SCJ puts end to “Gemeni” case after Government implements ECHR decision

The Supreme Court of Justice (SCJ) brought to an end the “Gemeni” case. It decided to reject the applicants’ revision request after the €2.12 million in respect of non-pecuniary damage awarded by the ECHR was fully paid to the plaintiffs, IPN reports.

The ECHR obliged the Government of the Republic of Moldova to give back to the plaintiffs about one third of the areas offered to them after S.A.”Gemeni” was liquidated or to pay €2.12 million to them. The governmental agent filed a revision application against the court documents considered contrary to the Convection by the ECHR, revision requests being also made by other interested persons.

As a result of negotiations, given the plaintiffs’ refusal to take part in these, the Government decided to sign a transaction contract with S.A. “Gemeni” by which the latter committed itself to pay €2.12 million to the Government and a part of the delay interest for withdrawing the revision application by which it asked to restore the situation existing before 2005. Also, the Government undertook to concede to S.A. “Gemeni” plaintiffs’ shares that became its property following the payment of damages.

On May 26, 2021, S.A. “Gemeni” paid the sums agreed according to the transaction contract to the Government and the latter transferred the money to the plaintiffs during three hours.

According to the Government’s press service, the fulfillment of the ECHR decision enabled to save over 47 million lei from the state budget, to keep integral a business that is important for the national economy and to avoid a dispute in international arbitration with the current shareholders.

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