Bulgaria

IFLR1000 Reviews

Overview

Solicitors governing body:  Висш адвокатски съвет (Supreme Bar Council)

Competition authority: Комисия за Защита на Конкуренцията (Commission for Protection of Competition) 

Financial regulator: Комисия за финансов надзор (Financial Supervision Commission)

IFLR1000 ranking categories in this jurisdiction:

Banking and finance, M&A, Project development

Jurisdiction overview

Bulgaria operates on a system of civil law, with essences of French and German structures prevalent. 

The Republic of Bulgaria is historically linked with Russia; it shares the Cyrillic alphabet with the nation, and was a member of the Soviet Bloc until its dissolution in 1989. In recent times the political economy of Bulgaria is more linked to that of Austria, which was instrumental in the countries modernisation and is geographically linked by the Danube River. Consequently, of the international firms present in Bulgaria, the majority are Austrian; a trend reflected across much of CEE. 

The legal market of Bulgaria is dominated by its domestic firms at all levels, with the exception of a small handful of internationals that remain present. There are not any restrictions limiting foreign firms from within the EU from opening in Bulgaria, so long as all practicing lawyers register to the local bar as well as their own jurisdiction. 

Those who have already entered the market include Austrian firms Wolf Theiss and Schoenherr, as well as CMS and recent addition Kinstellar, an offshoot of Linklaters focusing on the CEE region, though there is consensus in the market that it is a difficult environment in which to thrive. Foreign firms in Bulgaria have traditionally been referral based, but appear to be relying on this system less and less frequently. 

Domestic firms form the mainstay of what is a very competitive, and often specialised market. Established brands Boyanov & Co and Djingov Gouginski Kyutchukov & Velichkov sit at the apex of the market and are backed up by several excellent firms that provide competition across the domain of financial and corporate law. 

Financial and corporate
Boyanov & Co

Established in 1990, Boyanov & Co is a full service, independent Bulgarian firm based in Sofia. It is a founding member of SEE Legal, a legal network of 10 firms across South East Europe.

 

Focusses / specialisms

Foreign entities make up a good proportion of the firm's client base and it often acts as Bulgarian counsel to large foreign banks and investors on cross border financing and M&A transactions.

In project development the firm is notable for its energy practice with expertise in nuclear energy and oil and gas projects. It often advises on tender procedures for concession contracts.

Banking, energy, telecoms, media and technology and real estate are active sectors for the firm.

 

Key clients

The firm’s client base includes leading names in the regional banking and telecoms sectors such as  Eurobank Bulgaria, Commerzbank, Piraeus bank, Raiffeisen Bank, Albania telecom and Nova Broadcasting and the European Investment Fund.

 

Research period review: 30th edition (2019/2020)

During the research period the firm was mostly active in banking and M&A.

In banking work it did work for lenders and borrowers on acquisition finance, escrow agreements, project finance and syndicated lending.

In M&A it has advised on a notable banking merger, where both entities were its client, and it assisted clients in real estate acquisitions, share acquisitions and asset purchases, advising a mix of acquirers and sellers.

 

Deal highlights: 30th edition (2019/2020)

Albania Telecom Invest €50 million financing 

ITower Development €58 million project finance 

Nova Broadcasting Group €100 million financing

Eurobank Bulgaria €75 million acquisition of Piraeus Bank Bulgaria 

Albania Telecom €50 million acquisition of Telecom Albania 

Pangea Group €40 million acquisition of Telus Tower Centre

 

Client feedback: 30th edition (2019/2020)

Banking

“Professionalism, excellent knowledge of the matters of law, high responsibility and client-orienting approach”

 

M&A

“The team is well organised and knowledgeable. The advises given are always high-quality and give the client all aspects of a case. We appreciate the fast response rates and all-round client service.”

“They provided excellent services, with around the clock availability.”

“Expertise and client-orientation. Good at all spheres we use them for.”

 

Project development

“Very professional and efficient, provide high quality work which does not trigger numerous follow up questions. Well command of English”

“Detailed and precise approach. Absolute professionals.”

