NBLO attends the Wealth Pro Russia Moscow Conference 2017

Category: Events

3 April 2017

The Wealth Pro Russia Moscow Conference was held on the 3rd and 4th of April at the Moscow Marriott Royal Aurora Hotel.

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.

Our associates, Nevena Bekyarova and Maria Pinegina covered the Bulgarian Citizenship by Investment Programme.

Nevena Bekyarova at Bosco conference

You can watch the speech given at the conference by following this link to YouTube.

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


Recent work:

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