Archive for June, 2005

Private Equity Leveraged Buyouts in CEE Meeting

Tuesday, June 21st, 2005

CA IB, Member of the HVB Group, organized a sponsor meeting on June 6, 2005 in Prague, Czech Republic, themed “Private Equity LBOs in Central-East Europe”. The meeting focused on the possibilities for LBOs in the CEE states and the legal aspects of such transactions. Mr. Yordan Naydenov, Partner at Borislav Boyanov & Co., presented before the attending investment bankers and colleague lawyers from Austria, Czech Republic, Germany, Hungary, Poland, Slovak Republic and the U.K. the possibilities for LBOs in Bulgaria. For more details please contact Mr. Naydenov at y.naydenov@boyanov.com.

The New Europe – Challenges of Integration

Monday, June 20th, 2005

On 12-15 June 2005, The New Europe – Challenges of Integration, a Conference organised by the European Forum of the International Bar Association and hosted by the Cyprus Bar Association, was held in Limassol, Cyprus. The event attempted to identify the unprecedented challenges faced by the new Europe. Hign-ranking lawyers and representatives of business and politics attended. The keynote speaker was Mr Markos Kyprianou, Commissioner for Health and Consumer Protection, European Commission, Brussels. Mr Borislav Boyanov, Managing Partner of Borislav Boyanov & Co., was the Conference Co-Chair.

CELO Competition Practice Group Meeting in Budapest

Monday, June 20th, 2005

The Central and East Europe Law Offices (CELO) Competition Practice Group convened on June 17-18, 2005 in Budapest for a seminar hosted by the Hungarian CELO member law firm Kovбcs Rйti Szegheх. The meeting focused on the legal and practical aspects of the application of the EU anti-cartel rules concerning dawn raids, investigation of alleged cartels based on economical analysis as well as leniency programs implemented in the EU. Comprehensive presentations on the above topics were made by Mr. Jan-Erik Svensson (special guest speaker), Head of the Competition Law Department of the Danish law firm Gorrissen Federspiel Kierkegaard, Mr. Nils von Hinten-Reed (special guest speaker), Vice President of CRA International, and Mrs. Dorothy Hansberry-Bieguсska of the Polish CELO member law firm Wardyсski & Partners. For more details please contact Mr. Pavel Hristov at p.hristov@boyanov.com.

Building the Balkans together with Our Neighbours

Sunday, June 19th, 2005

On 8 June 2005, a conference entitled Building the Balkans together with Our Neighbours was organised in Athens by Knowledge Systems S.A. A number of important members of the local political and financial community attended. The key goal was the establishment of a dialogue framework between governments and the rest of the involved business and economic actors, and the enhancement of collaboration in the Balkan region. Mr Borislav Boyanov, Managing Partner of Borislav Boyanov & Co., was honoured to deliver a speech at the conference.

Five Individual Point to Multipoint Telecommunications Licenses will be Granted by the End of 2005

Thursday, June 16th, 2005

The Bulgarian Commission on Regulation of Communications (CRC) adopted Regulatory Policy Guidelines for Distribution of the Radiofrequency Spectrum for Civil Needs concerning the period until 2008. According to the document, five individual “point to multipoint” telecommunications licenses in the frequency spectrum of 3.4-3.6 gigahertz shall be issued by the end of 2005. Two of the licenses shall be Class A – for scarce resource of 21 megahertz each and the other three – Class B – for scarce resource of 10.5 megahertz each. Telecommunications operators designated by CRC as having significant market power such as the dominant mobile telecommunications operator MobilTel will not be restricted from participation in the tenders for “point to multipoint” licenses.

For details on that matter, please contact Mr. Damian Simeonov at d.simeonov@boyanov.com.

The Concession Agreement for Bourgas and Varna Airports Signed

Monday, June 13th, 2005

On Sunday, June 12, 2005, the Bulgarian Minister of Transport and Communications signed on behalf of the Bulgarian State a 35-year concession agreement for the airports of the coastal cities Varna and Bourgas with the Danish Copenhagen Airports A/S. The concessionaire must pay an initial one-off concession fee at the amount of €3 mln. within one month of signing. It also undertakes to invest about €26 mln. in the first two years of the concession term and a total of €526 mln. for the whole period. Copenhagen Airports A/S was named on April 7, 2005 by the Government as a winner of the tender for the two airports in competition with some of the leading European airport operators. It has to be noted that the concession agreement has been signed prior to the entry into force of the Government’s decision of April 7, 2005 which has not become effective yet because of its pending appeal by two of the candidates before the Supreme Administrative Court.

Borislav Boyanov & Co. was actively involved in this project which is the pioneering airports concession in this country and advised one of the competitors throughout all stages of the tender.