 

Real estate

“Attention to details, experience in structuring the transaction, very good knowledge of the reps & warranties, responsive, reliable”

 

Alexander Chatalbashev

“He definitely knows his stuff. Very responsive and provides detailed answers. Excellent command of English”

 

Kina Chuturkova, Yordan Naydenov, Petar Petrov

“High expertise in their fields; very cooperative.”

 

Nikolay Zisov

“Professionalism, excellent knowledge of the matters of law, high responsibility and client-orienting approach”

“Responsive, taking responsibility of his ideas, problem solving”

 

Radoslav Alexandrov

“Excellent professional”

 

Yordan Naydenov

“Depth of knowledge, calmness, sensible approach, results oriented”

“Mr. Naydenov is extremely knowledgeable, handles complex cases, but giving a firm and easy to implement solutions with co-operative approach.”

“The partner, Yordan Naydenov, has impressed us repeatedly with his depth of knowledge, sensible and business-oriented approach”

 

 

CERHA HEMPEL Gerginov

CERHA HEMPEL Gerginov is the Sofia office of CERHA HEMPEL, one of Austria’s largest and leading firms. The firm also has branches in Belarus, Czech Republic, Hungary, Romania and the Slovak Republic.

 

Focusses / specialisms

The firm’s transactional work is mostly cross-border on financing and M&A for foreign clients. 

 

Key clients

The firm’s clients include Generali, Spiegelfeld International and Hewlett-Packard

 

Research period review: 30th edition (2019/2020)

The firm was active in banking and M&A.

The firm provided lending advice to lenders, often in cross border and multijurisdictional deals. It also advised financial institutions banking regulation, mezzanine financing and financing agreements and worked for borrowers restructuring large loan agreements.

The firm was active in M&A transactions, advising buyers and sellers in local and cross-border transactions including on deals in the technology sector. It also advised on an internal restructure, involving spinoffs and mergers, as well as an intragroup merger. 

 

Deal highlights: 30th edition (2019/2020)

Genrali restructuring

Miss Group financing

Spiegelfeld International acquisition of HYPO NOE First facility

 

Client feedback: 30th edition (2019/2020)

M&A

“Responsive, flexible, have the expert knowledge, willing to explore unconventional solutions.”

“Very professional, open minded and competent lawyers. Being available and hearing client's request in its specifics with timely and competent support.”

“Practical, timely and creative solutions. Excellent legal knowledge.”

 

Boyko Gerginov

“Looks at the topic comprehensively, uses deep knowledge and does research. Keeps very professional team and shares info with them.”

“Deep knowledge and understanding of complex legal matters.”

“Knowledgeable, responsive, flexible and willing to explore unconventional solutions.”

 

Dinova Rusev & Partners

Dinova Rusev & Partners is Bulgarian firm founded in 2003 by Anelia Dinova and Milen Rusev. It now boasts of eight partners and 10 associates in its sole branch in Sofia.

 

Focusses / specialisms

In banking and finance the firm acts as Bulgarian counsel to foreign entities in their capacity as borrowers in negotiating credit facilities, acquisition and project financing, refinancing and restructuring transactions. It also advises financial and credit institutions on regulatory matters in relation to licensing and extension of consumer credits in Bulgaria.

In M&A the firm advises some of the leading global and European brands and US private equity funds. Working alongside international law firms, it has experience acting as local counsel to global transactions across sectors including real estate, consumer goods and technology among others.  

In the projects space the firm is often called up by European energy companies to advise on development and regulatory matters in relation to renewable and conventional energy projects. It has experience advising on the drafting of energy regulation. 

In addition to energy law expertise, the firm is experienced in advising on work in the natural resources and mining sectors. 

 

Key clients

The firm has worked with clients from the energy industry, including Terna Energy, Bulgaria Energy Holding and Kaliakra Wind Power, as well as international clients like Mitsubishi Heavy Industries

 

Research period review: 30th edition (2019/2020)

Over the research cycle the firm was active in banking, projects and restructuring. 

