Bulgarian Telecom Fights Injunction Bid Over $6.7M Claim

By Caroline Simson (April 23, 2018, 8:58 PM EDT) -- A Bulgarian telecommunications provider urged a New York federal court Monday not to freeze certain funds related to a complex satellite financing deal while an arbitral tribunal considers a California company's $6.7 million claim against it, saying the motion is a bullying tactic.

California satellite manufacturer Space Systems/Loral LLC asked the court in March for an order barring the $6.9 million from being transferred out of a segregated restricted account established by Bulsatcom EAD, or BCOM, at Deutsche Bank's London branch, until a dispute pending between the companies before the International Centre for Dispute Resolution relating to the financing deal is...

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