Wolf Theiss

BULGARIA - SHAREHOLDER RIGHTS AND LOSS OF CORPORATE LICENCES

On 13 January 2015 the Bulgarian Supreme Administrative Court ("SAC") dismissed an appeal by the shareholders of Corporate Commercial Bank AD ("CCB") against a decision of the Bulgarian National Bank ("BNB") terminating the company’s banking license, and thus triggering insolvency proceedings.

For further information please contact

Richard
Clegg
Partner
Bulgaria

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