Archive for the ‘News’ Category

The Chairman of the Bulgarian Association of the Honorary Consuls Borislav Boyanov along with the EU Council President Donald Tusk was awarded by Malta to mark Republic Day

Thursday, December 14th, 2017

At Republic Day, 13th December 2017, at Grandmaster’s Palace, the President of Malta Marie-Louise Coleiro Preca, on the advice of the Prime Minister, presented National Awards to former ministers, speakers of the parliament and other distinguished members of Maltese society of honor. Three foreigners were made honorary members of the National Order of Merit: Donald Tusk – EU Council President was bestowed for strengthening relations between Malta and the EU particularly during the Maltese presidency, Borislav Boyanov – Honorary Consul in Bulgaria for fostering bilateral relations, and Jubran Tawell – former Palestinian Ambassador and Dean of the Diplomatic Corps.

“It is a great honor to serve the people of the Maltese Islands and to become an honorary member of the Merit. I accept this highest award as recognition of the successful development of the relations between Malta and Bulgaria” – Mr. Boyanov commented.

Boyanov is the Chairman of the Association of the Honorary Consuls in Bulgaria, the Indian Bulgarian Business Chamber, the South East Europe Legal Group and the newly-formed Malta Bulgaria Chamber of Commerce.

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Two partners from Boyanov and Co. with merit awards to SBA

Thursday, November 2nd, 2017

The Managing Partner of Boyanov & Co. Borislav Boyanov and the Partner in charge of the Litigation Dispute Resolution practice Kina Chuturkova received special awards for merits to the Sofia Bar Association and on the occasion of its 120th anniversary. The prizes were presented by the chairman of the SBA, Ivaylo Danov.

In 1897, the first General Meeting of the Sofia lawyers was held. It marked the beginning of the independent existence and autonomy of the Sofia Bar Association, and the first Bar Council was elected.

The Association of the Honorary Consuls in Bulgaria Signs a Memorandum of Cooperation with the Ministry of the Bulgarian Presidency of the EU Council

Wednesday, November 1st, 2017

Today, November 01, 2017, the Minister in charge of the Bulgarian Presidency of the EU Council, Ms. Lilyana Pavlova and the President of the Association of the Honorary Consuls in Bulgaria and Honorary Consul of Malta, H.E. Mr. Borislav Boyanov, signed a Memorandum of Cooperation for the forthcoming Bulgarian Presidency of the European Union.

The Memorandum aims to strengthen relationships and establish close collaboration in order to ensure the best representation of Bulgaria and support the government in attaining the supranational EU goals set out for the Bulgarian EU Presidency mandate which starts in January 2018. Bulgaria will hold the rotating presidency for a first time and joint efforts will be directed to promote its image of a country with significant potential and extensive opportunities for foreign investment and development of tourism.

The Association of the Honorary Consuls will provide support for the preparation work and activities, the implementation and popularization of the priorities and accomplishments of the Bulgarian Presidency through exchange and dissemination of information, expert advice and consultations, studies and analyzes, as well as participation in events on the Presidency calendar.

The Association of Honorary Consuls in Bulgaria was established in 2004 in Sofia and works in cooperation with the European Association of Honorary Consuls based in Brussels.

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BOYANOV & Co. Consults a UK-listed Company on Investment in a Landmark Building in Sofia

Monday, October 23rd, 2017

BOYANOV & Co. provided full legal support to the UK-listed company BSP PLC to acquire the iconic building at the corner of Rakovski Str. and Ivan Vazov Str. in the very heart of Sofia. The building was designed in the beginning of the 20th century by the famous architect Nikola Lazarov and is registered as an architectural monument. Its last owner, UniCredit Bulbank acquired the building after the double merger of HVB Biochim and Hebros bank (the legal side of that merger was handled by Boyanov & Co.) several years ago.

BSP PLC plans to refurbish the building and thus further develop and increase its value as a vital element of Sofia’s dynamic business centre.

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Boyanov & Co. Advised on the Acquisition of The Mall Shopping Centre

Thursday, October 5th, 2017

BOYANOV & Co. assisted the UK-based Hystead Limited (”Hystead”) and its 100%-owned subsidiary Balkan Retail NV to successfully close the acquisition of all shares in the Bulgarian company AP Retail I EOOD, which owns The Mall shopping centre. The deal’s value amounts to a total of Euro 156 million. The Mall is regarded as one of the best shopping centres in Bulgaria. It provides approximately 52 000m² of GLA, and has around 200 tenants including Zara, Peek & Cloppenburg, H&M, New Yorker, Mango, Deichmann, etc.

Boyanov & Co. team, led by the partners Yordan Naydenov and Nickolay Nickolov, assisted the buyer throughout the acquisition process and secured fast, safe and effective closing and assumption of control by the buyer.

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Borislav Boyanov Chaired the International Conference “The Association of the Honorary Consuls in Bulgaria in support of the Bulgarian EU Presidency” attended by Minster Lilyana Pavlova

Thursday, September 28th, 2017

The President of the Association of the Honorary Consuls in Bulgaria, Mr. Borislav Boyanov chaired the International conference hosted by the Association to spotlight the Association role for support to the Bulgarian EU Presidency.

