Filip & Company and Deloitte Legal-affiliated Reff & Asociatii have successfully represented BT Leasing Transilvania IFN before the Bucharest Court of Appeal in a first-instance decision that annulled a Competition Council Decision imposing fines on 16 companies and the Financial Services Association following an investigation into the financial leasing market.
According to Filip & Company, the court annulled the fine of approximately RON 4.3 million imposed on BT Leasing Transilvania IFN. The investigation concluded at the end of 2020 and focused on alleged anti-competitive practices in the financial leasing market. Despite the arguments and evidence provided by the investigated parties during more than three years of research, the Competition Council imposed fines on 16 financial leasing companies.
The Filip & Company team included Partner Catalin Alexandru and Senior Associate Alin Grapa.
The Reff & Asociatii's team included Partners Mihnea Galgotiu-Sararu and Florentina Munteanu, Senior Managing Associates Ana Galgotiu-Sararu and Andrea Grigoras, Managing Associates Laura Sendroiu and Mihnea Radu, and Senior Associate Miruna Stanciu.
