LOCATIONS
Sofia | Bulgaria

Office

69 Bulgaria Blvd.
Infinity Tower, 14th floor
1404 Sofia
Bulgaria

+359 2 9048 300

Map and directions

Kinstellar advises Bain & Cinven-backed STADA Arzneimittel on acquisition of Walmark

November 2019 – Kinstellar advised STADA Arzneimittel on the acquisition of Walmark, a leading manufacturer of consumer health products in Central Europe from Mid Europa Partners for an undisclosed amount. The transaction is subject to merger control...

The Industrial, Digital and Competition Agendas of the New European Commission: What is in Store for Central and Eastern European Businesses

October 2019 – The countdown to the election of the new European Commission has begun. The College of Commissioners—each with their own agenda, approach and vision—is expected to make Europe “more like herself”, “greener”, “fit for the...

Kinstellar co-authors the first-ever Bulgarian country report of the Pharma Legal Handbook series

September 2019 – The first-ever Bulgarian country report of the Pharma Legal Handbook series is now available thanks to the joint efforts of Svilen Issaev, Counsel at Kinstellar’s Sofia office, and Petko Konakchiev, co-founder of PharmaDedict, a private...

Cryptocurrency platforms and digital wallet providers in Bulgaria will soon be obliged to apply anti-money laundering measures

August 2019 – Bulgaria last year announced its intention to join the European Exchange Rate Mechanism (ERM II) and Banking Union, which is expected to pave the way for the country to join the Eurozone. A roadmap has been adopted with specific regulatory...

Right of first refusal clauses are now recognised by Bulgarian courts

August 2019 – The Bulgarian Supreme Court of Cassation (“Supreme Court”) has recently issued a decision (No.19, dated 8 August 2019, under commercial case No.2511/2017) that recognises for the first time the concept of right of first refusal (“ROFR”)...

The winner of this year’s Stellarship competition for Bulgarian law students talks about his experience at Kinstellar

July 2019 – Interview with Ilia Lassin, the winner of this year’s Stellarship competition for law students in Bulgaria
In this year's edition of the Stellarship competition, you were awarded with the individual prize among your colleagues/co-students....

Kinstellar advises winning bidder for Sofia Airport concession

July 2019 ─ Kinstellar has successfully advised a consortium led by French infrastructure fund Meridiam on its winning bid for the 35-year concession to manage Sofia Airport.
Our team in Sofia — coordinated by Partner Diana Dimova and Managing...

Bulgaria introduces more detailed rules for provision of remote and online payment services

July 2019 – The Bulgarian National Bank (the “BNB”) has recently adopted amendments to its Ordinance No 3 on the Terms for the Opening of Payment Accounts, Execution of Payment Transactions and Use of Payment Instruments (the “Ordinance”). The...

Cannabis for Medical Use: CEE Regulatory Update

June 2019 – A growing number of countries around the world are gradually legalising the use of cannabis for medical purposes.
It can be said that governments are now generally taking a more liberal approach to this product, which could significantly...

Five Questions about Artificial Intelligence: Ethical, Legal and Business Dimensions

June 2019 – Dessislava Fessenko, heading the Technology practice in our Kinstellar Sofia office, speaks exclusively for Colliers International on the incorporation of AI in contemporary businesses and its interaction with society on ethical, legal and...