Category Archives: news

Bulgarian competition watchdog - CPC, has released a statement on how it intends to apply the competition rules during the COVID-19 crisis. At first place, CPC announces that it shares the common position of the European Commission and the NCAs from ECN member states (available at https://ec.europa.eu/competition/ecn/202003_joint-statement_ecn_corona-crisis.pdf). While the market operators are reminded that competition law…
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Undoubtedly, the coronavirus pandemic affects seriously various businesses across Europe and worldwide. The Bulgarian Parliament, similarly to other European counties, declared a state of emergency and adopted special legislation. Spasov & Bratanov, as a member of ADRIALA, contributed to the preparation of several comparative legal guides, outlining  the impact of COVID-19 pandemic outbreak on Insurance, Banking…
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Spasov & Bratanov successfully defended a client against allegations of abuse of a stronger bargaining position  Kremena Yaneva – Ivanova, Senior Associate, with the support of the Managing Partner Georgi Spasov, acted for Nova Broadcasting Group EAD (“Nova”), a major TV operator, in two cases at the Bulgarian competition authority formed upon complaints of several…
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Spasov & Bratanov acted for Nova and Net Info in a landmark antitrust case Any success of our clients is important to us, but this case was of particular interest for the whole industry. CPC investigated the marketing policy of Nova Broadcasting Group EAD (“Nova”) and its affiliate Net Info AD regarding the so-called “cross-media…
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CPC’s Christmas “present” Bulgarian competition authority (CPC) approved a new template of merger notification and guidelines on its contents, effective as from 1 January 2020. At first look it appears that the new guidelines significantly expand the scope of necessary information, including by requiring the parties to provide economic assessments on how the markets functions.…
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Dear Colleagues and Partners, This year we again opted not to send you paper-backed greeting card, and contributed the funds to help with the treatment of two children. We also donated 4 computers to a  Primary School in Sofia and await indication how to best contribute to Albania, recently hit by disaster. We wish you…
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Spasov & Bratanov contributes to the Seventh edition of Dominance and Monopolies Review 2019   Georgi Spasov and Kremena Yaneva – Ivanova have authored the Bulgarian chapter of the Seventh edition of Dominance and Monopolies Review 2019. The Dominance and Monopolies Review is a ‘year in review’: a practical, business-focused analysis of recent changes and…
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Bulgarian Authority on Indemnification for Breach of R&Ws Bulgarian law of contract does not expressly recognize representations and warranties (“R&Ws”) nor the consequences of their breach, including related indemnification. While well-established and undisputed contractual mechanism in the international M&A practice in English law-governed share-purchase agreements (“SPA”), until now such liability had not been tested with…
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We are pleased to announce that a case of our stellar litigation team under the Act for Combating the Corruption and Confiscation of Illegally Acquired Property gave an opportunity of the Supreme Court of Cassation to clarify the procedural law in an  important court ruling concerning the application of Article 631, para 1 of the…
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Spasov & Bratanov acted as a local counsel for MTG (in support of Allen & Overy, a leading international counsel, and the M&A team of MTG) and provided Bulgarian law advice on the sale of their shareholding in Nova Broadcasting Group (“Nova”) in Bulgaria to Advance Media Group. Nova is a national TV broadcasting operator…
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