Market News


Stage of a litigation

Release Date: 12/7/2016 5:29:45 PM

IRIS Code: 991E0

No. 10234/7.12.2016  

To:      Financial Supervisory Authority

            Financial Instruments and Investments Sector

            Fax: 021- 659.60.51


            Bucharest Stock Exchange – Regulated market

            Fax: 021- 256.92.76


From:   Bursa de Valori Bucuresti S.A. (Bucharest Stock Exchange)




According to Regulation no. 1/2006 on issuers and operations with securities and Law no. 297/2004 on capital market


Report date: 7 December 2016

Name of the issuing company: BURSA DE VALORI BUCURESTI S.A.

Registered office: 34-36 Carol I Blvd, 13-14 floors, district 2, Bucharest

Phone/fax number: + 4 021/307.95.00, + 4 021/307.95.19

Sole Registration Code with the Trade Register Office: 17777754 

Order Number in the Trade Register: J40/12328/2005

Share capital: RON 76,741,980

Regulated market on which the issued securities are traded: Bucharest Stock Exchange – Premium Shares Tier (market symbol: BVB)


Important events to be reported: Irrevocable decision of the High Court of Cassation and Justice – Second Civil Chamber regarding the case no. 979/3/2012



Bursa de Valori Bucuresti, hereby informs the public that, in the case no. 979/3/2012 pending before the High Court of Cassation and Justice – Second Civil Chamber, in the higher appeal stage, on December 6, 2016 the court rejected the higher appeals of Appellant (Plaintiff) -  Muntenia Imobiliare Development SRL, Appellant (Defendant) -  Banca Comerciala Romana S.A. Bucuresti and Appellant (Defendant) - Erste Group Bank A.G. against the civil decision no. 1878/November 12, 2015 of the Bucharest Court of Appeal - Civil Section. The decision is irrevocable.



Please be informed that:

-       In the appeal stage, by decision no. 1878/November 12,2015, the Bucharest Court of Appeal maintained the dispositions of the resolution of the Bucharest Tribunal related to Bursa de Valori Bucuresti S.A. and ordered to Muntenia Imobiliare Development SRL (Appellant) to pay to Bursa de Valori Bucuresti S.A. the amount of Lei 10,176 lei representing costs incurred during the appeal stage; and


-       In the merits stage, by Resolution no. 1442 /March 23, 2014, Bucharest Tribunal rejected the application filed by Muntenia Imobiliare Development SRL and ordered Muntenia Imobiliare Development SRL to pay to Bursa de Valori Bucuresti S.A. court costs in the amount of 19,383.69 lei (representing attorney fees).


There are no other events to be reported.


Marius-Alin BARBU

Deputy CEO





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