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Global Guide
Firm Profile

Djingov, Gouginski, Kyutchukov & Velichkov

Firm Profile


  • Profile
  • 10 Tsar Osvoboditel Boulevard
  • Sofia
  • Sofia City
  • Bulgaria
  • 1000

Firm profile submitted by Djingov, Gouginski, Kyutchukov & Velichkov

Managing Partner: Assen A Djingov
Senior partners: 15
Number of other lawyers worldwide: 51
Languages:Bulgarian, English, French, German, Russian

DGKV is one of the largest, oldest, most prominent independent business law firms in Bulgaria, known for its solid record of pioneer projects on the Bulgarian market. Its ever growing portfolio of over 3000 major multinational clients is a fair attestation of its legal services’ high quality. It maintains excellent working relationships with all leading international law firms.

Practice Areas:Corporate/M&A Banking & Finance Energy & Utilities Competition Real Estate & Construction TMT Litigation & Arbitration Intellectual Property Labour & Social Security Taxation

The team has a superb reputation for advising on the largest M&A transactions in Bulgaria and significant global transactions in relation to their Bulgarian law aspects. Recently DGKV advised:
■ British American Tobacco on the EUR 100m acquisition Bulgartabac’s main range of tobacco brands in the country and its retail business.
■ NEPI Rockcastle plc on the EUR 252.9m acquisition of Paradise Centre shopping centre in Sofia
■ China CEFC Energy Company Limited on the Bulgarian aspects of the global acqusition of Rompetrol, operating gas stations in Europe, from KMG International N.V

Other Key Clients:
Allergan, Amdocs, Axxess Capital, Cinworld, ContourGlobal, Equinix, Fairfax Financial Holdings, GTC, Mitsui & Co.., Tymbark Maspex Romania, Call Point, Dell, Teletech Holdings, Rail Cargo Austria, Lukoil Europe, etc

Banking & Finance:
DGKV consulted
■ Citigroup Global Markets, HSBC Bank, Societe Generale and UniCredit Bank in their capiacity as arrangers and dealers under a EUR 8,000,000,000 global medium-term note program of the Republic of Bulgaria. That is the first bond program established by Bulgaria
■ Banca IMI- London Branch, Bank of China- Luxembourg Branch and J.P. Morgan Limited on EUR 550m euro bonds issued by Bulgarian Energy Holding
■ Banca IMI- London Branch, Bank of China- Luxembourg Branch and J.P. Morgan Limited in relation to a bridge loan of EUR 535million to the Bulgarian Energy Holding
■ HSBC Bank, Societe Generale, Citibank and UniCredit Bulbank in their capacity as lenders under a EUR 1.500,000.000 bridge to bond facility extended to the Bulgarian government
■ Export- Import Bank of China in relation to USD 102million shipping financing extended to certain subsidiaries of Navigation Maritime Bulgare AD
■ VISA, MasterCard, UBS, JPMorgan, Barclays Bank,etc on various regulatory matters

Other Key Clients: World Bank, EBRD, JBIC, BSTDB, Deutsche Bank, EIB, Dexia, Komunalcredit, Procredit Bank, OTP and DSK Bank, Merill Lynch

Energy & Utilities:
■ OMV Trading and Vitol on energy trading matters
■ Local legal counsel to a major energy producer in relation to the refinancing of an existing facility agreement and the related security arrangements expected to be worth over Euro 300 million.

Other key clients: ABB, AES, China Development Bank, Chinese Investment Corporation, China Export & Credit Insurance Corporation (SINOSURE), Chevron, Gamesa Energy, Gazprom Marketing & Trading, Mitsui&Co, Verbund, CountourGlobal, Lukoil, J,P Morgan, Marubeni Europower, etc.

