Legal Ground was established in April 2024 and its banking and finance offering is led by former Tuca Zbârcea & Asociatii lawyer Mihai Dudoiu .
Banking and finance in Romania
Legal Ground
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Stratulat Albulescu Attorneys at Law
Stratulat Albulescu Attorneys at Law strengthened its offering for banking and finance in February 2025 with the addition of Andreea Șerban, formerly of Reff & Associates SCA, who joins a practice led by seasoned partner Cristian Vlaicu.
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Clifford Chance Badea
Recognisable names in the finance sphere, from leading global investment banks and financial institutions, to regional blue-chip companies, look to the banking and finance practice at Clifford Chance Badea. Covering the gamut of matters in the field, the practice has had notable recent activity in project financing, corporate lending, leveraged finance, environmental infrastructure investment schemes, securitisations, and complex debt restructuring. The department is jointly coordinated by a quartet of lawyers: Madalina Rachieru-Postolache, a versatile finance lawyer of 20 years’ experience; finance and debt capital markets expert Cosmin Anghel; project finance lead Andreea Sisman; and figurehead managing partner Daniel Badea. Anghel and Sisman were both raised to the partnership in March 2025, and Oana Ionascu stands out among the pool of more junior lawyers.
Praxisleiter:
Daniel Badea; Madalina Rachieru–Postolache; Cosmin Anghel; Andreea Sisman
Weitere Kernanwälte:
Oana Ionascu; Alexandru Achim
Referenzen
‘Clifford Chance’s team is very appreciated in the market.’
‘Madalina Rachieru–Postolache is an excellent lawyer and extremely pleasant to work with. Her expertise speaks for itself. She is the perfect legal advisor to have by your side (and even on the opposing side) in a project financing.‘
‚Alexandru Achim is knowledgeable and experienced.’
Kernmandanten
EBRD
Banca Comerciala Romana
UniCredit
Citigroup
Banco Santander
Nofar Energy
R.Power
ING Bank
Erste
P Capital
EBRD
Banca Comerciala Romana
UniCredit
Citigroup
Banco Santander
Nofar Energy
R.Power
ING Bank
Erste
P Capital
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- Advised a banking syndicate, including UniCredit Bank, Banca Comerciala Romana (BCR) and Erste Group Bank, on the signing of a €214.45m financing agreement with Austrian group Enery Power Holding for its Romanian portfolio of renewable energy projects and batteries.
- Advised the lenders on syndicated financing for CCC S.A., including factoring up to a total value of PLN 1.8bn and subsequent increase up to a total value of PLN 3.66bn.
- Advised Nofar Energy, through its Romanian entities Solis Imperium and RTG Solar Energy, on the signing of a €110m term loan facility agreement and VAT facility agreement with the European Bank for Reconstruction and Development and Raiffeisen International, acting as lenders.
CMS
Replete with expertise in transactions, regulatory matters and fintech finance, the practice at CMS is a first choice for major international banks and a large number of multinationals with operations in Romania. Acquisition finance is a standout strength of the department, and its sectorial approach to financing matters is a differentiator. Ana Radnev, who is dual English and Romanian qualified, is a veteran of high-profile transactions and is a noted figure in the CEE region. Radnev co-leads the practice group with Cristina Reichmann, who is a go-to name for fintech and digitalisation work in banking and financial services, in addition to receivables financing, NPL transactions, asset-backed finance, film financing and municipalities financing. Alina Tihan was promoted to the partnership in April 2025 and excels in the real estate sector. Adina Nanescu is regularly involved in cross-border financial transactions, and Tudor Naftica is involved across leveraged, corporate finance, real estate finance and restructuring transactions.
Praxisleiter:
Ana Radnev; Cristina Reichmann
Weitere Kernanwälte:
Alina Tihan; Adina Nanescu; Tudor Naftica; Andreea Turcu; Diana Dona
Referenzen
‘What sets CMS apart from competitors is the depth of resources across practice areas and the ability to seamlessly integrate advice across different disciplines. Its commitment to client service is reflected in flexible staffing models that ensure the right expertise is always deployed.’
‘The lawyers at CMS distinguish themselves through their intellectual curiosity, precision, and tenacity in achieving results. They consistently go the extra mile, providing thoughtful perspectives that anticipate both risks and opportunities.’
‘The team combines outstanding technical expertise with real commercial insight, making them stand out in cross-border banking and finance transactions. They are consistently responsive, pragmatic, and excellent at anticipating issues before they arise. Compared to other firms, their collaborative approach, seamless handling of multi-jurisdictional deals, and commitment to innovation and diversity make them feel like a true extension of our in-house team.’
Kernmandanten
Rezolv Energy and Low Carbon
L&C Properties Romania S.A.
Erste Bank and BCR
Raiffeisen Bank International AG and Raiffeisen Bank S.A.
BRD
UniCredit Bank S.A.
Garanti BBVA Romania
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Dentons
There is a distinctly international flavour to the client list of Dentons' banking and finance team, whose comprehensive offering includes strength in the burgeoning green and sustainable finance space. Other forms of real estate financing, project finance, and advice to foreign banks establishing Romanian operations, are additional areas of expertise. The department is led by Simona Marin, who has been advising banks and financial institutions in cross-border credit transactions in Central and South Eastern Europe for 20 years. English qualified lawyer Simon Dayes is an additional senior contact, while Maria Tomescu is a key name for acquisition finance, who has acted in a number of recent renewable energy financings. Stefi Ionescu was promoted to counsel in April 2025 and receives client recognition as ‘a powerhouse in the financing space'.
