26
Fri, Apr
27 New Articles

CMS Advises on Financing for Two Bulgarian Photovoltaic Projects

CMS Advises on Financing for Two Bulgarian Photovoltaic Projects

Bulgaria
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

CMS Sofia has advised Korean investors KOSEP and SDN on additional EUR 10 million financing obtained from UniCredit Bulbank AD, Expressbank AD, and DSK Bank EAD for two 42 MWp photovoltaic projects in Bulgaria. CMS Vienna advised the lenders on the financing.

The two projects are located in northern part of Bulgaria, in the villages of Samovodene and Zlataritsa. According to CMS, "with 42 MWp installed capacity these projects represent the biggest Korean investment in Bulgaria to date." CMS reports that it "assisted the parties on all matters related to the project, including during the negotiation process, preparation of the paperwork and perfection steps."

The CMS Sofia team advising KOSEP and SDN was led by Partner Kostadin Sirleshtov, assisted by Associates Borislava Piperkova and Elena Yotova-Yordanova.

The CMS Vienna team advising the lenders was led by Partner Dimitar Zwiatkow, assisted by Associates Marin Drinov and Ivan Gergov. 

 

 

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.