Bulgarian National Bank Continues Rising Interest Rate
As from December 1, the Bulgarian National Bank increased the Base Interest Rate to 1.30%. This is the third consecutive increase in the last three months. The interest rise is to address the high inflation which in the BNB estimate will be c. 15% on annual basis at the year end. Going forward, BNB will […]
Insight from the Bulgarian Competition Protection Commission in one of its latest antitrust cases Nikon/PRG/Profiled
On 29 September 2022 the Bulgarian Competition Protection Commission (CPC) adopted a commitments decision in proceedings involving an alleged violation of Art. 15 of the Bulgarian Competition Protection Act and Art. 101 of the TFEU by Nikon Europe B.V. and its Bulgarian authorized distributor. The decision provides rare insight on how the CPC approaches selective […]
Hristov & Partners Advised on the Sale of Fidelis Research
We are delighted to have acted for a seller financial investor on the sale of its shares in the capital of Fidelis Research to BioIVT, a portfolio company of Linden Capital Partners. Fidelis Research is an innovative, fast-growing biospecimen and clinical trials group of companies, headquartered in Bulgaria, operating across South East Europe. Our team […]
Law Firm Platforms
We are determined to learn from the market leaders and the most innovative firms in our industry. One new development stands out. The law firm as a platform. By analogy to IT/tech sector, independent lawyers / experts in specific areas of law can access the platform and build/integrate their own services. In practice we’ve seen […]
Pavel Hristov Interview for CEE Legal Matters
Our partner Pavel Hristov’s interview for the regional legal news publication CEE Legal Matters topped their monthly ranking of the top 10 most read interviews with over 16,000 views! “In this challenging and rapidly changing environment, our firm’s focus and specialization in corporate matters and M&A transactions has paid off and helped us ride the […]
The next most valuable asset in M&A
You will hardly be surprised: people. High-growth companies will be challenged to justify record high valuations based on revenue growth only, they must firmly stand on the path of sustainable profitability. Hence, people (founders, executives, top and mid-level management and key employees), with their often unique skillsets, expertise, experience and reputation, will be instrumental to […]
The new rules on whistleblowing in Bulgaria
On 21 April 2022, a draft law implementing Directive 2019/1937 of the European Parliament and of the Council of 23 October 2019 on the protection of persons who report breaches of Union law (the “Draft WBA”) was published for public consultations. The consultations period will end on 23 May and shortly after that the Draft […]
Legal 500 2022 Confirms Hristov & Partners Top Rankings
For our clients and partners, we continue to better ourselves. Another consequent, fantastic recognition by the leading international legal directory The Legal 500 (Legalease). Our firm retains its Tier 2 ranking in the most coveted category Commercial, corporate and M&A and in the EU and Competition category. Our senior associate Dragomir Stefanov is now consistently recognized […]
M&A Due Diligence Management Presentations
Another very important aspect in a M&A process. Top management (nowadays very often includes the founder/s of the target company, the masterminds behind the successful business venture) may sell the company (at a premium) or deter potential investors. Generally, management presentations to investors and their advisers will be considered disclosures (disclosed facts) against the representations […]
The upcoming new rules on dual distribution in the EU
A common practice in distribution chains across the EU and in Bulgaria, dual distribution refers to a situation where a supplier sells goods or services in direct competition with its distributors, i.e. to retailers or end clients. Some of the competition concerns stemming from the ‘dual nature’ of the supplier-distributor relationship in these cases were […]