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CMS Completes Restructuring of Photovoltaic Producer EU Sunday in Bulgaria

CMS Completes Restructuring of Photovoltaic Producer EU Sunday in Bulgaria

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CMS has successfully assisted Korea's SDN Company Ltd on its successful regaining of control over photo-voltaic producer EU Sunday AD, which operates three projects in Bulgaria with 15 MWp installed capacity.

According to CMS, "the project included complex insolvency proceedings, which were concluded by means of a Restructuring plan with full compensation of all minority creditors and the Bulgarian National Revenue Agency, and approved by the Sofia city court. The project included negotiations of various agreements with UniCredit Bulbank, legal assistance to eight of the EU Sunday AD’s creditors during the insolvency procedure, assistance with the preparation and approval of the Restructuring plan and completion of the registration of the changes with the Bulgarian Commercial Register."

CMS's team was led by Sofia Managing Partner Kostadin Sirleshtov and included Associates Borislava Piperkova, Elena Yotova-Yordanova, Raya Yoncheva, and Dimitar Dimitrov.

Bulgaria Knowledge Partner

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu

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