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Europe Guide

Banking & Finance — Bulgaria

Band 1

第一等

From the Chambers Europe guide

Basic facts about the department
- Head of department: Damian Simeonov
- 5 partners
- 8 other qualified lawyers

What the team is known for Stellar practice advising financial institutions on banking regulations and debt enforcement. Has an exceptional reputation for debt restructuring, acting for borrowers and lenders. Highly regarded for representing both underwriters and note issuers in note issuances. Assists with mergers within the banking field. Able to handle multi-jurisdictional work through the team's involvement in the South East Europe Legal network.

Strengths Sources have a "very good impression" of Boyanov and think: "They are on another level."

Clients say that the firm has "a good understanding of Bulgarian banking practices and implementing international projects in Bulgaria." 

Work highlights Advised the European Investment Fund on the SME Initiative for Uncapped Guarantee Instrument, a financial instrument designed to help SMEs gain access to financing.

Assisted the EBRD with the restructuring of a loan to Globe Trade Centre.

Significant clients Citigroup Global Markets, UBS, Deutsche Bank, Raiffeisen Bank, National Asset Loan Management.

Notable practitioners  

Svetlina Kortenska is described by clients as "very responsive and knowledgeable." Kortenska is a market leader in the fields of payment services and EU funds regulation. She also advises clients on banking regulations and capital markets transactions. She frequently assists with acquisitions within the banking sector.

Interviewees say that Damian Simeonov is "one of the best I have had the pleasure of working with." He is a leading figure for regulatory advice and often assists banks with non-performing loans. He also has a strong reputation for alternative investment funds and bond issues. Simeonov acted for Capita Asset Services on the restructuring and refinancing of a non-performing loan.

Clients say that Ralitsa Nedkova is "very detail-oriented, commercially minded and able to proactively point out the pros and cons." She assists clients with bank loans and securities matters.

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Band 1

第一等

From the Chambers Europe guide

Basic facts about the department
- Heads of department: Elitsa Ivanova and Gentscho Pavlov
- 1 partner
- 10 other qualified lawyers

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 trade finance, project finance and leveraged finance. Has several clients from the energy and telecoms sectors. Represents clients in enforcements and banking litigation as well as assisting with corporate loans and financing agreements.

Strengths Interviewees highlight the firm's "attention to the client: the lawyers understand the urgency of clients and service-wise they are top-notch." Clients also add that the team "always delivered on time and is approachable."

Clients benefit from the firm's international expertise, saying: "The firm is well equipped to advise on English law and on recent changes to EU law."  

Work highlights Advised Advent International as founding shareholder on the sale of KAI Group to an affiliate of Mohawk Industries.

Acted for UniCredit as the bookrunner, arranger and lender on a EUR103 million facility agreement to refinance existing loans.

Significant clients HETA Asset Resolution, Riverside Europe.

Notable practitioners  

Clients report that Elitsa Ivanova "was able to get back to us quickly, and addressed our concerns in a clear and logical manner." Ivanova acts for financial institutions on a range of cross-border mandates, including capital markets and private equity matters. She advises on syndicated finance and banking regulations. In addition, Ivanova is qualified to practise in England.

Gentscho Pavlov advises financial institutions and borrowers on real estate securities, financial restructuring and acquisition finance. Clients say he is "always available, very engaged, he takes you seriously and is very solution-driven." Pavlov represented UniCredit in the restructuring of a real estate financing.

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Band 1

第一等

From the Chambers Europe guide

Basic facts about the department
- Heads of department: Vessela Stancheva-Mincheva, Nikolai Gouginski and Georgi Tzvetkov
- 3 partners
- 6 other qualified lawyers

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 and the regulation of investment services.

Strengths Clients describe it as "a result-oriented, fast, quick-moving, responsive team that thinks of the client's wishes," adding: "Their level of service was amazing."

Clients also highlight that the firm "maintains high standards and offers a prompt response." 

Work highlights Advised DVB Bank on the restructuring of a EUR40 million shipping financing loan to Navigation Maritime Bulgare.

Assisted the EBRD with a EUR10 million financing to Bella Bulgaria to finance the acquisition of a Greek meat processing facility.

Significant clients Globe Trade Centre, UniCredit, APS Holding, Wilmington Trust.

