The final solution in the litigation S.P.E.E.H. Hidroelectrica S.A. - Alro S.A.

Fri, 03/01/2019 - 14:14

The Company Alro S.A. informs the shareholders and investors that in the dispute lodged by S.P.E.E.H. Hidroelectrica S.A. against Alro S.A., which is the object-matter of the case file no. 13264/3/2015 currently before the High Court of Cassation and Justice of Romania, following the lodging of the second appeal by S.P.E.E.H. Hidroelectrica, the filter panel of judges  no. 3 has admitted, in principle, the second appeal of the plaintiff S.P.E.E.H. HIDROELECTRICA S.A. Bucharest against the civil decision no. 1346/A dated September 26, 2017, given by the Court of Appeal Bucharest – Section V Civil Law and ruled the date of February 28, 2019, for the judgement on merits of the second appeal, in public hearing, the parties to be summoned.

On the hearing date of February 28, 2019, the court dismissed, as being ungrounded, the second appeal filed by the plaintiff S.P.E.E.H. Hidroelectrica against the civil action decision no. 1346/A of September, 26 2017, ruled by the Court of Appeal Bucharest Section V Civil Law in the case file no. 13264/3/2015. The decision is final.

The information has been excerpted from the Courts of Law web portal, where it was posted on the site of the High Court of Cassation and Justice of Romania.