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CMS Successful for Shell Energy Europe in Obtaining Gas Trader License for Bulgaria

CMS Successful for Shell Energy Europe in Obtaining Gas Trader License for Bulgaria

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CMS has successfully advised Shell Energy Europe on obtaining a license for trading natural gas in Bulgaria.

According to CMS, "the licensing procedure started early this year and was completed in due time irrespective of the gas market disruption and obstacles that the Bulgarian regulator was facing."

Shell Energy Europe specializes in the energy supply business and energy commodities trading, including gas, power, and environmental products.

"Having such a major gas trader on the Bulgarian gas market has caught the attention of the Bulgarian decision-makers and it provides optimism for the upcoming challenging periods as well as the actual potential for diversification of the gas market players," the firm announced.

The CMS team was led by Managing Partner Kostadin Sirleshtov and included Senior Associates Denitsa Dudevska and Alexander Rangelov.

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.