Dispute resolution:

• Legal representation of an official distributor of a vehicle brand in Bulgaria regarding the appeal of the termination of the procedure of public procurement for the purchase of vehicles which procedure started by the Directorate “Border Police” with the Ministry of Internal Affairs.
• Analysis of the legal opportunity and the eventual outcome of cross-border litigation concerning supply of medical products.
• Legal representation of a bank in a litigation procedure formed under account holder’s claim for damages arising from transfers executed by a proxy, which the account holder alleges were carried out without proper authorization i.e. based on false power of attorney.
• Legal representation of a supermarket chain in a claim for damages resulting from the performance and/or non-performance of certain work by a person who has been commissioned to perform it.
• Legal representation of a public figure in court proceedings formed under a claim for personal tort arising out of public speech performed by our client which speech was considered defamation and insult by the claimant.
• Legal representation of insurance broker in the process of termination of contracts for insurance brokerage, set-off of pecuniary claims and preparation of agreements between the parties for settling the obligations in regard of avoidance of legal proceedings.
• Legal representation of insurance broker in the process of termination of contracts for technical support of the business activity of an insurance broker, set-off of pecuniary claims and preparation of agreements between the parties for settling the obligations, including over IP rights of the provided technical support and software, in regard of avoidance of legal proceedings.
• Legal representation regarding the enforcement of foreign court decision for damages arising of infringement of IP rights of cosmetic brands and products.
• Legal representation of a bottling company regarding challenging an act issued by the Basin Directorate, which imposes restrictions on the daily volume of water that a bottling company is permitted to use as far as the act constituting an unlawful modification of an existing Water Use Permit.
• Legal representation of a construction company in a court proceeding formed under insolvency motion deposited by a sub-contractor claiming to have performed construction work which has not been paid as in fact the work has not been performed and/or has been poorly performed.
• Legal representation of a courier service company regarding challenging an act issued by the national Revenue Agency regarding the taxation of additional annual bonuses paid to the employees of the company.
• Legal representation of a shareholder in a company in a procedure of dismissing him by the other shareholders based on claims for failure to perform his obligations to assist in the company’s business.
• Analysis of the legal opportunity and the eventual outcome of claim either for requesting a property from a co-owner who possesses or holds it without grounds to do so or for requesting the discontinuing of the act without grounds which creates obstacles for the exercising of the ownership rights as far as the co-owner restricts the access by a door which he operates and on the other hand does not state if he is using the premises owned by our client and the lack of access does not let us be assure of the facts on the case – possession, holding or neither of the pointed.

• Analysis of the possible approach of an online marketplace regarding the compliance with the obligations of issue of receipts in regard of the sales carried out by the users of the marketplace.
• Analysis of the implementation of the Global Minimum Tax in Bulgaria in the view of Korean investor’s target to acquire Bulgarian based company.
• Analysis of the possible restructuring of the Bulgarian branch of an European holding in the view of the tax issues regarding the sales and the deliveries.
• Legal assistance to construction company in the structuring the acquisition of SPV owning real estate for residential construction through optimization of the tax effects of the deal though raise of the capital and additional monetary contributions by the shareholders.
• Legal assistance to financial institution in the structuring of the acquisition of a part of commercial enterprise in the view of the tax effects, in particular VAT and corporate tax.
• Legal assistance to online merchant in the acquisition and further merger of a SPV owning a real estate which to be used for a new warehouse base. The deal included also advices on the banking financing of the acquisition and tax optimisations.

• Bulgarian
• English

• Hristian was part of the team advised Synechron, a leading global digital transformation consulting company focused on financial services and technology organizationson the Acquisition of Dreamix Ltd.

• English
• German
• Bulgarian

• Assisted Generali CEE in the acquisition of United Health Insurance Fund Doverie;
• Assisted Villeroy & Boch in relation to obtaining unconditional merger approval for its acquisition of Ideal Standard Group;
• Supported Teak Capital and Tangor Capital in obtaining a negative merger clearance for its acquisition of sole control over Vetrerie Riunite;
• Advises WD-40 Company in relation to the enforcement of their IP rights against manufacturers and importers of infringing goods in Bulgaria;
• Provides strategic advice and assists Philip Morris in anticounterfeiting matters and criminal enforcement proceedings;
• Represents Hilti Corporation in relation to customs seizures of goods infringing the client's trademarks and designs and related enforcement proceeding against the importers.

