Andrey Delchev & Partners is pleased to announce the successful conclusion of a highly complex international dispute, which involved nearly two years of work and concerned a significant financial interest of our client.
The matter involved numerous legal and factual complexities. The counterparty was a foreign sovereign state, requiring an in-depth examination of the applicable legal framework, institutional structure and decision-making processes in the relevant jurisdiction. Further challenges faced by the team included the risk of our Bulgarian corporate client’s claims becoming time-barred, disputes concerning contractual penalties for partial non-performance, and communications between the parties having been interrupted for several years. The matter was further complicated by actions detrimental to the client’s interests, taken without its knowledge by its’ representative.
The successful conclusion of the matter demonstrates the firm’s experience in resolving complex cross-border disputes requiring a combination of rigorous legal analysis, an understanding of foreign institutional environments and sustained efforts to re-establish communications between the parties.
