We are aware that nowadays making business is a global adventure and challenge. Global organizations and multinational companies need integrated solutions to key employment and immigration issues when working across jurisdictions.
Corporations with international operations move their people around the world and need to do this efficiently. This requires professional and flexible legal support to immigration.
Bulgarian immigration law, like that of most jurisdictions, employs a range of restrictions and procedures, most of which involving a considerable amount of time and documentation as a burden on employers intending to relocate expatriate staff to Bulgaria; second or implement an intra-company transfer or assign project-based employees or contractors. Our lawyers are familiar with these procedures, as well as the prevailing practices of the competent authorities, and are capable of leading you through the thicket of these, while striving for the most effective outcome.
With a fundamental emphasis on compliance, we can help you get necessary visas, work and residences permits, determine applicable visa categories and advise on immigration topics and processes. We offer valuable insight into which immigration law provisions work in an immigrant-friendly fashion. Our goal is to deliver legal advisory services so that as far as possible a decision to assign staff to Bulgaria is taken without the need for any special consideration.
We also extend the services of our corporate immigration practice to business people who wish to relocate to Bulgaria to start or develop a business venture and in doing so, we collaborate internally with our private client team.
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 2017