22
Fri, Nov
59 New Articles

Pavel Hristov opened the doors of Bulgaria’s Hristov & Partners law firm in 2013. Since then, his firm has grown steadily, and today competes on even terms with the long-established powers on the Bulgarian law firm market. We sat down with Hristov, himself a highly-regarded commercial lawyer, to learn about his firm’s history, strategy, and success.

In The Corner Office we ask Managing Partners across CEE about their unique roles and responsibilities. The question this time around: How do you do performance reviews, and how important are they to the planning and management of the firm?”

CMS Sofia has successfully represented CEZ in an administrative procedure against a regulatory decision from the Energy and Water Regulatory Commission on set prices for electricity sales in Bulgaria.

Schoenherr Sofia Managing Partner Alexandra Doytchinova starts by talking about what’s happening — or rather, what’s not happening — in the Bulgarian legal market. “Nothing has moved,” she says, "which is not surprising, because Bulgaria is very conservative in this respect. Firms splitting and merging happens once in five years, if at all. So there’s nothing happening there on this front.”

Bulgarian anti-money laundering law requires that companies and other entities having their seat in Bulgaria register their ultimate beneficial owner(s). The registration is mandatory, and the deadline for registration is approaching. These obligations arise from the Bulgarian Anti-Money-Laundering Measures Act (2018) transposing Directive (EU) 2015/849 of the European Parliament and of the Council of 20 May 2015 (4th AML Directive) into national law.

In March 2019 the Commission for the Protection of Competition (CPC) cleared the acquisition of Nova Broadcasting Group AD (Nova TV) by Advance Media Group EAD, which is owned by the well-known Bulgarian businesspeople Kiril and Georgi Domuschievi. On this decision, Nova's previous owner, Swedish entertainment company Modern Times Group (MTG), was finally able to sell the TV network and exit the Bulgarian market, after having been prohibited from doing so by the CPC in July 2018.

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 14 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

Our Latest Issue