Praxisleiter:
Simona Marin
Weitere Kernanwälte:
Simon Dayes; Maria Tomescu; Stefi Ionescu; Catalina Raca
Referenzen
‘Dentons distinguishes itself through its deep sector expertise and pragmatic approach to problem-solving. Clients benefit from the team’s ability to combine first-class technical legal knowledge with a clear understanding of commercial realities. Dentons also stands out for its responsiveness and its ability to provide consistent quality across multiple jurisdictions.’
‘Dentons‘ lawyers differentiate themselves by being not only highly skilled professionals but also true business partners, always anticipating potential issues and proactively identifying solutions. In particular, Simona Marin is notable for strategic thinking and the ability to simplify complex matters for decision-makers.‘
‚Catalina Raca has impressed with thorough preparation, responsiveness, and a solution-driven approach even under pressure.‘
Kernmandanten
Alpha Bank Romania S.A. (Greece)
Banca Transilvania S.A.
Cordiant Capital Inc.
Erste Group
Kommunalkredit Austria AG
Nepi Rockcastle PLC
Piraeus Bank S.A. (Greece)
PPC Group (through its Romanian subsidiaries)
Raiffeisen Bank International AG
Societatea Energetică Electrica S.A.
UniCredit Bank S.A.
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- Advised Alpha Bank S.A. Greece and its local subsidiary in Luxembourg and Alpha Bank Romania S.A. on four real estate, retail, development and acquisition finance transactions in Romania, with an aggregate value of almost €175m, made available to several companies which are part of M Core.
- Advised NEPI Rockcastle N.V. and its subsidiary NE Property B.V. on the renewal of two major revolving sustainability-linked credit facilities totalling €290m.
- Advised Societatea Energetică Electrica S.A. and its subsidiaries Electrica Furnizare S.A. and Distribuție Energie Electrică România S.A. on a RON 3.1bn syndicated loan agreement intended to refinance part of their existing bank exposure and support capital investments in the renewable energy production segment.
Filip & Company
Fielding expertise in banking and finance law across a range of seniorities, the team at Filip & Company has a strong track record in notable finance transactions and high-stakes work which has made a lasting impression on the market. While it holds a strong position in the domestic market, the practice is also well versed in cross-border matters, including acting as lead counsel. Alexandra Manciulea heads the group, acting on a range of multijurisdictional financing transactions, restructurings and banking regulatory matters, as well as financial sector acquisitions. Alina Stancu Birsan is the corporate and M&A practice head and brings strong experience to the banking and finance space, and Rebecca Marina is particularly strong in real estate financing. Camelia Iantuc is a more junior name building a notable offering, acting for both Romanian and international clients.
Praxisleiter:
Alexandra Manciulea
Weitere Kernanwälte:
Alina Stancu Bîrsan; Rebecca Marina; Camelia Ianțuc
Referenzen
‘Filip & Company’s team are one of the most technically rigorous, commercially intuitive, and execution-driven legal teams on the market. The banking and finance practice combines a deep understanding of financing instruments with a clear grasp of clients’ strategic and operational realities, translating market dynamics and legal concerns into efficient and pragmatic solutions.‘
‘Alexandra Manciulea combines crisp negotiation skills with exceptional project management and stakeholder coordination, ensuring that parallel workstreams progress seamlessly under tight deadlines. She plays a key role in driving the process and project forward, demonstrating both initiative and a clear understanding of how to make progress happen.‘
‚Overall, my experience with this law firm was nothing short of exceptional. Their innovative approach, collaborative spirit, and unwavering dedication to excellence have truly set them apart in the legal industry, and I would highly recommend their services to anyone in need of outstanding legal representation.’
Kernmandanten
Digi Romania S.A. (former RCS&RDS S.A.)/ DIGI Communications N.V.
Banca Transilvania S.A.
Engie Romania S.A.
Victoriabank S.A.
UniCredit Bank S.A.
Raiffeisen Bank S.A.
Banca Comerciala Romana S.A.
ING Bank NV Amsterdam, Bucharest Branch
Exim Banca Romaneasca S.A.
Alpha Bank Romania S.A.
Oresa Limited
Skandinaviska Enskilda Banken AB
Dante International S.A.
Credit Europe Bank (Romania) S.A.
Credit Europe N.V.
HeyBlu IFN S.A.
PayPoint Service S.R.L.
Deutsche Bank AG
The BlueBay Event Driven Credit (Master) Fund Limited
Blantyre Mulanje III DAC
BSSF III DAC.
JSC „SEB Corporate Bank“
Instant Factoring IFN S.A.
Romanian Business Consult
UniCredit SpA
BT Pensii
OLX Group BV
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- Advised Digi Romania S.A. in connection with the contracting of several new financings, including an €150m financing with an €200m incremental facility, and two export credit facilities (backed by EKN and Finnvera) in an aggregate amount of over €100m.
- Advised a syndicate of banks on financing Moov Mobility Services S.R.L. through a sustainability-linked term loan and revolving secured senior facilities agreement of up to €110m.
