COURT
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Court Rejects Energy Traders’ Appeals Against Termination Of Contracts With Hidroelectrica
The Bucharest Court rejected the appeals filed by energy traders against the termination of contracts concluded with state-owned power producer Hidroelectrica, the company said Thursday.
Court Denies Rompetrol SA's Claim To Insolvency
The Bucharest Court has denied Rompetrol SA's request for insolvency and company officials may appeal the ruling within seven days.
Court Reduces BRD Antitrust Fine To EUR20,000 From EUR4M
The Bucharest Court reduced to EUR20,000 a EUR4 million fine the Competition Council applied to lender BRD for obstructing inspection in 2008, antitrust authority president Bogdan Chiritoiu...
Bucharest Court Admits Tehnologica Radion’s Insolvency Request
Bucharest Court admitted the insolvency request of Romanian construction company Tehnologica Radion, whose owner, Theodor Berna, was placed under preventive arrest in August.
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.
Court Rejects Rompetrol Downstream’s Claim To Have Antitrust Fine Annulled
The Bucharest Court of Appeals has overruled a claim filed by Rompetrol Downstream, the fuel distribution unit of oil group Rompetrol, to have a 160 million lei (EUR37.8 million) fine applie...
Court Blocks Road Authority’s EUR7.4M Auction For Legal Services
The auction started by Romania’s roads authority CNANDR seeking legal assistance services for expropriations for an estimated EUR7.4 million has been annulled by the Bucharest Court of Appea...
NEPI Says It Acted Legally In Relation To Purchase Of Shopping Center Sibiu’s Debts
South-African investment fund New Europe Property Investments (NEP.RO) said Thursday it has acted lawfully in relation to the purchase of Shopping Center Sibiu’s debts, adding that the compa...
Owner Of Shopping City Sibiu Takes NEPI, Volksbank To Court
Investment fund Argo Real Estate, which owns four shopping centers in Romania, has started legal proceedings against Austrian lender Volksbank and South-African investment fund New Europe Pr...