In banking work it has been advising borrowers on financing and refinancing, as well as restructuring loans.

The firm worked on corporate transactions, such as structuring joint ventures, corporate restructuring, and generally providing clients with corporate advice.

In the projects space the firm was active in the mining and energy sectors, where it advised mining companies on licensing and advised private parties on concessions, tender agreements, and power purchase agreements. 

 

Deal highlights: 30th edition (2019/2020)

AP Retail 1 €90 million refinancing

Fourlis Group €43m restructuring

 

Client feedback: 30th edition (2019/2020)

Banking

“Thorough analysis and presentation of legal aspects of transactions with sound business approach besides the legal side of agreements.”

 

Financial services regulatory

“Exceptionally business-oriented team that is well placed to advice on cross-border financial services as well as handling compliance, regulation and corporate governance for our company. The team is experienced and enthusiastic. The practice is jointly led by Anelia, Diana and Gergana.”

 

Project finance

“Very fast responses, accurate and business-oriented advice. They know the insights of the business and understand what we want to achieve. The advice is tailored to our needs.”

 

Real estate

“Legal knowledge, ability, and good communication.”

 

Diana Valkova, Gergana Chushkova

“Diana helped us develop internal compliance and resolve reporting issues. She has invaluable experience in dealing with various regulatory bodies, having communicated on a number of occasions with the Bulgarian Commission for Protection of Competition, the National Revenue Agency and the Bulgarian National Bank.”

 

Hristian Georgiev

“Very prompt and punctual. Knows the business aspects and takes responsibility for the project”

 

Konstantin Stambolov

“Legal knowledge and ability and communication”

 

Milen Rusev

“In depth knowledge of legal framework and clear business view on risks associated”

 

Djingov Gouginski Kyutchukov & Velichkov

Djingov Gouginski Kyutchukov & Velichkov (also known as DGKV) was established in 1994. It has grown to more than 50 qualified lawyers in its headquarters in Sofia, as well as a representative in Berlin.

 

Focusses / specialisms

The firm is one of the most prominent independent firms in Bulgaria and often advises on the market's largest financial and corporate transactions. 

In banking and finance the firm is most active on the lender side, advising domestic and foreign banks on acquisition financings. It also represents banks as creditors on debt restructurings.

In the capital markets space the firm is experienced in debt and equity work.

In M&A the firm regularly works for strategic and financial buyers.

In the projects space the firm has strong infrastructure and PPP expertise. It is also notable for advising participants on public procurement tenders across transport, electricity and oil and gas sectors.

 

Key clients

The firm has worked on behalf of important banks such as OTP Bank, DSK Bank and EBRD. It has alos advised private investment firms, such as PFF or SSM partners. 

 

Research period review: 30th edition (2019/2020)

During the research period the frim was active in banking and finance, M&A and projects.

The firm was recently active for lenders on financing transactions, working on cross border and domestic deals. It did work for borrowers too, including for investment firms, to fund projects in Bulgaria. 

In M&A, the firm did work on buy and sell side in numerous transactions.

The firm worked on project development mandates, counselling private parties on tender procedures in PPP (private-public partnerships) and advising foreign investors on regulations and transactions in Bulgaria.

 

Deal highlights: 30th edition (2019/2020)

Bulsatcom restructuring

Delfort acquisition of Flexprint

Globe Trade Centre €50 million financing 

Horizon Capital acquisition of TechHuddle

Iron Mountain €5 million acquisition of Hamilton data

PPF $2.1 billion acquisition of CEM Group

SSM Partners acquisition OF Kukui Corp

Terra Tour Service €120 million refinancing

 

Client feedback: 30th edition (2019/2020)

Banking

“They are responsive and reliable.”

