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News from Members David&Baias Lawyers Obtain 90% Fine Reduction for Client

David&Baias Lawyers Obtain 90% Fine Reduction for Client

by David & Baias March 26, 2013

Website www.pwc.com

The D&B Davis ºi Baias lawyers, the correspondent law firm of PwC Romania, have obtained in court a significant reduction in the fine imposed by the Competition Council on Farmexpert DCI SA for the breaching of the provisions of art. 5 in the Competition law, as well as those of art. 101 of TFUE, through the “establishment of understandings” for the interdiction of the export and import of Bayer products, as well as for the export of Sintofarm products.

The Bucharest Court of Appeal decided to cancel part of the decision nr. 98/27.12.2011 of the Competition Council, namely the part dealing with the fine imposed on the plaintiff, by reducing the value of the fine from 10,997,366 RON to only 1,000,000 RON.

The decision is final, but the Competition Council can challenge it in front of the Supreme Court.

The decision of the Bucharest Court of Appeal was obtained through the joint efforts of a mixed team of lawyers specialised in competition law and litigations formed by Andreea Cojocaru, Cãtãlin Suliman and Ana-Maria Iordache, and coordinated by Sorin David, Managing Partner, D&B David ºi Baias.

„The competition law team of D&B David ºi Baias is one of the oldest and most seasoned in Romania, with a substantial practical experience, both in front of the regulation body and in front of the courts, as well as a solid academic background in this field”, stated Sorin David.

"Echipa de concurenþã din cadrul D&B David ºi Baias este una dintre cele mai vechi ºi mai experimentate din România, îmbinând cu succes o vastã expertizã practicã, atât la nivelul autoritãþii de reglementare, cât ºi în faþa instanþelor judecãtoreºti, cu o solidã culturã academicã în materie de concurenþã", a precizat Sorin David.

About D&B David ºi Baias:

D&B David si Baias is the correspondent law firm of PwC Romania, being integrated in the PwC network of correspondent law firms that has more than 2000 lawyers in 75 jurisdictions.

D&B David ºi Baias is a business law firm. The D&B David ºi Baias team provide integrated, innovative and pragmatic solutions, by providing assistance, representation and legal advice in the following areas: companies and groups of companies, mergers, acquisitions and restructuring, real estate, employment and human resources, financial services and capital markets, competition and state aid, intellectual property, consumer and personal data protection, tax and commercial litigation.D&B David and Baias also specialises in the pharmaceutical and IT & Telecom fields, providing specific solutions for companies in these industries.

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