News & Deals


BOYANOV & Co. Advised the Lenders of Vestas Group on a Restructuring of a Global Loan

BOYANOV & Co. advised the lenders on Bulgarian law matters related to the restructuring of a global loan to Vestas Group with a value in the range of EUR 1.3 billion. The deal was completed at the beginning of 2013.     Copyright picture: Vestas Group


BOYANOV & Co. represented F. Hoffmann – La Roche AG in a patent litigation against a producer entering the Bulgarian market without the consent of the patent holder

BOYANOV & Co. represented a major foreign pharma company in a patent litigation against another big foreign generic producer who entered into the Bulgarian medicinal products market without the consent of the client before the expiration of the patent rights. Meanwhile, Hogan Lovells International LLP, London coordinated the work on opposition proceedings before the European […]


BOYANOV & Co. is Advising UBS AG on Enforcement of Its Claims under a USD 35 Million Loan

BOYANOV & Co. is advising UBS AG on the enforcement of its claims under a USD 35 million loan extended in 2006 to Steel Commodities AD, a Bulgarian company controlled by the former owner of Kremikovtzi AD, extended for the purposes of trade in metals. Kremikovtzi AD is the former largest steel mill in Bulgaria, […]


BOYANOV & Co. Continues to Advise Fox Channel on a Regular Basis

BOYANOV & Co. continues to regularly advise Fox Channel on all legal aspects of its activities in Bulgaria, including copyrights and neighbouring rights issues in the media sector, content of media programs, etc. BOYANOV & Co.’s team is led by the partner Damian Simeonov.       Copyright picture: Fox Channel


BOYANOV & Co. is Advising Capita Asset Services (UK) Ltd on a Non-Performing Loan of EUR 86 Million Extended by Deutsche Bank

BOYANOV & Co. advised Hatfield Philips International and now Capita Asset Services (UK) Ltd (which replaced HPI) in their capacity as the appointed Special Servicer of a non-performing loan of EUR 86 million extended by Deutsche Bank AG (London Branch) in 2006 to Business Park Sofia for the development of the first business park in […]


BOYANOV & Co. Represents an International Oil Investor in a Tax Dispute

BOYANOV & Co. is representing an international investor in the oil industry in a tax dispute with the National Revenue Agency regarding VAT classification and treatment of a commercial transaction. The case involves interpretation of national legislation implementing the Sixth VAT Directive (now Directive 2006/112/EC) and the practice of the Court of Justice of the […]


BOYANOV & Co. Represents a Leading International Pharmaceutical Company in a Patent Litigation against a Generic Producer

BOYANOV & Co. is representing a leading international pharmaceutical company in a patent litigation against a generic producer who entered into the Bulgarian market without the consent of the patent holder before the expiration of the patent rights. The case is still pending at the first instance court. Hogan Lovells International LLP, London coordinates the […]


BOYANOV & Co. Advises Cosmote Telecommunications S.A. on a Proposed Sale of Globul and Germanos Telekom Bulgaria

BOYANOV & Co. is advising Cosmote Telecommunications S.A. on Bulgarian law matters related to a proposed sale by Cosmote (the main Greek mobile operator) of its Bulgarian subsidiary (operating under the brand Globul), as well as its local retail chain Germanos Telekom Bulgaria. BOYANOV & Co.’s team is led by the partner Damian Simeonov.   […]


BOYANOV & Co. Advises Eutelsat S.A. on Contentious Matters regarding a Public Procurement Procedure

BOYANOV & Co. advises Eutelsat S.A. in connection with its participation in public procurement transmission and satellite distribution of the Bulgarian National Television (BNT), including on appeals related to the procedure. BOYANOV & Co.’s team prepared the defence of Eutelsat S.A. against the illegal disqualification made by BNT and represented Eutelsat S.A. before the Commission […]


BOYANOV & Co. Continues to Represent Minerali Industriali Bulgaria OOD and Mineral Resources Srl. Italy in a Major Insolvency Case

BOYANOV & Co. continues to represent Minerali Industriali Bulgaria OOD and Mineral Resources Srl. Italy in an insolvency case involving claims for more than EUR 2.5 million, and performance of an accompanying injunction, complex corporate, and criminal proceedings. Gruppo Minerali Maffei is a major Italian mining company that controls two companies in Italy, one in […]


