Blog

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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After more than 17 years with the firm Ms Jana Djambazova has retired as partner at Spasov & Bratanov Lawyers' Partnership, effective January 2019.
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Dear Colleagues and Partners, This year we donated the funds for Your greeting card to two children and we helped for their treatment. We wish you Merry and Bright Holiday Season and Successful New Year 2019!
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The litigation team of Spasov & Bratanov successfully defended before the Supreme Court of Cassation a company against a claim of a bank in bankruptcy on the legal grounds of Art. 59, para 3 in relation to para 4 of the Bank Bankruptcy Act for invalidation of set-offs in amount of BGN 12,169,119. This decision…
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Spasov & Bratanov advised Bulgarian Energy Holding EAD as to the Bulgarian law on its issue of EUR 400,000,000, 3.500 per cent. Bonds due 2025, listed on the Irish Stock Exchange, including with respect to the intended subsequent dual listing of the Bonds on the main market of the Bulgarian Stock Exchange. The team was…
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