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GAR 100 - 4th Edition

Nestor Nestor Diculescu Kingston Petersen SCA

18 February 2011

New in 2011. Nestor Nestor is regularly ranked by legal directories as a top-tier firm for dispute resolution in Romania, with practice head Ana Diculescu-Sova and partner Simona Neagu singled out as effective advocates.

Pending cases as counsel:
12
Value of pending counsel work:
US$1 billion
Treaty cases:
1
No. of lawyers sitting as arbitrator:
1

The practice's roots extend to the communist era when the father of one of the firm's founders helped establish the first institutional arbitration body - known as the 1953 committee. It was attached to the Romanian Chamber of Commerce. The faith in arbitration that that committee helped to create has led to widespread use of arbitration by Romanian businesses and a number of more modern arbitral bodies to meet that demand, of which the Court of International Commercial Arbitration – at the Chamber of Commerce and Industry of Romania is perhaps the best konwn. Its current president, Viorel Mihai Ciobanu, is counsel at Nestor Nestor. Ciobanu, a former constitutional court judge and a professor at the University of Bucharest, joined the firm in 2008. Another recent addition is partner Sorina Cretu, a lateral hire from Stoica & Asociatii (one of its few serious rivals in the local market).

The firm has one investment treaty claim on the go, acting alongside Freshfields on behalf of the Romanian government in the long-running Micula state aid case at ICSID, where the damages claimed are more than €500 million. Otherwise, its work is mostly contract-based, with clients including energy producer Electrocentrale Bucuresti, investment fund Bluehouse Capital, Dutch consultancy Vapro, and US construction group Bechtel. In a notable win in 2008, Sorina Cretu successfully defended British engineering group JacobsGibb against a motorway repair claim by a Romanian state entity.

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