Gugushev & Partners has advised Next Basket on an investment from the Innovation Capital Fund. Sole practitioner Sylvia Marushkina reportedly advised Innovation Capital.

Did You Know that a total of 14 partners at Bulgarian law firms have worked on multiple client matters in that country so far this year? That group is led by Boris Teknedzhiev of Tokushev & Partners, who has worked on five reported Bulgarian client matters in 2023.

Bulgaria's outlook is improving, with its elected government working hard to catch up on crucial EU legal updates, while the country continues to attract investments in banking, energy, healthcare, and technology, according to Penkov Markov & Partners Associated Partner Boris Lazarov.

Schoenherr, working alongside Jones Day, has advised GfK SE on the EUR 315 million sale of its European Consumer Panel business to YouGov. DLA Piper advised YouGov.

Schoenherr has advised Bulstrad Life Vienna Insurance Group Bulgaria on the acquisition of AmeriMed medical center. Reportedly, Stanev & Partners advised the sellers.

Tsvetkova Bebov & Partners (member of Eversheds Sutherland) has advised on Allianz Bank Bulgaria’s issue of senior preferred MREL bonds.

Boyanov & Co has advised Borealis on the Bulgarian aspects of the sale of its indirect shareholding in Neochim to Agrofert. Wolf Theiss advised Agrofert.

Partners Stephan Kyutchukov and Zdravka Ugrinova have assumed joint management responsibilities as the Co-Managing Partners of Djingov, Gouginski, Kyutchukov & Velichkov.

Boyanov & Co, working with Troutman Pepper, has advised the Deluxe Corporation on the sale of its Hostopia Bulgaria EOOD subsidiary to HostPapa.

Djingov Gouginski Kyutchukov & Velichkov has successfully represented the Miele Center Max Group before the Commission on Protection of Competition in antitrust proceedings initiated against Miele Bulgaria.

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and stay up to date with the latest developments impacting their respective practice areas. 

Although companies’ financing in Bulgaria remains primarily bank-based, a transformation towards the growing importance of alternative financing has been observed in recent years. 

The EU Directives on Work-life balance and on Transparent and predictable working conditions were introduced into the Bulgarian national legislation in August 2022 and brought about significant changes and obligations for the employers. What do they mean for businesses?

Wolf Theiss, working with Ropes & Gray, has advised Astorg on the separation of price-reporting agency Fastmarkets from businesss and financial information company Delinian.

Eversheds Sutherland member Tsvetkova Bebov & Partners has advised the Bulgarian-American Credit Bank on a EUR 15 million private placement of senior non-preferred MREL notes.

On May 25, 2023, CEE Legal Matters reported that Hristov & Partners had advised e-commerce-focused digital company Aiopsgroup on its sale to IT development and services tech group Valantic. CEELM reached out to Hristov & Partners Partner Pavel Hristov to learn more about the deal. 

Bulgaria is experiencing a wide plethora of legislative changes, from employment law and artificial intelligence all the way to the commercial sector, IT, and ESG, according to Deloitte Legal Country Legal Leader and Senior Managing Associate Zvezdelina Filova.

Tokushev and Partners has advised non-banking financial company IpoTech Sofcom on its IPO on the BEAM growth market of the Sofia Stock Exchange.