Like most of its competitors, Kambourov & Partners experienced an eventful year with an increase in M&A and finance transactions.
Kambourov & Partners was involved in an impressive list of deals. It promoted four attorneys to partnership and three to directorship on July 1 2007. Kambourov has been described by a client as “an extremely versatile firm with a diverse portfolio of work and efficient lawyers to back it all up”.
It had a busy year with one of its key clients, Nokia Corporation, for which it helped finalize the acquisition of the Bulgarian subsidiary of Intellisync, part of a global acquisition deal. Led by Mitko Karushkov, the work included advice on the contents and legal consequences of the transfer. Kambourov & Partners also represented Nokia and Intellisync upon the completion of the deal before the notary, the court and the National Income Agency. It also advised Nokia Corporation on the Bulgarian section of the global merger with Siemens and the firm worked in cooperation with Shearman & Sterling in the UK. Vladimir Rangeloff, known by his competitors as an “ideal lawyer for privatizations”, advised US company Nu Image on the e17 million financing for the privatization of the Boyana National Film Centre. This deal was finally completed in early 2007 despite a few hurdles including opposition from some sectors of the Bulgarian film community. The financing will provide for the construction and launch of studios and laboratories in Nu Boyana.
Ongoing transactions include the financing for the European Trade Center in Sofia worth over e35 million and the development of a e13 million mall in Bourgas on behalf of the South Management Company.
In the real-estate sector, the firm provided legal assistance to Svea in the construction and sale of Kaliakria Gold and Sea residential complex on the Black Sea. This was a key transaction in the country’s commercial property sector in 2007.