News & Deals

vat-tax-cases-for-a-major-commodities-trading-company

VAT Tax Cases for a Major Commodities Trading Company

Borislav Boyanov & Co.’s litigation team represented a major international commodities trading house, in a VAT litigation relating to its purchasing and export of grains from Bulgaria. The total interest defended was over BGN 700,000. On judicial review the Supreme Administrative Court annulled the tax assessments issued against the client, and ruled that the Bulgarian company had the right to VAT […]

landmark-judgment-for-the-pharma-industry-delivered-by-the-supreme-administrative-court

Landmark Judgment for the Pharma Industry Delivered by the Supreme Administrative Court

Borislav Boyanov & Co., represented the Association of the Researched-based Pharmaceutical Manufacturers (ARPharM), the Association of the American Pharmaceutical Companies at the American Chamber of Commerce in Bulgaria and the Bulgarian Association for Protection of Patients in a claim with Sofia City Court against a decision of the Management Board of the National Health Insurance […]

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Boyanov & Co. Advises TNK-BP on Burgas-Alexandroupolis Oil Pipeline

Borislav Boyanov & Co. has been advising TNK-BP and other major multinational oil companies supporting the implementation of the long-discussed Burgas – Alexandroupolis transit oil pipeline project. The more than 1 billion USD project has been discussed since 1993 and is now gaining impetus. Borislav Boyanov & Co. has provided advice for companies supporting the […]

borislav-boyanov-co-advised-enel-in-respect-of-its-acquiring-full-control-of-maritsa-east-3-power-plant

Borislav Boyanov & Co. Advised Enel in Respect of its Acquiring Full Control of Maritsa East 3 Power Plant

The firm advised Enel Produzione SA in 2003 on its participation as main sponsor together with the Entergy, USA in a €580 million project finance transaction involving the privatisation and modernisation of one of the biggest thermal power stations in Bulgaria (Maritsa East 3 Project). In a subsequent transaction Enel acquired the stake held by Entergy in the […]

borislav-boyanov-co-advises-major-us-nuclear-technologies-provider-on-the-belene-nuclear-power-plant-project

Borislav Boyanov & Co. Advises Major US Nuclear Technologies Provider on the Belene Nuclear Power Plant Project

As part of the biggest investment initiative yet in Bulgaria’s energy sector (estimated value of around Euro 2 billion), the firm’s services were retained by a major US based energy solutions provider in connection with its potential participation in the construction of the Belene nuclear power plant. The Belene nuclear power plant is a brownfield project […]

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Property Team Advises DC Management on Real Estate Acquisitions

Borislav Boyanov & Co. has advised and assisted DC Management (formerly known as the Black Sea Property Fund) for the financing and acquisition of a number of hotel and residential complexes located at the Black Sea coast and in the capital of the country based on sophisticated schemes.     Copyright picture: pixabay.com

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Boyanov & Co. to Advise the Bulgarian Ministry of Transport

In February 2006, the UK law firm Addleshaw Goddard and Borislav Boyanov & Co. were appointed to advise the Bulgarian Ministry of Transport on the current disputes between the Ministry and the Austrian construction company Strabag with respect to the construction of the new terminal of the Sofia Airport.     Copyright picture: pixabay.com

ebrd-finances-major-resort-development

EBRD Finances Major Resort Development

Borislav Boyanov & Co. in co-operation with the London office of Bird & Bird advised the European bank for Reconstruction and Development on its financing provided to a major developer of hospitality real estate on the Bulgarian Black Sea Coast – for construction and opening of Kempinski Grand Hotel Hermitage in the resort Golden Sands […]

borislav-boyanov-co-acts-for-financing-parties-on-eur-875-million-syndicated-loan-facilities-to-bulgaria-telecom-and-its-parent

Borislav Boyanov & Co. Acts for Financing Parties on EUR 875 Million Syndicated Loan Facilities to Bulgaria Telecom and its Parent

Borislav Boyanov & Co. acted as Bulgarian special counsel to a syndicate of international banks and other financial institutions led by Citigroup and Landsbanki providing finance to Viva Ventures Holding GmbH, Austria, the holding company of the Bulgarian Telecommunications Company (the incumbent fixed line telecommunications operator in Bulgaria), in the amount of EUR 525 million […]

