CAPITAL MARKETS

Peli Filip Capital Markets team includes specialists
well versed in all the intricacies of Romanian and
European capital markets rules and who have extensive
knowledge of the practice of the relevant regulators.

During their previous engagements members of our team have had leading roles on projects such as:

• Romanian public offerings: the public offering
  of a leading consumer goods retailer (the first
  international standards initial public offering of a
  Romanian company or the highly successful
  offering of the national natural gas transportation
  company.
• International public offerings: the public offering
  of the largest Romanian pharma distribution and
  retail business, the first Romanian business to be
  listed internationally (GDR listing on the LSE), but
  also convertible or exchangeable bond issues for
  Ukrainian or Spanish companies. In 2007, before
  the worsening of market conditions, our team was
  advising on virtually all major public offerings
  (both high yield debt and equity) originating in
  Romania.

In addition, we have been often called upon to advise
some of the leading financial institutions in the
world on various regulatory matters with regards to
financial markets and operations in Romania,
derivative transactions and structured finance
issues.

Our experience in capital markets transactions
means, beyond technical competency, that we are
familiar with the dynamics of this type of projects
and able to quickly integrate with and be helpful to,
other advisers such as international counsel or the
underwriters. We believe that our extensive sectorial
experience and broad-spanning regulatory
knowledge will be helpful in speeding up due
diligence processes and drafting of prospectuses, as
well as in the early identification of relevant risk
factors and possible means to manage such legal or
regulatory industry-specific risks.