Kyriakides Georgopoulos Law Firm Advised Lightsource bp
September 2023
Kyriakides Georgopoulos Law Firm’s Energy Infrastructure team acted as legal advisor of Lightsource bp, in the conclusion of an agreement with HELLENiQ Renewables, for the sale of a PV portfolio in the region of Kozani with an aggregate capacity of up to 180 MW. The sale of the projects will be completed gradually upon the start of commercial operations. KG’s involvement was continuous in supporting the seller, LIGHTSOURCE RENEWABLE ENERGY GREECE HOLDINGS (UK) LIMITED, throughout the buyer’s due diligence process and the drafting, negotiation, and finally execution of the…
SEE Legal Member Firms Top Ranked by IFLR1000
September 2023
We are proud to announce yet another outstanding achievement of our member firms and their exceptional attorneys in the recently released IFLR1000 rankings for 2023!
KALO & ASSOCIATES has been ranked Tier 1 in Financial and Corporate (Albania), Tier 1 in Project Development (Albania), and Tier 2 in Financial and Corporate (Kosovo). Four attorneys received individual recognitions: Perparim Kalo – Expert Consultant, Jola Gjuzi – Highly Regarded, Aigest Milo – Highly Regarded and Ahmet Hasolli – Highly Regarded.
MARIC & Co Law Firm Ltd. has been ranked Tier 1…
BOYANOV& Co. Advised Ceska Sporitelna on Refinancing of Aricoma Group’s Loan for Musala Soft AD Acquisition
September 2023
BOYANOV & Co. advised Česká Spořitelna – leading a syndicate of banks including Československá obchodní banka and Komerční banka on the refinancing of a loan extended to the Aricoma Group in 2022. A segment of this loan facilitated the acquisition of Musala Soft AD, a transaction in which BOYANOV & Co. also played an advisory role.
The ARICOMA Group stands as a premier IT service provider in Central Europe, boasting a pronounced presence in the Scandinavian region. With 15 European delivery centers, the company caters to an extensive clientele, serving over 1,000…
BDK Advokati Advised Ahareholders of Digital Revolution d.o.o. in the Sale of Shares to FIBERS PTE
September 2023
BDK Advokati advised Vision Gaming Holding and other shareholders of Digital Revolution d.o.o. in the sale of 100% of shares to FIBERS PTE from Singapore.
Digital Revolution together with Digital 1 operates one of the first online web-gaming sites Circus Bet which was founded in 2016 and immediately became one of the most popular platforms for online betting.
BDK team was led by Senior Partner Vladimir Dasic and Junior Associate Andjela Susljik.
New Restrictions to Clinical Trials in Serbia
August 2023
The Government of Serbia adopted in the beginning of August amendments to the Rulebook on clinical trials of human medicines (“Rulebook on Clinical Trials“), which entered into force on 12 August 2023. There are two significant changes that negatively affect clinical trials in Serbia.
The first amendment relates to the site of a clinical trial, which is now limited to public healthcare institutions. Therefore, clinical trials can no longer be conducted in privately owned healthcare institutions.
The second amendment excludes phase I clinical trials (phase I, Ia, and Ib) from…
NNDKP Has Assisted a Syndicate of Banks in Providing EUR 550 Million in Financing to the Swiss Group Ameropa
August 2023
Nestor Nestor Diculescu Kingston Petersen (NNDKP) has assisted a syndicate of banks in providing EUR 550 million in financing to the Swiss group Ameropa, which owns some of the largest local agribusiness companies – Azomures, Romania’s largest fertilizer producer, Ameropa Grains SA, a major grain trader, and Chimpex, a leader in port operations. The syndicate of banks consisted of Banca Comercială Română SA, Raiffeisen Bank SA, ING Bank Romania, Unicredit Bank SA, Alpha Bank Romania SA, Banca Transilvania SA, BRD Groupe Societe Generale SA, Banca Comercială Intesa Sanpaolo…
BOYANOV & Co. Аdvised Rezolv Energy on the Acquisition of the Rights to Build and Operate a 229 MW Solar Plant
August 2023
BOYANOV & Co. advised Rezolv Energy on the acquisition of the rights to build and operate a 229 MW solar plant in Silistra Municipality, northeastern Bulgaria. Rezolv Energy is an independent renewable energy producer focused on Central and Southeastern Europe which was launched last year by Actis, a leading global investor in sustainable infrastructure.
Named ‘St. George,’ the project is set to become the largest solar plant in Bulgaria, with construction beginning later this year and completion expected in early 2025. The St. George plant will be constructed on the site…
BOYANOV & Co. Advised Tietoevry Oyj on the Acquisition of MentorMate LLC
July 2023
BOYANOV & Co. advised Tietoevry Oyj, a Finnish IT software and service company providing IT and product engineering services, on all Bulgarian legal aspects of the acquisition of MentorMate LLC, a digital engineering company headquartered in Minneapolis, USA, from Taylor Corporation.
MentorMate provides advanced digital engineering services, human-centered design, and AI capabilities to its customers in North America and Europe. The local subsidiary MentorMate Bulgaria EOOD is one of the leading companies in the sector and a large employer having approx. 800 FTEs.
Tietoevry leaders…
NNDKP Successfully Finalized Arbitrations Worth over EUR 50 Million
July 2023
NNDKP has successfully finalized the two successive arbitration cases related to the design and execution of one of the four sections of the Sebes-Turda motorway.
These arbitrations, which started in 2017 and 2019, respectively, and spanned more than 3 years each, were related to the claims raised by the Contractor – an extension of time, additional costs, loss of profit, and interest having an aggregate value of over EUR 50 million, arising in connection with the performance of the same administrative contract drafted based on the FIDIC Yellow Book (1999) rules (design and build).
The…
BOYANOV & Co. Advised Borealis on the sale of its Indirect Shareholding in Neochim
July 2023
BOYANOV & Co. advised Borealis AG, a subsidiary of the Austrian OMV AG, on all legal aspects of the sale of its indirect shareholding in Neochim AD, a large Bulgarian producer and trader of inorganic and organic chemical products including fertilizers. The transaction was part of the global divestment of Borealis AG of its nitrogen business including fertilizer, melamine, and technical nitrogen products. The business was acquired by AGROFERT – a Czech-based group active in a number of industries in Central Europe, with activities spanning from chemicals and agriculture to food…
BOYANOV & Co. Advised Deluxe Corporation on the Successful Sale of its Subsidiary Hostopia Bulgaria
July 2023
BOYANOV & Co. acted as local counsel for Deluxe Corporation (NYSE: DLX) on the sale of the subsidiary Hostopia Bulgaria EOOD to HostPapa, Inc., a leading global web hosting and cloud service provider for small and medium businesses. The transaction was part of a global acquisition by HostPapa of Deluxe Corporation's web hosting and logo design businesses.
The sale was successfully closed on 29 June 2023, after completing the various pre-closing steps and obtaining necessary clearances (press release is available here).
The instrumental support of BOYANOV & Co. was highly appreciated…
Concessions for Public Transport of National Importance
June 2023
After the Ministry of Transport and Communications successfully finalised concession procedure for the civil airport in the capital city of Sofia, it announced further plans for potential concessions for public transport of national importance. They include Black Sea ports in Varna and Burgas, Danube river ports in Ruse and Vidin, and an intermodal terminal in Dragoman. The procedures for awarding the concessions have not been started yet.
