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Global 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

Established in 1991, Georgiev, Todorov & Co. is one of the first Bulgarian law firms. The firm provides corporate law services with a particular emphasis on the financial sector, M&A and concessions, energy law, venture capital and secured lending for both large domestic clients and a range of foreign investors. GT&Co. is a trusted local partner of international investors and entrepreneurs. One of firm’s main advantages is the outstanding combination of deep knowledge of the substantive law and regulation, and high expertise in judicial and arbitration representation and practice, which enables the firm to provide specifically tailored legal services and to avoid any potential problems and risks for its clients. GT&Co. has a powerful network of domestic and international contacts and its experienced lawyers have specialised in the field of European and comparative business law, commercial arbitration, capital markets law, commercial bankruptcy. All of the lawyers who work in the firm are excellent experts in the field of their practice.

Dispute Resolution:

Georgiev, Todorov & Co. is the leading Bulgarian law firm in dispute resolution. For more than 25 years the firm has had notable success in the Bulgarian legal market. Over the years they have been involved in a number of complex international projects in the field of energy law, telecommunications, and banking as well as in the largest privatisation transactions in Bulgaria. Georgiev, Todorov & Co. has extensive expertise in administrative, corporate and commercial litigation, financial issues, insurance, insolvency, regulatory matters, etc. The firm’s strengths are in understanding the business needs of clients and providing them with the best legal advice in order to protect their interests and business decisions. The head of the dispute resolution department is the highly valued lawyer Mr. Alexander Katzarsky, Senior partner, who is an arbitrator at the Arbitration court at the Bulgarian Chamber of Commerce and Industry (the oldest arbitration institution in Bulgaria) since 1994 and Vice President of the Arbitration court since 2009 with experience both as an arbitrator and party’s counsel in ICC arbitrations. He is also a member - arbitrator under the Washington Convention at the International Centre for Settlement of Investment Disputes designated by the Government of the Republic of Bulgaria.

Georgiev, Todorov & Co. covers all aspects of the telecommunication industry as well as broadcasting, media and technology. The firm’s expert lawyers provide legal advice on acquisition and project finance, capital markets, mergers and acquisitions related to the telecommunication industry. The law firm has participated in the major telecommunication deals in the history of the Republic of Bulgaria. Its clients are companies with significant importance for the telecommunication business sector such as operators, service providers, technology providers and many others. Georgiev, Todorov & Co. is the legal adviser of the major key player on the Bulgarian telecommunication market – the Bulgarian Telecommunication Company. The head of the TMT team is the highly experienced lawyer Mr. Alexander Pachamanov, Senior partner, who has an in-depth knowledge as well as an excellent reputation in the field of telecommunication regulations, valued by clients for his strong litigation skills.

Georgiev, Todorov & Co. has extensive experience in the field of energy law serving both Bulgarian and international clients regarding legal issues in the energy sector. Energy-related legal consultancy and litigation is amongst the firm’s main area of business and their team is consistently and independently recognised for its work. Georgiev, Todorov & Co. has successfully consulted major energy infrastructure and development projects with a strategical significance for the Bulgarian energy sector. Over the years the firm consulted Mitsui & Co. and Toshiba regarding the rehabilitation of the of the Thermal Power Plant Maritsa Iztok 2, ENEL regarding the rehabilitation of the Thermal Power Palnt Maritsa Iztok three and the privatisation of Thermal Power Plant Bobov Dol. Recently, the firm successfully advised the Bulgarian Stock Exchange regarding the deal for acquisition of all shares in the capital of Bulgarian Independent Energy Exchange from the Bulgarian Energy Holding. The firm has been appointed as the local legal advisor of Atomstroy Export JSC against the state-owned Bulgarian National Electricity Company in the major arbitration case ‘Belene’ nuclear power plant whereas the award was rendered in favour of their client. Georgiev, Todorov & Co. provides legal consultancy and representation both in regulatory and court proceedings to electricity, renewable and cogeneration producers, to gas and oil refineries and oil producers and to natural recourse companies. The team’s in-depth knowledge of the energy regulatory framework and excellent dispute resolution practice makes Georgiev, Todorov & Co. a reliable and trusted partner highly valued by its clients.

