Justice Served: Petya Slavova’s Investbank Loses Court Case

In a significant breakthrough for Bulgarian justice, the Sofia Court of Appeals has ruled in favor of Abilico AD and its subsidiary in a long-standing legal battle against Investbank, owned by businesswoman Petya Slavova. As a result of the ruling, Abilico will be granted a writ of attachment against Investbank, allowing the company to impose seizures and liens on the bank up to the value of their claim.

Legal experts following the case say the appellate court’s decision marks a fair resolution to a prolonged conflict between one of Bulgaria’s key energy companies and its creditor.

According to the ruling, Abilico will regain ownership and access to its solar parks — assets that, as reported in a previous article, were the target of what has been described as highly questionable tactics employed by Investbank.

The only official statement from Abilico AD was as follows:

“There is morality in the Bulgarian courts, and it remains preserved in the judicial system. There is hope for Bulgaria when judges understand both law and justice — this gives us hope. Why can’t politicians and bankers understand that they should serve business? Business pays taxes and generates revenue for the state budget. Business creates jobs and must be supported, not oppressed.”