KENZIE GLOBAL LIMITED LTD v. MOLDOVA - 287/07 (Communicated Case)

Application no. 287/07 KENZIE GLOBAL LIMITED LTD against Moldova lodged on 27 December 2006

The applicant, Kenzie Global Limited Ltd, is a company incorporated in the United Kingdom . It is represented before the Court by Ms V. Moraru , a lawyer practising in Bucharest , Romania .

The facts of the case, as submitted by the applicant, may be summarised as follows.

At the time of the events the applicant company was the creditor of a company C. which, in its turn, was the credit or of a company P. On 1 October 2005 the applicant company and company C. concluded an agreement by which the debt owed by company P. to company C. was assigned to the applicant company in lieu of the debt owed by company C. to the applicant company.

Later company P. became bankrupt and the insolvency procedure was commenced in its respect. On 10 May 2006 the applicant company requested the Chisinau Economic Court to replace company C. with itself in the list of creditors of company P. In so doing, the applicant company relied on the agreement of 1 October 2005 concluded between itself and company C.