• Bulgarian
• English
• Spanish

• Assisted Generali CEE in the acquisition of United Health Insurance Fund Doverie;
• Assisted Certis Belchim, which is part of Mitsui AgriScience, in obtaining a merger clearance with regard to several transactions related to its partnership with Redestos (Greece);
• Assisted Romanian parcel delivery group Sameday in obtaining a merger clearance with regard to acquisition of Hungarian logistics company Furgefutar.hu;
• Advised Vallenova LLC on the Acquisition of Recycling Company Integra Plastics JSC;
• Advised Rezolv Energy (Actis Group) on a transaction for the acquisition of the largest to be in Bulgaria PV project with a capacity of more than 200 MW;
• Assisted valantic GmbH on the acquisition of AIOPS Group AD and its subsidiaries in several other jurisdictions;
• Assisted Eurobank (Bulgaria) AD in relation to the preparation of the closing of the acquisition of the business of BNP Paribas Personal Finance – Bulgarian branch;
• Supported Teak Capital and Tangor Capital in obtaining a negative merger clearance for its acquisition of sole control over Vetrerie Riunite;
• Assisted Sika in the acquisition of MBCC Group, active in the field of construction systems and admixture systems;
• Assisted Hyprop Investments Limited to acquire sole control of AP Retail, the owner of The Mall - one of the largest shopping centers in Bulgaria;

• Bulgarian
• English

• Assisting all employment activities of Wizz Air in Bulgaria – drafting of employment documents, hirings and dismissal, disciplinary matters, employment and administrative litigations, data protection and whistleblowing matter, audits by various governmental authorities, etc.
• Advised Procter & Gamble on multiple occasions with regards to corporate changes, new products, advertisement, commercial communications and consumer protection.
• Advised FLIP on the launch and full operation of their e-commerce in Bulgaria.
• Advised SAMEDAY on the launch and operation of their postal operator business in Bulgaria and assisting in all matters regarding licensing and regulatory matters, including drafting, implementation and regulatory approval of several sets of T&Cs for their business model.
• Advised eMAG courier on the launch and operation of their postal operator business in Bulgaria and assisting in all matters regarding licensing and regulatory matters.
• Advised one of the world’s largest express transportation companies on the implementation of their new terms and conditions for courier services and for transport services provided on the territory of Bulgaria, and assisting in all of their day-to-day operations, including change of tariffs, consumer protection matters, etc.
• Advised NOTE AB (publ) on the acquisition of modern electronics plant in Bulgaria
• Participating in key litigation proceedings on a variety of matters concerning the business activities of Ideal Standard – Vidima in Bulgaria
• Advising Innovation Norway (Innovasjon Norge) in Bulgaria on a variety of corporate matters.
• Advising a wide portfolio of clients, including Electrolux Lehel Kft. (AEG), Whirlpool Bulgaria, Procter & Gamble, Inditex, etc. on different consumer protection matters with regards to warranties and advertisement.
• Advising AbbVie on their agency contracts and other corporate and competition matters in Bulgaria.

• English
• French
• Russian
• Bulgarian

M&A deals

• Part of the team advising the buy-side in the purchase of the authorized Maserati importer and the authorized Ferrari authorized service and pre-owned dealer in Bulgaria;
• Part of the team advising the buy-side in the acquisition of software engineering and digital product/application development company Dreamix by Synechron, Inc., a leading global digital transformation consulting company;
• Part of the team advising the buy-side - Nippon Express Holdings, Inc., the renowned Japan-based logistics company in the acquisition of Cargo-Partner subsidiaries in Central and Eastern Europe;
• Part of the team advising the buy-side in the acquisition of the authorized Mazda importer in Bulgaria;
• Part of the team advising the buy-side in the acquisition of the Bulgarian operator of AVIS and Budget rent-a-car business in Bulgaria;
• Part of the team advising EnerSys Holdings in their divestment of Bulgarian assets and operations in Targovishte, Bulgaria.

TMT advice

• Providing day-to-day advice and legal assistance to GTT Bulgaria EOOD, the Bulgarian subsidiary of the multinational telecommunications and internet service provider company GTT Communications, Inc., on the applicability of the local telecom regulations regarding its obligations as provider of electronic communications networks and services;
• Part of the team advised EXA Infrastructure on local telecom regulatory compliance matters in relation to its joint venture with Trans Adriatic Pipeline AG for building a new fibre route connecting France with Turkey in a major expansion of EXA Infrastructure’s European network.
• Part of the team assisted Vonage B.V. in registering as provider of electronic communications services in Bulgaria and in carrying out its reporting obligations under Bulgarian telecom laws.
• Part of the team providing Motorola Solutions Germany GmbH ongoing legal advice on the applicability of the local telecom regulations regarding its WAVE on Cloud service, assisting in registering as provider of electronic communications services in Bulgaria, and in carrying out their reporting obligations under Bulgarian telecom laws.

