22
Tue, Sep
42 New Articles

Georgiev, Todorov & Co. Successful in Atomstroyexport Arbitration

Bulgaria
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Georgiev, Todorov & Co. (GTC), working with Sidley Austin, has successfully represented the Russian company Atomstroyexport in a dispute with the Bulgarian National Electric Company (NEC) before a three-member panel of the International Court of Arbitration at the International Chamber of Commerce in Geneva involving the Belene nuclear power plant. NEC was represented by White & Case.

According to the panel’s judgment, NEC is required to pay Atomstroyexport EUR 620 million. GTC reports that, “as the applicable law in the case was Bulgarian law, it also allows for high interest on arrears which can be charged over the claim, as well as for previous periods."

Georgiev, Todorov & Co. at a Glance

Established in 1991, Georgiev, Todorov & Co. Law Offices is one of the first Bulgarian law firms.  It has a particular emphasis on the Banking and Finance, M&A and Concessions, Energy and Natural Resources, Real Estate and Construction, and TMT sectors. The law firm has built a corporate culture, focused on a decision-oriented approach and aimed at understanding the business needs of both domestic and international investors and entrepreneurs in order to fully protect their interests, help them realize their full potential and achieve their business goals. One of its main advantages is the outstanding combination of in-depth knowledge of the substantive law and regulations, and the unparalleled expertise in judicial and arbitral representation, which enables it to provide specifically tailored legal services and to avoid any potential risks for its clients.

Georgiev, Todorov & Co. has participated in many landmark transactions for key players such as the Bulgarian National Bank, Bulgarian Telecommunication Company, Bulgarian Stock Exchange, European Commission, Roche Bulgaria and Microsoft Corporation. The law firm is unquestionably recognized for knowledgeable professionals and outstanding legal assistance in multiple sectors by the most reputable international directories. Moreover, it is a member of several highly recognized global legal organizations, which provides it with an access to extensive information and professional networks, and facilitates the connection with foreign clients for legal issues in all aspects of law.   Georgiev, Todorov & Co. guarantees for the services provided through the implementation of internationally recognized certified systems of quality management (ISO). 

Firm's website: https://georg-tod.com/