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Europe Guide
Firm Profile

Georgiev, Todorov & Co

Firm Profile


  • Profile
  • 27 Parchevich Street
  • Sofia
  • Sofia City
  • Bulgaria
  • 1000

Firm profile submitted by Georgiev, Todorov & Co

Managing Partner: Ivan Todorov
Number of partners: 7 Number of other lawyers: 52
Languages: Armenian, Bulgarian, English, French, German, Greek, Italian, Russian, Spanish

Georgiev, Todorov & Co. was founded in 1991 as one of the first Bulgarian law firms. The firm has its own office building in the center of Sofia and further offices in major Bulgarian towns. The firm provides corporate law services with a particular emphasis on the financial sector, M&A, restructuring, insolvency, venture capital and secured lending for both large domestic clients and a range of foreign investors. GTC guarantees the high quality of the services provided through the implementation of internationally recognised certified systems of quality management: ISO 9001:2008; ISO/ IEC 27000:2013; ISO/IEC 20000-1:2011 All of the lawyers who work in the firm are excellent experts in the field of their practice. Alexander Katzarsky who is a senior partner in the firm, is also a member - arbitrator under the Washington Convention at the International Centre for Settlement of Investment Disputes appointed by the Government of the Republic of Bulgaria.

Dispute Resolution:

The firm has experience in administrative, corporate and commercial litigation, financial issues, insurance, insolvency, regulatory matters, etc. The firm advocates the use of alternative dispute resolution procedures depending on the relevant case. The firm has extensive experience in the conduct of arbitrations supervised by the major Bulgarian arbitral bodies as well as ad hoc arbitrations.
Clients: Bulgarian Telecommunication Company, Mercury, International Asset Bank, AGCapital, State Company “Construction and Renovation”, Lukoil Bulgaria, Toplofikacia Sofia JSC., Toplofikacia Pernik, Toplofikacia Sliven EAD, Aurubis Bulgaria AD, Asarel Medet, Montupet , Brikel EAD, Urban Mobility Center JSc., Sofia Municipality, Phillips Medical Systems Nederland BV, Bulstroy Engeneering, Pavas Ltd., Business Media Group AD, Sopharma Trading, Legrano Beauty Centre, European Parliament, Bulgarian Maritime Fleet, Minstroy Holding.

The firm offers comprehensive planning and consulting service to various clients providing specialist tax advice in the areas of corporate finance, banking, financial services and real estate. It is in a position to strongly and successfully argue in favour of the firm’s clients before the Bulgarian tax authorities in case there are differences in tax law interpretation. GTC’s lawyers are well known as the most successful in tax litigation.
Clients: Atomstroyexport ZAD, Russia, ADM Bulgaria Trading, Thermal Power Plant Bobov Dol, Thermal Power Plant Brikel, Chaos Software LTD, Burgas Heating Plant, Ruse Heating Plant, Pleven Heating Plant, Pernik Heating Plant, Sliven Heating Plant, Vraca Heating Plant, Mini Otkrit Vagledobiv EAD, Mina Chukurovo AD, Bulgarplod Sofia AD


Energy and utilities is one of the main areas of the firm and its team has consistently won independent recognition for its work on high profile complex projects. The team has an enviable track record in the gas, energy, infrastructure and industrial sectors. The firm has advised on many of the country’s largest energy, infrastructure and development projects. The firm has worked for about 10 years on complex international projects and on high-profile energy litigation and arbitrations and as a result, has developed considerable expertise.
Clients: Aurubis Bulgaria, Asarel medet, Petroceltic, ‘Toplofikatcia Pernik’ AD, ‘Toplofikatsia - Sliven’ EAD, ‘Toplofikatcia Burgas’ AD, ‘Toplofikatcia Vratsa’ EAD, ‘Toplofikatcia Ruse’ EAD, Toplofikatcia Pleven’ EAD, Toplofiokacia Sofia, ENEL, EVN Kavarna, ‘Grand Energy Distribution’ EOOD, Brikel EAD, ‘Toplofikatcia Gabrovo’ EAD, “TEC Bobov dol” EAD, Contour Global Operations

Banking & Finance:
The firm provides banking advice in relation to transactional and strategic advisory work. It advises a wide range of borrowers, lenders, issuers, underwriters and other advisers in connection with debt finance and in respect of capital markets activity. The firm’s personal approach enables them to add value to its clients through in-depth local market knowledge, its multi-disciplined expertise and seamless ability and capacity where appropriate, to implement and manage international teams on cross-border projects efficiently and effectively.
Clients: Piraeus Bank Bulgaria, DSK Bank, International Asset Bank, Bulgarian Bank for Development, Baltic International Bank, HVB Bank Biochim, Unicredit Bulbank AD, Benchmark, Expat Capital, Baltic International Bank, ‘First Investment Bank’ Jsc;


GTC covers all aspects of the telecommunications industry as well as broadcasting, media and technology. The lawyers provide advice on acquisition and project finance, capital markets, mergers and acquisitions as they relate to the telecommunications industry. The firm has participated in the major telecommunication deals in the history of the Republic of Bulgaria and their clients include operators, service providers, technology providers and many others.
Clients: Microsoft, Bulgarian Telecommunication Company, BTC NET EOOD, BalkanSat, Thales, Austria, Chaos Software Ltd.

