The Legal 500

Wolf Theiss

RAINBOW CENTRE, 29 ATANAS DUKOV STREET, 1407 SOFIA, BULGARIA
Tel:
Work +359 2 8613 700
Fax:
Fax +359 2 8620 370
Web:
www.wolftheiss.com
Email:

Bulgaria : Banking and finance

Within Banking and finance, Wolf Theiss is a second tier firm,

Wolf Theiss’ ‘hardworking’ and ‘skilled’ team, which is led by Richard Clegg, advised LUKERG Renew, the joint venture between ERG Renew and Lukoil Ecoenergy, on its €52m financing and acquisition of two operational wind farms. It also advised Raiffeisen Bank Albania on a syndicated financing of the development of a mall in Skopje, Macedonia. Anna Rizova is ‘excellent’, and ‘proactive’ senior associate Katerina Kraeva is also recommended.

Bulgaria : Corporate and M&A

Within Corporate and M&A, Wolf Theiss is a second tier firm,

The ‘exceptional’ team at Wolf Theissconsistently provides a distinctive combination of business skills and technical industry knowledge’, and ‘promptly and proficiently gives competent, reliable and effective advice’. Clients include Sensata Technologies, Bancroft Group, Gramercy Emerging Markets Fund, GE Capital Real Estate, and UniCredit Leasing. Practice head Richard Clegg and Anna Rizova provide ‘strong, practical and proactive’ support.

Bulgaria : EU and competition

Within EU and competition, Wolf Theiss is a third tier firm,

Wolf Theiss’ ‘strong, practical and proactive’ group is ‘exceptionally hardworking’. It advised Metinvest on the merger control filing and clearance for its acquisition of Zaporizhstal. Clients also include National Instruments, Gramercy Emerging Markets Fund and Lukerg Renew. Richard Clegg and the ‘brilliant’ Anna Rizova are recommended.

Bulgaria : Energy and natural resources

Within Energy and natural resources, Wolf Theiss is a third tier firm,

Wolf Theiss’ ‘clear and concise’ team is recommended for its renewable energy expertise, and also acts on more traditional energy matters. It advised South Stream Transport on the development of the South Stream offshore gas pipeline from Russia, and acted for SunEdison on the acquisition and development of four photovoltaic projects in Bulgaria. Anna Rizova is ‘excellent’.

Bulgaria : Real estate and construction

Within Real estate and construction, Wolf Theiss is a second tier firm,

Wolf Theiss’ ‘highly professional’ team is advising South Stream Transport on all real estate and construction matters relating to the development of the South Stream offshore gas pipeline. It also acted for Bulgarian Real Estate Fund (BREF) on the €23m sale of Kambanite Business Centre in Sofia to Zeus Capital, and advised LukErg Renew on the €52m acquisition of two wind farms. Anna Rizova is highly recommended, and Antonia Mavrova ‘goes the extra mile’, say clients.

Bulgaria : TMT

Within TMT, Wolf Theiss is a second tier firm,

Wolf Theiss’ ‘outstanding’, ‘practical’ TMT practice gives ‘direct and accurate advice’ in a ‘timely and concise manner’. Clients include Sportingbet, Cable Partners, Valartis Europe, Aukro Bulgaria, and Mancelord. Anna Rizova and practice head Richard Clegg are recommended.


Further information on Wolf Theiss

Please choose from this list to view details of what we say about Wolf Theiss in other jurisdictions.

Austria

Offices in Vienna

Bosnia-Herzegovina

Offices in Sarajevo and Banja Luka

Bulgaria

Offices in Sofia

Croatia

Offices in Zagreb, Rijeka, and Split

Czech Republic

Offices in Prague

Hungary

Offices in Budapest

Romania

Offices in Bucharest

Slovakia

Offices in Bratislava

Slovenia

Offices in Ljubljana

Ukraine

Offices in Kiev

Serbia

Offices in Belgrade

Legal Developments by:
Wolf Theiss

  • EU TRANSACTION TAX: ADDITIONAL BURDENS ON BANKS?

    The finance ministers of the European Union met again last week to discuss the plan of introducing a single EU financial transaction tax. According to the plan, a 0.1 percent tax would be levied on bond and capital transactions, while a 0.01 percent tax would be charged on derivatives transactions.
    - Wolf Theiss

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:
  • Bulgaria_Commission adopts corporate compliance programme guidelines

    At the end of 2012 the Competition Protection Commission adopted guidelines regarding corporate compliance programmes. In general, the guidelines highlight the advantages of these programmes. Through the guidelines, the commission aims to encourage businesses to develop and implement compliance programmes in order to reduce or avoid the risks of non-compliance with competition law.
  • Commission imposes highest-ever penalty for prohibited agreements

    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. 
  • Mergers & Acquisitions 2013. Chapter 10: Bulgaria.

    This guide provides corporate counsel and international practitioners with a comprehensive worldwide legal analysis of the laws and regulations of mergers and acquisitions. This article appeared in the 2013 edition of The International Comparative Legal Guide to: Mergers & Acquisitions; published by Global Legal Group Ltd, London. www.iclg.co.uk.
  • Real Estate 2013. Chapter 6: Bulgaria

    This guide provides the international practitioner and in-house counsel with a comprehensive worldwide legal analysis of the laws and regulations of real estate. This article appeared in the 2013 edition of The International Comparative Legal Guide to: Real Estate; published by Global Legal Group Ltd, London. www.iclg.co.uk .
  • VAT LIABILITY OF A TRADE REPRESENTATIVE OFFICE IN BULGARIA?

    The present article deals with the question of who is to be invoiced and who is VAT liable if a taxable person in Bulgaria supplies services to and for the benefit of a trade representative office -established in Bulgaria - of a foreign entity.bu
  • Competition Legislation Imposes New Restrictions on Business

    On 14 June 2012, the Ministry of Economy, Energy and Tourism published on its Internet site draft amendments to the Protection of Competition Act and respective reasons.
  • Protection of Business Transactions in Case of Insolvency

    One natural consequence of the economic crisis is the steadily growing number of bankruptcy proceedings. An effective means of protecting the interests of creditors in such proceedings is the introduction of the principle of nullity of transactions concluded during the so-called ‘suspicious period', directly following the initial date of insolvency (or, respectively, over-indebtedness).
  • 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.
  • Disputes over Second World War Reparations Thwart Bulgaria’s...

    Privatisation Efforts