2010
-
A Scholarship Award for the Sixth Edition of the Balkan Legal Forum, 11-12 November 2010, Sofia, Bulgaria
This year the Legal Development Foundation will award three scholarships to young lawyers who wish to participate in the Sixth Edition of the Balkan Legal Forum, but may find financial difficulties in doing so.
A Scholarship Award for 2010 includes free registration for the Sixth Edition of the Balkan Legal Forum, 11-12 November 2010, Sofia, Bulgaria;
The [...]
-
Registration for Balkan Legal Forum 2010 is now open
The Organisers of the Sixth Edition of Balkan Legal Forum 2010 are happy to inform you that the registration for Balkan Legal Forum 2010 is now open. For more information on the registration process and the program of the Forum, please visit the official website of the Forum http://www.balkanlegalforum2010.com or contact us at mail@balkanlegalforum.com.
We look [...]
-
Changes to Labor Law Abolish Paid Leave Carry-over
Following much debate the changes proposed by the government in Bulgaria’s Labor Code finally came into effect on July 30, 2010. Under the new regime, employees must use their paid annual leave by the end of the calendar year to which it refers, and will not be entitled to carry it over into future years [...]
-
Competition Authority Rejects Dominance Complaint on Tying in the Pay-TV and Telephony Markets
The Bulgarian Commission for the Protection of Competition rejected a complaint brought by the Bulgarian Telecommunications Company, Bulgaria’s incumbent telecom, against CableTel, a prominent local Pay-TV, internet and telephony operator (now operating under the Blizoo brand) on alleged abuse of dominance by reasons of tying and bundling of Pay-TV services and telephony offers. The Commission [...]
-
Interest Rate Calculation Method is Fixed at Entry into the Credit Agreement, according to the Amended Consumer Credit Act
The Parliament adopted at its meeting today amendments in the Consumer Credit Act. They provide that the banks cannot unilaterally change the methodology for calculating the interest rate after entry into the credit agreement.
The MPs agreed that creditors must publish on their website the current rate of the reference interest rates used by them and [...]
-
Sickness Benefits Burden is Temporarily Shifted to Employers
The Bulgarian Parliament adopted the proposal of the government to temporarily shift the financial burden for payment of sickness benefits for the first three days of sickness of employees.
By an addition to the Transitional and Final Provisions of the Social Insurance Code, for the period up to 31 December 2010, the employer will be obliged to pay to [...]
-
European Commission Refers Partially Lidl’s Proposed Acquisition of the Plus Supermarket Chain in Bulgaria to the National Competition Authority
The European Commission announced that it has referred the assessment of the acquisition of Plus Bulgaria by the German retailer Lidl to the competition authority of Bulgaria, at its request. After a preliminary investigation, the European Commission found that the proposed transaction would affect competition in the Bulgarian local market for daily consumer goods. It [...]
-
The Supreme Administrative Court ruled that in Bulgaria attorneys-at-law can jointly perform their profession only in the form of law firms and lawyers’ partnerships registered with the Bar
On June 2, 2010 the 5-member panel of the Supreme Administrative Court (SAC) finally ruled on the competition case initiated some two years ago by Bulgarian law firms against several commercial companies which have been established in Bulgaria by or with the participation of foreign lawyers, and have been acting as law firms without being [...]
-
The Firm Acts for News Outdoor in Local Divestment
Borislav Boyanov & Co. advised News Outdoor, a News Corporation company, on the divestment of its controlling stake in a local group specialized in outdoor advertising. The firm’s team was involved in advising on transaction structuring, corporate and tax matters related to the transaction. The transaction was completed on May 20, 2010.
-
Boyanov & Co. Successfully Leads EUR 1.3 Million Tax Litigation
The firm acted for Motorola’s Bulgarian subsidiary in a complex and material tax case (principal of over EUR 1.3 million ) against the Bulgarian tax authorities. The Supreme Administrative Court substantially quashed the tax assessment and inter alia created an important case-law rule on the proper documenting of expenses for tax purposes. All appeals of the [...]
