Bulgaria - Banking & Finance Lawyers & Law Firms - Europe - Chambers and Partners
Chambers & Partners has detected the use of an ad blocker.
We make use of tailor-made ads to enhance your experience of our website.
Please 'whitelist' https://www.chambersandpartners.com.
Close
Europe Guide

Banking & Finance — Bulgaria


Boyanov & Co. - Banking & Finance Department

-

Band 1

第一等

Chambers Commentary (based on the Chambers research)

What the team is known for Stellar practice advising financial institutions on banking regulations. Represents both issuers and underwriters in bond issuances. Praised for its activity on syndicated loan transactions. Assists with mergers within the banking field. Able to handle multi-jurisdictional work through the team's involvement in the SEE Legal network.

Strengths Impressed interviewees highlight the lawyers' fast responses: "They always react promptly and at a very high-quality level. Their advice is hands-on and practical."

Further sources praise the team's reactivity and say the firm "has been very responsive, and has an excellent knowledge of the financing market in Bulgaria."

Work highlights Acted for Scotiabank on the USD485 million syndicated financing to Telus International.

Advised Balkan Advisory Company as the lead manager on EUR130 million corporate bond issuances by Energo-Pro Varna.

Notable practitioners

Damian Simeonov offers notable experience in loans, regulatory matters, bond issuances and NPL transactions. His recent activity includes acting for both the lender and the borrower on the USD300 million credit facility provided to Osy Technologies by Credit Suisse.

Svetlina Kortenska is well versed in banking and capital markets regulatory matters. Her recent activity includes advising the National Bank of Greece on the EUR610 million sale of its Bulgarian subsidiary United Bulgarian Bank and the leasing company Interlease. She often assists with syndicated financing mandates.

Ralitsa Nedkova offers expertise in bank loans, acting for both lenders and borrowers, and bond issuances. She assisted Sofia South Ring Mall with the EUR60 million refinancing of a loan.

About the Team (content provided by Boyanov & Co.)

For more than a quarter of a century BOYANOV & Co. has advised banks, investment firms, borrowers, note issuers, underwriters and security agents on high profile and innovative finance transactions, banking M&A deals, debt restructurings, note issuance, debt enforcement and regulatory matters. In many instances, we have paved the way for pioneering legal practices in our country or initiated law amendments.

BOYANOV & Co. is not only highly qualified and experienced in local law banking and finance matters, but is also well familiar with standard English law finance documents.

BOYANOV & Co.’s newest Fintech practice is advising clients on a variety of Fintech legal matters, including cryptocurrencies and crypto tokens.

Based on its vast experience, the firm’s finance team, when necessary in combination with other teams at BOYANOV & Co., is able to assist in all aspects of even the most complex finance transactions, in a speedy manner, at international standards and at competitive price.

BOYANOV & Co. is known for its professional integrity, solution-oriented approach, responsiveness and quick turn-around times.

BOYANOV & Co. is among the founding members of the South East Europe Legal Group (aka SEE Legal), which covers 12 jurisdictions through more than 470 lawyers. For the past 15 years, SEE Legal has become internationally recognised top regional legal service provider offering one-stop shop for legal services in SEE region, including through its Financial Practice Group.

No Content Provided

Industries

  • {{member.name}}

No Content Provided

Clients

  • {{member.name}}

No Content Provided

Date

Title

{{ article.publishedDate | date: 'longDate' }}

{{article.title}}


CMS - Banking & Finance Department

-

Band 1

第一等

Chambers Commentary (based on the Chambers research)

What the team is known for Sought after by financial institutions in the CEE region, Germany and Austria thanks to the firm's strong European network. Leading firm for a variety of financing matters, including acquisition finance, project finance and real estate finance. Has several clients from the energy and telecoms sectors. Provides further experience in NPL transactions and debt restructuring.

Strengths Sources highlight the team's cross-border capabilities, saying: "The local office has good coverage of both international and local law," and further praise its support in complex transactions due to its "good service and good value."

Clients pick out the responsiveness of the lawyers, saying that "they are very easily accessible and very hands-on," while others point out the clarity of the advice: "We always receive to-the-point, comprehensive answers."

Work highlights Advised Revetas Capital Advisors on the purchase of a distressed real estate project, as well as the renegotiation of the financing documentation and the security package with Raiffeisen Bank International.

Assisted Erste Bank with an amendment to existing real estate financing and sale of a real estate.

