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Europe Guide
Firm Profile

Spasov & Bratanov Lawyers' Partnership

Firm Profile

Sofia

  • Office Center “Slavyanska”, floors 2/3
  • 29A Slavyanska Street
  • Sofia
  • Sofia City
  • Bulgaria
  • 1000

Firm profile submitted by Spasov & Bratanov Lawyers' Partnership

Managing Partner: Georgi Ivanov Spasov
Number of partners: 4
Number of lawyers: 16
Languages: Bulgarian, English, French, German and Russian


Founded in 1999, Spasov & Bratanov has grown to become a leading Bulgarian business law firm. The firm’s focus practices include banking and finance, M&A and competition, energy and infrastructure projects, as well as complex commercial and administrative litigation. The firm has strong relationships with several major international law firms which allows it to meet its international clients’ broad range of legal needs in Bulgaria. The bulk of the firm’s work relates to foreign entities, partnerships or individuals investing in, and extending credit to, Bulgarian companies, projects or assets. Uniquely for Bulgaria Spasov & Bratanov boasts US and UK law qualified and experienced partners which enables the firm to provide legal services at a level commonly expected from international clients. The firm aspires to provide experience of working abroad for its associates and junior lawyers by way of secondments to international law firms. The firm’s clients include leading international and Bulgarian companies, banks, non-banks, multilaterals, private equity funds and partnerships. The majority of the international clients are from Western Europe, the US, Central & Eastern Europe and Russia.

Banking & Finance:
2 partners, 5 fee earners
■Acting for Citigroup in connection with its EUR 200 million secured term loan financing to Cosmo Bulgaria Mobile EAD and its various affiliates, Bulgaria’s second largest mobile operator
■Acting for Bank of New York Mellon in relation to the distressed disposition of the Sofia Hilton Hotel as part of the consensual restructuring of approximately EUR 700 million secured loan and associated debts owed by the Quinn Group and, among others, its Bulgarian subsidiaries to various lenders including Barclays Bank
■Acting for BNP Paribas in connection with its EUR 75 million secured term loan financing to Moto-Pfohe (a leading Bulgarian car dealership)
■Acting for EBRD in connection with its EUR 11 million term loan financing for Plovdiv Municipality
■Acting for EBRD in connection with its EUR 12 million secured term loan financing for a leading Bulgarian meat processing company
■Acting for a multi-lender syndicate led by BNP Paribas in connection with its EUR 200 million secured term loan financing to Monier Participations S.ar.L and its Bulgarian subsidiaries
■Acting for VTB Capital in connection with its US$130 million term loan financing to the parent of Bulgarian Telecommunications Company AD
■Acting for International Investment Bank in connection with its EUR 25 million term loan financing for to the Bulgarian Development Bank
■Acting for Bulgarian Energy Holding EAD (Bulgaria’s largest company by assets) in connection with its EUR 400 million eurobond issuance
■Acting for VTB Capital in connection with the multi-jurisdictional US$100 million eurobond issuance guaranteed by Corporate Commercial Bank AD)
■Acting for BANDOLA PROPERTIES LIMITED in connection with its mandatory tender offer for the purchase of the minority shareholding in Sofia Hotel Balkan AD Partners and Counsel involved in the above work include Messrs Georgi Spasov and Vassil Hadjov, and Ms Nadia Hadjova.
Key Clients: EBRD, IFC, JBIC, FMO, EDC, China Development Bank, Citigroup, Societe Generale, BNP Paribas, UniCredit Bank Austria, Deutsche Bank, Barclays Bank, Raiffeisenbank (Bulgaria), Axis Bank
Contacts: Georgi Spasov, Vassil Hadjov and Nadia Hadjova Tel: +359 2 981 7000
Email: [email protected], [email protected], [email protected]

M&A:
4 partners, 6 fee earners
■Acting for ENERGO-PRO a.s. in connection with its acquisition of electricity distribution, supply and trading businesses of E.ON Energie AG, including completed merger clearance
■Acting for Nova Broadcasting Group AD (a subsidiary of MTG Modern Times Group AB) in connection with its acquisition of a majority stake in Netinfo, a leading Bulgarian web media conglomerate
■Acting for MTG Modern Times Group AB in connection with its contemplated acquisition of a leading Bulgarian TV production company
■Acting for VTB Capital in connection with its acquisition of a minority stake in Corporate Commercial Bank
■Acting for Group Five Infrastructure Developments (Pty) Limited in connection with its acquisition of a majority stake in the joint venture company to acquire, finance, construct and operate Sofia West Airport, Bulgaria’s first privately held international airport
■Acting for Bulgarian Energy Holding EAD (Bulgaria’s largest company by assets and national champion in the energy sector) in connection with numerous corporate transactions and matters Partners and senior lawyers involved in the above work include Messrs Georgi Spasov and Boyko Bratanov, and Ms Jana Djambazova and Ms Kremena Yaneva.
Key Clients: Bulgarian Energy Holding, MTG Modern Times Group, The Nuance Group, EBRD, IFC, AES Bulgaria, Renault, Energo-Pro a.s., CEZ Contacts: Georgi Spasov, Boyko Bratanov and Kremena Yaneva
Tel: +359 2 981 0200
Email: [email protected], [email protected], [email protected]

