Nestor Nestor Diculescu Kingston Petersen announces that the High Court of Cassation and Justice (ICCJ) re-adjudicated and dismissed the second appeal filed by one of the clients of a major Romanian bank. Thus, the court reversed the only case where it had intervened in a loan agreement and had changed the parties’ initial interest rate and had replaced it with Euribor + 1.5%.

Lex Mundi, the world’s leading network of independent law firms, announced the launch of its new brand identity. The repositioned brand focuses on a client-oriented strategy (as opposed to the previous one focused on bringing together top independent international law firms. The new strategy is supported by a new visual identity, a new tagline (“World Ready”), motto (“The law firms that know your markets”) and layout of communication materials, all reflecting the benefits of collaborating with the member firms of Lex Mundi, an association with global coverage and local expertise.

Nestor Nestor Diculescu Kingston Petersen announced a series of promotions among Partners and Senior Associates. Thus, Georgeta Dinu (Harapcea) (Managing Associate and Head of the Competition Practice) and Roxana Ionescu (Managing Associate and Head of the Environment and Data Protection Practices) were promoted to the position of remunerated partners. Moreover, two senior associates were promoted to managing associates and four associates to the level of senior associates.

One of the largest American car manufacturers and Nestor Nestor Diculescu Kingston Petersen announced today the finalization of the last stage of the restructuring process under the privatization contract, resulting in the Romanian State currently holding 100% share capital of the company split from the American company.

Nestor Nestor Diculescu Kingston Petersen announced that the High Court of Cassation and Justice rendered another decision in favor of a large Romanian bank in the disputes initiated by the bank’s clients seeking to impose their own mechanism for calculating the interest.

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.

Our colleague, Mihaela Grigore, took part this month in the first edition of Transmaraton Romania, a 22 km race on the Transfagarasan. The event was organized by a major leasing company in support of the humanitarian campaigns of two large non-profit organizations.

Nestor Nestor Diculescu Kingston Petersen announced that over the past eight years 150 students took part in the internships offered by the law firm, of which 36 joined the firm in a permanent position.

Nestor Nestor Diculescu Kingston Petersen announced that the Competition Council decided to close the investigation started in 2007 regarding the management fees on the market of mandatory private pensions fund management.

Nestor Nestor Diculescu Kingston Petersen announced that the Competition Council decided to close the investigation started in 2007 regarding the management fees on the market of mandatory private pensions fund management.

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