1. What are the common legal frameworks used for rooftop PV systems in the country? Rooftop (as well as facade) PV installations constitute ‘con­struc­tion’ in the meaning of Bulgarian spatial development...

CMS and King & Spalding have successfully represented ACF Renewable Energy Limited – a JV between ACWA Power, Blackrock, and Crescent Capital – in an ICSID case against Bulgaria for the breach of...

1. Do you have to enter into a form of agreement with the local au­thor­ity/mu­ni­cip­al­ity when applying for consent for a data centre in your jurisdiction? There is no specific requirement to enter into...

1. Due diligence costs for the purchase of real estate 1.1 Municipal search Cost Variable depending on the particular municipality. VAT Nil 1.2 Utility search (each service) Cost N/A VAT Nil 1.3 Land...

Recent work highlights Planning and environmental Supported M + W Group in preparation for their bid regarding the construction of the largest waste-to-energy facility in Bulgaria. Advised a client on real estate matters regarding the development of a shopping mall in the city of Sofia and on the first sale of an office building in Bulgaria. Construction and development Advised Kaolin AD on the agreement relating to the construction of a production unit. Advised Swietelsky, a leading Austrian construction company, on issues related to the construction of railroad segments in Bulgaria. Advised Robul Bulgaria on a real estate acquisition deal, including support on the preliminary agreement, due diligence of real estate and final real estate transaction. Investment and disposal Advised Revetas on the establishment of two SPVs, the sale of a logistics project, the amendment of an existing financing as well as the partial repayment thereof, the regulation of the horizontal condominium relation in a logistics and office real estate project. Advised Europa Capital on the sale of Mall of Sofia, a 23,600m² shopping centre with 10,400m² of office space, to GTC. Tishman International Management on the sale of its real estate office development. Advised Austrian Private Equity Funds on the sale of the 75,000m² office building Megapark. Managers and occupiers Advised SKF Motion Technologies | on ongoing legal matters, including lease agreements, corporate, real estate, commercial matters. Advised Ocado Technology on a long-term lease agreement. Advised an Austrian steel trader on drafting and negotiation of lease agreements in relation to logistic and storage premises. Advised a GTC affiliate company, developing a two-phased office project in Sofia with a total gross leasable area of c. 32,000m², on the negotiation of a lease agreement with an anchor tenant. Advised Tesla, on bringing their charging stations lease documentation in compliance with Bulgarian law and on all related permitting and registration matters. Financing Advised UniCredit Bank Austria on the restructuring of a real estate financing in Bulgaria. Advised OTP Bank / DSK Bank on the refinancing of two shopping malls including structuring, due diligence, new finance documents, signing and closing. Advised UniCredit S.p.A. / UniCredit Bulbank on the restructuring of a €116m real estate financing, tax and corporate restructuring, debt deleveraging, new development, amendment and restatement of facilities agreement and new security package. 

1. Legal incentives for investments specifically in the I&L sector in CEE-17 Investors in the Industrial and Logistics sector can benefit from cash grants for improving the qualifications of existing...