HCCJ. Expression intention to terminate vs. unilateral declaration of termination

High Court of Cassation and Justice has ruled that, under the lease contract was not provided unilateral termination by the lessee, as a way to terminate the contract, the following clause placed in the chapter “Obligations of the parties” from… Read moreHCCJ. Expression intention to terminate vs. unilateral declaration of termination

Amending the GEO no. 88/1997 on the privatization of companies

In the Official Gazette of Romania, Part I, no. 618, dated 22 August 2014, was published the Government Ordinance no. 14/2014 amending and supplementing Government Emergency Ordinance no. 88/1997 regarding the privatization of companies. The enactment maintain provisions that the… Read moreAmending the GEO no. 88/1997 on the privatization of companies

HCCJ. Limitation of the right to seek recovery of sums unduly paid under a financing contract

High Court of Cassation and Justice has ruled that, in accordance with art. 8 of Decree. 167/1958 (Art. 2523 NCC), where action for liability for damage caused by the wrongful act, contractual or extra-contractual, limitation period begins to run from… Read moreHCCJ. Limitation of the right to seek recovery of sums unduly paid under a financing contract