Archive for September, 2012

BOYANOV & Co. Awarded M&A Law Firm of the Year

Friday, September 28th, 2012

BOYANOV & Co. received the Mergers & Acquisitions Law Firm of the Year Award by The Lawyer Monthly Legal Awards 2012.

The Lawyer Monthly Legal Awards 2012 recognise the achievements of those law firms that have engaged and responded most successfully to the demands being placed on them in the new post-recession business environment and the recent global economic turmoil. The 2012 Awards acknowledged all those firms that have dedicated their resources to innovation, built on their depth of expertise and performed outstandingly over the year.

BOYANOV & Co. Advises on “Probably the Most Complicated Deal in Bulgaria Ever”

Thursday, September 6th, 2012

On 6 September 2012 Reuters reported that the High Court in London approved the deal for the EUR 1.7 billion debt restructuring of the Bulgarian telecoms operator Vivacom (known also as “BTC”), ending two years of wrangling with lenders and failed attempts to sell the company (http://in.reuters.com/article/2012/09/06/vivacom-restructuring-idINL6E8K6D6R20120906).

This was said to be “probably the most complicated deal in Bulgaria ever” (http://www.focus-fen.net/?id=n285891).

BOYANOV & Co. has played and continues to play an important role in this deal as Bulgarian legal adviser to the senior lenders and to RBS as the agent and the security agent on this restructuring deal, advising on a range of complex local legal issues, including corporate, finance, security, competition, litigation and other relevant matters.

Previously, BOYANOV & Co. advised the senior lenders and RBS when the debt now being restructured had been extended in 2007 to AIG in relation to it acquiring control over Vivacom (BTC).

BOYANOV & Co. has also advised on all previous major finance deals for BTC (Vivacom), including in 2004 in relation to the privatisation of the then state-owned BTC and the refinancing deal in 2005.

Global Legal Insights – Employment & Labour Law

Wednesday, September 5th, 2012

GLI-Employment

The first edition of Global Legal Insights – Employment & Labour Law – published by Global Legal Group provides general counsels, human resource practitioners, lawyers, advisers and managers with an overview of the developments in employment and labour law across 24 jurisdictions worldwide, amongst which is Bulgaria. In the article below, Mrs. Violeta Kirova, Senior Associate at BOYANOV & Co., offers personal perspective on the current and forthcoming changes to the labour and employment law regime in Bulgaria, which are considered to be particularly important to any business operating in Bulgaria.

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