An irrevocable ruling handed down by the supreme court in a 5.5 million Euro arbitration ends a nine-year-long dispute whereas Tuca Zbarcea & Asociatii represented a private company.
The dispute arose from a contract concluded in 2007. Under such contract, a private company had undertaken obligations to design, deliver, install and train the beneficiary’s staff in connection with the performance of an electronic archiving system.
Given that its contractual partner (a public authority) refused to pay the second instalment of the agreed price, the company initiated in 2012 an arbitral dispute before the International Commercial Arbitration Court of the Chamber of Commerce and Industry of Romania.