• Bulgarian
• English

• Advising Wizz Air on daily employment matters as well as representing client in multiple employment litigation cases and before enforcement authorities under compliance audits.
• Advising Ideal Standard Vidima on employment disputes and day-to-day employment matters.
• Represented Hamberger Bulgaria in court proceedings involving a claim for compensation related to injuries and damages sustained by an employee as a result of an occupational accident.
• Representing Oyster HR Bulgaria under a highly contentious case for awarding compensation for the unlawful retention of a former employee’s labor book.
• Advising PLDA/ Rambus on the implementation of a ESPP in Bulgaria.
• Participating in a Geothermal Legal framework assessment involving the Ministry of Energy.
• Providing legal advice to clients under workplace harassment or unfair treatment claims and representing clients before the Commission for Protection against Discrimination.

• English
• German

• Generali CEE Holding in relation to the acquisition of Doverie Health insurance Company;
• Rezolv Energy on the acquisition of the project company holding the license to build and operate a 229 MW solar plant - the largest PV project in Bulgaria to date. Once completed and put into operation the PV plant will produce 1/6 of the current solar energy in Bulgaria.
• valantic GmbH on the acquisition of AIOPSGroupAD and its subsidiaries in several other jurisdictions;
• Linden Capital Partners and its subsidiary BioIVT on the acquisition of Fidelis Research AD and its subsidiaries in 4 other SE Europe jurisdictions;
• NN – on the sale of its life insurance and pension insurance businesses in Bulgaria – simultaneous sale of the going concern of a foreign insurer’s branch and of a licensed Bulgarian pension insurance company.
• Mondelez on the Bulgarian aspects of the $2 billion acquisition of the Greek group Chipita and on its post-closing integration within the existing Mondelez structures.
• Mondelez on the Bulgarian aspects of its global JV with Dow Egberts in the coffee business. Previously advised Mondelez on several reorganizations of its business structures in Bulgaria, the acquisition of the largest confectionary factory and the largest coffee factory etc.
• Eurobank (Bulgaria) AD in relation to the regulatory permits for the closing of the acquisition of the business of BNP Paribas Personal Finance – Bulgarian branch;
• United Bulgarian Bank Asset Management AM on the first transborder merger of Bulgarian asset management company into a foreign AM company (KBC AM) and the subsequent registration of a branch of KBC AM in Bulgaria;
• Piraeus Bank SA, Greece on the sale of its subsidiary – Piraeus Bank Bulgaria AD to Eurobank Bulgaria AD.
• Piraeus Bank Bulgaria AD on the demerger of Piraeus Real Estates - simultaneous demerger of almost 2000 real estates and other assets and liabilities.
• Eurobank Bulgaria on the merger and integration of the acquired Piraeus Bank Bulgaria AD.
• Sopharma JSC (the largest Bulgarian pharma company) on the acquisition of a large portfolio of prescription an non-prescription drugs in several CIS countries;
• NIS JSC (the largest oil-refinery in Serbia) and NIS Petrol EOOD – on the setting up of their network of gas stations network in Bulgaria and on the acquisition of companies owning gas stations or gas stations;
• Hystead on the acquisition of The Mall – one of the largest shopping centres in Bulgaria.
• National Bank of Greece on the sale of its Bulgarian subsidiary – United Bulgarian Bank – the largest transaction in the Bulgarian financial sector at that time.
• Eurobank Bulgaria on the acquisition of the Bulgarian operations of Alpha Bank – Greece.
• Credit Agricole on the transfer of 100%of the capital of its Bulgarian subsidiary.
• Credit Agricole in relation to the insolvency of a leading Bulgarian banking institution.
• GlobalFoundries on the acquisition of the PDK engineering team of Smartcom Bulgaria AD.
• eMag (the largest online merchant and trade platform on the Balkans) on the restructuring and reorganization of its business in Romania and Bulgaria.
• NOTE AB (publ) in relation to the acquisition of ATM Electronics, a producer of electronic components.
• Yara International on the acquisition and several years later on the sale of its smart agriculture business operations in Bulgaria and Romania.
• Mohawk on the acquisition of majority shareholding in KAI, the largest Bulgarian producer of tiles.

