<head> <style type="text/css"> .style1 { margin-bottom: 1px; } </style> </head> <p><strong>In 2009 again, Kambourov & Partners was among the top Bulgarian law firms in TMT, PPP, Privatization and Foreign Investments, Projects, Energy and Natural Resources, and Real Estate and Construction, according to the 2010 edition of the international legal directory Legal 500. Follow some of the praises that the firm received in 2010: </strong><em>“</em><strong><em>Kambourov & Partners</em></strong> <em>offers ‘tremendous knowledge, experience, dedication and creativity’ to a fantastic roster of clients…” “Recognised for its ability to ‘provide sound legal judgement that takes into consideration both economic and political ramifications’, </em> <strong><em>Kambourov & Partners</em></strong> <em>is a natural choice for clients engaged in politically sensitive mandates.”; “</em><strong><em>Kambourov & Partners</em></strong> <em>provides a ‘very good and well-resourced’ service to a broad portfolio of banks, corporates, sponsors and venture capital firms.”; “</em><strong><em>Kambourov & Partners</em></strong><em> has an excellent pedigree in the market as a result of its ability to provide ‘commercial and pragmatic’ advice to clients from various industries engaged in M&A activity, as well as more routine commercial matters. The practice provides ‘diligent research, good advice and close attention to detail’. Noted for its ability to advise on the concomitant tax and competition issues which regularly arise, the firm is regularly instructed on significant mandates requiring a full-service approach.”; “Clients appreciate the firm’s ability to provide ‘a blend of legal expertise and a peculiar coolness which they seem to be breeding and encouraging’.”; “Praised for its ‘in-depth knowledge and excellent negotiation skills’, Kambourov & Partners has the corporate clout and gravitas to represent clients on some of the market’s most significant transactions.”.</em></p> <table width="100%" border="0" cellspacing="0" cellpadding="0" class="style1"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p>On 20 Oct. 2009, <strong>Kambourov & Partners</strong> participated as a partner in the second Conference on M&As in Bulgaria and the Region organized by Economedia (the publisher of Dnevnik Daily and Kapital Weekly) at the Sheraton Sofia. The firm was represented by Managing Partner Vladimir Rangeloff, who contributed as a moderator of the Opportunities for growth through M&A panel with the participation of Telelink, CableTEL, Bulbrokers Consulting, and Eurohold Bulgaria. The conference brought together close to 200 executive and consultants, and has so far been the only M&A corporate event in Bulgaria in 2009.</p> <table width="100%" border="0" cellspacing="0" cellpadding="0" class="style1"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p>In 2009, <strong>Kambourov & Partners</strong> became the only Bulgarian law firm to have been admitted as a member of the leading international network of insolvency and restructuring experts, Begbies Global Network (BGN), <a target="_blank" href="http://www.begbiesgn.com">www.begbiesgn.com</a>. BGN is multi-disciplinary, including a broad range of professional disciplines necessary to provide an overall answer to business problems. Its members include lawyers, accountants, forensic investigators, profit improvement consultants, turnaround and restructuring managers and a host of other specialisms. BGN members are leading players in their markets and have an international outlook, which reflects the increasingly global nature of business.</p> <table width="100%" border="0" cellspacing="0" cellpadding="0" class="style1"> <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> was ranked by the Legal 500 as a first-tier law firm in Bulgaria in four legal categories: <em>Privatisation, PPP and Foreign Investment; Projects, Energy and Natural Resources; Real Estate and Construction; and TMT.</em><br> According to the publication, clients are unequivocal in their praise of the team: ‘i<em>n my experience they are the best; I consider no other</em>’, says a client in Privatisation, PPP and Foreign Investment. <br> ‘<em>Foresight, attention to detail and the ability to speak the language of the business,</em>’ is the opinion of a client in Capital Markets where <strong> Kambourov & Partners</strong> ranks in second tier, as it does also in Banking and Finance, and Corporate and M&A. The Banking and Finance team is described as displaying a ‘<em>certainty of legal knowledge and confidence of advice that allows you to make business decisions effectively.</em>’<br> ‘<em>For sector expertise, for competency, for their understanding of our business and our industry we will continue to use them,</em>’ states a client of the firm’s Energy & Natural Resources Practice. <br> It is for the fifth year in a row, <strong>Kambourov & Partners</strong> has been receiving first- and second-tier rankings by the Legal 500.