NNDKP Assists Impact Developer & Contractor SA in EUR 8 million Corporate Bond Issue
November 2023
Nestor Nestor Diculescu Kingston Petersen (NNDKP) assisted Impact Developer & Contractor SA in connection with a EUR 8 million corporate bond issue. NNDKP was involved in negotiating and concluding the documentation in relation to the bond issue and supported the client throughout the transaction.
The NNDKP team advising on this transaction was led by Alina Radu, Partner and Head of the Banking and Finance practice, who was joined by Alexandru Ciambur, Senior Associate in the same practice.
Impact Developer & Contractor will use the obtained funds to prefinance…
NNDKP Assisted Insight Enterprises in Acquiring Amdaris, a European Technology Company
October 2023
Nestor Nestor Diculescu Kingston Petersen (NNDKP) was part of the international team of advisors that assisted Insight Enterprises, a Fortune 500 Solutions Integrator focused on driving client success through digital transformation, in acquiring Amdaris, a software development and digital services company based in the UK, with service delivery centers located in several Eastern European countries.
As part of the acquisition process, NNDKP assisted the law firm Armstrong Teasdale in London, the European counsel of Insight Enterprises, in carrying out a due diligence check over the…
NNDKP Named Tax Disputes Firm of the Year in Romania by International Tax Review
September 2023
Nestor Nestor Diculescu Kingston Petersen (NNDKP) was named Tax Disputes Firm of the Year in Romania at the 2023 edition of the ITR EMEA Tax Awards organized by the International Tax Review. The 18th edition of the awards acknowledges the innovative approach, performance, and key role played by the strongest tax, tax disputes, and transfer pricing teams of experts across 34 jurisdictions throughout the region in developing the global advisory services market.
The award received by NNDKP is an international recognition of the performance, professionalism, and achievements of NNDKP’s…
NNDKP Has Assisted a Syndicate of Banks in Providing EUR 550 Million in Financing to the Swiss Group Ameropa
August 2023
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…
NNDKP Successfully Finalized Arbitrations Worth over EUR 50 Million
July 2023
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 – an 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).
The…
Romania’s Transgaz Begins Works at EUR 500 Million BRUA-Black Sea Pipeline
June 2023
Romania's natural gas transport system operator Transgaz signed with a Turkish construction company the works commencement order for the execution of the Tuzla-Podisor gas pipeline, a EUR 500 million project aimed to bring natural gas from offshore Black Sea perimeters to the BRUA corridor.
The works commencement order comes three months after Transgaz signed on March 16 the capacity booking contract with OMV Petrom and Romgaz for the entry/exit point of Tuzla, where the natural gas from the Black Sea (Neptun Deep) will enter the national transport system - NTS.
Background information:…
Germany’s Schaeffler Aims to Invest EUR 16 Million to Develop Brasov Plant
June 2023
Schaeffler Romania, the local subsidiary of German group Schaeffler, has for 2023 budgeted over EUR 16 million investments in projects related to production capacity expansion, safety, sustainability and other directions relevant for the development of Brasov plant.
Avesta Battery and Energy Engineering (ABEE) Plans EUR 1.4 Billion E-vehicle Battery Plant in Eastern Romania
May 2023
Belgian company Avesta Battery and Energy Engineering (ABEE) prepares to invest EUR 1.4 billion in Galati, the eastern part of Romania, to build an e-vehicle battery factory. Representatives of the Belgian firm announced that they would have a production capacity of 22 GWh per year and would also develop a unit for recycling electric batteries with a capacity of 50,000 tonnes per year.
Rail-2-Sea and Via Carpatia Projects
May 2023
Rail-2-Sea is one of the Three Seas Initiative’s official priority projects. The railway line will lead from the Port of Gdańsk on Poland’s Baltic Coast to the Romanian Port of Constanta on the Black Sea to increase the speed with which freight moves between the two ports. Passenger traffic will also benefit from the project.
The initial stretch will feature a single railway line through Poland, Slovakia, and Hungary. The railway will fork out into four branches passing through different large cities before all uniting again, passing through the capital city Bucharest and reaching…
NNDKP Obtains the Annulment of the Fine Imposed by the Competition Council on a Major Food Supplier
May 2023
NNDKP successfully represented a major local food supplier in connection with the annulment of the fine imposed by the Competition Council following an investigation initiated in 2009 for alleged anti-competitive agreements between several suppliers and retailers operating in the domestic market.
The NNDKP team representing the client in this dispute was led by Sorina Olaru (Partner) and included Daniela Savin (Managing Associate) and Andreea Ciubotaru (Associate), from the Dispute Resolution practice, as well as Anca Diaconu (Partner), from the firm’s Competition, State Aid…
SEE Legal Members Assist NIPPON EXPRESS HOLDINGS, Inc. in Acquiring the Shares of the Multiple Subsidiaries of Cargo-Partner Group Holding AG
May 2023
POLENAK Law Firm, NNDKP, and SELIH & Partnerji were part of the international team of advisors that assisted NIPPON EXPRESS HOLDINGS, Inc., one of the world’s leading logistics companies, in acquiring the shares of the multiple subsidiaries of Cargo-Partner Group Holding AG (Cargo-Partner), which provides global logistics services through its main business sites in Central and Eastern Europe.
POLENAK Law Firm advised Nippon Express Holding Inc. on FDI reporting requirements. The team included Kristijan Polenak, Managing partner, and Tatjana Shishkovska, Partner.
NNDKP advised…
NNDKP Assists CANCOM SE in the Acquisition of K-Businesscom-Group, with Operations in Romania
May 2023
Nestor Nestor Diculescu Kingston Petersen (NNDKP) was part of the international team of advisors that assisted CANCOM SE, one of the leading integrated IT service providers in Germany, in the acquisition of K-Businesscom-Group and all its subsidiaries, Austria’s leading provider of IT&C solutions and services. The transaction will result in the creation of one of the largest IT corporations in the DACH region.
The legal assistance provided by NNDKP consisted in conducting due diligence on K-Businesscom-Group’s subsidiary in Romania and its operations on the local market. NNDKP…
