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CMS Completes Restructuring of Photovoltaic Producer EU Sunday in Bulgaria

CMS Completes Restructuring of Photovoltaic Producer EU Sunday in Bulgaria

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CMS has successfully assisted Korea's SDN Company Ltd on its successful regaining of control over photo-voltaic producer EU Sunday AD, which operates three projects in Bulgaria with 15 MWp installed capacity.

According to CMS, "the project included complex insolvency proceedings, which were concluded by means of a Restructuring plan with full compensation of all minority creditors and the Bulgarian National Revenue Agency, and approved by the Sofia city court. The project included negotiations of various agreements with UniCredit Bulbank, legal assistance to eight of the EU Sunday AD’s creditors during the insolvency procedure, assistance with the preparation and approval of the Restructuring plan and completion of the registration of the changes with the Bulgarian Commercial Register."

CMS's team was led by Sofia Managing Partner Kostadin Sirleshtov and included Associates Borislava Piperkova, Elena Yotova-Yordanova, Raya Yoncheva, and Dimitar Dimitrov.

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.

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