Notable practitioners

Interviewees are pleased with Elitsa Ivanova's "very high quality of service, precise drafting skills and very responsive" nature. She is dual-qualified in Bulgaria and England and is widely reputed for her work on cross-border financing transactions. Her recent highlights include acting for UniCredit Bulbank on the English and Bulgarian aspects of the financing provided to Bulpros Consulting for the acquisition of three companies from GBS Group. She advises banks and investment funds on acquisition and project financing, as well as financial restructuring issues.

Clients enjoy working with Gentscho Pavlov and appreciate the "positive working relationship." He regularly advises international banks on project, acquisition, syndicated and real estate financing, as well as regulatory and compliance matters. He offers further experience of distressed asset transactions and recently represented UniCredit Bulbank in the EUR93 million disposal of a corporate real estate secured NPL portfolio in Bulgaria.

About the Team (content provided by CMS )

CMS Sofia, with more than 30 lawyers, was founded in 2005.  We are currently the largest international law firm on the local market. CMS Sofia is the headquarters of CMS in Bulgaria. This means that, in addition to our strong local roots and excellent reputation on the Bulgarian market, we are part of an organisation with over 4,5000 legal and tax professionals in 39 countries. All our lawyers work extensively with international colleagues across CMS and specialise in working within industry sectors from the beginning of their careers. As an organisation doing business in Bulgaria you will work with the right combination of lawyers from our full service practice.

Our banking and finance team’s expertise ranges from transactional support to regulatory work. Areas of expertise include regulatory and compliance advice, corporate finance, real estate finance, restructuring/insolvency, project finance, asset finance and leasing, derivatives, treasury management and capital markets. Our strong knowledge of the sector, combined with our depth and breadth of resources, means that we are able to provide assistance quickly and efficiently.

No Content Provided

Industries

  • {{member.name}}

No Content Provided

Clients

  • {{member.name}}

No Content Provided

Date

Title

{{ article.publishedDate | date: 'longDate' }}

{{article.title}}


Djingov, Gouginski, Kyutchukov & Velichkov - Banking & Finance Department

-

Band 1

第一等

Chambers Commentary (based on the Chambers research)

What the team is known for Highly esteemed team for securitisation and sovereign financing matters. Notably recommended for secured transactions, corporate and project finance and regulatory advice. Outstanding work on acquisition finance and capital markets transactions. Also advises on public finance matters. Acts for a range of local and international banks, asset managers, investment funds and borrowers.

Strengths Clients are keen to note that the team's "timing, flexibility and problem-solving skills are impressive."

Work highlights Assisted Burgan Bank with the syndicated loan facility provided to Turkish construction company Garanti Koza for the construction of the Grand Canyon project in Sofia.

Acted for Zobele Holding and its Bulgarian subsidiary on the local aspects of the financing and security arrangements with a banking syndicate concerning a EUR210 million refinancing of senior secured notes offering and super senior revolving credit facilities.

Notable practitioners

Impressed interviewees highlight Georgi Tzvetkov for his ability to meet strict deadlines and his diligence. Sources also admire his "bright, ambitious and energetic" nature. His recent highlights include advising DSK Bank and OTP Bank on the restructuring of the EUR90 million acquisition financing provided to the operator of Bulgarian retail centre The Mall. He has extensive experience acting for lenders and borrowers on project, acquisition and shipping financing transactions. He is also well practised in capital markets matters.

Nikolai Gouginski regularly advises local and international banks on acquisition financing, project financing and refinancing matters. He offers further experience in bond issuances. He recently advised Wilmington Trust as a trustee on the issuance of super senior secured notes.

About the Team (content provided by Djingov, Gouginski, Kyutchukov & Velichkov)

Banking and finance constitutes a core area in the legal practice of DGKV. The law firm has one of the largest and most diverse banking and finance practices in Bulgaria and is recognized as one of the factors on the financial market in the country by respected international legal guides as Chambers and partners, Legal 500, IFLR 1000, Who's Who, etc. With more than 12 highly regarded practitioners, DGKV has the resources to assemble the right team to address the most complicated and time-sensitive matters. What sets us apart is our thorough understanding of the clients' business and objectives. Blending insights and experience from across the law firm, our lawyers identify solutions and deliver positive results when handling a variety of sophisticated financial projects. The Banking and Finance Practice Group is widely acknowledged for its broad practical experience and in-depth knowledge of the national and EU law requirements, and the lawyers are internationally recognized for the outstanding quality of the legal services provided to clients. DGKV has proven expertise and long-term experience in all aspects of corporate finance and securities, secured transactions and lending, project finance, banking and regulated markets. The law firm advises major local and Fortune 500 companies on complex domestic and international financial projects across a variety of industries. 

