CMS advised Global Biome, while Buzeva & Partners represented Sustainable Energy Development Fund in the dispute.
Pursuant to changes to Bulgaria’s energy legislation that followed a 2016 World Bank study, renewable energy producers in the country were obliged to transition from long-term Power Purchase Agreements to Contracts-for-Premium, with the Sustainable Energy Development Fund topping up the difference between the market price of electricity and the agreed subsidies.
The CMS team was led by Managing Partner Kostadin Sirleshtov (Picture) and also included Associate Elena Yotova-Yordanova.
The Buzeva & Partner team was led by Managing Partner Tanya Buzeva.
Law Firms: CMS Legal;
Clients: Global Biomet;