- Advised ENGIE Romania on the contracting of a €90m loan from the European Bank for Reconstruction and Development (EBRD) to finance new green energy projects with a total estimated capacity of at least 250MW which are to be developed by 2028.
Nestor Nestor Diculescu Kingston Petersen
The vastly experienced team at Nestor Nestor Diculescu Kingston Petersen is accomplished across the spectrum of banking and finance matters, from assisting with complex financing transactions, advising on M&A projects in the banking and finance sector, and trading performing and non-performing loan (NPL) portfolios, to handling a range of regulatory issues and the launch of financial products. At the helm of the practice is Alina Radu, who has been involved in some of the most significant banking sales and acquisitions in Romania. Valentin Voinescu has experience on both the borrower and lender sides of major matters. At the senior associate level, Alexandru Ciambur and Catalina Dan are both regularly involved in an eclectic mix of work.
Praxisleiter:
Alina Radu
Weitere Kernanwälte:
Valentin Voinescu; Alexandru Ciambur; Catalina Dan
Referenzen
‘NNDKP stands out as a highly responsive and client-focused law firm, known for delivering clear, practical, and expert legal advice. Their team consistently provides timely and well-structured responses that are not only legally sound but also easy to understand, even when dealing with complex matters.’
‘The individuals I work with at NNDKP truly stand out for their deep legal expertise, client-oriented mindset, and exceptional responsiveness. Alina Radu and Valentin Voinescu bring outstanding value in their respective areas of specialisation.’
‘Well established team led by one of the best known names in the field. They ensured seamless cooperation with all parties involved.’
Kernmandanten
Raiffeisen Bank SA
Medlife
Banca Comerciala Romana
Petstar Group
Exim Banca Romaneasca
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- AssistedMedLife with increasing its syndicated loan by up to €50m, thus reaching a total of €330m.
- Advised on a €50m financing for Romania’s largest PET recycler, a successful Romanian entrepreneurial business.
- Provided end-to-end legal assistance on a syndicated financing transaction guaranteed by the Romanian state for a main player in the agribusiness industry, advising on structuring, drafting all finance documents, negotiating with multiple banks including Exim Banca Românească, and ensuring full compliance with Romanian law, security enforceability, and regulatory formalities.
RTPR | Radu Taracila Padurari Retevoescu SCA
RTPR | Radu Taracila Padurari Retevoescu SCA fields a banking and finance practice which assists across the gamut of pertinent matters, with attractive knowledge of asset and structured finance, general lending, leveraged and acquisition finance, project finance, real estate finance, financial restructuring, and securitisations. Leadership of the practice group is shared between Victor Pădurari, who regularly acts for international financial institutions on major project financing transactions in the Romanian energy sector, and Alexandru Retevoescu, a key contact for banking clients. Cosmin Tilea has strength in real estate financing, particularly cross-border matters. Andreea Burtoiu, Poliana Gogu-Naum and Andreea Nedeloiu round out the team at the more junior end.
Praxisleiter:
Victor Padurari; Alexandru Retevoescu
Weitere Kernanwälte:
Cosmin Tilea; Andreea Burtoiu; Poliana Gogu-Naum; Andreea Nedeloiu
Referenzen
‘Very professional team, involved, available at all times to discuss. Optimal-solution oriented, both for their clients but also in the general deal context. The team ensures proper documentation and communication process, and high-standard services delivered at a very correct price.‘
‘Cosmin Tilea is very involved, engaged in the deal, open to find and accommodate the best solutions, pragmatic and explains in detail in order to clarify the discussed aspects to all parties. Andreea Nedeloiu is very committed and available to support the clients with details and solutions; open and communicative, high professional skills.‘
‘RTPR has a great legal team that helps with all aspects of any transaction. They really know their stuff and provide an all round service that is so helpful for in-house lawyers.’
Kernmandanten
Distributie Energie Oltenia (Evryo Group)
Banca Transilvania
Banca Comerciala Romana
Raiffeisen Bank
BRD – Groupe Société Générale
CEC Bank
ING Bank
Intesa Sanpaolo Bank Romania
Grup Serban Holding
Transcarpathians Trading (Vectr Farms group)
Highlight-Mandate
- Advised Distribuție Energie Oltenia, the electricity distribution company part of Evryo Group, on a large-scale syndicated loan that refinances existing debt and adds a further RON 1.76bn.
- Advised the syndicate of banks formed by Banca Transilvania and Banca Comerciala Romana (as mandated lead Arrangers) and Raiffeisen Bank, BRD – Groupe Société Générale, CEC Bank, ING Bank and Intesa Sanpaolo Bank Romania (as lenders) on a RON 3.1bn syndicated loan granted to Electrica for investments and refinancing.
- Advised Grup Serban Holding and its subsidiaries in relation to a €73m syndicated facility for the refinancing of the existing debt and the development of its activity.
Bondoc si Asociatii SCA
A broad practice at Bondoc si Asociatii SCA covers both lender and borrower side financial transactions, domestically and with cross-border dimensions, along with the full suite of regulatory issues. The firm also utilises its M&A team to assist with deals for credit institutions and banks. At the head of the department, Simona Petrișor is a transactions expert with a practice that spans corporate, real estate and project finance; her expertise extends to regulatory issues, and her client base includes multinational companies, international banks, and some of the major financial institutions operating in Romania. Diana Ispas‘s practice has a similar profile to Petrișor's, while support to the partners comes from senior associates Florin Sandu and Silviu Vasiliu.
