LITIGATION
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Bucharest Court Dismisses SAPE's Claim of EUR800M from Electrica
The Bucharest Court has issued a definitive ruling dismissing a claim by Romania's Energy Shareholdings Administration Association (SAPE) of EUR800 million from utility group Electrica.
Canada’s Gabriel Resources Sues Romania For $4.4B
Canadian project developer Gabriel Resources is suing Romania for a record C$5.7 billion (the equivalent of 4.4 billion American dollars) before the World Bank’s International Center for Set...
Hidroelectrica To Execute EUR8M Guarantees Of Austrian Company For Upgrade Contract
Romania’s insolvent power producer Hidroelectrica will execute next week the EUR8 million letter of guarantee issued by UniCredit on behalf of Austrian company Andritz Hydro for an upgrade c...
ZRP: Litigation Department Is Three Quarters Of The Firm
Zamfirescu Racoti & Partners (ZRP) started 2014 with 33 lawyers in the litigation department out of a total of 45 lawyers, a level that Cosmin Vasile, managing partner of the law firm, sees...
Insolvent Romstrade Sues Romanian State Over Annulled Contracts
Romstrade, the building company controlled by businessman Nelu Iordache which entered insolvency proceedings more than a year ago, has sued Romania’s road authority CNADNR and Bucharest City...
Minister Nominee Victor Alistar Banned From Holding Public Office Until August 7, 2012
Victor Alistar, Romania’s proposed minister-delegate for governmental strategies, transparency and relations with the civil society, is banned from filling public positions for three years,...
Schoenherr: I Don’t See A Revival In Real Estate, Litigations Will Be The "Star"
Sebastian Gutiu, managing partner of law firm Schoenherr si Asociatii, bets on the litigation department rather than on the real estate one for the next few years, as companies fail to obser...
Sarantis Fights Colgate In Court Over “Total” Word, An EUR1M Stake
Sarantis Romania, among the ten largest on the cosmetics market, has been battling US giant Colgate-Palmolive in court for over two years, asking for EUR1.2 million in compensation, in a law...
Court Allows Rompetrol Rafinare Delisting, Appeal Pending
The Bucharest Court of Appeals decided securities regulator CNVM should pay The Rompetrol Group 1 million lei (EUR1=RON4.0966) in moral damages after the blocked delisting of Rompetrol Rafin...