Blog

Spasov and Bratanov was once again entrusted with providing legal support to ImVenture II KDA, one of the major private investors in Bulgaria in connection with its acquisition of a minority stake in SoCyber OOD. Its latest investment was in the field of cyber security and online protection. Acknowledging that innovative technologies are the future,…
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Spasov & Bratanov advised NPM Investments XI B.V. in relation to Euro 125 million public to private financing for the acquisition of the entire capital of ICT Group, headquartered in the Netherlands and operating in Benelux, Sweden, Germany, Portugal and Bulgaria. NPM Investments is part NPM Capital Fund, an investment fund in existence since 1948,…
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Spasov & Bratanov successfully assisted the initial public offering of the online betting and gambling company Telematic Interactive Bulgaria by providing legal advice to Sofia International Securities – investment intermediary for the offering, and to the consultant of the offering Primo Siglo. Ina Raikova, Senior Associate, was the lead lawyer on this project. Date: February…
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Spasov & Bratanov successfully assisted Inercom Bulgaria with its appeal against the CPC’s prohibition to acquire the Bulgarian business of CEZ In July 2018, CPC prohibited our client Inercom Bulgaria to acquire the Bulgarian business of CEZ. Three years and a half later, on 28 January 2022 a five-member panel of Supreme Administrative Court upheld…
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Spasov & Bratanov is proud to have assisted Allterco JSC in its listing at the Frankfurt Stock Exchange (the ever first direct listing of the shares of a Bulgarian listed company at a German regulated market), by way of issuing legal opinion on Allterco JSC in the format, acceptable for the Frankfurt Stock Exchange, which…
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Spasov & Bratanov advise on the acquisition of 5 HPPs by Akuo Energy (France) Akuo Energy, a leading French-based IPP in renewable energy, which already owns four hydro power plants in Bulgaria, has completed the acquisition of PVB Power Bulgaria AD which owns five hydro power plants along the Iskar River in Bulgaria. Spasov &…
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The partnership represented Shell Bulgaria in seeking and obtaining a merger clearance for the acquisition of 4 petrol stations from Litex Commerce. These petrol stations in question were part of Shell’s chain of petrol stations in Bulgaria for more than 22 years, operated under long-term usage right and the notified transaction was about Shell paying…
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Spasov & Bratanov contributed to the 8th edition of The Dominance and Monopolies Review For another year Kremena Yaneva - Ivanova and Georgi Spasov are members of The Law Reviews leading panel of contributors and have authored the Bulgaria Chapter in the 8th edition of The Dominance and Monopolies Review. The Dominance and Monopolies Review…
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Our team has advised on a complex multi-jurisdictional enforcement and specifically on the sale of assets of the Bulgarian divisions of the bankrupted Ecophos and Aliphos Groups, international producers of phosphorus products.  We were tasked by a syndicate of banks, led by KBC Bank, to provide support with various issues pertaining to the enforcement, including…
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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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