Praxisleiter:
Simona Petrișor
Weitere Kernanwälte:
Diana Ispas; Florin Sandu; Silviu Vasiliu
Referenzen
‘The B&A banking team is well known for its expertise in complex financing transactions (including landmark project finance transactions) and its ability to blend strong regulatory know-how that is required in some financing transactions (such as renewable energy project finance or financing projects in other highly regulated sectors including mining, aviation, chemical sectors, reserve based lending or acquisition finance etc) as well as pure regulatory work very valuable in highly dynamic sectors such as fintech.‘
‚They are quick to find solutions for practical matters, being proactive and easily reachable.’
‘Simona Petrișor is very reliable and easy to work with. She has a broad understanding and good insight of the financial services sector and is very hands-on.‘
Kernmandanten
Air Lease Corporation
ACS Aero 4 Delta Limited
Banca Comerciala Romana
Banca Comerciala Intesa SanPaolo Romania S.A.
BRD Groupe Societe Generale
CaixaBank
Cargus (owned by Mid Europa Partners)
Commerzbank Group
CVC
Dante International (owner of EMAG, largest online retailer in Romania and CEE)
Deutsche Bank
EBRD
Eurobank
Eurosun Mining
Erste Group Bank
Garanti Bank Romania S.A.
GORM Engine Management Limited
In Confidence
International Finance Corporation
Joint Stock Company Commercial Bank PrivatBank
Johnson & Johnson
JS Hamilton Poland
Mehiläinen OY
OTP Bank
Piraeus Bank
Samax Romania
Societe Generale
Stabilus SE
TBI Bank
Token Payment Services S.R.L.
UniCredit S.p.A.
UniCredit Bank S.A.
Highlight-Mandate
- Assisted RetuRO Sistem Garanție Returnare, the sole administrator of the local DRS scheme, with obtaining a RON 426m green financing and additional support related to the further amendments to the initial loan agreements and to the L/G issuance in view of financing the implementation of the Romanian deposit return system regulated by the Romanian legal framework in connection with certain types of beverage packaging.
- Assisted a syndicate of banks, consisting of 11 international and local commercial banks and international financial institutions, in connection with the first phase and the second phase of the project finance of up to €620m of a 450 MW onshore wind farm in Romania.
- Advised UniCredit S.p.A. on a two-step deal with Alpha Bank Group aimed at merging Alpha Romania into UniCredit Romania, with the aim of consolidating UniCredit’s footprint in Romania and expanding its products and platforms in Greece.
Kinstellar
Regional powerhouse Kinstellar is a particularly strong choice for financial regulatory work, where it is instructed by a number of international banks. The team has made recent strides building its profile in domestic financial transactions, acting in notable matters in the energy, banking and real estate sectors. Practice head Magdalena Răducanu was appointed partner in April 2025, and draws on 25 years of experience covering the full spectrum of finance transactions. Răducanu's team includes the ‘highly skilled and reliable’ Răzvan Constantinescu, and Alexandra Sofineti, who excels in cross-border financing and refinancing.
Praxisleiter:
Magdalena Răducanu
Weitere Kernanwälte:
Răzvan Constantinescu; Alexandra Sofineti; Cosmin Vasilescu; Ioana Moldoveanu
Referenzen
‘The practice can cover a wide range of topics with good communication and timely delivery.’
‘Good communication skills, the willingness to understand the client’s needs and translate them into legal terms and documents. Stand-out lawyers: Magdalena Răducanu and Răzvan Constantinescu.’
‘Very business orientated.’
Kernmandanten
Banca Transilvania
BIG Mega Renewable Energy
Julius Meinl
PKO Bank Polski’s Romania branch
Black Sea Trade and Development Bank
European Bank for Reconstruction and Development
CCC S.A.
ING Bank NV
Motor Oil Renewable Energy Single Member S.A.
Ares Capital
Inter Cars S.A.
United Petfood Group
KBC Bank NV
Dacodasoft SRL
Polon-Alfa
Indotek Group
UniCredit Bank
Soldiers Field Estate
Highlight-Mandate
- Advised a syndicate led by BRD – Groupe Société Générale and Banca Transilvania, with Raiffeisen Bank acting as sustainability agent, on a €73m syndicated facility for Grup Serban Holding.
- Advised BIG Mega Renewable Energy on a €92mn financing provided by EBRD and OTP Bank for the construction and operation of the 102 MW Urleasca wind farm in Brăila County, Romania.
- Advised EBRD, in partnership with Banca Transilvania, on the structuring and rollout of a €20m supply chain financing programme for Profi Rom Food.
Musat & Asociatii
Veteran firm Musat & Asociatii has a diverse client base of lenders and underwriters, including major domestic and international banks, investment firms and finance providers, as well as borrowers from a spread of economic sectors. It covers the gamut of financing models, as well as regulatory matters and contentious work. Leadership of the department is split between Monia Dobrescu, whose practice has an emphasis on project financing as well as relevant regulatory matters, and Răzvan Stoicescu, who services a significant portfolio of international banks and financial institutions. Cristian Cepesi and Robert Urmosi are the additional contacts to note.
