Schoenherr has advised Bulstrad Life Vienna Insurance Group Bulgaria on the acquisition of AmeriMed medical center. Reportedly, Stanev & Partners advised the sellers.

Tsvetkova Bebov & Partners (member of Eversheds Sutherland) has advised on Allianz Bank Bulgaria’s issue of senior preferred MREL bonds.

Boyanov & Co has advised Borealis on the Bulgarian aspects of the sale of its indirect shareholding in Neochim to Agrofert. Wolf Theiss advised Agrofert.

Partners Stephan Kyutchukov and Zdravka Ugrinova have assumed joint management responsibilities as the Co-Managing Partners of Djingov, Gouginski, Kyutchukov & Velichkov.

Boyanov & Co, working with Troutman Pepper, has advised the Deluxe Corporation on the sale of its Hostopia Bulgaria EOOD subsidiary to HostPapa.

Djingov Gouginski Kyutchukov & Velichkov has successfully represented the Miele Center Max Group before the Commission on Protection of Competition in antitrust proceedings initiated against Miele Bulgaria.

Although companies’ financing in Bulgaria remains primarily bank-based, a transformation towards the growing importance of alternative financing has been observed in recent years. 

The EU Directives on Work-life balance and on Transparent and predictable working conditions were introduced into the Bulgarian national legislation in August 2022 and brought about significant changes and obligations for the employers. What do they mean for businesses?

Wolf Theiss, working with Ropes & Gray, has advised Astorg on the separation of price-reporting agency Fastmarkets from businesss and financial information company Delinian.

Eversheds Sutherland member Tsvetkova Bebov & Partners has advised the Bulgarian-American Credit Bank on a EUR 15 million private placement of senior non-preferred MREL notes.

On May 25, 2023, CEE Legal Matters reported that Hristov & Partners had advised e-commerce-focused digital company Aiopsgroup on its sale to IT development and services tech group Valantic. CEELM reached out to Hristov & Partners Partner Pavel Hristov to learn more about the deal. 

Bulgaria is experiencing a wide plethora of legislative changes, from employment law and artificial intelligence all the way to the commercial sector, IT, and ESG, according to Deloitte Legal Country Legal Leader and Senior Managing Associate Zvezdelina Filova.

Tokushev and Partners has advised non-banking financial company IpoTech Sofcom on its IPO on the BEAM growth market of the Sofia Stock Exchange.

Kinstellar, working with William Fry and Simpson Thacher & Bartlett, has advised human capital management cloud company UKG on its acquisition of payroll provider Immedis.

The end of the COVID-19 pandemic led to growth in the commercial real estate market in Bulgaria. So far, the biggest winners are the office, industrial, and logistics sectors, since most investors and retailers are still hesitant about the future of shopping centers. According to the latest reports, the available office space in Bulgaria increased by 7% in the second half of 2022, and more than 180,000 square meters of office space were leased during the same period, the highest amount since 2017.

An in-depth look at Victor Gugushev of Gugushev & Partners covering his career path, education, and top projects as a lawyer as well as a few insights about his as a manager at work and as a person outside the office.

The political turbulence within and beyond Bulgaria has not only caused unpredictability in the regulatory environment but also drastic changes in the national energy sector. Following the Russian invasion in Ukraine, Bulgaria took steady steps to break its dependence on Russia as a single supplier of natural resources.

On May 4, 2023, the Bulgarian Whistleblower Protection Act (the Act), which transposes Directive (EU) 2019/1937 of the European Parliament and of the Council on the protection of whistleblowers for violations of Union law (the Whistleblowing Directive) will enter into force.