CEE/CIS - Romania
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Clifford Chance Badea

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Bolstered by the international scope of the firm, Clifford Chance Badea fields a capital markets department that advises on cross-border matters with Romanian law components, and is well versed in handling significant debt and equity transactions. The department is also well known for assisting clients with market abuse and compliance issues. The lead contacts are Madalina Rachieru-Postolache, whose ‘impressive experience’ spans all types of finance transactions, debt and equity products; and Daniel Badea, founding partner of the Bucharest office and veteran of many of the country’s most significant capital markets transactions. Gabriel Toma is a key figure at a more junior level, specialising across banking and finance. After two years in-house, Radu Ropota rejoined the firm in 2024.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘Clifford Chance Badea has an unique understanding of both business and regulatory aspects encountered in capital market transactions. They are always solution-oriented, come up with original ideas and always by the client.’

  • ‘We have worked closely with Madalina-Rachieru Postolache: she is one of the best capital market lawyers I have worked with, with impressive experience. The work delivered by Madalina is excellent, on the point and on time.’

  • ‘Experienced team of professionals, agile, always open to offer help and be of service, with good market knowledge and best practices.’

  • ‘Professionals, inquisitive minds, great personalities.’

Key clients

  • JP Morgan SE
  • Citigroup Global Markets Europe AG
  • ING Bank N.V.
  • Fondul Proprietatea
  • Erste
  • HSBC
  • Société Générale
  • Raiffeisen Bank International
  • UniCredit Bank
  • NE Property B.V.
  • Goldman Sachs International
  • OMV Petrom
  • Jefferies GMBH
  • Morgan Stanley Europe SE
  • Banca Comercială Română SA
  • Barclays Bank Ireland PLC
  • BofA Securities Europe SA
  • UBS Europe SE
  • Wood & Company Financial Services
  • BRD

Work highlights

  • Advised Premier Energy on preparing its 144A IPO and listing on the Bucharest Stock Exchange.
  • Advised the arrangers (Citi, Erste, HSBC, JP Morgan and Société Générale) on the first issue of green bonds on foreign markets launched by Romania acting through the Ministry of Finance, worth EUR 2bn.
  • Advised JP Morgan SE, Citigroup Global Markets Europe AG, ING Bank N.V (which also acted as sole sustainability advisor), and BT Capital Partners on the establishment of a second Medium-Term Notes programme of up to EUR 1.5bn by Banca Transilvania.

Lawyers

Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Madalina Rachieru-Postolache
Clifford Chance Badea

Practice head

The lawyer(s) leading their teams.

Daniel Badea, Madalina Rachieru-Postolache

Other key lawyers

Gabriel Toma, Cosmin Anghel