31 October 2017
The 2017 International Migration Summit Guangzhou is going to be held on the 9th and 10th of November at the Conrad Guangzhou Hotel.
As a law firm working in both Bulgaria and the United Kingdom, and specialized in immigration, New Balkans Law Office is proud to announce our future cooperation with Sangko as a Gold Sponsor for their renowned International Migration Summit in Guangzhou, China.
Our associate, Ivan Petrov, will cover the Bulgarian Citizenship by Investment Programme and introduce the new finance product that we are planning on rolling out as to better respond to the market demands.
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
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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