BOYANOV & Co. Advised Nippon Express Holdings, Inc. on the Acquisition of Cargo-Partner

January 2024  On 4 January 2024, Nippon Express Holdings, Inc., the renowned Japan-based logistics company, completed the acquisition of Cargo-Partner subsidiaries in Central and Eastern Europe. This acquisition strengthens Nippon Express's global logistics network, which spans over 739 locations. Cargo-Partner, headquartered in Austria, has a significant presence in Central and Eastern Europe and offers diverse logistics services, including air and ocean freight forwarding. BOYANOV & Co. acted as Bulgarian legal counsel to Nippon Express together with the global legal counsel Freshfields…

Adriatic Hub New Logistic Centre

June 2023 The logistics company DPD Croatia, which operates as part of the global Geopost group, has started the construction of a new sorting and logistics center called the Adriatic Hub, which will process parcels for both Croatia and Slovenia. This is DPD's largest investment in infrastructure improvement in the new and largest distribution center so far, in the amount of EUR 23 million, while the value of the technological investment is EUR 10 million.

Tender for Supply of New Trains

June 2023 It is expected that in July 2023 Bulgarian Ministry of Transport and Communications will launch public procurements for the supply of new trains with an estimated total value of EUR 1.44 billion. The scope of the procurement shall include purchase of 7 double-deck trains, 35 single-deck trains, 20 single-deck zero-emission electric trains type “push-pull” and 18 shunting locomotives.

Financing of Belgrade Metro Project - UPDATE

March 2023 Belgrade metro will consist of two lines that should be developed in two stages in the period 2020 – 2025. The total value of the project is approximately EUR 4.4 billion. Government of Serbia intends to participate in the project, including its financing, and sovereign loans from France and China for this project and awarding it without a competitive public procurement are being put in place. French Alstom is supposed to develop machinery and trains for the line, whereas PowerChina is supposed to do the civil works. It seems that the government will not develop the project through…

New Low-Floor Trams

January 2023 The City of Zagreb launched a public procurement procedure with an estimated value of EUR 39.5 million excluding VAT for the purchase of 20 low-floor trams.

New Investment Round For Getir

December 2022 Getir, which reached the unicorn level of companies by receiving an investment of USD 300 million from Sequoia Capital and Tiger Global in March 2021, completed its fourth investment tour two months later and received a new investment of USD 555 million. In the first six months of 2021, with a total investment of almost USD 1 billion, Getir’s equity increased nine times in five months. While the company continues its growth in Türkiye and Europe with this investment, Getir entered the American market at the end of 2021. Getir started to serve in Chicago, New York and Boston.…

Logistics Company DP World Invests USD 75 million in Two New Terminals

November 2022 DP World, one of the world’s largest port operators, is developing a RORO (Roll-On, Roll-Off) terminal and a project cargo terminal in the port of Constanta. The total value of the investment amounts to USD 75 million (own funds and European grants).

Spain: Amazon Road Transport Fined for Requesting Criminal Records From Job Candidates

February 2022 Author: Pablo Perez Laya  On 11 February 2022, the Spanish Data Protection Authority (Agencia Española de Protección de Datos) fined Amazon Road Transport Spain, S.L. (“Amazon RT“) EUR 2,000,000, for including criminal record certificates within the documentation that it requests during the hiring process of freelance truck drivers. The following are the aspects of the decision which we have considered the most interesting: Certificates showing “clean” criminal records (i.e. that no crimes have been committed) do amount to personal data relating to criminal convictions…

BOYANOV & Co. Advised Econt Financial Services in Obtaining E-money Institution Licence from the Bulgarian National Bank

On 10 June 2021, the Governing Council of the Bulgarian National Bank granted an e-money institution licence to Econt Financial Services EOOD.

NNDKP Acts as Romanian Local Counsel in connection with CTP’s Listing on Euronext

(NNDKP was part of an international team of lawyers that assisted CTP in connection with its Initial Public Offering (IPO) on the Euronext stock exchange in Amsterdam.

NNDKP Attorneys Obtain Landmark Decision on the Requirements Imposed on Tenderers in a Public Tender Procedure Regarding the Modernisation of a Romani...

NNDKP has successfully assisted and represented a private company in a dispute resolved by the Bucharest Court of Appeals, concerning the requirements imposed on tenderers in a public tender procedure organised for the modernisation of a Romanian railway line.

Illegal State Aid Threatens to Sink Montenegrin Maritime Transport Companies

Following the decision on opening an investigation into alleged illegal state aid to Montenegrin airline company Montenegro Airlines, which led to grounding of its airplanes and termination of transport operations in December 2020, the Montenegrin Agency for Protection of Competition has opened two more investigations into alleged illegal state aid granted to state-owned transport companies.