Iveco Defence Vehicles secures EUR 700 million contract with support from bpv Grigorescu Stefanica

bpv Grigorescu Stefanica advised Iveco Defence Vehicles (IDV), part of the CNH Industrial group of companies, during the public procurement procedure of the Romanian Ministry of National Defence for the acquisition of more than 2.900 high mobility trucks for a total contract value over EUR 700 Million.

The procedure was finalized with the awarding of the framework agreement to IDV in December 2019, the first batch of 942 vehicles to be delivered over four years, starting 2020.

During the past 12 months, the procedure was challenged several times by IDV’s closest competitor, but the Romanian courts dismissed all claims.

IDV was advised by a joint team of public procurement and litigation experts led by Anca Albulescu, Partner and Head of the Public Procurement Practice, and Daniel Ștefănică, Partner and Head of the Dispute Resolution Practice of bpv Grigorescu Ștefănică, assisted by Raluca Marcu, Managing Associate, and Serban Dumitrescu, Senior Associate.