 

M&A

“They are quite sophisticated, in other words when I work with them as an M&A counsel on a deal they are as aware of the issues and the overall strategy, tactics, commercial approach as the international law firms that I have worked with or on the other side of. It makes it much easier when you are working together because they very quickly grasp the issues and understand the dynamics of what steps we should be taking to deal with the issues. They are responsive, they are polite and pleasant to work with. They are quite non-nonsense and suitably concise in their advice.”

 

Valentin Bojilov

“Very friendly, calm, knowledgeable and concise. I enjoyed working with him a lot, he was non-nonsense and at the same time, smart and to the point. He had very good industry knowledge and matching legal knowledge.”

 

Ralitsa Gougleva

“Provide professional advice on all issues we raise”

 

Kambourov & Partners

Based in Sofia and established in 1988, Kambourov & Partners is a leading Bulgarian firm that advises on all aspects of commercial law.

 

Focusses / specialisms

In banking and finance the firm has a reputation for advising banks on issues arising from insolvency proceedings. It also advises local and foreign banks and financial institutions on a mix of syndicated and bilateral loans in relation to corporate and acquisition financings. 

In M&A the firm is experienced in advising on cross border transactions, often working in key industries for Bulgaria such as telecoms, energy and pharmaceuticals.

In the project development field, the firm has a recent legacy of working on some of Bulgaria's most important energy and infrastructure projects. It has experience advising international construction companies, project developers and investors on oil and gas exploration contracts and public procurement in the transport sector.

 

Key clients

The firm has been retained by American bank NY Mellon for regulatory advice pertaining to Bulgaria Other banking sector client include Bulgarian Development Bank and UniCredit Bulbank. It has advised Vivacom, the Bulgarian telecommunications company, and another international client is China Zhongyan Engineering Corporation.

 

Research period review: 30th edition (2019/2020)

Over the research period the firm was active in banking, M&A and projects.

In the banking area the firm has advised companies on refinancing and debt restructuring. 

In M&A it was active too, with work advising on buy and sell side, in transactions which crossed multiple jurisdictions in industries from oil and gas to logistics and telecommunications. It advised on management buy outs, share and asset acquisitions. 

In the project development area the firm was particularly active in the energy sector, where it has been working on some of Bulgaria's most important projects. It advised on EPC contracts in the development of Turkstream; assisted a bidder for the Belene nuclear power plant contract; and advised the winner of the Sofa Airport concession.

 

Deal highlights: 30th edition (2019/2020)

Belene Nuclear Power Plant 

Bulgarian Industrial Engineering and Management €20 million financing

France Air Management €222.7 million acquisition of SIG Air Handling Division  

Liquibox £400 million acquisition of DS Smith’s plastic packaging division 

TurkStream

United Group €1.2 billion acquisition of VIVACOM

Yotpo Acquisition of SMSBump

 

Client feedback: 30th edition (2019/2020)

Competition

“High experience in evaluating competition matters in regard to M&A deals.”

 

M&A

“They were very responsive and know what they are talking about.”

“Extremely responsive and very commercial advice. Partner lead approach with very able lawyers there to support.”

“Had an in-depth research of the subject matter and business approach while providing professional advice of high quality.”

 

Private equity

“Highly responsive professional timely advice.”

 

Project development

“Undoubtedly, the firm's experience is of great value. The practice has been on the market for over 30 years and has advised on many of the landmark projects in Bulgaria - energy, real estate, infrastructure developments of significant economic interest. The firm is highly specialised and brings immense knowledge to the table. They also think very commercially and are always one step ahead in terms of market trends. So we can also rely on their precise and insightful vision. Great negotiators as well and fantastic at communicating and explaining.”

“In depth knowledge, professional advice of high value and always in time, business acumen”

 

Atanas Shopov

“Atanas is a deeply experienced real estate and construction lawyer. He is an all-round expert, equally specialised in commercial developments and infrastructure projects. Atanas is knowledgeable, efficient, fantastic advisor and litigator, great negotiator. He is also supportive and attentive, always addressing our questions with utmost care and proposing commercially-focused and value-adding solutions.”

