AVAS
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AVAS Claims $8.7M From Musat & Asociatii In Noble Ventures Case
Romania’s privatization authority AAAS, former AVAS, has filed legal action against Musat & Asociatii claiming $8.7 million from the law firm, arguing the latter failed to meet all its obligations in a dispute with U.S. group Noble Ventures.
Romanian Privatization Authority Eyes Shares Swap With SIFs For Portoflio Optimization
Romania’s privatization authority AVAS will elaborate the legislative framework enabling the exchange of minority stakes in companies that both AVAS and the regional investment funds have in...
Privatization Authority’s Portfolio Includes 641 Firms, Most Of Them Insolvent
Romania’s privatization authority AVAS has 641 firms in its portfolio and most of them are insolvent or undergoing liquidation (300) and dissolution (15).
Premier Names Adrian Volintiru As AVAS Head Instead Of Marius Lucian Obreja
Premier Victor Ponta replaced Friday Marius Lucian Obreja from the position of president of the Romanian Privatization Authority AVAS with Adrian Volintiru, former manager with Rompetrol, Re...
Oltchim May Hike Share Capital By RON2B
Romania’s chemical producer Oltchim Ramnicu Valcea (OLT.RO) may hike its share capital by 2.059 billion lei (EUR4.5 million) utmost, to RON2.093 billion, through the conversion into shares o...
AVAS Asks Government Input In Fortus Iasi Bankruptcy Issue
Romanian Privatization Authority AVAS Monday asked Premier Victor Ponta to agree upon taking over the receivables of the country’s tax authority ANAF at Fortus Iasi, on ANAF accepting the co...
AVAS Finds Errors In Fortus Iasi Management By Liquidator CITR
Romanian Privatization Authority AVAS Monday said it found several irregularities in Fortus Iasi management by its liquidator Casa de Insolventa Transilvania, CITR, and plans to restructure...
Ford And AVAS Sign Addendum To Car Plant Privatization Contract
U.S. carmaker Ford and Romanian privatization authority AVAS on Friday signed an addendum to the privatization contract for local car plant Automobile Craiova, whereby the number of cars For...
Tuca Zbarcea&Asociatii, Freshfields Represent Romania In New ICSID Arbitration Case
A consortium formed of Tuca Zbarcea&Asociatii and Freshfields Bruckhaus Deringer will represent Romania in an arbitrage bid filed by two Turkish businessmen at the International Center for S...