The team of Dyulgerova & Penkova Law Firm advised a client on the acquisition of а golf complex, located near the capital, consisting of a golf course, golf school, SPA center with a restaurant, shops, and hotel part, as well as facilities for other sports.
The acquisition was accomplished through in-kind contribution of real estate in the capital of two newly established companies. The in-kind contribution in the first company includes a golf course with an area of 540 decares, together with the constructed buildings, as well as 325 decares of agricultural land. The in-kind contribution in the second company includes over 300 decares of agricultural land at the amount of about BGN 250,000.
The team of Dyulgerova & Penkova Law Firm, consisting of Victoria Penkova, Attorney-at-Law, and Diana Milkova, Attorney-at-Law, has provided full legal services in regard to the in-kind contribution in the newly incorporated companies, including due diligence, preparation of the necessary documents, and registration of the respective circumstances with the relevant registers.