Nestor Nestor Diculescu Kingston Petersen

The Ordinance Proving a Moratorium on Loan Installments has been Enacted by the Government
Nestor Nestor Diculescu Kingston Petersen, April 2020

The ordinance proving a moratorium on loan installments has been enacted by the Government, and so has been competing legislation by Parliament, causing more instability. There are many uncertainties, the biggest being whether the Ordinance will remain in force at all – the Parliament has already adopted its replacement which is currently in its promulgation stage...

A New Wave of Insolvencies? Possible Preventive Restructuring Measures in the Implementation of the European Directive on Preventive Restructuring
Nestor Nestor Diculescu Kingston Petersen, April 2020

This legal analysis focuses on the typical case of a company that although it is not directly targeted by the measures established in order to prevent the spreading of the novel coronavirus, it still registers a decrease of demand, of the level of proceeds and of the production of goods and services...

Impact of COVID-19 on Holding the General Shareholders Meetings
Nestor Nestor Diculescu Kingston Petersen, March 2020

March and April are the months during which companies generally hold their annual general meeting of shareholders (GMS) having on the agenda the approval of the financial statements, of the budget and of the business plan. The annual GMS is particularly important as it gives the opportunity for shareholders to meet and discuss directly with the management and the other shareholders on the past and future activity of the company...