19
Mon, Aug
55 New Articles

Dimitrov, Petrov & Co. is reporting that, after almost two years of litigation, the 5-member panel of Bulgaria's Supreme Administrative Court has issued its final decision in favor of firm client Medicus Trade – a company from the Mareshki medicines retail chain repealing provisions of the country's Ordinance No. 4 on the terms and conditions for prescribing and dispensing of medicines.

Tsvetkova Bebov Komarevski has advised Bulgarian electricity power distributor Energo-Pro Varna EAD on its issuance of seven-year bonds with a yield of 3.5% p.a. on the Bulgarian market in a total volume of EUR 130 million, which represents the biggest ever bond sale in Bulgaria. The Balkan Advisory Company IP, which was sole lead manager on the deal — and which was advised by Boyanov & Co. — reports that the bonds were placed among institutional investors from Bulgaria, Austria, Central and Southeastern Europe. The bondholders trustee, United Bulgarian Bank, was advised by its in-house legal team. 

White & Case has advised P3 Logistic Parks (P3) and global investment company TPG Real Estate and developer Ivanhoe Cambridge on the sale of P3 to GIC, a sovereign wealth fund established by the government of Singapore. Kirkland & Ellis advised GIC on the EUR 2.4 billion deal, which White & Case describes as "the largest deal on the European real estate market this year, and the largest real estate deal in the Czech Republic ever."

Parallel imports (sometimes referred to as “gray market goods”) refer to branded non-counterfeit goods that are imported and sold on a particular market without the consent of the trademark owner. The issue of “parallel import” arises in connection with the legal concept of “exhaustion of IP rights”.

Milan Lomic is the General Counsel Adria & Balkan at L’Oreal, a company that he joined in October 2012. Prior to that he worked for Metro Cash & Carry as a Legal Advisor and Antitrust Officer. He has also worked as a Legal Advisor at Unicredit Bank Serbia and as an Assistant to the Judge at the Fifth Municipal Court in Belgrade.

Comprehensive Review in Bulgaria

Hristo Nihrizov, Partner at Dimitrov, Petrov & Co., reported that the Bulgarian TV and radio markets are dominated by three big, established operators in the country. There are some new international players (e.g., Bloomberg recently launched a new business-oriented channel with a local partner), but Nihrizov noted that these new channels usually face an uphill battle in carving out market share and generally focus instead on niche markets. Overall, though, he pointed to a growing number of channels in the country, “which is good for the consumers.”

Schoenherr is reporting that, on September 30, 2016, Michael Lagler was elected as the new Managing Partner at the firm, where he will take over from Christoph Lindinger, who has led the Central and Eastern European law firm for the past 16 years. Lagler's term will begin at the start of the firm’s next fiscal year, on February 1, 2017.

Bulgaria Knowledge Partner

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 14 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu

Our Latest Issue