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CMS Advises Bank of Cyprus on Post-Completion Matters Following Sale of Ukrainian Subsidiary

CMS Advises Bank of Cyprus on Post-Completion Matters Following Sale of Ukrainian Subsidiary

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CMS has advised the Bank of Cyprus on Ukrainian law matters following its 2014 sale of the Ukrainian subsidiary of Bank of Cyprus and associated debt to Alfa Group and on the refinancing by the EBRD of a EUR 68 million facility for the construction of the “largest shopping, exhibition, and office centers in Odesa Riviera Property Complex owned by Ukrainian asset holding company Novi Biznes Poglyady."

CMS’s team included Partners Tetyana Dovgan and Ihor Olekhov, Counsel Kateryna Chechulina, and Lawyer Diana Pysarenko.

Baker McKenzie advised the Alfa Group on its 2014 acquisition of Bank of Cyprus’ Ukrainian assets  (as reported by CEE Legal Matters on April 28, 2014).

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

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