Hosted by Penkov, Markov & Partners, nine lawyers from Bulgaria – six working in-house and three in private practice – sat down for a round table conversation to discuss the EU Whistleblowing Directive and how it will impact companies in the country.
Round Six: The European Union Ban on Russian Energy Imports
The sixth package of European Union sanctions imposed on Russia is a widely discussed topic, yet the overall levels of preparedness to adopt the associated energy import ban varies from one country to another. Indeed, with Russian oil and gas exports being such a dominant source of energy for a number of European countries, it remains to be seen how all of them adapt to the change. To gain insight into how certain EU member states and non-EU countries are (likely) to fare in the immediate wake of the ban, we reached out to legal professionals from Turkey, Poland, Bulgaria, the Czech Republic, and Moldova.
Bulgaria: Energy and Infrastructure Attract Investor Attention
A combination of policy support for and decreasing investment costs in renewables, the nuclear energy revival, and major nearby discoveries of natural gas in the Black Sea leads to the unprecedented interest of investors in Bulgaria.
Boyanov & Co and Wolf Theiss Advise on Sale of Yara Bulgaria and Yara Digital Romania to Nik Group
Boyanov & Co has advised Yara International on the sale of Bulgarian and Romanian businesses Yara Bulgaria and Yara Digital Romania to the Nik Group. Wolf Theiss advised the buyer.
Schoenherr Advises Alfa Laval on Scanjet Acquisition
Schoenherr, working with Mannheimer Swartling, has advised Alfa Laval Corporate on its acquisition of Scanjet Systems.
PPG Lawyers Successful for Copa in Unfair Competition Dispute in Bulgaria
PPG Lawyers has successfully represented Copa Isi Sistemleri San. ve Tic. in unfair competition proceedings before the Bulgarian Competition Protection Commission and the Supreme Administrative Court of Bulgaria.
Gugushev & Partners, DGKV, and Spasov & Bratanov Advise on Helios Energy Invest’s Acquisition of Helios Projects
Gugushev & Partners has advised Helios Energy Invest on its EUR 65 million acquisition of Helios Projects from H1 Venture Swiss Holding. Djingov Gouginski Kyutchukov & Velichkov advised the seller. Spasov & Bratanov advised China Development Bank as the project finance lender.
Closing: Mondelez International's Acquisition of Chipita Now Closed
On August 25, 2022, Boyanov & Co announced that Mondelez International's acquisition of Chipita S.A. (reported by CEE Legal Matters on June 1, 2021) had closed.
Schoenherr Advises KKCG and Aricoma Group International on Acquisition of Musala Soft
Schoenherr has advised the KKCG Group and its portfolio company Aricoma Group International on the acquisition of Bulgarian software company Musala Soft and its subsidiaries. CMS reportedly advised the sellers.
Tokushev & Partners Advises Sofia Commerce Pawn Shops on Capital Increase
Tokushev & Partners has advised public listed company Sofia Commerce Pawn Shops on increasing its capital with own funds in the amount of BGN 7.12 million.
CMS Successful for Shell Energy Europe in Obtaining Gas Trader License for Bulgaria
CMS has successfully advised Shell Energy Europe on obtaining a license for trading natural gas in Bulgaria.
DGKV Advises Bulgarian Bank Syndicate on Financing for Maxcom, Chipolino, and Maxbike
Djingov Gouginski Kyutchukov & Velichkov has advised Unicredit Bulbank, DSK Bank, and United Bulgarian Bank on their approximately EUR 160 million financing for Maxcom, Chipolino, and Maxbike.
Bulgaria: ESG? What Is That?
This seems like a relevant question in Bulgaria in the summer of 2022. While the chatter has been intensifying lately, it has been mostly taking place in specialized business-oriented media and, by far, not as much in any mainstream source of information for the general public.
Bulgarian Lawyers Catch A Break: A Buzz Interview with Dafinka Stoycheva of Gugushev & Partners
Several legislative updates will support the legal profession in Bulgaria, according to Gugushev & Partners Partner Dafinka Stoycheva, with the push toward green energy, (another) pending government change, and a landmark CJEU decision also at the top of the agenda for lawyers in the country.
Tokushev and Partners Advises on Bee Smart Technologies’ IPO
Tokushev and Partners has advised on Bee Smart Technologies' initial public offering of shares on the Beam growth market of the Bulgarian Stock Exchange. The First Financial Brokerage House acted as lead broker on the deal.
Closing: KBC Bank’s Acquisition of Raiffeisenbank in Bulgaria Now Closed
On July 11, 2022, Kinstellar announced that KBC Bank’s acquisition of Raiffeisenbank in Bulgaria (reported by CEE Legal Matters on November 25, 2021) had closed.
Komarevski Dimitrov & Partners Advises Kone on Acquisition of Liftkom
Komarevski Dimitrov & Partners has advised the Bulgarian subsidiary of the Kone Corporation on its acquisition of Liftkom Service.
DGKV Advises Maple Bear on EUR 100 Million Partnership with Vantage Capital
Djingov Gouginski Kyutchukov & Velichkov has advised Maple Bear on its EUR 100 million investment program for the CEE region through a partnership with Vantage Capital. MFW Fialek advised Vantage Capital on the partnership. Boyanov & Co reportedly advised Vantage as well.