Archive for the ‘News’ Category

BOYANOV & Co. is a Top Trademark Firm in 2017 Rankings of the World Trademark Review 1000 and IP Stars

Tuesday, February 21st, 2017

BOYANOV & Co. has received the top Gold Band and Tier 1 rankings for leading trademark firms in the newly published listings of the two most reputable legal directories for IP practitioners: World Trademark Review 1000 and IP Stars.

In its 7th edition released in 2017 the WTR 1000, which traditionally recommends only the best of the trademark scene, shines a spotlight on the firms and individuals that are deemed outstanding in the IP area from over 70 key jurisdictions worldwide.

In a country, like Bulgaria, where practical reinforcement of IP rights remains a challenge, BOYANOV & Co. has deserved praises for its “leading reputation”, thanks to its “superb knowledge of the law”. The IP team of BOYANOV & Co. is further recognized as “very responsive, hands-on and committed to getting the best results for clients”.

Based on pertinent comments from clients and competitors, WTR 1000 individually appraised the strengths and merits of several IP practitioners from the firm, among which: the WTR 1000 neophyte Marina Mollova, who took the lead in representing Metro-Goldwyn-Mayer Studios in a significant opposition proceeding before the BPO; Stela Sabeva who is “particularly skilled in handling international clients and explaining court processes that are hard to understand as a foreign lawyer. Her English is on a par with that of any native speaker”; Assisting LVMH Group on customs seizures of counterfeit perfumes and watches, Kina Chuturkova is a “strong litigator who considers all angles of a matter and then provides robust advice”; and Natasha Andreeva “truly understands the legal process. She has excellent contacts and always knows who to call. She is very experienced when it comes to technicalities”.

The well-respected publisher in IP industry, the IP Stars handbook of the Managing Intellectual Property, that has been researching IP firms since 1996 and Bulgaria, for a first-time this year, has awarded BOYANOV & Co. the prestigious Tier 1, following an extensive six-month research.

IP Stars Tier 1 17 logo

Creditors secured by a special pledge can no longer enforce their pledge after the opening of insolvency proceedings of the pledgor

Friday, February 17th, 2017

At the end of 2016 the rules on the most widely used type of pledge in Bulgaria (the so called “special pledge”, i.e. a pledge where the pledged assets remain in the possession of the pledgor) were changed. One of the changes restricts the possibility of the secured creditor to sell the pledged assets in a private enforcement sale.

Prior to the amendments the secured creditor was able to privately sell the pledged assets even after the opening of insolvency proceedings of the pledgor, regardless of whether the secured creditor had commenced the enforcement before that. After the amendments the secured creditor is no longer able to sell privately the pledged assets after the opening of insolvency proceedings of the pledgor, if the private sale did not start prior to the opening of the insolvency proceedings.

This reduces the flexibility of secured creditors to sell privately the pledged assets even after insolvency proceedings of the pledgor have been opened. Secured creditors should therefore commence private enforcement as soon as an insolvency petition against the pledgor is filed to be able to keep this option open for them. Hence, secured creditors should put in place a mechanism to follow regularly for insolvency petitions against their pledgers.

Borislav Boyanov Sees Signs for Optimism in Bulgaria’s Economic Buzz

Monday, January 23rd, 2017

Mr. Borislav Boyanov, the Managing Partner of BOYANOV & Co. shared optimistic expectations for the prospects for Bulgaria’s economic development, in an interview before CEE Legal Matters, the legal magazine offering in-depth analyzes on Europe’s emerging markets.

Mr. Boyanov points out that the 3.4% growth rate of GDP in 2016 is a positive indication, against the situation in other EU countries. Despite the FDI decrease, explained with the overall cautiousness of foreign investors in Europe, as well as other global and regional factors affecting the economic environment in the country, BOYANOV & Co. still reports 2016 to be one of its most productive years.

