23 October 2012
We are tremendously proud to serve as one of the lead sponsors of the London Festival of Bulgarian culture. The festival will be taking place throughout November in locations across London – it is a celebration of the finest music, art, theatre and film Bulgaria has to offer.
One of the qualities we appreciate most about the festival is the impressive range of talent that it attracts each year. From classical music, to jazz, folk music, poetry, dance and beyond, there is representation from nearly every musical and art genre—a true reflection of Bulgaria’s diverse artistic history.
Supporting the arts is very important to us at New Balkans Law Office, and it is wonderful to see Bulgarian culture promoted in London. We look forward to another extraordinary year at the London Festival of Bulgarian culture, and hope you enjoy this memorable experience with your friends and family.
If you would like to find out more about the events the Festival offers, please find attached a link to the programme here. You can also visit the official London Festival of Bulgarian culture website here.
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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