-
Borislav Boyanov & Co. Advises News Corporation on USD 400 Million Divestment
Borislav Boyanov & Co. advised News Corporation on the sale of bTV, its Bulgarian terrestrial TV business, to Central European Media Enterprises (CME), the leading broadcaster in Central and Eastern Europe. News Corporation and CME entered into an agreement concerning the transaction on February 18, 2010 and the transaction was completed on April 19, 2010. [...]
-
Borislav Boyanov & Co. Advises Lidl on a Takeover of Plus
In cooperation with Noerr Stiefenhofer Lutz, Borislav Boyanov & Co. supported Lidl on the acquisition of the shares in various companies resulting in acquiring all Bulgarian branches of Plus from the seller Tengelmann Group.
-
Borislav Boyanov & Co. Selected to Advise the Government on a Major Privatization Deal
Citigroup Global Markets Limited has won a tender to advise the Privatization Agency of the Republic of Bulgaria on the privatization of Bulgartabac Holding AD (the state-owned tobacco company of Bulgaria). Borislav Boyanov & Co. is a member of Citigroup’s team and will advise on all legal matters of the privatization.
-
Borislav Boyanov & Co. Acts Successfully for Leaf Tobacco A. Michailides
Borislav Boyanov & Co. acted for the prominent tobacco producer Leaf Tobacco A. Michailides, Greece, when on 28 December 2009 the license of their local company for processing of tobacco in Bulgaria was unexpectedly and arbitrarily revoked. After a successful surge of the Litigation and Arbitration and the Administrative Departments of Borislav Boyanov & Co. [...]
2009
-
Borislav Boyanov & Co. Completes a Successful Transaction for Soravia Group
On November 19, 2009 Advent International, the global private equity firm, announced the acquisition of approximately 79% of the shares of Devin AD, Bulgaria’s leading mineral water bottler and distributor of soft drinks, from the Soravia Group of Austria and certain individual shareholders. Devin was founded in 1992 and has consistently grown to reach the [...]
-
Borislav Boyanov & Co. Elected 2009 M&A Law Firm of the Year for Bulgaria
The ACQ Magazine has elected Borislav Boyanov & Co. winner in the category “M&A Law Firm of the Year for Bulgaria” in the 2009 edition of the ACQ Finance Magazine Law Awards.
Guided by the poll results, the editors of ACQ have selected those firms which had the greatest impact on the industry in 2008 / [...]
-
Borislav Boyanov & Co. Supports a Private Equity Fund in the Acquisition of the CATV Operators CableTel and Eurocom
On October 29, 2009 the private equity fund EQT V acquired, in a complex transaction involving simultaneous closings in more than 5 different jurisdictions, control over 100% of Eurocom Cable Management Bulgaria EOOD from Warburg Pincus and 70% of CableTel EAD from Gene Phillips. The target companies are the major CATV operators in Bulgaria and [...]
-
Borislav Boyanov & Co. Advised the European Investment Fund on the JEREMIE Initiative for Bulgaria
On May 27, 2009 the European Investment Fund (EIF) Chief Executive Mr. Richard Pelly and the Bulgarian Minister of Economy and Energy Mr. Petar Dimitrov executed a EUR 200 million JEREMIE Funding Agreement and a Framework Agreement for the institution of a holding fund in support of Small and Medium Enterprises (SMEs) in Bulgaria. The [...]
-
Borislav Boyanov & Co. Recognized by Chambers and Partners 2009
Borislav Boyanov & Co. keeps for another year its top position as Band 1 and first class law firm according to the 2009 rankings of the prestigious legal directory Chambers and Partners. In particular, Chambers and Partners positions Borislav Boyanov & Co. as Band 1 Law Firm in the Competition / Antitrust Sector where Borislav Boyanov [...]
Subscribe RSS