PPP / Concessions:
GTC has experience in consulting both concession granting authorities and concessioners with regards to mining, energy, telecommunications, transport, defence & security, etc. The team may provide full scope service in the area of PPP and Concessions - from the early stage of tender participation and a consortium/JV structuring to tax optimisation and litigation (wherever applicable).
Clients: Velgraf Ltd., ‘Pöyry Infra’ GmbH, Erich Utsch AG

EU / Competition:
GTC offers unrivaled expertise in all aspects of EU and Bulgarian competition law. Advice covers both the big picture and the local detail. The law firm is at the cutting edge of the competition regime and is recognised as a leader in the competition practice. The firm provides consulting on EU and Bulgarian competition business strategy/ risk management, merger clearance, regulatory/ competition issues, state aids etc.

Real Estate:
GTC has a first-class real estate practice. Its qualified lawyers have the sophistication and expertise to deal with all demanding transactions on behalf of investors, developers, corporate occupiers and other players on the real estate arena. It undertakes a broad spectrum of work across all real estate asset classes including acquisitions and disposals, real estate financing, portfolio sales and securitisation, sale and lease back, development, tax mitigation solutions, etc.
Clients: AGCapital, European Parliament and European Commission, Bulgarian Land Development (BLD), Titan International, Bulgarian Maritime Fleet, Ministry of Agriculture and Food, BM Global Estates, Ministry of Regional Development and Public Works, Forton International, BLD 33 EOOD, VMV, Bigla 3, Sofia City Company, Mraz, Lira Trade, Royalty, Stroi Engeneering BC
Corporate & Commercial:
GTC combines strategic thinking and technical excellence to ensure that your business is soundly and securely based. The firm provides a unique combination of experience and resources, and a partnering approach that allows it to focus specifically on what their clients want. As well as providing the legal expertise, GTC often fulfill the role of a business consultant, working as part of an in-house team to provide a first rate service. The firm’s internationally focused experts, who also understand local markets, can provide you with the commercial advice you need, where you need it and when you need it. GTC has been involved in some of the major mergers and acquisitions and privatisations, following the regime change in Bulgaria.
Clients: Microsoft, ADM Bulgaria /former Alfred Toepfer/, Maxam CE Bulgaria, Bulgarian Stock Exchange-Sofia, Roche Bulgaria, Bulgarian Bank of Development, Central Depositary, Energoconsult, Log Siberia /local partner of Phillips/, Dinus Bulgaria, Urban Mobility Center Jsc., Solaris Bus and Coach S.A, Sofia Outlet Center, Maxam CE Bulgaria, Central Depositary, Erich Utsch AG, National Health Insurance Fund

Over the years “Georgiev, Todorov & Co.” has consulted a wide range of significant and reputable clients. A brief list includes: the European Parliament and European Commission, National de Paris, Bulgarian National Bank, Microsoft Corporation, ITT, Astra Zeneka, Ministry of Regional Development and Public Works, Ministry of Agriculture and Food, BlackPeak Capital, Aso Panema, Scorpio, Candy, Boni Holding, Melrose Resources LTD., UPS Plc., Rompharm Company LTD, Winslow Group JSC., Urban Mobility Center JSC., Roche Bulgaria, Mitsui & Co, Cisco Systems, Balfour Beatty Rail GmbH – Germany, Galchev Engineering, Balkantel, Log-Siberia, Max 2003, Sofia Municipality, Zeevi Holding, Israel and many others.

International Work:
GTC has been involved in a number of complex international projects in the field of energy law, telecommunications, banking as well as in the largest privatisation transactions in Bulgaria.
The firm provided legal assistance regarding the applicability of Bulgarian law to a foreign law firm, in their capacity as lawyers of an international client in an arbitration case. In 2016 the arbitral tribunal successfully awarded EUR 620 mln.
GTC Law Offices is the only Bulgarian member of the international organisation Lawyers Associated Worldwide (LAW). The firm is also a member of the international network Vogel Global Competition Network. That is why the firm has access to an extensive information network that provides an opportunity for contacts with leading local law firms.


  • 15 Patriarch Evtimii Street,
  • 1st floor,
  • Bourgas,
  • Burgas Province
  • Bulgaria
  • Tel +359 56 84 05 61
  • Fax +359 56 84 05 61
  • 53 Raijko Daskalov Street,
  • House 'Levski',
  • Floor 2,
  • Office 20,
  • Plovdiv,
  • Plovdiv Province
  • Bulgaria
  • Tel +359 32 62 71 17
  • Fax +359 32 62 71 17
  • 16, Tzarkovna Nezavisimost Street,
  • Rousse,
  • Rousse Province
  • Bulgaria
  • Tel +359 82 27 4081
  • Fax +359 82 22 4043
  • 56, Kniaz Boris Street,
  • Stara Zagora,
  • Bulgaria
  • 6000
  • Tel +359 42 62 01 52
  • 13, Georgi Benkovski Street,
  • Floor 2,
  • Varna,
  • Varna Province
  • Bulgaria
  • Tel +359 52 23 50 82
  • Fax +359 52 23 40 06
  • PO Box 36,
  • Veliko Turnovo,
  • Veliko Tarnovo Province
  • Bulgaria
  • 5000
  • Tel +359 62 20135
  • Fax +359 62 20472