Clifford Chance Badea draws on the strength of its international links in order to advise on capital markets matters with Romanian law components, and is well versed in handling significant debt and equity transactions, often with cross-border elements. The department is also well known for assisting clients with market abuse and compliance issues. The practice is jointly led by Madalina Rachieru-Postolache and Daniel Badea; the duo stand out for their ‘deep knowledge of the market and industry, and dedication that exceeds expectations', and field expertise in transactional matters. Senior associate Gabriel Toma is singled out for his contributions.

CMS‘s Bucharest office combines its regional knowledge with the firm's wider international expertise in order to provide an extensive capital markets offering in Romania. Led by Cristina Reichmann, who has an excellent reputation for her established expertise in securities matters, the team is adept at handling debt and equity capital markets work, and has a strong track record in advising on IPOs, high-yield bonds, derivatives, structured finance and securities matters. Reichmann and counsel Adina Nanescu garner praise for their 'valuable expertise and commercially relevant advice'. Claudia Popescu and Mircea Ciută are names to note.

The ‘incredibly smart and commercial‘ capital markets team at Filip & Company is very highly regarded in the Romanian market. The group has an excellent track record in acting on a number of the most complex, high-value domestic and international transactions in the space. Led by Alexandru Bîrsan, who stands out as ‘a legend of Romanian capital markets', the practice's offering includes IPOs, bond issuances and share capital increases. Olga Niță is 'very hard working and intelligent'. Roxana Diaconu and Anca Badescu are key names to note.

RTPR | Radu Taracila Padurari Retevoescu SCA‘s capital markets team has strength in handling both debt and equity transactions, and has a solid track record in handling a number of high-profile IPOs. The practice continues to be instructed in IPOs and debt work. Practice co-heads Mihai Ristici and Victor Pădurari regularly represent major international banks and investment companies in mandates. The 'very skilled and very dedicated' Marina Fecheta-Giurgica and rising star Vlad Stamatescu ably support the duo.

Schoenherr si Asociatii SCA has a considerable presence in Romania’s capital markets industry. The practice is home to a highly experienced team, which is well versed in advising on the full range of capital markets matters, including IPOs, SPOs and secured and unsecured debt issuances. The client base includes corporate issuers and investment banks, and the group often advises on equity listings. Practice head Narcisa Oprea stands out for her 'exquisite knowledge'. Veronica Das Alexeev has experience in representing domestic and international entities in capital markets matters; Cristina Tudoraș and Silviu Lazăr are also key practitioners.

At Dentons' Bucharest office, the capital markets practice is led by the 'outstanding' Loredana Chitu, who garners praise for her 'analytic abilities, legal acumen and pragmatic, pro-active approach'. Under her leadership, the team is regularly instructed by banks and issuers in domestic and international equity and debt transactions. In a standout matter, the group recently acted as part of a global team in order to assist Hidroelectrica with its €1.9bn IPO and subsequent listing on the Bucharest Stock Exchange. Chitu is ably supported by associate Alin Roca.

The experienced capital markets team at Bondoc si Asociatii SCA is active on a broad range of transactional and regulatory matters. Cross-border and domestic instructions are prominent in the group’s workload, and the department is recognised for representing a solid client roster of major companies and financial entities. Simona Petrișor heads up the practice, and is ably supported by corporate finance expert Diana Ispas, who stands out for her ‘exceptional leadership skills‘.

Volciuc-Ionescu's capital markets practice has a solid track record in representing major multilateral lenders and investors, and is equally adept at handling Romanian and international mandates. Managing partner Sabin Volciuc-Ionescu heads up the practice, and is well versed in assisting with both equity and debt capital markets matters. He is ably supported by senior associate Diana Tudor, a rising star in the Romanian capital markets space.

Regulatory work forms the backbone of Kinstellar's capital markets practice. The 'hands on and knowledgeable' team, which is led by financial regulatory expert Zsuzsa Csiki, is often instructed by major global banks and investment companies in work involving Romanian legal elements. Csiki is ably supported by managing associates Mădălina Perțe and Răzvan Constantinescu.

Led by Andreea Toma, the team at Leroy si Asociatii is sought after for its expertise in handling structured products, including swaps and derivatives, and is adept at assisting with transactional and regulatory work. Cristian Bumbac is recommended for derivatives matters.

Musat & Asociatii handles a range of cross-border capital markets matters, and has established strength in advising on capital raising transactions. The practice is jointly led by senior partner Gheorghe Muşat and Răzvan Stoicescu, a highly regarded practitioner in the Romanian market. Banking and finance expert Monia Dobrescu is a name to note.

Popovici Nitu Stoica & Asociatii's practice is well versed in advising on a broad spectrum of equity and debt capital markets matters. Under the leadership of Bogdan Stoica and Alexandru Ambrozie, the team has particular expertise in advising large, high-profile investment funds in the capital markets space. Alexandra Niculae is singled out for her contributions.