Notable practitioners  

Georgi Tzvetkov has a strong reputation for advising banks and corporations on structured finance and project finance. He is highly thought of for his work on LBOs and acquisition financing mandates. Clients say he is "so clear, so flexible, so quick, he is excellent." Tzvetkov advised OTP Bank and DSK Bank on a EUR24.5 million project financing loan to City Hospital.

Clients say that Nikolai Gouginski "is very thorough, handles tense legal situations with patience and brings strong local legal know-how to the team." Gouginski assists with project finance and international lending. He advised the International Investment Bank and Bulgarian Development Bank on a EUR10 million term loan facility and EUR5 million revolving facility.

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Band 1

第一等

From the Chambers Europe guide

What the team is known for Leading practice for acquisition and project finance. Excellent reputation for regulatory matters and capital markets issues. Represents high-profile banks and financial institutions, as well as small and medium-sized companies. Experienced in financial litigation, including white-collar crime matters. Advises clients on asset finance, restructuring and securitisation transactions

Strengths Interviewees say that the lawyers "know the expectations of foreign clients and are practical and applied."

Clients say it is "a good team, very approachable, gives quick feedback and responds quickly." 

Work highlights Assisted BEH EAD with a EUR535 million bridge-to-Eurobond financing.

Advised UniCredit Bulbank on its secured leveraged acquisition financing of Fadata.

Significant clients BNP Paribas, Alpha Bank, Raiffeisen Bank, VTB Capital, Barclays Bank. 

Notable practitioners  

Georgi Spasov advises on structured and leveraged finance, securitisations and capital markets matters. Clients say he has "a good understanding of clients' needs and is creative in resolving issues." He also assists with loan agreements and insolvency mandates.

Vassil Hadjov is highlighted for his knowledge of both Bulgarian and US law, with clients saying it is a "major advantage to have a lawyer engaged in both systems." Hadjov acted for NatWest on a multi-layered secured financing for Bulgarian and UK-based companies. He is highly regarded in the fields of securitisation and structured finance.

Nadia Hadjova assists clients with bank loans and secured lending matters. She has a strong financing and regulatory practice. She represents clients in transactions in the securities market. Hadjova assisted KBC Bank with a EUR70 million term loan secured financing.

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Band 1

第一等

From the Chambers Europe guide

Basic facts about the department
- Head of department: Nikolay Bebov
- 2 partners
- 4 other qualified lawyers

What the team is known for Excellent reputation for debt and equity capital markets expertise, advising on sovereign bonds, IPO structuring and tender offers. Assists insurance companies with insurance regulation. Has a strong practice advising borrowers and lenders on securities, derivatives and structured products. Represents clients in financial litigation. Advises investment firms, issuers and underwriters.

Strengths Clients recommend the team for "international finance work" and highlight "their professional approach and high quality."

Commentators say that the lawyers are "good at explaining the specific aspects of Bulgarian law and the practicalities of it." 

Work highlights Advised the Bulgarian Ministry of Finance on the EU regulations on creating a fund of funds structure.

Acted for Insurance Joint-Stock Company Sogelife Bulgaria on preparations for Solvency II implementation.

Significant clients Raiffeisen Capital Management, Balkan Advisory Company.

Notable practitioners  

Nikolay Bebov is highlighted for his work in the area of capital markets. Interviewees describe him as "pragmatic and practical." He has an excellent reputation for capital markets and banking law. He is also admitted to the New York Bar. Bebov assisted Ferratum Bulgaria with the development of consumer finance products, including drafting loan agreements.

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Band 2

第二等

From the Chambers Europe guide

Basic facts about the department
- 3 partners
- 5 other qualified lawyers

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. Advises 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.

Strengths Interviewees say: "Their response to our queries is always prompt and the advice is market-oriented and tailored to the circumstances."

Another source comments: "We like the common sense dialogue and their understanding of business needs."

Value for money Clients report: "Their work is of high quality and the rates are very competitive."

Work highlights Assisted a Swiss bank with a EUR12.5 million loan extended to a Bulgarian-listed company.

Advised DSK Asset Management on a merger of UCITS managed by DSK.

