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DGKV’s real estate team has advised NEPI Rockcastle on the September 21, 2017 acquisition by its subsidiary NEPI Project Two EOOD of Bulfeld EOOD — the owner of the Paradise Center shopping center in Sofia — from Bul Dom OOD. Penkov, Markov & Partners advised the sellers on the deal, which remains subject to approval of the Bulgarian competition watchdog.

In The Corner Office, we invite Senior and Managing Partners at law firms from across the region to share information about their careers, management styles, and strategies. For this issue, we asked them to describe their least favorite part of their jobs. 

Kinstellar has advised a consortium consisting of Hungary’s OTP Bank PLC, its Bulgarian subsidiary, DSK Bank, and Eurobank Bulgaria on a EUR 133 million senior loan facility to Business Park Sofia to be used for debt restructuring and the construction of a new office building.

DGKV has advised AP Investments AD on the sale of 50% of Mall Galleria Varna to the Serbian-based Delta Real Estate DOO and the Cyprus-based Astatine Holdings Limited. The buyers were advised by Deloitte Legal on the deal, which closed on August 18, 2017. The financial terms of the transaction were not disclosed. 

"Lawyers feel the pulse of the economy,” says George Dimitrov, the Managing Partner of Bulgaria’s Dimitrov, Petrov & Co. law firm, "so if lawyers have work that means things are going well in business.” Accordingly, Dimitrov’s assertion about his firm that, “we have lots of work and we’re expanding our team” can only be a good sign for Bulgaria.

In general the protection of intellectual property rights over products related to or originating in a defined geographical area is based on the legal concept of a “geographical indication.” According to both legal theory and practice a geographical indication (GI) is a sign used on products that have a specific geographical origin and possess qualities or a reputation related to that origin.

Schoenherr has advised Bulgarian Eagle airlines, the ACMI (Aircraft, Crew, Maintenance, and Insurance) carrier recently founded by the Germania Group, on its expansion into Bulgaria and on obtaining an official air operator certificate from the Bulgarian authorities, which allows the airline to use aircraft for commercial purposes. After all the necessary licenses were issued and a demonstration flight was successfully completed, the Bulgarian aviation authority cleared the new airline for take-off.

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.

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