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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.

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.

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.

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, 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.

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”).

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.

On March 30, 2023, Advocate General Tamara Capeta (AG) delivered her Opinion in the Xella Magyarorszag (C‑106/22) case, concerning the interpretation of Regulation (EU) 2019/452 establishing a framework for the screening of foreign direct investments into the Union (FDI Regulation).

During the Three Seas Initiative annual general meeting in Bucharest in September 2023, Austria's Dorda, Bulgaria's Boyanov & Co., Croatia's Divjak Topic Bahtijarevic & Krka, the Czech Republic's Kocian Solc Balastik, Estonia's Ellex Raidla, Hungary's Lakatos Koves & Partners, Latvia's Ellex Klavins, Lithuania's Ellex Valiunas, Poland's Wardynski and Partners, Romania's Nestor Nestor Diculescu Kingston Petersen, Slovakia's Barger Prekop, and Slovenia's Selih & Partnerji announced they formed the Three Seas Legal Alliance, in recognition of the progress made by the Three Seas Initiative.

PwC Legal Romanian affiliate D&B David si Baias has advised Complexul Energetic Oltenia on selecting the investor-partners for its 1.2-gigawatt decarbonization strategy. Nestor Nestor Diculescu Kingston Petersen reportedly advised OMV Petrom on the partnership for four PV projects. Deloitte Legal affiliate Reff & Associates reportedly advised Tinmar Energy on the partnership for a new gas-fired power plant and four PV parks.

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NNDKP at a Glance

Nestor Nestor Diculescu Kingston Petersen (NNDKP) is a promoter of business law in Romania with more than 30 years of experience, independently acknowledged as a pioneer of the Romanian legal market.

NNDKP offers full-service and integrated legal and tax advice to companies from diverse industry sectors. For the past three decades, NNDKP lawyers have assisted corporations, financial institutions, private equity funds and local entrepreneurs in landmark deals and projects in Romania, contributing to the evolution of the Romanian business environment, including in innovative and niche economic sectors.

NNDKP’s team brings together knowledgeable, talented and dedicated lawyers and tax advisors active in Romania, with an impressive track record that reflects a mix of industry insights, courtroom experience and practical business sense. Over 120 lawyers & tax & IP counsellors and 50+ business support professionals form one of the largest and most respected teams of independent professional services providers in Romania. We are on the ground where needed, working either from our headquarters in Bucharest or from our regional offices in Timisoara and Cluj-Napoca – major cities and important economic, academic and social hubs in Romania.

NNDKP provides assistance in virtually all areas of practice including Advertising, Banking & Finance, Capital Markets, Competition and State Aid, Consumer Protection, Corporate / M&A and Commercial, Data Protection, Dispute Resolution, Employment, Energy and Natural Resources, Environment, EU Law, Gaming, Immigration, Insurance and Private Pensions, Intellectual Property, Pharmaceuticals and Healthcare, Infrastructure, Public Procurement and PPP, Real Estate and Construction, Tax and Telecommunications and Media.

Along the years NNDKP has established strong connections with leading international law firms and high-profile professional networks. NNDKP represents Romania in the prestigious international professional alliances Lex Mundi, World Services Group, International Attorneys Club and is a founding member of SEE Legal.

The firm is constantly top ranked in all practice areas by the renowned international guides Chambers & Partners, Legal500 and IFLR 1000. NNDKP is a 6-time winner of the much-coveted “Romania Law Firm of the Year” award at the Chambers Europe Awards gala, in 2022, 2021, 2017, 2013, 2012 and 2009.

Firm’s website: www.nndkp.ro