BOYANOV & Co. Advised The Bancorp on the Acquisition of the Assets of Transact Network Limited (Gibraltar)
BOYANOV & Co. advised the Bancorp on all aspects of the transfer of the valuable assets and employees of the subsidiary of Transact Network Limited (Gibraltar) in Bulgaria, as a part of the global purchase of the assets and business of Transact Network Limited by The Bancorp at a price of around USD 1,100,000. Work included drafting the transaction documentation, lease transfer documents and employees transfer documents, as well as advice and assistance with respect to the actual transfer of the employees and the harmonization of their conditions of employment. The deal was closed in December 2012.
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