Team

We provided consultations regarding the transformation of shareholders financing in reserve in a Bulgarian joint-stock company and produced an analysis of the eventual effects of such an operation on the company. We investigated all financial consequences related to the transformation of the financing. After this investigation, the financing was transformed into company capital.

Practice: Banking and Finance

We consulted the conclusion of a bridge loan contract at amount of EUR 4 500 000 provided by a Bulgarian bank at the provision of the respective collaterals and guarantees. The bridge credit was provided for a temporary need of turnover capitals for the development of investment activity in Bulgaria.

Practice: Banking and Finance

We have consulted and represented an investment company in the conclusion of the necessary agreements for hedging of interest percent upon provided financing. The hedging was required by the financing institution for covering the interest risk upon the credit. The receivables of the bank under the transaction were secured by signing a conditional loan contract at amount of EUR 2,5 millions. We actively participated in the procedure for the loan conclusion contract under the conditions and the required letters of credit by the bank.

Practice: Banking and Finance

We consulted our client regarding the conclusion of a factoring contract We represented the client in the negotiations with the factoring company, contractors and suppliers for reaching an agreement regarding the order and the conditions of the contracts and we drafted the necessary documents during the procedure.

Practice: Banking and Finance

We consulted our client in relation to the provision of an overdraft credit of EUR 8 300 000 by a Bulgarian financial institution. The  credit was needed for the financing of activity of a foreign legal entity in Bulgaria. We actively participated in the negotiation with the financing bank and we provided legal consultations on the conditions of the overdraft credit contract and regarding the required guarantees by the bank.

Practice: Banking and Finance

We have participated in structuring of the financing on behalf of a foreign parent company in favor of Bulgarian investment company, representing public-private partnership. We have also provided consultations regarding the possibilities for future capitalization of the provided financing in the capital of the investment company.

Practice: Banking and Finance

We advised the reconstruction and increase by EUR 360 000 ( from EUR 740 000 up to EUR 1 100 000) of an investment financing provided by one of the largest Bulgarian banks. Taking into consideration the amendment of the provided financing, we also prepared collaterals, which the investing company provided in favor of the financial institution (pledge of commercial enterprise, mortgages, etc).

Practice: Banking and Finance

The Law Firm is advising a client for conclusion, execution and amendment of conditions under a loan contract concluded with the European Bank for Reconstruction and Development (EBRD). We participated in a successful procedure for re-negotiation of the conditions and amount of the provided financing (amounting to EUR 75 000 000). We actively participated in the procedure for the provision of the respective collaterals in favor of EBRD, as in 2013 a serial procedure for provision of collaterals was executed. When needed,  we represent the client in front of the EBRD.

Practice: Banking and Finance

Connection with other practices: Energy and Environment, Corporate and Commercial Law. Liquidation and Insolvency. Business Transactions