Georgiev, Todorov & Co has successfully defended the interests of Multi-profile Hospital for Active Treatment Doverie against Bulgaria's National Health Insurance Fund in a dispute involving payment for medical care provided by the hospital to health-insured persons above the limits set by the NHIF.
DGKV Successful for Mayoral Moda Infantil in Competition Dispute
DGKV has successfully defended the interests of Mayoral Moda Infantil S.A. and its Bulgarian subsidiary Mayoral Bulgaria EOOD before the Bulgarian Commission for Protection of Competition in a case brought by their commercial partner, Comsed, involving allegations of superior bargaining position.
Tokushev & Partners Helps Fund of Funds in Bulgaria Arrange Two Alternative Investment Funds
Tokushev & Partners has helped the Fund of Funds in Bulgaria make arrangements with two financial intermediaries to create several alternative investment funds for equity investments.
Marketing Law Firm Marketing: The Reason for the Role
Why would anyone knowingly become a law firm marketing specialist – a role that is demanding, complicated, challenging, and stressful? To explore this mystery, we went to the source. Accordingly, this time around we asked the law firm marketing specialists of CEE to complete the following question: “I went into Law Firm Marketing/BD as a career because ____________.“
CMS Advises UniCredit Bulbank on NPL Portfolio Sale
CMS has advised UniCredit Bulbank on the sale of a mixed non-performing loan portfolio, secured mostly by real estate assets, to a consortium of APS Holding and Balbec.
Boyanov & Co and CMS Advise on Globalfoundries Acquisition of Smartcom’s PDK Engineering Team
Boyanov & Co has advised Globalfoundries on its acquisition of the Process Design Kit‘s engineering team from Smartcom Bulgaria AD in Sofia. CMS Sofia advised the sellers.
Kambourov & Partners Advises Akropolis Real Estate on Sale of Residential Lot in Sofia
Kambourov & Partners has advised Akropolis Real Estate BV on the sale of a 197,000 square meter residential development lot in Sofia to the Galaxy Investment Group.
Vassilev & Partners Advises JFD Group on Entrance into Bulgaria
Vassilev & Partners has helped Cyprus's JFD Group Limited register its branch in the Bulgarian Commercial Register and the Investment Intermediary Register kept by the Financial Supervision Commission.
Risk-Free Rates and the Future of LIBOR: A Bulgarian Perspective
In 2013, a wide range of changes were introduced in relation to the London Inter-Bank Offered Rate. A staple for a wide range of financial products, LIBOR has been the dominant rate for syndicated loans, bonds, and derivatives entered into on the Bulgarian, CEE, and wider European markets. However, following a series of problems over the past decade, the need to move away from LIBOR has become apparent. As panel banks would not be required to submit their references by the end of 2021, the question has become what the alternatives to LIBOR are and how they can be implemented.
Boyanov & Co. Advises on Bank Merger in Bulgaria
Boyanov & Co. has advised Eurobank Bulgaria AD on the merger and absorption of Piraeus Bank Bulgaria AD.
DGKV Advises Consortium of Lenders on Financial Restructuring of Bulsatcom
DGKV has advised a consortium of lenders including the London-based investment firm Blantyre Capital Limited, the EBRD, and the Bulgarian Development Bank on the financial restructuring of Bulsatcom EAD – the largest Bulgarian TV and satellite operator. Kirkland & Ellis advised Blantyre Capital and Bulgarian Development Bank on matters of English law and Pillsbury Winthrop Shaw Pittman advised the EBRD. Bulsatcom was advised by Bulgarian solo practitioners Gergina Kyoseva and Liliya Tsoncheva.
New EU Directive Regulates Protection of Whistleblowers
On 7 October 2019, the European Union adopted a Directive on the protection of persons reporting on breaches of Union law (the “Whistleblowing Directive” or the “Directive”).
Ron Given Returns to CEE with Deloitte Legal
Former Wolf Theiss Poland Co-Managing Partner Ron Given has joined Deloitte Legal as its CE Senior Legal Counsel, responsible for all of the firm’s offices in 19 Central and Eastern European countries.
Connected Cars in Bulgaria: Exploring the Legal Pitfalls
There were more than 2.7 million vehicles in Bulgaria in 2018, 319,639 of which were newly registered. Yet it appears that such figures, even in a country with a population of less than seven million, don’t necessarily create an opportunity for the development of connected car services. Why aren’t connected cars more significant and widely-used in Bulgaria?
The Corner Office: The Most Difficult Lay-Off
In “The Corner Office” we ask Managing Partners across Central and Eastern Europe about their unique roles and responsibilities. The question this time around: What was the most difficult or unpleasant experience you had terminating someone’s employment?”
White & Case, Bondoc Si Asociatii, and Covington & Burling Advise on PPF's Acquisition of CME
White & Case has advised the PPF Group on its USD 2.1 billion acquisition of Central European Media Enterprises. Bondoc Si Asociatii advised PPF on Romanian law matters. CME was advised by Covington & Burling and Sullivan & Cromwell.
Georgiev, Todorov & Co. Successful for Bulgarian Port Terminal Concessionaire in ECJ
Georgiev, Todorov & Co. has successfully represented BMF Port Burgas EAD, the concessionaire of Bulgaria's Bourgas East 2 and Burgas West port terminals, before the European Court of Justice in a matter initiated by the Administrative Court of Sofia regarding the interpretation of Directive 2009/72/EC regarding the common rules for the internal market in electricity.
Georgiev, Todorov & Co Successful for BMF Port Burgas Before the CJEU
Georgiev, Todorov & Co has successfully represented BMF Port Burgas before the Court of Justice of the European Union in a Preliminary Reference Procedure initiated by the Administrative Court of Sofia regarding an administrative act by Bulgaria's Energy and Water Regulatory Commission relating to an electrical network connection dispute.