{"id":122852,"date":"2016-09-05T00:00:00","date_gmt":"2016-09-04T21:00:00","guid":{"rendered":"https:\/\/rhn.ro\/intercontinental-hotel-company-to-sue-businessman-dan-adamescu-and-his-son\/"},"modified":"2026-03-28T16:10:13","modified_gmt":"2026-03-28T14:10:13","slug":"intercontinental-hotel-company-to-sue-businessman-dan-adamescu-and-his-son","status":"publish","type":"post","link":"https:\/\/rhn.ro\/en\/intercontinental-hotel-company-to-sue-businessman-dan-adamescu-and-his-son\/","title":{"rendered":"Intercontinental Hotel Company to Sue Businessman Dan Adamescu and His Son"},"content":{"rendered":"<div>The Intercontinental Hotel Company, which operates the 5-star InterContinental hotel in Bucharest, will sue businessman Dan Adamescu and his son, Alexander, after Astra Asigurari, a company controlled by the Adamescu family that holds a stake in the hotel, was declared bankrupt in court.<\/div>\n<div><\/div>\n<div>The lawsuit will be filed against them as administrators of the company operating the hotel, as well as against other individuals, former administrators, in the form of a liability action.<\/div>\n<div><\/div>\n<div>A liability action against administrators is a procedural legal means used by the General Meeting of Shareholders to recover damages caused to the company by them as a result of breaching their duties.<\/div>\n<div><\/div>\n<div>In April, the Astra Insurance-Reinsurance Company, controlled by the Adamescu family, was declared bankrupt by the Bucharest Court of Appeal.<\/div>\n<div><\/div>\n<div>Astra, through its Sector 3 Agency, holds nearly 17% of the shares in the InterContinental hotel operator and is the second-largest shareholder after a Cypriot offshore company which the press has reported is also controlled by Adamescu.<\/div>\n<div><\/div>\n<div>Astra&#8217;s participation in the share capital was 13.6 million RON, a value close to the price that would be obtained if the stake were sold on the stock exchange.<\/div>\n<div><\/div>\n<p>Source: <a href=\"http:\/\/www.profit.ro\" data-wplink-url-error=\"true\">Profit<\/a><\/p>\n<h3>Frequently Asked Questions<\/h3>\n<p><strong>Why is the Intercontinental Hotel Company suing the Adamescu family?<\/strong><\/p>\n<p>The company is pursuing a liability action to recover damages resulting from a breach of administrative duties by the defendants.<\/p>\n<p><strong>What was Astra Asigurari&#8217;s involvement with the hotel?<\/strong><\/p>\n<p>Astra Asigurari was a significant shareholder, owning approximately 17% of the hotel operator&#8217;s shares prior to its bankruptcy.<\/p>\n<p><strong>Who are the defendants in this legal action?<\/strong><\/p>\n<p>The lawsuit targets Dan and Alexander Adamescu, along with several other former administrators of the hotel&#8217;s operating company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Intercontinental Hotel Company, which operates the 5-star InterContinental hotel in Bucharest, will sue businessman Dan Adamescu and his son, Alexander, after Astra Asigurari, a company controlled by the Adamescu family that holds a stake in the hotel, was declared bankrupt in court. The lawsuit will be filed against them as administrators of the company&hellip;<\/p>\n","protected":false},"author":0,"featured_media":66276,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2852],"tags":[],"thb-sponsors":[],"class_list":["post-122852","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hotels-restaurants"],"article_style_override":"","post-style":"","post_via":"","post-top-image":"https:\/\/rhn.ro\/wp-content\/uploads\/2019\/11\/hotelieri-2.jpg","_links":{"self":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/122852","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/comments?post=122852"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/122852\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/66276"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=122852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=122852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=122852"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=122852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}