Tsvetkova Bebov & Partners has advised TBI Bank on "the first-ever regulatory T2 bond issuance on the Bulgarian public capital markets.

Tsvetkova Bebov Komarevski has changed its name to Tsvetkova Bebov & Partners, following the departure of Ilya Komarevski. Aside from the new name, the firm announced that Victoria Tzonkova and Damyan Leshev were elevated to Partner, while Eleonora Mateina was appointed to Head of Competition and Pharmaceuticals. 

Kinstellar has advised the Black Sea Trade and Development Bank on its “Framework Agreement for Pandemic Crisis Response Programme” that will be implemented together with the National Guarantee Fund.

DPC has advised DHH S.p.A on the acquisition of the Bulgarian tech company Evolink AD.

Former Tsvetkova Bebov Komarevski Partners Ilya Komarevski and Venelin Dimitrov have established a new firm in Sofia – Komarevski Dimitrov & Partners.

Georgiev, Todorov & Co. has successfully defended Port of Burgas before Bulgaria’s Supreme Administrative Court against electricity distribution operators Elektrorazpredelenie Yug and EVN Bulgaria Elektrosnabdyavane.

Former Kambourov & Partners Founder and Partner Mitko Karushkov opened a new law firm in Sofia – Karushkov Legal solutions.

In February 2021, the Bulgarian Parliament adopted a major amendment to the Law on Protection of Competition (LPC). More than a hundred provisions were amended or newly introduced, making this change arguably the largest since the initial adoption of this law in 2008.

Antoniya Markova, Daniela Petkova, Yoanna Ivanova, and Kostadinka Deleva have been appointed as Partners with Gugushev & Partners in Bulgaria.

In recent years, as a result of the global political and economic environment and the consequences of the Covid-19 pandemic, the e-commerce has become a preferred method for trading goods and services for both businesses and consumers. More and more online trading platforms are emerging, where platform operators connect sellers and buyers using different business models and payment mechanisms.

Kinstellar and Eisenberger + Herzog have advised Belgian KBC Group subsidiary KBC Bank on its EUR 1 billion acquisition of Raiffeisen Bank International’s Bulgarian subsidiary Raiffeisenbank. Wolf Theiss advised the seller.

Boyanov & Co has advised the European Investment Bank on increasing the financing of Oliva AD.

Schoenherr has announced the appointments of Austria-based Miriam Simsa, Bulgaria-based Alexandra Doytchinova and Czech Republic-based Vladimir Cizek to Equity Partners. The firm also promoted Austria-based Dominik Hofmarcher and Slovakia-based Sona Hekelova to Partners.

CMS has advised the Bulgarian Branch of ING Bank on its 1000 square-meter lease of office space in the North Tower of Sofia's Infinity Tower development.

Kinstellar has advised GIC on the Czech, Hungarian, Bulgarian, and Serbian aspects of its 30% stake acquisition in the Cetin Group from PPF. BDK Advokati and Lakatos, Koves & Partners advised the seller on Serbian and Hungarian aspects, respectively. Djingov, Gouginski, Kyutchukov & Velichkov, White & Case, and NautaDutilh reportedly also advised the seller. Herbert Smith Freehills also advised the buyer, with Loyens & Loeff reportedly advising the buyer in the Netherlands.

 In “The Corner Office” we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. With summer having just passed, the question this time: What is your one favorite yearly activity to disconnect?

Bulgaria is just a stone’s throw away from completing the electricity market liberalization that has been in progress in recent years. The main goal of the Bulgarian Government is to gradually eliminate regulated electricity prices by the end of 2025 and to fully transition to market conditions by promoting market competition.

CMS has successfully collected the feed-in tariff from the Republic of Bulgaria in favor of Solar R1, Solar RAS, and Solar Group Systems following various litigation rounds extending over seven years.