Archive for April, 2003

Bulgaria’s Largest Investment Project Inaugurated

Wednesday, April 9th, 2003

At an official ceremony on April 9, 2003 the start of the implementation of the Maritsa East 3 Project was celebrated. The ceremony was attended by the Prime Minister of Bulgaria, the Deputy Prime Minister, ministers and ambassadors. The project involves modernization of the 4 existing power generation units of the Maritsa East 3 power plant, including an investment worth EUR 580 million. The project is recognized as the largest single investment in the country to date and a benchmark for the increasing confidence of foreign investors in the Bulgarian economy. Borislav Boyanov & Co. acts as Bulgarian counsel to ENEL S.p.A. – the principal sponsor of the project.

The ENEL Group is the largest energy group in Italy, with foremost position in electricity production, distribution and transmission of electricity. Other participants in the project are Entergy and the Bulgarian National Electricity Company. The financing of the project is provided by the EBRD, Bulbank and a consortium of major international and Bulgarian banks.

Borislav Boyanov & Co. to Participate in IBA Business Law and National Identity Conference

Tuesday, April 8th, 2003

Between June 15-18, 2003 in Vilnius, Lithuania, a conference under the title Business Law and National Identity, presented by the Eastern European Forum of the International Bar Association’s Section on Business Law will be held. The Conference will be co-chaired by Senior Vice-Chairs of the IBA EEA Borislav T. Boyanov of Borislav Boyanov & Co. and Rolandas Valiunas of Lideika, Petrauskas Valiunas & Partners. The conference will center on the place national identity has in a legal environment driven by globalization and European integration, and review aspects including law and politics in takeover legislation, forces shaping corporate law, corporate governance issues, national interest and freedom of trade etc. Borislav Boyanov & Co.’s Raina Dimitrova will speak at the session focusing on state aid in the European Union of 25 countries.

Borislav Boyanov & Co. Act in the Acquisition of Radisson SAS Grand Hotel

Monday, April 7th, 2003

Borislav Boyanov & Co. acted as counsel to Gort Securities, a UK Corporation, in the successful acquisition of Radisson SAS Grand Hotel in Sofia. The recently renovated hotel, located opposite the buildings of Parliament, is one of foremost luxury hotels in Sofia, having 136 rooms and suites, all tastefully decorated and equipped to the very highest standards, along with restaurants, bars and other luxury facilities.

Radisson SAS Grand Hotel