Clifford Chance has advised Exigent Property Investment on its EUR 57.8 million financing agreement with OTP Bank Romania and OTP Plc. Nestor Nestor Diculescu Kingston Petersen advised OTP Bank.

After lengthy debates in the Parliament, the new Social Dialogue Law, i.e. Law no. 367/2022 was published in the Official Gazette no. 1238/2022 on December 22, 2022, the lawmakers opting to expressly repeal the “famous” Law no. 62/2011 with the entry into force of the new legislative framework, which is not at all surprising considering the many changes brought on by the new law.

BDK Advokati has advised Sandberg Capital on its EUR 20 million investment in Quantox. Nestor Nestor Diculescu Kingston Petersen and Polenak reportedly advised Sandberg as well.

Nestor Nestor Diculescu Kingston Petersen has successfully represented Romanian electricity distributor ENEL E-Distributie Banat in a tax dispute regarding tax depreciation for transferred fixed assets. 

Providing insights into Nestor Nestor Disculescu Kingston Petersen’s most active practice areas, Partners Ruxandra Bologa and Gabriela Cacerea took a deep dive into the firm’s Corporate/M&A and Energy and Natural Resources practices.

Energy availability prospects, which have unsurprisingly taken center stage and the interest of governments, investors, and organizations across the world, are the strongly dominating priority in Romania, according to NNDKP Senior Partner Adriana Gaspar.

Contributed by Nestor Nestor Diculescu Kingston Petersen.

The long – awaited publication of the amendments to the Government Decision No. 1134/2010 on the approval of the Implementing Regulations of Law 84/1998 on Trademarks and Geographical Indications, republished, (the “Trademarks Regulation”) brought by the Government Decision no. 1197/2022, took place on 7 October 2022, when the amendments also entered into force.

On October 19, 2022, Law 283/2022 was published in the Official Journal of Romania, introducing probably the largest number of changes made to the Labor Code in recent years, including several substantial amendments and additions highly relevant to employers. Thus, employers must take appropriate action to implement, and ensure immediate compliance with, these changes, the law coming into force in 3 days from its publication.

Boyanov & Co has advised BioIVT on its acquisition of Fidelis Research. Divjak Topic Bahtijarevic & Krka, BDK Advokati, Nestor Nestor Diculescu Kingston Petersen, and Kolcuoglu Demirkan Kocakli have advised BioIVT on Croatian, Serbian, Romanian, and Turkish law-related matters, respectively. Hristov & Partners advised Integrity Capital Investments on the sale. Penkov Markov & Partners advised the other sellers.

Nestor Nestor Diculescu Kingston Petersen, working with Wachtell Lipton Rosen & Katz, has advised International Game Technology on the acquisition of iSoftBet. Firon Bar-Nir advised the sellers.

Did You Know that, according to the Activity Rankings function of the CEELMDirect website, Filip & Co. and RTPR have both worked on 16 reported deals so far this year in Romania, putting them in a two-way tie atop the leaderboard in that country?

Some of our day-to-day activities involve conducting legitimate interest assessments. In this context, we have repeatedly dealt with the question “What makes an interest ‘legitimate’?”.

Law 216 of 14 July 2022 amends and supplements Law 85/2014 on insolvency prevention and insolvency proceedings and other legislation. The new law transposes the business prevention mechanisms introduced at European level by Directive 2019/1023.

Nestor Nestor Diculescu Kingston Petersen has advised the Beverage Producers Alliance in setting up a deposit return system for single-use primary packaging – RetuRO – and on its accreditation as the sole administrator of the Romanian system.

If one can indirectly deduce some sensitive characteristics about a person from some general categories of personal data that are being made available through publication, that personal data would qualify as special categories of personal data.

Is it legal to photograph^[1] attendees to an event and then use the photos, for example, for marketing purposes?

Indicating a patent number on the product or, when in the course of issuing such, the “patent pending” indication applied on either the packaging or the product itself, is typically understood in IP terms as “patent marking”. Patent marking is not mandatory in Romania and, in consequence, there is no standard format for the patent marking to be applied on the patented products.