BANKRUPTCY, BANKRUPTCY REORGANIZATION AND CREDITORS’ RIGHTS
Partners in the company collaborated on an expert legal level in the bankruptcy reorganization of Nova Plama Jsc. – Pleven and provided counsel in the course of recovery of the normal business of the oil refinery.
Partners in the Company have participated in the elaboration of the bankruptcy reorganization plan of Stomana Jsc. – Pernik and have further advised its implementation. They also consulted various issues in the bankruptcy procedure including the formal confirmation by the court of the bankruptcy reorganization scheme and the termination of the respective proceedings. Later they represented the company in a number of tax and other commercial cases with significant material impact.
The law firm represents creditors in bankruptcy procedures, such as Shell Bulgaria Jsc., or the Italian National Air Traffic Agency (E.N.A.V.) during the bankruptcy procedure of Bulgaria airline operator BGA Balkan. We have also been selected to defend insolvency cases of other banks-creditors, such as „TSB Bank” Jsc. „Economic and Investment Bank Jsc. ING Bank – Sofia Branch, currently Raiffeisenbank (Bulgaria) Jsc.