BOYANOV & Co. Advises on “Probably the Most Complicated Deal in Bulgaria Ever”

On 6 September 2012 Reuters reported that the High Court in London approved the deal for the EUR 1.7 billion debt restructuring of the Bulgarian telecoms operator Vivacom (known also as “BTC”), ending two years of wrangling with lenders and failed attempts to sell the company ( This was said to be “probably the most […]


BOYANOV & Co. Advised Kapsch EOOD in a Public Procurement Procedure

BOYANOV & Co. advised Kapsch EOOD in connection with participation in a public procurement procedure regarding delivery, installation, commissioning and maintenance of hardware system, announced by EVN Bulgaria Elektrorazpredelenie AD. The value of the public procurement contract is circa EUR 640,000 (exclusive of VAT). Kapsch EOOD is the Bulgarian subsidiary of Kapsch Group, which is […]


BOYANOV & Co. Represents Plaisio Computers S.A. in an Infringement Case

BOYANOV & Co. represents Plaisio Computers S.A. in a claim against Prestige Business, a Bulgarian company for stationery and office equipment, for applying the client’s trademarks with national registration in Bulgaria, for registration in bad faith. The case was successfully defended in the first instance but the appellate instance annulled the ruling of the first […]


BOYANOV & Co. Advised Telefonika on a Resale of Telecommunication Services for Corporate Clients

BOYANOV & Co. advised Telefonika on regulated matters relating to a resale of telecommunication services for corporate clients. In this respect, the firm has advised Telefonika on contracts with telecommunication operators in relation to the Regulator and given comments on draft of amendments to the regulations. Telefonika is the number one Spanish multinational by market […]


BOYANOV & Co. Advised OMV Austria and OMV Bulgaria on a Contract with Western Union

In 2011 and 2012 BOYANOV & Co. advised OMV Austria and OMV Bulgaria in respect of a contract with Western Union for providing money transfer services of Western Union at OMV fillings stations in Bulgaria and Bulgarian regulatory matters concerning the contract.         Copyright picture: OMV


BOYANOV & Co. Successfully Represented BNP Paribas S.A. France – Bulgarian Branch in an Insolvency Case against a Bulgarian Large Corporation

BOYANOV & Co. represented BNP Paribas S.A. France – Bulgarian Branch, which initiated the insolvency proceedings against a Bulgarian large corporation. The Bank has granted a loan of over EUR 1.4 million secured by mortgage, which was under the threat to be considered unsecured based on the date of insolvency to be established by the […]


BOYANOV & Co. Advised Fraport Twin Star Airport Management AD on a EUR 70.9 Million Deal

BOYANOV & Co. Advised Fraport Twin Star Airport Management AD (a JV between Fraport AG, the company operating the Fraport Airport, and a local partner, holding concessions for operation of the civil airports on the Bulgarian Black Sea Coast – Varna and Bourgas) on a EUR 28 million financing from UniCredit Bulbank AD for the […]


Acquisition of the Leading Consumer Electronics Retailer in Bulgaria was Unconditionally Cleared by the Commission for the Protection of Competition

BOYANOV & Co. represented The Luxembourg Acquisition Company S.à r.l. in the merger control procedure related to the acquisition of sole control over the undertakings Axis Retail N.V., the Netherlands Antilles, and Borovets Invest B.V., the Netherlands. Axis Retail N.V. through its Bulgarian subsidiary is the operator of Technomarket – the leading retail chain for […]


BOYANOV & Co. Advised Broadsoft Inc. on the Acquisition of Partners 1993 EOOD (Bulgarian Software Developer Company)

Broadsoft Inc., a leading global provider of real-time Unified Communications services that are delivered over mobile, fixed-line and cable IP networks, needed to acquire the in-place software engineering development team (employees) of Partners 1993 EOOD in Bulgaria. BOYANOV & Co. provided full support to Broadsoft in all stages of the acquisition and continues to provide […]


BOYANOV & Co. Represented Austrian Post in Local Merger Clearance Procedure

BOYANOV & Co., acting on behalf of Post acht Beteiligungs GmbH, successfully obtained clearance for the concentration resulting from the acquisition of sole control by Post acht Beteiligungs GmbH, Austria over M&BM Express OOD, Bulgaria – a local privately-owned postal services operator, providing a full range of mail and parcel services, including hybrid-mail. Post acht […]