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Filip & Company Successful for Romania’s Financial Supervisory Authority in Dispute with Former Board Member of National Securities Commission

Filip & Company Successful for Romania’s Financial Supervisory Authority in Dispute with Former Board Member of National Securities Commission

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Filip & Company has successfully represented Romania’s Financial Supervisory Authority in a dispute against a former board member of the National Securities Commission involving labor and administrative issues worth over RON 1 million.

According to Filip & Company, “after five years of litigation, the Bucharest Court of Appeal issued a final judgment dismissing the former board member’s claim for severance payments and outstanding salary rights. By this decision, the Court of Appeal sets an important precedent concerning the (un)lawfulness of the internal rules concerning the award of severance packages, which had been issued by the plaintiffs themselves, as board members.”

Filip & Company’s team included Partner Catalin Alexandru, Senior Associate Cristina Tudoran, and Associate Carmen Calabache.

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