Clifford Chance Badea, the local office of global law firm Clifford Chance, advised Electro-Alfa International on its initial public offering of newly issued shares following a capital increase (IPO), worth approximately RON 580 million (EUR 115 million). The offering was significantly oversubscribed, placing it among the most prominent listings by Romanian entrepreneurial companies.  The Clifford Chance team was led by Radu Ropotă (Partner) and included Nicolae Grasu (Senior Associate) and Cosmin Mitrică (Associate) from the Capital Markets practice, as well as Roxana Bărboi (Associate) from the Corporate M&A practice. The team advised the client throughout the entire transaction, from the organisation and preparation of the legal framework and structuring the offer, to drafting the prospectus, negotiating the contractual documentation in line with international standards, and advising the issuer on corporate governance matters.  George Ciubotaru, Vice President of the Board of Directors of Electro-Alfa International, says: "We would like to thank our partners at Clifford Chance Badea for this exceptional collaboration.

In highly regulated industries, independent recognition rarely reflects a single moment; rather, it signals consistency of judgement and clarity of approach. Also, it mirrors the ability to remain strategically aligned in environments where regulation evolves alongside innovation. The Chambers and Partners Global 2026 rankings reflect this dynamic, and once again recognizing Ana-Maria Baciu as a Global Market Leader in Gaming & Gambling. Marking her fifth consecutive year among a select group of only 80 practitioners globally, the distinction highlights strong market trust in her ability to navigate complex regulatory frameworks while embedding legal strategy in business realities.  This year’s edition also marks an important milestone, with Andrei Cosma debuting in the rankings as Up-and-Coming — a distinction awarded to professionals demonstrating strong market recognition and a growing international footprint.