CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Dentons has advised Resource Partners on its acquisition of an 80% stake in Interactive Travel Holdings, the parent company of the Romanian brand Vola.ro and Polish brand FRU.pl, which also operates in Bulgaria and Moldova, from 3TS Capital Partners and the Polish co-founders of FRU.pl. CMS and DLA Piper reportedly advised the sellers.
CMS has advised a consortium led by NJJ Holding and Horizon Capital on the acquisition of Datagroup-Volia and Lifecell. Avellum advised NJJ on obtaining merger control clearance from the Antimonopoly Committee of Ukraine for the acquisition. Kinstellar also advised NJJ.
After spending the last five months as a sole practitioner, former Dentons Partner Gabor Kiraly has rejoined CMS as Of Counsel in its banking, finance, and capital markets team.
CMS has advised Santander Bank Polska, mBank, and Alior Bank on a seven-year syndicated financing for Golebiewski Holding.
CMS has advised the Czech Skoda Group on winning an order from Bulgaria's Ministry of Transportation for 20 four-car electric trains, alongside an option for an additional five units.
CEE Legal Matters is proud to introduce the latest in our Comparative Guides series. This one focuses on Oil & Gas in CEE.
CMS has advised Ecosio on its sale to Vertex. DLA Piper advised Vertex.
Walless has advised Affidea Lietuva on its acquisition of the Lithuanian business of Synlab Lietuva. Cobalt, working with CMS' office in Germany, advised the sellers.
Norton Rose Fulbright has advised Nedbank Limited on the refinancing of EPP Group's retail real estate portfolio, focusing on the Power Park Olsztyn shopping center in Olsztyn, Poland. Dentons reportedly advised EPP. CMS reportedly advised mBank as the existing lender.
The Bulgarian energy regulator has proposed changes to the Grid Connection Ordinance No. 6, adopted earlier this year, which aim to provide flexibility in the application process, support for wind projects, and further regulation of battery energy storage systems (BESS).
E+H has advised Baustoff + Metall, RPR Privatstiftung, and Stefan Schoenauer on the acquisition and refinancing of the Althan Quartier in Vienna. CMS advised the sellers – a banking consortium led by Raiffeisen Bank International and including Oberbank, Raiffeisenlandesbanken Steiermark and Oberoesterreich, Volksbank Wien, Sparkasse, VKB, and Hypo Vorarlberg.
CMS has advised TurboVolt on its sale to Eleport. Ellex advised Eleport and, reportedly, Schoenherr advised Eleport on Austrian, Croatian, and Slovenian law.
CMS has advised Eika Asset Management on the development of a warehouse park near the Modlin Airport.
A&O Shearman has advised EcoPro Global Hungary on USD 860 million financing for an EV battery cathode active material manufacturing factory in Debrecen, Hungary.
CMS has advised MND on its acquisition of a 50% share in the 54.6-megawatt Oriv wind power plant in Ukraine.
Kinstellar has advised Peter Mitev and Big Orange Foundation on the joint venture with Raycho Raychev and Endurosat for the acquisition of a 17,000-square-meter office building in Sofia from Alpha Bank. CMS advised Alpha Bank on the sale of its former headquarters. Yonev Valkov Nenov reportedly advised Raycho Raychev and Endurosat.
CMS has advised Greenvolt Next Holding on its acquisition of Greenvolt Next Bulgaria JSCo from Greystone Bulgaria. Kambourov and Partners advised the seller.
On 21 August 2024, the Bulgarian Ministry of Energy opened a tender procedure for National infrastructure for storage of renewable energy (RESTORE) for granting stand-alone battery energy storage system (BESS) tender funded under the EU’s Recovery Resilience Facility (the “Procedure”).
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.