The Legal 500

Schoenherr (in cooperation with Law firm Andreev, Stoyanov and Tsekova)

ALABIN 56, 1000 SOFIA, BULGARIA
Tel:
Work +359 2 933 1070
Fax:
Fax +359 2 986 1105
Web:
www.schoenherr.eu
Email:

Recommendations

Bulgaria: Banking and finance > Banking and finance
Bulgaria: Corporate and M&A > Corporate and M&A
Bulgaria: Dispute resolution > Dispute resolution
Bulgaria: EU and competition > EU and competition
Bulgaria: Energy and natural resources > Energy and natural resources
Bulgaria: Real estate and construction > Real estate and construction
Bulgaria: TMT > TMT

Bulgaria: Banking and finance

Within Banking and finance, Schoenherr (in cooperation with Law firm Andreev, Stoyanov and Tsekova) is a second tier firm,

Schoenherr (in cooperation with Law firm Andreev, Stoyanov and Tsekova)’s ‘strong’ banking and finance practice advised a group of bondholders on the restructuring of a defaulted Eurobond issued by the state-owned Holding BDZ EAD (Bulgarian Rail Road), and acted as lead counsel to Raiffeisen Bank International on the refinancing of existing debt relating to Lukerg’s acquisition of Bulgarian wind farms. It also advised on the refinancing of German pharmaceuticals group, Phoenix. Other clients include EBRD, JP Morgan and Société Générale. Tsvetan Krumov and practice head Anton Andreev are recommended.

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Bulgaria: Corporate and M&A

Within Corporate and M&A, Schoenherr (in cooperation with Law firm Andreev, Stoyanov and Tsekova) is a second tier firm,

Alexandra Doytchinova’s ‘very responsive’ team at Schoenherr (in cooperation with Law firm Andreev, Stoyanov and Tsekova) is ‘excellent at keeping to deadlines’. It advised VTB Capital on the €100m acquisition of a controlling stake in Bulgartabac, and acted for Pro7Sat.1 on the sale of the group’s entire Bulgarian portfolio of radio stations to a Bulgarian investor. Key clients include Siemens and Integrated Micro-Electronics. Ilko Stoyanov has ‘a suitable, commercial approach’, and is ‘well informed’.

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Bulgaria: Dispute resolution

Within Dispute resolution, Schoenherr (in cooperation with Law firm Andreev, Stoyanov and Tsekova) is a third tier firm,

Key clients for the ‘first-rate’ team at Schoenherr (in cooperation with Law firm Andreev, Stoyanov and Tsekova) include AMC Pancke, K.-W. Phannenschmidt and ORS. Anton Andreev heads the practice.

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Bulgaria: EU and competition

Within EU and competition, Schoenherr (in cooperation with Law firm Andreev, Stoyanov and Tsekova) is a third tier firm,

The ‘focused’ Ilko Stoyanov heads Schoenherr (in cooperation with Law firm Andreev, Stoyanov and Tsekova)’s ‘client-oriented and well-prepared’ department, which advised a client in a cartel investigation and acted for VTB Capital on the merger control filing for the acquisition of a controlling stake in Bulgartabac.

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Bulgaria: Energy and natural resources

Within Energy and natural resources, Schoenherr (in cooperation with Law firm Andreev, Stoyanov and Tsekova) is a second tier firm,

Schoenherr (in cooperation with Law firm Andreev, Stoyanov and Tsekova), which is noted for its ‘high level of service’, advised Raiffeisen Bank International on the financing of the acquisition of Maritsa East III thermal power plant; Solarpro Holding on the financing, development and sale of photovoltaic projects; and Bosch Solar on Project Kazanlak, a €25m photovoltaic project in the Balkans. Stefana Tsekova has ‘a professional attitude’, and the ‘knowledgeable’ Alexandra Doytchinova is also recommended.

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Bulgaria: Real estate and construction

Within Real estate and construction, Schoenherr (in cooperation with Law firm Andreev, Stoyanov and Tsekova) is a second tier firm,

Headline work for the ‘outstanding’ team at Schoenherr (in cooperation with Law firm Andreev, Stoyanov and Tsekova) included advising S IMMO on the financing of the construction of an office building in central Sofia, and assisting Moncada with the acquisition and development of several solar energy parks. Elena Todorova and practice head Dimitar Vlaevsky are recommended.

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Bulgaria: TMT

Within TMT, Schoenherr (in cooperation with Law firm Andreev, Stoyanov and Tsekova) is a second tier firm,

The team at Schoenherr (in cooperation with Law firm Andreev, Stoyanov and Tsekova) shows ‘in-depth knowledge’, and incudes the ‘incredibly focused’ Ilko Stoyanov. Ir advised Pro7Sat.1 on the sale of its portfolio of Bulgarian radio stations to a Bulgarian investor; Integrated Micro-Electronics on the acquisition of EPIQ’s electronics manufacturing business; and Antrator Holding on the sale of the Bulgarian regional daily newspaper, UTRO, to BG Privatinvest.

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Legal Developments by:
Schoenherr

Legal Developments in Bulgaria

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Bulgaria: A welcome reform or a market disruption

    The latest amendments to the Bulgarian Commerce Act are intended to implement the Late Payment Directive (2011/7/EU) (the “Directive”). The Directive was adopted in February 2011 and was due to be implemented by 16 March 2013. Currently, is adopted in 17 of 27 Member States of the EU. The aim of the Directive is to prevent the grossly unfair treatment of those creditors who are unable to negotiate level-playing field payment terms, irrespective of whether that status is due to the creditors’ weaker bargaining power or to the fact that the terms are in fact subjected to limited negotiations, as with public procurements. The scope of the amendments in the Bulgarian legislation implementing the Directive concern only business to business and government to business transactions , for which maximum terms are introduced for payment of monetary obligations. Unfortunately, the amendments do not entirely implement the Directive and certain provisions of this EU legislation have been left out, such as:
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    In November 2012 the Competition Protection Commission imposed the highest penalty in its history for prohibited agreements between the distributor of Hyundai in Bulgaria, Industrial Commerce OOD, and authorised Hyundai/Industrial Commerce dealers pursuant to Article 15 of the Competition Protection Act and Article 101 of the Treaty on the Functioning of the European Union. 
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  • Competition Legislation Imposes New Restrictions on Business

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