No Content Provided

Industries

  • {{member.name}}

No Content Provided

Clients

  • {{member.name}}

No Content Provided

Date

Title

{{ article.publishedDate | date: 'longDate' }}

{{article.title}}


Spasov & Bratanov Lawyers' Partnership - Banking & Finance Department

-

Band 1

第一等

Chambers Commentary (based on the Chambers research)

What the team is known for Established firm with a good reputation for banking and financing transactions, especially in the energy sector. Noted for acting as local counsel on international financing deals. Offers further experience in financial litigation. Represents a number of banks in project financing and loan agreements. Also advises on bond issuances.

Strengths Clients appreciate the "excellent support and advice" provided by the lawyers, and add that the lawyers are "experienced and knowledgeable" and "have an eye for detail and the patience to find a good solution."

Notable practitioners

Georgi Spasov is widely respected in the market for his extensive experience in corporate and financing matters. He offers notable expertise in banking and securities law.

Dual-qualified in Sofia and New York, Vassil Hadjov is well regarded in the market for his long-standing experience in banking and financing matters. Sources regard him as "a leading lawyer" in this area.

Nadia Hadjova gains particular recognition for her activity in the energy sector. She provides notable experience in capital markets and financing transactions, including leveraged finance, syndicated loans and asset finance.

About the Team (content provided by Spasov & Bratanov Lawyers' Partnership)

Department profile not yet provided by Spasov & Bratanov Lawyers' Partnership. Please see their firm profile.

No Content Provided

Industries

  • {{member.name}}

No Content Provided

Clients

  • {{member.name}}

No Content Provided

Date

Title

{{ article.publishedDate | date: 'longDate' }}

{{article.title}}


Tsvetkova Bebov Komarevski, Attorneys-at-Law - Banking & Finance Department

-

Band 1

第一等

Chambers Commentary (based on the Chambers research)

What the team is known for Excellent reputation for debt and equity capital markets expertise, advising on sovereign bonds, IPO structuring and tender offers. Has a strong practice assisting borrowers and lenders with securities, derivatives and structured products. Represents clients in financial litigation. Acts for investment firms, issuers and underwriters. Further advises banks on financial and capital markets regulatory matters.

Strengths Sources are impressed with the "energetic" team of lawyers, adding: "They have always been up to the task, no matter how complex it might have been."

Clients appreciate the firm's strength in regulatory matters, suggesting: "They are the best in the area of capital markets and any other deals with financial instruments."

Interviewees underline the team's practical approach, with one source reporting: "They are very flexible, very pragmatic when answering questions and have a good level of practical knowledge," and adding: "They look for practical solutions and have great legal expertise in a variety of matters."

Work highlights Advised Energo-Pro Varna on the issuance of EUR130 million bonds listed on the Bulgarian Stock Exchange.

Acted for the Republic of Bulgaria on local law matters in relation to the issuance of two tranches of notes valued at EUR1.994 billion.

Notable practitioners

Nikolay Bebov maintains his outstanding reputation in the market. He is particularly well regarded for capital markets matters and regularly advises fund managers and banks, as well as issuers, on their transactions and regulatory issues. Clients are highly impressed by his availability: "He was extremely smart and he made sure that the service was of a very high quality but also timely. He proactively made himself available any day of the week, including weekends, and he had a communication style that was very effective." He recently acted for Raiffeisen Capital Management on its filings to the Bulgarian Financial Supervision Commission concerning 11 Austrian UCITS funds.

Sources point out Damyan Leshev's "solid legal knowledge, great expertise, and his flexible and pragmatic approach." He is well respected for his activity on capital markets and financing transactions, representing issuers, lenders and borrowers. He assisted UniCredit Bulbank with the implementation of a number of venture capital investments via lending.

About the Team (content provided by Tsvetkova Bebov Komarevski, Attorneys-at-Law)

Department profile not yet provided by Tsvetkova Bebov Komarevski, Attorneys-at-Law. Please see their firm profile.

