News & Deals


BOYANOV & Co. advised and represented Montupet in an appeal against a Tax Assessment Statement

BOYANOV & Co. advised and represented Montupet on all aspects of the Company’s appeal against a Tax Assessment Act issued by the National Revenue Agency and in particular on the alleged wrong determination by the client of the categories of labour applicable to the employees in the factory in Ruse, which resulted in tax claims […]


Cosmote completes the sale of Globul and Germanos Telecom Bulgaria to Telenor

On 31 July 2013, the Greek mobile telecom operator Cosmote Mobile Telecommunications S.A. (majority owned by Deutsche Telekom) completed the sale of its Bulgarian subsidiaries (Cosmo Bulgaria Mobile EAD also known as “Globul” – the second largest mobile phone operator in Bulgaria and Germanos Telecom Bulgaria EAD – “Germanos” – its local retailer) to Telenor Mobile […]


BOYANOV & Co. advised Danjaq LLP on a trademark dispute

BOYANOV & Co. advised Danjaq LLP on a trademark dispute with the Bulgarian Patent Office (BPO) regarding the claimed well-known status of the TM 007 (Gun Logo) in Bulgaria as of  1 December 2006. In a landmark decision of 13 May 2013 the Supreme Administrative Court ruled in favour of Danjaq LLP underlining that Bulgarian […]


BOYANOV & Co. Advises the Greek companies Fourlis Group and Danaos Corporation on the Financing of the Development of One of the Largest Malls in Sofia

BOYANOV & Co. advises the borrower, Sofia South Ring Mall EAD owned by the Greek companies Fourlis Group and Danaos Corporation, which are also the local franchisees of IKEA, on the financing of the development of one of the largest malls in Sofia – Sofia South Ring Mall. The loan value is in excess of […]


BOYANOV & Co. Advised the Largest Turkish Private Equity Firm (Actera) on an Acquisition of a Business with Operations in Several Jurisdictions

BOYANOV & Co. advised Actera, the largest Turkish private equity firm, on the Bulgarian law aspects of a financing by Akbank for the acquisition of a business, dealing with manufacturing parts for the automotive industry, with operations in several jurisdictions, including Bulgaria (Standard Profil group). The deal was completed in the beginning of 2013 with […]


BOYANOV & Co. Successfully Defended the Interest of One of the Largest Bulgarian Beer Manufacturers in Complex Tax Litigation

In 2012 – 2013 BOYANOV & Co. was representing one of the largest Bulgarian beer manufacturers in a tax case involving claims for corporate tax, VAT, social insurance etc., covering a period of 5 years. The initial claims of the tax authorities amounted to circa EUR 4.6 million. In addition to that, the potential negative […]


BOYANOV & Co. Assisted the National Bank of Greece to Successfully Complete the Acquisition of Eurobank

BOYANOV & Co. advised National Bank of Greece on all Bulgarian legal aspects of its acquisition of Eurobank Group, including all regulatory, competition and corporate issues. The firm successfully represented NBG before the Bulgarian National Bank and the Bulgarian Competition Commission and obtained the needed permits and clearances for the Bulgarian level of the acquisition. […]


BOYANOV & Co. successfully represented Dundee Precious Metals before the Supreme Administrative Court

BOYANOV & Co. successfully represented before 5-member panel of the Supreme Administrative Court one of the Bulgarian subsidiaries of the Canadian public company Dundee Precious Metals. The dispute related to the Decision of the Council of Ministers for Approval of the Environmental Assessment Impact Report on the concession for gold mining granted to that company […]


BOYANOV & Co. Advises ESAB Electrodes on the Closure of the Factory for Production of Electrodes for Manual Arc Welding and Hard-facing Located in the Town of Ihtiman, Bulgaria

BOYANOV & Co. advises ESAB Electrodes on all aspects of the closure of the factory for production of electrodes for manual arc welding and hard-facing located in the town of Ihtiman, Bulgaria with a focus on the termination of the employment contracts of some 100 employees. The work included preliminary advice and analysis and drafting […]


BOYANOV & Co. Advises EBRD on Two Loans to Societe Generale Expressbank AD and Sogelease Bulgaria

BOYANOV & Co. advises EBRD on two loans to SOCIÉTÉ GÉNÉRALE EXPRESSBANK AD (SocGen’s local banking subsidiary) and a SocGen local leasing company (Sogelease Bulgaria) of a total loan value of EUR 85 million.     Copyright picture:


BOYANOV & Co. Advised Credit Suisse Securities (USA) LLC

BOYANOV & Co. advised Credit Suisse Securities (USA) LLC as a representative of the initial purchasers of USD 400 million global senior secured notes (a Rule 144A offering) issued by Contour Global Power Holding S.A., Luxembourg as issuer. The underlying material subsidiary in Bulgaria was ContourGlobal Maritsa East 3 AD – one of the three […]


BOYANOV & Co. Advised The Bancorp on the Acquisition of the Assets of Transact Network Limited (Gibraltar)

BOYANOV & Co. advised the Bancorp on all aspects of the transfer of the valuable assets and employees of the subsidiary of Transact Network Limited (Gibraltar) in Bulgaria, as a part of the global purchase of the assets and business of Transact Network Limited by The Bancorp at a price of around USD 1,100,000. Work […]