Significant clients Central Cooperative Bank, Axion Swiss Bank, Coactorii Finance, Reserve Capital, TNK Asset Management.

Notable practitioners  

Commentators describe Iordan Tchompalov as "very patient, calm under fire and super responsive." Tchompalov provided post-closing advice to Bulgarian Telecommunications on indenture covenants following the issue of EUR400 million senior secured notes. He has a superb reputation for advising on takeover bids, securities offerings and cross-border financing matters.

Katya Todorova assisted UniCredit Bulbank with the restructuring of EUR9 million convertible bonds issued by Invest Capital. Sources are "satisfied with her prompt reply to every question and the clear and exact advice we receive." Todorova advises REITs, mutual funds and investment firms on securities offerings and tender offers.

Dimitar Dimitrov is described by clients as a "very analytical person, who provides creative and practically oriented advice." He has a strong capital markets practice, as well as advising on takeover bids and financial instruments. Dimitrov acted for Bulgarian Telecommunications on drafting pledge documents and receivables agreements.

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Band 2

第二等

From the Chambers Europe guide

Basic facts about the department
- Head of department: Yavor Kambourov
- 4 partners
- 1 other qualified lawyer

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.

Strengths Sources are impressed by the firm's "hands-on approach, the high analytical capabilities of the lawyers, the clear strategy and the ability to deliver quality work to tight deadlines."

Interviewees also appreciate that the lawyers are "business-oriented and able to get the highest benefit for clients from even the most challenging cases." 

Work highlights Assisted the Bulgarian Development Bank with claiming receivables from the insolvent Corporate Commercial Bank.

Advised BNY Mellon Corporate Trustee Services on claiming receivables from Corporate Commercial Bank.

Significant clients ADM Capital, World Bank, UniCredit Bulbank, Patstroi, Société Générale.

Notable practitioners  

Vladimir Rangeloff advises clients on cross-border M&A transactions, private equity investments, restructurings and due diligence. Rangeloff also assists with bond placements, enforcements and public takeovers. He represented LDC in acquisition financing that included new bank facilities of GBP60.5 million.

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Band 2

第二等

From the Chambers Europe guide

Basic facts about the department
- Heads of department: Vladimir Penkov and Ivan Markov
- 3 partners
- 4 other qualified lawyers

What the team is known for Acts for domestic and foreign banks, and other financial institutions. Advises on the creation of asset management companies. Assists investment companies with regulatory matters. Has a strong focus on online consumer loans. Active in the field of capital markets, with experience in private equity, M&A and restructuring and insolvency matters. 

Strengths Clients describe the firm as "knowledgeable, responsive, straightforward. in its answers, efficient and effective."

Market observers also say that the firm is "not legalistic, has a strong client orientation and understands commercial needs."

Work highlights Advised Balkan Star Retail on financing through three consecutive bank credit lines worth BGN15 million.

Acted for Vienna Real Estate on the structuring and issuing of two bond issuances worth a total of EUR19 million.

Significant clients PAC Doverie, Bulstrad Life, Innimmo Investments, HYPO NOE Gruppe Bank, Alpha Bank.

Notable practitioners  

Clients describe Ivan Markov as "very intelligent, experienced, polite and professional." He has a particular focus on investment financing and is well thought of for acquisitions within the financial services industry. Markov assisted Credit Suisse with restructuring receivables through restructuring securities.

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Band 2

第二等

From the Chambers Europe guide

Basic facts about the department
- Head of department: Ilko Stoyanov
- 1 partner
- 3 other qualified lawyers

What the team is known for Frequently advises on acquisition finance, securities enforcement and the sale of non-performing loans. Assists clients from the energy market with project refinancing. Has several clients from the banking sector, including new clients Commerzbank and Nova Ljubljanska Banka. Also handles derivatives regulations, debt restructuring and cross-currency swaps.

Strengths Clients report that the lawyers are "very engaged and knowledgeable." 

Work highlights Acted for Commerzbank on the sale of various products, including OTC derivatives into Bulgaria.

Advised Deutsche Bank on an interest rate swap, as well as a loan agreement and a loan security agreement.

Significant clients UniCredit Bulbank, Citibank Europe, HETA Asset Resolution, Dexia Kommunalkredit Bank, Raiffeisen Bank International.

