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Debt recovery is one of the most challenging parts of day-to-day business, especially in an environment where debtors aim to hinder enforcement by fraudulently diminishing their estate. 

In what the firm calls "one of the most important rounds of promotions within the firm in recent years," Nestor Nestor Diculescu Kingston Petersen (NNDKP) has announced the promotion of Marius Ezer, Daniela Gramaticescu, Valeriu Mina, Oana Partenie, Catalin Radbata, and Vlad Tanase to partner. The first five were promoted within the firm's Dispute Resolution practice while Tanase works within the firm's Real Estate practice.

Marian Dinu, Country Managing Partner at DLA Piper Dinu SCA, starts his report of the Buzz in Romania on the subject of the protests in Bucharest and throughout the country at the end of January and the beginning of February that generated media attention around the world following the ordinance bills proposed by the Romanian Ministry of Justice and secretly approved by the government regarding the pardoning of certain committed crimes and the amendment of the Penal Code of Romania (especially regarding the abuse of power).  

Taylor Wessing has advised Warimpex Finanz- und Beteiligungs Aktiengesellschaft on the partial sale of its hotel portfolio to the Thai investor U City Public Company Limited. CHSH and Hogan Lovells advised U City on the transaction, which included participations in eight hotels in the Czech Republic, Poland, and Romania, two of which are partly (50%) owned by UBM Development AG.

“Clients are increasingly looking for diversity in terms of dispute resolution methods,” according to Anne-Karin Grill, Partner at Schoenherr in Vienna. Keen to learn more about this development, CEE Legal Matters spoke with Grill, Schoenherr’s Bucharest-based Partner Silvia Opris, and Natasa Lalatovic Djordjevic, Attorney at Law at Moravcevic Vojnovic i Partneri in cooperation with Schoenherr in Serbia. 

Zamfirescu Racoti & Partners has obtained a new final arbitration award from the International Chamber of Commerce (ICC) Paris partially accepting the counterclaim made by the management company for state-owned stakes in the Societatea de Administrare a Participatiilor in Energie (SAPE) energy companies against E.ON Romania S.R.L. (E.ON). As a result of the ruling, E.ON is obliged to pay the amount of RON 4,070,948 (approximately EUR 901,000) plus interest to SAPE in compensation for infringing the minority shareholder’s rights in its distribution of dividends.

Clifford Chance Badea has announced the expansion of its Corporate M&A and Real Estate practices with the addition of former Noerr Associated Partner Mihai Macelaru, who joins Clifford Chance as Counsel. 

Romanian Knowledge Partner

Maravela & Asociații is an internationally recommended and repeatedly awarded Romanian law firm providing integrated legal, tax advisory and insolvency services in all areas of interest for businesses and public administration. 

Maravela & Asociații covers all major Romanian regions as well as the Republic of Moldavia, either directly or through carefully selected and closely coordinated correspondent offices. In addition, the firm has the infrastructure required to coordinate advice in multiple countries through highly reputed international networks of specialists ensuring high end services. 

Firm’s clients (multinational corporations, sound Romanian companies, private investors, public authorities and State companies) recommend Maravela & Asociații as “A reliable team providing a high standard of work.” (quote by Chambers and Partners), having consistently endorsed the outstanding quality of services provided, flexible approach, responsiveness as well as the friendly working climate. 

More client feedback and further information on Maravela & Asociații can be found at www.maravela.ro.

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