Reff & Associates has successfully represented a consortium of construction companies, led by the Spanish firm Viales Y Obras Publicas SA Cuenca, in an international commercial arbitration regarding the construction of road infrastructure based on a FIDIC contract.
The dispute revolved around the contracting authority's termination of the contract signed with the consortium. According to Reff & Associates, "the Court of International Commercial Arbitration attached to the Chamber of Commerce and Industry of Romania obliged the contracting authority to pay damages of approximately EUR 3.5 million and fully dismissed its claims, consisting of approximately EUR 1.5 million. The decision favorable to the consortium ... is final and enforceable, but it can be challenged by way of an annulment claim in front of Bucharest Court of Appeal."
Reff & Associates' team included Partner Andreea Artenie, Senior Managing Associate Mihnea Galgotiu-Sararu, and Senior Associates Raluca Rusu-Oana and Lorena Slevoaca.
