.
Specialist lawyers: Nadia Badea, Simona Neagu, Diana Crangasu.
Real Estate
Advised a real estate investor on the due diligence in relation to the acquisition of shares in a Romanian company that undertook to develop a large mixed-use urban real estate project in Bucharest.
Advising AEW in connection with the sale and financial related aspects of America House, a landmark A-class office building in Bucharest to Morgan Stanley in association with a group of Israeli investors highly active on the real estate market.
Advising AEW in connection with the sale and financial related aspects of Promenada Mall Targu Mures to Indotek Group, one of the largest Hungarian investment groups.
Advising an international holding on a transaction involving amongst others the indirect acquisition of an important stake in a Romanian company with almost 58,000 ha agricultural land under exploitation.
Advising the operator of a large retail chain on various real estate matters, including title due-diligence reports, review of the lease agreements for the retail premises and review of building permits.
Specialist lawyers: Nadia Badea, Loredana Ralea, Mihai Macelaru, Andreea Sisman, Radu Costin, Lavinia Dinoci, Andrei Caloian.
Litigation and Dispute Resolution
Advising a client in connection with an ICC arbitration regarding a contractual dispute related to a power infrastructure project in Romania.
Advising a client in several litigations lodged by several former employees who were dismissed following the implementation of a restructuring process.
Advising a bank in connection with an ICC arbitration regarding the SPA's indemnity clause for losses incurred due to abusive clauses.
Advising a developer in connection with a dispute regarding the contractor's gross negligence in performing the electric infrastructure for the shopping mall.
Advising a client in court challenge against the antitrust fine applied by Romanian antitrust regulator in the telecom.
Specialist lawyers: Simona Neagu, Radu Ropota, Sabina Crangasu, Stefan Dinu.
PPP Public Procurement
Advising a leading European company in connection with the amendment of a construction contract concerning the rehabilitation of a power plant.
Advising the public sector on the preparation and implementation of a public - private partnership (PPP) for the construction of an important regional hospital.
Advising a potential bidder in the public procurement process for a major PPP project in the road infrastructure sector.
Advising a leading European construction company in connection with public procurement challenges for the award of a major railway infrastructure contract.
Specialist lawyers: Andreea Sisman, Simona Neagu.
White Collar Crime
Advising a global investment bank in connection with charges of national security criminal offences against certain of its senior bankers.
Advising a client in a large cross-border investigation relating to allegations of money laundering and AML compliance deficiencies.
Advising a large international financial institution on the global audit of their internal documentation in the context of an investigation opened by the relevant regulatory institutions in the UK.
Advising a client in relation to the procedures under the Hague Convention concerning the enforcement of a criminal sanction following the transfer of enforcement procedures from Romania to another state.
Advising/representing a leading global investment bank in relation to a major fraud against the client, also involving other 30 major global financial institutions.
Specialist lawyers: Daniel Badea, Simona Neagu, Bianca Alecu.