A Dutch family has successfully frozen assets belonging to a company owned by Oleg Nevzorov following a dispute over a property in the Baba Alino settlement near Varna.
Court Freezes Nevzorov Assets in Varna
The Varna District Court has imposed liens on two properties located in the “Chaika” neighborhood of Varna. Lawyer Adrian Murliev stated that these assets are separate from the Baba Alino project and were frozen within one working day of the request. This move serves as a preliminary security measure to ensure the family can recover their money and contractual penalties.
The claimants, including Oksana Anatolyevna, signed a preliminary contract with “Forest Club Varna” in September 2025 for an apartment priced at 124 000 евро, paying nearly 70 000 евро. In May 2026, they signed a second agreement with “KUB Construction” for finishing works totaling approximately 30 000 евро, which included a 70% advance payment.
Breakdown of the Baba Alino Investment
Oksana Anatolyevna reported that the situation deteriorated after their commercial agent ceased to be an employee of KUB at the end of April. She stated that the company stopped responding to emails and phone calls, leaving the family with no point of contact. Although the building appeared nearly complete, the family feared the property might be demolished and sought to terminate the contract.
Lawyer Adrian Murliev noted that only a small number of owners in Baba Alino have taken legal action. He attributed this to the fact that many buyers are foreign nationals, primarily of Ukrainian origin, who may still hold hope that the Ukrainian investor will complete the properties.
Parliamentary Inquiry into Nevzorov’s Status
The legal battle coincides with a parliamentary hearing before the committee for control over the services. Former DANS heads Denyo Denev and Kiril Dimov are scheduled to testify regarding the expulsion and subsequent immediate return of Oleg Nevzorov last year.
Kiril Dimov recently stated that his proposal to expel the businessman was based on “money laundering” motives. However, Denyo Denev cancelled the order without providing specific reasons, a sequence of events now under scrutiny by deputies.
Potential Legal Trajectories
The current asset freeze is a preliminary step; a formal lawsuit against the investor may follow to finalize the recovery of funds. If the court upholds the claims, the frozen properties in the “Chaika” district could potentially be used to satisfy the debt.
Frequently Asked Questions
How much did the Dutch family pay for the property?
They paid nearly 70 000 евро toward a 124 000 евро apartment and an additional advance payment for finishing works totaling around 30 000 евро.
Which properties were frozen by the court?
The court imposed liens on two properties in the “Chaika” neighborhood of Varna, which are unrelated to the Baba Alino project.
Why is the Bulgarian Parliament investigating Oleg Nevzorov?
Deputies are interested in why a proposal to expel Nevzorov for “money laundering” was cancelled by Denyo Denev without stated motives.
Do you believe that foreign investors are more vulnerable to real estate disputes in Bulgaria?
