Djingov, Gouginski, Kyutchukov & Velichkov is reporting that it reached an out-of-court settlement for Italy's Mosaico+ Srl., in a commercial dispute over collection of outstanding receivables with Bulgaria's Temena LTD EOOD, which specializes in spa and wellness equipment.
DGKV describes Mosaico+ as "a prominent Italian mosaics producer [that is] part of the Mapei group, a worldwide producer of adhesives, thinsets, and sealants for buildings."
According to DGKV, as a result of the settlement, "Mosaico received the full amount of the outstanding principal under its contract with Temena LTD EOOD, thus saving further time and costs associated with initiation of litigation proceedings." According to the firm, it "protected Mosaico’s legal interests in the best possible way demonstrating thorough knowledge of international sale purchase law, including Vienna Convention for International Sale of Goods and best-of-class professional skills and persistency in out-of-court dispute resolution."
The DGKV team included Partner Angel Ganev and Associate Vlada Tsenova.