Enforcement Client Note

NBLO’s Enforcement Client Note considers all aspects of enforcement in Bulgaria. It discusses the scope of enforcement; its execution (commencement, progress and termination) and its limits. The note examines the subject from the viewpoints of both creditor and debtor.

The second part of the note describes the treatment of awards and determinations by other bodies. This includes a discussion of how various regulatory, quasi-judicial and self-regulatory bodies and interact with court judgments, as well as considering how “Brussels regime” judgments are enforced.
To download our note, please click here:

NBLO ENFORCEMENT CLIENT NOTE

NBLO also contributed a section on enforcement and civil remedies from a foreign investor perspective in the Invest Bulgaria Agency’s “Legal Guide to Bulgaria”.  This was published as a chapter in editions in 2010 and 2011. The contribution can be found here:

http://investbg.government.bg/



Recent work:

NBLO helps Dutch investor win summary judgment in High Court for the sum of GBP 192,000

New Balkans Law Office has acted for Mr Kooter, the individual claimant in legal proceedings recently covered by the British press (e.g., The Evening Standard) and subsequently also in Bulgarian news media (e.g., 24 Chasa).

NBLO has represented Mr Kooter throughout the matter. We assisted with the enforcement of a worldwide freezing order issued by the High Court in London against real estate, bank account and other assets of the defendant situated in Bulgaria. As part of the attempts to preserving assets for enforcing his claim, the claimant also proceeded on the basis of prejudiced against him as a creditor. NBLO additionally acted on various ancillary aspects.

Separately, through one of NBLO’s partners who is dual-qualified as an English barrister, NBLO formed part of Mr Kooter’s UK legal team. In the UK, Mr Kooter won summary judgment for the sum of £192,000, interest and legal costs. The sum awarded was the entire claim by Mr Kooter relating to sums which Ms Radeva had ostensibly offered to invest on his behalf. For a separate part of the claim (approx. €36,000), the High Court was unable to give a summary (effectively, early-stage) judgment on the basis that unlike the investment related claim, the basis of these transfers could not be established without a full investigation of evidence including oral hearings.

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