Boyanov & Co has successfully represented the Bulgarian nitrogen fertilizer producer Neochim in litigation against a natural gas supplier.

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.

Allen Overy Shearman Sterling, working with its Turkish affiliate Gedik & Eraksoy, BGI Legal, and Boyanov & Co have advised J.P. Morgan as the sole initial purchaser and The Law Debenture Trust Corporation as trustee on Energo-Pro’s EUR 300 million regulation S private placement of 6.45% guaranteed notes, marking the issuer’s debut on the Vienna MTF. White & Case advised Energo Pro.

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.

Bulgaria’s cybersecurity landscape is characterized by heightened business awareness of threats and a proactive approach to addressing associated risks. The surge in cyberattacks has led organizations to prioritize and expand investments in cybersecurity training. Notably, nearly half of all recent incidents have affected small and medium-sized enterprises, indicating a need for strong security measures across businesses of all sizes.

The EU Data Act (Regulation (EU) 2023/2854 on fair access to and use of data) became fully applicable on 12 September 2025.

On August 1, 2025, amendments and supplements to the Administrative Procedure Code (APC) were promulgated (SG No. 63/2025). These amendments affect various aspects of the administrative process, and the legislator has established different deadlines for their implementation. Pending proceedings before the administrative body or court will be completed according to the current procedure until the amendments take effect.

With 25 years of SEE Legal behind him and over four decades in the legal profession, Boyanov & Co Managing Partner Borislav Boyanov reflects on how the idea for the regional alliance first took shape, from early conversations with peers to building a network across borders.

Following the adoption of the general framework of the FDI screening in March 2024, the regime was originally expected to become operational in Bulgaria no later than September 2024. This timeline was contingent on the adoption of the necessary secondary legislation, including the amended Rules on the Application of the Investment Promotion Act (the “FDI Screening Act”) as well as the Rules on the Organization and Functioning of the Interdepartmental Council on FDI Screening.

On 1 July 2025, the provisions of the Civil Procedure Code (CPC) regulating the new provisions in Chapters Thirty-Six ‘Issuance of a Writ of Execution’ and Thirty-Seven ‘Order for Payment Proceedings’ came into force, after the original date was postponed by one year. Also on 1 July 2025, the amendments to Regulation No. N-2 of 18 February 2020, issued by the Minister of Justice, came into force.

Bulgaria’s Technology, Media, and Telecommunications (TMT) sector is continuing its steady and dynamic growth, reflecting the country’s ongoing digital transformation and its increasing role as a regional technology hub.

Wolf Theiss has advised Sofia South Ring Mall on the EUR 79 million cross-border refinancing of its flagship retail property in Bulgaria. Dentons and Boyanov & Co advised the lenders – Eurobank Bulgaria, Eurobank Greece, and Eurobank Luxembourg Private Bank.

Allen Overy Shearman Sterling has advised Citigroup Global Markets Europe, Goldman Sachs Bank Europe, and J.P. Morgan as joint bookrunners and joint lead managers, as well as The Law Debenture Trust Corporation as trustee, on the EUR 700 million issuance of 8% senior guaranteed green notes by Energo-Pro. Tsvetkova Bebov & Partners, member of Eversheds Sutherland, advised the issuer. BLC Law Office and White & Case and its Turkish affiliate law firm GKC Partners reportedly advised the issuer and guarantors. Boyanov & Co and, reportedly, BGI Advisory Services advised the joint bookrunners, the joint lead managers, and the trustee as well.

In The Corner Office, we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. This time around, we asked: For 2025, what is the one sector or industry in the country that shows the most promise for growth, and why?

Boyanov & Co. has advised Generali CEE Holding in the acquisition of United Health Insurance Fund Doverie. Djingov, Gouginski, Kyutchukov & Velichkov advised the seller.

The Bulgarian Parliament has recently adopted an Act to amend and supplement the Bulgarian Commercial Act[1] implementing the requirements of Directive (EU) 2019/2121 of the European Parliament and of the Council of 27 November 2019 amending Directive (EU) 2017/1132 as regards cross-border conversions, mergers and divisions.

The European Union’s Strategy for Cooperation in the Indo-Pacific, launched in October 2021, marked a significant shift in the EU’s foreign policy. It represented a comprehensive approach to engaging with the region of the Indo-Pacific, which is increasingly recognized as a global economic and strategic hub. Together, the Indo-Pacific and Europe hold over 70% of global trade in goods and services, as well as 60% of foreign direct investment (FDI) flows.

On 7 November 2024, Boyanov & Co. with the support of the European Investment Bank organised the international conference “Life-Cycle Challenges of the Start-Ups”. The event focused on navigating the landscape of the Bulgarian start-up ecosystem through its major challenges in 2025; government programs, grants, and EU funds for financing start-ups in 2025; and broadening horizons for international expansion of the CEE start-ups and venture capital funds. With this conference, Boyanov & Co. reaffirmed its commitment to supporting the start-up ecosystem in Bulgaria.