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MPR Represents Getica In Dispute with Auchan Group Companies

MPR Represents Getica In Dispute with Auchan Group Companies

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MPR Partners has successfully represented insolvent electricity supplier Getica 95 Com in a dispute with three Auchan Group companies – Auchan Romania S.A., Coresi Business Park S.A., and Ceetrus Romania S.R.L.

According to the firm, Getica was supplying electricity to the three companies with Getica attempting several times to renegotiate the supply contracts based on electricity pricing volatility over the last 10 years. Coresi and Ceetrus ultimately unilaterally canceled the contracts by switching providers, which, the firm informed, involved higher prices than those repeatedly offered by Getica in its attempts to renegotiate the contracts. When Getica filed for insolvency in 2021, Auchan, Coresi, and Ceetrus filed a claim to recover EUR 6 million which amounted to the difference in price between their new provider and the old contract with Getica. 

The Buzau Tribunal rejected the claims with the firm informing that the decision may be appealed at the Ploiesti Court of Appeal. 

The MPR Partner team consisted of Founding Partner Gelu Maravela and Partners Anca Baitan and Dana Radulescu.

MPR Partners at a Glance

With offices in London and Bucharest, MPR Partners is an internationally recommended and award-winning law firm with a client-friendly, business-oriented and innovative approach. The firm’s recognition comes from outstanding client feedback and reputed legal ranking and business publications at both international and local levels, as well as from its peers. With swift access to an extensive network of legal and tax professionals throughout the European Union (EU) and worldwide, an award-winning management team, competitive business terms and outstanding feedback from large corporations and international law firms, MPR Partners is a firm of choice for proficiently handled business law, tax and insolvency matters across the EU and beyond.

Find out more from our official website www.mprpartners.com