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Results: 4 Answers
International Arbitration
13.
Enforcement of awards
13.1
Are awards enforced in your jurisdiction? Under what procedure?
 
Bulgaria
Awards issued by tribunals with their seat in Bulgaria are directly enforceable. The interested party must file a request at the district court of the debtor’s permanent address or seat. The request must contain the award and proof that it has been delivered to the debtor. The respective district court will issue a writ of execution which is presented to the local bailiff in order to start enforcement proceedings.

According to the International Commercial Arbitration Act, the international treaties to which Bulgaria is a party are applicable to the recognition and enforcement of foreign arbitral awards. Thus, the provisions of the New York Convention apply directly. Applications for recognition and enforcement of foreign arbitral awards are filed with the Sofia City Court, unless an international treaty provides otherwise. The provisions of the International Private Law Code on the recognition and enforcement of foreign court decisions apply accordingly, to the extent that these do not contradict the New York Convention.

Upon recognition of a foreign arbitral award, the party may request a writ of execution from the Sofia City Court. The writ is handed to the requesting party only once the decision on recognition and enforcement of the award enters into force.

For more information about this answer please contact: Chemshirov Radoslav from Schoenherr Attorneys at Law