Press Releases

Nestor Nestor Diculescu Kingston Petersen (NNDKP) earns top recognition in the 2024 Legal 500 rankings, EMEA edition ...

Nestor Nestor Diculescu Kingston Petersen (NNDKP) announces it has achieved high rankings in the recently published 2024 edition of Chambers Europe. The results reconfirm the firm’s leading position on the Romanian business law market, NNDKP being ranked in each of the 9 areas of practice researched in Romania, namely Banking & Finance, Competition/Antitrust, Corporate/M&A, Dispute Resolution, Employment, Intellectual Property & TMT, Projects & Energy, Real Estate and Tax ...

Nestor Nestor Diculescu Kingston Petersen (NNDKP) assisted a syndicate of banks in providing a loan facility totalling EUR 101.5 to RodBun Group, by refinancing and increasing existing facilities by EUR 37.14 million. RodBun is an integrator of agricultural products and solutions, and one of Romania’s most important players in this field.The syndicate of banks included Banca Comercială Română S.A ...

Nestor Nestor Diculescu Kingston Petersen (NNDKP) has assisted a syndicate of banks with the amendment and extension until 2026 of USD 150 million working capital credit facilities for ALRO S.A., one of the largest vertically integrated aluminium producers in Europe, by production capacity.The syndicate of banks was coordinated by Exim Banca Românească and included Banca Comercială Română SA (BCR), OTP Bank Romania, CEC Bank, UniCredit Bank, Alpha Bank Romania and Banca Transilvania ...

Nestor Nestor Diculescu Kingston Petersen (NNDKP) was part of the international team of advisors that assisted Insight Enterprises, a Fortune 500 Solutions Integrator focused on driving client success through digital transformation, in acquiring Amdaris, a software development and digital services company based in the UK, with service delivery centres located in several Eastern European countries ...

Nestor Nestor Diculescu Kingston Petersen (NNDKP) was named Romania Tax Disputes Firm of the Year at the 2023 edition of ITR EMEA Tax Awards organized by International Tax Review. The 18th edition of the awards acknowledges the innovative approach, performance, and key role played by the strongest tax, tax disputes and transfer pricing teams of experts across 34 jurisdictions throughout the region in developing the global advisory services market ...

Nestor Nestor Diculescu Kingston Petersen (NNDKP) has assisted a syndicate of banks in providing EUR 550 million in financing to the Swiss group Ameropa, which owns some of the largest local agribusiness companies - Azomures, Romania's largest fertilizer producer, Ameropa Grains SA, a major grain trader, and Chimpex, a leader in port operations ...

NNDKP has successfully finalized the two successive arbitration cases related to the design and execution of one of the four sections of the Sebes-Turda motorway ...

Nestor Nestor Diculescu Kingston Petersen (NNDKP) successfully represented a major local food supplier in connection with the annulment of the contravention fine imposed by the Competition Council following an investigation initiated in 2009 for alleged anti-competitive agreements between several suppliers and retailers operating in the domestic food sales market. The court validated the arguments raised by NNDKP concerning the unlawfulness of the Competition Council’s decision ...

Nestor Nestor Diculescu Kingston Petersen (NNDKP) was part of the international team of advisors that assisted NIPPON EXPRESS HOLDINGS, Inc., one of the world’s leading logistics companies, in acquiring the shares of the multiple subsidiaries of Cargo-Partner Group Holding AG ("Cargo-Partner"), which provides global logistics services through its main business sites in Central and Eastern Europe ...

Nestor Nestor Diculescu Kingston Petersen (NNDKP) was part of the international team of advisors that assisted CANCOM SE, one of the leading integrated IT service providers in Germany, in the acquisition of K-Businesscom-Group and all its subsidiaries, Austria’s leading provider of IT&C solutions and services. The transaction will result in the creation of one of the largest IT corporations in the DACH region ...

Nestor Nestor Diculescu Kingston Petersen (NNDKP) successfully represented Hammerer Aluminium Industries Santana S.R.L., a producer of semi-finished castings from aluminium recovered from recyclable materials for various uses, in a complex dispute related to transfer pricing aspects before the High Court of Cassation and Justice (ICCJ) ...

Nestor Nestor Diculescu Kingston Petersen (NNDKP) assisted Holcim Romania, one of the leaders in the construction materials industry in Romania, with the expansion of its aggregates division through the acquisition of 100% of the shares of Stones Business Development SRL, which operates an aggregate station and a sand and gravel mining exploitation ...

