Friday 20 May 2016
NBLO’s Managing Partner, Kamen Shoylev, and Associate, Néstor Suárez, are taking part in the 7th Annual STEP Miami Summit.
The summit is being held on Friday May 20th in Miami, and is an excellent opportunity to review the latest issues concerning international private client planning with the leading professionals in the area.
This is an opportunity for New Balkans Law Office to acquire and maintain up-to-date best practice know-how in the field of estate planning, taxation and in private and family office investment structuring, and to maintain links with professionals in a large number of jurisdictions bringing a significant benefit to its clients.
As Bulgaria's go-to firm for cross-border businesses, NBLO strives to maintain such international exposure continuously.
Advising on an LCIA claim
Suppliers with less bargaining power sometimes accede to arbitration clauses which make bringing or defending a claim prohibitively expensive.
In such cases, it is especially important when acting for the potential claimant (and subject to a judgement on the overall viability of the claim), to offer a cost-effective solution to allow the claim to get off the ground. This may include assessing whether the arbitration clause is likely to be found effective or pathological, and whether it may be permissible and advisable to launch court proceedings instead (which can be more economical especially in their early phases).
It is also helpful to be able to rely on advice which is simultaneously excellent in relation to both the jurisdiction in which enforcement is likely to be sought (e.g., Bulgaria) and the jurisdiction whose governing law the parties have agreed to apply or which applies for another reason.
NBLO recently acted for a potential claimant in such a situation alongside the client's existing Bulgarian counsel to advise on the interplay of the arbitration rules of the London Court of International Arbitration (LCIA) and Bulgarian law and on the mechanics and prospects of a claim. We regularly and successfully collaborate with clients’ existing counsel to achieve the best results for such clients.
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