Kambourov & Partners successfully represented Iberdrola Inmobilaria in Case C-132/16 of the European Court of Justice. As it concerns the general rules for deduction of VAT credit in cases of investment in public infrastructure, the decision is of significant importance not only for the client, but also for the general investment climate in Bulgaria. The ECJ accepted that a taxable person has the right to deduct input value added tax in the context of its economic activity, even when a third party enjoys the results of the services free of charge. Iberdrola was advised and represented by KP's Todor Todorov and Zahari Naumov.