Ministry of Public Finance (MFP) will not have to pay anymore to Ioan and Viorel Micula brothers once again the amount of RON 376 million, as well as the related interest as the International Centre for Settlement of Investment Disputes (ICSID) has ordered, the quoted ministry announced on Wednesday.
The ruling is final.
By decision no. 887 / 12.15.2015, Romania’s Constitutional Court (CCR) rejected the objection of unconstitutionality regarding the legislation under which the Romanian state has paid according to Washington-based court’s decision.
Basically, CCR has constitutionally endorsed the legal mechanism built by the Romanian State for implementing the decisions rendered by judicial or arbitral courts, with incidence in state aid, a mechanism applicable even in Micula case.
However, although the Romanian State has paid the compensations based on national legislation issued in full accordance with the Constitution, Micula brothers are trying to execute Romanian State by appealing to courts in other states on whose territory there are goods of the Romanian State.
European Commission actively intervenes in all disputes in which the Romanian State is sued by the Romanian businessmen.