<table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <strong>National Bank of Greece</strong> - Attempt for acquisition of First Investment Bank AD. <strong>Kambourov & Partners</strong> advised NBC in the whole procedure up until the binding offer, which was declined by the seller. <br> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><strong><img src="i/s.gif" width="1" height="1"></strong></td> </tr> </table> <strong><br> </strong><strong>Economic and Investment Bank</strong> – legal assistance to the Bank in the selling procedure, covering all legal matters, including drafting all necessary documentation, setting up data rooms, conducting full legal due diligence of the bank, assisting in negotiations with potential buyers, drafting all transaction documents and assisting in finalizing the deal. <br> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <br> <strong>Emporiki Bank Bulgaria AD (Member of Credit Agricole Group)</strong> - Legal advice, assistance and representation before state authorities and individuals in relation to internal restructuring of Emporiki Bank Bulgaria AD in relation to the bank’s acquisition by Credit Agricole Group.<br> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <br> <strong>WITTE Automotive</strong> - <strong>Kambourov & Partners</strong> assists the producer of locking and latching systems in a green-field investment in Bulgaria, comprising a production facility in Ruse, Northern Bulgaria. <br> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <br> <strong>Maxima Lituania/TMarket Bulgaria</strong> – full range of legal services related to acquisition of plots of land and buildings as well as to long-term of lease of plots of lands and buildings for the company’s needs in Bulgaria related to establishing a chain of stores (operating under the TMarket/Maxima Brand). <br> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><strong><img src="i/s.gif" width="1" height="1"></strong></td> </tr> </table> <strong><br> Maxima, Lithuania</strong> – legal assistance in the company’s attempt of acquiring the Bulgarian food store chain Familia. <br> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <br> <strong>Gruppo Società Gas Rimini/Citygas Bulgaria AD</strong> - full legal advice to the gas company.<br> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <br> <strong>Eureko B.V.</strong> – legal assistance to the Dutch company in its attempt for acquisition of the Bulgarian Pension and Insurance Company Doverie AD. <br> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <br> <strong>Voestalpine AG, Austria</strong> – legal advice to the metallurgical giant in its research of the possibility of developing a large steel manufacturing enterprise over 10 mln. sq. m. in Eastern Bulgaria. <br> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><strong><img src="i/s.gif" width="1" height="1"></strong></td> </tr> </table> <strong><br> </strong><strong>RegioCom GmbH</strong> - full legal representation including assistance in a BGN 50 mln open public procurement procedure regarding replacing of electrometers, reading of electrometers and installation of electrometer panels at the border of ownership of consumers of electricity on the license territories of Electricity Distribution Varna AD and Electricity Distribution Gorna Oryahovitsa AD. <br> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <br> <strong>Multi Development Bulgaria </strong>– full legal assistance to the Dutch company in all legal issues related to the completion of the Forum Bulgaria Mall in Sofia, including land acquisition issues, title issues, construction matters, relations with contractors and subcontractors, lease agreements, etc. <br> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <br> <strong>LINK AD</strong> – territorial planning for mixed construction purposes of approx. 30,000 sq.m. of land previously regulated for industrial use on Tsarigradsko Chausses, Sofia - one of the most precious pieces of land in the capital. <br> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><strong><img src="i/s.gif" width="1" height="1"></strong></td> </tr> </table> <strong><br> </strong><strong>Greenergy B.V., Hungary</strong> – legal assistance in the development and construction of a wind power plant in Eastern Bulgaria. <br> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><strong><img src="i/s.gif" width="1" height="1"></strong></td> </tr> </table> <strong><br> </strong><strong>Bulgartransgas EAD</strong> – legal advice on various matters, including public procurement, energy/gas, corporate and commercial issues.<br> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <br> <strong>E.ON Kernkraft GmbH</strong> - Legal advice in the participation of E.ON Kernkraft in the bidding procedure for a strategic investor to obtain the right to subscribe for 49% of the shares of the Belene Power Company, which is to be formed to own and operate the new Nuclear Power Plant ‘’Belene’’ in Bulgaria. E.ON Kernkraft was not shortlisted for the binding offers stage of the procedure and Kambourov was retained by another participant, RWE. <br> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <br> <strong>RWE</strong> – full and continuous legal advice to the energy company in its successful participation in the bidding procedure for a strategic investor in the second nuclear power plant and in all consecutive actions thereof. <br> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <br> <strong>Kaolin AD</strong> – full legal assistance to the company in its privatization through the Bulgarian Stock Exchange. <br> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <br> <strong>FKP Sojuzplodimport </strong>- Protection of the IP rights of the Russian Federation in the trademarks „Stolichnaya”, „Russkaya” and „Soviet Wine Sparkling” in a litigation in Bulgaria successfully completed by <strong>Kambourov & Partners.