PARVAN P. PARVANOV, ESQ.

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About me

Mr. Parvanov is a U.S.-trained litigator and international arbitration specialist with two decades of experience. As the founder and managing attorney of International Arbitration Chambers New York, he has guided the firm’s growth into one of New York’s busiest independent international arbitration practices. His independence from conflicts enables him to represent clients across a broad spectrum of high-stakes matters. For each case, Mr. Parvanov assembles bespoke teams of contractors, ensuring a cost-effective approach that matches the scale and complexity of the dispute.

Serving as lead counsel, Mr. Parvanov regularly tries international arbitrations under the rules of major institutions, including the ICC, ICSID, LCIA, ICDR, and UNCITRAL ad hoc tribunals. He is frequently entrusted with cases that carry significant financial and reputational consequences for clients, and he also represents parties in arbitration-related proceedings before U.S. federal and New York State courts. As part of his public international law work Mr. Parvanov has also handled matters before the International Court of Justice and the European Court of Human Rights.

Over the years, Mr. Parvanov and his teams have developed particular expertise in sectors such as energy, oil and gas, telecommunications, finance, construction, insurance and reinsurance, complex manufacturing, heavy industries, and the entertainment and sports business—especially in matters governed by FIFA and UEFA regulations. Highlights of his recent engagements as lead counsel are outlined below.

Mr. Parvanov’s qualifications span both continental civil and common law systems, and he has practiced complex international arbitration on both sides of the Atlantic. Before earning his J.D. from Columbia Law School and qualifying in the U.S., he practiced as an EU lawyer in Sofia, Bulgaria, holding a Mag. Iur. from “St. Klement Ohridski” University of Sofia and an LL.M. from the London School of Economics.

Prior to his transition to the U.S. in 2008, Mr. Parvanov’s European practice included defending a sovereign in a series of international arbitration disputes with a joint venture of construction leaders, representing parties in the largest contested EU-wide merger before the European Commission, and handling a variety of international arbitration and litigation matters. These cases involved intellectual property, mergers and acquisitions, antitrust (including hostile takeovers), cross-border commodities supply, complex infrastructure projects, and the energy sector—spanning oil, gas, and electricity production and distribution.

Mr. Parvanov has also trained and worked in three of the world’s leading international arbitration practices: WilmerHale in Washington, D.C.; Dewey & LeBoeuf in New York; and Freshfields in Paris. In 2012, he was invited to serve as Senior Researcher to the Chief Reporter on the Restatement of the U.S. Law (Third) of International Commercial and Investor-State Arbitration at the American Law Institute, contributing during the crucial two years leading up to the project’s completion.

Beyond his practice, Mr. Parvanov is a prolific author in the field of international law and has taught international arbitration at Columbia Law School, the International Arbitration Training & Assistance Institute, and Fordham Law School. His writing has earned recognition, including an award for legal writing in a global competition organized by the Chartered Institute of Arbitrators and presented by renowned arbitrator Gary Born. Additionally, as coach of Columbia Law School’s international arbitration moot court team, he led the team to a gold medal finish in 2012. Among other recognitions, Mr. Parvanov is included in the Top Lawyers section for international law in the US Who’s Who.

This blend of practical experience, academic involvement, and industry recognition distinguishes Mr. Parvanov as a trusted advocate in international arbitration, committed to delivering tailored, effective solutions for his clients.
    • Swiss Healthcare Goods Supplier v. Czech Contractor, LCIA Case No. 256535 (confidential)International arbitration arising out of the COVID-19 pandemic. Over €100 m. in dispute.

 

    • Vasilisa Ershova and Jegor Jeršov v. Republic of Bulgaria, ICSID Case No. ARB/22/29 (Mr. Jan Paulsson, Prof. Juan Fernández-Armesto, Mr. Toby Landau, KC)(opp. counsel White & Case LLP)Investment arbitration under the Energy Charter Treaty arising out of the wrongful taking of the shares in the country’s legacy and largest fuels distributor and fuels storage facilities operator from Mr. Denis Jeršov – a Lithuanian national, and the largest foreign investor in Bulgaria’s oil and gas industry in the post-communist era.

