21
Sat, May
46 New Articles

Reff & Associates Successful for Viales in Road Construction Arbitration

Reff & Associates Successful for Viales in Road Construction Arbitration

Romania
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

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.

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.

Our Latest Issue