 

Ivo Alexandrov

“Various professional qualifications, with the ability to process the information through all aspects and detect any possible threats.”

“Honest, attentive, responsible, well qualified and taking into consideration client's business needs.”

“Professional attitude, responsibility, quick response, business curiosity and in-depth legal advice, taking into account all possible developments.”

 

Stefan Tzakov, Elena Apsotolova

“Stefan makes your problem his”

 

Veronika Hadjieva

“She's the best, very professional and offers a great service.”

“Very responsive, transparent on fees and commercial advice.”

 

Vladimir Rangelov

“Extremely professional, reliable and sound advice.”

 

Kinkin & Partners

Kinkin & Partners is an independent Bulgarian firm with a team of 16 lawyers. The team has the capacity to communicate can in Bulgarian, English, Italian, German, Spanish, French and Russian. 

 

Focusses / specialisms

The firm is known for restructuring work and is experienced in advising creditors and debtors on debt and corporate restructurings.

It has a focus on work in the real estate, industrial and agricultural sectors  

In banking and finance. During the research period it also picked up several mandates advising foreign clients on the release of financial means from electronic money accounts and Bulgarian bank.  

 

Key clients

The firm has been advising Laurea, the UK based project services and project management company, in its dealings in Bulgaria. 

 

Research period review: 30th edition (2019/2020)

Over the previous research cycle the firm was active in banking and project work.

In banking work the firm advised international and domestic debtors in restructuring loans.

The firm assisted clients in the development of projects by advising on land acquisitions, real estate auctions, establishment of property rights, and construction contracts.  

 

Deal highlights: 30th edition (2019/2020)

Bibar Assets €1 million project financing

Glass Chem road construction 

Laurea €1 million financing 

Laurea €3.8 million infrastructure project 

Quattro Properties €4 million infrastructure project; Pancharevo

Zenith Americas restructuring

 

Client feedback: 30th edition (2019/2020)

Banking

“The team is always responsive and always make the impossible, possible.”

 

M&A

“The whole team in Kinkin & Partners consists of highly educated and experienced professionals, who are well-versed and fully cover all aspects of our needs, especially in corporate law and M&A.”

 

Private equity

“Good professionals, strictly perform the assigned services on time”

 

Project development

“The lawyers has very in-depth knowledge of the normative basis and are always capable of giving you the best possible legal advice.”

“Knowledgeable, diligent, excellent communicator, reliable and honest.”

“They are an amazing team that works with ease and always handle everything on time.”

“The lawyers in Kinkin and partners have always been dedicated to their work and willing to provide the best quality of service. With their experience and attention to detail, they would always be the first ones I turn to.”

 

Real estate

“Diligent, knowledgeable, excellent client relationship management.”

“They have strict personal approach to each case and their manner is multi-perspective - they do not wish to miss any segment of the case.”

 

Restructuring and insolvency

“Responsive, patient and client-oriented”

 

Adriana Nacheva

“She is very competent on the legal matters in her field of activity. Has the ability to introduce the legal issue in a very understandable way and show you all the risks and possibilities of each situation.”

 

Dilian Kolev

“Accepts the project as if it were his own personal, work with concentration and full of ideas.”

“They communicate very well. They are always searching for the best solution. They take care very well of my interests, especially keeping in mind that I do not reside permanently in Bulgaria”

 

Dilyana Tsoleva

“Professional, good knowledge of local laws and administrative procedures. Dilyana strictly performs the assigned services and prepared company documents on time.”

“Patient, responsive and client oriented.”

 

Vladimir Kinkin

“All lawyers from the team are very active and provide us with competent legal support in other legal areas.”

“Mr.Kinkin is one of the lawyers who know how to work, understands the intricacies of the area banking and always gathers the best team for a case according to the case.”

 

Tsvetkova Bebov Komarevski

Opened in 1998, Tsvetkova Bebov Komarevski (TBK) is a leading full-service Bulgarian firm based in Sofia.

