Bulgaria’s Covered Bonds Act – Tsvetkova Bebov & Partners as Consultants
On 29 March 2022, the new Bulgarian Covered Bonds Act was promulgated in the country’s State Gazette, launching a new era in covered bonds regulation in Bulgaria.
On 29 March 2022, the new Bulgarian Covered Bonds Act was promulgated in the country’s State Gazette, launching a new era in covered bonds regulation in Bulgaria.
On January 18, 2022, CEE Legal Matters reported that Tsvetkova Bebov & Partners had advised Dronamics Capital on its IPO and listing on the Beam market of the Bulgarian Stock Exchange. CEE In-House Matters spoke with Svilen Rangelov, Co-Founder and CEO at Dronamics Capital to learn more about the matter.
The circa $28 million transaction closed in early April, 2022. The closing followed clearance of the transaction from the Bulgarian National Bank and the Commission for Protection of Competition, as well the meeting of a range of other CPs.
According to the firm, “Dronamics Capital [is] a special purpose vehicle established with the main purpose of investing the raised capital in Dronamics Global Limited … [making] this transaction akin to a special purpose acquisition company IPO.”
Political stability, managed inflation, and support plans for the most vulnerable social groups and businesses could ensure a financially stable year in Bulgaria, according to Tsvetkova Bebov & Partners Managing Partner Nikolay Bebov.
The Mergers & Acquisitions Review provides a practical overview of global M&A activity and the legal and regulatory frameworks governing M&A transactions in major jurisdictions worldwide.
We are delighted to let you know that the 7th edition of The Securities Litigation Review was recently published. Nikolay Bebov, Damyan Leshev and Petar Ivanov co-authored the chapter on securities laws and regulations in Bulgaria.