We use cookies on this website in order to enhance your experience. By continuing to browse our site, you agree to our use of cookies. [I agree]   ×
logo

Arbitral award in favour of the National Company for Roads Infrastructure Administration S.A. – June 2018

September 17, 2019

Mocanu si Asociatii advised and represented CNAIR S.A. in the international arbitration initiated by Proodeftiki S.A. on the docket of the International Court of Arbitration of the International Chamber of Commerce (ICC). Proodeftiki S.A. submitted the request for arbitration against CNAIR S.A. in February 2015, the dispute being settled in favour of CNAIR, in January 2017, by means of the arbitral award, whereby the arbitral tribunal dismissed the claims brought forward by Proodeftiki S.A. as entirely time barred. Mocanu si Asociatii also advised and represented CNAIR in the request to set aside the award made by Proodeftiki S.A. against the arbitral award issued in January 2017, this request being dismissed as ungrounded by the Bucharest Court of Appeal. The solution of the Court of Appeal was also confirmed by the High Court of Cassation and Justice which declared as inadmisible the second appeal submitted by Proodeftiki. The value of the arbitration case for which Mocanu si Asociatii advised CNAIR S.A. was of approximately EUR 4,6 mil.