On 24 April 2013 Clifford Chance Badea hosted a roundtable themed: "Arbitration – a better option than courts of law for commercial disputes?" addressing interesting and vexing questions about this form of dispute resolution.
The panel included international experts on the subject: Jason Fry - the former Secretary General of the International Chamber of Commerce ("ICC") International Court of Arbitration ("Court") and a partner at Clifford Chance where he jointly heads the global international arbitration practice; Simon Greenberg – a counsel at Clifford Chance and a former Deputy Secretary-General of the ICC, who was appointed as of July 2012 by the ICC World Council as one of two Members of the ICC Court to represent Australia and Vlad Peligrad – senior associate who leads the Bucharest litigation & dispute resolution practice and is an arbitrator with the Court of International Commercial Arbitration attached to the Chamber of Commerce and Industry of Romania.
Topics included the time- and cost-efficient management of arbitration proceedings, the importance of choosing the right arbitration institution as well as the potential risks in enforcing arbitral awards in certain jurisdictions and the drafting of arbitration clauses. The provisions of the new Romanian Civil Procedure Code regarding arbitration were also debated.
The event was attended by representatives of public and private institutions and major companies from various sectors including, energy, infrastructure, banks and advisory services.
Note to editor
Clifford Chance has been present in Romania since 2006 and operates now as Clifford Chance Badea, being the only fully integrated Magic Circle firm in Romania.
The Bucharest office has 3 partners (Daniel Badea- Managing Partner, Nadia Badea and Perry Zizzi) supported by an international team of 45 Romanian, American and Canadian fee earners. Clifford Chance Badea is frequently involved in complex transactions such as syndicated loans, project finance, restructurings, Eurobonds and shares issues on international capital markets, derivatives, companies' acquisitions by strategic investors or private equity funds, infrastructure and motorway projects, real estate investments, etc., as well as domestic and international litigation and arbitration.
Clifford Chance Badea ranks first among law firms in Romania under the section of Banking & Finance in the most recent editions of Legal500 and Chambers Global and is a tier 1 firm under Banking, Capital Markets and Project Finance practices according to 2012/2013 issue of IFLR1000 directory .