• Bulgarian
• English
• French
• Russian

Financing deals:

•  Advised a Syndicate of Banks: Assisted UniCredit Bulbank, United Bulgarian Bank, Eurobank Bulgaria, and Raiffeisen Bank International on financing the construction and operation of a 160MW photovoltaic power plant in the Maglizh Municipality, Bulgaria, as well as subsequently on the financing of an additional battery energy storage system (BESS) to it
• Advised J.P. Morgan and Lenders: Provided counsel to a syndicate of major international and local banks on financing a subsidiary of Eurohold Bulgaria for the acquisition of CEZ’s electricity distribution business in Bulgaria, including subsequent refinancing and facility increase
• Advised DSK Bank: Advised on the financing of the construction of the 123MW Verilla PV power plant near Dupnitsa, Bulgaria, as well as on its extension to 150 MW and subsequently adding a BESS to it
• Advised OTP Bank Plc (Hungary) and DSK Bank AD (Bulgaria): Assisted in the refinancing of MET Renewables AG (Switzerland) for the acquisition of a 60MW wind park in North East Bulgaria from Eolica Bulgaria
• Advised OTP Bank and DSK Bank: Provided counsel on syndicated financings for the acquisition of a 42MW wind power plant in Bulgaria
• Advising ITower: Assisted in the financing of the construction of the first Marriott Hotel in Sofia by Eurobank o   Advised UniCredit Bulbank and United Bulgarian Bank: Assisted in the financing of Plastchim-T’s acquisition of Manucor S.p.A, Italy
• Advised J.P. Morgan and Wilmington Trust: Advised the Agent and Security Agent in relation to the accession of Alvogen Pharma Trading Europe EOOD as an additional guarantor to loan agreements totalling over €2 billion, financing Zentiva’s acquisition of Alvogen group companies, as well as on subsequent additional financings to the group
• Advised a Syndicate of Banks Led by Česká Spořitelna: Provided guidance on the Bulgarian law aspects of a financing to support KKCG Group and its portfolio company ARICOMA Group International AB in acquiring Musala Soft, a prominent Bulgarian software company, and its subsidiaries, as well as on the subsequent refinancings
• Advising Raiffeisenbank International AG: Provided counsel on the financing of the construction of Sofia Airport Center, a major logistics center near Sofia Airport, and subsequent restructurings of such financing
• Advised Credit Suisse and Morgan Stanley: Advised the initial purchasers of EUR 275 million secured notes issued by Standard Profil Automotive GmbH (Germany), a leading supplier of sealing profiles for automotive manufacturers
• Advised BNP Paribas, Citigroup Global Markets Limited, and J.P. Morgan Securities: Assisted with bonds issued by Energo-Pro a.s. and guaranteed by its local subsidiary, Energo-Pro Varna EAD, the electricity distribution company in Northeast Bulgaria
• Advised Vivacom: Assisted the leading Bulgarian telecommunications business in refinancing EUR 400 million senior secured notes

• Bulgarian
• English

• Providing legal opinions on regulatory issues regarding food labeling as well as legal analysis and risk assessment on consumer protection and competition law issues concerning marketing concepts and promotional activities, providing guidelines for mitigation of potential legal and reputational implications to multinational companies like Ferrero Group.
• Participation in M&A transactions (LDDR and closing) part of which is the emblematic for 2022 acquisition of Fidelis Research (specialized in clinical studies) by the American company BioIVT defined by the market analysts as financially the best sale made by an equity investment fund in Bulgaria).
• Consult large employers such as Ideal Standard Bulgaria and Ideal Standard Vidima to solve employment issues including employee termination, entering into and amendment of labour contracts, labour disciplinary disputes, etc.
• Corporate services such as incorporation of local companies and branches, all kinds of subsequent changes and registrations in the local registries, annual financial closing, company reorganization, etc., including legal assistance to Catholic Relief Services (CRS) to exit from their long term USTOI project (a programme for micro financing of small business in Bulgarian supported by USAID).
• providing a wide range of legal services to Philip Morris Bulgaria being part of the most important transformation of the business of the company from conventional cigarettes to smokeless tobacco products.

• English
• Bulgarian

M&A deals

• Leading the team advising the buy-side in the purchase of the authorized Maserati importer and the authorized Ferrari authorized service and pre-owned dealer in Bulgaria;
• Leading the team advising the buy-side in the acquisition of software engineering and digital product/application development company Dreamix by Synechron, Inc., a leading global digital transformation consulting company;
• Leading the Bulgarian legal team advising the buy-side - Nippon Express Holdings, Inc., the renowned Japan-based logistics company in the acquisition of Cargo-Partner subsidiaries in Central and Eastern Europe;
• Leading the Bulgarian legal team advising Meta in the acquisition of Bulgarian software company;
• Leading the team advising the Bulgarian partner in the first East-European project of Motorworld Group, Germany;
• Leading the team advising the buy-side in the acquisition of the authorized Mazda importer in Bulgaria;
• Leading the team advising the buy-side in the acquisition of the Bulgarian operator of AVIS and Budget rent-a-car business in Bulgaria;
• Leading the team advising EnerSys Holdings in their divestment of Bulgarian assets and operations in Targovishte, Bulgaria. The team provided legal support and assistance to the Bulgarian operations of EnerSys since its entry into the Bulgarian market in the period 2006 – 2007.

