Parvan P. Parvanov, Esq., Prof. Dr. Berk Demirkol, Dr. Eda Cosar Demirkol replace Mayer Brown as international counsel to Jak Sukays and Edward Sukyas in a $2 billion investor-state dispute with the Republic of Romania under the UNCITRAL Arbitration Rules. The arbitration is seated in Paris, France and relates to Romania’s failure to apply its own modern-day laws to remedy victims of takings by the communist regime. Jak and Edward Sukyas are the heirs of Cinegrafia Romana CRA (“CIRO”) the largest film production and post-production studio in Romania and South-Eastern Europe, which was confiscated by the communist Romanian government in 1948. In a series of litigations in Romania’s courts, after 2001, Romania failed to return the main production facilities of CIRO (known as Laboratorul Mogosoaia) to Claimants, and further failed to compensate them for the value of the business stolen from Claimants’ father and uncle (the founders of CIRO).
