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Suciu Popa Successful for Monsson Trading in Dispute against ING Bank

Suciu Popa Successful for Monsson Trading in Dispute against ING Bank

Romania
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Suciu Popa successfully represented Monsson Trading, part of Monsson Group, an international renewable energy player, in significant enforcement proceedings and a real estate mortgage against the ING Bank. The enforcement proceedings were based on a credit facility contract for sale purchase of electricity.

Through the appeal, Monsson Trading required the cancellation of all enforcement documents, the return of the execution, and the restoration of the previous situation. Monsson's appeal was dismissed at first instance, but based on the Suciu Popa’s arguments in the appeal, the court found the non-contractual and unlawful character of the execution issued by the ING Bank. As a result, teh court accpted Monsson Trading’s appeal.

The Suciu Popa team was coordinated by Managing Associate Daciana Popa.

 

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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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