To read the  interview, please follow the link

Amendments to the Commerce Act

Friday, December 30th, 2016

On 30 December 2016 the insolvency laws have been amended by introducing a new (refutable) presumption of insolvency – failure to file in the Commercial Register the annual financial statements for the last 3 years prior to filing an insolvency petition.

In this connection a company that has failed to file its financial statements in the Commercial Register in the last 3 years is advisable to do so as soon as practicable.

The Indian-Bulgarian Business Chamber (IBBC) Signed a Memorandum of Understanding with the Largest Business Organization in India – FICCI

Wednesday, December 7th, 2016

The Indian-Bulgarian Business Chamber (IBBC), represented by its Chairman, Mr. Borislav Boyanov, signed a Memorandum of understanding with the oldest and most influential business organization in India, the Federation of Indian Chambers of Commerce & Industry (FICCI), during the 3rd „India-Europe 29 Business Forum“ held in New Delhi, India on December 7 – 9, 2016.

The Indian-Bulgarian Business Chamber in cooperation with the Ministry of Economy of Bulgaria and the Embassy of India in Bulgaria arranged the official visit of the Bulgarian delegation to the “India- Europe 29 Forum”, organized by FICCI as an institutionalized platform to promote multifaceted engagements with European economies and strengthen bilateral economic, scientific and technical partnership between India and the European countries.

The members of the Bulgarian delegation headed by Mr. Boyanov, which was the largest among other participants, took part in a number of B2B meetings with leading Indian companies from the information technologies, telecommunications, consulting services, FCGM, healthcare, hospitality and tourism and other industries seeking collaboration with Bulgarian counterparts.

The high-level participation in the Forum was marked by the presence of senior ministers, ambassadors and business leaders from Europe and India.15284964_1141056002660406_7717982412803788107_n15327271_1141055999327073_9867224455185440_n

BOYANOV & Co. in Support of “Start It Smart” Pre-Accelerator Programme for Young Entrepreneurs in Bulgaria

Monday, November 28th, 2016

BOYANOV & Co. delivered a presentation on “Intellectual Property Rights in Bulgaria” as part of the series of coaching workshops provided under the Start It Smart Pre-Accelerator training and mentorship programme, aiming to educate and support young Bulgarian entrepreneurs who wish to develop their own unique ideas into successful businesses startup.

During the seminar, held on 25 November 2016 at Sofia Tech Park, BOYANOV & Co.’s IP experts Stela Sabeva, Co-Head of IP Department (Trademarks), and Nikolay Zisov, Partner, covered the full spectrum of intellectual property subject to IP protection, including trademarks, patents, company and domain names, industrial design, copyright, “know-how” and business information (trade secrets), as well as the requirements and related legal procedures for their registration in order to ensure adequate legal protection and thus enable young innovators and business owners to earn recognition and benefits from what they invent or create.

The seminar is a part of BOYANOV & Co.’s Pro Bono initiative in support of technology startups and business development in Bulgaria.

Download the IP Rights Presentation

Borislav Boyanov Ranks Among the World’s Foremost Practitioners in Who’s Who Legal: Private Clients 2016

Friday, November 25th, 2016

For another year Mr. Borislav Boyanov, Managing Partner of BOYANOV & Co., has been the only Bulgarian nominee ranked in Who’s Who Legal: Private Clients 2016 among the most highly regarded lawyers worldwide.

The repeated prestigious nomination comes as a recognition for the proficiency, professionalism and impeccable credentials earned over a career of more than 32 years of counselling clients on a wide range of private legal matters.

Who’s Who Legal: Private Client 2016 has revealed 531 private client specialists, listed from 244 leading law firms across 51 jurisdictions, who can truly be considered leaders in the field. The analysis is based on the opinions of law firm clients and environment experts from around the world.

Who’s Who Legal is a publication of the Law Business Research Limited London, an independent multi award-winning publisher of research, data and analysis on business law and international legal markets. It is impossible to buy entry into this publication.

