2 February 2018
The Russian Wealth Advisors Forum took place in Zurich this week from 31st January until 1st February, 2018.
As a law firm working in both Bulgaria and the United Kingdom, and specialized in immigration, New Balkans Law Office attended as a company speaker. High quality, in-depth insights on the Bulgarian investment immigration programme were highlighted by advocate Shoylev.
The Bulgarian Citizenship by Investment Programme offers the possibility to acquire the citizenship of Bulgaria, a member of the European Union, by making an investment. This is an important advantage, as other programmes require to make a donation to the government, buying a property or the creation of jobs.
By making an investment, the programme allows the applicant the possibility of making profit, as well as of a contribution to the Bulgarian economy.
A further advantage is the wide range of qualifying investment classes, and the option of a Fast Track, which allows the applicant to obtain citizenship in 1.5 years.
Find more information about the Bulgarian programme on the following links:
EU Citizenship by Investment in Bulgaria
FAQs about the Bulgarian Citizenship by Investment Programme
If you are interested on the programme, please contact us directly.
An ~€1M claim on behalf of real estate consultants
NBLO’s dispute resolution lawyers represented UK-based real estate consultants who had structured a € 40-million-worth commercial property project on the Bulgarian Black Sea coast. In breach of an applicable contractual obligation, the consultants had not been paid the agreed success fees for their services. The then director of the defaulting party had been tragically shot dead in the meantime.
Following a hotly contested first instance, with below-the-belt attempts by the other side (the least untypical perhaps being the claim that the contract had been a forgery and a trial-within-a-trial on the issue), our team succeeded in obtaining a judgment at first instance. The parties were then able to achieve a significant settlement.
The key skills we were able to bring to bear in providing a solution included searching for solutions across the problem domain; appropriately involving representatives of Bulgaria’s EU partner member-states to buttress judicial independence; and resourcefully dealing with heterodox approaches by our judicial opponents.
© New Balkans Law Office 2018