TMT advice

• Providing day-to-day advice and legal assistance to Microsoft Bulgaria and its affiliates on contractual, compliance and regulatory matters related to, inter alia, cloud computing, B2B and B2C solutions, commercial issues, personal data protection, etc. We are also providing day-to-day advice and legal assistance on contractual, and employment matters as well as advice on public procurement matters. BOYANOV & Co. is proud to support various industry and social initiatives of Microsoft Bulgaria such as participation as a speaker in various technology conferences and providing pro bono advice to local tech start-ups;
• Providing ongoing regular legal advice to Meta, including on matters related to personal data protection and the usage of various innovative technology;
• BOYANOV & Co. has advised on a number of occasions Volkswagen AG and Audi AG in respect of local telecommunication regulations, data protection, e-privacy, consumer protection and other relevant aspects in relation to innovative digital services offered by them;
• Advised Bytedance on the applicability of the local telecom, personal data protection and cybersecurity regulations regarding content delivery networks;
• Advises the local subsidiary of major multinational telecom company in the procedure for obtaining of license as Electronic Money Institution of its Bulgarian subsidiary;
• Advised the leading local logistics company in the procedure for obtaining of license as Electronic Money Institution, now successfully completed;
• Advised Robinhood on certain local compliance issues;
• Assisted the developer of compliance software and services Cleversoft Group GmbH in relation to conducting due diligence of its local subsidiary cleversoft Bulgaria EOOD in relation to an investment transaction;
• Providing day-to-day advice and legal assistance to GTT Bulgaria EAD, the Bulgarian subsidiary of the multinational telecommunications and internet service provider company GTT Communications, Inc., on the applicability of the local telecom regulations regarding its obligations as provider of electronic communications networks and services;
• Provided advice and assistance to major local insurance company in relation to a serious cyber incident;

• Bulgarian
• English

• Advises clients and assists with various matters regarding setting up business and operating in Bulgaria – establishment of entities, relations with banks, compliance with regulatory requirements, etc.
• Part of the teams on various M&A transactions involving local and international clients – work on due diligence reports, share purchase agreements, financing, securities, closing and post-closing formalities, etc.
• Advises clients and assists with visas, residence permits, work permits and citizenship
• Advises clients and assists with various employment law matters - employment documentation and internal policies, termination of employment, mass dismissals, transfer of employees, etc.
• Advises companies from the pharmaceutical industry on various regulatory and IP issues, including national and EU marketing authorisations for medicinal products, price and reimbursement regulations, conduct of clinical trials, regulatory regimes regarding medical devices, protection of patent rights, etc.

• Bulgarian
• English

• Provided advice to Samsung Electronics on all aspects of its operations in Bulgaria;
• Advised Haedus on the Acquisition of the DIY Business of bauMax in Bulgaria;
• Advised on the Sale of 100% of the Capital of Crédit Agricole Bulgaria EAD;
• Assisted Markan OOD (the leading Bulgarian construction company) to save its assets and receivables from the financial catastrophe that affected its contractual JV partner;
• Advised Schreiber Foods on Acquisition of Danone’s Fresh Dairy Products Manufacturing Business in Bulgaria, Czech Republic, Spain and Portugal;
• Worked for Sumitomo Corporation on the setting up of a JV with one of the major grain trader and distributor of agricultural products;
• Advised The Organic Corporation B.V. on the acquisition of control over Organic Land Corporation EOOD (grains trading company) and the settlement of the disputes with the minority shareholders;
• Advised Lidl on the takeover of Plus;
• Worked for Anheuser Busch InBev on the divestment of its Bulgarian assets;
• Worked for Warburg Pincus for the consolidation of the CaTV market in Bulgaria and on its exit from these investments;
• Advised Credit Suisse on potential EUR 200 million financing of Bulgaria’s Road Infrastructure;
• Advised Egged on lease financing of public transport assets;
• Advised Eutelsat S.A. on contentious matters regarding a public procurement procedure;
• Advised Kapsch EOOD in a public procurement procedure;
• Advised Yara International ASA regarding all legal matters on the sale of separate parts of Yara International ASA’s Bulgarian and Romanian business related to the provision of agricultural software services (namely the software AgroOffice);
• Advised BioIVT on the Successful Acquisition of Fidelis Research;
• Assisted NOTE AB (publ) to Acquire a Modern Electronics Plant in Bulgaria;
• Advised Borealis on the sale of its Indirect Shareholding in Neochim;
• Advised Aurelius Group on the Acquisition of Lufthansa’s Catering Operations in Bulgaria.

