Archive for October, 2014

BOYANOV & Co. Maintains its Highest Ranking by IFLR1000 in the Financial and Corporate Edition of 2015

Monday, October 20th, 2014

BOYANOV & Co. has maintained yet again its highest ranking by IFLR1000, Financial and Corporate 2015. The Guide to the world’s leading financial law firms acknowledges that the firm ‘remains a Bulgarian institution despite the rough competition’ and ‘clients and peers consistently view the team as one of the go-to options for all financial and corporate work’. ‘Very pleased, good networking with relevant institutions and very good expertise in competition law’, says a client who liked the fact that the firm is ‘very business oriented’. The clients of BOYANOV & Co. ‘mostly appreciate the combination of business and legal aspects’.

BOYANOV & Co. Advised the European Investment Bank on Several Loan Transactions

Friday, October 17th, 2014

In 2014 BOYANOV & Co., as a member of SEE Legal, was appointed on the legal panel of the European Investment Bank (EIB) and the Allied Irish Banks.

BOYANOV & Co. advised EIB on several loan transactions with local banks whereby EIB provides loans to the local banks secured with domestic governmental bonds, which the local banks use to on-lend to SMEs in Bulgaria.

The EIB wanted the collateral to be held at Clearstream Luxembourg and be pledged as financial collateral under Luxembourg law, which presented a legal challenge under Bulgarian law, which required that domestic governmental bonds be held at registers with the Bulgarian National Bank (BNB) and respectively financial collateral of such bonds was to be registered with the registers of the BNB.

BOYANOV & Co. helped solving this challenge in consultations with the BNB and the Ministry of Finance of Bulgaria, including through amendments to regulations of the BNB to align them to the EU Financial Collateral Directive. The scheme is intended to be applied multiple times in an overall planned financing by EIB for local SMEs in the range of EUR 1 billion.

Two of the Three Partners Listed in Expert Guides as M&A Experts for Bulgaria are from BOYANOV & Co.

Friday, October 17th, 2014

Borislav Boyanov, Managing Partner of BOYANOV & Co. and Yordan Naydenov, Head of the M&A and Corporate Practice Group, were listed as M&A Experts for Bulgaria in the 2014 Guide to the World’s Leading Banking Finance and Transactional Law. The international legal market’s leading guide lists top legal practitioners advising on banking finance and transactional law.

The Guide focuses on individuals considered by clients and peers to be the best in their field. The research process involves sending over 4,000 questionnaires to senior practitioners or in-house counsel involved in each practice area in over 80 jurisdictions, asking them to nominate leading practitioners based on their work and reputation. The results are analysed and screened for firm, network and alliance bias. The list of experts is then discussed and refined with advisers in legal centres worldwide.