Category Archives: news

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.…
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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…
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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…
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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…
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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…
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On the premiere leveraged finance transaction on the Bulgarian market in 2017, we acted for all finance parties, including the Co-Arrangers (Rabobank Antwerp, BNP PARIBAS S.A. – Sofia Branch, UniCredit Bulbank AD and ING Bank N.V. – Sofia Branch), the Agent (Citibank Europe plc, UK Branch) and the Security Agent (Citibank N.A., London Branch) in…
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The European Bank for Reconstruction and Development is a longstanding client of the Partnership. So far in 2017 we acted for EBRD on no less than three cross border deals. In a very tight timeframe, where swift fulfillment of the conditions precedents to disbursement was crucial for the borrower, a team of three lawyers, lead…
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A team of lawyers, lead by our very experienced Counsel Nadia Hadjova advised the European Bank for Reconstruction and Develepment in relation to a EUR 20,000,000 secured loan to Teklas - Bulgaria EAD and its Serbian affiliate. The auto industry giant (which is among the largest 100 companies in Bulgaria) will use the monies to…
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A team of top members of our competition law and litigation practices has successfully defended Bulgaria Air, the national air carrier of the Republic of Bulgaria, against the complaint of a travel agency for abuse of a stronger bargaining position. The Competition Protection Commission found that all allegations against our client were unfounded and thus…
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Our competition team, involving Georgi Spasov and Kremena Yaneva-Ivanova, has successfully assisted Energo-Pro Sales, the public electricity supplier in the North-East Bulgaria, in its court appeal against a decision of the Competition Protection Commission by which the company was fined some BGN 1.6 million for abuse of dominance. Following three-year and a half court proceedings,…
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