The fine imposed by the Competition Council to AEGON, reduced with over 80 percent

Aegon Societate de Administrare a unui Fond de Pensii Administrat Privat S.A. (AEGON) along with other managing companies of mandatory private pension funds (Pillar II) were sanctioned by the Council of Competition for an alleged allocation of customers.

RTPR Allen & Overy, the representatives of AEGON in this situation, managed to obtain in court a reduction with over 80 percent of the fine imposed.

In the first instance, The Bucharest Court of Appeal annulled the fine. Then, the High Court of Cassation and Justice had to send the case file for retrial back to the Bucharest Court of Appeal considering the fact that the Court of Justice of the European Union (CJEU) responded in a different way to a preliminary question addressed by the High Court of Cassation and Justice in another case file having as object the annulment request against the same decision lodged by another sanctioned company.

RTPR was incorporated in 2004 and has been working in association with Allen & Overy since 2008. RTPR Allen & Overy has a team of 42 lawyers, including 5 partners: Costin Tărăcilă, Victor Pădurari, Alexandru Retevoescu, Mihai Ristici, Valentin Berea and also Prof Dr Lucian Mihai, Of counsel.

by Mihaela Constantin

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