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Assen Georgiev

Partner
Head of Litigation, Arbitration, Insurance, Employment, CMS Sofia

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

Assen Georgiev is a Partner at CMS Sofia and is Head of Litigation, Arbitration, Insurance, Employment.

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 and climate change, 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

"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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Memberships & Roles

  • 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
  • Arbitrator, the Arbitration Court at the Bulgarian Industrial Association
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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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Education

  • 1998 - Law LLM, Sofia University St. Kliment Ohridski, Sofia
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29 March 2021
Gabling laws in Bul­garia
1. Reg­u­lat­ory frame­work 1.1 Is there a Gambling Act (or equi­val­ent) in place?     Yes.The Gambling Act, pro­mul­gated in State Gaz­ette Is­sue 26 of 30 March 2012, as amended from time to time (the...
Comparable
22 March 2021
CMS made it to the Ar­bit­ra­tion Power­l­ist 2021 of Leg­al500
The Ar­bit­ra­tion Power­l­ist: Cent­ral and East­ern Europe show­cases the lead­ing prac­ti­tion­ers work­ing in a broad sweep of coun­tries, stretch­ing from Aus­tria and Po­land to the Balt­ic Na­tions and down to Ser­bia...
11 February 2021
Anti-coun­ter­feit­ing and Il­li­cit Trade
Des­pite COV­ID-19 vac­cines be­ing only a few months old, we are already see­ing the con­fis­ca­tion of coun­ter­feit vac­cines and the il­li­cit trade of genu­ine vac­cines. For those in the life sci­ences and health...
26 January 2021
Class ac­tions in Bul­garia
See the Over­view of the Rep­res­ent­at­ive Ac­tions Dir­ect­ive >> 1. Do you have a spe­cif­ic pro­ced­ure or pro­ced­ures for bring­ing “opt-in” class ac­tions?  If so, please out­line such pro­ced­ure(s) and...
Comparable
09 December 2020
Com­pens­a­tion re­gimes in light of COV­ID-19 vac­cines in Bul­garia
1. Is COV­ID-19 vac­cin­a­tion ob­lig­at­ory in your jur­is­dic­tion? Are you ex­pect­ing any le­gis­lat­ive changes to en­able man­dat­ory vac­cine for all or cer­tain peoples (e.g. health­care pro­fes­sion­als, pub­lic ser­vants...
Comparable
23 November 2020
AI Strategies in Bul­garia
1. Are there any gov­ern­ment­al ini­ti­at­ives in your jur­is­dic­tion aimed at in­tro­du­cing leg­al reg­u­lat­ory frame­work for AI? If so, please list them. No. No spe­cial work­ing Group for AI has been es­tab­lished...
Comparable
30 October 2020
Di­git­al Ho­ri­zons
 We are pleased to share with you our latest CMS thought lead­er­ship – Di­git­al Ho­ri­zons, a series of brief re­ports ex­plor­ing CEE’s di­git­al fu­ture.  Based on a re­cent sur­vey can­vassing the views of...
01 September 2020
Re­struc­tur­ing and in­solv­ency law in Bul­garia
1. What is the primary le­gis­la­tion gov­ern­ing in­solv­ency and re­struc­tur­ing pro­ceed­ings in your jur­is­dic­tion? Pur­su­ant to An­nex A to Reg­u­la­tion (EU) No. 2015/848 of the European Par­lia­ment and the Coun­cil...
Comparable
22 July 2020
Elec­tron­ic sig­na­ture law in com­mer­cial con­tracts in Bul­garia
1. Defin­i­tion and form­al re­quire­ments of writ­ten leg­al state­ments or leg­al state­ments leg­ally bind­ing if the law re­quires writ­ten form The leg­al state­ment in com­mer­cial agree­ments is con­sidered in writ­ten...
1 July 2020
Sign­ing with e-sig­na­ture in CEE
Di­git­al­isa­tion af­fects all as­pects of a busi­ness’s op­er­a­tions, in­clud­ing con­tracts, in­tern­al doc­u­ment­a­tion and em­ploy­ment re­la­tion­ships. The COV­ID-19 pan­dem­ic has cre­ated the need for con­tact­less and...
02 June 2020
In­ter­na­tion­al ar­bit­ra­tion law and rules in Bul­garia
After 1992-1993, ar­bit­ra­tion be­came an op­tion in Bul­garia for al­most all civil dis­putes and the rules ap­plic­able to do­mest­ic ar­bit­ra­tion were amended to bring them closer in line with the rules ap­plic­able...
02 June 2020
Leg­al term for pay­ments in Bul­garia
1.  Are there any spe­cif­ic leg­al re­quire­ments in re­spect of pay­ment terms? Yes, the pay­ment term le­gis­la­tion in Bul­garia for com­mer­cial trans­ac­tions is stip­u­lated in the Com­merce Act. The rel­ev­ant pro­vi­sions...