No Content Provided

Industries

  • {{member.name}}

No Content Provided

Clients

  • {{member.name}}

No Content Provided

Date

Title

{{ article.publishedDate | date: 'longDate' }}

{{article.title}}


DTT - Banking & Finance Department

-

Band 2

第二等

Chambers Commentary (based on the Chambers research)

What the team is known for Has particular strength in debt and equity capital markets transactions, as well as advising on public offerings and convertible debt. Acts for REITs, mutual funds and investment companies. Assists with asset management matters, takeover bids and loan facility agreements. Represents clients in financial litigation and handles mergers between financial institutions. Experienced advising on the establishment of investment funds and asset management companies.

Strengths Clients are pleased with the advice of the lawyers, saying: "They react promptly, deliver a quality product and have a deep understanding of financial services and banking relations."

Further sources laud the reactivity of the team and say the practitioners "are responsive and have very good knowledge of the law as well as giving focused and considered advice."

Work highlights Acted for the arranger, Nomura International, on the update to the EUR200 million Euro medium term note programme and issuance of up to EUR100 million notes by Eurohold Bulgaria.

Advised TNK Capital Management on its incorporation and licensing by the Bulgarian Financial Supervision Commission, including various regulatory issues related to the MiFID requirements.

Notable practitioners

Widely respected in the market for his capital markets expertise, Iordan Tchompalov is described by clients as "very pleasant." He acts for a range of financial institutions and borrowers on their capital markets transactions, disputes and regulatory issues. Additional sources highlight him as "knowledgeable, greatly experienced and very well respected in the local financial community." He recently advised Invest Capital and Central Cooperative Bank, as sponsor and financial adviser respectively, on the sale of the issuer and amendment of the EUR65 million secured exchangeable bonds issued by Global Invest Holding.

Katya Todorova is notable for her experience in capital markets transactions, as well as regulatory issues and disputes. She also acts on insolvency and M&A issues for banks and MiFID-compliant companies.

About the Team (content provided by DTT)

Department profile not yet provided by DTT. Please see their firm profile.

No Content Provided

Industries

  • {{member.name}}

No Content Provided

Clients

  • {{member.name}}

No Content Provided

Date

Title

{{ article.publishedDate | date: 'longDate' }}

{{article.title}}


Kinstellar - Banking & Finance Department

-

Band 2

第二等

Chambers Commentary (based on the Chambers research)

What the team is known for Strong regional network enables the firm to assist with cross-border matters throughout the CEE region. Has considerable experience of non-performing loan transactions. Also advises clients on banking regulations and represents clients in corporate investigations. Offers notable experience in regulatory issues related to banking M&A, capital markets and non-banking financial institutions.

Strengths Clients are particularly pleased with the lawyers' "speed, accuracy and reliability," and further state: "Their attitude is impeccable."

Additional interviewees are impressed by "the patient and stress-free communication with the lawyers."

Work highlights Acted for KBC Bank on the EUR610 million purchase of United Bulgarian Bank and Interlease from the National Bank of Greece.

Advised OTP Bank, DSK Bank and Eurobank Bulgaria on the EUR133 million credit facilities offered to four companies operating Business Park Sofia.

Notable practitioners

Svilen Issaev offers experience across a wide range of financing transactions and is well regarded for mezzanine structuring and securities documentation. Clients value that he is "very easily accessible and a results-oriented person." Further sources praise his "deep knowledge of Bulgarian law." Recently he advised UniCredit and a syndicate of senior lenders on the local aspects of the EUR210 million senior syndicated loan to Zobele Holding.

About the Team (content provided by Kinstellar)

Department profile not yet provided by Kinstellar. Please see their firm profile.

No Content Provided

Industries

  • {{member.name}}

No Content Provided

Clients

  • {{member.name}}

No Content Provided

Date

Title

{{ article.publishedDate | date: 'longDate' }}

{{article.title}}


Schoenherr (in cooperation with Stoyanov & Tsekova) - Banking & Finance Department

-

Band 2

第二等

Chambers Commentary (based on the Chambers research)

What the team is known for Frequently advises on acquisition finance, securities enforcement and the sale and acquisition of non-performing loans. Assists clients with refinancing projects in the energy sector. Also handles interest rate swaps and bond-related matters. Has several clients from the banking sector, both international and domestic.

Strengths Clients underline the lawyers' organisation and time management skills, adding: "They are good communicators and balance well between the various tasks."

Further sources admire the attitude of the lawyers and point out the "tailor-made solutions and advice."

Work highlights Advised Kredyt Inkaso Investments on the acquisition of non-performing loans in Bulgaria and its registration as a non-bank financial institution before the Bulgarian National Bank.

