Borza & Associatii successfully represented energy company Hidroelectrica in its dispute with energy trader Alpiq and aluminium producer Alro, with the later two seeking damages resulting from not being registered in the preliminary table once the energy company went into insolvency. Schoenherr represented Alpiq and Tuca Zbarcea & Asociatii represented Alro on the matter.
The total claim value amounted to RON 657 million (EUR 146 million). Two decisions issued on February 12, 2016 of the Bucharest Tribunal rejected the claims of the two companies: Nr 1040 and Nr 1041 for Alpiq and Alro respectively. Both claims related to damages incurred as a result of reduced energy being provided to the companies with both being rejected as a result of force majeure clauses with Hidroelectrica facing severe droughts between October 2011 and December 2012.
All firms involved chose not to comment on the dispute.
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