The Legal 500

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CMS

14 TSAR OSVOBODITEL, FL. 1, SOFIA 1000, BULGARIA
Tel:
Work +359 2 921 9910
Fax:
Fax +359 2 921 9919
Web:
cms.law
Aberdeen, Algiers, Amsterdam, Antwerp, Barcelona, Beijing and 70 more

Bulgaria

Banking and finance
Banking and finance - ranked: tier 2

CMS

CMS’ department co-heads Elitsa Ivanova and Gentscho Pavlov, who is ‘a trusted legal adviser’, are well versed in international transactions and provide ‘a highly professional service’. The firm often acts for international banks, including UniCredit Bank Austria and its Bulgarian subsidiary, which it advised on a €110m real estate finance restructuring.

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Capital markets
Capital markets - ranked: tier 2

CMS

Elitsa Ivanova at CMS has notable capital markets capability and has valuable in-house experience. The firm advises domestic banks, international investment banks and corporate issuers.

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 1

CMS

CMS has ‘international experience and deep local expertise, which is highly valuable in cross-border transactions’. The team recently advised Telekom Austria Group on its subsidiary Mobitel’s €115m acquisition of blizoo, the second-largest fixed line operator in Bulgaria. The team includes Atanas Bangachev as well as Sofia managing partner David Butts, who is ‘an excellent lawyer’, and Gentscho Pavlov, who shows ‘commitment to excellence’.

Leading individuals

David Butts - CMS

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Dispute resolution
Dispute resolution - ranked: tier 1

CMS

CMS has the ‘expertise and motivation to provide the highest quality of work’. The well-resourced team is led by ‘knowledgeable’ Assen Georgiev and senior associate Antonia Kehayova, who are representing the two Bulgarian subsidiaries of Heta Asset Resolution (formerly Hypo Alpe-Adria Leasing) in multiple arbitrations and litigation proceedings. The firm is also acting for ČEZ in a dispute with NEK (the national electricity company) and the Electricity System Operator.

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EU and competition
EU and competition - ranked: tier 2

CMS

At CMS, senior associate Nevena Radlova is ‘very reliable and client-oriented’. Associate Gabriela Edreva represented Carl Zeiss in a dispute with a Bulgarian distributer and acted for Germany-based Techem in proceedings pertaining to sanctions imposed by the Bulgarian competition authorities.

Next generation lawyers

Nevena Radlova - CMS

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Energy and natural resources
Energy and natural resources - ranked: tier 1

CMS

CMS’ team recently advised Shell on its successful bid for the deep offshore exploration of the Silistar block in the Bulgarian Black Sea, the only upstream oil and gas deal in Bulgaria in 2016. Its stellar client list also includes Iberdrola, ČEZ and Petroceltic. Kostadin Sirleshtov, who heads the firm’s energy, projects and construction practice across CEE, is ‘extremely responsive’, ‘understands the energy market in CEE very well’ and is ‘willing to make introductions to assist clients to make progress in this region’.

Leading individuals

Kostadin Sirleshtov - CMS

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Healthcare and life sciences
Healthcare and life sciences - ranked: tier 2

CMS

The CEE-wide life sciences group at CMS acts for multinational pharmaceuticals, medical devices, biotechnology, agricultural and food companies. Sofia managing partner David Butts is international head of life sciences (corporate); he is supported locally by associate Angelika Sedlackova.

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Projects and PPP
Projects and PPP - ranked: tier 2

CMS

CMS is advising SkyToll on the public procurement process for the design, development and implementation of an electronic toll collection system across more than 16,000km of Bulgarian road infrastructure. The practice is part of the firm’s leading energy, projects and construction group, which is led by ‘very experienced professional’ Kostadin Sirleshtov.

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Real estate and construction
Real estate and construction - ranked: tier 2

CMS

CMS provides an ‘excellent quality’ of service and the team locally worked with international colleagues to advise on the sale of a major real estate development in Sofia. AIG and Heta Asset Resolution are clients. Recently made-up partner Darina Baltadjieva and experienced senior associate Jenia Dimitrova are the practice co-heads.

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TMT
TMT - ranked: tier 2

CMS

CMS advised Telekom Austria on subsidiary Mobitel’s €120m acquisition of the country’s second-largest fixed line operator, blizoo; Gentscho Pavlov, who has ‘strong organisational and communication skills’, led the advice. The team also includes head of IP and competition Nevena Radlova and senior associate Veliko Savov, who is head of TMT.

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Further information on CMS

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

United Arab Emirates

Offices in Dubai and Dubai

Austria

Offices in Vienna

Belgium

Offices in Brussels, Antwerp, Brussels, Brussels, and Brussels

Bosnia and Herzegovina

Offices in Sarajevo

Bulgaria

Offices in Sofia and Sofia

China

Offices in Beijing, Beijing, and Shanghai

Croatia

Offices in Zagreb

Czech Republic

Offices in Prague

Germany

Offices in Hamburg, Frankfurt, Stuttgart, Berlin, Leipzig, Dusseldorf, Cologne, Munich, and Munich

Algeria

Offices in Algiers

Spain

Offices in Madrid, Malaga, Seville, Madrid, and Barcelona

France

Offices in Paris, Strasbourg, and Lyon

Hungary

Offices in Budapest

Latin America: International firms

Italy

Offices in Rome and Milan

London

Offices in London EC4N and London EC3A

Luxembourg

Offices in Luxembourg

Morocco

Offices in Casablanca

Montenegro

Offices in Podgorica

Netherlands

Offices in Utrecht and Amsterdam

North West

Offices in Manchester

Oman

Offices in Muscat

Poland

Offices in Warsaw and Poznan

Portugal

Offices in Lisbon

Romania

Offices in Bucharest

Russia

Offices in Moscow

Scotland

Offices in Edinburgh, Glasgow, and Aberdeen

South East

Offices in Reading

Singapore

Offices in Singapore, Singapore, and Singapore

Slovenia

Offices in Ljubljana

South West

Offices in Bristol

Switzerland

Offices in Zurich and Geneva

Ukraine

Offices in Kiev and Kiev

Yorkshire and the Humber

Offices in Sheffield S2 and Sheffield S2

Serbia

Offices in Belgrade

Legal Developments by:
CMS

  • Access to justice: protective costs orders in planning challenges

    Third parties and competing developers have no rights of appeal to the Secretary of State against planning decisions. Disappointed applicants can appeal to the Secretary of State and can have the merits of the application reconsidered. The only remedy available to a disappointed third party is a challenge by way of judicial review in the High Court on a point of law. The sense of frustration and disempowerment this creates has not been helped by the increasing complexity of the planning process and the use of consultation to legitimise decisions that many perceive may already have been taken.
    - CMS Group

Legal Developments in Bulgaria

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to