BANKING & FINANCE
Provided comprehensive Bulgarian law advice to a major European financial institution on a Euro 200+ million financing for the Kozlodui Nuclear Power Plant.
Provided legal opinion to the lender in connection with a USD 80 million external financing for the Kozlodui Nuclear Power Plant.
Advised the facility agent to a consortium of lending banks on a multiple-tool financing (totalling Euro 100+ million) in connection with the privatisation of a major Bulgarian holding company.
Advised a leading international financial institution on its Euro 35 million secured loan to a large local municipality.
Provided legal opinion, as external counsel for the borrower, to a European investment institution in connection with a Euro 10 million financing.
Providing comprehensive Bulgarian law advice to the lender (a major Far East financial institution) in connection with a Euro 200+ million (in equivalent) export credit facility as part of a Euro 280 million energy project supported by a state guarantee.
Providing continuing advice to a major European bank on a Euro 70 million bridge loan facility and on a subsequent Euro 45 million loan facility to a leading foreign-owned local company where we act as sole advisor in the absence of international counsel.
Advising a leading international financial institution on its Euro 30+ million loan facility to a major foreign-based multinational company to support its green-field investments in Bulgaria.
Advising a major European bank on its Euro 7+ million export credit facility to a local company.
Providing ongoing advice to the Bulgarian subsidiary of a leading international bank on its standard contract forms and various local law issues.
Advised a leading public company on the redemption of its shares.
Advised several local investment companies on the structuring of a purchase of shares in a large public company.
Conducted Bulgarian custody law research for the Russian branch of a major French law firm and for the Paris branch of a major UK law firm.
Rendering ongoing legal advice to a large local public holding company on corporate and securities law issues.
CONCESSIONS / ENERGY
Advised a leading international water company on its bid for the water concession of Sofia Municipality and on the Varna-Shumen Water and Waste Water Concession project carried out under the auspices of the World Bank PSP project and involving more than 20 Bulgarian municipalities.
Rendering comprehensive ongoing legal advice to a foreign company on its exploration and development of substantial oil and gas reserves in the Bulgarian sea shelf of the Black Sea and on the related production of oil and gas, including in connection with the USD 75 + million multi-layered financing of the companys operations provided by a leading international financial institution and a major mezzanine debt provider.
Providing continuing advice to the Bulgarian office of a leading international energy company in connection with a large-scale energy-saving project intended to benefit from the Kyoto protocol on greenhouse gas emissions.
Providing comprehensive continuing advice to the foreign investor in the first large-scale energy-saving project awarded by a public entity to a foreign controlled local company under the public procurement law.
Providing continuing advice to a foreign controlled mining company on the implementation of a concession agreement and the related privatisation contract, as well as on various material contracts in connection therewith (royalty agreement, long-term off-take agreement, etc); Advising said company on the clean-up of historic environmental pollution and financing thereof.
Providing strategic advice on the restructuring of the local subsidiary of a French-based international energy company.
Providing preliminary advice to a foreign contractor in connection with an international energy contract involving a Bulgarian company.
Commissioned to advise in 2004 a major international financial institution on its debt financing of a selected group of state-owned regional water and sewerage companies.
Advising a major local sea resort company on the implementation of a sea beach concession agreement.
Advising a major local sea resort company on its challenge of a mining exploration concession procedure.
MERGERS AND ACQUISITIONS
Acted as principal instructing lawyers to the local lawyers on a series of transactions totalling Euro 4+ million in connection with the take-over of a public company in a neighbouring country.
Advised the consortium of large international private equity funds on its acquisition of one of the largest privately held local companies (cancelled).
Advised in connection with the Euro 1.5 million privatisation of a sand digging and dragging company and on the related bank financing.
Advising a leading international private equity fund on its acquisition of a controlling stake in a local fast-growing financial services company.
Advising a French auto part manufacturer on its potential acquisition of the assets of a Bulgarianmanufacturer.
LITIGATION AND ENFORCEMENT
Represented several local and foreign companies in their challenge of various local and foreign arbitral awards in the Bulgarian courts;
Represented a Spanish company in connection with the recognition and enforcement in Bulgaria of a USD 0.5+ million Swiss arbitral award.
Advising a foreign controlled local bank on its USD 6 + million claim in an insolvency litigation.
Advising and assisting a foreign controlled local bank in the foreclosure on various security in connection with a USD 6+ million loan to a local company.
Represented a foreign controlled local bank in its USD 1 + million claim in an insolvency case and related issues.
Represented a major foreign-controlled Bulgarian company in its challenge of a local arbitral court award in the Supreme Court of Cassation.
Representing a local corporation in its defence in connection with a breach of the public procurement rules for the telecommunications industry.
Representing a US corporation in its litigation to regain corporate control over a local company.
Advised a large European commodity trading company on a USD 12 million worth import of grain into Bulgaria in respect of public procurement and commodity exchange rules and procedures.
Advised a large Far East company in connection with the dry leasing of passenger air planes in Bulgaria.
* This list is intended to provide an overview of the transactions and matters in which the Partnership has recently been involved and is therefore not exhaustive.