Praxisleiter:
Monia Dobrescu; Răzvan Stoicescu
Weitere Kernanwälte:
Cristian Cepesi; Robert Urmosi
Referenzen
‘Great team, approachable and good quality support.’
‘The banking and finance team really stands out for us because they combine deep technical expertise with a very practical, commercial approach. They understand the pressures the client is facing on complex transactions and are always focused on getting the deal done efficiently without losing sight of the details. What we value most is their ability to anticipate issues before they arise, their responsiveness, and the fact that they genuinely feel like an extension of the client’s own team.‘
‘Monia Dobrescu really stands out as a partner because she combines exceptional technical expertise with a very pragmatic, client-focused approach. What makes her different from competitors is the way she is always accessible, proactive, and able to cut through complexity to provide clear, commercially sound advice. She has a calm authority in negotiations that inspires confidence and helps move deals forward smoothly, even under pressure.’
Kernmandanten
SNGN Romgaz SA
Hili Properties / Baneasa Real Estate SRL
JP Morgan, RBC, Citibank, Northern Trust, State Street, The Bank of New York Mellon, Brown Brothers Harriman & Co, BNP Paribas
Highlight-Mandate
- Assisted Romgaz with the implementation of an EMTN program with a total value of €1.5bn and the issuance of the first tranche of bonds worth €500m.
- Advising Hili Properties on entering into a multi-million euro facility agreement for the acquisition of the minority shareholding in Baneasa Real Estate SRL.
- Advising JP Morgan, RBC, Citibank, Northern Trust, State Street, The Bank of New York Mellon, Brown Brothers Harriman & Co and BNP Paribas on their 2024 provision of securities custody services in Romania and related risks in insolvency of local custodians.
Popescu & Asociatii
The ongoing digital transformation of the banking sector in Romania is a focus for the banking and finance group at Popescu & Asociatii, whose clients include a number of key players establishing Romanian operations in this space. Contentious work born of financing matters is also a standout strength of the practice group. A trio of lawyers coordinate the team: Octavian Popescu, managing partner of the firm, who is well versed in acting for Romanian and international banks, financial institutions, investment funds and large corporate borrowers, covering recovery procedures, compliance matters and regulatory disputes; Anca Simeria, who is known as a reliable counsel across transactional matters; and capital markets expert Loredana Popescu.
Praxisleiter:
Octavian Popescu; Anca Simeria; Loredana Popescu
Weitere Kernanwälte:
Dana Bivol
Referenzen
‘Popescu & Asociații’s banking and finance team stands out for its strong regulatory expertise, strategic thinking, and litigation capabilities. The team combines deep legal knowledge with a practical understanding of financial markets, offering tailored solutions across lending, compliance, and financial restructuring.‘
‚We appreciate their responsiveness, clarity, and ability to navigate complex regulatory frameworks. Compared to other firms, they offer a rare blend of advisory and dispute resolution strength. Innovations include a proactive approach to compliance, integration of legal tech tools, and a collaborative, inclusive team culture that enhances service delivery.’
‘The professionals within Popescu & Asociații’s banking and finance practice distinguish themselves through a high level of legal acumen, strategic thinking, and a consistently client-focused approach. Their ability to distill complex regulatory and financial matters into clear, actionable guidance is particularly valuable in high-pressure environments.‘
Kernmandanten
BANCA TRANSILVANIA
SALT (IDEA) BANK
DVI PRODUCTION
INDUSTRIAL PARKS MARAMURES
ROMANIAN GUARANTEE FUND FOR PRIVATE ENTREPRENEURS
FIRST BANK
BT PENSII
REVOLUT LTD
ING BANK NV AMSTERDAM – BUCHAREST BRANCH
GENERALI SAFPP
METLEN Energy & Metals (formerly MYTILINEOS HOLDING)
SOMETRA SA
ELECTRICA FURNIZARE
BCR LEASING (PART OF BCR GROUP)
KUKULLO MEZO CAMP
Highlight-Mandate
- Advising Salt Bank, launched in April 2024 as the first 100% digital fully cloud-based bank in Romania, on the procedure of incorporating the bank in front of the Romanian authorities and of assimilating the legal and technical solutions for the introduction of the concept of a full digital banking services in Romania.
- Assisting Banca Transilvania in relation to financing agreements negotiated and concluded with the World Bank and/or other international credit institutions to ensure compliance with regulatory technical standards and standards on minimum requirements for own funds and eligible liabilities, regulated at the level of the European Banking Authority.
- Advising Parcuri Industriale Maramures SA on 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
Reff & Associates SCA has strengths in banking and financial regulatory issues, especially EU banking and financial regulation, and is a strong choice for clients operating in Romania’s growing fintech sector. The firm's client reach benefits from the network of associated firm Deloitte. Practice head Andrei Burz-Pinzaru is well versed in providing advice to banks, non-banking financial institutions, payment institutions and publicly traded companies. On the transactional side, Patricia Enache is a key figure to note, while at senior associate level, Dănuț Arion is dedicated to banking and finance matters.
