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Djingov, Gouginsky, Kyutchukov & Velichkov has advised the owners of the Pharmastore pharmacy chain in the sale of the business to Sopharma Trading. Boyanov & Partners advised Sopharma on the deal, which will result in Pharmastore's 19 pharmacies in the cities of Sofia and Bourgas operating under the SOpharmacy brand. The deal remains subject to approval by the Commission for Protection of Competition.

In November, the Bulgarian Parliament began debating the amendments to the Competition Protection Act (CPA) with respect to the implementation of the EU’s Directive 2014/104/EE on Damages Actions for Antitrust Infringements (the “Directive”). Interestingly, the main aim of the Directive and the proposed amendments to the CPA – facilitating the private enforcement of infringements of competition law – coincides with what is probably the biggest cartel investigation in the history of the Bulgarian Commission for Competition Protection (CCP).

In The Corner Office, we invite Managing Partners at law firms from across the region to share information about their careers, management styles, and strategies. For this issue, we asked them to describe the first major deal or client matter they generated themselves, and how they did it. 

It has always been considered to be the alpha and omega of the legal profession. The basic assumption that is so often repeated. The standing principle: “We (the lawyers) are just perfect – all we need is to find the clients.”

24-25 April 2017, London, United Kingdom

This marcus evans event will consider how banks can overcome the operational challenges of complying with the GDPR, in particular challenges presented by legacy systems and the top three legislative changes.

On November 29, 2016, CEELM reported that the Mareshki Medicines retail chain had been successful in the two-year litigation at the Supreme Administrative Court of Bulgaria, which resulted in the repeal of anti-competitive provisions on prescribing and dispensing medicine in Bulgaria's Ordinance No 4. We asked Irena Georgieva, In-house Attorney at Mareshki, to explain what happened.

The firms of the SEE Legal network are reporting that they worked alongside Skadden Arps in advising BA Glass I – Servicos de Gestao e Investimentos S.A. (the parent company of BA Vidro S.A.) on its acquisition of substantially all of the Yioula Glassworks SA glass container business from Yioula Glassworks SA and its subsidiary Yalos Holdings (Overseas) Limited. Yioula Glassworks was supported on all legal issues by Winston & Strawn.

DGKV has been retained by Bulgaria's Financial Supervision Commission (FSC) to represent it in a total of 19 proceedings before the Supreme Administrative Court based on the appeal of IsaOdit Ltd. (formerly named RSM Bulgaria OOD) against FSC's decision to remove it from the list of approved auditors to verify the assets of Bulgarian pension and insurance companies.

Djingov, Gouginski, Kyutchukov & Velichkov (DGKV) has advised Mundus Services AD on its EUR 3.2 million acquisition of 100% of the capital of A.S.S. Bulgaria EOOD – a supplier of technical equipment maintenance to office and administrative buildings and engineer of security systems – from S.V.S. EOOD (80%) and a private individual (20%). The sellers were advised by the Bazinas Law Firm on the deal, which remains subject to approval by Bulgaria's Commission for Protection of Competition.

Despite beginning the conversation by asserting that “there are not many new things to report in Bulgaria in terms of legislative amendments or legal market changes," in fact Borislav Boyanov, the Managing Partner of Boyanov & Co., is fairly optimistic, pointing out that the Bulgarian economy is “relatively ok, reporting 3.4% growth in 2016, which for Europe is very good.”

Djingov, Gouginski, Kyutchukov & Velichkov Law Firm has advised Bulpros Consulting AD on acquisition financing it received from Unicredit Bulbank AD for an acquisition by its German subsidiary of a majority interest in a global software business held by GROUP Business Software Europa GmbH, GBS Pavone Groupware GmbH, and GROUP Business Software (UK). CMS advised UniCredit on the financing. According to DGKV, "the transaction creates one of the largest Bulgarian IT services and solutions suppliers."

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Bulgaria Knowledge Partner

Schoenherr is a leading full-service law firm in Central and Eastern Europe. With 13 offices located in Belgrade, Bratislava, Brussels, Budapest, Bucharest, Chisinau, Istanbul, Ljubljana, Prague, Sofia, Vienna, Warsaw and Zagreb, as well as country desks for Albania, Bosnia-Herzegovina, Macedonia, Montenegro and Ukraine, Schoenherr provides its clients with comprehensive coverage of the CEE/SEE region. More than 300 legal professionals work across borders in both a centralized and de-centralized manner, according to the individual client’s needs and requirements. Quality, flexibility, innovation and practice-oriented solutions for complex assignments in the field of business law are at the core of the Schoenherr philosophy.

Firm's website can be found, here.

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