The Supreme Court reversed a trial court’s judgment in favor of Romgaz issued in December 2010, lawyer Robert Rosu with Tuca Zbarcea & Asociatii told MEDIAFAX.
Fondul Proprietatea filed action against Romgaz in 2008, after the latter refused to pay out due dividends from the 2005 profit.
Fondul Proprietatea was set up in 2005 to compensate Romanians whose properties were seized during communism. The fund owns shares in over 80 companies, including Romgaz.
Romgaz is 85%-owned by the Economy Ministry. (EUR1=RON4.1719)