CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
CMS has advised Zagrebacka Banka on the refinancing of Mlinar Group’s existing debt in connection with Bosquar Invest’s acquisition of a 67% indirect stake in the company. Savoric & Partners and A&O Shearman reportedly advised Mlinar and Bosquar Invest.
CMS has advised AB Investment Group on the licensing process before the Bulgarian Energy and Water Regulatory Commission for its 27-megawatt PV and 24-megawatt-hour BESS Albena Solar Project.
Bulgarian’s electricity transmission system operator (ESO EAD) has published its ten-year network development plan (TYNDP), subject to final approval by the Bulgarian Energy and Water Regulatory Commission (EWRC), which has made the 400kV network the backbone of the electricity transmission network in Bulgaria, whose geographical location suggests there will be great commercial interest in using its transmission network for electricity transit.
Moravcevic Vojnovic and Partners in cooperation with Schoenherr has advised the shareholders of Baupartner on the sale of an 80% equity stake to a joint acquisition vehicle formed by Molins and Titan. CMS and RRH Legal Sarajevo advised Molins and Titan.
CMS, working with Cyprus-based Michael Damianos & Co, has advised ING Bank on a pre-export finance facility provided to a Ukrainian agricultural group.
RTPR and Allen Overy Shearman Sterling have advised OX2 on the sale of the 96-megawatt Ansthall onshore wind farm in Galati County, Romania, to Helleniq Renewables. CMS reportedly advised the buyers.
Cobalt, working alongside Clifford Chance, has advised the European Investment Bank, the European Bank for Reconstruction and Development, and SEB on a EUR 85 million financing package for Sunly. Sorainen, working with CMS, advised Sunly.
Dentons has advised the Board of Directors of Purcari Wineries on the RON 604 million public takeover bid launched by Maspex Romania. Schoenherr advised the founders of the winery. CMS, working with Turcan Cazac and Georgiades & Pelides, advised Maspex. Norton Rose Fulbright advised PKO Bank Polski on a loan facility to Maspex Romania to support the acquisition.
White & Case has advised Montagu on its acquisition of IAI Group from MCI Capital ASI and founders Pawel Fornalski and Sebastian Mulinski. Dubinski Jelenski Masiarz reportedly advised the sellers.
CMS has advised Bonafarm Group on its acquisition of a 97.57% stake in FrieslandCampina Romania from Royal FrieslandCampina.
White & Case and Bondoc si Asociatii have advised a syndicate of eight commercial banks and international financial institutions on the EUR 331 million financing of the second phase of the VIFOR wind farm project in Romania, currently being developed by Rezolv Energy, an Actis platform.
ODI Law has advised GrECo on its acquisition of SIPOS Posredovanje Zavarovanj. CMS advised the sellers, Jurij and Majda Mravlja.
CMS, working with Clifford Chance, has advised UniCredit Group and Zagrebacka Banka on the EUR 550 million debt refinancing granted to Fortenova Grupa. King & Spalding reportedly advised Fortenova Grupa.
CMS has advised Callstack shareholders Anna Lankauf, Mike Grabowski, Piotr Karwatka, and Tomasz Karwatka on an investment by Viking Global Investors.
CMS, working with Ashurst, has advised Renalfa IPP on the development of its EUR 1.2 billion investment program in photovoltaic, battery electricity storage systems, and wind projects across Bulgaria, Hungary, North Macedonia, and Romania. The firm also advised on securing a EUR 315 million club loan facility led by the EBRD and backed by an InvestEU loss guarantee. DGKV, and reportedly A&O Sherman and PHH, advised the lenders.
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.
Harrisons has advised the European Bank for Reconstruction and Development on two loans granted in connection with Inn-Flex’s expansion into Serbia.
CMS has advised Central European Petroleum on the development of the Wolin East project, following CEP’s announcement of a discovery of oil and gas reserves in the Wolin East 1 well, located on Polish territory in the Baltic Sea.
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.