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Popescu & Asociatii Successfully Represents Sinaia Local Council and Sinaia Urban Transport

Popescu & Asociatii Successfully Represents Sinaia Local Council and Sinaia Urban Transport

Romania
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Popescu & Asociatii has successfully represented Sinaia Local Council and the company that provides land and cable transport in Sinaia resort, Sinaia Urban Transport, within judicial procedures initiated as a result of the reorganization of the company's management activity during 2017.

According to Popescu & Asociatii, “the company's corporate reorganization procedure was subject to the jurisdictional control of the courts by the former management, revoked from its position following a decision of the Local Council in 2017, and currently, through the final solution, pronounced by the Ploiesti Court of Appeal, it was correctly established the interdiction of the administrator to challenge the decision of the shareholders regarding the revocation of the administrator mandate as being categorically expressed in the law. In addition to this solution, the requests regarding granting the monthly remuneration updated with the inflation index, the legal interest, the moral damages as well as the material damages requested by the opposing party were rejected, thus removing the payment obligation unjustifiably established in the first decision.”

According to the firm, “the solution obtained in the file is extremely important, especially since it represents a precedent regarding the impossibility of the administrator to challenge the decisions by which his own mandate is revoked regardless of the legal nature of the act by which this decision was adopted. In other words, even if the trustee is revoked from a position held within a commercial company entirely state-owned, and his dismissal is made by means of a decision issued by a public authority, the provisions of Law 31/1990 regarding commercial companies are applicable as a priority.”

Popescu & Asociatii’s team included Senior Counsel Andreea Mihalache and Senior Associate Stefan-Catalin Baiculescu. 

Popescu & Asociatii at a Glance

Popescu & Asociatii is a top Romanian business law firm founded to provide premium integrated services to premium businesses, both in Romania and abroad, in all the relevant areas of practice, and especially in all industries of interest for active economic players.

Established as a full-service law firm, Popescu & Asociatii genuinely combines the expertise and exposure in the consultancy field with high level of strategic capabilities and experience in trials and court rooms, to provide state-of-art advice and representation both in local and cross border deals and files. The firm acts for corporation, local companies, banks and financial corporations, as well as for investment funds and entrepreneurs in all the areas of law: Banking and Finance, Capital Markets, Corporate and Commercial/Mergers and Acquisitions, Competition and Antitrust, Dispute Resolution, Employment, Compensations and Benefits, Energy and Natural Resources, Environment, Healthcare & Pharmaceuticals, Intellectual Property and GDPR, IT, Telecom & Media, Infrastructure, PPP and Public Procurement, Prevention, Compliance and White-Collar Crime, Real Estate and Construction, Restructuring and Insolvency, Transport Law.

Our mission is to deliver strategic, excellent and innovative legal and business solutions. Excellence, collaboration, and innovation are at the core of the way we work, with each other and with our clients. We focus on building long-term relationships and we do this by staying true to our founding principles: to provide client service and the highest standards, always keeping in mind work ethics, integrity and the responsibility towards our clients businesses, deals and cases that they entrusting us.

Popescu & Asociatii is ranked and recognized among outstanding law firms in Romania by all the high-profile legal directories researching the Romanian market, Chambers & Partners, Legal 500 EMEA, IFLR 1000 Financial and Corporate and Benchmark Litigation Europe edition. In addition, the firm received Best Litigation Law Firm in Romania award and has been recognized as one of the best White-Collar Crime Romanian law firms, based on our outstanding experience and market recognition in Romania, at the Legal Annual Awards Gala.

More information about Popescu & Asociatii can be found here.