• Bulgarian
• English

• Assisted Generali CEE in the acquisition of United Health Insurance Fund Doverie;
• Assisted Certis Belchim, part of Mitsui AgriScience, in obtaining a merger clearance with regard to several transactions related to its partnership with Redestos (Greece);
• Assisted the delivery and logistics group Sameday on the Bulgarian competition clearance procedure of its proposed acquisition of Pactic Group;
• Assisted Navibulgar in obtaining merger approval for their acquisition of a major photoelectric power plant in central Bulgaria (PPP Lovech);
• Assisted Villeroy & Boch in relation to obtaining unconditional merger approval for its acquisition of Ideal Standard Group;
• Supported Teak Capital and Tangor Capital in obtaining a negative merger clearance for its acquisition of sole control over Vetrerie Riunite;
• Supported CVC Capital Partners in obtaining Bulgarian merger clearance for its increased investment (and acquisition of control) in Aleph Group, Inc.
• Assisted Eurobank (Bulgaria) AD in obtaining Bulgarian merger clearance for the acquisition of the business of BNP Paribas Personal Finance – Bulgarian branch;
• Representing Satellite in dispute for damages caused by a former employee and the latter’s own company imitating its ex-employer after both have been sanctioned by the Commission for Protection of the Competition for using the logo of Satellite to steal the business of the client of trading in laminating folio with a South-Corean company;
• Supporting the leading European financial group KBC as its Bulgarian outside counsel in relation to all competition law compliance and antitrust matters.

• Bulgarian
• English
• French

• Advised HelleniQ Renewable Energy (Greece) on the acquisition of 123 MWp solar photovoltaic (PV) project with an option to install a 90 MW/180 MWh battery energy storage system (BESS)
• Advised NewMed Energy Balkan, a subsidiary of the Israeli NewMed Energy, on the acquisition from OMV Offshore Bulgaria of a 50% interest in the oil and gas exploration permit for the 1-21 Khan Asparuh Block, located in the exclusive economic zone of Bulgaria in the deep Black Sea
• Advised Westinghouse in relation to its participation as a technology provider in the project for construction of two new nuclear power units (unit 7 and unit 8) at the site of the existing NPP Kozloduy
• Advised CountourGlobal on the transition of their thermal power plant in Bulgaria to renewable energy projects, including on the financing of a standalone battery electricity storage system (BESS), and a separate hybrid photovoltaic and BESS project
• Advised Rezolv Energy on various regulatory, development and contractual issues related to the development of 200 MW PV project and the adding a large co-located battery storage facility with support from the Bulgarian National Recovery and Resilience Plan
• Advised OTP Bank Plc (Hungary) and DSK Bank AD (Bulgaria) on energy regulatory matters related to the refinancing of MET Renewables AG (Switzerland) for the acquisition of a 60MW wind park in North East Bulgaria from Eolica Bulgaria
• Advised OTP Bank and DSK Bank on energy regulatory matters related to syndicated financings for the acquisition of a 42MW wind power plant in Bulgaria
• Advised DSK Bank on energy regulatory matters related to the financing of the construction of the 123MW Verilla PV power plant near Dupnitsa, Bulgaria, as well as on its extension to 150 MW and subsequently adding a BESS to it
• Advised a Syndicate of Banks UniCredit Bulbank, United Bulgarian Bank, Eurobank Bulgaria, and Raiffeisen Bank International on energy regulatory matters related to the financing the construction and operation of a 160MW photovoltaic power plant in the Maglizh Municipality, Bulgaria, as well as subsequently on the financing of an additional battery energy storage system (BESS) to it
• Advised Heidelberg Materials in the implementation of the project ANRAV-CCUS, an innovative and pioneering stakeholder supported CCUS (carbon capture, utilization and storage) project to realise the first CCUS-cluster in Eastern Europe. The project has been granted EUR 190 million grant from the EU’s Innovation Fund under a Grant Agreement with the responsible EU agency – the European Climate, Infrastructure and Environment Executive Agency
• Advised the Bulgarian government on assignment of the World Bank by preparing Legal, Regulatory and Institutional Review of Bulgaria‘s Geothermal Sector involving thorough analysis of the existing legal and institutional framework for development of geothermal energy projects in Bulgaria, provide a gap analysis against international best practices and prepare proposals for appropriate adjustments and improvement of the existing legal and institutional framework in order to boost investments in the sector
• Advised Sands Digital on the licensing of their live casino operations in Bulgaria
• Advised Evolution on the licensing of their live casino operations in Bulgaria and day-to-day regulatory and compliance issues
• Advised IGT on the obtaining of a local gambling equipment manufacturing license in Bulgaria and day-to-day local product registration, regulatory and compliance issues
• Advised Pokerstars (now Flutter Group) on the licensing of their online poker and casino games operations in Bulgaria and day-to-day regulatory and compliance issues
• Advised Betway on the licensing of their online sports betting and casino games operations in Bulgaria as well as the subsequent withdrawal of their local licenses
• Advised Everbet on the licensing of their online sports betting and casino games operations in Bulgaria and day-to-day regulatory and compliance issues
• Advised bet365 on the licensing of their online sports betting and casino games operations in Bulgaria

