BOYANOV & Co. Assists Sopharma on the Аcquisition of a Large Pharmaceutical Products Portfolio
October 2024
On 4 October 2024, the biggest Bulgarian pharma company Sopharma AD (SFA: Bulgarian Stock Exchange, SPH: Warsaw Stock Exchange) initiated a transaction to acquire a large pharmaceutical product portfolio, consisting of both CHC and prescription products.
The acquisition covers 68 marketing authorisations with 14 well-known brands in 10 of the traditional markets of Sopharma. The transaction will take effect in several stages, and its closing is subject to certain conditions precedent.
BOYANOV & Co. played a crucial role in assisting Sopharma with successfully negotiating and…
Battery Energy Storage Systems in the Greek Electricity Market
October 2024
Gus Papamichalopoulos, Senior Partner, Konstantinos Varelas, Senior Associate, and Iakovos Kouloris, Senior Associate
Kyriakides Georgopoulos Law Firm
In view of the increasing interest by national and international stakeholders in the developing market of the Battery Energy Storage Systems (hereinafter “BESS”) in Greece, KG Law Firm’s Energy practice breaks down the major elements related to the compensation of BESS projects.
Q: Is the BESS market developed in Greece?
A: In view of the state of the Greek energy landscape (grid congestion, high penetration of PVs), during…
New Regulations Impacting the Crypto Asset Sector
October 2024
Irem Cansu Demircioglu, Senior Associate, and Yagmur Gundogdu, Trainee Associate
Kolcuoglu Demirkan Kocali Attorney at Law
Law No 7518 on Amendment of Capital Markets Law (the “Law”) has been published on 2 July 2024, and has entered into force on the same date. Upon its enactment, the Law established the procedures and principles applicable to entities in the crypto-asset sector and the services provided by such entities. In this respect, the new regulations introduced by the Law and the principles published by the Capital Markets Board (CMB) following the entry into force…
Turkish Merger Control Regime in Technology Markets: Defining the Limits
September 2024
Neyzar Unubol, Competition Law Counsel, and Esen Cakir, Associate
Kolcuoglu Demirkan Kocakli Attorneys at Law
Recently, several competition authorities worldwide have increased merger control scrutiny in technology markets. The European Commission encourages national competition authorities to refer to transactions falling below the European Union and national turnover thresholds. The Digital Markets Act, which entered into force in November 2022, obliges large digital platforms (i.e., gatekeepers) to notify the European Commission of mergers or acquisitions regardless of turnover…
The New Framework for Net Billing in Greece
September 2024
Gus J. Papamichalopoulos, Senior Partner, Antonis Koumpias, Senior Associate, and Melina Kolovetsiou, Associate
Kyriakides Georgopoulos Law Firm
Introduction
The installed capacity of Renewable Energy Sources (hereinafter, "RES"), especially from rooftop solar photovoltaic projects (hereinafter, "PVs"), has seen a rapid increase in recent years, driven by a significant drop in the cost of solar power technology. In addition, electricity price volatility has driven prices on the Day-Ahead Market to peak at up to €900/MWh, also impacting retail prices. This volatility, driven…
Significant Amendments to the Organised Industrial Zones Regulation
September 2024
Our Turkish member firm, Kolcuoğlu Demirkan Koçaklı, has recently issued a client alert titled "Significant Amendments to the Organised Industrial Zones Regulation".
To access the document, please use the following link.
The Court of Justice in Illumina/Grail: Back to Legal Certainty and Institutional Predictability in Merger Review
September 2024
Ioanna Palyvou, Partner, and Konstantinos Sidiropoulos, Senior Associate
Kyriakides Georgopoulos Law Firm
On 3 September 2024, the EU’s highest court issued its eagerly awaited ruling on the Illumina/Grail case (C-611 & 625/22P).
The Court of Justice overturned the General Court’s ("GC") judgment – which had confirmed the European Commission’s ("EC") competence to accept a referral request from some of the EU member states and examine the Illumina/Grail merger – and annulled the EC’s decisions by which it accepted the abovementioned requests.
Specifically, the…
NNDKP Assisted AAylex One in Connection with a EUR 20 Million Financing Provided by CEC Bank S.A. and Alpha Bank Romania S.A.
August 2024
NNDKP has assisted AAylex One, one of the leading players in the Romanian food industry and the producer of the Cocorico brand in connection with a EUR 20 million loan facility granted by a syndicate of banks. The syndicate of banks included CEC Bank S.A. and Alpha Bank Romania S.A., the facility granted is secured by a guarantee issued by Exim Banca Romaneasca in the name and on behalf of the State.
NNDKP continues to support AAylex One, advising this client in a new financing project on complex aspects related to the structuring, drafting and negotiation of the finance documents…
Understanding the EU's Artificial Intelligence Act: Key Insights
August 2024
Anisa Tomic, Partner, and Zerina Karahmet, Associate
Maric & Co Law Firm
On August 1, 2024, the European Union's Artificial Intelligence Act (AI Act) came into force, marking a significant milestone in the regulation of AI technologies. This pioneering regulatory framework is designed to ensure the safe and ethical deployment of AI across the EU, balancing innovation with fundamental rights and safety. At Marić & Co. d.o.o., we recognize the importance of understanding and complying with these regulations as AI continues to revolutionize the way we live and work, from personalized…
BOYANOV & Co. Represents Generali in the Acquisition of United Health Insurance Fund Doverie
August 2024
BOYANOV & Co. has announced that it has successfully represented Generali CEE Holding in acquiring United Health Insurance Fund Doverie, one of Bulgaria’s largest health insurance providers. This strategic acquisition marks a significant milestone in Generali’s expansion within the Bulgarian market.
The deal, announced on 1 August 2024, underscores Generali’s commitment to enhancing its presence in the health insurance sector and providing comprehensive healthcare solutions to its clients. BOYANOV & Co.’s legal expertise and dedication were instrumental in navigating…
Software and IP Protection – Key Considerations
August 2024
Irene Kyriakides, Partner, Niovi Plemmenou, Associate, Apostolos Papachrysos, Associate, and Androniki Papoutsoglou, Junior Associate
Kyriakides Georgopoulos Law Firm
Introduction
In an increasingly technology-oriented society, software has become an invaluable asset for businesses. Companies either develop or simply use software in their day-to-day operations and a familiarity with laws revolving around software and its protection is crucial. Navigating the complex landscape of intellectual property (IP) rights is essential for safeguarding the interests of innovative companies.…
NNDKP Assists Globant with the Merger of two Romanian Subsidiaries
August 2024
NNDKP has recently advised Globant, an IT and software development company present in 33 countries with more than 29,000 employees worldwide, throughout the entire process of merging two Romanian subsidiaries – Pentalog Romania S.R.L. and Pentalog HR Romania S.R.L. The transaction was part of a global reorganization process that Globant designed in order to continue and accelerate its expansion worldwide, including in Romania.
NNDKP provided comprehensive legal assistance and strategic legal guidance from a corporate perspective in all stages of the merger, as well as counseling…
