CMS has advised the ING Bank N.V. on its provision of a USD 100 million three-year syndicated loan to Nibulon SA.
Boyanov & Co, working with the London office of White & Case, has advised the initially mandated lead arranger, the general security agent, the Bulgarian security agent on EUR 360 million facilities to Eastern European Electric Company B.V. Djingov, Gouginski, Kyutchukov & Velichkov advised the agent and lender Metric Capital Partners on a mezzanine facility provided to the company.
CMS has advised UniCredit Bulbank on the refinancing of Solarian Holdings' 21-megawatt operational photovoltaic portfolio in Bulgaria.
With the country being steered by a caretaker government appointed by President Rumen Radev, the overall outlook for Bulgaria seems to be positive, according to Gugushev & Partners Partner Victor Gugushev.
CMS' Malgorzata Surdek-Janicka has been appointed as Vice-President of the International Court of Arbitration at the International Chamber of Commerce in Paris. Aside from Surdek-Janicka, 33 lawyers from CEE were appointed as members and alternate members of the court.
Schoenherr has advised Swiss-based media company Ringier on the acquisition of a majority stake in Bulgarian sports news portal z Sportal Media Group – and an affiliated IT company behind the international Sports Content Management System, Sportal365 – Digital Ventures OOD. Jordanov, Valkov & Partners advised the seller, Mr. Angel Stoyanov Shishkov, on the deal.
Boyanov & Co and Kalo & Associates have advised Albania Telecom Invest Bulgaria and One Telecommunications SHA Albania on a refinancing loan made by a club of banks including OTP Bank Hungary, DSK Bank Bulgaria, and Banka OTP Albania, for a principal amount of EUR 37 million with a maturity of 10 years. Wolf Theiss advised the lenders on the deal.
On March 24, 2021, CEE Legal Matters reported that Djingov, Gouginski, Kyutchukov & Velichkov had advised the founders of tech start-up MYX AD on EUR 350,000 invested into the company by a group led by New Vision 3 Fund KD. CEE In-House Matters spoke with Yordan Zarev, Partner at New Vision 3 Fund, to learn more about the matter.
CMS Sofia has successfully represented Philicon-97 in a dispute against the Ministry of Finance of the Republic of Bulgaria involving the country's feed-in tariff.
Wolf Theiss and Spain's Uria Menendez have advised Spain's Glovo on its EUR 170 million acquisition of Delivery Hero's food delivery service businesses in Bulgaria, Romania, Serbia, Bosnia & Herzegovina, Montenegro, and Croatia. Cuatrecasas advised Delivery Hero.