Archive for September, 2003

Mr. Borislav Boyanov has been appointed Chairman of SEE LEGAL (The South East Europe Legal Group)

Monday, September 29th, 2003

Mr. Borislav Boyanov has been appointed Chairman of SEE LEGAL (The South East Europe Legal Group). SEE LEGAL is an organization of leading national law firms from South East Europe (“the Region”). The organization fosters cooperation among law firms from the Region and can provide excellent and cost-efficient legal advice through its member firms on all aspects of the business law in the Region. On the 4th of November at 1:30 p.m. in the National Palace of Culture, Sofia, SEE LEGAL will sponsor a roundtable discussion on Important Legal Developments in Southeast Europe, Business and the Law as part of the Southeast Europe Economic Forum, a major economic conference that draws international attention. Mr. Boyanov will moderate a panel consisting of the Bulgarian Minister of Justice Mr. Anton Stankov as well as the managing partners of leading law firms from South East Europe. For more information about SEE LEGAL please visit

Borislav Boyanov & Co. Launches Scholarships Competition

Monday, September 29th, 2003

Borislav Boyanov & Co. launches a competition for granting two annual scholarships for law students from the University of Sofia St. Kliment Ohridski. The terms of the competition will be announced soon on Borislav Boyanov & Co.’s web site and at the University of Sofia.

Bulgarian Parliament Adopts Changes to Constitution

Thursday, September 25th, 2003

On September 25, 2003 the National Assembly of Bulgaria voted unanimously amendments to the Constitution of the Republic aimed at reforming the judicial system in the country en route to EU accession.

National Assembly of Bulgaria

Eligibility Criteria for Participation in the Privatisation of the Electricity Distribution Utilities Announced

Thursday, September 25th, 2003

On September 25, 2003 the Bulgarian Minister of Energy announced the eligibility criteria for the potential bidders for the privatisation of the seven electricity distribution utilities in Bulgaria. The bidders must:

(i) have at least Euro 700 million shareholders’ equity and volume of electricity sold above 7,000 GWh in 2002

(ii) be exposed to at least one liberalised electricity market, defined as “an electricity market, where at least 26.5% of the market was legally declared eligible for competition”, and

(iii) have debt rating of at least “BBB minus”

According to the Minister, the marketing research shows that some 47 companies meet the above criteria. Recently the Minister also announced that 5 companies have already indicated interest in the privatisation of the electricity distribution utilities.

Borislav Boyanov & Co. advises the Government of Bulgaria on the privatisation of the electricity distribution utilities as part of an international consortium led by BNP Paribas.

Borislav Boyanov & Co. Partners Address the IBA Annual Meeting in San Francisco

Thursday, September 18th, 2003

On September 16, 2003 Damian Simeonov (partner at Borislav Boyanov & Co.) was a speaker at a session of Committee Y of the International Bar Association entitled “Strategy of the travel and tourism industry with the impact of the extension of the European Union”. The session was held within the 2003 Annual IBA Conference held in San Francisco between September 14 and September 19, 2003.

On September 18, 2003 Borislav Boyanov (Managing Partner of Borislav Boyanov & Co.) chaired a joint session of the Eastern European Forum (of which Mr. Boyanov is Senior Vice Chair) and Committee D of the International Bar Association entitled “Investment disputes in Central and Eastern Europe – enforcement of judgements and arbitral awards versus sovereign immunity”. The session was held within the 2003 Annual IBA Conference held in San Francisco between September 14 and September 19, 2003.

International Bar Association

Leading South East Europe law firms create ‘SEE Legal’ Regional Group

Monday, September 15th, 2003

2003, September 15, San Francisco, USA – SEE Legal (”The South East Europe Legal Group“) is officially launching its legal advisory services to clients investing in South East Europe.

SEE Legal is an organization of leading independent national law firms from South East Europe which provides a full range of high quality legal services to international clients.

The group was co-founded by six of the top law firms from Albania (Kalo & Associates), Bulgaria (Borislav Boyanov & Co.), Croatia (Hanzekovic & Radakovic), Macedonia (Polenak Law Office), Romania (Nestor Nestor Diculescu Kingston Petersen), and Serbia & Montenegro (Karanovic & Nikolic), and aims to cover also in the near future countries such as Bosnia and Herzegovina, Greece, Moldova, Slovenia and Turkey.

“The main principles on which SEE Legal bases its activities are independence, synergy, equal treatment and mutual respect,” Mr. Borislav Boyanov, SEE Legal’s President and Managing Partner of Borislav Boyanov & Co., said during the meeting of the International Bar Association which took place in San Francisco.

Over the past few years the above mentioned law firms have been involved in the successful closing of most of the major restructuring and investment projects in the region.

The practice areas covered by SEE Legal members include: Banking Law, Bankruptcy, Company Law, Competition Law, Criminal and Administrative, Energy and Natural Resources, Finance, Foreign Investments, Insurance Law, Intellectual Property, Litigation and Arbitration, Privatization, Property Law, Public Procurement, and Telecommunications and Media. SEE Legal members are able to extend their capabilities to serve their clients’ needs in the entire region.

“The purpose of SEE Legal is to be the leading source for business support in the region and at the same time to contribute to the continued improvement of each member’s professional capabilities,” added Mr. Borislav Boyanov.

The members’ belief is that by joining their HR capital, know how, experience, and the creation of practice groups and joint professional teams, they will be in a better position to provide the best and the most cost effective legal services for projects which exceed the territory of a single jurisdiction in their region.

For more details about SEE Legal and its co-founding members, please login today to or any time afterwards or contact directly:

Borislav Boyanov (Borislav Boyanov & Co), President,

Patricia Gannon (Karanovic & Nikolic), Vice-President

Ion Nestor (Nestor Nestor Diculescu Kingston Petersen), Vice-President

The South East Europe Legal Group