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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.

The energy sector in CEE has undergone unprecedented transformation since the beginning of Russia’s full-scale invasion of Ukraine in 2022, forcing governments and energy companies to align their economies, businesses, and strategies with energy security objectives, transforming energy landscapes, and keeping legal teams extremely busy. Law firms have found themselves at the center of energy market changes and the renewables revolution that shows no signs of slowing.

Verdi Law Firm has advised Polisan Holding on the partial spin-off of two subsidiaries into Marmara Holding, a newly incorporated company whose shares were admitted to trading on Borsa Istanbul at incorporation. CMS's Turkish affiliate law firm YBK advised Polisan Holding as well.

CMS has advised Motel One Group on the takeover of two Austrian hotels as part of its takeover of seven Flemings-brand hotels in Germany and Austria, expanding the group’s footprint in Munich, Frankfurt, Bremen, and Vienna. Barnert Egermann Illigasch and GSK Stockmann advised Flemings Asset Management as the lessors.

Norton Rose Fulbright has advised Accession Capital Partners on its mezzanine and minority investment in Polmed, alongside INVL Private Equity Fund II and the International Finance Corporation. DZP advised the sellers of Kliniki Neuroradiochirurgii, the sale of which is supported by the financing. Hogan Lovells reportedly advised IFC as well. Baker McKenzie reportedly advised INVL. Kycia Legal and CMS reportedly advised the senior lenders. MJH Legal reportedly advised Polmed and the sponsors.

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.

The Bulgarian energy sector witnessed some fundamental changes over the last five years. These include putting in operation the over 5 gigawatt-hours photovoltaic capacity, with more than 2 additional gigawatt-hours in the pipeline, and the construction of two major natural gas interconnectors (Balkan Stream and ICGB), which are already delivering energy to customers and reshaping the nuclear industry by utilizing Western fuel and equipment.

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CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

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