</strong> <br> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <br> <strong>Global Group of companies</strong> – legal advice on the production of a number of shows broadcast on TVs with national coverage, including the Bulgarian version of the successful ABC format Extreme makeover and the Italian Striscia la notizia. Legal advice covers contractual matters, broadcasting regulatory issues, copyright, law of privacy, court representation in pending litigations.<br> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <br> <strong>TV2</strong> – Advice on the corporate structuring that led to the concentration of 28 local TV broadcasting licenses in one TV network. Currently, TV2 is the fourth Bulgarian TV operator with national coverage. <br> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p> <strong>E.ON Energie AG, Germany</strong> - E. ON Energy AG is a subsidiary of E.ON AG - the world’s largest investor-owned energy service provider. <strong>Kambourov & Partners</strong> provides full legal services to the company in Bulgaria, including E.ON Energie’s successful participation in the privatisation of the electricity distribution companies in Varna and Gorna Oryahovitsa. We provide E.ON Energie AG with advice in the areas of energy law, labour and Real Estate law, corporate and commercial law, litigation, and representation before the respective Bulgarian authorities. <strong>Kambourov & Partners</strong> provided legal assistance in the transfer of 8 per cent of E.ON Bulgaria’s assets in Varna and Gorna Oriahovitza Electricity Distribution Companies to EBRD. </p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p> <strong>E.ON Bulgaria Trading EOOD and E.ON Sales and Trading GbmH</strong> - Legal assistance in relation to the issuance of a license for trading in electricity. </p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p> <strong>Nokia Corporation and Nokia Bulgaria EOOD - Kambourov & Partners</strong> assists and consults Nokia Corporation and its subsidiary in Bulgaria on all administrative and corporate issues related to its operations in Bulgaria, and represents the Company before all relevant courts and other governmental authorities. We served Nokia Corporation in the Bulgarian chapters of the global mergers with Intellisync Corporation and Siemens. </p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p> <strong>Construction of NPP Belene - Kambourov & Partners</strong>, in collaboration with international law firm <strong>LeBoeuf Lamb Green & McRae</strong> were engaged by <strong>ZAO Atomstroyexport</strong>, Russia, the contractor in the design, construction and launching into exploitation of the second Bulgarian nuclear power plant, NPP Belene, to provide full legal advice and assistance in drafting the EPC contract with the National Electricity Company under FIDIC rules, preparing the contracts with subcontractors Siemens/Areva and with all Bulgarian subcontractors. </p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p> <strong>EFET - Kambourov & Partners</strong>, and its leading energy attorney, Stefan Tzakov, were invited by the European Federation of Electricity Traders (EFET) to participate in their 2007 annual update of legal opinions. As of May 2007, Kambourov is also EFET’s legal counsel in Bulgaria. </p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p> <strong>Acquisition of BTC AD</strong> - Following its participation in the 2002-2004 privatisation of the majority share of the Bulgarian Telecommunications company and the 2005 privatisation of the minority packet, <strong>Kambourov & Partners</strong> provided consultancy consecutively to two participants in the 2007 procedure for the sale of the Bulgarian Telecom: to strategic investor TeliaSonera, Sweden, and then to financial investor Providence Equity Partners VI International L.P. </p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p> <strong>Acquisition of DZI Bank AD, Bulgaria - acting for Volksbank International AG</strong> (2006). The team of Kambourov & Partners and <strong>Deutsche Bank</strong> conducted complete due diligence of DZI Bank for client Volksbank, which decided not to participate further in the tender procedure. </p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p> <strong>Acquisition of Insurance and Re-insurance Joint-stock Company DZI AD and all of its subsidiaries - acting for Eureko B.V., the Netherlands</strong>. The teams of <strong>Kambourov & Partners, Linklaters, and JP Morgan</strong> conducted full due diligence of the company and all of its subsidiaries. Consequently, Kambourov supported Eureko B.V. in negotiations with the sell side and in drafting the offer. <strong>Eureko B.V. was ranked second in the final stage of the