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Editorial

Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or shehab.khurshid@legalease.co.uk

 

Omissions in the energy strategy disturb the investment climate

In a previous article, I asked the question of whether the State is “for” or “against” green energy. The latest amendments to the law of April 10, 2012, as well as subsequent decisions by the State Energy and Water Regulatory Commission (SEWCR) confirmed that the State takes a stand against wind and photovoltaic power generation.

The Bulgarian Energy Holding, Consolidation in the Context of Liberalization?

The year 2007 was fundamental to the development of the energy sector in Bulgaria. In compliance with Bulgaria’s responsibilities as an EU member, requirements for complete liberalisation of energy markets have been met by the amendments made in the statutory framework. Naturally, the new legal provisions are only a prerequisite for the factual liberalisation and realisation of the market mechanisms. Some consumers have become very familiar with the ins and outs of the liberalised market, particularly in the field of electroenergetics, where the industry structure presupposes development of market relations.

New Elements in the Procedure for Registration of Tobacco Product Prices: Pros and Cons

The amendments to the Ordinance on the Terms and Procedure for Registration of the Price of Locally Produced and Imported Tobacco Products, Trade in Tobacco Products and Control on Trade (the Ordinance) effective from late 2005 and early 2006 introduced some radical changes in the rules and procedure for registration of tobacco products available on the Bulgarian market

Privatisation of the power generation sector in Bulgaria. Privatisation & PPP Review 2006/07

Over time, direct privatisation (as opposed to PPP projects) has gained importance for the development and restructuring of the Bulgarian energy sector. Recent practical experience shows that a successful direct privatisation of a power generation asset depends largely on the following milestones: (i) appropriate privatisation strategy; (ii) availability of purchase price enhancement mechanisms; and (iii) efficient bidding process and reasonable negotiations.Although not all of these factors are properly addressed during the different stages of the process, the practice shows that the more efforts are devoted to each of them, the less “broken deals” remain in the statistics.

Priority access or are there genuine incentives for power generators using renewable energy sources?

The introduction of new, environmentally friendly energy sources has become an increasingly relevant issue over the recent years because conventional primary energy sources (coal, oil, gas) have grown more costly and their deposits are being depleted, and also because of the undesired climate change as a result of the high level of greenhouse emissions.

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