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Jenia Dimitrova

Counsel
Head of Real Estate

Contact
T +359 2 923 4853
CMS Sofia
Landmark Centre
14 Tzar Osvoboditel Blvd
1000 Sofia
Bulgaria
Languages Bulgarian, English

Jenia is Counsel at CMS Sofia. She is a Bulgarian-qualified lawyer, who heads the Real Estate and Construction Practice.

She advises clients on various real estate, lease and construction matters. Her competences and experience include the preparation and negotiation of design, development and construction contracts (including FIDIC-based contracts), preparation and negotiation of lease and services agreements. She has advised clients on a variety of real estate and commercial transactions, involving legal due diligence and acquisition or disposal of real estate assets (ranging from luxury houses to logistic sites or office/residential projects). Jenia has been heavily involved in the energy and climate change practice of the office with a focus on nuclear power plants and renewable projects.

Jenia coordinated the preparation of a comparative study on the expropriation procedures in Europe, aimed to support the Bulgarian Ministry of Regional Development and Public Works in introducing legislative amendments aimed at facilitating the implementation of large road infrastructure projects.

Before joining CMS, she was the chief legal counsel of HeidelbergCement operations in Bulgaria. She has also worked as an in-house lawyer for WorleyParsons Engineering Services company, where she was responsible for negotiating and monitoring performance of the contracts with the company’s subcontractors for Akkuyu NPP (Turkey) project.

In 2014 she was awarded a CMS CEE “Excellent Client Service” Award.

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Relevant experience

  • Alpha Bank on the sale by its affiliates of three office and residential projects in Sofia and advised on a dispute with a co-owner.
  • The logistics company Fresh and Food Logistics on the acquisition of the logistics activities of Froneri, a joint venture of Nestle and R&R for production of ice-cream, frozen foods, and dairy products in Sofia and Varna, Bulgaria.
  • AIG, Ocado, OMV, Endava. Nuvolo Technologies and Cargill on the signing of long-term office lease agreements.
  • Tishman Management International in leasing the premises in their Sofia Airport Center office and logistics buildings and GTC on the leasing of two shopping malls and an office building.
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Education

  • 2001 – LL. M., Faculty of Law, Sofia University, Sofia, 
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Memberships

  • 2002 – Sofia BAR Association 
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23 March 2017
Bul­garia: State Own­er­ship Act amended and sup­ple­men­ted
Re­cently, amend­ments and sup­ple­ments to the State Own­er­ship Act [1] (the “SOA”) were in­tro­duced.The main changes re­late to:Li­quid­a­tion of co-owned state prop­er­tyP­ri­or con­sent of the ex­ec­ut­ive dir­ect­or of the Agency for Privat­isa­tion and After Privat­isa­tion...
06/08/2015
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.
September 2017
CMS European Real Es­tate Deal Point Study 2017
The European in­vest­ment mar­ket con­tin­ued to per­form well after the pre­vi­ous re­cord-break­ing years. In 2016, total in­vest­ment volume was around EUR 230bn, less than 10% be­low the re­cord amount of the pre­vi­ous year. The highest trans­ac­tion volume in Europe was achieved in Ger­many in 2016, mark­ing a first for the coun­try. With a total of al­most EUR 60bn, Ger­many re­placed the UK as Europe's most at­tract­ive real es­tate mar­ket. Ger­many was re­garded as a ”safe haven“ in Europe due to its com­par­at­ively stable eco­nom­ic and polit­ic­al situ­ation and the di­versity of its prop­erty mar­kets.In 2016, geo­pol­it­ic­al ten­sions were great­er than they have been for many years. Don­ald Trump, ar­gu­ably the most con­tro­ver­sial can­did­ate in Amer­ic­an his­tory, gained the pres­id­ency, while the EU’s re­la­tion­ship with Rus­sia and Tur­key is in­creas­ingly un­der strain. In ad­di­tion to the on­go­ing risk of ter­ror­ism, Europe also faces the largest wave of mi­gra­tion for 100 years. Last year, the Brit­ish elect­or­ate voted to leave the European Uni­on. Al­though the pro­spect of Brexit has had an im­pact, es­pe­cially on the UK mar­ket, it has not triggered a slump in the in­vest­ment mar­ket; in­vest­ment is be­ing dis­placed in­stead. A lack of al­tern­at­ive in­vest­ment op­tions coupled with fa­vour­able fin­an­cing con­di­tions led to con­tin­ued strong de­mand for real es­tate in­vest­ment. A fur­ther ex­plan­a­tion for the slight fall in in­vest­ment volume com­pared with 2015 is that some in­vestors were frus­trated by a lack of sup­ply. Ex­cess de­mand caused the ask­ing prices for prop­erty to rise fur­ther, as a res­ult of which peak yields fell to re­cord-low levels. In re­sponse, in­vestors fo­cused in par­tic­u­lar on al­tern­at­ive as­set classes such as ho­tels, care homes and stu­dent ac­com­mod­a­tion. Along­side the ex­pect­a­tion of high­er re­turns, the lat­ter two prop­erty types have the ad­di­tion­al ad­vant­age that they are not sens­it­ive to the eco­nomy. Rap­id re-let­ting is prac­tic­ally guar­an­teed, thereby min­im­ising va­cancy risk.The new CMS European Real Es­tate Deal Point Study 2017 now in­cludes more than 1,100 trans­ac­tions. Com­pil­ing the study in­volved com­par­ing the trans­ac­tions on which we ad­vised in the peri­od 2010 to 2016, en­abling us to high­light de­vel­op­ments and trends.If you are in­ter­ested in re­ceiv­ing a copy of the full re­port, please get in touch with Dr Volk­er Zerr.

