Crypto Lender Nexo Hits Bulgaria With $3B Arbitration Claim

[Gunnar Larson]

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Crypto Lender Nexo Hits Bulgaria With $3B Arbitration Claim
<https://www.law360.com/fintech/articles/1789479?nl_pk=d2b3e7ef-ab62-4a62-804a-08b1615aa913&utm_source=newsletter&utm_medium=email&utm_campaign=fintech&utm_content=2024-01-25&read_main=1&nlsidx=0&nlaidx=7>

By Joyce Hanson

Nexo AG said it has submitted an approximately $3 billion arbitration claim
against the Republic of Bulgaria at the World Bank's International Centre
for Settlement of Investment Disputes following a raid of the crypto
lender's offices in Sofia last year.

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