News & Deals


Defense of German Food Retailer under Articles 81 and 82 of the EC Treaty

In a landmark case involving allegations by suppliers under Articles 81 and 82 of the EC Treaty against all major retail chains in Bulgaria, Borislav Boyanov & Co. has been engaged in defense of a major German-owned retail chain against alleged prohibited clauses in vertical agreements and allegations of abuse of dominance. The case represents a […]


Representing Bavaria on BayernLB Nationalization

Borislav Boyanov & Co. represented the Free State of Bavaria, a federal state of Germany, in respect of obtaining Bulgarian merger clearance for its acquisition of sole control of BayernLB. The firm also obtained regulatory clearance for the operation, in connection with the indirect acquisition of a significant shareholding in BayernLB’s local indirect banking and […]


Successful Defense in Alleged Pharmaceutical Sector Boycott Case

Borislav Boyanov & Co. successfully defended a client in the pharmaceutical sector against an allegation of a boycott-type cartel. The case was brought by a local pharmaceuticals distributor against five international pharmaceutical companies and the Association of Research-Based Pharmaceutical Producers in Bulgaria (ARPharM). The case was dismissed following a positive decision by the Commission on […]


Sony/Optiarc Acquisition Clearance

Borislav Boyanov & Co. represented Sony Corporation in obtaining a local merger clearance for the acquisition of sole control over the Sony NEC Optiarc joint venture.   Copyright picture: SONY


10% of Annual Turnover is the Price to Pay for Entering into Prohibited Agreements and Abusing Dominance

Many managers in Bulgaria still wonder: ”What is wrong with discussing the price of your product or the cost of your raw materials with your competitors?”. The new Bulgarian Protection of Competition Act provides a clear and stark answer – it could cost your company 10% of its annual turnover.   Copyright picture:


Stiff Penalties for Failing to Notify a Merger to the Bulgarian Competition Authority

The new Protection of Competition Act levies penalties equal to 10% of the annual turnover for companies who have missed notifying the relevant authorities about a merger or an acquisition.     Copyright picture:


New Sanctions Put Unfair Competition and Misleading and Comparative Advertising at the Top of Corporate Compliance List

How much does a marketing campaign cost? That may have been an easy question until recently, but with the new Protection of Competition Act, the answer may be that it will cost 10% of the company’s annual turnover.     Copyright picture:


The New Bulgarian Protection of Competition Act

This brief note is addressed to lawyers and lists the main developments occasioned by the adoption of an entirely new Protection of Competition Act in Bulgaria.     Copyright picture:


A Practitioner’s Guide to Takeovers And Mergers in the European Union

The Bulgarian Chapter of the A Practitioner’s Guide to Takeovers And Mergers in the European Union edition of City&Financial Publishing.


Representation for Fiat in Zastava Merger

Borislav Boyanov & Co. represented Fiat in obtaining Bulgarian merger clearance of its acquisition of the passenger vehicle manufacturer Zastava.     Copyright picture: Fiat


GE’s Acquisition of Kelman, Vital Signs, AMS

Acting for General Electric, Borislav Boyanov & Co. obtained merger clearance for GE’s acquisitions of Kelman Limited, Vital Signs, and AMS.     Copyright picture: General Electric


Pay-TV Merger Cleared Unconditionally Following Phase 2 Proceeding

Following a Phase 2 Proceeding, Borislav Boyanov & Co. obtained unconditional merger clearance in a landmark case concerning the two largest Pay TV operators in Bulgaria – Eurocom and CableTel – by Warburg Pincus. The case involved complex market analysis and collection of significant evidence. It proved that the transaction would not result in the […]


Mechel Completes Acquisition of a Co-gen Power Plant and District Heating Utility

Mechel International Holdings AG successfully completed the acquisition of controlling interest in a local power plant and district heating utility. Borislav Boyanov & Co. advised Mechel in relation to the acquisition, including the associated merger clearance and various related energy regulatory issues.     Copyright picture:


Merger Clearance in Wind Power Merger

Borislav Boyanov & Co. successfully obtained clearance for ENEL’s acquisition of several companies dealing with renewable energy generation.   Copyright picture: ENEL


Borislav Boyanov & Co. Represents DEGI in Merger Clearance for Commercial Property Acquisition

  Borislav Boyanov & Co. represented DEGI in the merger clearance procedure related to DEGI’s proposed acquisition of Mall of Sofia.   Copyright picture: Mall of Sofia


Firm Acts for HVB Capital Partners in Connection with Comtrade Acquisition

Borislav Boyanov & Co. successfully obtained merger clearance for HVB Capital Partners’ acquisition of Comtrade, and its local subsidiary in Bulgaria NT CHS.     Copyright picture: HVB


Practical Guide to National Competition – Bulgaria

The Bulgarian Chapter in the A Practical Guide to National Competition Rules Across Europe Second Edition, International Competition Law Series, Kluwer Law International


Leading Bulgarian Industrial Batteries Manufacturer Energia AD Acquired by EnerSys (NYSE: ENS)

Borislav Boyanov & Co. advised EnerSys (NYSE: ENS), the world’s largest manufacturer, marketer, and distributor of industrial batteries on all legal aspects of the acquisition of majority stake of the capital of Energia AD, Targovishte – the leading Bulgarian manufacturer of industrial batteries. The acquisition was completed on the floor of the Bulgarian Stock Exchange […]


Borislav Boyanov & Co. Acted on the Bulgarian Merger Control Aspects of the Acquisition of Wolff Walsrode

Borislav Boyanov & Co. advised Dow Chemical Co. on the Bulgarian merger control aspects of their acquisition of Wolff Walsrode. Dow Chemical is a worldwide producer of plastics and cellulose-based chemical products. Wolff Walsrode produces various chemical and synthetic products. The Bulgarian competition authority – the Commission for the Protection of Competition gave unconditional clearance for […]


Borislav Boyanov & Co. Obtains Local Merger Clearance for the Acquisition of Dow Jones by News Corporation

The Commission for Protection of Competition (CPC) gave its clearance to News Corporation to obtain sole control over Dow Jones. Borislav Boyanov & Co. represented News Corporation during the merger clearance process. According to the press statement of the CPC Dow Jones presence on the Bulgarian market is de minimis; therefore, the concentration will not […]