Romstrade mandated law firm Stoica si Asociatii, managed by former justice minister Valeriu Stoica, to represent it in the two litigations.
Romstrade won the two contracts, totally worth some EUR140 million, in 2011, but these were annulled in late 2012.
CNADNR cancelled the contract for the Nadlac-Arad highway on the very low progress of works, but subsequently the way the contract was awarded also stirred fraud allegations, a reason why Nelu Iordache was detained.
“The Bucharest Court of Law decided that the litigation between CNADNR and Romstrade should be solved by an international commercial arbitrage firm,” state the representatives of Stoica si Asociatii law firm.
After the court issued the decision, the law firm took over the case and submitted it to the Bucharest Court of Appeal, which is to settle whether the litigation is to be solved by an international commercial arbitrage firm or by Romanian courts.
On the other hand, Romstrade sued the Bucharest City Hall on the suspension of the contract for the construction of Calea Vacaresti-Mihai Bravu passageway.
CNADNR has not answered ZF’s request for information on Romstrade’s action by edition close.
Romstrade entered insolvency in December 2012, shortly after one of its main clients, the road authority, annulled six major contracts Romstrade was carrying out.
(English version by Catalina Apostoiu)