Acted for Moncada Energy Group and its Bulgarian subsidiary as the borrower on the restructuring of a EUR21 million credit facility provided by UniCredit Bulbank.

Notable practitioners

Tsvetan Krumov is highly admired for his capital markets expertise by clients, who say: "He provides comprehensive assistance and thinks outside the box." He is experienced in securities structuring, credit facilities and restructuring and insolvency matters. His recent workload includes advising UniCredit Bulbank and Société Générale Expressbank on the EUR60 million LMA-style financing provided to companies operating solar parks.

About the Team (content provided by Schoenherr (in cooperation with Stoyanov & Tsekova))

Schoenherr advises on banking, finance (including project and acquisition finance), debt restructuring and refinancing, acquisition and disposition of distressed assets and loan portfolios, claims trading, capital market transactions involving equity (including equity linked and hybrid), debt (including high yield) and regulatory capital issuances, funds, derivatives, structured finance, securitisation, and other financial services. We provide transactional and regulatory advice.

In addition, we support our financial services clients in their litigation and dispute resolution needs, from high-profile disputes and major investigations, to reputational risk management and compliance issues.

Our lawyers act for major international and regional banks, other financial institutions (insurance companies, funds and asset managers), corporates (issuers, borrowers and sponsors), sovereigns and quasi-sovereigns



No Content Provided

Industries

  • {{member.name}}

No Content Provided

Clients

  • {{member.name}}

No Content Provided

Date

Title

{{ article.publishedDate | date: 'longDate' }}

{{article.title}}


Wolf Theiss - Banking & Finance Department

-

Band 2

第二等

Chambers Commentary (based on the Chambers research)

What the team is known for Advises both lenders and borrowers on cross-border and domestic financing. Acts on financing schemes and restructuring mandates, as well as insurance and private equity transactions. Regularly assists with NPL transactions and regulatory issues for a number of international and domestic banks and investment companies.

Strengths Clients note the lawyers' "commitment, timely delivery and the ability to maintain good relationships with all parties."

The team is further praised by interviewees for being "agile and able to meet the agreed deadlines."

Work highlights Advised the local syndicate of United Bulgarian Bank, Eurobank Bulgaria, Piraeus Bank and Alpha Bank on the financing structure for a syndicated lending model.

Acted for Merrill Lynch on the establishment of financial collateral on dematerialised securities.

Notable practitioners

Highly appreciated by clients, Katerina Kraeva is described as a "very good expert in banking transactions." She is well reputed for her experience in acquisition finance, project finance and restructuring mandates, and also receives particular praise for her work in asset-based lending. She assisted Arco Capital with the refinancing and new development financing by DSK Bank, OTP Bank and Eurobank for the expansion of an office park.

About the Team (content provided by Wolf Theiss)

Our Reputation

Wolf Theiss Sofia is a first-choice law firm with ample experience in multijurisdictional and domestic finance transactions. We use our international expertise in combination with our Bulgarian legal knowledge to provide the seamless and high quality work product to which clients in the finance area are accustomed. We have a team of senior lawyers, many of whom worked for leading professional services firms and finance institutions, and deliver legal advice that is firmly grounded in commercial reality.

Our Cases

We are currently working with some of the biggest banks, insurers and financial institutions and their customers in Central and East and Southeast Europe on issues from commercial lending, project financing and private equity to regulatory work,  IPOs, takeovers, credit-linked notes, securitizations, de-listings and loan portfolios. As a result of our specialization we have taken on a key forerunner position on current legal issues in Bulgaria advising on regulatory matters related to financial instruments transactions, payment services and market entries.

Our Role

We are able to provide commercial and strategical advice on local challenges; enabling our clients to accommodate and deal with issues ahead of time during the project structuring. We regularly work as lead advisers and manage and coordinate regional projects out of Bulgaria.



No Content Provided

Industries

  • {{member.name}}

No Content Provided

Clients

  • {{member.name}}

No Content Provided

Date

Title

{{ article.publishedDate | date: 'longDate' }}

{{article.title}}


Kambourov & Partners - Banking & Finance Department

-

Band 3

第三等

Chambers Commentary (based on the Chambers research)

What the team is known for Represents local and international credit and financial institutions in syndicated facility arrangements and bond placements. Assists clients with banking and capital markets regulation. Acts on public takeovers, private equity transactions and financial litigation, including enforcement and contentious issues relating to insolvency cases. Well versed in financial restructuring mandates.

