20 years together

September 2014

30 September 2014

А Series of Success for the Tax Litigation Team

The team of Dimitrov, Petrov & Co. recorded breaking success in a series of appeals of tax revision acts, affirming its expertise in the area of tax law and tax litigation.

•    Dimitrov, Petrov & Co. Law Firm successfully represented a Bulgarian Premier League professional football club in a cassation procedure before the Supreme Administrative Court. Our lawyers challenged a tax revision act for the amount of EUR 400,000. The latter, sustained by the first-instance court, was fully repealed as a result of the legal support provided by the team, headed by the Partner Hristo Nihrizov.

•    A team of Dimitrov, Petrov & Co., headed by the Partners Hristo Nihrizov and Boyana Milcheva, successfully represented a large Georgian Internet service provider in the appeal of a tax revision act for the amount of EUR 250,000 related to applying a treaty for avoidance of double taxation. The revision act was repealed by a final decision of the Supreme Administrative Court.

•    A team of Dimitrov, Petrov & Co., headed by Boyana Milcheva, Partner, and Dimitar Karabelov, Senior Associate, represented a company specialising in metal casting before the Sofia City Administrative Court in a procedure against the National Revenue Agency regarding a refusal of tax deduction under the Value Added Tax Act.  A tax revision act for the amount of 100,000 EUR was repealed by the first-instance court.

•    A team of Dimitrov, Petrov & Co., headed by the Partner Boyana Milcheva, represents a non-governmental organisation, an EU Programmes beneficiary, in a lawsuit related to a refusal of tax deduction under the Value Added Tax Act by the National Revenue Agency. The tax revision act for the amount of 26,000 EUR was repealed by the first-instance court, and the case is still pending at the cassation instance. The court practice on the specific matter in dispute is still limited. If the first-instance decision is upheld by the Supreme Administrative Court, this case will introduce a new court practice of importance for the businesses.

***

A team of Dimitrov, Petrov & Co. Law Firm successfully advised a Bulgarian company in the process of financing the full acquisition of a leading pharmaceutical company from a US private equity investor

A team of Dimitrov, Petrov & Co. Law Firm, led by Zoya Todorova, Partner, successfully advised the Bulgarian investment company Advance Properties OOD in connection with the full acquisition of the pharmaceutical company Huvepharma AD from the US private equity investor Rohatyn Group. Advice was provided by the law firm to the buyer Advance Properties OOD in connection with securing a syndicated loan of EUR 275 mil. to be used for financing the purchase of the share of the US investor amounting to 36.6%. This has been one of the biggest corporate loans drawn by a Bulgarian company so far.

***

« Previous  Next »