CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
CMS has advised the Warner Music Group on its acquisition of a minority stake in Croatian label Dancing Bear Records. Kramaric & Partners reportedly advised Dancing Bear.
CMS has advised Solar Park Trakia on the completion of the development of the 50-megawatt Sinotovo photovoltaic project in Bulgaria.
CMS has advised Austria-based Rail Cargo Group on creating a joint venture with Serbia-based Transfera.
Nyerges & Partners has advised Shikun & Binui Energy on a EUR 49 million loan from Raiffeisen Bank International AG for their second Romanian investment – a 101-megawatt photovoltaic facility located in Simleu Silvaniei. CMS reportedly advised Raiffeisen Bank.
CMS has advised Neveon on a joint venture with Brantner Green Solutions. E+H reportedly advised Brantner.
CMS has advised the EBRD, Partech, and Quadrille Capital on Rohlik Group's USD 170 million Series D1 round that also saw Sofina, Vitavest, Index Ventures, Waltman, EMEH, DTSG, All-Star Holding, and Rohlik.cz Investment participate. Pierstone advised Index Ventures. KLB Legal advised All-Star Holding. Reportedly, Perkins Cole advised the Rohlik Group, Horakova Legal advised EMEH, and Schoenherr advised DTSG.
CMS has advised Entek Elektrik Uretim on the acquisition of two Romanian companies owning the rights to a 214.26-megawatt solar power project under development from UK-based Econergy International.
Schoenherr has advised the Schwarzmueller Group on a partnership with the Krone Group. CMS reportedly advised the Krone Group.
CMS has advised Alcedo on its acquisition of Naturevo Romania.
The long-awaited Han Tervel tender procedure has been opened for bidding following the adoption of the Council of Ministers’ decision dated 23 August 2023 and its recent publication in the Official Journal of the EU.
CMS has advised Alior Bank, via its branch in Romania, on the sale of a portfolio of approximately 4,000 retail clients, to Romanian bank Patria Bank.
CMS has advised Alpla Group on its acquisition of Heinlein Plastik-Technik. Noerr reportedly advised Heinlein Plastik-Technik.
CMS has advised Agir Global on the acquisition of Steel Service Center Sidma Romania.
Squire Patton Boggs has advised the European Bank for Reconstruction and Development on establishing a renewable energy joint venture company with Goldbeck Solar Investment – Goldbeck Solar Investment Ukraine. CMS advised Goldbeck Solar.
Linklaters, Freshfields, Bittera, Kohlrusz & Toth, and Herbert Smith Freehills have advised AviAlliance and co-shareholders on the sale of Budapest Airport to a consortium consisting of Hungarian state-owned Corvinus Zrt and French co-investor Vinci Airports for a total purchase price of EUR 3.1 billion and net debt of EUR 1.2 billion. CMS advised Corvinus. Kinstellar, working with Orrick, advised Vinci Airports. Wolf Theiss, working with Latham & Watkins, advised the lenders on financing the transaction.
On February 29, 2024, energy experts from Bulgaria, Croatia, Moldova, Turkiye, and Ukraine sat down for a virtual round table moderated by CEE Legal Matters Managing Editor Radu Cotarcea to discuss the key developments in the field of oil & gas over the past few years.
In The Corner Office, we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. While in the legal field maintaining client relationships is vital, there are occasions when law firms must end engagements. To explore some of the reasons that might lead to this, we asked: After accepting mandates, what have been the main reasons for which you ended up having to drop clients?
In mid-2023, the Bulgarian Parliament finally formed a steady Government. The Parliament also introduced predictability in the regulatory environment for renewables along with several legislative developments.
CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.
CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.
CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.
Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.
In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.