With a strong competition practice, DGKV has made a significant contribution to the development of the law and practice of the Bulgarian Commission for Protection of Competition (“CPC”). DGKV is advising/ advised:
■ Aurubis Bulgaria AD in proceedings before the CPC with respect to a pending investigation on horizontal price coordination and abuse of dominant position on the market of sulphuric acid supply
■ Metro Cash and Carry Bulgaria, Nokia, KBC Bank and Insurance Holding, in relation to antitrust investigations by the CPC and/or other antitrust compliance matters
■ CEZ before the Supreme Administrative Court on dominant position abuse proceedings

Other Key Clients:
Abbott Laboratories, OMV, Visa Europe,Coca Cola Bulgaria, Cisco Systems, Bunge, HP, MasterCard Europe Karsan Otomotiv, Devnya Cement, etc

Real Estate & Construction:
DGKV enjoys stellar reputation on the real estate market in Bulgaria and is renowned for its expertise in handling large-scale, complicated investment projects. It advised:
■ NEPI Rockcastle plc on the EUR 252.9m acquistion of Paradise Centre shopping centre in Sofia. This is the highest price paid for a real estate in Bulgaria!
■ Latecoere Group on the opening of a production plant in Trakia Economic Zone
■ The acquisitions of TZUM, Sofia’s largest trade and office centre, and of Sofia Radisson Blu and Sofia Hilton, both Sofia landmark hotels
■ A number of operating mall acquisitions
■ Land acquisition and construction and/ or acquisition of residential, office, retail and mixed-use developments, for clients, such as Multi Development B.V., Orchid, Corio B.V., Arcapita Limited, State General Reserve Fund of Oman, GTC, Deutsche Bank’s RREEF
■ Large scale commercial real estate financings such as OTP Bank, IFC, Bank Hapoalim, Piraeus Bank, etc

DGKV offers 'one stop shop' for the technology companies with operations in Bulgaria regarding all legal issues.
■ Google on a regular basis
■ Facebook and Instagram on IP matters on ongoing basis
■ Universal 1440 Enertainment LLC on Actor/Stunt Agreements
■ Progress Software on the acquisition of Telerik

Other Key Clients:
Tata Communications, Swisscom, VOXBONE, Sanoma, HP, Telecom Italia, etc.

Litigation & Arbitration:
With an outstanding dispute resolution track record DGKV’s litigation team is one of the best in Bulgaria. Some of the firm’s recent significant transactions:
■ CEZ Electro Bulgaria in a BGN 65m commercial dispute with Natsionalna Elektricheska Kompania
■ Ciments Francais in proceedings for recognition and enforcement of arbitral award with a value of over EUR 50 M
■ Entrusted by the Bulgarian financial market regulator Financial Supervision Commission to represent it in a total of 19 proceedings before the Supreme Administrative Court.
■ Glorient Investment BG Ltd. in 27 high value landmark cases against the local retail giant Technomarket Bulgaria with significant national political and economic impact.

Other Key Clients: PUNTO FA SL (manufacturer of Mango), SE Bordnetze, Inekon Group a.s., CDM, Daikin, Carlsberg Bulgaria, Depfa Bank, etc Intellectual Property: DGKV advises clients from various industries on IP matters: Carlsberg Bulgaria, GUESS?, HARIBO, Deutsche Telekom, Facebook, Instagram, Warner Bros., Pierre Fabre S.A., OTTO, Global Spirits & Wine, Inc.,Paramount Pictures International Ltd., RED BULL GmbH, Tchibo, etc.

Labour & Social Security:
DGKV advises major labor and social security clients: Sanbolic, Abbott, AES, Actavis, Accor, Merck, BNP Paribas, CEZ, Carlsberg, Dell Europe, General Electric, Marks & Spencer Group, Babcock Networks, Palfinger, PepsiCo, SITEL, SKF, Temenos, etc

DGKV advises on a variety of tax issues Abbott Laboratories, Siemens, Merck, AES, Barclays Bank PLC, CEZ, Petro Singapore Trading.


  • 10 Tsar Osvoboditel Boulevard,
  • Sofia,
  • Sofia City
  • Bulgaria
  • 1000
  • Tel +359 2 932 1100
  • Fax +359 2 980 3586
  • Email : [email protected]
  • Website :
  • Schlegelstrasse 29,
  • Berlin,
  • Germany
  • 10115
  • Tel +49 (30) 2758 1561
  • Fax +49 (30) 2758 1562
  • Email : [email protected]