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News Corporation Acquires Local Radio Group

News Corporation, acting through its local subsidiary Balkan News Corporation, acquired a controlling interest in Radiocompany CJ, which operates or advises a number of radio stations in Bulgaria, including N-Joy, Z-Rock, Melody, Jazz FM and others. The acquisition extends the existing foothold of News in other media markets (most notably free-to-air television through bTV the first national private FTA […]

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Emmis Acquires Controlling Interest in the FM+ Radio Group

The U.S. media company Emmis Communications Corporation acquired a 66.5% stake in the local radio group FM+. In addition to the direct shareholding participation in FM+, Emmis also acquired indirect participation in Fresh! radio station. The transaction has been approved by the Bulgarian regulatory authorities. This is a pioneering investment of Emmis in Bulgaria.   […]

wing-equity-an-austrian-private-equity-investor-acquires-devin-ad

Wing Equity, an Austrian Private Equity Investor, Acquires Devin AD

The partnership advised Wing Equity, an Austrian private equity fund in acquiring Devin, a local group, being among the  market leaders in bottled mineral water. Borislav Boyanov & Co. was responsible for the legal due diligence of the target companies, the structuring of the transaction and its financing, drafting of the transaction and financing documents and obtaining of […]

borislav-boyanov-co-advises-in-eur-350-million-eurobonds-issue

Borislav Boyanov & Co. advises in EUR 350 million Eurobonds Issue

Borislav Boyanov & Co. advised Global Steel Holdings Limited, its fully owned Bulgarian subsidiary – Finmetals Holding EAD, and Kremikovtzi AD (the largest steel mill in Bulgaria controlled by Finmetals Holdings EAD) on the financing of Kremikovtzi AD by way of a €350 million 7-years fixed rate Eurobonds issue. The issue was placed successfully on 4 May 2006. On […]

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Borislav Boyanov & Co. Advised GSHL, an Ispat Group company, on the acquisition of 71% of Kremikovtzi AD

  Global Steel Holdings Limited (“GSHL”), a part of the Indian Ispat Group, one of the leading global integrated steel makers, completed the acquisition of Kremikovtzi AD, the largest steel maker in Bulgaria. GSHL has operations in six countries worldwide with total steel-making capacity of 14 million tones. The total investment for the acquisition combined […]

borislav-boyanov-co-advises-cosmote-on-bulgarian-merger-clearance-for-the-acquisition-of-germanos

Borislav Boyanov & Co. Advises CosmOTE on Bulgarian Merger Clearance for the Acquisition of Germanos

The firm succesfully obtained merger clearance for CosmOTE of its proposed acquisition of control over Greek electronics distirbutor Germanos. In Bulgaria CosmOTE owns  Cosmo Bulgaria Mobile EAD (Globul),  the second-largest mobile phone operator. Germanos operates in Bulgaria one of the largest chains of retail outlets for mobile handsets and other electronics. Borislav Boyanov & Co.’s team was […]

licensing-and-incorporation-of-two-bancassurance-joint-ventures

Licensing and Incorporation of Two Bancassurance Joint Ventures

The firm successfully completed the licensing and setting up of two local companies, active in life and general insurance under a bancassurance model. The two companies are jointly owned by subsidiaries of AIG and the National Bank of Greece. In addition to licensing, the project involved obtaining a merger clearance from the Bulgarian Commission on […]

banking-merger-creates-largest-bank-in-bulgaria

Banking Merger Creates Largest Bank in Bulgaria

Borislav Boyanov & Co. advised and assisted UniCredito Italiano on all regulatory and corporate aspects of the merger of its three local banks Bulbank, Biochim Bank and Hebros Bank. The firm’s time was instrumental in bringing about the combination, following a complex and multifaceted process spanning for more than a year. The merger resulted in […]

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Wizz Air Enter the Bulgarian Market

Borislav Boyanov & Co. advised the leading Central and Eastern European low cost airline Wizz Air on the commencement of its operations in the country via its Hungarian subsidiary Wizz Air Hungary Kft. and on the incorporation of the first low cost air carrier in Bulgaria – Wizz Air Bulgaria Airlines. The firm assisted Wizz Air in its […]