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Popescu & Asociatii Successful for City of Sinaia in Construction Dispute

Popescu & Asociatii Successful for City of Sinaia in Construction Dispute

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Popescu & Asociatii has successfully represented the interests of the City of Sinaia in a construction dispute.

According to Popescu & Asociatii, the City of Sinaia has managed to keep a financing contract, executed by the Administrative Territorial Unit Sinaia, for the construction of a Park & Ride parking, which will help with the “extremely congested traffic. Thus, both locals and visitors will have the opportunity to park their cars at the entrance to the town and use the public transport provided by the authorities, a measure that is expected to reduce the current traffic by about 50%.”

According to the firm, “the decision of the High Court of Cassation and Justice is final and upholds the decision of the Bucharest Court of Appeal which annulled the termination decision, illegally issued by the Ministry of Development, Public Works and Administration, regarding the financing contract concluded by the City of Sinaia for the construction, with European funds, of the Park & Ride parking.”

Popescu & Asociatii’s team included Partner Loredana Popescu, Senior Counsel Andreea Mihalache, and Senior Associate Andrei Baran.

Popescu & Asociatii at a Glance

Popescu & Asociatii is a top Romanian business law firm founded to provide premium integrated services to premium businesses, both in Romania and abroad, in all the relevant areas of practice, and especially in all industries of interest for active economic players.

Established as a full-service law firm, Popescu & Asociatii genuinely combines the expertise and exposure in the consultancy field with high level of strategic capabilities and experience in trials and court rooms, to provide state-of-art advice and representation both in local and cross border deals and files. The firm acts for corporation, local companies, banks and financial corporations, as well as for investment funds and entrepreneurs in all the areas of law: Banking and Finance, Capital Markets, Corporate and Commercial/Mergers and Acquisitions, Competition and Antitrust, Dispute Resolution, Employment, Compensations and Benefits, Energy and Natural Resources, Environment, Healthcare & Pharmaceuticals, Intellectual Property and GDPR, IT, Telecom & Media, Infrastructure, PPP and Public Procurement, Prevention, Compliance and White-Collar Crime, Real Estate and Construction, Restructuring and Insolvency, Transport Law.

Our mission is to deliver strategic, excellent and innovative legal and business solutions. Excellence, collaboration, and innovation are at the core of the way we work, with each other and with our clients. We focus on building long-term relationships and we do this by staying true to our founding principles: to provide client service and the highest standards, always keeping in mind work ethics, integrity and the responsibility towards our clients businesses, deals and cases that they entrusting us.

Popescu & Asociatii is ranked and recognized among outstanding law firms in Romania by all the high-profile legal directories researching the Romanian market, Chambers & Partners, Legal 500 EMEA, IFLR 1000 Financial and Corporate and Benchmark Litigation Europe edition. In addition, the firm received Best Litigation Law Firm in Romania award and has been recognized as one of the best White-Collar Crime Romanian law firms, based on our outstanding experience and market recognition in Romania, at the Legal Annual Awards Gala.

More information about Popescu & Asociatii can be found here.