Penkov, Markov & Partners has represented the interests of BA Glass Bulgaria, a part of the multinational glass producer BA Glass Portugal, in a dispute against Toplofikatsia Sofia EAD, a heating producer and supplier for Sofia.
The Sofia Court of Appeal upheld the decision of the Sofia City Court to reject Toplofikatsia Sofia's claim, which was based on Article 59 of Bulgaria's Obligations and Contracts Act and related to payment of compensation for alleged unjustified enrichment in connection with the use of gas-pipeline diversion without payment of fees or any other remuneration.
According to Penkov, Markov & Partners, "the core of the dispute was whether BA Glass Bulgaria AD owes to Toplofikatsia Sofia EAD payment of transfer fees, minding that it has settled its relations on the access and transfer of natural gas with Bulgargas EAD and pays to the public provider the transfer fees legally determined by the Energy and Water Regulatory Commission."
The Penkov, Markov & Partners team was led by Partner Roman Stoyanov and included Partner Svetoslav Dimitrov, Senior Associate Atanas Valov, and Associate Ralitsa Tihova.
