After lengthy debates in the Parliament, the new Social Dialogue Law, i.e. Law no. 367/2022 was published in the Official Gazette no. 1238/2022 on December 22, 2022, the lawmakers opting to expressly repeal the “famous” Law no. 62/2011 with the entry into force of the new legislative framework, which is not at all surprising considering the many changes brought on by the new law. Law no. 367/2022 entered into force on 25 December 2022, imposing new obligations on many Romanian employers, as outlined below. We will refer first to what is arguably the most frequent form of representation, namely the “employees’ representatives”...
Nestor Nestor Diculescu Kingston Petersen (NNDKP) is a promoter of business law in Romania.
NNDKP is independently acknowledged as a pioneer provider of integrated legal & tax services on the local market.
For over 30 years, corporations, financial institutions, private equity funds and entrepreneurs from diverse industries, including innovative and niche sectors, have provided us the opportunity to work together on both landmark transactions and projects that have contributed to the evolution of the local business environment. We have also provided strategic legal and tax advice on regular operations, helping clients move forward with their business initiatives.
NNDKP team brings together knowledgeable, talented and dedicated lawyers and tax advisors active in Romania, with proven results that reflect a mix of industry insights, courtroom experience and practical business sense. Over 120 lawyers & tax & IP counsellors working in Bucharest, Cluj-Napoca and Timisoara form one of the largest and most respected teams of independent professional services providers in Romania.
To continuously add value to the services that would benefit our clients, NNDKP has established strong connections with leading international law firms and high-profile professional networks such as Lex Mundi, World Services Group, International Attorneys Club and SEE Legal. We are also actively involved in professional organisations dedicated to specific practice areas (such as competition, energy and labour law). On the domestic front, NNDKP has formed alliances with non-legal advisers with deep knowledge of the Romanian market such as Transfer Pricing SRL (TPS), Cornerstone Communications and Concilium Consulting, to help clients pursue their business interests including outside the legal spectrum.
Committed to constant advancement and enhanced performance, NNDKP formalized in 2019 its Center of Excellence in Fiscal Disputes (or NNDKP CELF), an initiative built with the aim to provide clients access to highly specialized advice and best practices in fiscal disputes. Through NNDKP CELF, local and international companies as well as entrepreneurs benefit from integrated legal and tax services throughout all stages of a fiscal dispute.
NNDKP has maintained outstanding rankings in worldï¿½s leading publications like Chambers and Partners, The Legal 500 and IFLR 1000, since the beginning of their research in Romania. NNDKP is also a 5-time winner of the ï¿½Law firm of the year in Romaniaï¿½ award by Chambers Europe.
Today, NNDKP is an entrepreneurial success story whose narrative thread follows natural evolution, adapted to the dynamics of the Romanian business environment.
For more details about our offering and thinking, please access www.nndkp.ro.
Year this Office was Established: 1990
Lawyers Worldwide: 130
Areas of Practice
Background Ukrainian citizens fleeing their homeland due to the ongoing crisis are welcome to Romania, where they will receive protection and necessary support. During their stay in Romania, accommodation, food and medical services are accessible for Ukrainians seeking safety from the ongoing military invasion, as a result of a combined effort of the authorities and unrivalled mobilization of private entities and the civil society. For those who envisage a longer stay in the country, Romania has opened its legal framework to provide a customized response to matters of primary interest such as documentation, asylum, healthcare, working and residence...
Nestor Nestor Diculescu Kingston Petersen (NNDKP) has assisted a syndicate of banks in providing EUR 550 million in financing to the Swiss group Ameropa, which owns some of the largest local agribusiness companies - Azomures, Romania's largest fertilizer producer, Ameropa Grains SA, a major grain trader, and Chimpex, a leader in port operations. The syndicate of banks consisted of Banca Comercială Română SA, Raiffeisen Bank SA, ING Bank Romania, Unicredit Bank SA, Alpha Bank Romania SA, Banca Transilvania SA, BRD Groupe Societe Generale SA, Banca Comercială Intesa Sanpaolo Romania SA and GarantiBank International N.V...
NNDKP has successfully finalized the two successive arbitration cases related to the design and execution of one of the four sections of the Sebes-Turda motorway. These arbitrations, which started in 2017 and 2019, respectively, and spanned more than 3 years each, were related to the claims raised by the Contractor – extension of time, additional costs, loss of profit and interest having an aggregate value of over EUR 50 million, arising in connection with the performance of the same administrative contract drafted based on the FIDIC Yellow Book (1999) rules (design and build)...