<br> </p> <table width="100%" border="0" cellspacing="0" cellpadding="0" class="style1"> <tr> <td background="i/line.gif" height="1"><img src="i/s.gif" width="1" height="1"></td> </tr> </table> <p> At the end of 2008 <b>Kambourov & Partners</b> was joined by a new expert in labour and social insurance law, Mr. Andrey Aleksandrov, Senior Associate at the Energy & Natural Resources, Public Procurement & Concessions Department. Before becoming part of <b>Kambourov & Partners</b> Mr. Alexandrov was legal counsel at the Legal and International Legal Affairs Department with the State Commission for Information Security. Andrey is approaching a PhD in employment and social insurance law from the Faculty of Law at Sofia University St. Kliment Ohridski. He has also been teaching at the Academy of the Ministry of the Interior, Faculty of Security, the Institute of Public Administration and European Integration, and the “Saints Cyril and Methodius” International Foundation. He is a Master of Law from Sofia University, and has specialized at Hamburg University. Andrey is fluent in German and English. </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> Ms Veronika Hadjieva, Associate at the Corporate and Commercial, IP, IT, Media and Telecoms Department, one of <b>Kambourov & Partners’</b> talented lawyers, is undertaking a one-year postgraduate program in ‘Corporate, Finance and Securities Law’ at Australia’s oldest Faculty of Law, the University of Sydney. Her expertise in international and Australian corporate law will add to the value of our services to our Australian clients expanding their business interests in Europe and Bulgaria in particular. </p> <p> <b>Kambourov & Partners</b> is listed by the Bulgarian Åmbassy in Canberra as one of the most reputable law firms to provide legal services both to Australian and Bulgarian 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> The 3rd Annual Distressed Debt & Restructurings Conference organized by C5 took place at Frankfurt, Germany on January 28 and 29, 2008. <br> High level of speakers and delegates discussed the latest on new distressed debt investment opportunities in the aftermath of the subprime crisis and market downturn. <strong>Kambourov & Partners</strong> were represented by Yonko Hristov, Director of "Corporate & Commercial, Telecom & Media, IP & IT". </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> On November 22 and 23, 2007, the Academy of European Law (ERA) and the Office for Harmonization in the Internal Market (Trademarks and Designs) held a joint conference on the significant developments in the judicial and the extrajudicial protection of Community trademarks (CTMs). The event took place on the premises of the Office for Harmonization in the Internal Market in Alicante, Spain. <strong>Kambourov & Partners</strong> were represented in the discussions by Partner Mitko Karushkov, Head of Corporate, Telecoms & Media, IP & IT. </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> The Legal Committee of the European Federation of Energy Traders (EFET) held a meeting on September 27 and 28, 2007 in Athens, Greece. Upon invitation of EFET Mr. Stefan Tzakov, attorney at law and head of the energy practice with <strong>Kambourov & Partners</strong>, presented the Legal Opinion on the EFET General Agreement concerning the delivery and acceptance of electricity in the light of Bulgarian law, prepared by <strong>Kambourov & Partners</strong>. <a href="http://kambourov.biz/docs/Presentation_EFET_Tzakov_21092007.pdf" target="_blank">(click here to download the presentation)</a>. </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> On two consecutive Mondays, the law pages of Dnevnik-daily published articles by <strong>Kambourov & Partners</strong> on the issues of acquiring Bulgarian citizenship and the peculiarities of the work permit regime for EU citizens and for third-country citizens, after Bulgaria’s accession to the EU. The piece Importing Labour – Another Challenge to Business by Nikolay Bandakov, Director, Head of Private European Law and Labour Law Department, published on September 24th, 2007, focuses on the intricacies of the Bulgarian work permit regime for EU- and third-country citizens. The article expresses recommendations for significant simplification and shortening of the work permit acquisition procedure which currently poses serious difficulties to Bulgarian employers who face the need to hire third-party employees. </p> <p> The article by Elena Kandeva, Associate at the Immigration Law Department, Bulgarian Citizenship After EU, published on October 1st, 2007, stresses on the ways to acquire Bulgarian citizenship for third-country citizens, including the principle of privileged naturalization. The text pays particular attention to the fact that currently the decrees for acquiring, restoring, releasing from or depriving of Bulgarian citizenship and all prior actions thereof are not subject to judicial control and cannot be appealed by the applicants as is the practice in the rest of the EU. </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> On July 4 2007 in Grand Hotel Sofia in Sofia a workshop was held regarding the EFET General Agreement and its applicability in the Bulgarian energy market. The workshop was organised by the European Federation of Energy Traders (EFET) and the Association of Electricity Traders in Bulgaria. </p> <p> <strong>Kambourov & Partners</strong>, local legal counsel of EFET, was represented by Stefan Tzakov, attorney at law and head