APPEAL
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Banks-Insurance
Bucharest Court Of Appeals Rejects City Insurance Appeal Against Recovery Procedure
Bucharest Court of Appeals has rejected the appeal filed by insurance company City Insurance, owned by businessman Dan Odobescu, against the decision of the Financial Supervisory Authority (ASF) on the start of the financial recovery procedure.
Retail&Consumer
Carrefour Romania Enters Insolvency Proceedings At Supplier’s Request, Appeals Court Ruling
The Bucharest Court of Law has made Carrefour Romania insolvent at the request of one of the company’s suppliers.
Social/Politics
Romanian Anticorruption Prosecutors Appeal Nastase’s Acquittal
Romania’s National Anticorruption Department has appealed the High Court of Justice’s ruling to acquit former prime minister Adrian Nastase of corruption charges.