Bulgarian law firm Dinova Rusev & Partners has joined the South East Legal Alliance.
Bulgaria: The New Whistleblower Protection Act Enters Into Force
On 4 May 2023 the Bulgarian Act on the protection of persons who report or make public information on breaches ("Whistleblower Protection Act" or "WPA")1 adopted earlier this year enters into force, giving effect to the provisions of Directive (EU) 2019/19372 and imposing a number of obligations on employers in both the public and private sector.
Did You Know: Five Lawyers Atop Q1 Bulgarian Leaderboard
Did You Know that, according to the Activity Rankings function of the CEELMDirect website, only five lawyers in Bulgaria worked on more than one client matter reported in the first three months of 2023?
Wolf Theiss Advises Eleven Ventures on Bulgarian Start-Up Investments
Wolf Theiss has advised Eleven Ventures on three start-up investments in Bulgaria, including BibeCoffee, True Insight, and Native Teams.
Boyanov & Co Advises Banks on Financing Acquisition of United Milk Company by Hellenic Dairies Group
Boyanov & Co has advised Eurobank and Alpha Bank – acting directly and through their subsidiaries – on financing Tyrbul’s acquisition of the United Milk Company. The Legal Consultancy reportedly advised Tyrbul.
CMS Appoints Five New Partners Across CEE
A new promotion round saw 62 lawyers become Partners at CMS – spanning 25 cities across the UK, Europe, the Middle East, Africa, and Latin America – including Arno Zimmermann, Hans Lederer, and Klaus Pateter in Vienna, Alicja Zalewska-Orabona in Warsaw, and Mihai Jiganie-Serban in Bucharest.
Legal Innovation in Continental Europe: A Sneak Peek into Lexpo 2023 with Andrea Miskolczi
As Lexpo – The Legal Innovation Event returns in 2023 after a three-year hiatus, showcasing the latest trends in legal innovation in Continental Europe, CEELM spoke with Dentons Europe Director of Innovation and Member of Lexpo's Advisory Board Andrea Miskolczi to gain an insight into the current state of technology and innovation in CEE, and what the event's attendees have to look forward to.
Deloitte Legal Successful for Loznitsa Municipality Before Supreme Administrative Court
Deloitte Legal has successfully represented the Loznitsa Municipality before the Supreme Administrative Court of Bulgaria in a lawsuit against the Managing Authority of Operational Program Environment 2007-2013.
Digitalization of the Order for Payment Procedure in Bulgaria
In the beginning of February 2023, amendments to the Civil Procedure Code (“CPC“), dedicated to the digitalization of the order for payment procedure were promulgated. In the motives of the draft law, it is noted that the changes are in line with the tendency in the European Union towards the digitalization of this procedure, as well as with the aim of allocating judicial resources in a more optimal way through the centralized distribution of the order for payment procedures among regional judges across the country. In this way, an attempt is made towards overcoming the uneven workload of the judges from the different regions, respectively towards acceleration of the court proceedings.
A Closer Look: Tokushev & Partners' Ivan Antov on Helping MFG Group Obtain Its Insurance License
On February 21, 2023, CEE Legal Matters reported that Tokushev & Partners had assisted MFG Ins in obtaining an insurance license from the Financial Supervision Commission of Bulgaria. CEELM reached out to Tokushev & Partners Partner Ivan Antov to learn more about the matter.
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?
DGKV Advised EIC Fund on EUR 2.5 Million Funding Round for Transmetrics
Djingov Gouginski Kyutchukov & Velichkov has advised the European Innovation Council on leading a EUR 2.5 million investment round in Transmetrics. Dinova Rusev & Partners reportedly advised Transmetrics.
Gugushev & Partners Advises Alfastar Ventures on EuVECA Evergreen Fund Registration in Bulgaria
Gugushev & Partners has advised Alfastar Ventures on the registration of a Bulgarian EuVECA alternative investment funds manager.
Closing: Delta Foods Sale of United Milk Company to Tyrbul Now Closed
On March 23, 2023, Tabakov, Tabakova and Partners announced that Delta Foods’ sale of the United Milk Company in Bulgaria to Tyrbul (reported by CEE Legal Matters on September 7, 2022) had closed.
DGKV Advises Bianor Holding on Acquisition of Itido Technologies and Databreathe
Djingov Gouginski Kyutchukov & Velichkov has advised Bianor Holding on its acquisition of the Itido Technologies and Databreathe software companies in Bulgaria.
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.
DGKV Advises DSK Bank on Term Facilities for Terra Tour Service Hotels
Djingov Gouginski Kyutchukov & Velichkov has advised lender DSK Bank on the EUR 4 million and BGN 3.5 million term facilities agreement with Terra Tour Service for the rebranding of some of its hotels to Hyatt brands.
Employment in Bulgaria
Contributed by Schoenherr.