 

    • Jak Sukyas v. Romania, PCA Case No. 2020-53 (PCA/UNCITRAL)(Prof. Stephan Schill, Prof. Bernard Hanotiau, Ms. Loretta Malintoppi)(opp. counsel Savoie Arbitration and Stoica Asociaţii)Investment arbitration claims arising out of the Romanian Government’s failure to restitute Cinegrafia Română (CIRO Films), the largest pre-WW2 film studio and audio-visual production company in Southeast Europe.

 

    • Telco Owner v. Lenders (UNCITRAL ad hoc)(confidential)International arbitration seated in London over the exercise of a call option under a Shareholders’ Deed governed by English law, regarding the acquisition of the largest independent telecommunications company in Southeast Europe. € 102 m. in dispute.

 

    • Moti Ramot & Rami Levy v. The Republic of Bulgaria (ICSID Case No. ARB/18/47)(Prof. Stephan Schill, Dr. Bernardo Cremades, Ms. Loretta Malintoppi)(opp. counsel White & Case LLP)Indirect expropriation case arising out of the judicial taking of a company that developed a luxury real estate project in Sofia, Bulgaria. The clients are one of the State of Israel’s most prominent entrepreneurs, Mr. Rami Levy, and his business partner on the affected project, the late Mr. Moti Ramot. $ 65 m. in dispute. Defeated Respondent’s discovery and bifurcation requests. Awaiting Counter-Memorial on jurisdiction, merits, and damages.

 

    • EPIC Investments GmBh, NECA Ltd. v. Innova Capital Ltd., TRG Management Co., Avicenna Capital Ltd. (ICC Case 21035/TO)(Ms . Audrey Caminades )(opp. counsel Clifford Chance LLP)Complex commercial arbitration case arising out of unpaid advisory fees for one of Austria’s most active investment banking consultants against a consortium of private equity companies from the U.S. and the U.K., related to a failed deal, over the privatization of the legacy monopoly telecommunications company of Kosovo. Won settlement on the merits for more than double the original claims of my clients.

 

    • PFC CSKA-Sofia EAD v. UEFA (CAS Case 5178)(Prof. Luigi Fumagalli, Ms. Dominique Brown-Berset, Mr. Arthur Gurovits)(opp. counsel UEFA (head of litigation) & Barr & Karrer LLP)Represented a premier European football club in an emergency appeal against a negative licensing determination by UEFA before the Court of Arbitration for Sports, Switzerland. The cases arose out of an alleged violation of the “three-year rule” as part of the new UEFA Financial Fair Play Rules. The rule is designed to prevent clubs from unloading debt through restructurings and the passing of sporting identities between corporations. The case went through an intense interim relief stage in the summer of 2017 and several rounds of written submissions in the main appeal with hearings scheduled for 23 and 24 January 2018. UEFA was compelled to accept settlement on 1 March 2018 lifting the club’s ban in its entirety. The two cases are the only two on record to date where UEFA lost on a three-year-rule ban, and the sanctioned club was reinstated to European play.

 

    • PFC CSKA-Sofia EAD v. UEFA (CAS Case 5201)(Prof. Luigi Fumagalli, Ms. Dominique Brown-Berset, Mr. Arthur Gurovits)(opp. counsel UEFA (head of litigation) & Barr & Karrer LLP)Represented a premier European football club in an emergency appeal against unprecedented live-television removal from the Europa League draw by the Secretary-General of UEFA, before the Court of Arbitration for Sports, Switzerland. The case went through an intense interim relief stage and several rounds of written submissions in the main appeal. On 1 March 2018, UEFA was compelled to accept settlement granting full reinstatement of CSKA Sofia to European play.