process</strong>. </p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p> <strong>Gripen International</strong> - Since the beginning of 2006, <strong>Kambourov & Partners</strong> has been serving air fighters producer Gripen International on various issues related to the company’s set up in Bulgaria and the expansion of its activity in the country. </p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p> <strong>Gramercy International - Kambourov & Partners</strong> provided full legal services to US investment fund Gramercy on the financing of an acquisition on behalf of Bulgaria’s largest cable operator, and in the Fund’s other activities in the country. </p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p> <strong>QVT Financial LLP</strong> - Full legal services in the financing of the <strong>Super Borovetz</strong> project in Bulgaria. </p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p> <strong>Carrefour Marinopoulos/South Management Company</strong> - full legal assistance to Carrefour Marinopoulos and its partners in Bulgaria on the development of their first project in Sofia, the European Trade Centre, and their projects in Bourgas on the Black Sea (Mall of Bourgas Izgrev) and in Rousse on the Danube River. Elaboration and structuring of the investment, development, construction, project finance; representation before all relevant authorities and financing institutions. </p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p> <strong>Privatisation of Municipal Bank - Kambourov & Partners</strong> in consortium with Arjil Bank, Transacta and Moore Stephens BulMar was selected to advise and carry on the privatization of Municipal Bank in Bulgaria. </p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p> <strong>Central Cooperative Bank</strong> - Increase of the capital and listing of app. BGN 17 mln. value of stock of Central Cooperative Bank on the Bulgarian Stock Exchange </p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p> <strong>IPO of Chimimport AD</strong> - the largest IPO of 2006 on the Bulgarian Stock Exchange. </p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p> Transfer of 30 % minority stake in the <strong>Bulgarian River Navigation</strong> on the Bulgarian Stock Exchange. </p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p> Capital increase of <strong>Economic and Investment Bank</strong> - Value EUR 30 mln. </p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p> <strong>Kambourov & Partners</strong> represents <strong>Tecnica y Proyectos S.A. (TYPSA), Spain</strong> as the leading member of the consortium <strong>Louis Berger SAS, SYSTRA S.A., TRADEMCO SA, and Rubicon Engineering OOD</strong> in an ISPA-funded project of the Bulgarian Ministry of Transport and Communications for technical assistance in the construction supervision of the construction works on the project for reconstruction and electrification of the Plovdiv-Svilengrad railway in Bulgaria. <strong>Kambourov & Partners</strong> advised TYPSA on the structuring of the consortium, the tax aspects of TYPSA’s participation, and drafting and review of the contracts with the Transport Ministry. </p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p> In addition, <strong>Kambourov & Partners</strong> provides <strong>TYPSA</strong> with legal support in their involvement as managers of the construction of road II-80 (E-85) from Novo Selo to Maritsa Motorway in Southeastern Bulgaria, the region of Haskovo, a PHARE project for trans-border cooperation between Bulgaria and Greece with identification number EuropeAid/121291/D/SV/BG. </p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p> Since December 2006, <strong>Kambourov & Partners</strong> has been advising <strong>Louis Berger SAS</strong> on their engagement by the National Road Infrastructure Fund as supervisors of the construction of <strong>Ljulin Motorway</strong> in Bulgaria, Sofia Ring Road - Daskalovo Road Junction, ID number EuropeAid/119436/D/SV/BG. </p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p> <strong>Remco Ruitembouw</strong> in the construction of Montupet’s plant for aluminium spare car parts in Rousse, Northern Bulgaria. </p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p> In November 2006 Norton Rose in association with <strong>Kambourov & Partners</strong> was selected by the <strong>International Finance Corporation (IFC) and the Bulgarian Government</strong> to provide advisory services to IFC in the project “Private Sector Participation in the Water Sector in Bulgaria”. The two firms assist IFC in designing a sustainable national water private sector participation policy to facilitate investment in the sector, and in <strong>structuring and implementing a pilot PPP project in the Bulgarian water sector</strong>. </p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p> <strong>Privatisation of Bulgartabac Holding AD, Bulgaria (BTH)</strong> - In 2004-2005 <strong>Kambourov & Partners</strong> provided legal advisory services to the Bulgarian state-owned tobacco monopolist Bulgartabac Holding AD. <strong>Kambourov & Partners</strong> acted as the local legal advisor on the sale side assisting the sale consultant Morgan Stanley and the international legal advisor Freshfields Bruckhaus Deringer in all legal matters surrounding the overall restructuring of the