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67 New Articles

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.

Read more: Hristov Partners and DGKV Advise on Elit Car Acquisition of Auto Kelly Bulgaria and Sale of...

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.

Read more: Dimitrov, Petrov & Co Advises Investor in Sofia Real Estate Project

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.

Read more: CMS Sofia Advises Global Biomet on Acquisition of Solar Power Plant from Novasolar

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.

Read more: CMS Advises Robert Bosch on Successful Public Procurement Bid in Bulgaria

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.

Read more: The GDPR in CEE: One Year On

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.

Read more: Health Tech - 3 Questions, 3 Industries, 3 Points of View

DGKV and Greenberg Traurig have advised QuickBase Inc., backed by Vista Equity Partners, on its acquisition of CloudPipes Group Ltd. Tokushev & Partners and Orrick, Herrington & Sutcliffe advised CloudPipes and the company's sellers — four institutional investors, three founders, and four employees — on the deal.

Read more: DGKV, Tokushev & Partners, and Orrick Advise on QuickBase Acquisition of CloudPipes

On 27 June 2019 the Commission on the Protection of Competition (CPC) issued a decision in which it penalised funeral agency Elida MG EOOD (formerly Pokoy-1945 EOOD) for failing to comply with an earlier CPC decision. Such cases in which an undertaking fails to comply with a CPC decision and is therefore fined again are extremely rare due to the substantial pecuniary penalties which may be imposed on violators.

Read more: Bulgaria: Funeral Agency Fined For Not Complying With Earlier CPC Decision

Arsov Natchev Ganeva has been selected as part of a consortium with Deloitte Bulgaria to advise the Bulgarian Ministry of Finance on the effective application of EU State Aid rules to the provision of Services of General Economic Interest (SGEI) in Bulgaria.

Read more: Arsov Natchev Ganeva to Advise Bulgarian Ministry of Finance on Application of EU State Aid Rules

Djingov, Gouginski, Kyutchukov & Velichkov has advised Dohle Trading Group Holding LLC & Co. LP, the German founder and operator of HIT hypermarkets, on the June 2019 sale of its Bulgarian subsidiary to Rodna Zemya Holding AD, which was advised by Boyanov & Co.

Read more: DGKV and Boyanov & Co Advise on Dohle Sale of HIT Hypermarket Chain to Rodna Zemya

Bulgaria Knowledge Partner

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu

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