It claims the property company violated the terms of a partnership concluded in 2007 on 1,000 apartments for the project IE Baneasa. Allegedly envisioned as a €150m investment, it was suspended in 2012 after Baruba’s purchase of a 63,000 sqm plot of land. (source: encompassme.com)
Baruba Trade claims €7m in damages from Immofinanz
Baruba Trade & Invest Limited filed an application Thursday at the Arbitration Court of the Chamber of Commerce and Industry demanding €7m in compensation from Immofinanz.
