Tag: Bulgaria

Amendments in the Bulgarian Advocacy Act

The national special law regulating the requirements for and the exercise of the legal advocacy profession, the Advocacy Act of 2004, was amended with effect as from 2 March 2021 (see State Gazette, Issue No. 17 of 26 February 2021). As per the amendments: A single Bulgarian attorney-at-law (advocate) admitted to the Bar or an […]

Bulgaria M&A Brief Practical Notes 2

The value of a startup is in its people (the founder/s and the key employees), the product(s) or service(s) and the main income sources (e.g. material contracts with key customers). We live in times when entrepreneurs are celebrated and their successes widely recognized. Times when startup companies can accelerate (thanks to factors such as new […]

Bulgaria M&A Brief Practical Notes 1

Most will agree that doing M&A deals is a science and an art. It usually requires teamwork, discipline, determination and resilience to see through an acquisition or a divestment respectively. The successful closing of a M&A deal and the successful post-closing integration critically depend on (i) strong business rationale of the transaction; (ii) availability of […]

Hristov & Partners has advised on the MTD Bulgaria Restructuring

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 Acts for Elit Car on the Acqusition of LKQ Corp. Business in Bulgaria and Formation of a Joint Venture

Hristov Partners acted for Elit Car and its founders on the parallel acquisition of Auto Kelly Bulgaria Ltd. and the sale of 20% of Elit Car’s share capital to Auto Kelly a.s., an affiliate of LKQ Corporation (NASDAQ: LKQ), a global automotive spare parts conglomerate, in a complex series of interrelated cash and shares transactions. The combined business, which will continue to operate under both […]

Pavel Hristov: “IT is booming in Bulgaria”, in an Interview for CEE Legal Matters

CEE Legal Matters has published an overview of the Bulgarian legal market with the views of some of the market leaders. Our partner Pavel Hristov commented on the pending concession procedure for the Sofia Airport, IT industry and its growth potential, and Bulgaria’s investment climate. “IT is booming in Bulgaria and it has excellent potential, […]

Pavel Hristov in CEE Legal Matters: Corner Office

Our partner Pavel Hristov spoke to CEE Legal Matters, “The Corner Office: Mentors”: “My mentors: Roman Tarlavski, CMS Netherlands and Robert Hayhurst, CMS CEE/Budapest. One characteristic both Roman and Robert shared – in addition to being among the most accomplished dealmakers in their respective markets – was that each had a disciplined, patient, and structured approach […]

Hristov&Partners New Recognitions in the 2018 Chambers Global and Legal500 Rankings

We are very pleased of our firm’s new recognition and excellent client feedback for the quality work of our Partners Biliana Shagova, Aldin Shenkov and Pavel Hristov in the 2018 editions of the international legal directories The Legal 500 EMEA and Chambers Global. Our clients praise Biliana Shagova as ‘extremely diligent‘. Pavel Hristov is ‘client […]