Dragne & Asociatii has successfully represented Baneasa Business & Technology Park and Baneasa Rezidential in a real estate dispute that lasted more than 12 years and involved more than 1,000 parties.
According to Dragne & Asociatii, the case included Romanian and foreign companies, private individuals, financial institutions, and multinational corporations. The dispute concerned claims by the state challenging the private ownership of land in northern Bucharest, home to the Baneasa Mall, Baneasa Business & Technology Park, IKEA, Mobexpert, and residential complexes. These claims risked significant financial losses – amounting to a potential RON 1 billion – and threatened businesses and residential owners.
Dragne & Asociatii reports that, on January 15, 2025, the High Court of Cassation and Justice issued a final decision confirming that the land was not part of the public domain, thereby fully acquitting all defendants.
The Dragne & Asociatii’s team included Managing Partners Ion Dragne and Stelian Garofil and Partner Ana-Maria Filip.
