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CMS Successful for Philicon-97 in Compensation Claim from Bulgarian Ministry of Finance

CMS Successful for Philicon-97 in Compensation Claim from Bulgarian Ministry of Finance

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CMS Sofia has successfully represented Philicon-97 in a dispute against the Ministry of Finance of the Republic of Bulgaria involving the country's feed-in tariff.

According to CMS, in a ruling in June 2021, "Bulgaria’s Supreme Court of Cassation supported Philicon-97 AD’s claim for compensation for the 20 % reduction in the feed-in tariff that was enacted by the Bulgarian legislature in 2013 and then repealed by the Bulgarian Constitutional Court in 2014." The firm added that this second success – following CMS's win on behalf of Bezmer Energy (reported by CEE Legal Matters on January 7, 2021) – is "streamlining the case-law of the Supreme Court of Cassation in relation to all other pending cases related to the feed-in tariff cuts in Bulgaria."

CMS's team was led by Sofia Managing Partner Kostadin Sirleshtov and Partner Assen Georgiev and included Associate Yana Antonova and Trainee Teodora Peycheva.

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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