WWL Private Clients 2016 Cover

BOYANOV & Co. Advises on the Largest Corporate Bond Issue in Bulgaria

Tuesday, November 15th, 2016

BOYANOV & Co. advised the lead manager of the largest corporate bond issue (€130 million) in Bulgaria. The issuer, Energo-Pro Varna, is a holding company of several large energy companies in Bulgaria, including the electricity distribution company in Northeast Bulgaria. Energo Pro Varna is a subsidiary of Energo Pro a.s., Czech Republic, one of the fastest growing energy groups in the EU.

The bonds, which have a 7-year maturity and are expected to be listed at the local stock exchange, have been subscribed by IFIs, banks, pension funds and asset managers. The proceeds will be invested in improving the network and quality of services of Energo Pro.

For more information, please visit

http://www.reuters.com/article/bulgaria-bond-energopro-idUSL8N1DG30M

http://www.capital.bg/biznes/kompanii/2016/11/16/2865405energo-proizdadenai-goliamatachastna_emisiia/

BOYANOV & Co. Keeps the High-rankings in IFLR 1000 2017

Saturday, October 15th, 2016

BOYANOV & Co.’s first-rate performance and solid position on the market have been confirmed once again with the results of the latest IFLR 1000 research. In both 2017’s Guides for world’s leading law firms – Financial and Corporate (Banking and Finance, M&A), and Energy and Infrastructure (first-time research for Bulgaria), BOYANOV & Co. has been ranked a Top Tier Firm.

Financial and corporate reviewers state that “The firm is a yardstick for the market and is found on some of the most significant mandates”. “Boyanov & Co.’s strength lies in understanding the details of Bulgarian securities law and implementing securities registrations.”, comments a client who worked on corporate and capital market matters. A key change marked during the research period is the arrival of Georgi Drenski who joins from Crédit Agricole. There is also a gracious appreciation by clients for Ralitsa Nedkova: “Ralitsa is very competent, has good attentions to detail and really does an extra mile to satisfy her clients. Highly recommended, especially for real estate-related projects.

The expertise of the firm’s Energy and Infrastructure practices in oil, gas, nuclear and renewable energy projects, disputes advice and construction law is highly regarded by both analysts for Central and Eastern Europe and customers, who comment: “Excellent firm, the top in Bulgaria. Very good, solid know-how in the energy and infrastructure space,”.

Five practitioners are individually recognized as leading figures in the CEE market:

Managing Partner, Mr. Borislav Boyanov is featured a Leading lawyer in Competition and M&A (Energy, Real estate, Technology and telecommunications sectors); Mr. Yordan Naydenov, Head of Corporate and M&A is a Leading lawyer in M&A (Financial Services);  Mr. Damian Simeonov, Head of Banking and Finance is a Leading Lawyer in Banking (Financial Services, Technology and Telecommunications); Mr. Alexander Chatalbashev, Head of Energy and Natural Resources is ranked a Leading lawyer in Banking (Energy, Financial services), Ms. Svetlina Kortenska, Counsel, is a Rising Star in Capital Markets and M&A (Energy and Financial services).

The IFLR 1000 has provided financial and corporate law-firm rankings and legal-market analysis for 27 years in 120 jurisdictions based on three key factors: client feedback, transactional evidence, and peer feedback to enable readers to make informed choice of a legal counsel.

888d4a29-3535-48df-884a-2c0e39d00cda

Borislav Boyanov is Nominated Again this Year as One of the World’s Leading Practitioners in Who’s Who Legal: M&A and Governance 2016

Monday, August 29th, 2016

Mr. Borislav Boyanov, Managing Partner at BOYANOV & Co., is again the only Bulgarian lawyer regularly nominated by his peers as one of the world’s leading practitioners in the field of M&A and Governance by Who’s Who Legal.

Who’s Who Legal: M&A and Governance 2016, published by Law Business Research Ltd., is a result of the opinions of law firm clients and M&A and corporate governance lawyers from around the world. The research has revealed over 1,601 experts from more than 454 firms across 89 countries who are considered leaders in the field of M&A and Governance.