* The Chamber of Commerce and Industry of Romania had suspended the Approval of Force Majeure granted to "Hidroelectrica"
"Hidroelectrica" will keep the provisions concerning the force majeure situation in the contract concluded with "Energy Holding", according to the ruling rendered on Thursday by the Court of Appeal of Bucharest.
According to a press release of the company, the court has decided to suspend the execution of the Resolution issued by the Managing Office of the Chamber of Commerce and Industry (CCIR), by which the Force Majeure Approval granted to "Hidroelectrica" for the contract concluded with "Energy Holding" was revoked, as it considered that the decision in question "shows serious signs of illegality".
"This document revoking the approval, was abusively issued at the request of the lawyers of < Energy Holding > by the Chamber of Commerce, which claimed that the approval of the force majeure of September 2011 had not been signed by the chairman of the CCIR", "Hidroelectrica" officials say.
Supported by "Hidrosind"- the union organization of the employees of "Hidroelectrica", the company requested that the Court of Appeal issue a ruling to suspend the Resolution, which would have caused "Hidroelectrica" to be required to deliver to "Energy Holding" all the amount of energy provided in the contract, including for the two months of when the license of force majeure has produced its effects.
The important losses which the decision of the CCIR to suspend the case of force majeure can cause to "Hidroelectrica" and to the national energy grid was one of the reasons why the Court revoked this decision.
According to the press release, "Energy Holding" also intervened in defense of the Romanian Chamber of Commerce and Industry, but the Court of Appeal rejected the intervention of this company, deeming it unfounded.
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