Picture of Assen Georgiev

Assen Georgiev

Partner
Head of CRD, CMS Sofia

CMS Sofia
Landmark Centre
14 Tzar Osvoboditel Blvd
1000 Sofia
Bulgaria
Languages Bulgarian, English

Assen Georgiev is a partner at CMS Sofia where he heads the Commercial, Regulatory and Dispute Resolution practice.

He has represented clients in litigation/court disputes and advised on out-of-court settlement arrangements, mediation and arbitration proceedings in a variety of sectors including energy, construction, competition, commercial and banking.

Prior to joining CMS, Assen was a Co-Managing Partner of Legacom® Antov and Partners, one of the most reputable Bulgarian law firms.

Assen is a certified mediator in the Register of the Bulgarian Ministry of Justice. He is also arbitrator with the Arbitration Court at the Confederation of Employers and Industrialists in Bulgaria. 

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"Impressive service, providing fast responses and confident opinions."

Chambers & Partners Europe, 2015

"On behalf of EU SUNDAY, I would like to express our sincere gratitude and best appreciation for the professional service rendered by you. I am impressed by the professional excellence, immense client understanding and high level of energy shown by you. I feel proud that I have such a great attorneys and you have led the case in the right direction. I sincerely appreciate your role in the success and wish that you would keep up the excellent performance in future too"

SDN Company

Relevant experience

  • Bulgarian National Bank (BNB) on tens of claims for state liability arising from BNB’s revocation of license of a major Bulgarian bank.
  • Jack Daniels’ Properties, international distributor of alcoholic beverages, before the highest Bulgarian court – the Supreme Court of Cassation in two complex cases related to trade mark rights, unauthorized import and exhaustion of IP rights; assistance with subsequent enforcement proceedings.
  • Iberdrola Renovables, the leading Spanish renewables company, on its several million euro dispute with Bulgarian State-owned grid operator arising out of a wind energy project.
  • SDN Company (South Korea), major energy sector foreign investor, and its local subsidiary in their disputes with Bulgarian subcontractors regarding construction of one of the largest solar parks in the country.
  • Representing some of the largest foreign investors in renewable energy in Bulgaria - ACWA Power (Saudi Arabia), First Reserve (USA), Crescent (Turkey), Efacec (Portugal), SDN Company (South Korea), Astronergy (South Korea), SPMA (Italy) and their subsidiaries before the Bulgarian administrative courts in appeal procedures against the Bulgarian state energy regulation authority.
  • Russian state-owned enterprise FGUP in successful enforcement of international arbitration award of the London Court of International Arbitration against debtor in Bulgaria, including blocking the debtor’s real estate property in Bulgaria.
  • Novera in investment arbitration proceedings against Republic of Bulgaria in the International Centre for Settlement of Investment Disputes (ICSID) in Washington D.C., USA, arising out of bilateral investment treaty. The client’s claim is based on indirect investment in three local companies holding concessions which were unilaterally terminated by Sofia Municipality.
  • Bilfinger SE, leading international construction company, in a multi-million dispute in the Arbitration Court at Bulgarian Chamber of Commerce with a local subcontractor arising out of the construction of a major military project in Bulgaria.
  • Hochtief (Germany), leading international provider of construction-related services, in an arbitration proceeding against the Bulgarian Ministry of Regional Development and Public Works for various claims concerning the construction period of this project, where we convinced our client to take an out-of-court settlement approach, and won a settlement for them.
  • International investment fund Green Power Development Holding Company B.V. –special purpose vehicle of major Japanese investors in Europe with involvement of Mitsubishi Group – on a multi-million euro arbitration dispute with local developers arising out of a 180 MW wind energy projects in Bulgaria before the Arbitration Court at Bulgarian Chamber of Commerce and Industry.
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Education

  • 1998 - Law LLM, Sofia University St. Kliment Ohridski, Sofia
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Memberships

  • Member, Sofia Bar Association.
  • Certified mediator, the Register of the Bulgarian Ministry of Justice.
  • An arbitrator, the Arbitration Court at the Confederation of Employers and Industrialists in Bulgaria.
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Publications

  • 2014 and 2015 - GAR - The European, Middle Eastern and African Arbitration Review
  • 2014 - Experts review: Arbitration, “Arbitration in Bulgaria – Overview“, CEE Legal Matters, 
  • 2013, 2014 and 2015 - Global Legal Insights – Chapter Bulgaria
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CMS Ex­pert Guide to In­ter­im Meas­ures
09/02/2018
Bul­garia ad­opts new anti-cor­rup­tion le­gis­la­tion
On 19 Janu­ary 2018, a new Anti-cor­rup­tion and For­feit­ure of As­sets Act (AFAA) entered in­to force in Bul­garia, re­pla­cing two ex­ist­ing pieces of le­gis­la­tion – the Pre­ven­tion of Con­flict of In­terest Act, and the For­feit­ure of Il­leg­ally Ac­quired As­sets Act.
14 December 2016
CEE Con­sumer Products Up­date
25/07/2017
Bill pro­poses sig­ni­fic­ant amend­ments to Bul­gari­an Civil Pro­ced­ure...
On 7 Ju­ly 2017, the Bul­gari­an Par­lia­ment ad­op­ted the first draft of a bill (“Bill”) to sig­ni­fic­antly amend vari­ous areas covered by the Civil Pro­ced­ure Code (“CPC”) and oth­er civil laws. The second par­lia­ment­ary vote on the Bill will likely take place in Septem­ber.
28/04/2014
CMS adds 31 part­ners across the firm
27/01/2017
Bul­garia ad­opts sig­ni­fic­ant re­form of ar­bit­ra­tion law
On 12 Janu­ary 2017, the Bul­gari­an Par­lia­ment ad­op­ted an amend­ment to Art­icle 19 of the Civil Pro­ced­ure Code, en­ter­ing in­to force on 24 Janu­ary 2017, which ex­cludes dis­putes in­volving con­sumers from ar­bit­ra­tion (State Gaz­ette 8/24.
29/12/2016
Bul­gari­an Su­preme Court of Cas­sa­tion in­ter­prets au­thor­iz­a­tion
The Su­preme Court of Cas­sa­tion has is­sued on 12 Decem­ber 2016 In­ter­pret­at­ive De­cision 5/2014 un­der in­ter­pret­at­ive case 5 of 2014 whereby the Su­preme Court of Cas­sa­tion gave in­ter­pret­a­tion as per Bul­gari­an law on a num­ber of im­port­ant is­sues re­lated to au­thor­iz­a­tion.
24/11/2016
Bul­garia amends Or­din­ance on Min­im­um At­tor­ney Fees
The Su­preme Bar Coun­cil of the Re­pub­lic of Bul­garia ad­op­ted the amend­ment of Or­din­ance 1 of 2004 on the min­im­um amounts of at­tor­ney fees (the “Or­din­ance”, pro­mul­gated in the State Gaz­ette by is­sue 64/2004, as amended form time to time), which has been also.