CMS has successfully represented the interests of Free Energy Project Oreshets – formerly owned by CEZ and currently a part of the Eurohold Group – in a dispute against the Bulgarian Ministry of Finance.
According to CMS, the dispute with the Ministry of Finance of the Republic of Bulgaria was related to the "return of the 20% solar and wind fee, which had been abandoned by the Bulgarian Constitutional Court in August 2014. By means of this final and enforceable decision, the Supreme Court of Cassation in Bulgaria confirmed the liability of the Bulgarian state represented by the Ministry of Finance."
The CMS team included Partner Kostadin Sirleshtov, Counsel Borislava Piperkova, and Senior Associate Elena Yotova-Yordanova.
This deal was originally published on CEE Legal Matters in February 2024, and has been reproduced with their permission.
