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 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 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.

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. has advised Eurobank Bulgaria AD on the merger and absorption of Piraeus Bank Bulgaria AD.

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.

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”).

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.

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?

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 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. 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 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.

Velchev & Co has helped adp Gauselmann GmbH obtain а license to produce, distribute, and service gaming equipment from the State Commission on Gambling of Bulgaria.

CMS Sofia has advised Solar World Aquiris S.a.r.l. on a EUR 10.5 million financing of its 10MW photovoltaic plants in Bulgaria from the United Bulgarian Bank.

Velchev & Co has helped Iris Solutions OOD obtain a payment institution license from the Bulgarian National Bank.

“What we are seeing lately is a fragmentation of the legal market, as well as intensifying competition,” says Peter Petrov, Partner at Boyanov & Co. in Bulgaria. “While no major players have entered or exited the market, there have been moves between legal teams, as well as existing teams developing new expertise.”

Dimitrov Petrov & Co has helped NEVEQ set up a new alternative investment fund valued at EUR 23.2 million for collective investment.