🚀We are very proud to announce a sweeping victory on behalf of one of the main infrastructure contractors in Romania in a complex multi-million EUR dispute against CNAIR stemming from a construction public procurement contract. Our team successfully represented the client in an intricate international arbitration case concerning the adjustment mechanism related to major road infrastructure works, bringing together complex commercial, technical and legal issues in the context of our client’s fundamental right to fair compensation. Following an intense 2 years process, the Arbitral Tribunal issued its final award ruling in favor of our client on all counts and all claims. The Tribunal decisively validated our client's position and awarded not only the outstanding principal amount but also material delay penalties and further damages to cover monetary devaluation. Full recovery of arbitration costs and legal fees was also secured. This landmark win reinforces the critical imp...
The EU Corporate Sustainability Due Diligence Directive: A New Era for Business Responsibility Authors: Miruna Suciu, Elisa Cristea The European Union's Corporate Sustainability Due Diligence Directive (CS3D) in force since July 2024, represents a landmark shift in how businesses must approach their environmental and social impacts across global value chains. This groundbreaking legislation establishes mandatory human rights and environmental due diligence requirements for companies operating in the EU market. Core Requirements The directive requires large companies to identify, prevent, mitigate, and account for adverse impacts on human rights and the environment throughout their value chains. This includes both their own operations and those of their established business relationships. Companies must: (i) Integrate due diligence into their corporate policies (ii) Identify actual and potential adverse impacts (iii) Take appropriate measures to prevent and mitigate these impacts ...