group. <strong>Kambourov & Partners</strong> provided consultancy on the respective Bulgarian legislation on all relevant issues, including corporate and commercial law, foreign investments, privatisation law, labour law, intellectual property, finance, tax, etc., and prepared the due diligence reports for all 22 BTH companies. </p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p> <strong>Raiffeisen Bank, Hungary</strong> - Legal consultancy on a refinancing scheme, involving the structuring and securitisation of a LBO transaction in 5 Bulgarian telecoms. </p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>Remco Ruimtebouw B.V. </strong> – Full representation in Bulgaria, including legal advice on the participation as a construction partner of Montupet, France, in the construction of an aluminium spare car parts plant in Rousse, Bulgaria.</p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p> <strong>Orel G Holding AD Bulgaria</strong> and its subsidiaries - Ñomplex legal consultancy services, including transfer of the company’s majority stake in <i>Saglasie</i> pension and social security company, owned by Orel G Holding AD Bulgaria and its subsidiaries, to Chimimport AD. “Saglasie” manages three of the largest pension funds in Bulgaria with assets exceeding BGN 100 mln. </p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p> <strong>Consortium Weiss/Kirchner/Heitcamp/ThyssenKrupp</strong> - Appeal against the decision of the Minister of Transport and Communications, assigning the execution of ISPA funded infrastructure project <i>Plovdiv-Svilengrad Railway Electrification and Upgrading of Corridors IV and IX Civil Track Electrification works for Phase 1 Kroumovo Parvomai Section</i> to the competing participant in the procedure Terna A.S Greece. </p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p> <strong>Privatisation of the Bulgarian Telecommunications Company - Koc Holding AS, Turkey - Kambourov & Partners</strong> prepared the participation of Koc Holding in the procedure for the privatisation of the Bulgarian Telecom, and provided Koc Holding with complex legal services in relation thereof. Currently <strong>Kambourov & Partners</strong> provides Koc Holding with extensive IP support. </p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>Cosmo Bulgaria Mobile EAD</strong> (GSM Operator GloBul) - <strong>Kambourov & Partners</strong> represented the second Bulgarian GSM operator GloBul before the Supreme Administrative Court in relation to the challenging of the third GSM license issuance.</p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>Nu Image</strong> and <strong>Universal Studios, California, USA</strong> We provided legal advice on the available options and legal mechanisms for financing movies in Bulgaria, and consulted the companies on the opportunities for green-field investments in the construction of movie studios in Bulgaria. We supported Nu Image and Universal in drafting the entire employment documentation and assisted them in all employment-related tax issues. Currently, <strong>Kambourov & Partners</strong> provides Nu Image and Universal with tax legal advice and consultancy services related to tax planning.</p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>Opet Petrolculuk AS, AYGAZ AS, Izocam Ticaret Ve Sanayi AS,</strong> group companies within the corporate structure of Koc Holding AS, Turkey - <strong>Kambourov & Partners</strong> assists the companies in the protection of their respective IP rights, operative on the Bulgarian market, including representation before the Bulgarian Patent Office. <strong>Kambourov & Partners</strong> defended the OPET brand in the sponsorship agreement between OPET AYGAZ Bulgaria and CSKA volleyball club.</p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>Gruppo Societa Gas Rimini</strong> - Defence against the challenge of the license for distribution of natural gas in Trakia region, granted to Gruppo Societa Gas Rimini by the State Energy and Water Regulatory Commission. </p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>Louis Berger S.A.S.</strong> – Ongoing legal advice in relation to the company’s operations in Bulgaria, including commercial and tax issues.</p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>DLA PIPER RUDNICK GRAY CARY</strong> - Legal advice and assistance related to an insurance claim of First Investment Bank against the insurance company AIG Bulgaria, involving liability on Banker’s Blanket Policy.</p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>Hillside Apex Fund Limited è Growth Management Limited</strong> - Consultancy on the transfer of 20% of the shares of First Investment Bank AD, Bulgaria, owned by EBRD, to two London-based hedge funds. Preparation and review of all transaction documents and legal consultancy regarding the mechanism of share transfer under Bulgarian law.</p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>Åuroplakat International Werbe GmbH</strong> – Establishment of a joint venture with a local entertainment company. Legal advice in connection with the company’s participation in public procurement procedures.</p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>Italian-Bulgarian Chamber of Commerce</strong> - Ongoing legal advice; assistance in the issuance of Employment permits for foreign citizens; consultancy regarding a programme for the employment of Bulgarian citizens in Italy.