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PeliFilip Successful in Bucharest Court of Appeal for Financial Supervisory Authority

PeliFilip Successful in Bucharest Court of Appeal for Financial Supervisory Authority

Romania
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PeliFilip has successfully represented Romania's Financial Supervisory Authority in a dispute initiated by the former Chairman of the Insurance Supervisory Commission, Mr. Tudor Daniel George.

After a six-month mandate at the head of the CIS, George had demanded that the ASF be ordered to pay approximately RON 3.3 million in "cease-of-service compensation" to the CIS Council provided for by an internal CSA regulation.

The Bucharest Court of Appeal dismissed Tudor's claim as unfounded, in a decision that remains subject to appeal.

The PeliFilip team consisted of Partner Catalin Alexandru, Senior Associate Alexandru Gosa, and Associate Cristina Tudoran. "We are glad that the Bucharest Court of Appeal's decision is favorable to the Financial Supervisory Authority and we want to thank our client for this because it has given us the confidence to represent it in a high-stakes dispute," said Gosa in a statement released by the firm. "It was a difficult dossier, but with my colleagues we managed to identify the best trial strategy and achieve one of the most important gains of this year's PeliFilip litigation team."

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

Firm's website.

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