of the energy practice with <strong>Kambourov & Partners</strong>, who is also the author of the Legal Opinion on the EFET General Agreement concerning the delivery and acceptance of electricity in the light of Bulgarian law. He confirmed the general conformity of the Agreement with Bulgarian law and gave some recommendations regarding its application in Bulgaria on the basis of <strong>Kambourov & Partners’</strong> expertise. <a href="http://kambourov.biz/docs/Presentation_EFET_Tzakov.pdf" target="_blank"> (click here to download the presentation in Bulgarian)</a>. </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> For a third year in a row, Legal 500 ranks <strong>Kambourov & Partners</strong> as the leading Bulgarian law firm in Privatisation and foreign investment and in Real Estate. For the second year it holds the lead in IT, Telecoms and Media, and for the first time it is acknowledged as the leading legal team in Projects, energy and natural resources. </p> <p> The firm is generally described by the 2007 edition of Legal 500 as one of the three main domestic firms that “will continue to dominate the market”. </p> <p> <strong>Kambourov & Partners</strong> is also among the leaders in Corporate and M&A, Banking and Finance and Capital Markets. The edition quotes interviewed clients remarking on “the firm’s flexibility and availability, praising its commitment and ‘entrepreneurial spirit’”. </p> <p> The IT and Telecoms team is acknowledged for being “adept ad handling complex transactions and representing clients before CRC”, while the Real Estate department is described as being “competent and efficient at handling large, multimillion-euro deals in all areas of real estate and construction, including holiday resorts, industrial plants, residential, retail and office units.” </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> Chambers Europe 2007 ranks <strong>Kambourov & Partners</strong> first in Energy and Employment and among the leaders in General Business Law, Real Estate, IP and Dispute Resolution. </p> <p> Clients single out <strong>Kambourov & Partners</strong> for “<i>service that goes far beyond just legal counsel</i>” and praise it for delivering extensive strategic and business advice. </p> <p> Being the only Bulgarian law firm to have been invited by the European Federation of Electricity Traders (EFET) to participate in their annual legislative review, and continuing to serve one of the largest energy investors in Bulgaria, E.ON Energie, <strong>Kambourov & Partners</strong> holds the lead in Energy Law in Bulgaria, whereas its clients are impressed by the firm’s capabilities and strong work ethic. They are quoted saying: “<i>These lawyers keep up with the fast pace of the energy business and the quality of their work never suffers under tight deadlines.</i>” Clients appreciated the considerable expertise of Stefan Tzakov in relation to energy privatisations and acquisitions, identifying him as “<i>a real asset to any transaction.</i>” Another interviewee described him as “<i>one of the most precise people I have ever met.</i>” </p> <p> Employment clients single out Senior Associate Nikolay Bandakov who “impresses clients with his can-do attitude: “<i>He is very convincing in looking for creative alternative solutions; he makes things visible and feasible for us.</i>” </p> <p> One of <strong>Kambourov & Partners’</strong> largest departments, Real Estate, has been singled out for the large development and construction projects it advised in 2006, whereas clients describe Atanas Shopov as a “<i>super lawyer</i>” praising his strong work ethic: “<i>He is immensely proactive, has an extremely high work pace and does not leave for tomorrow what he can still finish today.</i>” </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> was ranked as one of the three leading law firms in M&A in Bulgaria in 2007 by the 2008 edition of the international legal directory PLC Which Lawyer?. The publication explicitly recommends Partner Vladimir Rangeloff as one of the leading experts in large M&A transactions. The firm is also highly recommended in Dispute Resolution and Banking and Finance. </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> Real Estate and Construction Director Kiro Kirov represented <strong>Kambourov & Partners</strong> at a seminar in Cyprus on “Real Estate Investments in Bulgaria”. He participated at the invitation of the Cyprus-Bulgaria Business Association which organized the event in cooperation with the Bulgarian embassy in Cyprus. Mr. Kirov presented to a host of Cyprian businessmen the peculiarities of Bulgarian real estate law, focusing in particular on case studies in retail, office and residential developments with the involvement of international investment 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> Radosveta Kojuharova, Senior Associate at Kambourov & Partners, was certified as a mediator by the Bulgarian Chamber of Commerce and Industry in December 2006. With Ms. Kojuharova’s certification, Kambourov & Partnes is starting to offer mediation services as an efficient method of alternative dispute resolution. </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>
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