With a clientele that features leading banks and financial institutions both from the domestic market and from abroad, Nestor Nestor Diculescu Kingston Petersen is often trusted with mandates for high-stakes insolvencies. The team presents broad expertise regarding various stages of financial distress, including preventive concordat, liquidation, and bankruptcy, with notable expertise in debt recovery proceedings. Department head Ana Diculescu-Sova and key member Sorina Olaru specialise in complex dispute resolution, often representing clients before international courts. Other names to note are Emil Bivolaru; Valentin Voinescu, who focuses on debt restructuring; and Alina Radu, a banking and finance law specialist.
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Testimonials
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- Hardworking and innovative.
- They are always helpful and doing their best to win the cases for their client.
- 'They are always helpful and do their best to win the cases for their client.'
Key clients
- Euroins Romania Asigurare-Reasigurare SA
- BRD Group Societe Generale
- MTU Maintenance Lease Services BV
- Electrocentrale Constanta
- Altex Romania SA
- OMV Petrom
Work highlights
Representing EUROINS RO before the Insolvency Division of the Tribunal in the bankruptcy file that was opened based on the decision of the State Authority for Financial Supervision (ASF) to withdraw its functioning authorisation.
Advised BRD – Groupe Societe Generale in relation to a rolling-on portfolio of non-performing loans granted to commercial companies residing in Romania, resulting in currently 670 individual insolvency cases (total value of the portfolio of over EUR 300 million).
Advised Huincas Limited as creditor in an insolvency procedure with EUR 85 million of cumulated debt registered against the estate of the debtor company.
Lawyers
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Practice head
Ana Diculescu-Sova
Other key lawyers
Sorina Olaru; Emil Bivolaru; Valentin Voinescu; Alina Radu