Former Dimitrov, Petrov & Co. Law Firm Partner Bilyana Angelova has relocated to Luxembourg to join the European Commission as IT contract manager at Directorate-General for Informatics.
Stoeva Tchompalov & Znepolski, working with Morrison & Foerster, has advised Eurohold Bulgaria on accessing a EUR 40 million loan facility. Boyanov & Co, working with Linklaters, has advised arranger, agent, and original lender JP Morgan. Loyens & Loeff reportedly advised Eurohold on Dutch law-related matters.
Djingov Gouginski Kyutchukov & Velichkov, working with Buchanan Ingersoll & Rooney, has advised Bulgaria's M2M Services on its acquisition of the Uplink-branded residential and commercial security and fire alarm business line from Sierra Wireless. Canada's Blake Cassels & Graydon reportedly advised the seller.
After Decree No 318 of 7 October 2022 adopting the Ordinance on the conditions and procedure for issuing, extending and revoking a certificate for a high-tech and/or innovative project (the "Ordinance") was promulgated in issue 82 of the State Gazette of 14 October 2022, Bulgaria joins the almost half of EU countries that issue "start-up visas".
Going through hard times, Bulgaria’s newly elected political parties are still unable to form a government, yet the market is showing positive developments in some sectors, according to Boyanov & Co. Managing Partner Borislav Boyanov.
Schoenherr has advised Oiltanking on the sale of a 91.1% stake in a liquid storage terminal at the Black Sea in Devnya, Varna, to Astra-Finance.