Securities, Operational and Financial Leasing
As business life and citizens become more active, security and its enforcement become a major technique to protect creditors and to ensure debt recovery.
The forms of security are diversified by the introduction of the legal figure of the special pledge which is introduced without delivery of the pledged assets and without any disturbance of the business operations of undertaking. This situation leads also to development of leasing arrangements and, especially, financial leasing agreements as a modern and flexible financing and refinancing scheme. We are proud to note that the list of our clients features some of the most active first-rate leasing companies such as TBI Leasing, Interlease, HVB Leasing, Allianz Bulgaria Leasing, etc.
Guided by its aspirations to set in-house performance standards, PM&P provides advice on the optimal structuring and carries out the actions to institute a huge number of security arrangements (warranties, mortgages, special and real pledges, debt cessions and others). Our team registered the first special pledges given by Storco to the benefit of the EBRD immediately after the adoption of the relevant legislation in 1996.
PM&P is also a pioneer with the implementation of the rather complicated enforcement proceedings concerning Celhart, as a result of which we have succeeded in achieving recovery to two of the biggest international financial institutions, EBRD and IFC. We have repeatedly achieved rapid and effective settlement of the existing relations in the interests of all parties concerned without forcing the debtor into insolvency through balanced enforcement of security of various types, scope and privilege.