Arbitration
Mikov＆Attorneys
We at MIKOV＆ATTORNEYS are specialised in defending victims of hacking involving Bulgarian physical and / or legal persons.
Arbitration is a great alternative to litigation when facing financial and commercial disputes because it is faster as goes in one instance within significantly shorter terms. Moreover, it costs less given that the arbitration fees go down for claims with higher value. The parties are entitled to choose the procedural rules and the arbitrator among the best professionals in the specific area. The award is final and binding to the parties and cannot be further appealed. It may only be challenged before the Supreme Court of Cassation on limited grounds mostly related to the public interest, i.e., if contradicting with mandatory provisions of the law and the rules for equal participation of the parties in the proceedings, but not to the essence of the dispute.
Arbitration is possible in case both parties agreed in writing beforehand that the dispute was subject to arbitration (the so-called “arbitration clause”). Thus, we advise our clients to include such clauses in their contracts every time the matter may be subject to arbitration. Arbitration is not allowed by law for disputes related to real estate assets rights, child support, employment and consumers’ protection, so predominantly commercial disputes are resolved by arbitrators. The regulation of financial services provides for a special type of arbitration for disputes between traders and investment brokers. We have experience in domestic and international arbitration for both commercial and financial disputes in various jurisdiction.
Experience:
- Representing the EU owner of PV Park against a local construction company before a Bulgarian arbitration court regarding the price for the PV Park development.
- Representing several dozens of EU citizens against an investment broker in arbitrage before the Australian Financial Complaints Authority regarding recovery of lost investments.
- Representing an EU company against a payment services provider in proceedings before the Maltese Arbiter for Financial Services regarding full restitution of unduly detained funds.
Arbitration Lawyer Bulgaria
MIKOV & ATTORNEYS stands out as a leading boutique Bulgarian law firm, offering domestic and international arbitration services. Our team of accomplished arbitration lawyers in Bulgaria holds expertise in handling commercial and financial arbitral disputes, and alternative dispute resolution (ADR) schemes.
We understand and prioritize efficient and cost-effective solutions for your legal needs. International arbitration presents a compelling alternative to litigation, providing faster outcomes within shorter timeframes. This method empowers you to select the applicable rules and choose the most qualified arbitrator, tailoring the process to achieve the best resolution outcome.
We are your trusted international arbitration and alternative dispute resolution (ADR) lawyer in Bulgaria, ready to guide you through every stage of the process, from initial assessment to a successful arbitral reward.
Key Expertise:
Hacking
Hacking is the act of exploiting another machine’s vulnerabilities in order to gain access and control over it, in order to cause damage to the person, by deleting, stealing information from the machine, or shutting the machine down, causing what’s called “downtime”.
Hacking has many forms, but one of the most popular ones is, via network.
Password hacking
Most often, password hacking occurs on an individual level, this mean that the person is known ahead of time and the hacker is targeting them for something that they want.
Although there are many ways of getting someones password, there are few that are most popular.
Email hacking
Email hacking occurs when a hacker breaches into the email service provider, or uses social-engineering to trick the user into phishing websites or even make the victim give his password.
Danger comes from the fact that once the hacker has access to your email he can read all of your messages, including ones for website registrations, since many of the websites require your email and password to log in.
Computer hacking
Hacking or computer hacking, is a term that started out as a definition for a person, who helps other people with setting up their computers.
While surprisingly the term is still around, it is not used that widely anymore to specify someone that is proficient in computers, rather, the hacking is broken down to multiple “hats” of different colors.
Let’s take a look at black and white hat hackers.
Network hacking
Network hacking is the means of exploiting the infrastructure of computers and printers of a given network to gain access to them.
Every program that wants to listen and receive connections needs a port on which the communication must happen over. Ports are they way of identifying where to exactly send the traffic, since there can be many programs on the computers which communicate.
For example, the operating system on startup might communicate with internet to view if there are any pending updates, a lot of programs also do this practice, on startup check for updates.