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1 July 2020
Sign­ing with e-sig­na­ture in CEE
This guide fo­cuses on the most im­port­ant leg­al areas where elec­tron­ic sig­na­tures are usu­ally used: em­ploy­ment law, com­mer­cial con­tracts, real es­tate law, cor­por­ate law and bank­ing and fin­ance con­tracts. This guide ad­di­tion­ally in­cludes help­ful at-a-glance
06 April 2020
CMS Ex­pert Guide to COV­ID-19 im­pact on con­struc­tion in­dustry
As the en­tire eco­nomy has been hit hard by the out­break of the COV­ID-19, also the con­struc­tion in­dustry is cur­rently fa­cing dra­mat­ic and dis­rupt­ive chal­lenges re­gard­ing fin­an­cial pres­sure, la­bour short­ages and sup­ply chain is­sues. In or­der to help our cli­ents, we have pro­duced a fre­quently up­dated, com­par­at­ive guide over the im­pact the COV­ID-19 has on the con­struc­tion sec­tor across vari­ous jur­is­dic­tions.
25 May 2020
Bul­garia ends state of emer­gency and im­me­di­ately an­nounces emer­gency epi­dem­ic...
Dur­ing the emer­gency epi­dem­ic situ­ation, the Health Min­is­ter is en­titled to de­term­ine anti-epi­dem­ic meas­ures (either for spe­cif­ic re­gions or for the en­tire coun­try) and im­pose each meas­ure via an or­der....
April 2019
Stu­dent Ac­com­mod­a­tion in CEE: the next big thing?
31 March 2020
CMS Ex­pert Guide to COV­ID-19 im­pact on lease agree­ments
COV­ID-19 is dom­in­at­ing the glob­al news and af­fect­ing all areas of busi­ness life. For both land­lords and ten­ants, the ques­tion arises as to the im­pact of the COV­ID-19 pan­dem­ic on their lease re­la­tion­ships. In this guide you will find a use­ful over­view of the im­pact COV­ID-19 has on leases across vari­ous jur­is­dic­tions. Please note that this com­par­at­ive ana­lys­is is based on our cur­rent eval­u­ation and is a sub­ject to fur­ther up­dates and amend­ments.
09 April 2020
Bul­garia amends its Emer­gency Meas­ures Act
Bul­gari­an law­makers have sug­ges­ted amend­ments to the Emer­gency Meas­ures Act ad­op­ted just two weeks ago in Bul­garia. (For de­tails on the ori­gin­al Emer­gency Meas­ures Act, see: Bul­garia: state of emer­gency...
20 March 2019
Glob­al Plan­ning/ Zon­ing/ Con­sent­ing Group
24 March 2020
Bul­garia: state of emer­gency le­gis­la­tion pub­lished today
Fol­low­ing nu­mer­ous le­gis­lat­ive pro­pos­als for amend­ments and sup­ple­ments between first and second vot­ing and a par­tial pres­id­en­tial veto, the Bul­gari­an par­lia­ment ad­op­ted the Act on the Meas­ures and Ac­tions...
October 2018
CMS European Real Es­tate Deal Point Study 2018
The European in­vest­ment mar­ket once again had a very strong year. At EUR 234 bn, total in­vest­ment volume was only 3% be­low the re­cord level seen in 2015. This fig­ure also rep­res­ents an in­crease of 7% year-on-year.
18 March 2020
Bul­gari­a's COV­ID-19 State of Emer­gency meas­ures bill re­ceived ini­tial par­lia­ment­ary...
In the wake of Bul­gari­a's March 13 law that places the coun­try in a State of Emer­gency un­til April 13, the Bul­gari­an par­lia­ment is about to ad­opt a Bill on the Meas­ures Dur­ing the State of Emer­gency,...
September 2017
CMS European Real Es­tate Deal Point Study 2017
The European in­vest­ment mar­ket con­tin­ued to per­form well after the pre­vi­ous re­cord-break­ing years. In 2016, total in­vest­ment volume was around EUR 230bn, less than 10% be­low the re­cord amount of the pre­vi­ous year...
22 July 2019
Bul­gari­a's high court rules pen­alty clauses to be as­sessed case by case,...
In a re­cent rul­ing by the Bul­gari­an Su­preme Court, which ad­dressed the is­sue of pen­alty clauses in lease agree­ments, the high court ruled that as­sess­ments on the valid­ity of pen­alty clauses should be...