Praxisleiter:
Andrei Burz-Pînzaru
Weitere Kernanwälte:
Patricia Enache; Dănuț Arion
Referenzen
‘The team at Reff & Associates is one of the strongest lawyer teams both in terms of knowledge and expertise. They are offering integrated legal, tax, and business consulting solutions.’
‘They stand out not only for their legal expertise but also for their strategic thinking, multidisciplinary collaboration, and client-centric approach.’
‘The team combines top-tier local legal capability with Deloitte’s multidisciplinary platform (tax, financial advisory, ESG). This gives them a one-stop approach for complex, multi-stakeholder projects where legal must dovetail with finance, treasury, accounting, and operational constraints.‘
Kernmandanten
Credex Bank S.A.
Garanti Bank S.A.
TBI Bank EAD and TBI Bank EAD Sofia – Sucursala Bucuresti
Credex IFN S.A.
Netopia Financial Services S.A.
CREDITEXPRESS FINANCIAL SERVICES S.R.L
CEC Bank S.A.
UniCredit Bank S.A.
Banca Comercială Română S.A.
Banca Comerciala Intesa Sanpaolo Romania S.A.
Powszechna Kasa Oszczędności Bank Polski S.A. (PKO Bank Polski)
Addiko Bank d.d.
Verida Credit IFN S.A.
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.
Santierul Naval Damen Galati S.A.
MultiversX Labs S.R.L
Minor Hotels Europe & Americas, S.A.
Highlight-Mandate
- Assisted Santierul Naval Damen Galati S.A. with an approximately €25m financing transaction with EximBank Romania S.A. for the development of a major investment in the Galati shipyard.
- Advised PK Development Holding on a €100m bond issuance by private placement.
- Advising Intesa Sanpaolo Romania on its merger with First Bank Romania.
Schoenherr si Asociatii SCA
Schoenherr si Asociatii SCA's domestic and international offering is a reliable destination for clients requiring assistance with lending, FIG consolidation, special situations, restructuring, and regulatory matters within financial services. Both the fintech and the energy sector have kept the team busy in recent times, and practice head Matei Florea's recent focus has been on investments in distressed bank assets, contingency planning, and debt restructuring. Adina Damaschin's broad practice covers the range of transactional matters, as well as regulatory issues. Alexandra Pop stands out as one of a deep pool of junior lawyers.
Praxisleiter:
Matei Florea
Weitere Kernanwälte:
Adina Damaschin; Alexandra Pop; Silviu Lazăr; Loredana Barbu; Francesca Buta
Referenzen
‘The banking & finance team at Schönherr si Asociatii combines deep technical expertise with a highly commercial approach. They are exceptionally responsive, practical, and skilled at handling complex cross-border financing and regulatory matters. Adina Damaschin, in particular, stands out for her market knowledge, clarity of advice, and ability to deliver solutions that are both precise and pragmatic.‘
‘Adina Damaschin stands out for her deep expertise, commercial mindset, and clear, pragmatic advice. She is highly responsive, anticipates issues before they arise, and consistently delivers solutions that are both practical and effective.’
‘Expertise and flexibility, adapting seamlessly to evolving challenges without losing momentum, professionalism and client-focused approach.’
Kernmandanten
Accession Capital Partners
Banca Comerciala Romana
Enery
Eurobank
Kommunalkredit Austria
Highlight-Mandate
- Advised Enery on a €214.45m portfolio financing deal, which will support the development and consolidation of its renewable energy projects in Romania.
- Advised Kommunalkredit on granting €29.3m financing to INVL Renewable Energy Fund I to finance the construction of 71 MW solar power plants in Romania.
- Advised Accession Capital Partners on a mezzanine loan granted for the purpose of partially financing the acquisition, together with INVENIO Partners, of 5 to go.
Wolf Theiss
Wolf Theiss has an established presence in the Romanian banking and finance market and is frequently seen as counsel on some of the country’s higher-value financing, refinancing, and real estate finance transactions. Its client base includes large banks and consortia thereof, as well as major financial institutions. Claudia Chiper is the key senior contact and has extensive experience coordinating financial transactions, advising international and domestic credit institutions, financial companies, and corporations. Her young team includes Iuliana Stoicescu, a dedicated finance lawyer with extensive in-house experience, and Alexandru Asaftei, who has strength in NPL sales and real estate transactions.
Praxisleiter:
Claudia Chiper
Weitere Kernanwälte:
Iuliana Stoicescu; Alexandru Asaftei; Smaranda Vacaru; Ana Florea
Kernmandanten
ACP Credit GP
AFI Group
Banca Comerciala Romana (BCR)
BRD – Groupe Société Générale
CVI Dom Maklerski
Erste Group Bank
European Bank for Reconstruction and Development (EBRD)
European Fund for Southeast Europe (EFSE)
DRI Energy (formerly DTEK)
International Finance Corporation (IFC)
KRUK
PayCargo LLC
Pehart
Raiffeisen Bank Romania
Societatea Nationala Nuclearelectrica
UAB ,,MUNDUS“
UniCredit Bank
Highlight-Mandate
- Acting for Erste Group Bank AG and Banca Comercială Română (BCR) on the refinancing of three major transactions involving a portfolio of 24 retail parks across Romania, with a combined gross leasable area of 132,000 m².
- Advised Banca Comercială Română on the structuring and granting of a €29.5m credit facility to UNIRII VIEW S.R.L.
