Blog

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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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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