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.
DGKV has advised Patisha AD, a Bulgarian infrastructure construction company, on the sale of a 90% stake in the company to Zavodski Stroeji PS Pazardzhik EAD, a construction company in the Pazardzhik region of Southern Bulgaria.
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.
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.
Former McGregor & Partners Partner Asya Vladimirova has joined the IP practice at Dimitrov, Petrov & Co. in Sofia.
Georgiev, Todorov & Co has advised Gazprom Export LLC on the termination of employment contracts with some of the company's employees in Bulgaria.
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.
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.