# C_2020020EN.01001701.xml

| 21.1.2020 | EN | Official Journal of the European Union | C 20/17 |
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21.1.2020

EN

Official Journal of the European Union

C 20/17

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Winding-up proceedings

Decision revoking the licence for EuroAmerican Insurance Company AD to conduct insurance business

(Publication made in accordance with Article 280 of Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II))

(2020/C 20/04)

| Insurance company | EuroAmerican Insurance Company AD
  Sofia (capital) province, Stolichna municipality
  Triaditsa district





  Tsar Asen I Street 17 |
| --- | --- |
| 1000 Sofia |
| BULGARIA |

Insurance company

EuroAmerican Insurance Company AD

Sofia (capital) province, Stolichna municipality

Triaditsa district

Tsar Asen I Street 17

1000 Sofia

BULGARIA

Date, entry into force and nature of decision

Decision No 1309-OZ of 17 December 2019:

| — | revokes the insurance business licence of EuroAmerican Insurance Company AD (unique identification code 124634117) that was issued by Financial Supervision Commission Decision 238-OZ of 27 February 2014, |
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revokes the insurance business licence of EuroAmerican Insurance Company AD (unique identification code 124634117) that was issued by Financial Supervision Commission Decision 238-OZ of 27 February 2014,

| — | prohibits (a) the free disposal of the assets of EuroAmerican Insurance Company AD until initiation of winding-up or insolvency proceedings and (b) the conclusion of any new insurance contracts for any type of policy for six months from the date on which this decision is issued, |
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prohibits (a) the free disposal of the assets of EuroAmerican Insurance Company AD until initiation of winding-up or insolvency proceedings and (b) the conclusion of any new insurance contracts for any type of policy for six months from the date on which this decision is issued,

| — | appoints Stefan Petrov Stefanov as the receiver for EuroAmerican Insurance Company AD pending appointment of a trustee in bankruptcy by the court or registration of a liquidator for the company. |
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appoints Stefan Petrov Stefanov as the receiver for EuroAmerican Insurance Company AD pending appointment of a trustee in bankruptcy by the court or registration of a liquidator for the company.

The receiver will take up his duties from the date on which this decision is issued.

EuroAmerican Insurance Company AD will be represented by the receiver. Any actions taken on behalf of EuroAmerican Insurance Company AD in breach of the receiver’s power of representation are null and void

Competent authorities

Financial Supervision Commission

Sofia (capital) province, Stolichna municipality

| Budapeshta Street 16 |
| --- |
| 1000 Sofia |
| BULGARIA |

Budapeshta Street 16

1000 Sofia

BULGARIA

Supervisory authority

Financial Supervision Commission

Sofia (capital) province, Stolichna municipality

| Budapeshta Street 16 |
| --- |
| 1000 Sofia |
| BULGARIA |

Budapeshta Street 16

1000 Sofia

BULGARIA

Administrator (trustee in bankruptcy) appointed

Stefan Petrov Stefanov

stefanoff@yahoo.com

| Chervena Roza Street 44 |
| --- |
| 1000 Sofia |
| BULGARIA |

Chervena Roza Street 44

1000 Sofia

BULGARIA

Applicable law

Article 633(2) in conjunction with Article 587(3)(3) of the Bulgarian Insurance Code Republic of Bulgaria

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