Archive for May, 2012

LNI-OASIS Merger

Wednesday, May 16th, 2012

BOYANOV & Co. is pleased to announce the creation of LNI OASIS, a new network of leading law firms in over 50 countries and covering more than 60 jurisdictions. This will make it one of the larger legal networks comprising in total over 5,000 legal professionals and represented in 135 cities.

BOYANOV & Co. is the member in Bulgaria.

LNI OASIS results from the merger of two long established networks, Legal Network International and OASIS (LNI for 23 years and OASIS for 37 years).

The merger combines the global reach of LNI with the strength of OASIS in Central and Eastern Europe. Members from all over the Americas, Asia and Europe recently came together for a joint conference in Istanbul, long seen as the bridge between East and West. Although the network is now very well represented throughout the world, getting top tier member firms in Australia and South Africa is a key priority, and the expanded coverage should assist that.

This merger of two networks is thought to be an unusual event, and may result in other networks considering the benefits to be obtained from such consolidation. 

Increasing globalisation means domestic law firms must demonstrate the capability to support their clients worldwide. BOYANOV & Co. welcomes this merger as membership of this vigorous and effective network will enhance its ability to carry out cross-border matters in various fields of law.

Acquisition of the Leading Consumer Electronics Retailer in Bulgaria was Unconditionally Cleared by the Commission for the Protection of Competition

Tuesday, May 15th, 2012

BOYANOV & Co. represented The Luxembourg Acquisition Company S.à r.l. in the merger control procedure related to the acquisition of sole control over the undertakings Axis Retail N.V., the Netherlands Antilles, and Borovets Invest B.V., the Netherlands. Axis Retail N.V. through its Bulgarian subsidiary is the operator of Technomarket – the leading retail chain for consumer electronics, office equipment, telecommunications and IT products in Bulgaria.

The Luxembourg Acquisition Company S.à r.l., Luxembourg, is ultimately controlled by the Ministry of Finance of the Sultanate of Oman, via the State General Reserve Fund of Oman. Since 2009 the Sultanate of Oman, via the State General Reserve Fund of Oman holds a minority interest in the Corporate Commercial Bank, Sofia.

BOYANOV & Co.’s team was led by the partner Peter Petrov.