We are thrilled to announce a landmark court decision in favour of one of our clients, an international bank, in a high-profile dispute with The National Authority for Consumer Protection in Romania. This case has garnered significant public attention this year due to its potential economic impact. Remarkably, this represents the first major win for banks in this series of high-stake litigations against the authority, which had previously imposed fines totaling 950,000 lei on 19 banks for alleged similar illegal actions, along with additional measures against them. The core of this recent dispute involved the annulment of Minutes issued by the control agents of the aforementioned authority.
These Minutes sanctioned our client for alleged deceptive commercial practices related to the calculation of monthly installments and a supposed breach of Law no. 363/2007. The litigation, set for trial in November 2023, concluded with the first court ruling entirely in our client’s favor. This ruling annulled the Minutes and the sanctions imposed by the The National Authority for Consumer Protection. Earlier this year, our team also led the charge in obtaining interim injunctions from the courts of appeal for multiple banks in Romania. These injunctions were against administrative orders imposed by The National Authority for Consumer Protection regarding the same dispute.
This achievement is credited to our dedicated team: Ion Dragne, Andreia Oana Dumitrescu, Raluca Gune, and Lucian Epure. Dragne & Asociatii, established in 2010, is a leading law firm in Romania, renowned for its expertise in complex legal matters. With a team of experienced attorneys, we specialize in a wide range of legal services, including corporate law, dispute resolution, and consumer protection cases. Dragne & Asociatii earned a Tier 1 ranking in Dispute Resolution from the prestigious Legal500 (2023). The firm stands out for its deep bench of exceptional litigators who ‘master procedural matters exceptionally’.
For more information, visit our website www.dragne.ro or connect with us on social media.