</p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>Roussenska korabostroitelniza AD (Rousse Shipyard AD)</strong> - Representation in court proceedings on a claim for restitution of USD 308,705 of main debt and USD 102,000 in interests retained by respondent United Bulgarian Bank AD.</p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>Ogilvy & Mather Bulgaria - KAMBOUROV & PARTNERS</strong> provides the Bulgarian affiliate of Ogilvy & Mather with legal services on corporate, tax and competition matters related to its business in Bulgaria.</p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>GORUBSO Madan</strong> is one of the largest mining companies in Bulgaria. <strong>Kambourov & Partners</strong> represented the Company and carried out the overall privatisation procedure including legal due diligence, preparation of the relevant documentation, negotiations with state authorities and legal advice on corporate matters. <strong>Kambourov & Partners</strong> has also represented the company in a series of commercial litigation cases.</p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>ESTOL AG, Hungary – Kambourov & Partners</strong> – provided legal consultancy services in relation to the construction of a wind power plant on the Murgash peek. We advised the structuring of the project and assisted the elaboration of the financing scheme and the acquisition of the land. <strong>Kambourov & Partners</strong> represented the Company before the competent state bodies and public authorities.</p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>Residential complex Botanical Gardens, Boyana, Sofia</strong> – Legal assistance to individual buyers of 180 apartments.</p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>Apolonia Residential Complex in Sinemoretz on the Black Sea Coast</strong> – legal assistance to individual buyers of 40 apartments.</p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>Bansko Vihren Residence Complex</strong> – legal assistance to individual buyers of 70 apartments.</p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>Svea OOD</strong> – construction and sale of Kaliakria Gold and Sea residential complex with a total of 104 apartments.</p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p> <strong>Swiss Properties EOOD and BPI Switzerland</strong> - transfer of shares in a Swiss company and respective actions in Bulgaria. </p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>HIT International GmbH, Germany</strong> – Financing of green-field investment for the establishment of retail business. <strong>Kambourov & Partners</strong> provided advice and assistance in land research and acquisition, market and legal analysis of approximately 30 lots of land on the territory of Sofia Municipality, financing and taxation of the investment.</p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>CORPORACION AMERIÑA SOC²EDAD ANONIMA</strong>, Buenos Aires, Argentina (CASA) - <strong>Kambourov & Partners</strong> advised and represented CASA in relation to the company’s participation in the tender procedure for concession of the operation of Bourgas and Varna Civil Airports. CORPORACION AMERIÑA SOC²EDAD ANONIMA through the entity Aeropuertos Argentina 2000 S.A. operates as concessionaire and acts as an investor in 32 airports in Argentina, including Buenos Aires Airport.</p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>Economic and Investment Bank </strong> – Increase of the capital. </p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>Central Cooperative Bank</strong> – Increase of the capital and listing on the Bulgarian Stock Exchange.</p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>Delta Stock AD</strong> was the first investment intermediary in Bulgaria to deal with stocks of local and international companies via the Internet. <strong>Kambourov & Partners</strong> provides legal advice and assist the Company on corporate matters.</p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>Balkankar Holding EAD</strong> - the subsidiaries of the Holding are among the largest manufacturers of lifting cargo equipment in Bulgaria. <strong>Kambourov & Partners</strong> assisted and represented Balkankar Holding before all relevant courts and authorities in relation to its insolvency procedure.</p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>Bulbrokers AD,</strong> a top 3 investment intermediary in Bulgaria - cooperation on a number of joint projects involving the sale and purchase of shares. Most recently the Bulbrokers and <strong>Kambourov & Partners</strong> teams worked together on the privatisation of Bulgartabac Holding AD.</p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>TECHNOIMPORTEXPORT AD - Kambourov & Partners </strong> – represents the company in court. Cases include moves against the National Bank of Libya and Bulbank in Bulgaria, involving default on performance bond. Another significant case of litigation is the claim against the Bulgarian Customs Agency with an overall value of approx. BGN 11 mln.