- Advised International Finance Corporation on a €50m MREL-eligible loan to AIK Banka a.d.
Bohalteanu si Asociatii
Bohalteanu si Asociatii's versatile practice has recently progressed its offering in consumer credit, hybrid financing structures, and fintech-driven projects. The team makes for reliable counsel in the digital finance finance, and in relation to the establishment of financial institutions, as well as for traditional financial transactions. Daniela Milculescu leads the department and has a strong track record in notable financial transactions in Romania. Andreea Roman, Andreea Soare and Theodora Dumitru are the additional contacts to note.
Praxisleiter:
Daniela Milculescu
Weitere Kernanwälte:
Andreea Roman; Andreea Soare; Theodora Dumitru
Referenzen
‘The team is result oriented, responsive and dedicated. What we like very much about them is that they are well acquainted to the practical matters and they have at the same time excellent legal knowledge, helping us to find solutions where it was needed.’
‘Daniela Milculescu is the legal partner we want to have in our deals. She is really professional, hands-on, scaling the risks properly which is very important to us to be able to take our business decisions. We appreciate also her dedication to our needs, and her legal knowledge.’
‘Bohalteanu si Asociatii stands out for their clear, practical approach to complex banking and finance matters. They simplify regulatory and transactional challenges while providing detailed, actionable advice. The team is experienced across a wide range of financial issues and offers a highly personalised service built on trust.‘
Highlight-Mandate
DLA Piper Dinu SCA
As well as being adept at assisting financial institutions, institutional investors and corporate groups with bilateral and syndicate financings, as well as out-of-court restructuring arrangements, DLA Piper Dinu SCA also supports clients with financial regulatory issues. The practice is led by Ioan Chiper, who draws on career experience in-house at Banca Comercială Română – Erste Group. Andreea Badea is the regulatory expert to note, while Georgiana Stan is strong in energy sector financing.
Praxisleiter:
Ioan Chiper
Weitere Kernanwälte:
Andreea Badea; Georgiana Stan
Kernmandanten
VARTA AG
Axel Johnson Inc.
Grupo Antolin-Irausa, S.A.U.
Bekaert B.V.
2Performant S.A.
Autoliv
Vita Treasury Ltd
Highlight-Mandate
- Advised Varta AG on an approximately €300m funding of its court homologated debt restructuring.
- Assisted Axel Johnson, Inc. with the restructuring of the existing financing arrangements of the La Fantana group to adapt it to the new shareholding structure resulting from the client’s acquisition of La Fantana.
- Assisted Vita Group on a 3-year €81.5m trade receivable securitisation program with Santander Corp and Investment Banking and Finacity Co.
KPMG Legal - Toncescu & Partners SPRL
KPMG Legal - Toncescu & Partners SPRL has a financial regulatory focus, acting for a range of financial services entities on deals in the Romanian market. Its services include cross-border syndicated financings, investments for credit institutions and investment firms, and fintech authorisations. The practice group is jointly coordinated by managing partner Laura Toncescu; financial services specialist Sebastian Olteanu; and Cristina Rosu, who has had recent frequent involvement in NPL transactions.
Praxisleiter:
Laura Toncescu; Sebastian Olteanu; Cristina Rosu
Weitere Kernanwälte:
Gunay Duagi; Raul Dimitriu
Referenzen
‚The firm has an unparalleled understanding of the legal requirements for compliance to national and EU law for payment institutions.‘
‚KPMG understands in-depth what compliance requires; how to communicate, institutionally, our capabilities and processes in an efficient way; and how the process works and what is important at each stage.‘
‚Excellent prepared team. Great collaboration.‘
Kernmandanten
Porsche Finance GroupEOS Finance IFN S.A.
Dante International SA
Token Payment Services SRL
Garanti Bank SA
Highlight-Mandate
- Advised Porsche Bank Romania on its intended reorganisation in Romania, including in the entire sale process of the bank.
- Assisted EOS Finance IFN S.A. with the acquisition of the entire consumer loan portfolio from BRD Finance IFN S.A.
- Assisted Token Payment Services SRL with obtaining its license as payment institution from the National Bank of Romania and further assisted with preparation for the start of activity.
Peli Partners
For financing matters in Romania’s ever-busy real estate sector, clients can rely on the ‘skilled and proactive professionals’ at Peli Partners, who act on a range of deals and developments. Clients include a wide span of notable developers and investors in Romania. The team is led by Carmen Peli, a renowned figure in the legal market with experience across transactional matters. Delia Lepadatu is the other key contact to note.
Praxisleiter:
Carmen Peli
Weitere Kernanwälte:
Delia Lepadatu
Referenzen
‘Very skilled and proactive professionals, great to have them on your side.’
‘Delia Lepadatu is highly skilled and always easy to reach and ready to help.’
‘For us it is really a long term relationship, where their team is very knowledgeable about our business and preferences – this makes collaboration very smooth.’
Kernmandanten
Niro Investment Group
S7 Pitesti Property (Mitiska REIM Group)
Mitiska REIM
Manova Partners
Scallier Investment
Warehouses De Pauw Romania
Mega Company Group
Highlight-Mandate
- Assisting a developer, part of the Niro Investment Group, with obtaining a €30m financing to complete a luxury hotel in Bucharest, operated by Swiss Hotel, from a syndicate of banks comprised of the largest private and state-owned Romanian banks.