Strengths Clients highlight the "prompt and high-quality" services provided by the team, adding: "We have been impressed by the motivation of the lawyers and their level of expertise."

Work highlights Acted for Petroceltic on its financial restructuring following its takeover by Worldview Capital.

Advised the Bulgarian Export Insurance Agency on a range of financial issues, including disputes with DSK Bank.

Notable practitioners

Vladimir Rangeloff advises a range of credit institutions, investment managers and banks on restructuring, financing and regulatory issues. He recently acted for Credit Europe as pledgee on a USD25 million uncommitted credit facility for Belor Group.

About the Team (content provided by Kambourov & Partners)

KP covers finance, securities and banking law, with specific proficiency in syndicated facility arrangements, public and private bond placements, enforcement of different security agent structures, public takeovers, regulation of banking and capital markets, financial collateral arrangements, enforcement of netting arrangements, custodian and escrow arrangements of financial instruments.

The Banking & Finance department has a solid expertize in representing local and international credit and financial institutions, investment and hedge funds, in a multitude of complex transactions, e.g. large syndicated financings, cross-border finance, transactions involving security interests in innovative types of security packages (including escrow of shares and financial instruments).

Working together with the Insolvency and Restructuring department, the Banking & Finance team is capable of analyzing and mitigating to a maximum practical extent collateral and insolvency risks, as well as identifying and analyzing legal, regulatory and tax issues, relevant to the client’s financing activities.

Furthermore, KP provides expert advice on compliance with the Bulgarian legal requirements regarding credit and financial institutions and public companies. The firm acts as counsel on all issues related to foreign investments, cross-border finance, etc.




No Content Provided

Industries

  • {{member.name}}

No Content Provided

Clients

  • {{member.name}}

No Content Provided

Date

Title

{{ article.publishedDate | date: 'longDate' }}

{{article.title}}


Penkov, Markov & Partners - Banking & Finance Department

-

Band 3

第三等

Chambers Commentary (based on the Chambers research)

What the team is known for Acts for domestic and foreign financial institutions. Advises on the creation of asset management companies. Assists investment companies with regulatory matters. Active in the field of capital markets, with experience in private equity, M&A and restructuring and insolvency matters. Well versed in cross-border financing and regulatory issues.

Strengths Sources admire the versatility of the firm, suggesting that the lawyers are "flexible to the needs of the clients and reliable in their advice."

Impressed by the business-minded approach of the lawyers, clients also say: "They consider not only the purely legal aspects of deals but also the commercial logic and processes."

Work highlights Acted for 4finance Group on regulatory issues following its EUR69 million purchase of TBI Bank.

Advised the EBRD on the recovery of a EUR6 million loan.

Notable practitioners

Ivan Markov regularly advises financial institutions on M&A, financing, restructuring and transfer issues. He assisted Profi Credit Bulgaria and Dairewa Finance with a EUR14 million cross-border non-syndicated loan.

About the Team (content provided by Penkov, Markov & Partners)

Department profile not yet provided by Penkov, Markov & Partners. Please see their firm profile.

No Content Provided

Industries

  • {{member.name}}

No Content Provided

Clients

  • {{member.name}}

No Content Provided

Date

Title

{{ article.publishedDate | date: 'longDate' }}

{{article.title}}


Tocheva & Mandazhieva - Banking & Finance Department

-

Band 3

第三等

Chambers Commentary (based on the Chambers research)

What the team is known for Offers Bulgarian banking regulatory advice, assisting investment companies with securities law, licensing and registration. Has notable activity in capital markets work, including initial capital increases. Represents a number of clients from the energy and real estate sectors. Also provides advice on project finance and stock exchange listing, and represents financial institutions before authorities.

Strengths Clients are impressed by the solution-oriented approach of the team and specify: "Particularly, it is their deep knowledge in the capital markets area and their attitude towards finding solutions to the most complicated issues."

Work highlights Acted for the SPVs of Samsung C&T on the EUR55 million project financing related to solar parks.

Advised STAD on its EUR3 million project finance transaction with UniCredit Bulbank.

Notable practitioners

The "very creative and smart" Zhulieta Mandazhieva is highly appreciated by clients, who say she "understands the business and the law very well, and helps you to find solutions." She is widely admired in the market for her capital markets expertise and recently acted for Matador Prime on the implementation of MiFID I and matters related to MiFID II. She regularly represents clients from the manufacturing and IT sectors, as well as investment funds, in their regulatory and financing matters.

