DGKV has advised AP Investments AD on the sale of 50% of Mall Galleria Varna to the Serbian-based Delta Real Estate DOO and the Cyprus-based Astatine Holdings Limited. The buyers were advised by Deloitte Legal on the deal, which closed on August 18, 2017. The financial terms of the transaction were not disclosed.
"Lawyers feel the pulse of the economy,” says George Dimitrov, the Managing Partner of Bulgaria’s Dimitrov, Petrov & Co. law firm, "so if lawyers have work that means things are going well in business.” Accordingly, Dimitrov’s assertion about his firm that, “we have lots of work and we’re expanding our team” can only be a good sign for Bulgaria.
DGKV acted for a consortium consisting of German engineering consultancy companies CDM Smith Consult GmbH, Fichtner GmbH & Co KG, and C&E Consulting und Engineering GmbH in arbitration proceedings before the Arbitration Court at the Bulgarian Chamber of Commerce against the Bulgarian Ministry of Environment and Waters.
Wolf Theiss has advised private equity investor Kohlberg & Company on its purchase of the winter sport division of Newell Brands. The signing took place on May 25, 2017, and the deal closed on July 14, 2017.
In general the protection of intellectual property rights over products related to or originating in a defined geographical area is based on the legal concept of a “geographical indication.” According to both legal theory and practice a geographical indication (GI) is a sign used on products that have a specific geographical origin and possess qualities or a reputation related to that origin.
Schoenherr has advised Bulgarian Eagle airlines, the ACMI (Aircraft, Crew, Maintenance, and Insurance) carrier recently founded by the Germania Group, on its expansion into Bulgaria and on obtaining an official air operator certificate from the Bulgarian authorities, which allows the airline to use aircraft for commercial purposes. After all the necessary licenses were issued and a demonstration flight was successfully completed, the Bulgarian aviation authority cleared the new airline for take-off.
Boyanov & Co. has advised UK Hystead Limited on its EUR 156 million acquisition of The Mall — the second biggest shopping center in Bulgaria. In particular, UK Hystead Limited acquires 100% of Bulgarian company AP Retail I Limited from Cypros Fortone Holdings Limited, which is ultimately owned by Greece's Assos Capital (85%) and Deutsche Bank and Goldman Sachs (a combined 15%). Dinova Rusev & Partners Law Office advised the sellers on the deal.
Acting for borrowers RES Techonogy JSCo and ASM-BG Investicii JSCo., both jointly owned by the Korean South East Energy Company (a subsidiary of KEPCO) and SDN Company Ltd., CMS Cameron McKenna Nabarro Olswang has advised on the largest renewable energy refinancing in Bulgaria to date with the completion of UniCredit’s EUR 62 million facility. CMS Reich Rohrwig Hainz advised UniCredit on the refinancing.
Schoenherr has advised Kronberg International on the acquisition of Mall Varna EAD from Raiffeisen Bank International AG. Deloitte Legal advised RBI on the deal, which closed in Q2, 2017. The purchase price was not disclosed.