Djingov Gouginski Kyutchukov & Velichkov has advised Bulgarian Stock Exchange-listed Bianor Holding on a capital increase through a share issuance that attracted 199 investors, including several institutional investors.
CMS Appoints 12 New CEE Partners in 54-Strong Global Promotion Round
The most recent promotion round at CMS saw 54 lawyers promoted to the firm's partnership ranks, including Austria-based Daniela Kroemer, David Kohl, Florian Mayer, Kai Ruckelshausen, Lukas Peissl, Marlene Wimmer-Nistelberger, and Sonja Otenhajmer, Bulgaria-based Jenia Dimitrova, Hungary-based Agnes Solyom, Eszter Torok, and Katalin Horvath, and Poland-based Tomasz Sancewicz.
CMS Advises PPC on 2-Gigawatt Cooperation Framework Agreement with Mytilineos
CMS has advised Greece's Public Power Corporation on a cooperation framework agreement for the development and construction of almost 90 solar projects of up to 2,000 megawatts in Romania, Italy, Bulgaria, and Croatia. The deal is valued at up to EUR 2 billion and is expected to be implemented over the next three years.
Did You Know: 12-Month Dispute Leaderboard in CEE
Did you know that, according to the Activity Rankings function of the CEELMDirect website, of the 88 law firm partners who have reported working on disputes in CEE over the past 12 months, only nine have reported working on more than one?
CMS and Spasov & Bratanov Advise on Greenvolt Acquisition of 80-Megawatt PV Project from AES Global Power
CMS has advised Greenvolt Power Solar Poland on its acquisition of an 80-megawatt photovoltaic project – including a battery energy storage system capable of storing electricity up to 25 megawatts per four hours – from AES Global Power Holdings. Spasov & Bratanov, working with Bracewell, advised the seller.
Kambourov & Partners Advises Triton Partners on Acquisition of Siemens Energy’s Trench Business
Kambourov & Partners, working with Latham & Watkins, has advised Triton Partners on local aspects of the carve-out and acquisition of Siemens Energy’s Trench high-voltage component business. Baker McKenzie advised Siemens Energy. White & Case advised a syndicate of banks and financial institutions on financing the acquisition.
Boyanov & Co. and DGKV Advise Synechron on Acquisition of Dreamix
Boyanov & Co. has advised digital transformation consultant Synechron on its full acquisition of Bulgarian developer Dreamix. Djingov Gouginski Kyutchukov & Velichkov advised Dreamix and its nine shareholders on the sale.
Kinstellar and Wolf Theiss Advise on UEG's Acquisition of 250-Megawatt Simeonovgrad-Polyanovo PV Project
Kinstellar has advised the United Energy Group on its acquisition of Green Profit – the company developing the 250-megawatt Simeonovgrad-Polyanovo photovoltaic project. Wolf Theiss advised Delcho Nikolaev Pehlivanov on the sale.
CMS Successful for El Consult PV Against EPC Contractor
CMS has successfully represented El Consult PV in a civil dispute initiated by EPC contractor SimInvest claiming compensation for damages before Bulgarian courts.
Boyanov & Co. Advises Eurobank on EUR 61 Million Financing for Galleria Burgas and Galleria Stara Zagora
Boyanov & Co. has advised the Eurobank group on its EUR 61 million general corporate purposes financing for Galleria Burgas EAD and Galleria Stara Zagora EAD, which own and manage the Mall Galleria Burgas and Mall Galleria Stara Zagora shopping centers in Bulgaria. Dentons reportedly advised the lenders as well.
CMS Advises Danske Commodities on Licensing Before Bulgarian Energy and Water Regulatory Commission
CMS has advised electricity trader Danske Commodities on the licensing of its Bulgarian activities before the country's Energy and Water Regulatory Commission, including for the coordination of a standard and combined balancing group.
Kinstellar Advises Dorado 1 on EUR 55 Million Financing from OTP Bank and DSK Bank
Kinstellar has advised Globe Trade Center subsidiary Dorado 1 on a EUR 55 million financing from OTP Bank and DSK Bank.
Closing: Borealis' Acquisition of Integra Plastics Now Closed
Boyanov & Co recently announced that Borealis' acquisition of Integra Plastics (reported by CEE Legal Matters on December 8, 2023) had closed on March 29, 2024.
CMS Successful for ACF Renewable Energy Limited in ICSID Case Against Bulgaria
CMS and King & Spalding have successfully represented ACF Renewable Energy Limited – a JV between ACWA Power, Blackrock, and Crescent Capital – in an ICSID case against Bulgaria for the breach of fair and equitable treatment under the Energy Charter Treaty, concerning the 61-megawatt Karadzhalovo photovoltaic plant built in 2012.
CMS Advises Global Biomet on EUR 50 Million Financing and Two EPCs for Aratiden PV Project in Bulgaria
CMS has advised Global Biomet on the EUR 50 million financing for the Aratiden PV project in Bulgaria granted by UniCredit Bulbank. CMS also advised on the project's two EPC contracts, with Green Solar Energy for substations and grid connection, and with Rashev & Co for the PV section.
The Debrief: April 2024
In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.
Did You Know: Q1 Leaderboards and DOTY Awards
Did you know that the CEE Q1 leaderboards are available through the Activity Rankings function of the CEELMDirect website?
Wolf Theiss Advises Allianz Bank Bulgaria on Synthetic Securitization Agreement with EIB Group
Wolf Theiss, working with Clifford Chance, has advised Allianz Bank Bulgaria on the review, negotiations, and regulatory compliance of a synthetic securitization agreement with the European Investment Bank Group.