 

  • Space Systems/Loral, LLC v. Bulsatcom EAD (ICDR Case No. 01-18-0001-0869) and Space Systems/Loral, LLC v. Bulsatcom EAD (S.D.N.Y.)(James Carter, Arthur Rovine, Mark Alcott)(opp. counsel Pillsbury, Winthrop, Shaw & Pittman LLP – New York)Defending the largest satellite television and internet provider in the Balkans on claims arising out of the structured financing of the purchase of a geostationary satellite, Bulgaria Sat-1, launched by SpaceX in June 2017. After full trial in international arbitration and the related injunction proceedings in aid of arbitration before the federal district court in Manhattan, the case settled on favorable terms to my client Bulsatcom EAD. Amount in dispute included claims for $12 m. and counterclaims for over $100 m.
    • Balkan Energy Limited (Ghana) v. The Government of Ghana PCA Case No. 2010-07 (Judge Steven M. Schwebel, Prof. Francisco Orrego Vicuña, Judge Stephen Mensah)Defended the government of Ghana in $1.2 billion claims advanced by a US investor over the failed recommissioning of a power plant located on a barge in the Upper Volta region of Ghana. The tribunal ended up dismissing all but one claim awarding only $12.4 m.

 

    • American Centennial Ins. Co. v. Global Int’l Reinsurance Co., 12 Civ. 1400 (PKC)(S.D.N.Y. July 9, 2012)Represented an insurance company part of the Berkshire Hathaway Group in set-aside proceedings before the Federal District Court for the Southern District of New York related to a group of international arbitration awards against a UK reinsurance company. Amount in dispute $28 m.

 

    • Commerce Group Corp. and San Sebastian Gold Mines, Inc. v. The Republic of El Salvador, ICSID Case No. ARB/09/17 (Annulment Proceedings)Assisted with research in representing the government of El Salvador in annulment application of the investors against final award dismissing all claims against El Salvador on jurisdiction. The annulment application was eventually dismissed.

 

    • Pac Rim Cayman LLC v. Republic of El Salvador, ICSID Case No. ARB/09/12 (Prof. Guido Santiago Tawil, Prof. Brigitte Stern, V. V. Veeder, Q.C.)Assisted with research in representing the government of El Salvador in a dispute over a mining concession. The claims were for $314 m. and were eventually dismissed in their entirety.

 

    • Swisslion DOO Skopje v. The Former Yugoslav Republic of Macedonia, ICSID Case No.ARB/09/16 (Judge Gillbert Guillaume, Mr. Daniel M. Price, Mr. J. Christopher Thomas Q.C.)Assisted with research, drafting, and general case management of a group of Swiss investors in North Macedonia on investment claims for the illegal taking of the investor’s business by the local judiciary. The Tribunal found in favor of the investors.

 

    • Chile v. Peru (International Court of Justice, Case Nr. 137 General List)Assisted with research and drafting, in the representation of Chile in a maritime border dispute with Peru involving an underlying fisheries business for over $2 billion.

 

    • Total S.A. v. Argentine Republic (ICSID Case No. ARB/04/1)(Prof. Giorgio Sacerdoti, Sr. Luis Herrera Marcano; Mr. Henri C. Alvarez)Assisted with research in the representation of Total on claims of illegal withdrawal of tariffs for the supply of natural gas and electricity by Argentina. The Tribunal awarded over $270 m. in damages.

 

    • Gas Natural SDG, S.A. v. Argentine Republic (ICSID Case No. ARB/03/10)(Prof. Andreas F. Lowenfeld, Mr. Henri C. Álvarez, Dr. Pedro Nikken)Assisted with research in the representation of a Spanish investor in the natural gas production and distribution sector in Argentina on claims for $136 m.

 

    • Pan American Energy LLC v. Plurinational State of Bolivia (ICSID Case No. ARB/10/8)(Francisco Orrego Vicuña, Rodrigo Oreamuno Blanco, Bernardo Cremades)Assisted with research in the representation of a US investor in the investment arbitration case arising out of Bolivia’s nationalization of the Chaco Petroleum Company where the client held a 50% stake. The case settled on favorable terms to the investor.

