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Dimitar Dimitrov

Dimitar Dimitrov


T +359 2 921 9917
CMS Sofia
Landmark Centre
14 Tzar Osvoboditel Blvd
1000 Sofia
Languages Bulgarian, English

Dimitar joined CMS Sofia in 2010 and is an Associate in the Real Estate Team.  He has advised foreign and local investors on different aspects of various renewable energy and real estate projects, including photovoltaic power plants, offices, logistics and warehousing centres, high-end residential properties, as well as greenfield energy projects and brownfield investments.  Part of his expertise includes due diligence, transaction negotiation, project financing and dispute resolution. 

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  • 2011 – LL.M., Master of Law, New Bulgarian University, Sofia
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CMS ad­vises on a glob­al set­tle­ment of FiT re­duc­tion dis­putes with TSO in...
CMS has suc­cess­fully ad­vised three of the key re­new­able en­ergy com­pan­ies op­er­at­ing in Bul­garia on a glob­al out-of-court set­tle­ment with the Bul­gari­an Trans­mis­sion Sys­tem Op­er­at­or (“ESO” EAD) re­gard­ing the Feed-In-Tar­iff (“FiT”) re­duc­tion re­cov­ery. The photo­vol­ta­ic power pro­du­cers - with in­stalled ca­pa­city ex­ceed­ing 100 MWp were rep­res­en­ted by CMS and achieved the suc­cess­ful re­pay­ment of the il­leg­ally im­posed by the Bul­gari­an State En­ergy and Wa­ter Reg­u­lat­ory Com­mis­sion grid ac­cess fees col­lec­ted by “ESO” EAD between Septem­ber 2012 and Decem­ber 2013.The ne­go­ti­ations, re­lat­ing to a prin­cip­al amount ex­ceed­ing EUR 20 mil­lion, were ini­ti­ated by CMS on be­half of the biggest Bul­gari­an photo­vol­ta­ic power pro­du­cers in May 2014, fol­low­ing the suc­cess of the glob­al set­tle­ment reached with EVN Bul­garia, an­oth­er Bul­gari­an re­new­able en­ergy com­pany. Fol­low­ing 18 months of con­stant leg­al and reg­u­lat­ory as­sist­ance, the first set of set­tle­ment agree­ments for photo­vol­ta­ic pro­jects in Bul­garia has been signed. Wind en­ergy com­pan­ies and oth­er re­new­able en­ergy pro­du­cers can also be af­fected by the same terms and con­di­tions.CMS has been act­ively sup­port­ing en­ergy com­pan­ies op­er­at­ing in Bul­garia which has been re­flec­ted by the firm’s po­s­i­tion in in­dustry rank­ings. The CMS En­ergy team in Bul­garia has been ranked by Cham­bers & Part­ners Band 1. CMS Sofia’s po­s­i­tion in the en­ergy sec­tor has also been con­firmed by its Leg­al 500 rank­ings, in which the firm is ranked in Tier 1. CMS has also been re­cog­nised as the best ad­visor for the en­ergy sec­tor in the whole CEE re­gion and ranked by Cham­bers & Part­ners in Band 1 in the “Pro­ject & En­ergy” cat­egory.The CMS team work­ing on the set­tle­ment was led by Kostadin Sir­leshtov, part­ner and Head of En­ergy in CEE, and in­cluded As­sen Geor­giev part­ner and Head of Dis­putes in CMS Sofia, Iliy­an Pet­rov, Maria Laz­arova, Bor­is­lava Pokrass, Pavlin Stoy­an­off, Dey­an Dra­giev, Elena Yotova, Di­m­it­ar Di­mitrov and Zor­nitsa Stoykova from CMS Bul­garia.
CEE Prop­erty Today (Is­sue 3)
We are de­lighted to wel­come you to the third edi­tion of our real es­tate fo­cused pub­lic­a­tion "CEE Prop­erty Today" in which we look at some of the leg­al trends and de­vel­op­ments that af­fect the prop­erty sec­tor in key Cent­ral and East­ern European (CEE) mar­kets.The real es­tate mar­ket has en­joyed sig­ni­fic­ant activ­ity across CEE over the past few months fol­low­ing suc­cess­ful real­isa­tion of prom­ising pro­jects by key mar­ket play­ers. Po­land and the Czech Re­pub­lic re­main the strongest mar­kets in the re­gion, with a pos­it­ive out­look for Ro­mania, Slov­akia and Hun­gary. Cent­ral and East­ern Europe con­tin­ues to of­fer sol­id pro­spects for fur­ther in­vest­ments in the sec­tor, par­tic­u­larly across lo­gist­ics and re­tail.In ad­di­tion to fast mov­ing mar­ket con­di­tions, le­gis­lat­ive de­vel­op­ments con­tin­ue to play an im­port­ant role in the re­gion. CEE Prop­erty Today high­lights some of the key leg­al is­sues that have shaped the real es­tate sec­tor in the past year and that con­tin­ue to be very rel­ev­ant go­ing for­ward.Some of the le­gis­lat­ive de­vel­op­ments, par­tic­u­larly those re­lated to new Civil Code reg­u­la­tion, have res­ul­ted in changes in as­set man­age­ment strategies de­ployed by land­lords. Oth­er changes im­posed by gov­ern­ments put more pres­sure on sellers’ li­ab­il­ity in dis­pos­ing of as­sets. There also are on-go­ing dis­cus­sions on non-na­tion­als ac­quir­ing ag­ri­cul­tur­al land which con­tin­ues to be a chal­lenge for those seek­ing to ex­pand their busi­ness in se­lec­ted CEE coun­tries.We trust that these and oth­er top­ics that we look at in this year’s edi­tion are of in­terest to you. Please do get in touch if you would like to re­ceive more in­form­a­tion on any of these top­ics or on any oth­er leg­al is­sues af­fect­ing your busi­ness in Cent­ral and East­ern Europe.