Nestor Nestor Diculescu Kingston Petersen (NNDKP) confirms that Grupo Bimbo has included Romania in its global growth strategy and has completed the acquisition of Vel Pitar as nation-wide development platform. NNDKP acted as local legal counsel for Grupo Bimbo, advising on all aspects of the acquisition of Vel Pitar, from transaction structuring to negotiation and completion ...

Nestor Nestor Diculescu Kingston Petersen (NNDKP) has assisted OTP Bank Romania and OTP Group in a EUR 57.80 million financing for Exigent Property Investment SRL to fund the development of phase 5 of Exigent Plaza Residence, the largest residential project in Bucharest, located in Militari area ...

The Bucharest Court of Appeals has recently decided to refer several questions to the Court of Justice of the European Union for a preliminary ruling on the interpretation of the EU law to clarify the lawfulness of the electrical energy production surcharge imposed by Law 259/2021. The request came from a company operating in the renewable energy sector, represented by Nestor Nestor Diculescu Kingston Petersen (NNDKP) ...

Nestor Nestor Diculescu Kingston Petersen (NNDKP) successfully represented ENEL (E-Distributie Banat) in a complex tax dispute relating to the possibility of the taxpayer deducting the value of tax depreciation for tangible assets (electricity grid connectors) acquired from the company’s clients through transfer, for the calculation of corporate income tax ...

Nestor Nestor Diculescu Kingston Petersen (NNDKP) successfully assisted International Game Technology PLC (IGT), one of the global leaders in gaming, in a multi-jurisdictional transaction for the acquisition of iSoftBet, an online games supplier and content aggregator. The transaction included the jurisdictions of Cyprus, the Czech Republic, Malta, Romania and the UK and the total deal value amounted to approximately EUR 160 million ...

Nestor Nestor Diculescu Kingston Petersen (NNDKP) advised PepsiCo in the transaction to acquire a minority shareholding in AQUA Carpatica, the Romanian spring water brand owned by Carpathian Springs SA company, controlled by the businessman Jean Valvis ...

Nestor Nestor Diculescu Kingston Petersen (NNDKP) assisted Isosport, the world market leader in the field of plastic composite materials for the ski and snowboard industry, in a multi-jurisdictional transaction for the acquisition of Novo Tech Group, a leading manufacturer of high-quality plastic products. The transaction involved two production sites located in Poland and Romania (Oradea) which Novo Tech Group operates, with an additional sales location in Belgium ...

Nestor Nestor Diculescu Kingston Petersen (NNDKP) acted as legal advisor for the syndicate of banks granting a financing facility worth EUR 347 million to Swiss-based Ameropa Group. The syndicate of banks was composed of Banca Comerciala Romana SA (BCR) and Raiffeisen Bank SA as joint Initial Mandated Lead Arrangers and Bookrunners, together with ING Bank N.V. Amsterdam – Bucharest Branch and UniCredit Bank S.A., as Mandated Lead Arrangers ...

Nestor Nestor Diculescu Kingston Petersen (NNDKP) assisted ExxonMobil, one of the world's largest publicly traded international oil and gas companies, with finalizing the last steps in selling to Romgaz its 50% participation in the Neptun Deep offshore block in the Black Sea. With the sale being materialized, this is one of most important M&A transactions in the energy sector ever rolled out on the local market that reshaped the oil & gas industry in Romania ...

Nestor Nestor Diculescu Kingston Petersen (NNDKP) assisted Marcos Provit, a local pharmaceutical services network, in issuing cross-border corporate bonds worth 8.5 million euros through private placement, under the coordination of the Polish private debt fund CVI. The transaction aims at the strategic development of the company by ensuring the financing for potential acquisitions ...

Nestor Nestor Diculescu Kingston Petersen (NNDKP) has obtained a major success, confirmed by a final decision of the High Court of Cassation and Justice (HCCJ), namely the annulment of a fine in excess of lei 24 million (approximately Euro 5 million) applied by the Competition Council for allegedly establishing anticompetitive agreements intended to limit prices in the context of the promotional campaigns carried out at the level of food retail chains between 2005 - 2009 ...

NNDKP has successfully assisted Transcarpatica S.A., an important Romanian steel producer, in the complex transaction consisting in selling the ownership interests held in Someg Gherla to the LKE Group, a German supplier of handling and logistic products and systems. NNDKP was involved in all the stages of this transaction, which also included an initial restructuring procedure in respect of the company’s assets ...