15
Tue, Oct
45 New Articles

MPR Represents Getica In Dispute with Auchan Group Companies

MPR Represents Getica In Dispute with Auchan Group Companies

Romania
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

MPR Partners has successfully represented insolvent electricity supplier Getica 95 Com in a dispute with three Auchan Group companies – Auchan Romania S.A., Coresi Business Park S.A., and Ceetrus Romania S.R.L.

According to the firm, Getica was supplying electricity to the three companies with Getica attempting several times to renegotiate the supply contracts based on electricity pricing volatility over the last 10 years. Coresi and Ceetrus ultimately unilaterally canceled the contracts by switching providers, which, the firm informed, involved higher prices than those repeatedly offered by Getica in its attempts to renegotiate the contracts. When Getica filed for insolvency in 2021, Auchan, Coresi, and Ceetrus filed a claim to recover EUR 6 million which amounted to the difference in price between their new provider and the old contract with Getica. 

The Buzau Tribunal rejected the claims with the firm informing that the decision may be appealed at the Ploiesti Court of Appeal. 

The MPR Partner team consisted of Founding Partner Gelu Maravela and Partners Anca Baitan and Dana Radulescu.

Romanian Knowledge Partner

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). 

Firm's website.

Our Latest Issue