On August 30, 2022, CEE Legal Matters reported that Boyanov & Co had advised Yara International on the sale of Bulgarian and Romanian businesses Yara Bulgaria and Yara Digital Romania to the Nik Group. CEE In-House Matters spoke with Sverre Hodnebo, Legal Counsel at Yara International, to learn more about the sale.
Zvezdelina Filova Appointed Deloitte Legal Practice Leader in Bulgaria Following Reneta Petkova's Departure
Zvezdelina Filova has become the new Local Practice Leader for Deloitte Legal in Bulgaria, following the departure of former Partner Reneta Petkova.
Boyanov & Co Among Plethora of Firms Advising on BioIVT’s Acquisition of Fidelis Research
Boyanov & Co has advised BioIVT on its acquisition of Fidelis Research. Divjak Topic Bahtijarevic & Krka, BDK Advokati, Nestor Nestor Diculescu Kingston Petersen, and Kolcuoglu Demirkan Kocakli have advised BioIVT on Croatian, Serbian, Romanian, and Turkish law-related matters, respectively. Hristov & Partners advised Integrity Capital Investments on the sale. Penkov Markov & Partners advised the other sellers.
Freshfields, Rymarz Zdort, and Filip & Company Advise on One Equity Partners’ Acquisition of Muehlhan Business
Freshfields Bruckhaus Deringer, Rymarz Zdort, and Filip & Company have advised One Equity Partners on its acquisition of Muehlhan’s European and US businesses. Reportedly, Eversheds Sutherland member firm Tsvetkova, Bebov & Partners advised the buyer in Bulgaria, while Bech-Bruun, Georgiades & Pelides, and CLP advised the buyer in Denmark, Cyprus, and Norway.
The future of green hydrogen in Bulgaria
Thanks to its qualities - environmental friendliness and a wide range of applications, hydrogen occupies an increasingly central place as an energy carrier. Focus on its use, and in particular on the use of green hydrogen, is also placed at European Union (“EU”) level, where in a number of acts, it is considered an important factor for decarbonization, fulfillment of the global goals of the Paris Agreement and achievement of carbon neutrality until 2050. The reason is that both hydrogen and electricity can be generated from greenhouse gas neutral sources addressing climate change and air quality issues. To deploy green hydrogen and turn it into a viable solution to decarbonize, a lot of investments and a favorable regulatory framework are required.
Grim Backdrop and Cautious Optimism in Bulgaria: A Buzz Interview with Elitsa Ivanova of CMS
Even with elections coming up soon for Bulgaria, there are still plenty of interesting topics to report on, including a vibrant deal market and an active energy sector, according to CMS Partner Elitsa Ivanova.
CMS Advises Vier Gas Transport on Tender for Greece-Bulgaria Gas Interconnector Project
CMS has advised Vier Gas Transport on its successful participation in a tender for selecting a consultant for monitoring and control of the implementation of a commercial dispatcher center for the Interconnection Greece-Bulgaria project held by ICGB AD.
A Moving Plot: The Legal Significance of the Detailed Development Plans under Art. 16 of the Spatial Development Act
Imagine receiving a letter that your real estate located in Bulgaria will, in fact, “change” its location within the neighborhood. This can come up as a shock to any international investor in Bulgaria. Such companies might wish to finance certain entrepreneurial construction activity in Bulgaria, and therefore, acquire one or more plots of land. This sort of legal conundrum is indeed possible in Bulgaria and this article will look into its intricacies.
Kinstellar and Tzvetkova & Partners Advise on 52 Entertainment’s Acquisition of Casualino
Kinstellar has advised 52 Entertainment on the acquisition of Bulgarian game developer Casualino. Tzvetkova & Partners advised Casualino on the sale.
Restructuring Laws and Regulations in Bulgaria
Contributed by Tsvetkova Bebov & Partners, member of Eversheds Sutherland.
DGKV Advises Integral Venture Partners-Led Consortium on Acquisition of 76% Stake in Sirma AI
Djingov, Gouginski, Kyutchukov & Velichkov has advised a consortium of investors led by Integral Venture Partners on the acquisition of a 76% stake in Sirma AI, trading as Ontotext. Popov, Arnaudov and Partners reportedly advised Sirma Group Holding, Sirma Solutions, and Ontotext on the sale.
Dentons, Polenak, Boyanov & Co, and Clifford Chance Advise on Financing for KKCG Group’s Acquisition of Musala Soft
Dentons has advised a syndicate of banks led by Ceska Sporitelna, and including Ceskoslovenska Obchodni Banka and Komercni Banka, on the financing of KKCG Group and Aricoma Group’s acquisition of Musala Soft. Polenak, Boyanov & Co, and, reportedly, Andric and TM & Partners advised the banks as well. Clifford Chance advised Aricoma Group on the deal.
Bernitsas Advises Delta Foods on Sale of United Milk Company
Bernitsas has advised Delta Foods SMSA on the sale of its wholly owned Bulgarian subsidiary United Milk Company EAD to Tyrbul EAD.
Bulgarian Whistleblowing Woes – A CEE Legal Matters Round Table
Hosted by Penkov, Markov & Partners, nine lawyers from Bulgaria – six working in-house and three in private practice – sat down for a round table conversation to discuss the EU Whistleblowing Directive and how it will impact companies in the country.
Round Six: The European Union Ban on Russian Energy Imports
The sixth package of European Union sanctions imposed on Russia is a widely discussed topic, yet the overall levels of preparedness to adopt the associated energy import ban varies from one country to another. Indeed, with Russian oil and gas exports being such a dominant source of energy for a number of European countries, it remains to be seen how all of them adapt to the change. To gain insight into how certain EU member states and non-EU countries are (likely) to fare in the immediate wake of the ban, we reached out to legal professionals from Turkey, Poland, Bulgaria, the Czech Republic, and Moldova.
Bulgaria: Energy and Infrastructure Attract Investor Attention
A combination of policy support for and decreasing investment costs in renewables, the nuclear energy revival, and major nearby discoveries of natural gas in the Black Sea leads to the unprecedented interest of investors in Bulgaria.
Boyanov & Co and Wolf Theiss Advise on Sale of Yara Bulgaria and Yara Digital Romania to Nik Group
Boyanov & Co has advised Yara International on the sale of Bulgarian and Romanian businesses Yara Bulgaria and Yara Digital Romania to the Nik Group. Wolf Theiss advised the buyer.
Schoenherr Advises Alfa Laval on Scanjet Acquisition
Schoenherr, working with Mannheimer Swartling, has advised Alfa Laval Corporate on its acquisition of Scanjet Systems.