Law Firm Pricing Based on Value not Time
Pricing professional and, in particular, legal services is complex. Above all, it is the foundation of the relationship with the client, the basis for trust. In our business, hourly rate has been the standard, the default fee arrangement for decades, first in the US, the UK and then Continental Europe. However, time recorded and billed, […]
Bulgaria M&A Market Update
Less deals and slower sale processes. Closing deals is contextual. In H2 2025, some major macro aspects must be factored in: – inflation – budget deficit – raising public and private debt – excessive lending and bad loans – energy sector indebtedness and inefficiencies – lower than predicted GDP growth – lower FDI Add: – […]
Какво не е наред с праговете за уведомления за концентрации в България?
Законите трябва да се променят в отговор на промените в обществената и икономическата среда, които уреждат. Законът за защита на конкуренцията от 2008 г. трябва да се промени в частта за контрол върху концентрациите – и една малка промяна може да има значителен благоприятен ефект за стартиращите, малките и средните бизнеси и инвестициите в страната. […]
Внимание! Фалшиви имейли от името на Aдвoкатско дружество Христов и съдружници
Уважаеми посетители на страницата ни, Получихме информация за разпространение на фалшиви съобщения по електронна поща от името на нашето адвокатско дружество, свързани с твърдени нарушения на търговска/и марка/и. Тези имейли не са изпратени от нас и може да съдържат подвеждащи твърдения или злонамерени линкове. Това представлява злонамерен опит за фишинг (phishing) атака и вероятно има […]
2025 will be different somewhat
Many M&A practitioners are optimistic and predict a better year, higher deal values and volumes. We think that better will not be distributed evenly. Some countries and regions will fare well and outperform others. It is fairly safe to assume that South East Europe and Bulgaria in particular will face headwinds. The unfavourable factors include […]
Memorandum Easy Money
They say that the era of easy money is over. I. Yet, private credit is booming. Non-bank, non-financial institutions such as PE fund managers directly lend money to various borrowers including to other PE fund managers to provide leverage for their acquisitions. II. Record fundraising by local funds. The second funds of the pioneering VC […]
Hristov Partners Advised Renters.pl on the Acquisition of a Majority Interest in Flat Manager
We are very pleased to announce that our firm has advised Renters.pl, an Enterprise Investors portfolio company, on this strategic acquisition. Our team included partners Pavel Hristov, Dragomir Stefanov and Biliana Shagova. Congratulations to all parties for the completed investment in this high growth business. Warm thanks to our clients Enterprise Investors and Renters.pl and […]
Hristov Partners Contributed to Chambers’ Corporate Governance Global Guide
Delighted to have contributed the chapters on Bulgaria in the latest edition of Chambers and Partners Corporate Governance Global Practice Guide 2024, alongside some of the leading international corporate law firms. Our partners, Pavel Hristov and Dragomir Stefanov elaborate on key and current corporate governance issues, trends and developments. Virtually all Bulgarian companies compete in […]
Reverse Due Diligence of Deal Partners
Historically and statistically, most joint ventures and business combinations have short and difficult lives. Lawyers can assist with preparation and negotiation of best of class, workable and practical corporate and legal structures and agreements. But only the parties, the would-be partners, can make the combined business work and succeed. Some of the more experienced co-investors […]
Financial Fundamentals Matter and Lawyers Must Look Into Those
M&A lawyers job is demanding and rightly so. Currently the legal role/workstream in a deal unquestionably requires deep understanding of the relevant non-legal aspects and elements of the deal and the deal’s business rationale. Analysing the capital structure of the target and the various capital components, is an integral part of the legal due diligence. […]