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Supreme Administrative Court declares some of the sanctions under the Magnitsky Act null and void

Photo: BGNES

Parts of the Bulgarian list of companies sanctioned under the US global Magnitsky Act are null and void, two three-member panels of the Supreme Administrative Court ruled. The reason is that there is no Bulgarian law on sanctions arising from American law, and that a decision by a third country authority will not be recognized in the EU. 

The two administrative cases were filed on complaints from Irena Krasteva, the mother of Magnitsky-sanctioned MP Delyan Peevski, and Internews 98 with partners Elena Dineva, the wife of Dubai fugitive businessman Vasil Bozhkov, and Nove Internal. 
The SAC has initiated a total of 62 cases on complaints of persons affected by the sanctions under the Magnitsky Act.



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