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. Initially, tax authorities rejected this possibility based on the way in which the company acquired the connectors (free of charge) and considering the existence of accounting depreciation rules different from the tax depreciation rules that were used.
NNDKP received new distinctions at the 12th edition of the “Avocati de Top 2022” Gala, which recognizes lawyers active in various business law areas for their professional achievements throughout 2021, event organized by Finmedia and Piata Financiara.
On March 17, 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.
Author: Ana Diculescu-Șova
Nestor Nestor Diculescu Kingston Petersen won the appeal filed by the National Forest Administration against the an Orthodox Church fund. The Cluj Court of Appeals admitted the appeal filed by the forest administration and dismissed the action , filed by the church fund,for the restitution of over 166,813.5 hectares of forest – over 75% of Suceava county’s forestland. The litigation started in 2001, and in 2008 the Suceava Trial Court admitted the claim filed by the church fund, thus ordering the national forest administration to hand over this land to the fund.
For the third time, NNDKP and Musat & Asociatii have obtained a dismissal of the extraordinary means of challenge filed by a Romanian steel manufacturer against a major German producer of steel and industrial components.
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%.
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.