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ACI Partners and DLA Piper Successful for Republic of Moldova in Appeal of ICC Decision in Court of Appeal of Paris

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ACI Partners and DLA Piper have successfully persuaded the Court of Appeal of Paris to annul an October 25, 2013 arbitral award by the ICC in the matter of Energoalians v. Republic of Moldova in what ACI refers to as "highly important litigation for Moldova."

The dispute dates back to 2010, when Energoalians — a Ukrainian company — brought claims against Moldova arising out of the non-payment of accumulated debt by the State-owned entity Moldtranselectro and by another former partner of Energoalians for energy Energoalians supplied in 1999-2000. In its decision of October 25, 2013, the International Court of Arbitration in Paris ruled that Moldova must pay Energoalians USD 47 million (in 2015 Moldova was ordered to pay Komstroy, the legal successor to Energoalians).

According to ACI Partners, "this arbitral award had a drastic effect on the Moldovan state-owned company MoldATSA — the bank accounts of which were blocked starting from April, 2015 in lieu of execution of the said arbitral award. MoldATSA is responsible for directing airplanes in Moldovan airspace and hampering its operations thus endangered air traffic security in Moldova."

ACI Partners describes the Paris Court of Appeals’ decision to annul the October 15, 2013 arbitral award as "an important win for the Republic of Moldova.”

The ACI Partners team consisted of Managing Partner Igor Odobescu and Legal Manager Carolina Parcalab, while DLA Piper’s Paris-based team was led by Partner Michael Ostrove, DLA Piper’s Global Head of International Arbitration, and included Associate Theobald Naud.

A consideration of the significance of this case in Moldova will appear in the April 2015 issue of the CEE Legal Matters magazine.

Moldovan Knowledge Partner

ACI Partners is a leading law firm in Moldova with an expanding network of partners throughout Europe. ACI Partners was established in 2006 and since then has managed to build a very strong and competitive legal practice. Our business strategy strives to deliver a solid and reliable service, going beyond merely grasping the law, which the clients may turn to whenever they need. In reaching this goal, ACI Partners employs a personalized approach to each client, showing a genuine respect for their values and unqualified commitment to their interests and needs, steadily investing in knowledge and data management and ensuring a working environment consistent with our clients’ quality demands and high expectations.

ACI Partners is a one-stop shop law firm proficient in all possible legal matters a business might come across in Moldova, starting with incorporation of a business, and obtaining of all the necessary regulatory permits, continuing with various daily matters, such as contracts, labor, and migration, and finishing with dispute settlement, insolvencies, and criminal investigations. But we pride ourselves especially for our unmatched expertise in most innovative and complex areas for Moldova, as Modern Financial Products, Data Protection, Renewable Energy, Competition, Clinical Studies, Public Procurement, and Regulatory. In our work, we always involve a team of professionals with the relevant skill-mix, which enables us to provide our clients with an integrated and comprehensive advice, superior to our competitors.

ACI Partners has advised the Government of the Republic of Moldova, businesses, international organizations, and other institutions on most challenging transactions, assignments and projects.

ACI Partners is not just another law firm. Over the course of our existence and working in Moldova, and on the international stage for our non-Moldovan clients, we have developed a strong set of core values which, we believe, guide us in everything that we do and, moreover, gives us a competitive advantage – differentiating us from other firms on the market.

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