Suciu Popa has successfully represented Romanian railway freight carrier Grup Feroviar Roman SA in a commercial dispute against a debt collection company.
According to Suciu Popa, the opposing side was the “assignee of certain receivables resulting from immovable leasing contracts from a commercial bank, secured by means of guaranteed promissory notes. The dispute concerned the effects of the securities created by guaranteeing the promissory notes, in the context of replacing the guarantor [in the meantime], which resulted in the termination of the initial guarantee of the promissory notes.” According to the firm, the court “ascertained the cessation of the effects of the guarantee and ordered the full reimbursement of the amounts unduly under the terminated guarantee of the promissory notes.”
Suciu Popa has already been successful for Grup Feroviar Roman last year, in a dispute over a bankruptcy claim (as reported by CEE Legal Matters on October 1, 2020).
Suciu Popa’s team included Managing Partner Miruna Suciu, Partner Dan Ciobanu, and Managing Associate Radu Chiran.