Bulgaria has great potential and is currently attracting major investors interested in large-scale renewable energy projects. Currently, over 1,500 megawatts of solar and over 800 megawatts of wind projects are operating. Still, the country’s power generation is highly dependent on its baseload power capacity coming from thermal power plants (over 3,600 megawatts). However, to meet the net zero economy targets, renewables could be the solution to replace these capacity volumes. Thus, at least 2,600 megawatts in RES capacity are expected to be installed by 2025, to allow Bulgaria to meet its target of 30.33% of energy produced from renewable sources.
White-Collar Crime in CEE: Expanding the Toolkit
Looking ahead to 2023, white-collar crime is likely to be a subject of close scrutiny by local and EU authorities across CEE. CMS CEE Partner Nedeljko Velisavljevic, from Serbia, and CMS Head of the Criminal Defense Practice in Romania Mihai Jiganie-Serban explore the current context, latest developments, and outlook of white-collar crime practices in CEE.
Did You Know: Ten-Year Infrastructure/PPP/Public Procurement Leaderboard
Did You Know that, according to the Activity Rankings function of the CEELMDirect website, only ten lawyers have worked on five or more reported Infrastructure/PPP/Public Procurement deals in CEE over the past ten years?
CEELM Deal of the Year Awards Banquet: And the Winner Is...
On the evening of April 25, 2023, the Deal of the Year Awards Banquet brought together, under the same roof, top-tier lawyers from Central and Eastern Europe's leading law firms and ILFs active in the region in Istanbul.
CMS Advises Hansgrohe on Development of New Factory in Serbia
CMS has advised Hansgrohe on its EUR 85 million investment in the development of a production facility in Valjevo, Serbia.
Andrea Zubovic-Devedzic and Indir Osmic Take Over Management of CMS in Sarajevo
Partners Andrea Zubovic-Devedzic and Indir Osmic have been appointed the Co-Managing Partners of the CMS Sarajevo office as of April 1, 2023, taking over from Nedzida Salihovic-Whalen who will stay on as a Partner.
Greenberg Traurig and CMS Advise on Echo Investment Sale of My Place II in Warsaw to Trigea
Greenberg Traurig has advised Echo Investment on its EUR 45 million sale of the My Place II office complex in Warsaw to the Trigea Real Estate Fund. CMS advised the buyer.
Did You Know: 12-Month CEE Energy/Natural Resources Leaderboard
Did You Know that, according to the Activity Rankings function of the CEELMDirect website, only eleven lawyers in CEE have worked on four or more reported Energy/Natural Resources deals in CEE since March 1, 2022?
CMS Advises SID Bank on EUR 140 Million Bond Issuance
CMS has advised Slovenia's SID Bank on its EUR 140 million German law-governed issuance of senior unsecured fixed-rate bonds with a seven-year maturity.
CMS Advises Alpla on Joint Venture with Inden Pharma
CMS has advised the Alpla Group on establishing a pharmaceutical packaging market joint venture with Spain's Inden Pharma.
CMS Successful for Xylem in Settlement before ICC International Court of Arbitration
CMS Sofia has successfully represented Xylem in settling a dispute with a Bulgarian hydropower producer before the ICC International Court of Arbitration.
CMS Advises Constantia Flexibles on Drukpol Flexo Acquisition
CMS has advised the Constantia Flexibles group on its acquisition of Drukpol Flexo in Poland.
Nyerges & Partners Advises Shikun and Binui Energy on EUR 40.5 Million PV Project Financing from Raiffeisen Bank
Nyerges & Partners has advised Shikun and Binui Energy on a EUR 40.5 million loan from Raiffeisen Bank International AG and Raiffeisen Bank Romania for a 70-megawatt photovoltaic project in Satu Mare. CMS reportedly advised Raiffeisen Bank.
CMS and E+H Advise on DPE Deutsche Private Equity Sale of VTU Group to Altor Fonds
CMS has advised DPE Deutsche Private Equity on the sale of its stake in the VTU Group to winning bidder Altor Fonds. Milbank and E+H advised Altor Fonds.
CMS and KPMG Law Advise on ABB E-mobility Investment in Payuca
CMS has advised Swiss ABB E-mobility AG on its Series A investment into Austrian property technology company Payuca. KPMG Law advised Payuca.
The Debrief: March 2023
In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and stay up to date with the latest developments impacting their respective practice areas.
Building Resilience: Ukrainian Law Firms One Year into the War
As Russia’s full-scale invasion of Ukraine hit the one-year mark, we asked Ukrainian law firms how they adjusted to the new circumstances, how their mandates and teams have evolved, and about the support they received from their colleagues abroad throughout this period.
Local Roots and Regional Reach: The Difference a Decade Made for Austrian Firms
A decade ago, Austrian law firms stood out in terms of their regional presence in CEE. Wolf Theiss Partner Claus Schneider and CMS Managing Partner Johannes Juranek share insights into the growth trajectory of these regional law firms and the current landscape of the Austrian legal market.