The three simultaneous workshops organized by Nestor Nestor Diculescu Kingston Petersen provided a forum for discussing some of the most current topics that impact the business environment: current issues related to the structuring and enforcement of loan agreements and securities, specific methods for closing the competition investigations without the application of or with the reduction of fines, as well as tax legislative news relevant for the 2012-2013 period.

NNDKP recognized the Romanian subsidiary of a large German manufacturer of components for the automotive industry for its contribution to the development of vocational education in Timis County, both at the conceptual and implementation levels of the theoretical and practical programs at King Ferdinand I Technical College of Timisoara.

Decision 1071/2012 amending and completing the Methodological Norms for the application of the Fiscal Code was published in Official Gazette 753/2012

Council Regulation (EU) 967/2012 amending the Implementing Regulation (EU) No. 282/2011, in relation to the special schemes for non-established taxable persons supplying telecommunications, television, broadcasting or electronic services to non-taxable persons, has been published in EU official Journal No. L 290/ 20.10.2012

The Bucharest Court of Appeals has annulled the Competition Council’s decision to impose a fine on a large pensions fund for breach of competition rules, ending a dispute which started in 2010. It was the first instance where the competition authority found a breach not only of the Competition Law, but also of the Treaty on the Functioning of the European Union.

The European Court of Justice („ECJ”) has ruled on the case Vogtländische Straßen-, Tief- und Rohrleitungsbau GmbH Rodewisch (C-587/10).

Statement of Objections sent to 13 suspected participants in retail food packaging cartel

Order 1286/2012 approving the Accounting Regulations in accordance with the International Financial Reporting Standards applicable to companies whose securities are traded on a regulated market was published in Official Gazette 687/2012

Order no. 1.529/2012 approving the model and content of Form (097) ”Notification for the application/termination of the VAT cash deferment system” was published in Official Gazette 707/2012

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