Current Report: Information on the status of the civil action lodged by ALRO against the Competition Council concerning the former’s claim for the cancellation of the Sanction decision no. 82/2015 issued by the Competition Council

Fri, 08/31/2018 - 17:03

Significant event to be reported: Information on the status of the civil action lodged by ALRO S.A. against the Competition Council concerning the former’s claim for the cancellation of the Sanction decision no. 82/2015 issued by the Competition Council

In the case file 954/2/2016 pending before the Bucharest Court of Appeal, whose object-matter is both the claim for the cancellation of an administrative document – i.e. the sanction report, as well as the claim for the cancellation of the sanction decision no.82/2015 issued by the Competition Council, following the attachment of the case file 3536/2/2016,on the hearing date of May 23, 2018, the Court has postponed the case to the date of 5th September 2018, so as to allow the Court Expert the possibility to file the Expert’s Report.

According to the information on the courts’ websites, on August 30th, 2018, the Bucharest Court of Appeal  exchanged of its own motion the  day in court from September 5th, 2018 to October 22nd,  2018. The Parties shall  be summoned to appear at the established date.  

As concerns the status of the above case files, Alro S.A. will inform the general public and the investors in due course.