CMS has successfully represented ASM-BG Investicii and Consult Solar before the Sofia Court of Appeal in the renewable energy sources (RES) recovery procedure.
According to the firm, the dispute concerned the collection of the 20% fee withheld from renewable producers in 2014, in favor of Korean renewable energy investors. The final repayment took place in February 2022, after winning before the Sofia Court of Appeal in late 2021.
ASM-BG Investicii and Consult Solar operate photovoltaic power plants exceeding 25-megawatt peak.
CMS previously represented ASM-BG Investicii in a dispute with ESO EAD (as reported by CEE Legal Matters on October 20, 2020).
The CMS team was led by Managing Partner Kostadin Sirleshtov and included Senior Associate Borislava Piperkova, Associate Elena Yotova-Yordanova, and Trainee Diyan Georgiev.
