RTPR and Allen & Overy have achieved a successful outcome for Premier Energy in an international arbitration case conducted under London Court of International Arbitration arbitration rules.
According to RTPR, “the dispute arose between two companies which operate in the oil & gas industry, Premier Energy (Romania) as claimant and Adler Energy (Austria) as respondent, due to the impossibility of delivery of the initially agreed quantity of gas. The main legal issue of the case was to determine the price of gas that should have been delivered, based on a mathematical formula. The Arbitral Tribunal awarded to the claimant all damages claimed, including the price difference paid by Premier Energy to cover Adler’s breach of contract.”
The RTPR team was led by Partner Valentin Berea and included Senior Associates Vicu Buzac and Raluca Tudoroiu.
Allen & Overy's was led by Partner Lucia Raimanova and included Associate Matej Kosalko.