16 March 2018
The Sports Law & Business Conference was held on Friday 16 March at Manchester City’s Etihad Stadium and organized by St John’s Buildings, in conjunction with the Centre for Sports Law Research at Edge Hill University.
As a law firm with expertise in sports law, New Balkans Law Office was honoured to attend. Our partner, Yordan Neshkov, took part and contributed to the discussions on current issues in the sports law space.
This year's event attracted 160 delegates, and some of the topics discussed include:
Having acted for teams, agents and players before (in particular in football), and given our international connections (both of our partners are admitted to practise in England), NBLO will be glad to assist in any sports law matter. For more information, please, contact us.
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