One Move Ahead

Arbitration

Overview

Our top-tier arbitration practice always provides focused and valuable service and has an outstanding national and international reputation. We act for a broad spectrum of clients, particularly in the corporate and industry sectors, but also for government and state-owned entities that choose us to manage their disputes because we consistently deliver flawless and outstanding results.

The team manages the biggest portfolio of domestic and international arbitration cases, conducted under the auspices of the International Chamber of Commerce (ICC) and the International Centre for Settlement of Investment Disputes (ICSID), the London Court of International Arbitration, the Vienna International Arbitration Centre (VIAC), the Milan Chamber of Arbitration, the Arbitration Institute of the Stockholm Chamber of Commerce, the Court of International Commercial Arbitration (Bucharest), and under the UNCITRAL arbitration rules.

We have a strong record of achieving successful outcomes for our clients and the resources to handle arbitration cases of all types: a complete arbitration service, a team of experienced litigators and arbitrators, the ability to analyze the substantive dispute, tactical approach, and broad commercial and civil experience.

One client says: This rapidity in their reaction as well as the professionalism of their advice clearly distinguishes them from other companies.

(GAR 100 ǀ 2019)

One client praises the firm’s capacity to respond to requests and mobilise at short notice. ‘This rapidity in their reaction as well as the professionalism of their advice clearly distinguishes them from other companies’, she says. The team also demonstrated impressive knowledge of private international law and environmental law.

(GAR 100 ǀ 2018)

One client praises the firm’s efficiency and says Vasile ‘is probably the best young litigator in Romania. He has a ‘very thorough understanding of client’s needs and expectations’.

(GAR 100 ǀ 2018)

Cosmin Vasile is ‘a star’ in the arbitration market, say peers who note he is ‘experienced and reliable, and has a great attitude’.

(Who’s Who Legal: Arbitration ǀ 2020)

  • Construction and Infrastructure Projects
  • Energy related disputes
  • Engineering
  • Environmental disputes
  • Maritime Law
  • Media
  • Banking and Finance
  • Distribution and Transport
  • Production
  • Real Estate

Examples of our recent work include assistance to:

  • A major player in the gas and oil field in an ICC dispute opposing the Romanian Ministry of Environment in what seems to be one of the most intricate environmental disputes in the energy sector, relating to a contractual dispute for the recovery of environmental costs of approx. USD 70 million stemming from the privatization of the largest Romanian oil company, following remedial actions undertaken in relation to historical pollution of the company’s sites and abandonment costs for over 750 extraction wells;
  • Contractors and beneficiaries in over 14 international arbitration proceedings, either ad-hoc or conducted under the auspices of the international institutions under the rules of ICC, VIAC, ICSID, UNCITRAL etc. regarding complex disputes in respect of performance and termination of agreements in various sectors, such as real estate, energy, construction, including FIDIC agreements;
  • The state of Romania in an ICSID investment arbitration regarding a dispute derived from the effects of the most controversial insolvency procedures in Europe, the insolvency of Hidroelectrica; by an award issued end of 2018 the ICSID tribunal fully dismissed Alpiq’s claims of over EUR 400 million and ruled that Romania observed its undertaken obligations as host State and did not breach the investor’s rights;
  • Constructors and beneficiaries in over 30 cases having as object some of the most complex and diverse infrastructure design and construction projects disputes pending before the national arbitration institution;
  • The National Agency for Mineral Resources regarding the relinquishment by Chevron of three highly publicized petroleum agreements for the exploration and exploitation of shale gas; by an award issued in early 2018 the ICC tribunal totally rejected claims that Chevron had brought against Romania’s state agency, while fully upholding the Agency’s counterclaim for more than US$73 million plus interest from October 2014 as mandatory financial obligations due upon early termination; a total of approximately US$100 million was voluntarily paid within a month from the award.

GAR 100
Global Arbitration Review ǀ 2019
Who’s Who Legal: Arbitration 2020
Law Business Research Ltd. ǀ 2020

Recent News

Privacy Preferences
When you visit our website, it may store information through your browser from specific services, usually in form of cookies. Here you can change your privacy preferences. Please note that blocking some types of cookies may impact your experience on our website and the services we offer.

BUSINESS CONTINUITY AT ZRVP

The COVID-19 crisis is fast-moving and hard to predict. At ZRVP, our highest priority is the health and wellbeing of our people, our clients and our communities.

Our response measures are aligned with the recommendations and decisions of the Romanian authorities and ensure the safety of our people and visitors as well as the continued provision of key client services and operations.

We would like to assure you that ZRVP will continue to operate seamlessly during the next period, both remotely and at our offices. We will provide continuous legal service to all our clients and assist you in the navigation of the wide range of legal and economic impacts of COVID-19 that are leading to uncertainty and volatility across all sectors. We are closely monitoring the situation as it evolves and will provide up-to-date information related to the wide range of issues arising during this challenging time.

In the meantime, if you would like to contact any of our team members, please use the usual contact details.

 

Kind regards,
Your ZRVP team