Vivacom, Bulgaria's Largest Telecoms Network, Wins Legal Battle in England

Having already been defeated multiple times in the Luxembourg and Bulgarian courts, the claimants turned to England arguing that the sale was a sham, took place at an undervalue and should be set aside.

After 6 days of hearings, the English judge, the Honourable Mrs Justice Moulder, dismissed and struck out the latest set of claims in their entirety.

Welcoming the decision, Spas Roussev, Vivacom's largest shareholder commented:

"This company was acquired through an entirely legitimate competitive sales process. The claimants have tried to challenge the transfer of ownership in a variety of ways ever since.  They have failed.  They have sought to damage the company via the media and through persistent litigation in an attempt to gain control of it.  At every hurdle, they have failed."

Vivacom is the most profitable telecommunications company in the Balkans, providing fixed and mobile telecoms services. 

Link to judgment: http://www.bailii.org/cgi-bin/format.cgi?doc=/ew/cases/EWHC/Comm/2019/1747.html&query=(lic)+AND+(telecommunications)