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CMS Advises Naftogaz Slovakia on Bulgarian Natural Gas Trading License

CMS Advises Naftogaz Slovakia on Bulgarian Natural Gas Trading License

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CMS has advised Naftogaz Slovakia – the local subsidiary of the national gas company of Ukraine – on securing a natural gas trading license in Bulgaria.

Naftogaz Slovakia is an energy supply company engaged in energy commodities trading, including gas, power, and environmental products.

According to CMS, on a hearing dated October 13, 2023, the Bulgarian Energy and Water Regulatory Commission granted final approval to the request of Naftogaz Slovakia to obtain a gas trading license for the territory of Bulgaria. "Having this well-known gas trader on the Bulgarian gas market reconfirms the importance of Bulgaria as an interconnector for the region’s gas supply," CMS reported.

The CMS team was led by Managing Partner Kostadin Sirleshtov and included Senior Associate Denitsa Dudevska and Associate Viktoriya Dimitrova.

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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