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CMS Helps SPM Bulgaria Obtain Onshore Block Permit

CMS Helps SPM Bulgaria Obtain Onshore Block Permit


CMS Sofia has helped SPM Bulgaria LLC obtain a permit to prospect and explore Block 1-25 Vratsa West, which covers a large territory in northwestern Bulgaria, and which CMS describes as "the biggest onshore block in Bulgaria tendered in the past few years."

On March 20, the Bulgarian Council of Ministers approved the permit.

CMS supported SPM Bulgaria on various regulatory, corporate, and tax matters during the past year and a half and assisted it on matters related to the permit's issuance. According to the firm, "SPM Bulgaria is planning on entering into the prospecting and exploration agreement and commencing its work program under the permit."

The CMS team was led by Partner Kostadin Sirleshtov, supported by Associate Denitsa Dudevska.  

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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