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Filip & Company Successful for Romania’s Financial Supervisory Authority in Dispute with Former Board Member of National Securities Commission

Filip & Company Successful for Romania’s Financial Supervisory Authority in Dispute with Former Board Member of National Securities Commission

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Filip & Company has successfully represented Romania’s Financial Supervisory Authority in a dispute against a former board member of the National Securities Commission involving labor and administrative issues worth over RON 1 million.

According to Filip & Company, “after five years of litigation, the Bucharest Court of Appeal issued a final judgment dismissing the former board member’s claim for severance payments and outstanding salary rights. By this decision, the Court of Appeal sets an important precedent concerning the (un)lawfulness of the internal rules concerning the award of severance packages, which had been issued by the plaintiffs themselves, as board members.”

Filip & Company’s team included Partner Catalin Alexandru, Senior Associate Cristina Tudoran, and Associate Carmen Calabache.

Romanian Knowledge Partner

MPR Partners | Maravela, Popescu & Roman is an internationally recommended and repeatedly awarded Romanian law firm providing integrated legal, tax advisory and insolvency services in all areas of interest for businesses and public administration. 

MPR Partners | Maravela, Popescu & Roman covers all major Romanian regions as well as the Republic of Moldavia, either directly or through carefully selected and closely coordinated correspondent offices. In addition, the firm has the infrastructure required to coordinate advice in multiple countries through highly reputed international networks of specialists ensuring high end services. 

Firm’s clients (multinational corporations, sound Romanian companies, private investors, public authorities and State companies) recommend MPR Partners | Maravela, Popescu & Roman as “A reliable team providing a high standard of work.” (quote by Chambers and Partners), having consistently endorsed the outstanding quality of services provided, flexible approach, responsiveness as well as the friendly working climate. 

More client feedback and further information on MPR Partners | Maravela, Popescu & Roman can be found at www.mprpartners.com.

All News about MPR Partners | Maravela, Popescu & Roman can be found here.

 

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