IFLR1000 Reviews

Financial and corporate

Established in 1999, Spasov & Bratnov, is a premier full-service Bulgarian law firm centered in Sofia. The firm has 16 lawyers in total with experienced qualification in US and UK law. It is a founding member of Adriala law firm network, an independent premium law network covering nine jurisdictions in Southeast Europe. 

 

Highlights  

Spasov & Bratanov advised International Finance Corporation and Raiffeisenbank International on a term-loan secured financing of the 199MW St George solar PV park. The team handled the entire Bulgarian work stream, including the issuance of capacity and enforceability of security opinions. The transaction closed in November 2024.  

The firm also acted as lead counsel to Aviapartner SA in its acquisition of a minority stake in Omega Aviation Ltd., a local ground-handling operator. The transaction was valued at EUR 1,000,000 and closed in September 2024. The team was led by partner Vassil Hadjov 

 

Key Clients  

International Finance Corporation; Santander Bank; UniCredit SpA/UniCredit Bulbank; EBRD; US EximInercom; AES; Compass Capital; VP Brands; Avia Partner; Bulgaria Solar 

 

Testimonials 2024/2025 

We value Spasov Bratanov for their deep familiarity with our structure and regulatory landscape, which enables them to deliver precise, tailored legal solutions in all matters and projects they have advised us on. (Banking & Finance) 

The team - especially Vassil Hadjov, Boyko Bratanov and Nadia Hadjova - is very responsive, collaborative and trusted by us with high-stakes issues, working seamlessly with us and external stakeholders to finalize documentation and ensure smooth execution. (Banking & Finance) 

They are proactive and find solutions themselves. I do not have to chase them so that they offer me solution - they came with ready solution and with ready documents. (Banking & Finance) 

Spasov & Bratanov's team is very well structured, knowledgeable, reliable and providing support not only on pure legal matters but business-wise. Their efficiency is based on the excellent communication with the client and the strong expertise in the financial sector. This gives them the opportunity to suggest entirely new legal solutions to support the business needs. They are ready always to go an extra mile so that the identified legal risks are covered. (Banking & Finance) 

We appreciate the firm’s timely delivery of service, depth of understanding of cross border capital markets listings, and complexity of service from primary legal work to various aspects of legal support. (Capital Markets) 

Boyko Bratanov stands out for his deep technical command and strategic insight across multiple legal domains. He excels at drafting and negotiating complex finance documents, including credit facility agreements, pledges, and shareholder resolutions, ensuring that all legal instruments align with both Bulgarian and international standards. 

Boyko Bratanov’s responsiveness, clarity in communication and ability to distil complex legal issues into actionable guidance make him a highly valued legal partner. (Banking & Finance) 

Petar Dyankov is proactive and actively seeks solutions. (Banking & Finance) 

Petar Dyankov is very knowledgeable, diligent, detailed and organized. His expertise in the practical aspects of security establishment and perfection are indispensable. (Banking & Finance) 

Vassil Hadjov demonstrates strong legal acumen in structuring and executing complex financing transactions. He is particularly effective at coordinating across multiple stakeholders to ensure timely and accurate execution of finance documents. His attention to detail is evident in his handling of Bulgarian security documents and consents where he ensures alignment with both local legal requirements and lender expectations. (Banking & Finance) 

Vassil Hadjov contributes meaningfully to discussions on regulatory compliance and contractual structuring, often stepping in to clarify legal nuances and support decision-making under tight timelines. (Banking & Finance) 

Georgi Spasov is seasoned reputable attorney-at-law who possesses both outrageous academic background and legal practice. His palette of knowledge and experience is so wide and rich that it distinguishes him in the legal market. He has a solid expertise not only in financing but also in acquisition, competition rules, regulatory matters, employment and this list is not complete. (Banking & Finance) 

 

Testimonials 2023/2024

They work to solve the problems and to achieve the ultimate goals.” - Banking and finance  

A friendly, very efficient and highly expert team with a very business like approach to clients and stakeholders.” - Financial restructuring  

Smart, nice and effective.” - Financial restructuring  

They have very good expertise and communication.” - Financial service regulatory  

 

Vassil Hadjov  

Highly likeable individual qualified in at least two jurisdictions, with great international experience and business acumen. He is a top notch lawyer who provides very commercially-oriented advice.”