 

    • Crystallex International Corporation v. Bolivarian Republic of Venezuela (ICSID Case No. ARB(AF)/11/2)(Dr. Laurent Lévy; Dean John Y Gotanda, Prof. Laurence Boisson de Chazournes)Assisted with research in the representation of a Canadian investor in the mining and natural resources exploration business on claims for expropriation against Venezuela. The Tribunal ended up awarding $1.2 billion in damages.

 

    • Diners Club Ecuador S.A. v. Diners Club International Ltd (ICC Case No. 15540/JRF)Assisted with research and drafted parts of extensive pleadings in a complex commercial arbitration case seated in London and involving a post-merger dispute between the US global operations of Diners Club and the global franchise’s Latin American operations. The contractual claims in dispute were for over $300 m.

 

    • Major German Telecommunication Company v. Telco (LCIA)Assisted with research in an LCIA arbitration in London involving disputes under a shareholders’ agreement between two large telecommunications companies.

 

    • Ministry of Environment and Waters of Bulgaria v. Glavbolgarstroy et al. (UNCITRAL Ad Hoc)Represented the Ministry of Environment and Waters before an ad hoc international dispute adjudication board established under the FIDIC Silver Book. The case arose out of a set of construction agreements to build six landfills and the associated waste processing facilities on the territory of the Republic of Bulgaria. This arbitration concerned the landfill near the town of Pernik. The contractor claimed that despite the signed contract and the issued permits the government failed to secure free access to the site preventing the contractor to begin work on the landfill.

 

    • Ministry of Environment and Waters of Bulgaria v. Glavbolgarstroy et al. (UNCITRAL Ad Hoc Mr. Brian W. Totterdill, Eng., Q.C.)Represented the Ministry of Environment and Waters before an ad hoc international dispute adjudication board established under the FIDIC Red Book. The case arose out of a set of construction agreements to build six landfills and the associated waste processing facilities on the territory of the Republic of Bulgaria, financed through European Union pre-accession funds. This particular arbitration concerned delay and unpaid adjustment claims by the contractor regarding the landfill and the processing facilities near the town of Lovech. The arbitrator ended up dismissing all of the contractor’s claims.

 

  • Alpine GmBH v. Ministry of Energy of the Republic of Bulgaria (BCCI)Represented an Austrian construction company in international arbitration proceedings before the Bulgarian Chamber of Commerce and Industry in a contractual dispute arising out of a set of construction agreements to build a hydropower plant on the Arda river in Bulgaria. The client was the general contractor on the largest dam and hydro power plant project in South-Eastern Europe “Upper Arda” partly financed through European Union pre-accession funds.

 

    • Determining the Standard of Review for Jurisdictional Findings of Foreign Seated International Arbitration Tribunals by the Federal Courts in Manhattan: A Study in the Americanization of the New York Convention, AM. REV. INT’L ARB. (2021) (upcoming)

 

    • Comparing U.S. Law And U.S. Investment Agreements: Much More Similar than You Might Expect, Co-Author with Mark Kantor, INT’L INV. L. & POL. Y.B. 2010-2011, Oxford Univ. Press

 

    • Corporate Restructuring: Obtaining Effective Investment Treaty Protection for Domestic and Foreign Investors in Bulgaria Amid Spiking Political Risk and the Termination of Bulgaria’s Intra-EU Bilateral Investment Treaty Program, Capital Quarterly, limited distribution, available in print only

 

    • “Do not expect strategic capital to enter in this environment,” CAPITAL WEEKLY (in Bulgarian)

 

    • International Protection of Foreign Investors and the Price of Administrative Arbitrariness, February 7, 2016, CAPITAL WEEKLY (in Bulgarian)

 

    • The Dearest Arbitration (What the ‘Belene’ Arbitrations Will Revolve Around), August 2, 2013, CAPITAL WEEKLY (in Bulgarian)

 

  • Columbia Law School, New York
  • International Arbitration Training & Assistance Institute, New York
  • Fordham Law School, New York
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