Suspension of decision no. 288/23rd of November 2011 of ORDA
This is to inform you that, as from the 18th of January 2012, Decision no. 288/23rd of November 2011 whereby ORDA (Romanian Copyright Office) granted to CREDIDAM (Romanian Center for Performers’ Rights Management) a deadline for compliance with the law until the amendment of the Memorandum of Incorporation with regard to the manner of revocation of agency agreements was suspended by the Bucharest Court of Appeal through the Civil Judgment no. 300/18th of January 2012, issued in docket no. 10072/2/2011.
Until the ruling of the court as regards the cancellation of Decision no. 288/2011, the performance of Decision no. 288/2011 will be suspended, and the Memorandum of Incorporation of CREDIDAM will be applied in the form endorsed by ORDA on the 18th of March 2011. Consequently, the revocation of the mandates will be made in accordance with the provisions of art.8, para. 10 of the CREDIDAM Memorandum of Incorporation.
