Ana Diculescu-Sova

Nestor Nestor Diculescu Kingston Petersen announces that the High Court of Cassation and Justice (ICCJ) re-adjudicated and dismissed the second appeal filed by one of the clients of a major Romanian bank. Thus, the court reversed the only case where it had intervened in a loan agreement and had changed the parties’ initial interest rate and had replaced it with Euribor + 1.5%.

Nestor Nestor Diculescu Kingston Petersen announced that the High Court of Cassation and Justice rendered another decision in favor of a large Romanian bank in the disputes initiated by the bank’s clients seeking to impose their own mechanism for calculating the interest.