Clifford Chance Badea has advised ROCKWOOL Romania during negotiations with CON-A Sibiu of the construction contract for a factory in Ploiesti, an initial investment of 50-million Euro that will represent the Danish group’s first stone wool factory of Romania.

The team of lawyers coordinated by counsel Vlad Peligrad has advised ROCKWOOL, part of world leading group in stone wool solutions, from the beginning of the project, working alongside the client in the due diligence process for the acquisition of a 30-hectars plot of land, during the negotiation and signing of the land acquisition contract, as well as the structuring, planning, and contract negotiation with the future builder.

“We are glad to be part of such an important project for both the local market of construction materials, and for the long-term strategy of a client we have been working with for a long time,” Vlad Peligrad said. “This is a portfolio deal for our practice, since it is one of the very important greenfield investment projects we have advised on in recent years. It was a complex deal, involving many novelty aspects, across multiple areas of law, such as: real estate, environment, corporate, commercial contracts, FIDIC contracts, regulatory, etc.”, adds Vlad Peligrad.

The Real Estate practice coordinated by partner Nadia Badea mainly advices multinational companies, large investment funds and financial institutions in relation to Real Estate Acquisition, Real Estate Finance or Litigation projects. Given its complexity, the ROCKWOOL project involved a multidisciplinary team coordinated by Vlad Peligrad, with vast experience in Real Estate, Corporate and Litigation.

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