First GDPR Fines in Romania

NNDKP's head of the Data Protection practice, Roxana Ionescu, published two articles in relation to the first two fines notified by the Romanian Data Protection Authority (DPA). In applying its first fine, the Romanian DPA has reinforced its past practice on minimising the processing of personal numeric codes (equivalent to social security numbers) while making use of new concepts under the General Data Protection Regulation, like the accountability principle and data protection by design and by default. The second fine was imposed due to a data breach.

NNDKP Assisted CTP in the Acquisition of the Logistics Park A1 Bucharest Park

NNDKP assisted CTP, the largest developer and long-term manager of industrial and logistics parks in Romania and Central and Eastern Europe in the transaction that involved the acquisition of the logistics park A1 Bucharest Park, located at km 13 on the A1 highway, which was previously owned by Vabeld Group. The logistics project comprises nine logistics buildings with a leasable area of 78,000 sqm. The transaction is valued at EUR 40 million.

NNDKP Assists Globalworth in Developing the New Logistics Project in Chitila

NNDKP has assisted Globalworth, the largest office investor in Romania and Poland, in the transaction targeting the partnership with Global Vision, one of the largest construction and industrial parks management company in Romania, in the development of a logistic project in Chitila (Ilfov County) on a 136.000-sqm land. The logistics project will be built on an investment of EUR 35.5 million. Moreover, the project also marks the launching of the Global Logistics brand, a platform that incorporates all the industrial and logistics Globalworth projects.

NNDKP Involved in a Contemplated Project on the Romanian Capital Markets

Norofert Group, the leading Romanian producer of organic agricultural products, announces its intention to list on the AeRO market of the Bucharest Stock Exchange in the second quarter of 2019.  This is an example of a project where clients benefit from the NNDKP and Cornerstone Communications alliance, with NNDKP assisting Norofert Group in preparing the corporate structure for listing as well as assuring the legal and tax audit, and Cornerstone Communications being the company’s investor relations adviser.

NNDKP Announces the Official Formation of the Center for Excellency in Fiscal Disputes (NNDKP CELF)

Nestor Nestor Diculescu Kingston Petersen announces the official formation of the “Center for Excellency in Fiscal Disputes” (in Romanian NNDKP CELF), an NNDKP initiative that is the reflection of the intensive professional and scientific collaboration of over 10 years between the company’s dispute resolution and tax advisory teams.

Romania – Top-scoring Investment Destination among its Peers

Romania is a growing economy with key offerings including a significant market (the second largest in CEE), EU-shaped legislation, NATO membership, and a well-educated workforce in a hospitable and resource-rich and geographically privileged location at the crossroads between Europe and Asia. To give investors a quick understanding of the local legislation impacting doing business in Romania, NNDKP lawyers and consultants prepared a digest covering legal and tax implications to be considered when entering or enhancing an already existing presence on the domestic market.

Promotions at NNDKP

Nestor Nestor Diculescu Kingston Petersen announced its 2019 promotions. Roxana Abrasu (Employment) and Sandor Gal (NNDKP Brasov) were promoted to Managing Associate positions. Emanuel Bondalici (Dispute Resolution), Mihaela Ceausescu (Dispute Resolution), Tudor Ciambur (Real Estate), Raluca Gabor (Corporate/M&A), Ion Loga (Timisoara office), Vlad Nicolae (Dispute Resolution) and Ionut Stancu (Employment) were promoted to Senior Associate positions. Mihai Serbu (Tax Advisory Services) was promoted to the position of Tax Manager. Currently, the NNDKP team comprises 32 partners,…

The Joint Venture and the Insolvency of the Leader

In this article, NNDKP Partner Radu Damaschin discusses the concepts of joint venture and insolvency under Romanian Law.

NNDKP at Outlook 2019: Europe & CEE

On 21 February 2019, NNDKP will be at the Outlook 2019: Europe & CEE, a real estate conference organised in Bucharest by Reed MIDEM in association with MIPIM, the creator of the world’s leading real estate event, and Investment Briefings, a media company focused on real estate investment and market trends. NNDKP is the hosting partner of the event. The conference will focus on the investment opportunities in 2019 in Central and Eastern Europe in terms of real estate.  A NNDKP Partner, Lavinia Ionita Rasmussen will be a speaker at the event.

NNDKP at ZF Power Summit 2019

Between 19-20 February 2019, NNDKP will be at ZF Power Summit 2019, organised by Ziarul Financiar in Bucharest. The 8th edition of the summit will focus on the latest fiscal changes and the necessary investments in the energy sector. NNDKP’s Partners and co-heads of the Energy and Natural Resources practice, Gabriela Cacerea and Ruxandra Bologa will be speakers at the event.

NNDKP Tax Advisory Services at Tax EU Forum 2019

Between 14 and 15 February 2019, NNDKP Tax Advisory Services will be at Tax EU Forum, organised by Evensys in Bucharest.

NNDKP – IP Firm of the Year 2019 at the First Edition of the Global IP Awards

Nestor Nestor Diculescu Kingston Petersen (NNDKP) received the distinction "Intellectual Property Firm of the Year in Romania" at the Global IP Awards inaugural gala organised by the international publications Intellectual Asset Management (IAM) and World Trademark Review (WTR) in London on 29 January 2019. Ana-Maria Baciu, partner and head of the firm’s IP practice, accepted the award on behalf of NNDKP and stated: "We are very pleased to win this award for Romania from the very first edition of this gala. This reinforces once again the constant efforts of our team and constitutes a recognition…