On March 16, 2023, Chambers & Partners released the results of its 2022 European research, a benchmark when it comes to recognizing prominent law firms and leading legal practitioners in the region.
Nestor Nestor Diculescu Kingston Petersen (NNDKP) has assisted OTP Bank Romania and OTP Group in a EUR 57.80 million financing for Exigent Property Investment SRL to fund the development of phase 5 of Exigent Plaza Residence, the largest residential project in Bucharest, located in Militari area.
NNDKP has been shortlisted for the 2022 CEE Deals of the Year Awards by CEE Legal Matters.
Nestor Nestor Diculescu Kingston Petersen (NNDKP) announces new promotions for 2023:
The NNDKP Center of Excellence in Fiscal Disputes (NNDKP CELF) has launched together with Oameni si Companii – OSC the CELF community, which is designed to provide a forum for debate for specialists in the legal and finance departments of companies, top executives and entrepreneurs.
NNDKP has been shortlisted once again for the “Romania Law Firm of the Year” award by Chambers Europe.
The Bucharest Court of Appeals has recently decided to refer several questions to the Court of Justice of the European Union for a preliminary ruling on the interpretation of the EU law to clarify the lawfulness of the electrical energy production surcharge imposed by Law 259/2021. The request came from a company operating in the renewable energy sector, represented by Nestor Nestor Diculescu Kingston Petersen (NNDKP). Additionally, the Bucharest Court of Appeals referred to the Constitutional Court an objection of unlawfulness relating to the same legal provisions on the surcharge imposed for electrical energy production.
2022 was packed with challenges, but as the year-end draws closer, we realize that these have only made us stronger and more determined. Our team had a professionally rewarding year, and we are thankful for their exceptional work and strong commitment towards our clients. Also, we are grateful to our clients for all the opportunities to work together and to bring their projects to fruition.
Nestor Nestor Diculescu Kingston Petersen (NNDKP) successfully represented ENEL (E-Distributie Banat) in a complex tax dispute relating to the possibility of the taxpayer deducting the value of tax depreciation for tangible assets (electricity grid connectors) acquired from the company’s clients through transfer, for the calculation of corporate income tax. Initially, tax authorities rejected this possibility based on the way in which the company acquired the connectors (free of charge) and considering the existence of accounting depreciation rules different from the tax depreciation rules that were used.
Nestor Nestor Diculescu Kingston Petersen (NNDKP) successfully assisted International Game Technology PLC (IGT), one of the global leaders in gaming, in a multi-jurisdictional transaction for the acquisition of iSoftBet, an online games supplier and content aggregator. The transaction included the jurisdictions of Cyprus, the Czech Republic, Malta, Romania and the UK and the total deal value amounted to approximately EUR 160 million.