The Minister in charge of the Bulgarian EU 2018 Presidency and Guest of Honour to the event, Mrs. Lilyana Pavlova, outlined before the delegates – ambassadors, politicians and business representatives, the Presidency priorities that will have a special emphasis – the Western Balkans and the young people. In her address she stated that the hot issues to be discussed during the Bulgarian Presidency, include security, migration, integration, the energy union, measures for climate. The government wishes that the Presidency which has the motto “United We Stand Strong” to be not only Bulgarian, but also Balkan. On his part, Mr. Borislav Boyanov, President of the Association and Honorary Consul of the Republic of Malta, highlighted the importance of the Association support to the Presidency saying that: “The main activities of the Honorary Consuls aim both at developing trade and economic ties, and enriching the cultural and scientific relations between the countries. Consuls are a valuable diplomatic resource and will become an active instrument of bilateral foreign policy.”

Bulgarian Presidency mandate starts on 1 January 2018. The Presidency will be responsible for the preparation, coordination and leadership of all meetings of the Council of the EU and its supporting bodies and structures. If carefully planned and utilized, the Presidency mandate will provide Bulgaria with the opportunity to put forward some of its strategic priorities into the political agenda of the European Union. HCons Conference

BOYANOV & Co. advises Leasing Finance EAD on the Acquisition of 100% of TBI Rent EAD

Monday, July 10th, 2017

BOYANOV & Co. advised the Bulgarian Leasing Finance EAD (www.leasingfinance.bg), former Piraeus Leasing AD, on the acquisition of 100% of the capital of TBI Rent EAD (http://www.tbirentacar.com/en/) from TBI Bank EAD.

TBI Rent is a leading Bulgarian provider of operating lease and rent-a-car services.

The acquisition will allow Leasing Finance to expand its leasing services portfolio and strengthen its positions on the rapidly growing market of operating lease, rent-a-car and fleet management services.

The team of BOYANOV & Co. was led by our partner Nikolay Zisov.

BOYANOV & Co. Boyanov & Co. advises Silver Star Group on the Acquisition of Real Estate and Other Assets from Vienna Real Estate / Balkan Star Group

Monday, July 10th, 2017

Boyanov & Co. has advised Silver Star Group in its acquisition of group of assets and services related to the Mercedes-Benz distribution business in Bulgaria from Vienna Real Estate / Balkan Star Group.

Silver Star Motors EAD was appointed by Daimler AG as General Distributor for the sale of Mercedes-Benz trucks, cars, commercial vans, Evobus, Fuso trucks, Maybach and Unimog in Bulgaria, commencing 1 April 2017. In the process of setting-up its distribution network in Bulgaria, Silver Star Group has agreed to purchase from Vienna Real Estate and Balkan Star Group (the former Mercedes-Benz distributor in Bulgaria) certain real estate and movable assets. In an agreed complex of individual transactions Silver Star acquired from Vienna Real Estate and Balkan Star two showrooms in Varna and Plovdiv and certain movable assets and inventory. The parties also agreed on the rent of showroom in Sofia and the provision of certain services by Vienna Group to Silver Star Group.

Boyanov & Co. team provided full legal support and assistance to Silver Star Group in the structuring, negotiations, signing and closing of the group of transactions, including the bank financing aspects of the deal. The team was led by the partners Nikolay Zisov and Nickolay Nickolov. Georgi Drenski, Senior Associate, advised on the bank financing aspects of the transactions.

Borislav Boyanov is the Only Bulgarian Lawyer Nominated by Who’s Who Legal: M&A and Governance 2017

Thursday, June 15th, 2017

Our Managing Partner, Mr. Borislav Boyanov, remains the only Bulgarian legal practitioner who’s earned inclusion in the Who’s Who Legal – M&A and Governance 2017 guide. He is highlighted to be among the standout lawyers from around the world known for their abilities and expertise assisting clients with high-value M&A transactions, equity deals, joint ventures, shareholder issues, governance matters and other aspects of company law.

Based on the opinions of law firm clients and M&A and governance experts, each year Who’s Who Legal publishes listings of individuals and firms that have performed exceptionally well. This year results are fruit of a month long in-depth marketplace research of the corporate transactions, covering 1407 lawyers from 459 firms and 85 countries. The names and contact details of all experts whose nominations are accepted are listed without charge.

Who’s Who Legal is a publication of the Law Business Research, an international legal publishing company based in London doing research and business law analysis.

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BOYANOV & Co. Advises NBG on the Sale of United Bulgarian Bank and Interlease to KBC

Wednesday, June 14th, 2017

Freshfields together with BOYANOV & Co. as local counsel advised NBG on the biggest banking deal of 2016 – the sale of United Bulgarian Bank and Interlease to KBC for a total consideration of EUR 610 million. On 13 June 2017 the sale of the Bulgarian NBG group entities was successfully closed after a year of preparation including buyer due diligence analysis, regulatory notifications and permissions, and preliminary internal ownership reorganization. The acquisition of fourth-largest bank in Bulgaria significantly strengthens KBC’s position on the local market.

The complexity of transactions involved the consolidation within the UBB group and the indirect acquisition by KBC of the insurance, insurance brokerage, asset management, leasing and factoring businesses, as well as loan investments of NBG Group in Bulgaria.

BOYANOV & Co.’s team on the deal is led by the Managing Partner Borislav Boyanov, Svetlina Kortenska, Counsel and Ilina Maltzeva, Associate.

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