NNDKP Assisted MedLife in Increasing its Syndicated Loan by EUR 50 Million
April 2025
Our member firm Nestor Nestor Diculescu Kingston Petersen (NNDKP) assisted MedLife, the largest private healthcare network in Romania and the only company with Romanian capital listed on the Stock Exchange, in increasing its syndicated loan by up to EUR 50 million, thus reaching a total of EUR 330 million.
The syndicate of banks that granted the loan includes Banca Comercială Română (BCR), Raiffeisen Bank, BRD Groupe Société Générale, Banca Transilvania and ING Bank N.V. Amsterdam Bucharest Branch.
MedLife will use the new funds to complete its ongoing projects and to continue…
NNDKP Assisted Gránit Asset Management in the EUR 52 Million Acquisition of Equilibrium 1 Office Building
April 2025
Our member firm Nestor Nestor Diculescu Kingston Petersen (NNDKP) assisted Grodiusz Private Equity Fund, an investment fund managed by the Hungarian company Gránit Asset Management, in the acquisition of Equilibrium 1 office building from Skanska Commercial Development, one of the largest developers of commercial and residential projects, in a EUR 52 million transaction.
Gránit Asset Management, a Hungarian institutional investor managing 24 investment funds, including the third largest retail fund in Hungary, integrates real estate, capital markets and private equity expertise into…
NNDKP Celebrates 35 Years of Activity
March 2025
Our Romanian member firm Nestor Nestor Diculescu Kingston Petersen (NNDKP) celebrates 35 years of activity, an important milestone in the firm’s history, which is recognised today as a promoter of business law in Romania and a leader in the legal consultancy services market.
The beginnings of NNDKP date back to 1990, when Ion and Manuela Nestor founded a legal consulting firm focused on the business sector. After five years, in 1995, the firm merged with Kingston & Petersen, resulting in Nestor Nestor Kingston Petersen (NNDKP). In 2001, NNDKP joined forces with an emblematic…
NNDKP Promotes 12 Lawyers and Consultants in the Latest Round of Promotions
March 2025
Our member firm Nestor Nestor Diculescu Kingston Petersen (NNDKP) promotes 11 lawyers and one tax consultant in 2025, bolstering five key practice areas within the firm.
Seven lawyers are promoted to senior managing associate positions, two lawyers are promoted to managing associate roles, and two other lawyers are named senior associates. Furthermore, one tax consultant is promoted to Senior Tax Manager and other nine lawyers take a step forward in their careers.
During this round of promotions, Cristina Bidiga (Cluj-Napoca office), Ioana Cioclei (Dispute Resolution), Emanuel Flechea…
A Year in Review – The Activity of the National Environment Guard in 2024
January 2025
Madalina Vasile, Managing Associate (Head of the Environment Practice), and Teodora Roman, Associate
Nestor Nestor Diculescu Kingston Petersen
On January 21, 2025, the National Environment Guard („NEG”) published a press release¹ on the institution’s activity report for 2024.
The press release of NEG included, among other things, a retrospective of its inspection and control activities, the key areas subject to verification, an analysis of trends compared to the previous year, as well as the outlook for 2025.
Statistics for inspection and control activities
In…
Romanian DPA Activity Report for 2023
December 2024
Our member firm, Nestor Nestor Diculescu Kingston Petersen, has recently issued the Romanian Data Protection Assessment Activity Report for 2023.
The firm's data protection specialists examined the report and prepared a summary in which they:
analyse five significant cases investigated by the Romanian DPA;
present the most frequent cases of complaints, notices, and notified data breaches;
compare the key numbers that reflect the DPA's activity in 2023 with those from the previous year.
The full publication is available here.
NNDKP Wins a Landmark Customs Dispute
November 2024
Our member firm, Nestor Nestor Diculescu Kingston Petersen, has secured a final favourable decision for an important manufacturer of components for automotive safety systems, in a customs dispute. The final decision issued by the Timisoara Court of Appeal confirms the company’s right to recover the customs duties paid based on incorrect customs declarations, marking a significant benchmark in the legal field.
The decision shows that customs duties can be reimbursed even if the goods are not physically available at the time of the claim, if there is conclusive evidence establishing…
NNDKP Obtains a New Court Decision Recognising the Right to Deduct VAT on Investment Expenses in Case of Project Abandonment
November 2024
Our member NNDKP's Center of Excellence in Fiscal Disputes (NNDKP CELF) has successfully represented a client in maintaining the recognition, through a final court decision, of the right to deduct VAT on expenses incurred for investments necessary to start or continue certain real estate projects that were ultimately not completed.
In this case, the taxpayer, a real estate developer, intended to start two real estate projects on the land they owned. The first project was not completed due to a legal dispute that prevented the start of construction. After the legal matter was resolved,…
NNDKP Assisted AAylex One in Connection with a EUR 20 Million Financing Provided by CEC Bank S.A. and Alpha Bank Romania S.A.
August 2024
NNDKP has assisted AAylex One, one of the leading players in the Romanian food industry and the producer of the Cocorico brand in connection with a EUR 20 million loan facility granted by a syndicate of banks. The syndicate of banks included CEC Bank S.A. and Alpha Bank Romania S.A., the facility granted is secured by a guarantee issued by Exim Banca Romaneasca in the name and on behalf of the State.
NNDKP continues to support AAylex One, advising this client in a new financing project on complex aspects related to the structuring, drafting and negotiation of the finance documents…
NNDKP Assists Globant with the Merger of two Romanian Subsidiaries
August 2024
NNDKP has recently advised Globant, an IT and software development company present in 33 countries with more than 29,000 employees worldwide, throughout the entire process of merging two Romanian subsidiaries – Pentalog Romania S.R.L. and Pentalog HR Romania S.R.L. The transaction was part of a global reorganization process that Globant designed in order to continue and accelerate its expansion worldwide, including in Romania.
NNDKP provided comprehensive legal assistance and strategic legal guidance from a corporate perspective in all stages of the merger, as well as counseling…
NNDKP Part of the International Legal Team Advising Mengtai Group on the Acquisition of Alu Menziken Group
June 2024
Nestor Nestor Diculescu Kingston Petersen (NNDKP) was part of the international team of advisors that assisted the Chinese Inner Mongolia Mengtai Group Co., Ltd. with the acquisition of the Alu Menziken Group from Montana Aerospace AG.
NNDKP provided legal assistance in the Romanian jurisdiction. The project was coordinated by the German law firm HEUKING, which acted as lead counsel in the transaction and coordinated local counsel in Switzerland, Austria and Romania.
Alu Menziken is an established manufacturer of lightweight components from aluminum, including solutions for e-battery…
NNDKP Assisted CTP in Acquiring Globalworth’s Fully Owned Logistics Portfolio
May 2024
Nestor Nestor Diculescu Kingston Petersen (NNDKP) has assisted CTP, Europe’s largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), in acquiring the logistics portfolio fully owned by Globalworth, the largest office investor in CEE, with leading positions in Romania and Poland.
The portfolio, comprised of 270,000 sqm GLA and 30ha landbank, includes six industrial parks and other complementary facilities in six key locations in Romania, including Bucharest, Arad, Pitesti, Oradea and Timisoara.
Following this acquisition CTP…
