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.

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.

This article was prepared for and first appeared in Which Lawyer in Romania 2021

Published in Which Lawyer in Romania 2020 – Competition Chapter, 13th edition

Assessment of data protection implications in M&A transactions – possible new requirement

On June 29, 2017 the Competition Council in partnership with AmCham Romania organized the “Competition in Public Procurement – Rules of the Game for Consortia” conference.

The Romanian Competition Council issued new guidelines for the setting of fines, which were published on November 3rd 2016. The guidelines also provide for the applicable procedure should a company acknowledge the infringement (similar with the settlement procedure at the level of the European Commission).

On May 19-20, Georgeta Dinu attended the international conference “The role of national judges in the enforcement of European competition rules and the collaboration between the regulatory authorities and the judicial actors”, within the program “Improving the enforcement of competition law in Romania – Specialized conferences for European judges”, organized by Freedom House together with the European Commission, National Institute of Magistracy and the Competition Council for the purpose of training Romanian judges.

Nestor Nestor Diculescu Kingston Petersen Legal & Tax organized a new edition of its Lex Atelier workshop series, with Ziarul Financiar as media partner. The main subject up for debate was “Management Decisions and Liability”, NNDKP’s lawyers and consultants tackling the issue from multiple legal and tax perspectives and a multi-disciplinary approach that resulted in a practical crash-course on taxation issues, competition law and employment matters.

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