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Suciu Popa Successful for Libra Internet Bank on Revolut Accounts Garnishment Dispute

Suciu Popa Successful for Libra Internet Bank on Revolut Accounts Garnishment Dispute

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Suciu Popa has successfully represented the Libra Internet Bank before a court of law by securing the rejection of garnishment validation for money held in Revolut accounts. 

According to Suciu Popa, the court's solution establishes that "the application for validation of the garnishment formulated by the creditor against the bank where the Revolut accounts were opened cannot be admitted." The court considered that, "in the absence of legal relations between the Libra Internet Bank and Revolut's clients, the bank cannot be considered a garnished third party in relation to them and, thus, the opened accounts cannot be garnished."

The Suciu Popa team was led by Managing Partner Miruna Suciu and Partner Radu Chiran and included Senior Associates Radu Petroi and Dan Oltean.

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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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