Energy & Infrastructure:
3 partners, 4 fee earners.
Power:
■Acting for all Bulgarian subsidiaries of The AES Corporation in connection with their financing, construction, commissioning and operation of the 670 MW (net) Maritza East 1 coal-fired power plant and the 156 MW St Nikola Wind Farm (Bulgaria’s largest), collectively Bulgaria’s largest foreign investment since the fall of communism in 1989
■Acting for all Bulgarian subsidiaries of AES Solar Energy Ltd (a joint venture between The AES Corporation and a subsidiary of the Carlyle Group) in connection with their financing, construction, commissioning and operation of the 23 MW (net) total installed solar PV capacity, for EDF Energies Nouvelles (21.4 MW PV) and for Mitsubishi Corporation (solar PV)
■Acting for Bulgarian Energy Holding EAD (Bulgaria’s largest company by assets and national champion in the energy sector) in connection with various energy projects and associated contractual matters most recently on their financial advisory and structuring agreements with HSBC relating to NPP Belene
■Advised NEK EAD (Bulgaria’s public provider of electricity and transmission system operator) on the implications of EU’s Third Energy Package over the company’s electricity transmission assets and operations
■Acting for Standard Bank Plc, Group Five Infrastructure Developments (Pty) Limited and Next Power Limited in connection with the 114 MW Combined Cycle Power Plant
■Acting for China Development Bank in connection with its proposed financing of the 50 MW wind farm to be built near Pobeda village
■Acting for Trans-Balkan Pipeline B.V. in connection with the development of an oil pipeline from Burgas in Bulgaria to Alexandroupolis in Greece (Bulgaria’s only cross-border oil pipeline project to date)
■Acting for Nabucco Gas International Pipeline GmbH in connection with the development, financing, construction and operation of the Nabucco cross-border gas pipeline project Partners involved in the above work include Messrs Boyko Bratanov and Vassil Hadjov and Ms Jana Djambazova
Key Clients: AES Corporation, Melrose Resources, Dalkia International, EDF Energies Nouvelles, Mitsubishi Corporation, Group Five, GDF Suez, OAO Gazprom, FTSAM (Fraport)
Contacts: Vassil Hadjov (energy), Jana Djambazova (infrastructure)
Tel: +359 2 980 1808
Email: [email protected], [email protected]

Competition/Antitrust:
1 partner, 2 fee earners
■Acting for Sony Pictures Entertainment in the Bulgarian competition clearance of its acquisition of an AIM listed company
■Acting for MTG Modern Times Group AB in the Bulgarian competition clearance of its acquisition of various Nova Broadcasting Group members and other corporate interests
■Acting for Energo Pro a.s. in the merger clearance procedure for the acquisition of E.ON Bulgaria EAD and its subsidiaries (electricity distribution, trading and related companies)
■Acting for Energo-Pro Bulgaria EAD in the merger clearance procedure for its acquisition of Litex’s renewable energy business in Bulgaria
■Acting for Geopost, S.A. in the competition clearance procedure for its acquisition of a minority stake in Speedy JSC
■Defending the Bulgarian members of the corporate group of CEZ a.s. in alleged abuse (electricity market) – case open since 2013
■Defending the Bulgarian members of the corporate group of Energo Pro a.s. in alleged abuse (electricity market) – case open since 2013
■Advising Renault Nissan Bulgaria EAD on unfair trade issue relating to its distribution contracts
■Defending Sugar Plant Devnya (Beypar Sugar) on concerted practices allegation
Key Clients: MTG Modern Times Group AB, Energo-Pro a.s., CEZ, Renault Nissan SAS Contacts: Georgi Spasov, Kremena Yaneva and Magdalena Trendafilova
Tel: +359 2 981 0200
Email: [email protected], [email protected], [email protected]

Branches

  • Office Center “Slavyanska”, floors 2/3,
  • 29A Slavyanska Street,
  • Sofia,
  • Sofia City
  • Bulgaria
  • 1000
  • Tel +359 2 980 1808
  • Fax +359 2 980 2510
  • Email : [email protected]
  • Website : www.sbn-law.com