Notable practitioners  

Sources see Tsvetan Krumov as Schoenherr's "rising star." He advised the International Swaps & Derivatives Association on the implementation in Bulgaria of the EU Bank Recovery and Resolution Directive. Krumov assists clients with credit facilities, securities structuring and insolvency mandates.

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Band 2

第二等

From the Chambers Europe guide

Basic facts about the department
- Head of department: Katerina Kraeva
- 3 partners
- 6 other qualified lawyers

What the team is known for Represents a number of international banks, including new clients Barclays Bank and Merrill Lynch, in financial services regulation. 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.

Strengths Interviewees believe that the firm "commits to a higher-level client care and delivers on promises in a timely manner."

Clients mention "the speed and efficiency with which the lawyers answer our legal questions and protect our interests." 

Work highlights Acted for Arco Capital on the structuring and refinancing of Business Park Sofia by UniCredit.

Assisted Bain Capital with restructuring Ideal Standard through an exchange of notes, as well as advising on a senior revolving credit facility.

Significant clients Raiffeisen Bank, Sensata Technologies, BNP Paribas, Deutsche Bank, HSBC.

Notable practitioners  

Katerina Kraeva assists borrowers and lenders with acquisition finance, real estate finance, project finance and restructuring. Kraeva also advises on aircraft finance, Islamic finance and mezzanine finance. Clients say she is "meticulous about details and takes care of things right up to the final moment." She acted for a group of lenders on the recapitalisation of two Bulgarian companies.

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Band 3

第三等

From the Chambers Europe guide

Basic facts about the department
- Head of department: Diana Valkova
- 2 partners
- 5 other qualified lawyers

What the team is known for Assists clients from the financial services sector with regulatory compliance. Clients include consumer credit corporations and major energy companies. Advises on debt restructuring and private equity transactions. In addition acts for clients on inward investment mandates and syndicated project financing.

Strengths Clients say the lawyers are "very attentive, with quick response times" and that "you feel that your lawyer wants the best for your company." 

Work highlights Assisted Beta Property with credit facility agreement structuring.

Acted for AP Retail I on the EUR80 million refinancing of a shopping centre project.

Significant clients 3M, Economou Shipping, Marks & Spencer, Monsanto, Assos Capital Bulgaria.

Notable practitioners  

Iliya Grozdanov is a key contact for clients.

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Band 3

第三等

From the Chambers Europe guide

Basic facts about the department
- Head of department: Svilen Issaev
- 1 partner
- 5 other qualified lawyers

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.

Strengths Market sources say: "The team is highly reliable, deeply knowledgeable and offers impeccable service."

Clients also appreciate the firm's network, saying that they "are able to transfer valuable know-how across their offices quickly and seamlessly." 

Work highlights Represented HYPO NOE Gruppe Bank in providing a EUR10 million secured facility.

Acted for Nomura International on the creation of a EUR30 million Euro commercial paper programme.

Significant clients APS Holding, MasterCard, Cineworld Group, Aliphos Group, Unify.

Notable practitioners  

Svilen Issaev is described by clients as "very thorough and to the point, with great attention to detail." Issaev advises on acquisition finance, project finance, real estate finance and aircraft finance. He also handles debt restructuring and insolvency proceedings. He assisted the Bulgarian Real Estate Fund with an investment loan agreement with Eurobank Bulgaria.

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Band 3

第三等

From the Chambers Europe guide

Basic facts about the department
- Heads of department: Zhulieta Mandazhieva and Ivana Bliznakova
- 3 partners
- 4 other qualified lawyers 

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 advises on project finance and corporate mandates, such as share sale transactions.

Strengths Interviewees are impressed by the firm's proactivity, saying: "The team tells us all of the events that concern us and propose actions. That is their most important quality." 

Work highlights Advised a client from the IT sector on the implementation of a share incentive scheme.

Acted for a licensed payment institution on the regulatory aspects of the sale of the business in Bulgaria.

Significant clients Euromoney Transfer, Agriplam, Accedia, Vitale Moda, Ug Market.

Notable practitioners  

Zhulieta Mandazhieva has a strong focus on capital markets transactions. She advised a client from the IT sector on the structuring and implementation of a share incentives scheme for the employees. Mandazhieva acted for Tishman International on the sale of an investment in Sofia Airport Center to Revetas Capital. 

