Bulgaria


Starcom files €150 million investment treaty claim against San Marino in escalating ‘bank heist’ saga
The filing marks the first time a foreign investor has openly threatened treaty-based arbitration against San Marino over its handling of a major banking transaction
Lukoil unit threatens legal action against Bulgaria over special administration
Swiss-based Litasco, the international supply and trading arm of Russia's Lukoil, may initiate arbitration proceedings against Bulgaria after the country transferred the management of Lukoil's local subsidiaries to a special administrator.
Commission opens in-depth investigation into arbitration award ordering Bulgaria to pay compensation to ACF
The European Commission has opened an in-depth investigation to assess whether an arbitration award, in which Bulgaria is ordered to pay compensation to ACF for changes to a renewable electricity support measure, is in line with EU State aid rules.
ICSID rejects Romania's call to terminate Eurohold's EUR 500 mln arbitration request
The International Center for Settlement of Investment Disputes in Washington rejected the Romanian government's request to terminate the arbitration case filed by the Bulgarian group Eurohold and its insurance arm Euroins Insurance Group.
Eurohold and EIG launch EUR 500 mln arbitration proceedings against Romania
Eurohold Bulgaria AD and Euroins Insurance Group AD said they have officially filed a request for arbitration against the government of Romania at the International Centre for Settlement of Investment Disputes in Washington, DC.
Nexo initiates international arbitration case against Bulgaria
Cryptocurrency-based financial services company Nexo has filed a case against Bulgaria in an international arbitration court in the USA.
Bulgaria says Oman has withdrawn arbitration claim over Corpbank
Oman’s sovereign wealth fund has withdrawn an 80 million euro claim against Bulgaria over the collapse of Corporate Commercial Bank (Corpbank), the Bulgarian finance ministry said.
ICSID tribunal rejects EVN claims for further compensation from Bulgaria
EVN and Bulgaria reached an out-of-court settlement, under which part of the claims regarding the remuneration obligations for renewable energy were offset between a Bulgarian EVN subsidiary and the Bulgarian state-owned National Electricity Company.
Japan, Bulgaria agree to boost cooperation on Japan-EU free trade deal
Japan aims to set up a business forum to facilitate Japanese companies' making inroads into Bulgaria so that those companies can discuss challenges they face with the Bulgarian government.
Borissov: In CETA deal, Canada lifts visa requirements for Bulgarians, Romanians from December 1 2017
Bulgaria and Romania withdrew their objections to the EU-Canada Comprehensive Economic and Trade Agreement (CETA) after getting written assurances from Ottawa that Canada will remove visa requirements for Bulgarian and Romanian citizens from December 1 2017