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Georgiev, Todorov & Co Successfully Defends Dundee Precious Metals Chelopech

Georgiev, Todorov & Co Successfully Defends Dundee Precious Metals Chelopech

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Georgiev, Todorov & Co has successfully defended Dundee Precious Metals Chelopech in front of the Supreme Administrative Court in a tax law case against the National Revenue Agency.

According to Georgiev, Todorov & Co, Canada-based Dundee Precious Metals Inc is an international gold mining company engaged in the acquisition, exploration, development, mining, and processing of precious metals. "The mine in Chelopech is one of the largest gold mines in Bulgaria and is owned by Dundee Precious Metals Chelopech EAD. The dispute between Dundee Precious Metals Chelopech and the National Revenue Agency concerns the application of the current legislation in relation to the tax relief from life insurance policies concluded by the client’s employees and withholding of insurance prizes by the employer."

Following the proceedings before the Supreme Administrative Court, a decision made previously by the Administrative Court Sofia District which was unfavorable to Dundee was annulled.

Georgiev, Todorov & Co’s team included Lawyers Nikolay Lazarov, Arno Mamasyan, and Tsvetelina Dimitrova.

Bulgaria Knowledge Partner

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu

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