Comtim’s block of apartments put out for sale

G.P.

published Friday, November 8^th, 2002 in Evenimentul Zilei

The Timisoara’s First Court ruled a few days back on the issue of the sale of the apartments of the ex-Comtim’s block of apartments to their tenants. This ruling comes after two years before they were promised that the liquidating company will sell to them the apartments. Then the people have paid part of the requested amount, which was eventually reimbursed. This autumn the tenants requested from the Court to rule on the possibility to purchase the apartments in which they are tenants. On the first Court date the Judge Mircea Todor ruled in favor of the tenants. In other words PriceWaterCoopers, Comtim’s liquidator, is required to sell the apartments to the 79 tenants. The liquidator can appeal, as in its quality PriceWaterhouseCoopers is mandated to sell as many and as dear as possible Comtim’s assets in order to cover the debt of the company. It is interesting, however, that precisely on the day of the trial the company has decided to announce the public auction of the block of apartments. The tenants assert that this public auctioning on the same day of the Court trial was an action through which the managers of the Comtim’s liquidating company intended to bully them. Radu Bufan, director of PriceWaterhouseCoopers, told us that the company that he represents has placed the block of apartments on public auction “as an alternative if we win the trial.” He added that the company will appeal the First’s Court decision and he expects a positive reaction. “Up to this moment we didn’t negotiate the sale of the block of apartments with anyone. We only discussed it with the tenants.”

The Romanian version can be seen here.

go back to the main page