Mon, May
62 New Articles

Schoenherr Successful for Electrica in EUR 46 Million Administrative Case

Schoenherr Successful for Electrica in EUR 46 Million Administrative Case

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Schoenherr has successfully represented Societatea Energetica Electrica in a long-term contentious administrative case with a stake worth EUR 46 million against Romania's state and public resource management auditor.

Serving over 3.9 million users, the Electrica Group is an energy market player active in the distribution, supply, production, and energy services segments. The company has been listed on the Bucharest and London stock exchanges since 2014.

According to Schoenherr, "Electrica filed this case seven years ago against the Romanian Court of Accounts, a state authority charged with conducting financial audits of the management of state and public resources, with a view to obtaining the annulment of an administrative decision by the authority claiming that Electrica had misused company funds."

Schoenherr assisted Electrica in both the administrative phase and in contentious administrative litigation. According to the firm, in July 2023, it "successfully obtained a positive court ruling for the client, which became final in April 2024. The court partially annulled the Court of Accounts' decision, maintaining only a payment obligation amounting to about EUR 1,000 from a total of EUR 46 million."

The Schoenherr team included Partner Iustin Armasu, Senior Attorney at Law Alexandra Huza, and Attorney at Law Andrei Greceanu.

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