On July 22, 2025, Clifford Chance announced that Alpha Bank and Alpha International Holdings' Sale of Alpha Leasing Romania IFN and Alpha Insurance Brokers to Vista Bank Romania (as reported by CEE Legal Matters on March 17, 2025) has now closed.

Karacam & Sir and Donmez Law have advised Remus Enerji on its latest investment round, which values the company at USD 6 million.

The long-awaited Bulgarian foreign direct investment (FDI) screening regime is now fully operational.

With the adoption of the Amendment and Supplement to the Investment Promotion Act (the “FDI Act”) in March 2024, along with the publication in the State Gazette of the long-awaited secondary legislation – the Amendment and Supplement to the Rules on the Implementation of the Investment Promotion Act (the “Rules”) –on 22 July 2025, the FDI screening regime became applicable in Bulgaria. Transactions by foreign investors in the areas outlined in the law, above the set thresholds, would need to obtain FDI approval before closing.

Sorainen has advised the shareholders of UAB Peraltis on the sale of their business to UAB Ronelda.

CMS has advised Inter Europol on its acquisition of Pan-Pek from Enterprise VII private equity fund. Schoenherr advised the sellers.