Banking and finance

Overview

The global slowdown of 2007-9 has changed the dynamic of the Bulgarian financial market. Clients' need for confidence in receiving the best possible advice and for confidence that they are mitigating as many risks as possible has, if anything, increased. The conclusion of debt transactions demands a sophisticated and broad mix of financial and legal capabilities now more than ever.

Our approach to transactions is analytical and rigorous. This allows us to assist clients with innovative solutions and we aim to be at the forefront of all types of finance law work, while remaining highly pragmatic.

To date, we have advised on a large number of transactions with both creditor and debtor clients. We understand how products in the capital structure operate. We also appreciate the different approaches and requirements of lenders, borrowers and investors in the currently unbalanced credit market. 

Security

We have assisted our clients in executing secured transactions involving all forms of security, including:

  • bank and performance guarantees;
  • charges and pledges over assets;
  • charges over shares and movables;
  • floating/fixed/going concern charges;
  • mortgages over real estate, etc.

Our lawyers advise banks and other lenders, borrowers, funds and investors in large scale real estate transactions. The team advises our clients on a wide range of property investment and development financings implemented, where relevant, through structured deals of some complexity.

Thus, we have a strong experience and good understanding of all aspects of real estate finance on the Bulgarian market.

Our firm advises stakeholders on the legal aspects of projects and project financings across industries. We provide comprehensive advice on joint ventures and project structures, conduct legal due diligence assignments, assess risk allocation and review the financing arrangements and the relevant security packages.

Through our strong M&A and Insolvency and Reorganization teams, we have good experience in advising corporate debtors in relation to debt restructurings, re-financings and recapitalizations, debt buy-backs, and other forms of restructuring.

Recent work:

Filter AS

We have been providing day-to-day corporate and commercial advice to the Bulgarian subsidiary of Filter AS, an Estonian joint-stock company with operations across Central and Eastern Europe. Recently, we have supported the management team of the company in preparing and submitting its bid in a public procurement project financed by the European Bank for Reconstruction and Development.

© New Balkans Law Office 2017