Deals & Cases

USD 4.5 Million Banking Litigation Succesfully Defended


The firm’s litigation team represented one of the biggest Bulgarian banks in a court case initiated by the trustees in the insolvency of another Bulgarian bank. The claim had a value of about 4.5 million US dollars was successfully defended by the firm’s litigators.

The case raised interesting legal issues, as regards the succession in judicial proceedings in claims brought by a claimant dissolved in the context of insolvency, where its going concern was transferred to a third party.