Boyanov & Co.
Borislav Boyanov & Co. provides a very broad spectrum of legal services aimed at the best business results for our clients. We have always been ready to proceed as a path-maker with new and creative legal solutions regardless whether they had been known before by the business practice and jurisprudence in Bulgaria. The practice areas identify the fields in which we are noted as leaders.

Banking LawBorislav Boyanov & Co. has the leading banking practice in Bulgaria. Its clients include major commercial and investment banks, export credit insurance companies and financial institutions from around the world and the largest domestic banks. The firm offers a comprehensive and quality service, advising on the full spectrum of bank related transactions, like:- establishment and licensing of banks- bank acquisitions - all legal aspects- corporate issues of banks- day-by-day banking operations- regulatory compliance- bank insolvencyThe firm has been involved in the most important transactions in the Bulgarian banking sector during the last years. We are proud to list among our achievements: legal assistance related to the setting of the banking business of foreign banks in Bulgaria (the first branch of a foreign bank in Bulgaria and the Bulgarian subsidiary of Demirbank), comprehensive legal due diligence of local banks (the Bulgarian Post Bank, Expressbank, Hebrosbank, Bulbank - the largest bank in this country, United Bulgarian Bank), advice related to portfolio investments by leading international banks and establishment of custodian relations with Bulgarian banks, privatisation of the Bulgarian Post Bank (ranked as the best deal in the Top 10 foreign investments list for 1998), of Hebrosbank (ranked among the best ten deals for 1999), UBB and Bulbank. Borislav Boyanov & Co. renders permanent services as legal counsel and corporate secretary of five major Bulgarian banks, including the industry leader Bulbank. During the first insolvencies of major state-owned banks in Bulgaria in 1996 and 1997 Borislav Boyanov & Co. assisted 14 foreign banks and financial institutions - creditors of the insolvent banks in filing their claims in the bankruptcy procedure. We have participated in successful negotiations for the recognition of some of the insolvent banks' debts as governmental debts and on the swap of those debts for instruments which can be used in the privatisation process in Bulgaria.

BankruptcyThe leading bankruptcy practice of Borislav Boyanov & Co. is focused on bankruptcy proceedings against Bulgarian banks and companies and acquisition of assets and on-going business of insolvent companies. The volume of work handled by the firm continues to expand, rendering services predominantly to foreign companies or their Bulgarian subsidiaries. The Bankruptcy Practice is closely related to the Banking, Finance, Commercial, Property and Litigation Practices, as far as the success in this area requires complex knowledge and experience. We assist our clients in the enforcement of their rights against the insolvent entity, and in structuring their claims in the most effective and safe manner. Our services in this area include:- assisting banks and other corporate lenders in taking effective security of their claims- advising banks and other corporate lenders on the enforcement of security and other rights against borrowers- pre-bankruptcy negotiations and rescheduling of debt- preparation and filing applications for the initiation of bankruptcy proceedings- advising on all aspects of the litigation by or against the insolvent entity- representation of creditors in bankruptcy proceedings including representation at Creditors' Meetings and Committees- advising on and preparation of rehabilitation plans- advising on arrangements with creditors, property issues and bankruptcy problems on the financial markets- advising on debt - for - equity swaps, debt - for - debt swaps and similar- advising on and assistance in the implementation of liquidation plans including the purchase (sale) of the on-going business and/or assets of the insolvent entity- collection and repatriation of proceeds from the liquidation of the bankruptcy estate- advising directors on their duties in relation to possible bankruptcyThe firm’s practice is noted for both the quality of the work undertaken and its broad range. Over the last years the firm’s lawyers have worked on many of the largest and most complex bankruptcy cases in Bulgaria. As an example: Borislav Boyanov & Co. represented and assisted 14 creditors holding over 65% of the claims of foreign banks against Mineralbank and Economic Bank, two of the largest state-owned commercial banks. Borislav Boyanov & Co. provided legal assistance to the Spanish credit insurance agency (CESCE) and the Italian state owned foreign credits insurance agency SACE in connection with the transformation of their claims into state debt. The firm has been representing some of the largest foreign creditors of Balkan Bulgarian Airlines.

