It is time to say farewell to 2020, a year that made us think about the things we are grateful for, and most importantly, it reminded us that communities can only grow stronger together. Only by listening and helping each other we can move forward together.

10.12.2020 – The Law no. 282/08.12.2020 on approval of the GEO no. 132/2020 on support measures for employees and employers in the context of the epidemiological situation caused by the spread of SARS-CoV-2 coronavirus, as well as for stimulating employment growth was published within the Official Gazette no. 1201 dated December 9, 2020.

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.

08.12.2020 – The Government Emergency Ordinance no. 211/04.12.2020 on extending the application of some social protection measures adopted in the context of the spread of the SARS-CoV-2 coronavirus, as well as on amendment of the GEO no. 132/2020 on state support measures for employees and employers in the context of the epidemiological situation caused by the spread of SARS CoV-2 coronavirus and for stimulating employment was published within the Official Gazette no. 1189 dated December 7, 2020.

NNDKP successfully assisted a syndicate of banks –  comprising Banca Comercială Română S.A. (member of Erste Group), acting as Bookrunner, Mandated Lead Arranger, Documentation Agent and Facility and Security Agent, CEC Bank as Mandated Lead Arranger, and participating banks EximBank SA, Intesa Sanpaolo Romania SA and OTP Bank Romania SA – in granting an EUR 90 million loan facility to the Carmistin Group, one of the main players on the agricultural and zootehnical market in Romania.

27.11.2020 – Two draft laws amending the Fiscal Code and the Fiscal Procedure Code were adopted by the Chamber of Deputies

Published in “The International Comparative Legal Guide to: Gambling 2021”, 7th edition

NNDKP assisted CTP, the largest developer and long-term manager of industrial and logistics parks in Romania and Central and Eastern Europe in the transaction that involved the acquisition of a 95.000 sqm area of buildings from the Australian group, Cromwell Property.

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