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CMS Advises Petroceltic on Reviving Natural Gas Production in Bulgaria

CMS Advises Petroceltic on Reviving Natural Gas Production in Bulgaria

Bulgaria
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CMS Sofia has advised the UK-based oil and gas company Petroceltic on remedying a force majeure event related to the offshore production of natural gas in Bulgaria.

The unspecified force majeure event took place in late October 2017 and led to legal challenges for Petroceltic, the main natural gas producer offshore in Bulgaria. The remedying process was completed in July 2018. 

The CMS team was led by Partner Kostadin Sirleshtov and included Associate Denitsa Dudevska, Junior Associate Elena Yotova-Yordanova, and Trainee Diyan Georgiev.

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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