Company LawBorislav Boyanov & Co. is one of the pioneering law firms in Bulgaria in the corporate sector since its inception in 1990. Its extensive expertise enables it to meet the highest needs of the increasing number of foreign investors staring to do business in Bulgaria. The firm’s corporate law experience and excellent commercial achievements has made it a market leader.

Borislav Boyanov & Co. offers a full range of legal services in connection with company formation, acquisition, reorganisation and administration, including:- choosing the proper corporate form- incorporation of subsidiaries, branch offices, representative offices or joint ventures- all necessary registrations with court and other competent authorities- obtaining required licenses (bank, insurance, gambling, telecommunications, radio and TV-broadcasting, etc.)- establishing of companies and representative offices abroad- corporate reorganisations, mergers and acquisitionsThe corporate work is often combined with general legal advice and assistance, thus ensuring an integrated service to the client with respect to all legal matters of its business. Our general legal assistance includes among others:- acting as Corporate Counsel, providing a wide range of legal assistance required by the client, including participation in or conducting negotiations, drafting and reviewing contracts and ancillary documents, representation in front of third parties- representation before all court instances in connection with commercial, labour, tax or other disputes and before international arbitration courts- representation of clients in administrative proceedings before the tax authorities, Ministry of Finance, Commission on Protection of the Competition, Securities Commission, Patent Office and other governmental and municipal authorities- acting as Corporate Secretary- acting as Business AdvisorWe provide legal services on a permanent basis, establishing a high degree of confidence and trust. Borislav Boyanov & Co. has assisted in the establishment of more than 400 different companies, including joint ventures between foreign and local companies, both private and state-owned, fully-owned subsidiaries and branch and representative offices of foreign companies. We have advised in connection with the reorganisation of the local business of American Standard, Inc., McDonalds System of Bulgaria Inc, InBev SA (formerly (Interbrew SA), Dundee and Kraft Foods International. We act as a Corporate Counsel for companies like: AIG Bulgaria Insurance and Reinsurance Company AD; AIG Life Bulgaria Zhivotozastrahovatelno Druzhestvo AD; Alcon RO; Allied Domecq Agencies Bulgaria EOOD; Balkan News Corporation AD; Bulgarian Post Bank AD; Bulbank; Coca Cola Bulgaria EOOD; Ideal Standard Bulgaria AD; Kraft Foods Bulgaria AD; McDonald's (Bulgaria) EOOD; Nortel Networks (Bulgaria) EOOD; Philip Morris Services Bulgaria EOOD; TNT Bulgaria EOOD; Ideal Standard - Vidima AD.

Competition LawThe competition law is constantly growing and so is the practice of Borislav Boyanov & Co., closely linked to all of its other practices. Since April 2004 we count also on the expertise of our Brussels Office.

The services provided by Borislav Boyanov & Co. cover such aspects of the competition law like:- competition/anti-trust rules and policy- representation before the Commission on Protection of the Competition and court on competition cases- merger notifications and clearance of concentrations- prosecution of unfair competition violations- clearance of agreements, strategic alliances and other co-operative arrangements- competition issues related to distributorship and agency agreements, setting up of distribution networks- development of marketing strategies compliant with competition norms- allegations of abuse of dominant position- clearance of state aid cases, etc.

The IP Group of Borislav Boyanov & Co. and the Competition lawyers represented major multinationals and their local subsidiaries before the Commission on Protection of the Competition in cases of unfair competition through imitation of trade marks, trade names and similar rights. Borislav Boyanov & Co.’s practice in this field is also closely connected to our Commercial and Litigation Practices as well as to our rapidly growing Consumer Protection Practice. Borislav Boyanov & Co. has represented major international companies and local industries before the Protection of Competition Commission and the Supreme Administrative Court in cases of unfair attraction of clients and unfair advertising practices. Cases held by the firm have influenced significantly the practice of the Bulgarian Protection of Competition Commission (for instance the trend to increase substantially the amount of penalties imposed by the commission on infringers, which has been triggered by a landmark case of BGN 365 000 p

practice areas

Alternative Dispute ResolutionCommunications and MediaCorporate LawEnergyIntellectual PropertyLabor and EmploymentLitigationNatural ResourcesProperty LawTelecommunications LawUnfair Competition

Reviews (0)

Log In to write a review or Sign Up if you don't have an account yet.