Two of our partners, and all of our associates and support staff are based in Sofia. The office has high quality communication, IT and document-handling capabilities. The Sofia office co-ordinates our work throughout Bulgaria. Our main office in Sofia undertakes most of the corporate, commercial, intellectual property, ADR, competition, and other cutting-edge work we do. Based out of Sofia, we can also maintain a presence in other locations, depending on client needs.
New Balkans Law Office
19-B Patriarh Evtimiy Blvd
Sofia 1142, Bulgaria
Telephone +359 (0) 2 950 6239
Facsimile +359 (0) 2 489 4333
Our London office undertakes client liaison and allows the firm to serve the needs of clients directly. You are always able to contact us in London to discuss issues which require an immediate conference or otherwise demand attention in person. All types of work performed by our Bulgarian lawyers are supported and liaised on from London. Two of our partners share their time between London and Bulgaria.
New Balkans Law Office
27 Redcliffe Gardens
London SW10 9BH
Telephone +44 (0) 20 7183 0262
Facsimile +44 (0) 20 7117 1718
Stopping the improper use of insolvency proceedings
A client of our dispute resolution team (led by Kamen Shoylev and Yordan Neshkov) was recently the subject of an indirect claim by a Bulgarian bank with which this client has been engaged in a multi-stage dispute. Unusually, the bank acted through a vehicle registered in an African state, which made an unfounded claim in the tens of millions of euros against our client and sought the commencement of judicial insolvency proceedings against this client. The offshore vehicle was chosen to isolate the bank from liability and create certain evidential difficulties for our client's representation.
NBLO succeeded in terminating the insolvency proceedings, with direct loss fully awarded to our client. A second claim to recover our client's indirect losses is currently under way.
Where targeted in this way through insolvency proceedings, a company may be prevented from trading properly (e.g., by suffering restrictions on its financing or being unable to participate in public procurement).
Through our considerable experience in insolvency litigation, both entirely domestic and where there are European and cross-border elements, we are ideally placed to assist clients in resisting such attacks and recovering the real and considerable losses that may be suffered.
© New Balkans Law Office 2018