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Nestor Nestor Diculescu Kingston Petersen  

Legal Services | Romania

www.nndkp.com
tel: +40 21 201 12 00 | fax: +40 21 201 12 10
201 Barbu Vacarescu St., Globalworth Tower, 18th Floor, District 2 | Bucharest | 020276 | Romania

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Manuela M. NestorCo Managing Partner

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All COVID-19 articles | All Articles by Nestor Nestor Diculescu Kingston Petersen

Impact of COVID-19 on Holding the General Shareholders Meetings – New Temporary Measures, for Non-Listed Companies Only
Nestor Nestor Diculescu Kingston Petersen, May 2020

The long-awaited government enactment on the holding of the general meeting of shareholders in the context of COVID-19 outbreak was finally passed in the form of the Government Emergency Ordinance No. 62/2020 that entered into force on May 8 (Ordinance 62). However, Ordinance 62 lost the momentum for the annual general meetings of shareholders (GMS) of listed companies, the most vulnerable category of companies in terms of holding GMS in the particular context triggered by the coronavirus. It therefore states that it does not apply to listed companies...

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Is the Future of the European Green Deal Threatened by the COVID-19 Pandemic? Focus on the National Energy Sector
Nestor Nestor Diculescu Kingston Petersen, May 2020

In their attempt to reduce the spread of the new coronavirus pandemic of COVID-19 caused by the SARS-CoV-2 virus, governments throughout the European Union have imposed unparalleled measures with a strong impact on travel and economic activity. As the rate of new coronavirus infections started dropping across the European Union, governments and EU officials are looking for lockdown exit strategies and methods for boosting the currently stagnant economy. In this context, many discussions focus on how to better integrate and not to forego the commitments enshrined in the European Green Deal while drafting new policies aimed at reviving the EU economy...

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Powerful Business Response to Global Health Challenge
Nestor Nestor Diculescu Kingston Petersen, May 2020

Humanity needs from each of us unprecedented contributions to support and enhance healthcare systems’ response to the coronavirus threat. Money, good citizenship values, personal time, individual limitations and privations and brain waves, in any proportion, never amount for too much. Equally urgently needed is to contain irreversible disruptions in businesses and, thus, to protect communities and employees from shortages in food, health and education resources. It is paramount to project and prepare the future beyond the pandemic or living with it, as it is for the businesses to remain functional now, in various degrees...

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Financial Relief for Media and Telecom Players
Nestor Nestor Diculescu Kingston Petersen, May 2020

As a result of the evolution of the international epidemiological situation determined by the spread of SARS-CoV-2 coronavirus and considering the state of emergency declared by Decree no. 195/2020 on the establishment of the state of emergency on the territory of Romania, as well as its extension by Decree no. 240/2020 regarding the extension of the state of emergency on the territory of Romania, the Romanian Government recently issued the Emergency Ordinance no. 56/2020 on some provisional measures in the context of the epidemiological situation caused by the spread of SARS-CoV-2 coronavirus (“GEO no. 56/2020”), effective as of April 27, 2020...

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If the Economic Relief Measures Implemented by the Romanian State do not Suffice, What to do Next?
Nestor Nestor Diculescu Kingston Petersen, May 2020

Same as most of the states where SARS-CoV-2 crisis emerged, Romania has adopted a quite extensive package of measures meant to sustain the shaken economy pending the cease of the emergency state. In this context, the Romanian Government regulated and is still implementing certain specific measures for easing the economic burden on companies during the state of emergency...

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