Ivana Bliznakova represents clients in capital markets transactions, project finance and licensing procedures. She assisted with the restructuring of a fashion retail company and its sale through a credit financing. Bliznakova advised Sky Asset Management on its Bulgarian activities. 

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  • Other Noted Practitioners

    Anna Saeva

    (Anna Saeva - Attorney-at-law)

Eminent Practitioner

Kalaidjiev & Georgiev

From the Chambers Europe guide

Angel Kalaidjiev of Kalaidjiev & Georgiev is well regarded by sources, and described as someone "banks can turn to for complex advice." He advises clients from the banking sector on M&A. Kalaidjiev also assists clients with foreign investments and securities mandates.

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Eminent Practitioner

Deloitte Legal

From the Chambers Europe guide

Reneta Petkova of Deloitte Legal is "considered one of the best experts in the banking world." She has considerable experience in advising on financial litigation and bankruptcy matters.

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Eminent Practitioner

Spasov & Bratanov Lawyers' Partnership

From the Chambers Europe guide

Georgi Spasov advises on structured and leveraged finance, securitisations and capital markets matters. Clients say he has "a good understanding of clients' needs and is creative in resolving issues." He also assists with loan agreements and insolvency mandates.

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Band 1

Tsvetkova Bebov Komarevski, Attorneys-at-Law

From the Chambers Europe guide

Nikolay Bebov is highlighted for his work in the area of capital markets. Interviewees describe him as "pragmatic and practical." He has an excellent reputation for capital markets and banking law. He is also admitted to the New York Bar. Bebov assisted Ferratum Bulgaria with the development of consumer finance products, including drafting loan agreements.

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Band 1

Spasov & Bratanov Lawyers' Partnership

From the Chambers Europe guide

Vassil Hadjov is highlighted for his knowledge of both Bulgarian and US law, with clients saying it is a "major advantage to have a lawyer engaged in both systems." Hadjov acted for NatWest on a multi-layered secured financing for Bulgarian and UK-based companies. He is highly regarded in the fields of securitisation and structured finance.

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Band 1

Boyanov & Co.

From the Chambers Europe guide

Svetlina Kortenska is described by clients as "very responsive and knowledgeable." Kortenska is a market leader in the fields of payment services and EU funds regulation. She also advises clients on banking regulations and capital markets transactions. She frequently assists with acquisitions within the banking sector.

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Band 1

Penkov, Markov & Partners

From the Chambers Europe guide

Clients describe Ivan Markov as "very intelligent, experienced, polite and professional." He has a particular focus on investment financing and is well thought of for acquisitions within the financial services industry. Markov assisted Credit Suisse with restructuring receivables through restructuring securities.

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Band 1

Boyanov & Co.

From the Chambers Europe guide

Interviewees say that Damian Simeonov is "one of the best I have had the pleasure of working with." He is a leading figure for regulatory advice and often assists banks with non-performing loans. He also has a strong reputation for alternative investment funds and bond issues. Simeonov acted for Capita Asset Services on the restructuring and refinancing of a non-performing loan.

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Band 1

DTT

From the Chambers Europe guide

Commentators describe Iordan Tchompalov as "very patient, calm under fire and super responsive." Tchompalov provided post-closing advice to Bulgarian Telecommunications on indenture covenants following the issue of EUR400 million senior secured notes. He has a superb reputation for advising on takeover bids, securities offerings and cross-border financing matters.

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Band 2

Spasov & Bratanov Lawyers' Partnership

From the Chambers Europe guide

Nadia Hadjova assists clients with bank loans and secured lending matters. She has a strong financing and regulatory practice. She represents clients in transactions in the securities market. Hadjova assisted KBC Bank with a EUR70 million term loan secured financing.

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Band 2

Wolf Theiss

From the Chambers Europe guide

Katerina Kraeva assists borrowers and lenders with acquisition finance, real estate finance, project finance and restructuring. Kraeva also advises on aircraft finance, Islamic finance and mezzanine finance. Clients say she is "meticulous about details and takes care of things right up to the final moment." She acted for a group of lenders on the recapitalisation of two Bulgarian companies.

