A regular fixture of standout capital markets matters involving Romanian law elements, the team at Clifford Chance Badea assists with significant debt and equity transactions, as well as cross-border work. As the market has developed rapidly in the past 20 years, so the practice has become more sophisticated and maintained a regular role in precedent-setting work in Romania. Madalina Rachieru-Postolache has a track record in complex deals and leads the department, with key support from two lawyers who joined the partnership in March 2025: Cosmin Anghel, who has experience advising banks, IFIs and private equity sponsors on a wide range of financial products, and Radu Ropota, who is especially knowledgeable in the energy sector.

For both debt and equity capital markets advice, CMS is one of Romania’s top destinations, with its Bucharest office being a key location for the firm’s offering across the CEE region. The team assists with the full range of matters, from MREL and Tier 2 bonds and convertible bonds, to regulatory aspects and newly-issued regulations. Cristina Reichmann leads the department and is adept across ECM and DCM transactions, fund management, and securities infrastructure. Capital markets and their related regulatory issues are the focus for Adina Nanescu, and Mircea Ciută is a finance expert with frequent involvement in capital markets work.

Filip & Company's position as one of the notable full-service domestic firms extends to the area of capital markets, where the firm fields a team which regularly acts on major domestic and international transactions. Eye-catching IPOs, high-valued notes issuances, share sales, and capital increases are all frequent features of the team’s slate of work. One of Romania’s top senior corporate lawyers, Alexandru Birsan, oversees the capital markets practice and has experience leading the full range of matters. His team includes Olga Niță, a client favourite for her ‘deep knowledge of capital markets’; Anca Badescu, whose practice has a broad transactional focus, and Roxana Diaconu.

Under the stewardship of Loredana Chitu, the capital markets practice at Dentons' Bucharest office has become a robust choice for issuers and intermediaries requiring guidance on local and international equity and debt transactions with a Romanian law element, as well as shareholders’ rights and regulatory advice. Chitu leads on the range of matters and has strong experience at the high end of transactions and regulatory work. The team’s key associate is Alin Roca, a ‘highly skilled professional’ building experience in some of the market’s top transactions.

RTPR | Radu Taracila Padurari Retevoescu SCA has played a key part in a range of firsts when it comes to capital markets in Romania, and is equally equipped to handle debt and equity transactions. It is also notable for its regulatory offering. Key senior contact Mihai Ristici is an expert across transactional matters in Romania and has a strong track record in notable capital markets deals, including IPOs, rights issues, bond issues, listings, placings and accelerated book-builds. Victor Pădurari helps oversee matters as a finance sector expert. The additional key contacts are Vlad Stamatescu and Marina Fecheta-Giurgica.

Schoenherr si Asociatii SCA stands out for its regulatory advice in the capital markets arena and is counsel of choice for major banks, regulated entities, and corporate issuers. The team is also equipped to handle IPOs, SPOs, secured and unsecured debt issuances. Narcisa Oprea leads the practice group and is a veteran of 25 years in capital markets, with experience in major transactions and innovative work in the field. Veronica Das Alexeev is a valued advisor to financial institutions and investors, both domestic and international. Silviu Lazăr is also active in capital markets work and has a finance-focused practice.

Bondoc si Asociatii SCA's offering in capital markets combines transactional and regulatory expertise, assisting major companies and financial entities with domestic and cross-border matters. The team’s scope of work includes both debt and equity matters, and its regional offering is bolstered by a close relationship with White & Case’s network of offices. At the head of the practice, Simona Petrișor is well versed in advice to arrangers, lenders, borrowers and sponsors on the gamut of capital markets transactions. Her team includes corporate finance expert Diana Ispas, transactions-focused Florin Sandu, and banking and finance senior associate Silviu Vasiliu.

For advice on structured products, including swaps and derivatives, Leroy si Asociatii has a strong track record, assisting with transactional and regulatory matters. Practice head Andreea Toma has specialist knowledge in this area, and his team includes financial instruments and derivatives expert Cristian Bumbac, whose experience includes IPO-related corporate due diligence work for issuers.

Musat & Asociatii has extensive experience in cross-border capital raising transactions and has stood out for its recent assistance to Romgaz on the implementation of an EMTN program. Its client list includes major international banks, as well as entities of the Romanian government. Key senior figures to note include name partner Gheorghe Muşat; accomplished finance, corporate and capital markets lawyer Răzvan Stoicescu; and Monia Dobrescu, who has a notable list of banks among her clients. At the associate level, Robert Urmosi and Dumitru Varzari are additional key contacts.

Drawing on a considerable history in the practice area, the capital markets offering at Popovici Nitu Stoica & Asociatii is notable for its strong expertise in advising large, high-profile investment funds. Practice head Bogdan Stoica is well versed in issuances and IPOs, and Alexandru Ambrozie has more than two decades’ experience assisting with equity and debt capital markets matters. Alexandra Niculae is the additional key name.

The banking, finance and capital markets team at Volciuc-Ionescu handles a wide spectrum of work for its client base of corporations, financial institutions and local companies, with recent experience in green and sustainable bond issuance. Sabin Volciuc-Ionescu leads the department and is a recognised figure in finance matters within Romania’s energy, infrastructure and technology sectors. Diana Tudor is the additional contact to note, and is building a strong transactional finance practice.