Bulgarian lawyer Antonia Mavrova and Czech lawyer Tomas Cihula have been promoted to partner at Kinstellar.

CMS Sofia has helped SPM Bulgaria LLC obtain a permit to prospect and explore Block 1-25 Vratsa West, which covers a large territory in northwestern Bulgaria, and which CMS describes as "the biggest onshore block in Bulgaria tendered in the past few years."

Dimitrov, Petrov & Co has advised Neveq Management OOD on the registration of the company as an Alternative Investment Fund Manager.

Dimitrov, Petrov & Co. has promoted Bilyana Angelova to Partner.

"One of Bulgaria’s biggest challenges, but simultaneously one of the biggest positive developments, is the country’s intention to join the European Exchange Rate Mechanism," says CMS Partner Elitsa Ivanova. "This is basically the waiting area for the Eurozone and the EU banking union."

CMS has supported both Shell and Repsol on negotiations for and the transfer of 20% of Shell’s interest in the Khan Kubrat block, offshore Bulgaria, to Repsol Bulgaria Khan Kubrat S.A

Radoslav Alexandrov has been promoted to Partner and Stela Sabeva was appointed the new Head of Intellectual Property at Boyanov & Co. in Bulgaria.

Kambourov & Partners has advised one of the founders of the Union Ivkoni Ltd. bus company on the sale of his share in the company related to the company's merger with competitor Etap Address.

Georgiev, Todorov & Co. is representing BMF Port Burgas in oral arguments before the Court of Justice of European Union in a Preliminary Reference Procedure related to a ruling by the Administrative Court of Sofia.

CMS has advised China Communications Construction Company Ltd. on structuring and winning a public procurement contract for the Bulgarian railways.

CMS has advised logistics company Fresh and Food Logistics on the acquisition of the logistics activities of Froneri, a joint venture of Nestle and R&R for production of ice-cream, frozen foods, and dairy products in Sofia and Varna, Bulgaria. Djingov, Gouginski, Kyutchukov & Velichkov advised Froneri on this deal.

CMS has successfully represented RES Technology in a dispute heard by the Arbitration Court of the Bulgarian Chamber of Commerce and Industry initiated by Bulgaria's state-owned electricity transmission system operator ESO EAD.

Spasov & Bratanov has announced that Jana Djambazova is retiring from the firm's partnership.

Bulgaria, along with the entire CEE region, has been experiencing a surge in investment and transactions over the past two to three years. Prior to that, hit by a late wave of the global recession, Bulgarian business faced problems with over-indebtedness, resulting in a large number of insolvencies, especially in the real estate sector. Since then, however, insolvencies have been decreasing. Thus, the recent uptick in the number of insolvency procedures being initiated in a particular sector – energy – deserves special focus and attention.

Dimitrov, Petrov & Co has helped Vaha Trade EOOD obtain the first MIFID II license issued in Bulgaria.

Boyanov & Co. has advised both the buyers and the sellers on NBG Pangaea REIC's acquisition of I&B Real Estate AD from Icon OOD, a company from the GEK Terna Group.

CMS has advised Shell International Exploration and Development Italia on the transfer of 30% of its exploration rights on Bulgarian offshore Block 1-14 Khan Kubrat to the local branch of Australia's Woodside Energy Limited. Herbert Smith and Schoenherr advised Woodside on the deal.

Victor Gugushev has become a Partner at Bulgaria's Gugushev & Partners.