Romanian Court Allows Rompetrol Rafinare Delisting, Appeal Pending

The Bucharest Court of Appeals decided securities regulator CNVM should pay oil company Rompetrol 1 million lei (EUR1=RON4.0966) in moral damages after the blocked delisting of Rompetrol Rafinare (RRC.RO), according to a Rompetrol report issued Friday. Thus, the court cancelled the CNVM decision blocking Rompetrol Rafinare's delisting and decided the regulator should pay moral damages, but no material damages. Rompetrol had also requested material damages worth $50 million. The ...

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