Apr 7

ENEMONA AD within insolvency proceedings

  On 03.04.2017 Sofia City Court (SCC) has initiated insolvency proceedings against ENEMONA AD – one of the leading construction and engineering companies in Bulgaria until recently. As stated in the Trade Registry, Elvira Gronik Tancheva is assigned as temporary insolvency assignee. Her report on the proceedings altogether with the election of permanent insolvency assignee will both be in the agenda of the first creditors meeting scheduled for 18.05.2017.

May 4

Awarding Due Obligations Stipulated in Foreign Currency

  With its interpretative decision from 29th Apr 2015 on interpretative case No 4/2014 of the General Assembly of the Civil and Trade Chamber (GACTC) the Supreme Court of Cassation gave a mandatory interpretation of the so far contradictory case-law concerning the right of courts to award the BGN equivalent of obligations stipulated in foreign currency.