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Suciu Popa Successful for Enel in ICC Arbitration Against Romanian State

Suciu Popa Successful for Enel in ICC Arbitration Against Romanian State

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Suciu Popa has successfully represented Italian energy company Enel in an ICC arbitration against the Romanian state in Paris.

The dispute, which arose from a privatization contract, was valued at over EUR 130 million.

According to Suciu Popa, "SAPE, a management company for state-owned stakes in energy companies coordinated by the Ministry of Energy, claimed the distribution of the profits retained until 2017 pertaining to Enel Distributie Muntenia and Enel Energie Muntenia." According to the firm, in its ruling, the Arbitral Tribunal dismissed SAPE’s claims in their entirety.

Suciu Pop Managing Partner Luminita Popa was lead counsel for Enel in the case.

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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). 

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