On Thursday, 25th May, Anca Diaconu, Partner, Competition, State Aid and EU law practice, was a speaker at the Competition in the current economic context – making markets work conference, organised by the Competition Council, at Pentagon Events – Romexpo.
NNDKP successfully represented a major local food supplier in connection with the annulment of the fine imposed by the Competition Council following an investigation initiated in 2009 for alleged anti-competitive agreements between several suppliers and retailers operating in the domestic market.
NNDKP has won two “Deal of the Year” awards for the year 2022 at the CEE Deals of the Year Awards gala organized by CEE Legal Matters, one of the leading regional legal publications. The event took place on April 25, 2023, in Istanbul, and brought together representatives of the most powerful and best-performing law firms in Central and Eastern Europe.
On April 12, 2023, The Legal 500 has launched the 2023 edition of its EMEA rankings. The results of the research conducted among law firms active in Europe reconfirm NNDKP’s position as a leading business law firm in Romania.
Nestor Nestor Diculescu Kingston Petersen (NNDKP) confirms that Grupo Bimbo has included Romania in its global growth strategy and has completed the acquisition of Vel Pitar as nation-wide development platform.
The Bucharest Court of Appeals has recently decided to refer several questions to the Court of Justice of the European Union for a preliminary ruling on the interpretation of the EU law to clarify the lawfulness of the electrical energy production surcharge imposed by Law 259/2021. The request came from a company operating in the renewable energy sector, represented by Nestor Nestor Diculescu Kingston Petersen (NNDKP). Additionally, the Bucharest Court of Appeals referred to the Constitutional Court an objection of unlawfulness relating to the same legal provisions on the surcharge imposed for electrical energy production.
Nestor Nestor Diculescu Kingston Petersen (NNDKP) has assisted, since June 2020, the Beverage Producers Alliance comprised of the Brewers of Romania Association and the Romanian Soft Drinks Association in setting up a deposit return system (DRS) for single-use primary packaging. The assistance also included establishing and obtaining the accreditation of RetuRO SGR as sole administrator of the Romanian system.
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.
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 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.