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Band 2

Djingov, Gouginski, Kyutchukov & Velichkov

From the Chambers Europe guide

Georgi Tzvetkov has a strong reputation for advising banks and corporations on structured finance and project finance. He is highly thought of for his work on LBOs and acquisition financing mandates. Clients say he is "so clear, so flexible, so quick, he is excellent." Tzvetkov advised OTP Bank and DSK Bank on a EUR24.5 million project financing loan to City Hospital.

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Band 3

CMS

From the Chambers Europe guide

Clients report that Elitsa Ivanova "was able to get back to us quickly, and addressed our concerns in a clear and logical manner." Ivanova acts for financial institutions on a range of cross-border mandates, including capital markets and private equity matters. She advises on syndicated finance and banking regulations. In addition, Ivanova is qualified to practise in England.

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Band 3

Tocheva & Mandazhieva

From the Chambers Europe guide

Zhulieta Mandazhieva has a strong focus on capital markets transactions. She advised a client from the IT sector on the structuring and implementation of a share incentives scheme for the employees. Mandazhieva acted for Tishman International on the sale of an investment in Sofia Airport Center to Revetas Capital. 

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Band 3

Kambourov & Partners

From the Chambers Europe guide

Vladimir Rangeloff advises clients on cross-border M&A transactions, private equity investments, restructurings and due diligence. Rangeloff also assists with bond placements, enforcements and public takeovers. He represented LDC in acquisition financing that included new bank facilities of GBP60.5 million.

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Band 3

DTT

From the Chambers Europe guide

Katya Todorova assisted UniCredit Bulbank with the restructuring of EUR9 million convertible bonds issued by Invest Capital. Sources are "satisfied with her prompt reply to every question and the clear and exact advice we receive." Todorova advises REITs, mutual funds and investment firms on securities offerings and tender offers.

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Band 4

Tocheva & Mandazhieva

From the Chambers Europe guide

Ivana Bliznakova represents clients in capital markets transactions, project finance and licensing procedures. She assisted with the restructuring of a fashion retail company and its sale through a credit financing. Bliznakova advised Sky Asset Management on its Bulgarian activities. 

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Band 4

DTT

From the Chambers Europe guide

Dimitar Dimitrov is described by clients as a "very analytical person, who provides creative and practically oriented advice." He has a strong capital markets practice, as well as advising on takeover bids and financial instruments. Dimitrov acted for Bulgarian Telecommunications on drafting pledge documents and receivables agreements.

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Band 4

Djingov, Gouginski, Kyutchukov & Velichkov

From the Chambers Europe guide

Clients say that Nikolai Gouginski "is very thorough, handles tense legal situations with patience and brings strong local legal know-how to the team." Gouginski assists with project finance and international lending. He advised the International Investment Bank and Bulgarian Development Bank on a EUR10 million term loan facility and EUR5 million revolving facility.

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Band 4

CMS

From the Chambers Europe guide

Gentscho Pavlov advises financial institutions and borrowers on real estate securities, financial restructuring and acquisition finance. Clients say he is "always available, very engaged, he takes you seriously and is very solution-driven." Pavlov represented UniCredit in the restructuring of a real estate financing.

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Associates to watch

Kinstellar

From the Chambers Europe guide

Svilen Issaev is described by clients as "very thorough and to the point, with great attention to detail." Issaev advises on acquisition finance, project finance, real estate finance and aircraft finance. He also handles debt restructuring and insolvency proceedings. He assisted the Bulgarian Real Estate Fund with an investment loan agreement with Eurobank Bulgaria.

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Associates to watch

Schoenherr (in cooperation with Stoyanov & Tsekova)

From the Chambers Europe guide

Sources see Tsvetan Krumov as Schoenherr's "rising star." He advised the International Swaps & Derivatives Association on the implementation in Bulgaria of the EU Bank Recovery and Resolution Directive. Krumov assists clients with credit facilities, securities structuring and insolvency mandates.

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Associates to watch

Boyanov & Co.

From the Chambers Europe guide

Clients say that Ralitsa Nedkova is "very detail-oriented, commercially minded and able to proactively point out the pros and cons." She assists clients with bank loans and securities matters.

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