- Advising S7 Pitesti Property on a €19m financing concluded with Erste Group Bank for the purpose of developing a retail park in Pitești.
- Advising Manover Partners on extending its existing €30m financing granted by UniCredit Bank Austria in relation to Charles de Gaulle Plaza.
Popovici Nitu Stoica & Asociatii
Popovici Nitu Stoica & Asociatii has a robust client list of multinational banks, which instruct the firm in the realms of financial transactions, both on the lender and borrower sides, advice in the fintech sector, and contentious finance sector matters. Bogdan Stoica leads the group and regularly handles notable financings and refinancings in the Romanian market. Transactional advisor Alexandru Ambrozie is an additional key senior contact, and Ioana Lazar is the more junior team member to note.
Praxisleiter:
Bogdan Stoica
Weitere Kernanwälte:
Alexandru Ambrozie; Ioana Lazar
Referenzen
‘People, collaboration, diversity.’
Kernmandanten
BRD Société Générale
Banque Banorient France
Deutsche Bank
Libra Internet Bank
Deutsche Leasing
The Governor and Company of the Bank of Ireland
Ameropa Group/Ameropa Grains/ Azomures/Chimpex
Franklin Templeton International Services
KBC Bank
La Fantana
BRD Société Générale
Highlight-Mandate
- Advised Banque Banorient France S.A. Romania Branch on granting a €15m financing to Tibisis Expert S.R.L. and its subsidiary Victoria Center S.R.L. for investment purposes and the refinancing of outstanding facilities.
- Advised a consortium of banks, led by Deutsche Bank, on granting a $173m financing to Black Sea Oil & Gas, including as regards the securitisation of such financing.
- Advised La Fantana on the refinancing of the existing group debt and its increase to €70m by a consortium of banks, led by ING Bank and also including Raiffeisen Bank.
Volciuc-Ionescu
Coordinated by managing partner Sabin Volciuc-Ionescu, an expert in financing projects in the energy, infrastructure and technology sectors, the team at Volciuc-Ionescu acts on green and sustainable finance mandates, regularly handling precedent-setting matters and some of the higher value deals in the country. Diana Tudor is the other key lawyer in the practice, and is frequently involved in innovative financings.
Praxisleiter:
Sabin Volciuc-Ionescu
Weitere Kernanwälte:
Diana Tudor
Referenzen
‘The expertise was relevant first and foremost, but also the time to complete the transactions. Thus, we found both competence and expertise, but also a dedicated team. The involvement of both partners and associates made the consulting process run smoothly. As strengths, we appreciated the negotiation competence, finding and offering alternative solutions that would be accepted by all parties involved.‘
‘What I appreciated about the team I worked with was their willingness to answer our questions, offer mitigation solutions, and participate in discussions.’
‘The banking and finance team combines strong technical knowledge with a very pragmatic, solution-oriented approach. They are highly responsive and efficient, with the ability to handle complex, multi-jurisdictional financings seamlessly. Their strengths lie in anticipating challenges, adapting quickly to changing circumstances, and delivering clear, commercially relevant advice.‘
Kernmandanten
Banca Comerciala Romana
Bank of China
Banca Transilvania
Deutsche Bank
IFC
J&T Banka
Societe Generale
Highlight-Mandate
- Advised IFC as anchor investor on several investments in green or sustainability linked bonds issued by leading Romanian banks.
- Advised a Romanian bank on its derivates arrangements.
- Advised a major Romanian company on the issuance of green bonds.
Zamfirescu Racoti Vasile & Partners
Zamfirescu Racoti Vasile & Partners is one of the firms to note when it comes to Romania’s green financing market, acting for a number of banks and financial institutions in such deals and holding ESG aspects at the core of its banking and finance offering. Co-leader of the group Ioana Racoti is a corporate finance expert with extensive experience and a diverse portfolio of clients. Racoti's co-lead, Elena Iacob, assists numerous banks and non-banking financial institutions with statutory and regulatory matters.
Praxisleiter:
Ioana Racoti; Elena Iacob
Weitere Kernanwälte:
Adina Rotaru; Denisa Neamtiu
Referenzen
‘ZRVP is one of the most seasoned and experienced Romanian law firms, with cross-domain exposure and also with cross-border activity in all legal fields. A one stop shop for the most complex clients.’
‘Ioana Racoti is one of the founding partners and a hands-on partner, one of the most loyal attorneys that I have met in my career, very hands on, very accurate, very dedicated to her job.‘
‚Elena Iacob is a partner with extensive experience in banking and finance, former internal counsel of a major bank, with an inside view of every transaction and with a pragmatic and efficient approach.’
Kernmandanten
Garanti BankS.A.
DHB Bank S.A.
Intesa Sanpaolo Romania
ALRO S.A.
First Bank
Iliotomi Group
Highlight-Mandate
- Advised Alro SA, in its capacity as borrower, on a $40m facility for investment purposes.
- Advised DHB Bank on a loan for financing the construction of a photovoltaic panel project.
- Assisted Iliotomi Group with a restructuring and settlement transaction with Eurobank regarding the financing granted to a real estate developer for a prime location office building in Bucharest.