 

Focusses / specialisms

The firm has a strong banking and finance team and expertise in capital markets transactions. It is well-versed in debt capital markets deals, having advised leading energy clients on bond issues. In lending transactions, it typically acts for the borrowers. Banks work with the firm on regulatory matters under Bulgarian and European law.

In M&A the firm often acts as Bulgarian counsel on cross border transactions.

In the project development area the firm is active in the power sector, often advising its clients on electricity supply agreements. It also has experience advising clients on public procurement matters in oil and gas and transport sector projects. 

 

Key clients

Notable recent clients of the firm include Société Générale, Mars, and 11 capital, a Bulgarian venture capital fund. 

 

Research period review: 30th edition (2019/2020)

During the research cycle the firm was active in banking and finance, capital markets, M&A and projects.

The firm has been assisting international lenders and borrowers in top up finance, debt restructuring and acquisition finance.

In the capital markets area firm has recent experience working on both bond issues and an IPO, advising issuer in both instances. 

In M&A work the firm has been providing advice to domestic and international corporations in mergers and acquisitions.

The firm was also active in project development, where it counselled in PPP tenders, concession agreements and related contracts in oil and gas, transport, telecoms and mining. The firm broadly advised the winning private participants. 

 

Deal highlights: 30th edition (2019/2020)

BalkanStream PPP 

Burgas railway infrastructure PPP

Deutsche Bahn acquisition of wagon repairing factory 

Eleven Capital Bulgarian Stock Exchange IPO 

Fourth £65 million and $15.1 million financing

Galeria Burgas Investment €38 million and €1.9 million financing 

Laboratories Thea acquisition of majority stake in Synopsis Bulgaria 

MTG acquisition of Nova Broadcasting stake

Wrigley Bulgaria / Mars Bulgaria Merger  

 

Client feedback: 30th edition (2019/2020)

Banking

“Very professional, fast and friendly. Excellent work.”

“TBK was always available, gave insightful, practicable and commercial advice on an efficient basis.”

“Very reactive and proactive, always considering all the options and providing reliable advice for the client.”

“Very experienced, hard working within short deadlines, flexible, realistic and tailored advice.”

“Strong communication skills. Can describe Bulgarian issues as compared to Canadian legal issues and security structures. Good understanding of what issues to involve lead counsel on. Commercially sensitive and readily available despite time zones.”

 

Capital markets : Debt

“Well educated and knowledgeable in the area of financial legislation, timely execution and precise opinion. Constant communication with the client and willing to support and deliver on all issues.”

 

Capital markets : Equity

“Very professional attitude, thorough knowledge of the relevant legal framework and practice and a clear customer-oriented approach.”

“This is the best transnational practice in Bulgaria”

“Very pro-active, efficient, to-the-point and hands-on approach. They are undoubtedly one of the best in the market when it comes to advisory services in the fields of capital markets (both debt and equity), banking and finance. Always consider legal in conjunction with business perspective”

 

Financial services regulatory

“No matter what we do, we are fully confident that TBK will do their best to protect us.”

“The firm is arguably one of the best sets of financial markets and financial regulatory firms in the country and adopts a very pragmatic and commercial attitude that is well received by the client types referenced above.”

“Tsvetkova Bebov Komarevski helped us to start signing ISDA MA with counterparts. They are very good in explaining complex agreements and relevant matters to them, as well as in practically oriented advising.”

 

M&A

“Very competent and very fast in response.”

“Very experienced team with very practical knowledge and expertise. They rapidly got into our strategy were very pragmatic, responsive, extremely diligent in their work and excellent negotiators.”

“Comprehensive task list and a timely response to requests.”

“The TBK team is motivated and well prepared. In our experience, I have particularly appreciated their capability to understand the needs of international clients, representing in a very clear way regulatory peculiarities of the Bulgarian Country.”

“We are happy with all their services through the years.”

“Professionalism, willingness and efficiency.”

“Professional and responsiveness. As well as being knowledgeable about M&A in general and Bulgarian aspects in particular.”

“They are focused, precise and on time.”

