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Delyan M. Dimitrov

Associate

Overview

Delyan Dimitrov’s practice focuses on complex commercial litigation and international arbitrations as well as white collar defense and FCPA matters. Delyan has previously represented, for instance, Ҫukurova Holding A.Ș. in the successful Second Circuit appeal and reversal of a S.D.N.Y. decision confirming a $932 million arbitral award against Ҫukurova. Delyan’s other matters include the representation of GECAS and GECC in connection with domestic and foreign litigations concerning aircraft leasing agreements and a large oil services client conducting an internal FCPA investigation. Delyan is currently working on putback actions against sellers of RMBS, as well as a number of international commercial disputes.

A native of Bulgaria, Delyan has extensive experience with international arbitrations. His past successes include critical contributions to a team that secured an attachment order worth hundreds of millions of dollars from a U.S. federal court in a dispute regarding the enforcement of four Russian arbitral awards that had been annulled at the seat of the arbitration. Delyan also had an active role in representing Yukos Capital in the enforcement of an ICC arbitral award that, following summary judgment, resulted in a $186 million judgment in favor of Yukos Capital. Delyan has played a leading role in representing clients before the ICC and JAMS, regularly publishes in international arbitration treatises and journals, and has spoken as a panelist at the ICC Young Arbitrators Forum.

His pro bono efforts have included coordinating assistance to Holocaust survivors for payments under Germany's ZRBG law, which provides for remuneration to those who worked in Nazi ghettos during their internment.

Delyan is currently on secondment. He is also a Lecturer in Law at Columbia Law School, where he has taught a legal practice workshop for international moot courts. Prior to joining Holwell Shuster & Goldberg, Delyan was a litigation associate at Gibson, Dunn & Crutcher LLP.

Notable Cases

Notable Cases

  • Çukurova Holding A.Ş., a Turkish industrial and commercial conglomerate, in post-judgment and appellate proceedings before the S.D.N.Y. and the Second Circuit, respectively, relating to the enforcement of a $932 million arbitral award against Çukurova. The Second Circuit reversed the lower court’s confirmation of the award and vacated a preliminary injunction that had prohibited Çukurova from raising financing to redeem shares in Turkcell Holding A.Ș., a company that owns the controlling stake in Turkey's largest mobile phone operator.
  • A major financial institution in putback actions before New York state and federal courts arising out of the sale of RMBS.
  • Yukos Capital S.a.r.l, in an arbitral award enforcement proceeding against a Russian state-owned oil company before the S.D.N.Y., where the Court upheld the validity of the agreement to arbitrate after months of cross-border discovery and deposition testimony and, following summary judgment, confirmed the award in the amount of $186 million. Delyan also advised the same client in proceedings concerning the enforcement, in federal New York district court, of four Russian arbitral awards that had been annulled at the seat of the arbitration. The proceedings resulted in Yukos Capital obtaining an attachment order worth hundreds of millions of dollars.
  • A Hong Kong company in successfully recognizing a Hong Kong judgment worth more than $6 million in New York state court.
  • A highly successful private equity executive in a breach of contract action against an investment manager refusing to honor its promise regarding the distribution of investment proceeds.
  • A Brazilian mining conglomerate in an ICC arbitration arising from the termination of contracts to purchase and ship iron ore, which resulted in a provisional award through which the tribunal commanded the opposing party to refrain from attaching assets under U.S. Supplemental Rule.
  • An oilfield services client in an internal, worldwide FCPA investigation.
  • A multinational corporation on FCPA-related issues arising out of a deferred prosecution agreement.
  • GECAS and GECC in a New York state court action arising out of GECAS’s servicing of aircraft leases in Brazil.

News and Writings

Writings

  • “Electronic Discovery in International Arbitration,” International Arbitration in The United States (Kluwer Law Int’l 2016) (forthcoming) (with Dorit Black)
  • “The ‘Manifest Disregard of Law’ Doctrine and International Arbitration in New York,” New York City Bar Report (2012) (Contributor)
  • “The Public Interest in Private Dispute Resolution,” Austrian Arbitration Yearbook (Vienna, 2009) (with L. Shore)
Photo of Delyan M. Dimitrov

Education

Columbia Law School (J.D., 2008; Harlan Fiske Stone Scholar; Editor-in-chief, The Columbia Journal of East European Law; Parker School Certificate in International & Comparative Law)

Shippensburg University (B.A., summa cum laude, 2005; Phi Kappa Phi Graduate Fellowship Recipient; President of the International Student Organization)

Bar and Court Admissions

  • New York
  • U.S. District Court, Southern District of New York
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