</p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>Prouchvane i dobiv na neft i gaz AD - Kambourov & Partners </strong>provided legal services and assistance to the company in relation to a transfer of shares and development of a new investment programme for the exploitation of gas and fuel fields in Bulgaria. </p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>Afin Bulgaria EAD (Iveco) - Kambourov & Partners</strong> assisted the company to the purpose of successfully repossessing 50 heavy trucks. Services included representation in all relevant procedures before the respective courts and governmental authorities.</p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>Icygen ÎÎD</strong> is the local subsidiary of ICYGEN LLC, California, USA. <strong>Kambourov & Partners</strong> consults the IT company on all contractual and IP issues in its web development activities; our lawyers provide assistance with regard to copyright protection and labour law issues and represent the interests of the Company in negotiations with clients. </p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>Bukovetz - Tvurditza AD</strong> has a long standing experience in the timber and woodworking industry. <strong>Kambourov & Partners</strong> assisted the overall privatisation procedure of the Company and provided complex legal service, such as the preparation of due diligence, documentation drafting, advice on labour issues, etc. <strong>Kambourov & Partners</strong> supported the Company in its participation in concession procedures for mineral water, and prepared business plans for restructuring.</p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>Transstroi AD</strong> åis among the leading companies in the construction business in Bulgaria, involved in a number of high profile projects such as the Sofia subway stations, the Bulgarian State railway infrastructure and the Greek national railway infrastructure. <strong>Kambourov & Partners</strong> provides the company with complex legal services.</p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>Came Bulgaria</strong> is the exclusive importer of Same Deutzh-Fahr, Italy in Bulgaria. The Company’s main scope of activity in Bulgaria is the import, distribution and installation of tractors as well as consultancy in the field of agriculture investments. The lawyers of <strong>Kambourov & Partners</strong> draft business plans for the company, advise the establishment of local representative structures and provide overall legal support in relation to a great variety of projects and negotiated the exclusivity contract.</p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>Consultancy to Government bodies and International Financial Institutions</strong></p> <p><strong>Kambourov & Partners</strong> selected to carry out the <strong>Bulgarian chapter of a comparative study of the European Commission</strong> concerning the impact of regulation on TV advertising markets in the EU Members and in the applicant States.</p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>Bulgarian Cadastre Agency</strong> - In February 2005 <strong>Kambourov & Partners</strong> was assigned the execution of the Project Review of Legislation Relating to Mortgage and Some Other Laws, financed by the World Bank. As primary objective <strong>Kambourov & Partners</strong> carried out a detailed study of the legislation and the judicial practice and consequently proposed recommendations on amendments of the statutory framework. A second objective was research of the existing condominium and leasing laws so that the flaws could be identified and remedied by means of amendment or, if necessary, by drafting an entirely new law.</p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>European Bank for Reconstruction and Development- Kambourov & Partners</strong> has acted as an outside counsel of EBRD.</p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>Law Drafting</strong></p> <p>The lawyers of <strong>Kambourov & Partners</strong> have participated in the drafting of a number of acts and decrees, including: amendments to the Law on Excise Duties, a Regulation on the requirements for labelling, marking and external appearance of tobacco products, as well as on introducing standards for assessing the compliance of the contents of harmful substances in cigarettes; Regulation on the conditions and the procedure for the issuance and revocation of permits for industrial processing of tobacco and for production of tobacco products; Regulation on the conditions and the procedure for registering prices of locally produced tobacco products and of imported ones, on trading in tobacco products and the control over it; a Draft of the Act on Mortgages.</p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p><strong>Publications in 2006</strong></p> <p><em>The Defence of the Olympic Symbol, Dnevnik-daily</em>, by Evgenia Nikolova and Margarita Guigova, Feb. 2006</p> <p><em>Is Bulgaria Up for Mortgage Chaos</em>, Dnevnik-daily, by Atanas Shopov, March 2006</p> <p><em>Privatisation Deals in Bulgaria: Still there, but there is so much more at hand</em> World Finance, by Yavor Kambourov, April 2006</p> <p><em>No-ANALOGue TV</em>, Dnevnik-daily, by Evgenia Nikolova, May 2006</p> <p><em>Country Handbook Bulgaria</em>, The International Contract Manual, by <strong>Kambourov & Partners</strong></p> <table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p> </p>
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