Happy Holidays to all young, curious and ambitious (would be-)colleagues, who have recently started or are about to start their journey in our distinctive profession! Next year, in 2021, starting in mid-January, our managing partner Pavel Hristov will give each 2 (1+1) hours of his time to 10 of those (would be-)lawyers. In a video or […]
The Bulgarian competition authority (the Commission for Protection of the Competition or the CPC) has prepared and published a proposal for a draft law for amendment of the Competition Protection Act. The main purpose of the amendments is to implement into the national legislation certain provisions of Directives 2019/1 and 2019/633 that have not been […]
Hristov & Partners, alongside with the global counsel, has advised MTD Products Inc., with headquarters in Cleveland. Ohio, the leading manufacturer of outdoor power and lawn care equipment, on the restructuring of its business operation in Bulgaria. The restructuring was based on business review and included among others voluntary liquidation of the Bulgarian subsidiary company […]
Hristov & Partners advised the acquirer on certain aspects of the transaction documents for the purchase of assets and production facilities of one of the leading producers of processed foods in Greece Creta Farms. Impala Invest Group stated that “this is the biggest foreign (outbound) investment by a Bulgarian food company”. Our firm’s team was […]
Bulgarian competition authority’s prohibition of the sale of CEZ assets in Bulgaria annulled by the court
On 22 July 2020 the Sofia Region Administrative Court annulled the Bulgarian Commission for Protection of Competition’s decision from 2019 prohibiting the acquisition of Czech utility CEZ’ assets in Bulgaria by the financial and insurance group Eurohold Bulgaria. The court found that the Commission had committed severe procedural violations depriving the parties from their right […]
On 16 July 2020 the European Court of Justice (ECJ) rendered its much anticipated ruling in Case C-311/18 (Schrems II) by which it invalidated the European Commission’s Decision on the adequacy of the protection provided by the EU-US Data Protection Shield (the Privacy Shield Decision) and provided some important insight on personal data transfers outside […]
On 11 June 2020 the Commission for Protection of Competition (CPC or the Commission) adopted Decision No. 466/11/06.2020 (the Decision) imposing fines in a total amount of c. BGN 4,410,000 (c. EUR 2,250,000) on CEZ Bulgaria, CEZ Electro Bulgaria and CEZ Razpredelenie Bulgaria (collectively CEZ) for abuse of a stronger bargaining position under Art. 37a […]
What will be the new normal for employers in terms of health data processing in the post-quarantine reality?
COVID-19 screening at the workplace
We will likely be wrong with some of our predictions but still hope this is helpful. Like in other European markets we see a significant decline in the M&A activity. Overall, we are not optimistic and anticipate a more substantial general recovery not earlier than in 2021. In Bulgaria, a return to the 2018-2019 deal […]
Hristov & Partners is privileged to support the highly innovative and influential Webit Festival as a Partner and Bulgarian legal counsel. The Global Webit Series and Webit Virtual redefine the future of high-impact thought-leadership events and networks.