Archive for July, 2015

Mergers & Acquisitions, Getting the Deal Through 2015

Friday, July 10th, 2015

BOYANOV & Co. contributed to the sixteenth edition of Getting the Deal Through – Mergers & Acquisitions, published by Law Business Research Ltd 2015, London. The Bulgarian chapter below was contributed by Mr. Yordan Naydenov, Partner and Head of Corporate and M&A at BOYANOV & Co. and Mr. Angel Angelov, Senior Associate at the firm. The chapter provides summary of M&A transactional requirements and procedures in their jurisdictions, covering such areas as: types of business combination, applicable legislation, filings and public disclosure requirements, substantial shareholding regulations, duties of directors and controlling shareholders, shareholder rights of approval and appraisal, hostile transactions, break-up fees and frustration of additional bidders, governmental influence on transactions, conditional offers, minority squeeze-out, cross-border transactions, waiting and notification periods, tax issues and labour and employee benefits.

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IFLR1000

Thursday, July 9th, 2015

“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”.

“What we mostly appreciate is the combination of business and legal aspects”. “Very good, very highly respected, slightly bigger than many competitors, slightly more polished and professional,” says another client.

Chambers Europe

Wednesday, July 8th, 2015

“These devoted, supportive lawyers resolve delicate matters with a lot of difficult legwork.”

“A prestigious, high-capacity firm with a list of big-name clients.”

“A disciplined team with a consistently good output.”

Chambers Europe

Wednesday, July 8th, 2015

“The firm builds great client relationships and offers solid enforcement oversight.”

“The lawyers can be trusted with trade mark litigation and were essential for the positive resolution of a complex case.”

“The team is profoundly prepared and speedy and has serious clout with patent prosecution.”

Chambers Europe

Wednesday, July 8th, 2015

“The lawyers go above and beyond to be true partners in the business, not just legal counsel.”

“The team keeps up the pace even in impossible schedules. One can rely on them literally 24/7.”

“This is a hallmark firm on the market – it offers unmatched capacity and absolute precision in highly contentious situations.”

Chambers Europe

Wednesday, July 8th, 2015

“A brilliant team that has been dedicated to competition work for many years, with a great track record. Offers hugely developed strategic thinking on truly complicated cases.”

“The people at this firm work at my pace and to a high standard. The lawyers’ opinions are tailored to us – practical, short and actionable. I feel lucky to work with them.”

Chambers Europe

Wednesday, July 8th, 2015

“These lawyers are consistent in the quality of their work and careful not to let anyone down.” “A well-built, impressive team, which is consistent in its advice and manages expectations well.

Wednesday, July 8th, 2015

Chambers Europe“These lawyers are consistent in the quality of their work and careful not to let anyone down.” “A well-built, impressive team, which is consistent in its advice and manages expectations well. Chambers Europe

Borislav Boyanov is Nominated Again this Year as One of the World’s Leading Practitioners in Who’s Who Legal: M&A and Governance 2015

Wednesday, July 8th, 2015

Mr. Borislav Boyanov, Managing Partner at BOYANOV & Co., is the only Bulgarian lawyer regularly nominated by his peers as one of the world’s leading practitioners in the field of M&A and Governance by Who’s Who Legal.

Who’s Who Legal: M&A and Governance 2015, published by Law Business Research Ltd., is a result of the opinions of law firm clients and M&A and governance lawyers from around the world. The research has revealed 1440 experts in 82 jurisdictions who are considered leaders in the field of M&A and Governance.

Who s Who Legal_M&A and Governance 2015_July 2015-page-001

The initial date of the de facto insolvency of Corporate Commercial Bank was set at 20 June 2014

Friday, July 3rd, 2015

With a court decision dated today, 3 July 2015, Sofia Court of Appeals has determined that the so called “initial date of insolvency” of Corporate Commercial Bank (“KTB”) was 20 June 2014 (being the date, on which the Bulgarian National Bank (the “BNB”) placed KTB under special supervision) rather than 6 November 2014 (being the date when the BNB withdrew KTB’s banking license) as was initially determined by Sofia City Court (being the court competent to review the insolvency petition for KTB).

Sofia Court of Appeals acted as a second instance upon on appeals filed by, among others, the BNB against the decision of Sofia City Court which opened the insolvency of KTB and determined 6 November 2014 as the initial date of its de facto insolvency (the BNB itself claimed that the initial date of the de facto insolvency of KTB was 30 September 2014, being the date when the negative equity of KTB had been accounted for in its accounts).

Sofia Court of Appeals took the view that, insofar as nothing substantial had changed in the financial status of KTB in the period from 20 June 2014 (when KTB was placed under special supervision and all its activities had been suspended) till 30 September 2014 (when the negative equity of KTB determined by the three independent auditors appointed by the BNB to investigate the financial situation of KTB during its special supervision was accounted in the accounts of KTB) KTB was de facto in insolvency at least on 20 June 2014.