19 October 2013
The British Embassy in Sofia has just released its list of Bulgarian lawyers (research on the list began in late spring 2013). The list does not represent an endorsement by the UK government of specific lawyers, however inclusion in it now follows a rigorous process of selection and analysis.
New Balkans Law Office ("NBLO") is proud to be included no less than 6 times and is indeed the firm that is most often mentioned. We are ranked in 3 out of 4 areas on the list (in Property, Company Law and Criminal Law).
The list is most likely to be of use to British, Irish and other English-speaking foreign individuals conducting SME business in Bulgaria or who need legal assistance to organise their affairs including property and conveyancing, issues surrounding rental and management of property, inheritance and wills, personal tax, family law issues (including children, marriage, naming and termination of marriage) and various other issues.
New Balkans Law Office is proud to have served a very large number of UK individuals over the years as well as many from other English-speaking countries, and remains committed to providing services to clients who have roots or connections in the two jurisdictions. Uniquely, we serve our UK and Bulgarian clients out of offices in both Bulgaria (Sofia and Rousse) and the UK (London) and provide high-quality Western-style advice at affordable costs.
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 2019