21
Thu, Nov
52 New Articles

CMS Represents MET Suvorovo Wind Park in Claim Against Republic of Bulgaria

Bulgaria
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

CMS has successfully represented MET’s subsidiary MET Suvorovo Wind Park in its claim against the Republic of Bulgaria, represented by the Minister of Finance, for the return of unconstitutional wind taxes imposed by the Republic of Bulgaria back in 2014.

According to CMS, the case was initiated prior to the takeover of the wind park by MET in 2021, "when the Swiss-based energy company MET Group acquired a 100% stake in a 60-megawatt operational wind park in Bulgaria, after signing a share purchase agreement with Spanish Grupo Enhol. The transaction was an important step in achieving MET’s renewables growth targets in the CEE region of 500 megawatts in operation by 2023 and was the second acquisition of an operational wind park of MET in Bulgaria thus expanding its operating wind portfolio in Bulgaria to 102 megawatts.” 

The CMS team included Managing Partner Kostadin Sirleshtov and Senior Associate Yana Antonova.

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.

Firm's website.