News

European data pro­tec­tion au­thor­it­ies im­posed fines totalling over 2.7 bil­lion euros in more than 1,500 pub­licly known cases for vi­ol­a­tions of the Gen­er­al Data Pro­tec­tion Reg­u­la­tion, which has been in...

CMS Sofia suc­cess­fully ad­vised El­ev­at­or Ven­tures (EV) – a ven­ture cap­it­al firm part of Raif­feis­en Bank In­ter­na­tion­al, on the third round of in­vest­ment for Cloud­Cart.As part of its strategy to in­vest and grow di­git­al busi­nesses in the CEE re­gion, EV pin­pointed Cloud­Cart as the next rising star among European tech com­pan­ies. Cloud­Cart’s plat­form of­fers end-to-end solu­tions for SMEs grow­ing their sales on­line or start­ing e-com­merce busi­nesses from scratch.  Our loc­al team led by Di­m­it­ar Zwi­atkow to­geth­er with Ivan Ger­gov and Elitsa Hinova ad­vised EV on all leg­al as­pects re­lat­ing to the con­clu­sion of the equity doc­u­ments. Set­tling for­eign in­vestor re­la­tion­ships with loc­al busi­nesses at times is par­tic­u­larly chal­len­ging due to the spe­cif­ics of the na­tion­al le­gis­la­tion.  Deals in the private equity and ven­ture cap­it­al seg­ment seem to grow in the CEE re­gion and to be­come in­creas­ingly at­tract­ive for in­vestors across vari­ous in­dus­tries.

Nedeljko Vel­is­avljević pro­moted to CEE Part­ner

Frank­furt, 11 Janu­ary 2022

Pub­lished on ceeleg­al­mat­ters.com­CMS has ad­vised Uni­Cred­it Bul­bank on the re­fin­an­cing of Sol­ari­an Hold­ing­s' 21-mega­watt op­er­a­tion­al photo­vol­ta­ic port­fo­lio in Bul­garia.Ac­cord­ing to CMS, the EUR 36 mil­lion re­fin­an­cing pro­ject relates to a num­ber of spe­cial-pur­pose com­pan­ies, in­clud­ing Con­sult Sol­ar EOOD, Sol­ar R1 EOOD, Sol­ar RAS EOOD, Green En­ergy Park EOOD, and Vento Eco En­ergy EOOD, all op­er­at­ing un­der the con­tracts-for-premi­um scheme, in­tro­duced by Bul­garia in or­der to re­place the feed-in tar­iff un­der the Second Re­new­able En­ergy Act.

Frank­furt, 29 Ju­ly 2021