• Bulgarian
• English
• Spanish
• Russian

• Аcquisition by Sopharma of a large pharmaceutical product portfolio;
• Acquisition by Black Sea Property PLC of a 98.27% interest in Grand Hotel Varna AD;
• Sale by Deluxe Corporation of its subsidiary Hostopia Bulgaria to HostPapa, Inc., leading global web hosting and cloud service provider for small and medium businesses;
• Acquisition by Addtech of a majority stake in a local battery pack manufacturer;
• The Bulgarian part of Limagrain’s project on business reorganization in Central European countries;
• Sale by NN of its life insurance and pension insurance businesses in Bulgaria to DZI – Life Insurance, part of KBC Group, which transaction involved the first-ever transfer of insurance business of a foreign branch as a going concern in Bulgaria;
• Assistance to UBB AM on the first transborder merger of Bulgarian asset management company into a foreign AM company (KBC AM) and the subsequent registration of a branch of KBC AM;
• Assistance to Eurobank Bulgaria on the merger and integration of the acquired Piraeus Bank Bulgaria AD;
• Assistance to Piraeus Bank SA, Greece on the sale of its subsidiary – Piraeus Bank Bulgaria AD;
• Assistance to Piraeus Bank Bulgaria AD on the demerger of Piraeus Real Estates - simultaneous demerger of almost 2000 real estates and other assets and liabilities;
• Acquisition by Hystead of The Mall – one of the largest retail centres in Bulgaria;
• Acquisition by Eurobank Bulgaria of the Bulgarian operations of Alpha Bank – Greece;
• Acquisition by GlobalFoundries of the PDK engineering team of Smartcom Bulgaria AD.

