Djingov, Gouginski, Kyutchukov & Velichkov has successfully defended Electrohold Sales in an energy dispute involving clawback and insolvency recovery claims brought by an insolvency creditor in the insolvency proceedings of Future Energy.
Electrohold Sales is the former CEZ Electro Bulgaria. Future Energy is an electricity trader whose license was revoked in December 2017.
According to DGKV, "the total value in dispute was approximately EUR 2 million. The target of the clawback and recovery claims was the setoff of accounts receivable against Future Energy and the drawing of a bank guarantee both initiated by CEZ Electro Bulgaria (now Electrohold Sales) as a creditor of Future Energy in December 2017 in the aftermath of the withdrawal of Future Energy’s electricity trading license."
The DGKV team included Partners Gergana Monovska, Angel Ganev, and Anton Krustev, and Senior Associate Galin Atanasoff.
