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CMS Successful for Free Energy Project Oreshets Against Bulgaria's Ministry of Finance

CMS Successful for Free Energy Project Oreshets Against Bulgaria's Ministry of Finance

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CMS has successfully represented the interests of Free Energy Project Oreshets – formerly owned by CEZ and currently a part of the Eurohold Group – in a dispute against the Bulgarian Ministry of Finance.

According to CMS, the dispute with the Ministry of Finance of the Republic of Bulgaria was related to the "return of the 20% solar and wind fee, which had been abandoned by the Bulgarian Constitutional Court in August 2014. By means of this final and enforceable decision, the Supreme Court of Cassation in Bulgaria confirmed the liability of the Bulgarian state represented by the Ministry of Finance."

The CMS team included Partner Kostadin Sirleshtov, Counsel Borislava Piperkova, and Senior Associate Elena Yotova-Yordanova.

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.

Firm's website.