Category Archives: news

Spasov & Bratanov acted as legal counsel to a syndicate of lenders with regard to an up to EUR 365 million senior, secured financing arranged by Citibank N.A., London Branch and VTB Bank (Europe) SE and with Citibank Europe plc, UK Branch acting as Agent,  provided to the Bulgarian telecommunications Company EAD for the purposes…
Read more

The litigation team of Spasov & Bratanov successfully defended a major bank against a client’s claim for compensation of circa BGN 290 thousand due to alleged unauthorized access to the client’s safe box with that bank. This was the third similar case with favorable outcome for the bank achieved with the assistance of S&B. The bank…
Read more

Our corporate practice is again gaining the spotlight on the Bulgarian M&A market as we advised Modern Times Group AB on the Bulgarian law aspects of its divesture of Nova Broadcasting Group AD with Allen & Overy acting as lead counsel as to English law. Nova is a Bulgarian commercial media group consisting of several…
Read more

As part of the BNP Paribas group strategy to simplify the legal structure of the personal finance activities and to generate synergies between its operations in the CEE, alongside with Allen & Overy Paris, we advised BNP Paribas Personal Finance S.A. on all aspects of its cross-border merger with its Bulgarian subsidiary BNP Personal Finance…
Read more

Catching on the rising real estate wave, we acted for the investing stakeholders on the sale of two office buildings in Sofia to WING Zrt. - a leading Hungarian office space developer. Notably one of the buildings is in the area of the up and coming Sofia Tech Park. The complex transaction which closed just…
Read more

ENERGO-PRO a. s. issued EUR 370,000,000, 4.00 per cent. Guaranteed Notes due 2022, listed on the Irish Stock Exchange, guaranteed by issuer’s subsidiaries including the Bulgarian ENERGO-PRO VARNA EAD. Our capital markets practice had the opportunity to assist the process acting as a legal advisor of the joint bookrunners Citigroup Global Markets Limited and J.P.…
Read more

Spasov & Bratanov advised and represented CEZ Razpredelenie Bulgaria AD on its appeal of a decision Competition Protection Commission, imposing a fine of BGN 1.25+ million towards alleged breach of Art.21 of the Competition Protection Act. The company, represented by Kremena Yaneva-Ivanova and Georgi Spasov, successfully refuted at the court the allegations that the company…
Read more

Dear Colleagues and Partners, This year we donated the funds for Your greeting card to the children in the Family-type accommodation unit for children and youngsters with disabilities in the town of Pernik and we helped for the treatment of a sick child abroad. We wish you Merry and Bright Holiday Season and Successful New…
Read more

On 21 November 2017 five-member panel of the Supreme Administrative Court announced its Decision No. 14059, through which it confirmed the decision of the three-member panel of the same court ruling that Energo-pro Grid AD did not abuse its dominant position by imposing excessive prices for the use of the poles of its electricity distribution…
Read more

Since the partnership’s incorporation, we are on the forefront of many of the most complex legal transactions on the Bulgarian market, but we finally found some spare time to work on our new website. Since you are here, explore our new practices section to find out more about what we do, check the resumes of…
Read more