17
Tue, Sep
34 New Articles

Former Penkov, Markov & Partners Partner Svetlin Adrianov has joined EY Law as Associate Partner and Law Leader for EY Bulgaria, Albania, and Macedonia, in a move the firm claims "strengthens one of the firm’s core practice areas – corporate and transaction law, and adds further depth to the firm’s offering."

“It’s never boring in Bulgaria – we always have some hot topics to handle,” says Stefana Tsekova, Partner at Schoenherr Bulgaria, who reports that on August 10 the country’s trade registry collapsed and remained unavailable for 18 days, causing a “total nightmare for the business sector.”

On 19 July, 2018 the Bulgarian Commission for the Protection of Competition (the "CPC") prohibited two concentrations. The first being the sale of the second largest media conglomerate in Bulgaria, Nova Broadcasting Group AD ("Nova Broadcasting"), (owner of Nova TV), to PPF Bidco, (owned by Czech businessman Petr Kellner), and secondly the sale of CEZ's assets in Bulgaria, which include its energy distribution business, trade business and some small renewable energy parks to a Bulgarian company, Inercom, which maintains three solar power stations in the country.

CMS Sofia has advised Austrian-based funds Universale International Realitaten, CA Immo International Holding, and CEE Realty Beteiligungs on the sale of Megapark, а 75,000 square meter office building in Sofia, to Lion’s Head Investments, a joint venture between the Bulgarian real estate holding AG Capital and the South African investor Old Mutual Group. Kinstellar advised the buyer on the deal.

Wolf Theiss has advised the Chinese home appliance producer Hisense on its takeover offer for 95% of the shares in Slovenian white-goods manufacturer Gorenje. Jadek & Pensa advised Gorenje on the sale. The transaction value exceeds EUR 250 million.

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