“The firm has a very can-do attitude, is very pro-active, understands the business and is extremely responsive.”

“We really appreciate our TBK lawyers for their highly professional, extremely prompt and market-oriented legal advice and assistance. Very pragmatic lawyers with very good insight of market practice in oil and gas industry which translates into very professional and complete legal advice. Even under time pressure many times throughout the project, we received unconditioned highly swift legal advice to all our requests. It is always a pleasure to work with TBK (especially with Venelin and Eleonora, who were the main points of contact in TBK for this project).”

“Providing the requested information and documentation in due time as well as providing high-level analysis at short notice on complex legal issues.”

“The involved lawyers showed high competence and were ready to support all our needs.”

“In a project with very tight deadlines they provided a DD report and feedback which was to the point, pragmatic but still comprehensive. TBK was very responsive and supportive throughout the project.”

 

Project development

“They are a truly professional business partner with a high level of professionalism.”

“The firm was pro-active and very responsive. The turn-around time for work product was good and the results were "user-friendly".”

 

Aleksandar Aleksandrov

“Friendly, results oriented and service focused.”

 

Damyan Leshev

“Very good lawyer, quick, precise and skilled.”

“Strong communication skills and very pleasant to work with, positive solution-oriented attitude and strong relationship building.”

“Decision taker, good knowledge and expertise in the financial services legal issues.”

“Professional, has a customer-oriented attitude, deep industry knowledge expertise and is a skilled problem-solver.”

“Mr. Leshev has excellent legal knowledge and provides high level analysis on complex legal issues at a short notice.”

 

Damyan Leshev, Nikolay Bebove and Irina Tsevetkova

“Meet the expectations for competences/approach/ delivery and final results/communication.”

 

Dimitar Grozdanov

“He has deep learning in the legal matter especially in the regulatory questions.”

“Very thorough in his work and communicates very well.”

 

Iva Georgieva

“Iva has a strong customer focus, gives fast responses and has good availability.”

“Responsive; supportive; giving to the point and clear descriptions, opinions and feedback”

 

Martina Dimitrova

“Very fast and competent”

 

Mileslava Bogdanova

“Mileslava is an employment lawyer who always has a solution to any problem and is incredibly fast and efficient”

 

Nikolay Bebov

“He knows the market very well and always looks to find commercial solutions in a jurisdiction where there is a lot of ambiguity in the law. I recommend Nikolay pretty regularly.”

“He is by far the best transactional lawyer in Bulgaria. Always responsive, works with the biggest clients and always up to date on what is happening.”

“In-depth legal knowledge and excellent understanding of our business.”

“Nikolay is a very seasoned technical financial markets and regulatory lawyer with very good relationship management skills.”

“Nikolay Bebov helped us to start signing ISDA MA with counterparts.”

“Responsiveness, accessibility and has knowledge of financial services.”

“Responsive, in-time, focused, good value for money”

 

Nikolay Bebov and Damyan Leshev

“Very high level of legal expertise, meeting of set deadlines, pro-active approach, organizing of training on hot legal/regulatory topics, reliable relationship and cooperation, easy accessibility, successful problem solving.”

 

Venelin Dimitrov

“Outstanding expert with practical experience and pragmatic approach; marvelous negotiation skills; very diligent; very responsive and always available”

“Professionalism, willingness and efficiency.”

“Responsive and professional.”

“Excellent professional with very strong market background; always provides very client-oriented solutions which are always appreciated; constantly in touch with the client to provide up-to-speed advice when needed.”

“Good project management, excellent communication skills, detailed technical knowledge”

“Excellent project management skills, good technical knowledge, innovative legal solutions”

“Very good in all business, M&A. used them 3 times for M&A at different stages. always perfect and on top of it. e.g. sometimes, on his side there may be other law firms. They were on equal footing with London city law firms. international and understanding English law well, so it was easy to communicate with London city firms.”

 

Victoria Tzonkova

“Very good technical and communication skills, determined, objective focused and very reliable!”