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.

CMS has assisted Corinth Pipeworks S.A., a Greek producer of gas pipeline equipment, on its successful preparation, bid, and signing of a multi-million pipe delivery agreement with ICGB - the project company developing the Natural Gas Interconnector Greece-Bulgaria.

Tsvetkova Bebov Komarevski has advised Bombardier Transportation Italy, part of the Plobur Consortium, on its entrance into a public procurement contract with Bulgaria's state-owned National Railway Infrastructure Company worth EUR 94.6 million.

Hristov Partners has advised Elit Car and its founders on the parallel acquisition of Auto Kelly Bulgaria Ltd. and the sale of 20% of Elit Car's share capital to Auto Kelly a.s., an affiliate of LKQ Corporation. Djingov, Gouginski, Kyutchukov & Velichkov advised Auto Kelly.

Dimitrov, Petrov & Co. has advised Bulgarian entrepreneur Dilyan Pavlov on the acquisition of an unspecified stake in Sofia's Park Lane Office Center from founding shareholders Park Lane Invest and SofCapital, a part of the AG Capital group.

Former Kambourov & Partners Partner Nikolay Vasilchev has joined Maxima Bulgaria/T Market as Administrative Director and Chief Legal Counsel.

CMS Sofia has advised Bulgaria's Argos Energy Ltd on the completion of the first renewable energy project in Bulgaria created without any subsidy or feed-in tariff.

CHSH Cerha Hempel Spiegelfeld Hlawati has rebranded as Cerha Hempel.

CMS Sofia has advised Global Biomet on the acquisition of the Resen photovoltaic project, with installed capacity of 5 MW, from Austria's Novasolar GmbH. The deal, which is valued at almost EUR 10 million, closed on September 16, 2019.

CMS Bulgaria has helped Robert Bosch, a subsidiary of the German Bosch Group, secure a multi-million public procurement contract with EVN Bulgaria District Heating for the supply, installation, and operation of 19+1 MW water heating boilers.

Raya Maneva has been promoted to Head of Projects at CMS Sofia.

It has been over a year since the European Union’s General Data Protection Regulation became mandatory across Europe, marking a seismic shift in the way that companies collect, process, and handle personal data. Countries across the European Union and beyond have adapted their national laws to meet the requirements of the GDPR – with many introducing local derogations as permitted by the GDPR.

At the end of April, 2019, Sopharma Trading announced the creation of “SOinventure” – a corporate acceleration program in the field of health-tech, organized in partnership with Bulgarian investment fund Eleven Ventures. We decided to ask Mr. Ivaylo Simov, Partner at Eleven Ventures, and Mr. Dimitar Dimitrov, CEO of Sopharma Trading, three questions about the development of the alliance between healthcare and new technology, and we added our experience-based opinion to their answers.

Kambourov & Partners has assisted international cargo operator Fleet Air International Kft. on the incorporation of its Bulgarian subsidiary and the relocation of Fleet's air fleet to Bulgaria.