• Bulgarian
• English
• German

Financing deals

• Advised CountourGlobal on the transition of their thermal power plant in Bulgaria to renewable energy projects, including on the financing of a standalone battery electricity storage system (BESS), and a separate financing of a combined photovoltaic and BESS project
• Advised OTP Bank Plc (Hungary) and DSK Bank AD (Bulgaria): Assisted in the refinancing of MET Renewables AG (Switzerland) for the acquisition of a 60MW wind park in North East Bulgaria from Eolica Bulgaria
• Advised OTP Bank and DSK Bank: Provided counsel on syndicated financings for the acquisition of a 42MW wind power plant in Bulgaria
• Advised DSK Bank: Advised on the financing of the construction of the 123MW Verilla PV power plant near Dupnitsa, Bulgaria, as well as on its extension to 150 MW and subsequently adding a BESS to it
• Advised a Syndicate of Banks: Assisted UniCredit Bulbank, United Bulgarian Bank, Eurobank Bulgaria, and Raiffeisen Bank International on financing the construction and operation of a 160MW photovoltaic power plant in the Maglizh Municipality, Bulgaria, as well as subsequently on the financing of an additional battery energy storage system (BESS) to it
• Advised UniCredit Bulbank and United Bulgarian Bank: Assisted in the financing of Plastchim-T’s acquisition of Manucor S.p.A, Italy
• Advised J.P. Morgan and Lenders: Provided counsel to a syndicate of major international and local banks on financing a subsidiary of Eurohold Bulgaria for the acquisition of CEZ’s electricity distribution business in Bulgaria, including subsequent refinancing and facility increase
• Advised J.P. Morgan and Wilmington Trust: Advised the Agent and Security Agent in relation to the accession of Alvogen Pharma Trading Europe EOOD as an additional guarantor to loan agreements totaling over €2 billion, financing Zentiva’s acquisition of Alvogen group companies, as well as on subsequent additional financings to the group
• Advised a Syndicate of Banks Led by Česká Spořitelna: Provided guidance on the Bulgarian law aspects of a financing to support KKCG Group and its portfolio company ARICOMA Group International AB in acquiring Musala Soft, a prominent Bulgarian software company, and its subsidiaries, as well as on the subsequent refinancings
• Advised Eurobank S.A. and Alpha Bank S.A.: Assisted with the Bulgarian law aspects of financing Tyrbul, the Bulgarian subsidiary of Hellenic Dairies S.A., in acquiring United Milk Company, a leading Bulgarian dairy producing and marketing various milk products under multiple brand names
• Advised Eurobank S.A. Group: Assisted in the financing of two shopping centers in Bulgaria - Mall Galleria Burgas and Mall Galleria Stara Zagora
• Advising Raiffeisenbank International AG: Provided counsel on the financing of the construction of Sofia Airport Center, a major logistics center near Sofia Airport, and subsequent restructurings of such financing
• Advising ITower: Assisted in the financing of the construction of the first Marriott Hotel in Sofia by Eurobank and Black Sea Trade and Development Bank
• Advising Eurobank Bulgaria, Eurobank Greece and Eurobank Luxembourg: Advised the lenders on the refinancing of the above facility for ITower, as well as on subsequent hedging of the loan
• Advised Barclays Bank and HSBC: Assisted with a loan for a shopping mall in Bulgaria and subsequently on its refinancing by a new lender
• Advised Sofia South Ring Mall EAD: Provided counsel to the borrower, owned by Greek companies Fourlis Group and Danaos Corporation (local franchisees of IKEA), on the financing of the development of Sofia South Ring Mall, one of the largest malls in Sofia
• Advised Eurobank Bulgaria, Eurobank Greece and Eurobank Luxembourg: Advised the lenders on the refinancing of the above facility for Sofia South Ring Mall, as well as subsequently on the hedging of such loan
• Advised Credit Suisse and Morgan Stanley: Advised the initial purchasers of EUR 275 million secured notes issued by Standard Profil Automotive GmbH (Germany), a leading supplier of sealing profiles for automotive manufacturers
• Advised the Lead Manager: Provided counsel on a bond issue by Energo-Pro Varna, a holding company of several large energy companies in Bulgaria, including the electricity distribution company in Northeast Bulgaria
• Advised BNP Paribas, Citigroup Global Markets Limited, and J.P. Morgan Securities: Assisted with notes issued by Energo-Pro a.s. and guaranteed by its local subsidiary, Energo-Pro Varna EAD, the electricity distribution company in Northeast Bulgaria
• Advised Citigroup Global Markets Limited: Advised the underwriter of notes issued by Glasstank B.V., a Dutch SPV of the Yioula Group, a leading producer of glass containers for the food and beverage industries in the Balkan region, with main production subsidiaries in Bulgaria and Romania
• Advised Vivacom: Assisted the leading Bulgarian telecommunications business in refinancing EUR 400 million senior secured notes
• Advised Credit Suisse Securities (USA) LLC: Advised the 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., with an underlying material subsidiary in Bulgaria, Contour Global Maritsa East 3 AD, one of the three largest thermal power plants in Bulgaria
• Advised EIB on a EUR 30 million financing of Boni Holding (a Bulgarian leader in the production of pork meat products)
• Advised Citibank on a funded copper metal collar financing of Asarel-Medet, the biggest Bulgarian company for open pit mining and processing of copper and other precious metals
• Advised on $300m Guaranteed Notes issued by Energo-Pro a.s. and guaranteed by, amongst others, its Bulgarian Subsidiary Energo-Pro Varna EAD, and issued a legal opinion on Bulgarian law aspects of the transaction.

M&A deals

• the sale of a special purpose vehicle owning real estates owned by a major bank in Bulgaria
• the sale of one of the largest telecom operators in Albania (One Telecom) to 4iG
• advising a large bank on the sale of a real estate SPV
• a PE fund on an acquisition of a shopping mall in Bulgaria
• on an attempted sale of a hotel in Bulgaria (through a share deal)
• Link Mobility (Norway) on the acquisition of a B2B messaging business in three jurisdictions from Alterco (Bulgaria)
• on the acquisition of one of the largest telecom operators in Albania (Telecom Albania, now One Telecom) from Cosmote Mobile Telecommunications S.A. (itself a subsidiary of Deutsche Telekom)
• on the acquisition of the largest Bulgarian telecom company (Bulgarian Telecommunications Company (BTC) aka as Vivacom)

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