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CMS Wins Regulatory Case for CEZ Electro Bulgaria

CMS Wins Regulatory Case for CEZ Electro Bulgaria

Bulgaria
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CMS Sofia has successfully represented CEZ in an administrative procedure against a regulatory decision from the Energy and Water Regulatory Commission on set prices for electricity sales in Bulgaria.

On July 1, 2017, Bulgaria's Energy and Water Regulatory Commission (EWRC) set the prices at which CEZ sells electricity in Bulgaria. 

According to CMS, the first instant court partially repealed the decision of the EWRC  in regard to the determined price for the “supply of electricity from the end supplier.” The court upheld that the amount approved by the EWRC for the component for the activity was not grounded and would not recover CEZ's operative expenses. Hence, the component as one of the price elements was found to be unlawfully determined by the regulator. The EWRC appealed the decision. 

Recently, the Supreme Administrative Court issued a final decision upholding the decision of the first instance court. EWRC should now comply with the decision of the court and the instructions contained therein.

The CMS team included Partner Kostadin Sirleshtov and Senior Associate Maria Lazarova.

CMS at a Glance

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.

Firm's website.