CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Norton Rose Fulbright has advised PKO Bank Polski on financing the construction of the 113-megawatt Milkowice solar farm sponsored by Spanish investor Q-Energy. CMS advised Q-Energy.
Dentons has advised Vetroelektrane Balkana on a EUR 205 million refinancing of the 158-megawatt Cibuk wind farm located in Mramorak, Serbia. CMS reportedly advised the lenders on the deal.
CMS has advised CTP on the acquisition of two Transcapital logistics projects in Sofia from the Andreew Investment Group. KPMG Legal advised Andreew on the deal.
Baker McKenzie has advised Pelion Group subsidiary Polska Grupa Farmaceutyczna on the establishment of its bond issuance program and a PLN 130 million issuance of secured bonds. CMS advised organizer, underwriter, and offering agent Haitong Bank on the issuance.
Zivkovic Samardzic has advised the Arriva Group on the divestment of its Arriva Litas business in Serbia to Mutares.
Radu Taracila Padurari Retevoescu has advised Qualitance founders Radu Constantinescu and Ioan Iacob on the sale of the company to Alten. CMS reportedly advised Alten on the acquisition.
Did You Know that, according to the Activity Rankings function of the CEELMDirect website, CMS has worked on 15 reported Banking & Finance deals in Bulgaria in the past five years – more than any other law firm?
Even with elections coming up soon for Bulgaria, there are still plenty of interesting topics to report on, including a vibrant deal market and an active energy sector, according to CMS Partner Elitsa Ivanova.
CMS has advised the Saint-Gobain Group on the conclusion of a 15-year virtual power purchase agreement for the acquisition of renewable energy from Tion Renewables' onshore wind farms in Poland. Dentons advised Tion Renewables.
CMS has advised Vier Gas Transport on its successful participation in a tender for selecting a consultant for monitoring and control of the implementation of a commercial dispatcher center for the Interconnection Greece-Bulgaria project held by ICGB AD.
Clifford Chance and Dominkovic & Osrecak have advised Taaleri Energia and Encro on the EUR 126 million senior debt financing package for the construction of the Zadar wind farm in Croatia. CMS reportedly advised the lending consortium.
Did You Know that, according to the Activity Rankings function of the CEELMDirect website, CMS’s Marija Musec has contributed six Thought Leadership articles to CEE Legal Matters over the ten years of its existence – more than any other Croatian lawyer?
Contributed by CMS.
A combination of policy support for and decreasing investment costs in renewables, the nuclear energy revival, and major nearby discoveries of natural gas in the Black Sea leads to the unprecedented interest of investors in Bulgaria.
The requirement for an increase in the use of green energy will have a significant impact on the growth of e-mobility.
As early as November 2018, the Austrian government announced that it planned to develop a hydrogen strategy. But the Austrian energy sector had been left waiting ever since the formal kick-off in March 2019. In the meantime, the EU and several member states presented their hydrogen strategies. Finally, on June 2, 2022, the Austrian government revealed its own plan of action.
Clifford Chance has advised Hillwood Polska on the EUR 26.3 million financing for the construction of a logistics park in Zgierz provided by Bank Millennium. CMS advised the bank.
A lull in the markets and legislative activity, due to political and global concerns, is offset by high foreign finance confidence and high foreign investor interest in Bosnia and Herzegovina, with client-driven ESG projects a particularly bright spot, according to Attorney-at-Law Andrea Zubovic-Devedzic, a Partner of CMS Reich-Rohrwig Hainz.
CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.
CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.
CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.
Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.
In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.