The firm’s tax department has a strong expertise in the field. The tax team offers comprehensive planning and consulting service to various clients providing expert tax advice in the areas of corporate finance, banking, financial services and real estate. The team is well known for its strength in excellent tax litigation, protecting the clients’ interests and successfully representing them before the Bulgarian tax authorities.

Real Estate:
The department has been involved in lots of major real estate projects on the Bulgarian market. Significant key companies such as AG Capital and the companies from its group, National Association of Property Developers, BMF Port Bourgas, Advance Properties rely on their high professional legal advice. The team provides full scope of legal services including contract drafting (sale and purchase agreements, construction agreements, contracts for establishing real rights), due diligence (complex analysis of real rights, ownership, territorial status of properties, planning of territory), representation before the institutions and dispute resolution for administrative and judicial matters on a daily bases for a group of construction companies and real estate entrepreneur.

Banking & Finance:
The firm provides banking advice in relation to transactional and strategic advisory work. The team advises a wide range of borrowers, lenders, issuers, underwriters and other advisers in relation with debt finance and in respect with capital markets activity. The team’s lawyers 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.

EU / Competition:
GT&Co. is recognised as a leading law firm in the competition law area in Bulgaria. With its extensive knowledge and experience, the GT&Co team can advices various businesses - no matter the industry, sector, and project and can respond to the sophisticated and diverse needs of all clients. The firm’s expertise covers the whole spectrum of EU Competition issues: antitrust, State aid, public services and services of general economic interest, merger control, with a particular focus on antitrust and State aid compliance and litigation. As the competition landscape is constantly changing, driven not only by a complex legal framework, but also by political and economic considerations, the law firm has been involved in some of the major mergers and acquisitions and privatisations, following the regime change in Bulgaria.

Corporate & Commercial:
The law firm combines strategic thinking and technical excellence to ensure that client’s business is soundly and securely based. Georgiev, Todorov & Co. provides a unique combination of experience and resources, and a partnering approach that allows it to focus specifically on what their clients need. Besides providing legal advice, the law firm often fulfills the role of a business consultant as well, working as part of an in-house team to provide a first rate service.

Over the years Georgiev, Todorov & Co. has earned the trust of many reputable companies with significant importance on the Bulgarian market and worldwide. It provides legal consultancy as well as representation to notable key players such as: European Parliament and European Commission, Montupet, Bulgarian Telecommunication Company, Bulgarian National Bank, Bulgarian Maritime Fleet, Lukoil Bulgaria, Aurubis Bulgaria AD, Asarel Medet, Atomstroyexport, Urban Mobility Center, Sofia Municipality, Piraeus Bank Bulgaria, Bulgarian Bank for Development, Baltic In­ternational Bank, International Asset Bank, AG Capital, Ministry of Regional Development and Public Works, ADM Bulgaria, Maxam CE Bulgaria, Bulgarian Stock Exchange-Sofia, Roche Bulgaria, Central Depositary, Energoconsult, Log Siberia /local partner of Phillips/, GGE Bulgaria, Bulgarian-American Credit Bank, Amdocs, Sofia Airport, Bulgarian National Association of Building Contractors, Ruse Heating Plant, Burgas Heating Plant, Sofia Heating Plant, Sliven Heating Plant, Pernik Heating Plant, Vratsa Heating Plant, Pleven Heating Plant, Nurts Digital, Experian Bulgaria, Arton Capital, and many others.

International Work:
Georgiev, Todorov & Co. is a member of reputable and highly recognised global legal organisations such as LAW - Lawyers Associated Worldwide and Vogel Global Competition Network which provide the firm with an access to extensive information and professional network that gives the opportunity for advising foreign clients regarding legal issues in all aspects of law. As a trusted legal advisor, with a strong market understanding Georgiev, Todorov & Co. has been involved in a number of complex international projects.