The High Court of Cassation and Justice has recently upheld a decision of the Timisoara Court of Appeal, with significant relevance for transfer pricing disputes based on the re-qualification of the functional profile of a company within a multinational group from independent producer to producer under the full control of the group. It has been confirmed that elements specific to the operation of a multinational group, such as providing support services by global cooperation structures or the existence of common directors, do not prove the existence of a transaction between the parent company and the controlled entity that would justify reconsidering the functional profile of the company, even in cases where the controlled entity experienced periods of losses.
Nestor Nestor Diculescu Kingston Petersen has secured a final favorable decision for an important manufacturer of components for automotive safety systems, in a customs dispute. The final decision issued by the Timisoara Court of Appeal confirms the company’s right to recover the customs duties paid based on incorrect customs declarations, marking a significant benchmark in the legal field.
In 2024 we celebrated a remarkable milestone – 20 years since the opening of the Timișoara office. NNDKP laid the foundation stone and started developing the Timișoara office in 2004. Twenty incredibly beautiful years of work followed, during which the office flourished and became the landmark and partner it is today.
Andreea Marton
Daniel Hadăr
Sorin Mociofan
Paula Corozel
Ion Loga
Ioana Cristea
