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CMS Completes Restructuring of Photovoltaic Producer EU Sunday in Bulgaria

CMS Completes Restructuring of Photovoltaic Producer EU Sunday in Bulgaria

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.

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