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CMS Advises Danske Commodities on Licensing Before Bulgarian Energy and Water Regulatory Commission

CMS Advises Danske Commodities on Licensing Before Bulgarian Energy and Water Regulatory Commission

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CMS has advised electricity trader Danske Commodities on the licensing of its Bulgarian activities before the country's Energy and Water Regulatory Commission, including for the coordination of a standard and combined balancing group.

Danske Commodities is an international trader of electricity active in 40 countries. It was established in 2004 in Denmark. The company was acquired by Equinor in 2019, and now serves as its route-to-market for renewables.

"In addition to electricity trading, Danske Commodities is also licensed and has become the coordinator of a standard and combined balancing group in Bulgaria, which will allow for the significant broadening of its activities within the country," CMS reported.

The CMS team was led by Managing Partner Kostadin Sirleshtov and included Counsel Borislava Piperkova, Senior Associate Elena Yotova-Yordanova, Junior Associate Lubomira Tanchovska, and Trainees Boris Kirov and Nia Ivanova.

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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