Law Firms’ Evolution: Late but Inevitable
Modern law firms expand and grow at breathtaking speed, empowered by surging demand and technology (regardless extreme obstacles such as a global pandemic, travel restrictions lockdowns and working from home). The firms’ structures and business models, however, have changed marginally. The prevailing model is a partnership. Firms are managed by partners, who are typically excellent […]
Bulgaria M&A Brief Practical Notes 6
Typically M&A is about acquiring or merging businesses and companies. More and more often, it is and will increasingly continue to be about people: founders, leadership, management, key employees, employees with specific skills and expertise. Naturally, this will further complicate valuations, since many variable factors are to be accounted (all personal circumstances will likely differ […]
Mогат ли да бъдат вредни за българската икономика и правова държава регулатори като Комисията за защита на конкуренцията?
Когато един регулаторен държавен орган не изпълнява ефективно и в пълен обем възложените му по закон правомощия този орган не функционира в полза на обществото и икономическото развитие. И там, където регулираният от закона пазар не е в достатъчна степен конкурентен и либерализиран и пазарната сила е концентрирана в един или малко на брой пазарни […]
The CJEU’s ruling on antitrust damages in case C-882/19 (Sumal)
Today the European Court of Justice rendered its preliminary ruling in case C-882/19 (Sumal) finding that a victim of an infringement of EU competition law is entitled to claim damages from a subsidiary of the infringing company. To that end, the claimant must prove that the subsidiary and the parent company formed an economic entity […]
Our Firm Acted for CTP on the Acquisition of Sofcor Logistics from Cordeel Group N.V.
Hristov & Partners acted for CTP on the acquisition of Sofcor Logistics, a park operator in Sofia, from the international developer Cordeel Group N.V. in what is the largest deal (in value) in the logistics real estate sector year to date. Hristov & Partners’ team included partners Pavel Hristov, Biliana Shagova, senior associate Dragomir Stefanov and of counsel Kremena Stoyanova. “We are very pleased […]
Hristov & Partners Promotes Dragomir Stefanov
Hristov & Partners is very pleased to announce the promotion of our colleague Dragomir Stefanov to Senior Associate, effective from 20 August 2021. “Dragomir has been a valuable member of our team. Our clients and peers praise his expertise, responsiveness, creativity and commercial awareness. We are proud of Dragomir’s fantastic progress and confidently expect his […]
Bulgarian Competition Commission’s 2020 Activity Report
The Bulgarian competition authority published its 2020 activity report. The highlights include: Total cases opened – 907 Total decisions and rulings issued – 927 Like in previous years the large majority of cases concerned appeals against public procurement procedures – 803 cases in total that is more than 88.5% of the total cases in 2020 […]
Bulgaria M&A Brief Practical Notes 5
M&A lawyers play a role in the deal-making process. A critical part of that role is to facilitate the closing of the transaction. That’s why when selecting their M&A advisers clients would often look into the respective lawyer’s closing track-record, and try identify who the best closers are among the shortlisted lawyers. The path to […]
Bulgaria M&A Brief Practical Notes 4
What to consider in a tech acquisition due diligence in Bulgaria? Products and IPRs In Bulgaria copyrights in software developed by company’s employees belong to the company-employer, if created within the employment relationship and absent agreement with the employee to the contrary. Similar rules apply to inventions, but the company has a 3-month period upon […]