Press Releases

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 ...

NNDKP assisted Medicover, a leading provider of private medical services in Romania, in the transaction through which the company acquired Polaris Medical, in Cluj-Napoca, from the Socea family. Following the transaction, Medicover will hold the majority stake in Polaris Medical, and will thus expand its presence in the north-west region of Romania, as well as its expertise in integrated medical services ...

NNDKP assisted Tech Mahindra, a leading provider of digital transformation, consulting and business re-engineering services, in a multi-jurisdictional transaction, regarding the acquisition of the Allyis group. The total value of the transaction is estimated at USD 125 million ...

NNDKP has assisted Purolite Corporation and Purolite SRL in relation to the acquisition of the companies by Ecolab, as part of a broader, global acquisition process. The transaction is valued at approximately US$ 3.7 billion, placing it amongst the largest transactions of its kind closed this year, both at global and national level ...

NNDKP has assisted Safety Broker, the largest independent insurance broker operating in Romania and in the Republic of Moldova, in the sale of 80% of the company’s shares to the Unilink group, leader on the relevant Polish market ...

Nestor Nestor Diculescu Kingston Petersen (NNDKP) successfully assisted a syndicate of banks consisting of Banca Comercială Română (as mandated lead arranger, bookrunner, documentation agent, facility agent, security agent and lender), CEC Bank (as mandated lead arranger and lender), Raiffeisen Bank (as mandated lead arranger and lender), Banca Transilvania and Banca Românească (as lenders), in connection with a new financing of lei 278 million (approximately EUR 56,3 million) granted to Rodbun

During the first part of 2021, AAylex Group, one of the leading Romanian players in the food industry, finalized the acquisition of Banvit, the local subsidiary of the Brazilian giant, BRF, through a transaction that represented a premiere on the domestic market. The project prompted yet another premiere for the Romanian business environment, with the acquisition being financed by CEC Bank and EximBank ...

NNDKP successfully assisted and represented companies part of Efacec group, a supplier of solutions with presence in the energy, mobility and environment value chain, before the Court of International Commercial Arbitration attached to the Chamber of Commerce and Industry of Romania against Brăila County, a local administrative authority from Romania ...

NNDKP successfully assisted AAylex Group, one of the leading Romanian players in the food industry, controlled by entrepreneur Bogdan Stanca as majority shareholder, in securing the funds necessary for the Group’s expansion in Romania through the acquisition of Banvit Foods Romania ...

Nestor Nestor Diculescu Kingston Petersen (NNDKP) provided legal assistance to Globalworth in relation to the acquisition of two industrial projects, IPW Arad (Industrial Park West Arad) and IPW Oradea (Industrial Park West Oradea). With the successful completion of the acquisition, Globalworth Industrial, Globalworth's logistics and industrial sub-brand, extends its portfolio in another two cities in Romania, each with major potential for economic growth ...

Nestor Nestor Diculescu Kingston Petersen (NNDKP) won the “Romania Law Firm of the Year” award at the Chambers Europe Awards gala, a hallmark event organized on April 22, 2021 by Chambers and Partners, one of the most prestigious directories dedicated to the legal services. This is the 5th time NNDKP has received this much-coveted award, within a 12-year time span since Chambers and Partners started awarding this distinction to Romanian law firms ...

NNDKP successfully assisted a syndicate of banks consisting of Banca Comercială Română (as Documentation Agent, Facility Agent and Security Agent), CEC Bank, Raiffeisen Bank and Banca Românească in connection with a lei 84.5 million (approximately EUR 17.2 million) financing granted to Rodbun Group, one of the leading agro-business companies in Romania. Rodbun is a company-integrator of agricultural products and solutions, having an entirely Romanian capital and established in 2002 ...

Nestor Nestor Diculescu Kingston Petersen (NNDKP) was part of an international team of lawyers that assisted CTP in connection with its Initial Public Offering (IPO) on the Euronext stock exchange in Amsterdam. NNDKP proudly acted as local counsel advising on Romanian law aspects on the project. “We are happy to have closely advised CTP, our long-standing esteemed client, on its exceptional milestone achievement ...

Nestor Nestor Diculescu Kingston Petersen (NNDKP) provided legal assistance to Banca Comercială Română (BCR) in relation to the transfer of ownership over the Bucharest Financial Plaza building, the former headquarters of the bank, located on Victoriei Avenue (Calea Victoriei), to Immofinanz, one of the most important real estate groups active in Central and Eastern Europe. Bucharest Financial Plaza is located in the proximity of Bucharest “ground 0” (city center). It covers a surface of 26 ...

On March 18, Chambers & Partners released the results of its 2021 European research, a benchmark when it comes to recognizing the best law firms and legal practitioners in the region. Nestor Nestor Diculescu Kingston Petersen (NNDKP) received strong recognition from clients and peers that reconfirmed its prime position on the Romanian business law market ...

NNDKP announced the 2021 class of promotions. * 1 lawyer enters NNDKP Partnership * 1 lawyer is promoted to the Managing Associate position and 3 lawyers are named Senior Associates * 9 practice areas of NNDKP (consultancy and litigation) and regional offices Timișoara and Cluj-Napoca where promotions were made * a total of 30 lawyers advance in their roles within NNDKP Roxana Abrașu (Employment & Labour) was promoted to Partner ...

NNDKP assisted Clinica Victoria in the transaction for establishing a partnership with EquiLiant Capital, the investment fund financed by Pavăl Holding, oriented towards investments in small and medium-sized companies. EquiLiant invested in Clinica Victoria, acquiring a minority stake in the company following an increase of the share capital ...

NNDKP successfully represented a company which is a member of a well-known French industrial group operating in the tools manufacturing sector, in a dispute having as subject matter the annulment of documents issued by tax authorities that imposed additional taxes in excess of 4 million lei as well as other penalties due to the incorrect application of the relevant tax regime in the area of transfer pricing ...

NNDKP has successfully assisted and represented a private company in a dispute resolved by the Bucharest Court of Appeals, concerning the requirements imposed on tenderers in a public tender procedure organized for the modernization of a Romanian railway line ...

NNDKP successfully assisted and represented one of the largest Italian entrepreneurs operating in Romania in infrastructure projects against the company that manages the national railway network. The litigation had a final settlement of over 5 years and concerned the claims of the contractor, made against the Contracting Authority in connection with the execution of the rehabilitation project of the Pan European Corridor IV, Vințu de Jos – Coșlariu section ...

Nestor Nestor Diculescu Kingston Petersen (NNDKP) provided legal assistance to DKV in the acquisition of Smart Diesel, the largest independent fuel company in Romania. DKV is the market leader providing cash-free service en route to the transport business on the European motorways and traffic roads. Through this transaction DKV continues its expansion strategy and consolidates its presence and client database in Eastern Europe ...

Nestor Nestor Diculescu Kingston Petersen (NNDKP) provided legal and tax assistance to Opel (Groupe PSA) in relation to the transfer of its Romanian business to Trust Motors, an independent importer for Peugeot, Citroen and DS brands. Following the completion of the transaction, the entire activity of Opel in Romania and its local team will be integrated into Trust Motors ...