Deloitte Legal Romanian affiliate Reff & Associates has successfully represented NEPI Rockcastle’s Promenada Mall Bucharest before the Bucharest Court in an urban planning-related administrative dispute resulting in the end of the suspension of the Urban Plan for Bucharest's Second District.
NEPI Rockcastle is a real estate owner, developer, and shopping center operator in CEE.
According to Reff & Associates, "the Bucharest Court has rejected the application for annulment of the Bucharest General Council’s decision no. 339/2020, which approved the Urban Plan for the Capital’s Second District."
"This solution represents a landmark moment in the evolution of the disputes in the field of urbanism, which generated uncertainty and affected very important investments in real estate and in the Capital’s infrastructure," the firm added. "The Bucharest Court’s decision may be appealed at the Bucharest Court of Appeal, but it ends, starting right from the date of its pronouncement, the measure which suspended the Urban Plan for the Capital’s second District based on court decisions issued during 2022."
The Reff & Associates team included Partners Irina Dimitriu and Mihnea Galgotiu-Sararu, Senior Managing Associate Ana Galgotiu-Sararu, Managing Associate Diana Stan, Senior Associate Lucian Savin, and Associates Alexandra Tuta and Andreea Caragea.
