Real Estate and Construction

“ILIEV AND PARTNERS” provides high quality legal services and advice in the area of real estate and construction. We strive to deliver business oriented legal advice on all legal aspects of real estate investments under the Bulgarian law. Our team of real estate lawyers has extensive experience in advising on various types of real estate investment projects.

We provide the following legal services in the area of real estate investment process :

• Real Estate Legal Due Diligence regarding the targeted property;

• Legal assistance in conducting negotiations with counter parties;

• Tax planning related to real estate investment structuring;

• Legal structuring of real estate transactions;

• In case of acquisition of a real property or rights over real property (asset acquisition):

– drafting, preparation and reviewing of project documentation;
– legal advice on preliminary sale-purchase contracts;
– advising on all necessary documents needed for the successful completion of the transaction;
– drafting of and advising on the notary deed;
– legal consulting on the required procedures which have to be executed after the notary deed (procedures before Registration Agency, National Revenue Agency and other state and municipal authorities);

• In case of acquisition of a company holding the asset:

– legal due diligence regarding the company;
– drafting of and advising on share transfer agreements;
– drafting of and advising on amendments to the existing company documents (articles of incorporation, management contracts, etc.);

• Legal structuring of project finance;

• Negotiations with financial institutions;

• Legal structuring of property management (drafting of contracts for maintenance and management, lease contracts, etc.)

We also deliver the following legal services in the area of construction process :

• Legal advising on possible ways for optimising the city planning and zoning regarding the targeted real property;

• Legal assistance through the whole process of creating and approval of a detailed city plan for the targeted real property;

• Legal consulting and assistance related to amendments to the existing detailed city plan for the targeted real property;

• Legal assistance through the whole process of approval of the project design by the municipal authorities;

• Legal assistance related to applying for and obtaining of a construction permit;

• Drafting/reviewing of and advising on the contracts between the investor and the other parties in the construction process – construction company, consultant, construction supervisor, technical manager and supplier of machinery and equipment;

• Legal assistance in relation to the required acts and protocols under the construction legislation;

• Legal assistance in obtaining of permission for utilization of the building.