About the Team (content provided by Tocheva & Mandazhieva)

Department profile not yet provided by Tocheva & Mandazhieva. Please see their firm profile.

No Content Provided

Industries

  • {{member.name}}

No Content Provided

Clients

  • {{member.name}}

No Content Provided

Date

Title

{{ article.publishedDate | date: 'longDate' }}

{{article.title}}


Eminent Practitioner

Deloitte Legal

From the Chambers Europe guide

Reneta Petkova of Deloitte Legal is well versed in secured financing transactions, financial compliance and regulatory matters. Clients appreciate her management approach, "her deep knowledge and experience," as well as "her friendly manner of communicating with clients and colleagues alike."

^ See whole ranking table

Eminent Practitioner

Spasov & Bratanov Lawyers' Partnership

From the Chambers Europe guide

Georgi Spasov is widely respected in the market for his extensive experience in corporate and financing matters. He offers notable expertise in banking and securities law.

^ See whole ranking table

Band 1

Tsvetkova Bebov Komarevski, Attorneys-at-Law

From the Chambers Europe guide

Nikolay Bebov maintains his outstanding reputation in the market. He is particularly well regarded for capital markets matters and regularly advises fund managers and banks, as well as issuers, on their transactions and regulatory issues. Clients are highly impressed by his availability: "He was extremely smart and he made sure that the service was of a very high quality but also timely. He proactively made himself available any day of the week, including weekends, and he had a communication style that was very effective." He recently acted for Raiffeisen Capital Management on its filings to the Bulgarian Financial Supervision Commission concerning 11 Austrian UCITS funds.

^ See whole ranking table

Band 1

Spasov & Bratanov Lawyers' Partnership

From the Chambers Europe guide

Dual-qualified in Sofia and New York, Vassil Hadjov is well regarded in the market for his long-standing experience in banking and financing matters. Sources regard him as "a leading lawyer" in this area.

^ See whole ranking table

Band 1

Boyanov & Co.

From the Chambers Europe guide

Damian Simeonov offers notable experience in loans, regulatory matters, bond issuances and NPL transactions. His recent activity includes acting for both the lender and the borrower on the USD300 million credit facility provided to Osy Technologies by Credit Suisse.

^ See whole ranking table

Band 1

Iordan Tchompalov

DTT

From the Chambers Europe guide

Widely respected in the market for his capital markets expertise, Iordan Tchompalov is described by clients as "very pleasant." He acts for a range of financial institutions and borrowers on their capital markets transactions, disputes and regulatory issues. Additional sources highlight him as "knowledgeable, greatly experienced and very well respected in the local financial community." He recently advised Invest Capital and Central Cooperative Bank, as sponsor and financial adviser respectively, on the sale of the issuer and amendment of the EUR65 million secured exchangeable bonds issued by Global Invest Holding.

^ See whole ranking table

Band 2

Svetlina Kortenska

Boyanov & Co.

From the Chambers Europe guide

Svetlina Kortenska is well versed in banking and capital markets regulatory matters. Her recent activity includes advising the National Bank of Greece on the EUR610 million sale of its Bulgarian subsidiary United Bulgarian Bank and the leasing company Interlease. She often assists with syndicated financing mandates.

^ See whole ranking table

Band 2

Wolf Theiss

From the Chambers Europe guide

Highly appreciated by clients, Katerina Kraeva is described as a "very good expert in banking transactions." She is well reputed for her experience in acquisition finance, project finance and restructuring mandates, and also receives particular praise for her work in asset-based lending. She assisted Arco Capital with the refinancing and new development financing by DSK Bank, OTP Bank and Eurobank for the expansion of an office park.

^ See whole ranking table

Band 2

Penkov, Markov & Partners

From the Chambers Europe guide

Ivan Markov regularly advises financial institutions on M&A, financing, restructuring and transfer issues. He assisted Profi Credit Bulgaria and Dairewa Finance with a EUR14 million cross-border non-syndicated loan.

^ See whole ranking table

Band 2

Djingov, Gouginski, Kyutchukov & Velichkov

From the Chambers Europe guide

Impressed interviewees highlight Georgi Tzvetkov for his ability to meet strict deadlines and his diligence. Sources also admire his "bright, ambitious and energetic" nature. His recent highlights include advising DSK Bank and OTP Bank on the restructuring of the EUR90 million acquisition financing provided to the operator of Bulgarian retail centre The Mall. He has extensive experience acting for lenders and borrowers on project, acquisition and shipping financing transactions. He is also well practised in capital markets matters.

