GDPR - 4-year Anniversary: NNDKP's Top Picks of Past and Upcoming Judgements of the Court of Justice of the European Union

June 2022 NNDKP's top 4 judgements of the Court of Justice of the European Union 1. Judgement of 5 June 2018 – Case C-210/16 – Wirtschaftsakademie Schleswig-Holstein (Facebook Fan Page Case)  What the Court mainly said: The CJEU held that two persons may stand as joint controllers even if there is no identity between their means and purposes of data processing. Thus, according to the Court, the administrator of a fan page hosted on Facebook contributes to determining, jointly with Facebook, the purposes and means of processing the personal data of the visitors to the fan page.…

One United Properties Plans EUR 234 Million Investment in 2022

May 2022 One United Properties, a major Romanian real estate company, plans to invest EUR 234 million in the expansion of the local market. The company has 4 residential and 2 retail projects under development, with new projects being planned. In the first nine months of 2021, One United Properties posted a turnover of approx. EUR 127 million and a profit of approx. EUR 48 million.

NNDKP Assists Marcos Provit in Connection with the Issuance of Corporate Bonds

May 2022 NNDKP assisted Marcos Provit, a local pharmaceutical services network, in issuing cross-border corporate bonds worth 8.5 million euros through private placement, under the coordination of the Polish private debt fund CVI. The transaction aims at the strategic development of the company by ensuring the financing for potential acquisitions. NNDKP was involved in the structuring, negotiation, and conclusion of the related documentation and provided assistance to the client throughout the transaction. “Special thanks to our legal advisors at Nestor Nestor Diculescu Kingston Petersen…

NNDKP wins for the 6th time the much-coveted Law Firm of the Year award for Romania at the Chambers Europe Awards gala

Bucharest, 27 April 2022: Nestor Nestor Diculescu Kingston Petersen (NNDKP) won the “Romania Law Firm of the Year” award at the Chambers Europe Awards gala, a hallmark event organised on 22 April 2022, by Chambers and Partners, one of the most prestigious directories dedicated to the legal services market. This is the 6th time NNDKP has received this much-coveted award, within a 13-year time span since Chambers and Partners started awarding this distinction to Romanian law firms. This is also the second time NNDKP received this distinction for two years in a row (in 2022 and 2021, and 2013…

CA Immo Plans to Sell Its Portfolio in Romania

January 2022 CA Immo, an Austrian real estate company, plans to sell its portfolio of buildings in Romania, comprised of 7 office projects in Bucharest. The total value of the portfolio is EUR 389 million, with a leasable area of 165,000 sqm. 

Romania Plans to Invest Over EUR 16 Billion for the Development of the Energy Sector

January 2022 In the context of the 2021-2030 Integrated National Energy and Climate Plan, the Romanian state will invest EUR 16 billion, granted by the EU. The investments will be focused on energy efficiency, renewable energy, reducing greenhouse emissions. Some of the measures include the development of a nuclear programme, modernisation of Oltenia and Hunedoara Energy Complexes, investments by the state-owned companies Hidroelectrica and Romgaz.

NNDKP Assists Tech Mahindra in the Acquisition of the Allyis Group

January 2022 NNDKP assisted Tech Mahindra, a leading provider of digital transformation, consulting, and business re-engineering services, in a multi-jurisdictional transaction, regarding the acquisition of the Allyis group. The total value of the transaction is estimated at USD 125 million. NNDKP provided assistance on the Romanian law aspects regarding the local entity and was involved in all stages of the project, including in the due diligence analysis and various other aspects relevant to the project, in the review and negotiation of the relevant documents from a Romanian law perspective,…

Sale of Prutul Galati

January 2022 Marian Andreev, a Romanian entrepreneur and the owner of Prutul Galati, a major Romanian manufacturer of vegetable oil, is planning to sell the company. In 2020, Prutul Galati had a turnover of EUR 131 million and a profit of EUR 3.2 million.

Dedeman Plans to Expand Abroad

December 2021 Dedeman, the leading DIY retail chain in Romania, owned by Romanian entrepreneurs Paval brothers, is exploring the option of entering markets outside Romania, in the Balkans and CEE areas, with Serbia being mentioned as one of the target markets.

Infrastructure Projects

December 2021  The National Recovery and Resilience Plan (PNRR), prepared by the Romanian Government, covers reforms and public investment projects, supported by the European Commission. According to the Recovery and Resilience Facility, Romania will get approximately EUR 30 billion. In the road infrastructure field, in the proposed PNRR, Romania will allocate EUR 2.69 billion for various projects, including: Highways: A1 – section Margina – Holdea; total value of the project: EUR 302 million; A3 – section Nadaselu – Poarta Salajului; total value of the project: EUR 418 million; A8…

Sale of a Large Land Near Bucharest

December 2021 Three entrepreneurs in the real estate field, Dan Pascariu, Adrian Tofan, and Matthew Proskine, plan to sell 38 ha of land located in Popesti-Leordeni, a satellite town of Bucharest. The land is valued at approx. EUR 38.6 million.

NNDKP Аssists Safety Broker in the Sale of an 80% Сtake to Unilink

December 2021 NNDKP has assisted Safety Broker, the largest independent insurance broker operating in Romania and in the Republic of Moldova, in the sale of 80% of the company’s shares to the Unilink group, leader on the relevant Polish market. Following the closing of the transaction, the minority stake will be held by Viorel Vasile (15% of shares), who will continue to act as CEO of the company and as a member of the board, and by Robert Niță (5% of shares), who will also continue to be on the board of the company. This transaction is part of the long-term development strategy of Safety…