Nestor Nestor Diculescu Kingston Petersen announced that the High Court of Cassation and Justice rendered another decision in favor of a large Romanian bank in the disputes initiated by the bank’s clients seeking to impose their own mechanism for calculating the interest.
The Bucharest Court of Appeals has annulled the Competition Council’s decision to impose a fine on a large pensions fund for breach of competition rules, ending a dispute which started in 2010. It was the first instance where the competition authority found a breach not only of the Competition Law, but also of the Treaty on the Functioning of the European Union.
Our colleague, Mihaela Grigore, took part this month in the first edition of Transmaraton Romania, a 22 km race on the Transfagarasan. The event was organized by a major leasing company in support of the humanitarian campaigns of two large non-profit organizations.
Nestor Nestor Diculescu Kingston Petersen announced that over the past eight years 150 students took part in the internships offered by the law firm, of which 36 joined the firm in a permanent position.
Nestor Nestor Diculescu Kingston Petersen announced that the Competition Council decided to close the investigation started in 2007 regarding the management fees on the market of mandatory private pensions fund management.
Nestor Nestor Diculescu Kingston Petersen announced that the Competition Council decided to close the investigation started in 2007 regarding the management fees on the market of mandatory private pensions fund management.
Nestor Nestor Diculescu Kingston Petersen (NNDKP) represented a major Romanian bank before the European Court of Justice (ECJ) in Luxembourg. The ECJ was notified pursuant to the request of Calarasi Ordinary Court in a case having as subject matter the counterclaim filed by the bank against a sanctioning minutes under GEO 50/2010 regarding consumer credits.
Nestor Nestor Diculescu Kingston Petersen assisted a major Swiss media company in the acquisition of the majority stock in a local company managing a large Romanian recruitment website.
The secondary public offer having as object the sale by M.E.C.M.A. through O.P.S.P.I. of a number of 10,995,472 shares, representing 15% of the total number of shares issued by C.N.T.E.E. Transelectrica was successfully concluded, by the oversubscription of the shares offered for sale.
Nestor Nestor Diculescu Kingston Petersen has successfully represented a large local pharmaceutical services company in the investigation conducted by the Competition Council with respect to the decision of the members of ADMR and ADID (the Association of Distributors and Importers of Drugs) to suspend the deliveries of medicines to pharmacies and hospitals. The decision of the members of the two associations was determined by the fact that the Ministry of Health has not updated the exchange rates within the price structure for 18 months (given the depreciation by 18% of the RON compared to the EUR), counting on the social pressure upon the distributors.
