01
Thu, May
44 New Articles

Romania is accelerating its transition to renewable energy, aiming to expand wind and solar power as key components of its energy mix. In 2024, several new regulations were introduced to incentivize private investment and streamline project approvals, fostering a more attractive environment for green energy development.

The Romanian competition landscape has constantly been at the intersection of significant investment activity and intense regulatory enforcement.

Nestor Nestor Diculescu Kingston Petersen has assisted MedLife on increasing its syndicated loan by EUR 50 million, reaching a total financing amount of EUR 330 million. Legal Ground advised the banking syndicate involved.

PeliPartners has advised the Swedish Skanska Group on the EUR 52 million sale of the Equilibrium 1 office building in Bucharest. Nestor Nestor Diculescu Kingston Petersen advised Granit Asset Management-managed investment fund Grodiusz Private Equity Fund on the buy-side.

Architecture is one of the fields that have a creative dimension, including a scientific side, as well as a cultural-artistic one, making the architect a real artist whose works are protected by intellectual property laws. Thus, Intellectual Property Rights (IPRs) play a pivotal role, as they protect the unique creations and concepts of architects in a landscape that is often competitive and innovative.

Intellectual property rights (IPRs) such as trademarks, patents, and designs, help small and medium-sized enterprises (SMEs) to expand their business and stand out from competitors, protecting their creations and developments, and making it easier to grow through innovation and creativity.

If your company sells products that contain, have been fed with or have been made using cattle, cocoa, coffee, oil palm, rubber, soya or wood, then your company should most likely start preparing for compliance with the EU Deforestation Regulation[1]. The same applies if others in your company's supply chain produce or sell these commodities or related products.

As artificial intelligence (“AI”) technology develops, its capacity to create original works in a wide variety of fields such as literature, music, mass – media, complex art, and even software has become more apparent. This remarkable ability raises significant questions on whether these works may be protected by copyright, and the broader implications for both creators and consumers.

On January 16, 2025, competition experts from Moldova, North Macedonia, and Romania, sat down for a virtual round table moderated by CEE Legal Matters Managing Editor Radu Cotarcea to discuss the evolving role of the regulatory authorities in their countries.

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 acquisition by a joint-stock company of its own shares, also known as share buy-back, is permitted under Romanian law, as provided by Articles 103 – 109 of the Companies Law no. 31/1990 (“Companies Law”). The operation is, however, limited by certain conditions, based on reasons such as the goal to avoid speculation by the company on the price of its own shares or the difficulty to accept that the company can be, at the same time, a shareholder (being thus both debtor and creditor)[1].

The way in which resolutions are adopted in limited liability companies (“LLC”) with a sole shareholder who is a legal person, has given rise, in practice, to contradictory views, underscoring several relevant legal aspects. We will explore below some of these aspects.

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.

Startups are newly established companies usually founded by entrepreneurs who develop a product, service, or business model with the aim of solving a specific problem or addressing a gap in the market. These companies usually start with limited revenue, and they are looking after angel investors, venture capitalists or especially allocated funds for startups.

Page 1 of 3

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