Former Senior Associate Dragomir Stefanov was promoted to Partner at Hristov & Partners.
Can Security be Held by an Agent in Bulgaria?
Why do we need an agent to hold the security in the first place?
DPC Advises TPXImpact Holdings on Sale of Questers
Dimitrov, Petrov & Co has advised TPXImpact Holdings on the sale of its subsidiaries Questers Resourcing and Questers Bulgaria to Estonia-based software developer Nortal. Reportedly, Charles Russell Speechly and Konecna & Zacha advised Nortal.
Orrick Advises on Ellia USD 1.5 Million Seed Funding
Orrick has advised Ellia on its USD 1.5 million seed funding. Wolf Theiss reportedly advised Bulgarian Eleven Ventures on leading the funding round.
Boyanov & Co Advise Black Sea Property on Acquisition of Grand Hotel Varna
Boyanov & Co has advised Black Sea Property on its acquisition of Grand Hotel Varna.
DGKV and Georgiev & Kolev Advise on TokWise EUR 3 Million Equity Investment Round Led by Encavis
Djingov Gouginski Kyutchukov & Velichkov has advised TokWise on its EUR 3 million equity investment round led by Encavis and including Vitosha Venture Partners-Fond I KD, KIC InnoEnergy SE, and Innovation Capital Fund KDA. Georgiev & Kolev advised Vitosha Venture Partners. CMS reportedly advised Encavis.
Boyanov & Co and Schoenherr Advise on Aurelius Group Acquisition of Lufthansa’s Catering Operations in Bulgaria
Boyanov & Co has advised the Aurelius Group on its acquisition of Lufthansa’s catering operations in Bulgaria. Schoenherr advised Lufthansa.
CMS Advises Naftogaz Slovakia on Bulgarian Natural Gas Trading License
CMS has advised Naftogaz Slovakia – the local subsidiary of the national gas company of Ukraine – on securing a natural gas trading license in Bulgaria.
The Debrief: November 2023
In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.
White & Case Successful for Bulgarian Energy Holding Before EU General Court in Abuse of Dominance Case
White & Case has successfully represented the Bulgarian Energy Holding and its Bulgargaz and Bulgartransgaz subsidiaries before the European Union's General Court in a case that saw the full annulment of a 2018 decision by the European Commission and related EUR 77 million fine imposed for foreclosing the Bulgarian gas supply market.
CMS Successful for Alpha Solar Group and Alpha Solar Invest in Feed-in Tariff Dispute
CMS has successfully represented Slovakian renewable energy investors Alpha Solar Group and Alpha Solar Invest in a case against the Bulgarian state regarding the recovery of cut feed-in tariffs for operational photovoltaic plants in Bulgaria.
Kinstellar and Sabev & Partners Advise on TSS Acquisition of AS Systems in Bulgaria
Kinstellar has advised Total Specific Solutions on its entry into the Bulgarian market through the acquisition of AS Systems. Sabev & Partners advised the sellers.
Tsvetkova Bebov & Partners Advises Villeroy & Boch on Acquisition of Bulgarian Ideal Standard
Eversheds Sutherland Bulgarian member Tsvetkova Bebov & Partners, working alongside Freshfields Bruckhaus Deringer, has advised Villeroy & Boch on the acquisition of Bulgarian Ideal Standard- Vidima AD, part of the Ideal Standard Group. White & Case and Boyanov & Co reportedly advised the sellers.
Liability of a Bank in a Case of Financial Crime Committed by a Third Party
We are a law firm that is dedicated to recovering assets for victims of financial crime when the assets or scammers are located in Bulgaria. Nowadays, a growing number of people become victims of a sophisticated ongoing criminal fraud scheme involving an unknown number of organised participants from different countries. The fraudsters aim to deceive the victims to transfer significant amounts of money to the fraudster’s bank accounts in Bulgaria. Then, the scammers usually move the received sum to a bank account in a country outside the European Union. However, these transfers are in breach of Bulgarian and international anti-money laundering law.
BPV Braun Partners, KDP, and PwC Legal Advise on Witte Automotive Acquisition of Forez BG
BPV Braun Partners and Komarevski Dimitrov & Partners have advised Witte Automotive on its acquisition of a majority stake in Ruse-based Forez BG from FH Holding. PwC Legal advised FH Holding on the deal.
Sava Savov Joins Kinstellar as Partner
Former Goodwin Procter Partner Sava Savov has joined Kinstellar as a Partner to support the firm's international transactional offering and work with the executive team on various strategic initiatives.
Bulgaria: The Piracy Ship Started Sinking in Bulgaria
On May 31, 2023, the Sofia City Court issued a landmark decision in the field of copyright protection, pursuant to which three internet providers were directed to disable the access of their users to peer-to-peer file-sharing platforms Zamunda and The Pirate Bay – to both the main torrent websites and any known proxies allowing access to these platforms.
CMS Advises Enka on Photovoltaic Project Acquisition in Bulgaria
CMS has advised Enka on its EUR 8.4 million acquisition of a 40-megawatt photovoltaic project through the acquisition of the Town Up 8 company. Savova & Co reportedly advised the sellers.