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RTPR and Allen & Overy Successful for Premier Energy in Arbitration Proceedings

RTPR and Allen & Overy Successful for Premier Energy in Arbitration Proceedings

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RTPR and Allen & Overy have achieved a successful outcome for Premier Energy in an international arbitration case conducted under London Court of International Arbitration arbitration rules.

According to RTPR, “the dispute arose between two companies which operate in the oil & gas industry, Premier Energy (Romania) as claimant and Adler Energy (Austria) as respondent, due to the impossibility of delivery of the initially agreed quantity of gas. The main legal issue of the case was to determine the price of gas that should have been delivered, based on a mathematical formula. The Arbitral Tribunal awarded to the claimant all damages claimed, including the price difference paid by Premier Energy to cover Adler’s breach of contract.”

The RTPR team was led by Partner Valentin Berea and included Senior Associates Vicu Buzac and Raluca Tudoroiu.

Allen & Overy's was led by Partner Lucia Raimanova and included Associate Matej Kosalko.

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.

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