Popovici Nitu Stoica & Asociatii has advised NTT Data on its agreement with the BMW Group to set up a joint venture in Cluj-Napoca to enhance software competencies and foster digital transformation. Nestor Nestor Diculescu Kingston Petersen reportedly advised BMW.
The Debrief: March 2024
In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.
The Corner Office: 2024 Wishes and Perils
In The Corner Office, we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. As we bid farewell to 2023, this time around we turn our attention forward: What is your one main wish for 2024 and what do you see as the biggest potential risk?
Romania: Longstanding Legal Debate Over Improper Bookkeeping Settled by High Court
The Romanian High Court has recently settled a long-standing legal debate over the conditions for holding administrators personally liable in cases of improper bookkeeping of an insolvent company. This issue has been a point of contention within the legal system since 1995, creating divergence in jurisprudence that required resolution.
NNDKP and Tuca Zbarcea & Asociatii Advise on EUR 101.5 Million Financing for RodBun Group
Nestor Nestor Diculescu Kingston Petersen has advised a syndicate of banks on providing a EUR 101.5 million loan facility to the RodBun Group, by refinancing and increasing its existing facilities by EUR 37.14 million. Tuca Zbarcea & Asociatii advised the RodBun Group.
Mergers & Acquisitions and Intellectual Property
In the context of mergers & acquisitions (M&A), Intellectual Property (IP) plays an extremely important role in assessing the value and risks associated with the target company.
Did You Know: The 2023 Lawyer and Firm Leaderboard in Romania
Did you know that, according to the Activity Rankings function of the CEELMDirect website, a total of twenty law firms and seventeen individual lawyers worked on five or more reported Romanian client matters in 2023?
Environmental Protection: Where Do We Stand After 2023?
Looking back at 2023, we witnessed important developments in the legal framework for environmental protection (in the broad sense).
Legislation Elves Busy in Romania: A Buzz Interview with Alina Radu of NNDKP Romania
Over this winter season, Romania has seen substantial legal changes to various aspects of its wider legal framework – from FDI and competition to consumer protection and taxation – according to Nestor Nestor Diculescu Kingston Petersen Partner Alina Radu.
Closing: Sale of Cargo-Partner Subsidiaries to Nippon Express Now Closed
On January 4, 2024, Boyanov & Co announced that the EUR 1.4 billion sale of Cargo-Partner subsidiaries to Nippon Express (reported by CEE Legal Matters on May 17, 2023) had closed.
NNDKP and ZRVP Advise on USD 150 Million Credit Facilities for Alro
Nestor Nestor Diculescu Kingston Petersen has advised a syndicate of banks on the amendment and extension until 2026 of USD 150 million in working capital credit facilities for Alro. Zamfirescu Racoti Vasile & Partners, working with Simmons & Simmons, advised Alro.
New Remedies for Companies in Financial Distress. Brief Considerations on the Restructuring Agreement
In Romania, even the most optimistic estimates show that only a handful of companies (less than 10%) manage to reorganize through insolvency, as previously regulated by Law 85/2006 and then by Law 84/2014 on insolvency prevention and insolvency proceedings (“Law 85/2014”).
BDK Advokati, Dentons, Deloitte Legal, and NNDKP Advise on Invenio and ACP Acquisition of Link Group's Vocational Education Division
BDK Advokati, Dentons, and Nestor Nestor Diculescu Kingston Petersen have advised Invenio Partners on the segmentation – together with Accession Capital Partners – of the vocational education division of the Link Group. The Antonic law firm in cooperation with Deloitte advised the Link Group and its two shareholders on the sale. Gladei & Partners reportedly advised Invenio as well. Schoenherr and Norton Rose Fulbright reportedly advised ACP.
Wolf Theiss Advises CVI on Subscribing Entire EUR 8 Million Bond Issuance by Impact Developer & Contractor
Wolf Theiss has advised CVI on subscribing to all the bonds issued by Romania's Impact Developer & Contractor in a recent corporate note issuance worth EUR 8 million. Nestor Nestor Diculescu Kingston Petersen reportedly advised the issuer.
Textile Waste Management: New EU Rules Proposed
It may come as no surprise to interested parties (such as textile and footwear producers, environmental specialists and activists) that the European Commission has proposed a targeted revision of the Waste Framework Directive to address the issue of textile waste (the “Proposal”).
NNDKP Advises Insight Enterprises on Amdaris Acquisition
Nestor Nestor Diculescu Kingston Petersen, working alongside Armstrong Teasdale, has advised Insight Enterprises on its acquisition of Amdaris.
Hot Practice in Romania: Iurie Cojocaru on NNDKP’s Data Protection Practice
Data Protection is one of Nestor Nestor Diculescu Kingston Petersen’s hottest practices. Partner and Head of Data Protection Iurie Cojocaru explores the roots, the shifts, and the drivers behind this work, and looks to the practice’s future trajectory.
Did You Know: National Champions on 2023 Romanian Leaderboard
Did you know that 10 of the 18 law firms in Romania that have reported four or more client matters so far in 2023 are independent law firms, unaffiliated with international or regional law firms? According to the Activity Rankings function of the CEELMDirect website, that group of domestic Romanian law firms is led by Filip & Company and RTPR, both of which have reported working on 12 client matters so far in 2023.