"Eurolex Bulgaria" Ltd. - News - Eurolex Bulgaria became a legal consultant of Carlsberg - News

            Relying on the corporate experience and the excellent reputation of “Eurolex Bulgaria” ltd., especially in the area of privatization, “Carlsberg Bulgaria” chose the company for a consultant on the procedure for privatization of the municipal shares in the capital of “Hliab I Hlebni Izdelia” ltd., owned by municipality Blagoevgrad. The team of “Eurolex Bulgaria” conducted an overall due diligence of the legal and financial structure of the company taking into account the many difficulties stemming from the specific character of the public-private relations prevailing in the transaction.

The common efforts and smooth coordination between the negotiating parties led to the conclusion of a privatization contract between Municipal Counsel-Blagoevgrad and “Carlsberg Bulgaria”, dated on 21 January 2010. The subject of the agreement was the privatization of 3 377 shares, representing 100 % of the capital of “Hliab I Hlebni Izdelia” ltd., Blagoevgrad.

The professional advises of “Eurolex Bulgaria” and its mediation for the establishment of excellent relations between Municipal Counsel-Blagoevgrad and “Carlsberg Bulgaria” led to the successful finalization of a transaction which is beneficial for both parties. On the one hand it meets the investment expectations of the Buyer and on the other hand it provided a considerable financial resource for the municipality.  

Relying on the corporate experience and the excellent reputation of “Eurolex Bulgaria” ltd., especially in the area of privatization, “Carlsberg Bulgaria” chose the company for a consultant on the procedure for privatization of the municipal shares in the capital of “Hliab I Hlebni Izdelia” ltd., owned by municipality Blagoevgrad. The team of “Eurolex Bulgaria” conducted an overall due diligence of the legal and financial structure of the company taking into account the many difficulties stemming from the specific character of the public-private relations prevailing in the transaction.

The common efforts and smooth coordination between the negotiating parties led to the conclusion of a privatization contract between Municipal Counsel-Blagoevgrad and “Carlsberg Bulgaria”, dated on 21 January 2010. The subject of the agreement was the privatization of 3 377 shares, representing 100 % of the capital of “Hliab I Hlebni Izdelia” ltd., Blagoevgrad.

The professional advises of “Eurolex Bulgaria” and its mediation for the establishment of excellent relations between Municipal Counsel-Blagoevgrad and “Carlsberg Bulgaria” led to the successful finalization of a transaction which is beneficial for both parties. On the one hand it meets the investment expectations of the Buyer and on the other hand it provided a considerable financial resource for the municipality.  

We are glad to announce that Ms Rumiana Rahneva has joined our team. She is a highly qualified lawyer with large experience.

Her brief:
Rumiana Rahneva has graduated Law faculty in Sofia University “St. Kliment Ohridski” as well as the faculty in International Economic Relations in the University for National and World Economy – former High Economic Institute “Karl Marx”- Sofia.Her professional interests are in the field of Commercial, Corporate and Contractual law. She is specialized in the sphere of Banking and Financial law. She has profound knowledge regarding Ethics and Compliance in large corporates.Prior to her admission to the Bar, she has a long practice as Head of “Legal” Department as well as Ethics and Compliance Officer in banking system and in different activities related to foreign trade, tourism and energy sector.
Foreign languages: English and Russian.

Andrey Delchev and Partners – Eurolex Bulgaria provided legal advice to the World Bank and the Ministry of Regional Development and Public Works in respect of the Municipal Infrastructure Development Project funded with EUR 101.2 million. Part of this amount shall be used for the completion of the dams for drinking water supply Luda Yana, Neikovtzi and Prlovditzi and for the rehabilitation of Studena Dam. It is expected that the successful implementation this project will result in removing the restriction on the water supply for more than 200 000 people and improving the quality of drinking water for approximately 96 500 people.

Eurolex Bulgaria was the legal consultant of Bridgecorp Jsc on the acquisition by the client of the parent companies of LANDMARK PROPERTY MANAGEMENT S.A., one of the biggest companies on the real estate market in Bulgaria (the Buyer’s consultant was Credit Swiss Securities and CMS Cameron McKenna). Bridgecorp Jsc is owned by the current managers of Landmark Bulgaria – Richard Macdonald and Tanya Koseva-Boshova. The portfolio of the group consists of 22 properties in Bulgaria and 1 in Turkey, with a total lease area of 92,300 sq. m, and 61,400 sq. m of land for building purposes. The assets of Landmark include also several office buildings in Sofia and Varna, a commercial park in Plovdiv, land intended for the construction of a golf course project and a university building in Istanbul. Amongst the main lessee in the Landmarks buildings are Post Bank, Nova TV, Deutsche Bank, DHL, CMS Cameron McKenna, Baumax, Deloitte, EVN, Unica, and Alexandra Video.

The value of the deal is 210 million Euros, which makes it the biggest transaction on the Bulgarian real estate market so far.

Recently the Company acquired a new spacious office. It represents a detached building with yard areas and serving parking. That building is intended to become the main Sofia office and to get together the whole Company’s team. Nowadays the lawyers of Eurolex Bulgaria Ltd are situated in two separate offices.

The cocktail party on the occasion of the 10-th anniversary of the Company passed with very great success. More than 200 friends and partners of Eurolex Bulgaria met in one of the most prestigious Capital halls – the Ball hall of the Central Military Club. On the background of pleasant music and lovely culinary temptations the Procurator of the Company Mr. Andrey Delchev cut up the jubilee cake decorated with the Company’s logo. During the party more than BGN 7 000 were collected and donated after that to a Bulgarian child needing urgent therapy.

The managing partner of the Company Mr. Andrey Delchev had the pleasure of meeting the American president Mr. George Bush on his recent visit to Bulgaria. The issues discussed at the meeting were connected with the democratic development of Bulgaria during the last years, young generation’s role, education system development etc.  

With EUROLEX BULGARIA LTD experts participation in the region of Bourgas town successive two significant projects with subject acquisition of large agricultural land plots whose function should be changed for the purpose of modern trade and logistic complexes construction have been initiated.

Recently at the Ministry of Regional Development and Public Works, the competent Bulgarian Authority on development of Water Supply and Sewage Infrastructure, Water Purification and similar activities a working group for preparation of a new law concerning Water Supply and Sewage services has been formed. EUROLEX BULGARIA LTD has been included within the working group as legal adviser that is an evaluation for its leading role in this sector legal services implementation.