GILS Dispute Resolution: Moldova

MOLDOVA

CASE №1:

The lawyers of GRATA International Moldova represented the interests of the creditors "Toto Construzioni" and "Taddei" SpA and filed a request in court for the recognition and enforcement in the territory of the Republic of Moldova of the arbitral award issued on March 10, 2020, by the International Ad-Hoc Arbitral Tribunal based in Paris, France, in the arbitration case between "Toto Construzioni Generali" SpA and "Taddei" SpA against the State Road Administration. The court decided to recognize the arbitral award of the International Ad-Hoc Arbitral Tribunal, based in Paris, France, issued on March 10, 2020, in the arbitration case between "Toto Construzioni Generali" SpA and "Taddei" SpA against the State Road Administration in the territory of the Republic of Moldova. 

The court also approved the enforcement of the arbitral award on the territory of the Republic of Moldova and issued an enforcement order for the collection from the debtor's account, the State Road Administration, to the benefit of the creditors "Toto Construzioni Generali" S.p.A and "Taddei" S.p.A, of the amount of EUR 365 096,90 as financial costs under the contract for the delayed certification of completed works; the amount of EUR 601 248,56 as unjustified delay damages under the contract; the amount of EUR 372 323,36 as interest accumulated until the date of the arbitral award; and the collection of interest from the date of the arbitral award.

Igor Popa.