Spasov & Bratanov


Slavyanska Office Centre
29A Slavyanska Str., Floors 2/3
Sofia 1000

+359 2 980 1808

+359 2 980 2510

Key contacts:

Managing Partner: Georgi Spasov
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Partner (Finance): Vassil Hadjov
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Quick facts:

Lawyers: 20 full-time
Memberships: Adriala Network

Spasov&Bratanov is a premier corporate and finance law firm which provides full range of legal services to financial institutions, companies and various investors on predominantly cross-border transactions. The firm has established relationships with leading law firms based in the City of London, on Wall Street, and in other leading financial centres in Europe and East Asia.

"Quality and delivery would be fit for any City of London law firm."

  • Banking
  • Capital markets
  • Competition/Antitrust
  • Financial services regulatory
  • M&A
  • PPP
  • Private equity
  • Project development
  • Project finance
  • Real estate 
  • Restructuring/insolvency
  • Structured finance/securitisation

Mergers & Acquisitions:
Georgi Spasov, Managing Partner

Nayden Raychinov, Associate 

Recent transactional highlights:

  • Advising  MTG Modern Times Group on the disposal of its Bulgarian business;
  • Advising  Akuo Energy International on its acquisition of EDF Energies Nouvelles’ Bulgarian hydropower generation business 
  • Advising Inercom on the attempted acquisition of CEZ’ Bulgarian business 

Banking & Finance:
Vassil Hadjov, Partner

Nadia Hadjova, Counsel

  • Advising a Citigroup-led bank syndicate on EUR 500M term loan secured financing for BTC and subsequent financings
  • Advising KBC Bank, BNP Paribas Fortis, Cooperatieve Rabobank and ING Belgium on EUR 131M multi-currency term loan secured financing for Aliphos Bulgaria/Technophos
  • Advising HSBC and  Bank of China Macau Branch on their USD 80M term loan secured financing for the Hong Kong parent group of ISB;
  • Advising European Investment Bank on EUR 100M secured term loan financing

Georgi Spasov
Kremena Yaneva, Senior Associate

  • Defending Nova Broadcasting Group and affiliates against alleged abuse of dominant/stronger bargaining position 
  • Defended the Bulgarian subsidiaries of CEZ in various antitrust proceedings 
  • Representing Inercom in merger clearance towards proposed acquisition of CEZ’ Bulgarian business 

Project Development:

Boyjo Bratanov, Partner

Irina Stanimirova Senior Associate

  • Representing the consortium AdP/TAV in Sofia Airport Concession Tender
  • Advising greenfield investment in the heavy industry sector 
  • Advising South Stream Bulgaria (Gazprom subsidiary) on its’s assets disposal to BulgarTransGaz