DWINS: I can't believe that no one has yet kibitzed on this fantastic attacking game.
If white accepts the gambit with 10.Bxe4 dxe4 11.Qxe4, Black would get excellent attacking chances utilizing his two bishops after 11...Re8 12.Qd3 Bg4 13.Nbd2 Qd7.Ljubojevic could have grabbed the pawn at move 12, but 12.Qxe4 Bxf3 13.Qxf3 Qh4 will see Timman recover his pawn with the more rapid development.
Once again, Ljubojevic didn't go after the pawn at move 13 because 13.Nxe4 Bc7 14.Nbc3 Re8 15.Be3 Qh4 16.g3 Rxe4 17.Qxe4 Qxe4 18.Nxe4 Bxe4 yields Timman an advantage of (-0.82) according to Stockfish 4.
Ljubojevic must have been shocked after 16.Be3 that Timman didn't retreat with his queen, but instead sacrificed a piece to start a powerful mating attack.
Defense with 20.f3 fails against 20...exf3 21.Nxf3 Bxf3 22.gxf3 Qh3+ 23.Ke2 Bb6.
However, Ljubojevic's 20.Nh3 allowed Timman to strike a wicked blow with 20...Re5!, although Stockfish 4 tells me that 20...Bf3! 21.gxf3 exf3 22.Red1 Bf4 23.Ke1 Rxe3+ is even more wicked.
After 20...Re5!, a retreat with 21.Qb4 fails against the same 21...Bf3 idea as in the above line.
Ljubojevic fought against that with 21.Nd5, but Timman put him out of business with 21...Bxh3 22.gxh3 Bb6. Ljubojevic did have a rook and two pieces for his queen after 23.Nxb6 Rxc5 24.Nxa8, but his position was impossible to integrate for defense.
Ljubojevic could have decisively ended the game with 35...e3, but his 35...Qg2 was good enough. He was certain to win the bishop for his passed pawn, and would most likely pick up the knight also.