^ See whole ranking table

Band 3

Spasov & Bratanov Lawyers' Partnership

From the Chambers Europe guide

Nadia Hadjova gains particular recognition for her activity in the energy sector. She provides notable experience in capital markets and financing transactions, including leveraged finance, syndicated loans and asset finance.

^ See whole ranking table

Band 3

CMS

From the Chambers Europe guide

Interviewees are pleased with Elitsa Ivanova's "very high quality of service, precise drafting skills and very responsive" nature. She is dual-qualified in Bulgaria and England and is widely reputed for her work on cross-border financing transactions. Her recent highlights include acting for UniCredit Bulbank on the English and Bulgarian aspects of the financing provided to Bulpros Consulting for the acquisition of three companies from GBS Group. She advises banks and investment funds on acquisition and project financing, as well as financial restructuring issues.

^ See whole ranking table

Band 3

Zhulieta Mandazhieva

Tocheva & Mandazhieva

From the Chambers Europe guide

The "very creative and smart" Zhulieta Mandazhieva is highly appreciated by clients, who say she "understands the business and the law very well, and helps you to find solutions." She is widely admired in the market for her capital markets expertise and recently acted for Matador Prime on the implementation of MiFID I and matters related to MiFID II. She regularly represents clients from the manufacturing and IT sectors, as well as investment funds, in their regulatory and financing matters.

^ See whole ranking table

Band 4

Nikolai T Gouginski

Djingov, Gouginski, Kyutchukov & Velichkov

From the Chambers Europe guide

Nikolai Gouginski regularly advises local and international banks on acquisition financing, project financing and refinancing matters. He offers further experience in bond issuances. He recently advised Wilmington Trust as a trustee on the issuance of super senior secured notes.

^ See whole ranking table

Band 4

Schoenherr (in cooperation with Stoyanov & Tsekova)

From the Chambers Europe guide

Tsvetan Krumov is highly admired for his capital markets expertise by clients, who say: "He provides comprehensive assistance and thinks outside the box." He is experienced in securities structuring, credit facilities and restructuring and insolvency matters. His recent workload includes advising UniCredit Bulbank and Société Générale Expressbank on the EUR60 million LMA-style financing provided to companies operating solar parks.

^ See whole ranking table

Band 4

CMS

From the Chambers Europe guide

Clients enjoy working with Gentscho Pavlov and appreciate the "positive working relationship." He regularly advises international banks on project, acquisition, syndicated and real estate financing, as well as regulatory and compliance matters. He offers further experience of distressed asset transactions and recently represented UniCredit Bulbank in the EUR93 million disposal of a corporate real estate secured NPL portfolio in Bulgaria.

^ See whole ranking table

Band 4

Vladimir Rangeloff

Kambourov & Partners

From the Chambers Europe guide

Vladimir Rangeloff advises a range of credit institutions, investment managers and banks on restructuring, financing and regulatory issues. He recently acted for Credit Europe as pledgee on a USD25 million uncommitted credit facility for Belor Group.

^ See whole ranking table

Band 4

DTT

From the Chambers Europe guide

Katya Todorova is notable for her experience in capital markets transactions, as well as regulatory issues and disputes. She also acts on insolvency and M&A issues for banks and MiFID-compliant companies.

^ See whole ranking table

Associates to watch

Kinstellar

From the Chambers Europe guide

Svilen Issaev offers experience across a wide range of financing transactions and is well regarded for mezzanine structuring and securities documentation. Clients value that he is "very easily accessible and a results-oriented person." Further sources praise his "deep knowledge of Bulgarian law." Recently he advised UniCredit and a syndicate of senior lenders on the local aspects of the EUR210 million senior syndicated loan to Zobele Holding.

^ See whole ranking table

Associates to watch

Tsvetkova Bebov Komarevski, Attorneys-at-Law

From the Chambers Europe guide

Sources point out Damyan Leshev's "solid legal knowledge, great expertise, and his flexible and pragmatic approach." He is well respected for his activity on capital markets and financing transactions, representing issuers, lenders and borrowers. He assisted UniCredit Bulbank with the implementation of a number of venture capital investments via lending.

^ See whole ranking table

Associates to watch

Boyanov & Co.

From the Chambers Europe guide

Ralitsa Nedkova offers expertise in bank loans, acting for both lenders and borrowers, and bond issuances. She assisted Sofia South Ring Mall with the EUR60 million refinancing of a loan.

^ See whole ranking table