30 November 2015
NBLO's dispute resolution team, led by Yordan Neshkov, secured a success against a large Bulgarian insurer in a claim brought on behalf of a UK national, who had lost her property in a fire. The insurer had refused to pay out under the insurance, on the grounds that a widely drawn clause in its general terms allegedly excused it from paying whenever there was a breach of building regulations, even if (as was accepted in this case) this breach was invisible externally, could not be discovered through reasonable investigation and was not caused by the insured. NBLO had good reasons to argue that this position was unsupported in the Bulgarian Insurance Code or civil law generally and persuaded the Supreme Cassation Court to back it. This is covered more fully in an article on our website.
The bid of one of Europe’s leading energy groups to acquire a nuclear project in Bulgaria
Members of our team advised one of Europe's leading energy groups on its bid (legal due diligence and transaction support) to acquire 49% of the shares in the company intended to construct and operate a Nuclear Power Plant in Bulgaria.
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