On February 22, 2024, Bulgaria, previously one of the few remaining EU countries without foreign direct investment (FDI) controls, introduced a new FDI screening regime in accordance with the EU FDI Screening Regulation 2019/452 (the “EU FDI Screening Regulation”).

Former Deloitte Legal Partners Ryszard Manteuffel and Robert Semczuk have joined the CMS Corporate/M&A practice in Poland as a Partner and a Counsel, respectively.

TGS Baltic, working with Cederquist, has advised Kinnevik on the sale of its entire holding in Tele2 to Freya Investissement for a total of SEK 13 billion.

Until recently, Bulgaria was one of the few remaining EU countries not to have adopted a foreign direct investment (FDI) screening regime. However, this was set to change with the introduction of a bill in late June 2023 to amend the Investment Promotion Act. This amendment implements the screening mechanism outlined in Regulation (EU) 2019/452 (the "EU FDI Screening Regulation").

BDK Advokati has advised Atlantic Grupa on its acquisition of Strauss Adriatic – the owner of Serbian coffee brands Doncafe and C Kafa – from the Strauss Group. Sole practitioner Sarig Shalhav reportedly advised the Strauss Group.

Cobalt has advised the owners of Lithuanian wood pellet manufacturer Granulita on the sale of the company to Zalvaris. PwC Legal advised the buyers.