Popescu & Asociatii has successfully represented Viorelo International in obtaining more than RON 60 million in compensation in expropriation proceedings before a court in Romania.
According to Popescu & Asociatii, for the first time, a Romanian court has recognized that expropriation awards must cover not only the nominal land value but also the full extent of business losses suffered by the investor. Viorelo International, an investor in certified organic agriculture with a majority European capital, faced significant losses resulting from the expropriation of land used in sustainable agricultural operations.
The Popescu & Asociatii's team included Managing Partner Octavian Popescu and Partner Andreea Mihalache.
