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'
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

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.

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

Corporate / M&A:
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. The firm advises global corporations, strategic investors, private equity funds, venture capital funds and financial institutions. Recently DGKV advised:
■Acibadem on the acquisition of Tokuda Hospital and the major stake of City Hospitals and Clinics
■Progress Software on the acquisition of Telerik AD, one of the largest deals on the Bulgarian IT M&A market with a deal value of USD 263.5M
■Cineworld on the Bulgarian legal aspects of the acquisition by way of a merger of CinemaCity, approx. value - GBP 503 M Other key clients: Bunge, Cineworld, Call Point, Dell, New Europe,ExlService, Marie Brizard Wine and Spirits, AmRest, Sanoma,Abbott Laboratories, Teletech Holdings, Rail Cargo Austria, Lukoil Europe, Provident, etc.

Banking & Finance:
DGKV consulted:
■IFC, AIG, CAIB, MKB and State General Reserve Fund of Oman for the acquisition of shares in major Bulgarian banks ■Nomura, Societe Generale and KBC on the acquisitions of Bulgaria’s three largest banks
■UBS, JPMorgan, Royal Bank of Scotland, Barclays Bank, etc. on various regulatory matters
■BNP Paribas on the first Euro Bond issue for Sofia; on the only three reported and rated securitisations involving assets originated in Bulgaria
Other key clients: World Bank, EBRD, JBIC, BSTDB, KfW, Deutsche Bank, EIB, Dexia, Komunalcredit, Procredit Bank, OTP and DSK Bank, Merill Lynch, GTC Group

Energy & Utilities:
DGKV provides full scope legal assistance to clients interested in investing or otherwise engaged in the energy sector in Bulgaria. It advises:
■CEZ and ContourGlobal Maritsa East III regularly on their local operations
■OMV Trading and Vitol on energy trading matters
■China Development Bank, Chinese Investment Corporation, China Export & Credit Insurance Corporation (SINOSURE),Credit Suisse, Gamesa Energy, Gazprom Marketing & Trading, Mitsui&Co, TAQA, Raiffeisen, Statkraft, Toshiba, Verbund in numerous renewable energy projects
Other key clients: ABB, AES, EBRD, the Bulgarian Government, Citibank and US Exim Bank, Chevron, Czech Export Bank, RWE Power, GE Power & Water, Lukoil, J.P. Morgan, Marubeni Europower

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:
■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
■The acquisition, restructuring and development of nationwide petrol station networks for NIS Petrol (a Gazprom subsidiary) and OMV
■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. Representation of
■Google Inc. and two of its subsidiaries in investigation of alleged unfair competition practices
■Progress Software on the acquisition of Telerik AD
■Deutsche Telekom AG on the potential acquisition of the Bulgaria’s second largest mobile operator
■Other key clients: leading European automotive producer in relation to connected drive services, leading global mapping services provider Swisscom, VOXBONE, Sanoma, Hewlett- Packard, Telecom Italia, etc.

Litigation & Arbitration:
With an outstanding dispute resolution track record DGKV’s litigation team is one of the best in Bulgaria. The firm’s litigation practice group represents cli-ents in relation to claims arising in the commercial, construction, financial, or administrative fields. Some of the firm’s recent significant transactions:
■Representing CEZ Electro Bulgaria AD in a commercial dispute with Natsionalna Elektricheska Kompania related to receivables from purchase of renewable energy, value BGN 65 M
■Acting for Ciments Francais in proceedings for recognition and enforcement of arbitral award with a value of over EUR 50 M
Other key clients: PUNTO FA SL (manufacturer of Mango), SE Bordnetze, Inekon Group a.s., CDM, Daikin, Carlsberg BulgariaAD, Depfa Bank, etc

Intellectual Property:
DGKV advises clients from various industries on IP matters: Carlsberg Bulgaria, Deutsche Telekom AG, Facebook Inc., TEVA, Bunge, Instagram, Warner Bros., Pierre Fabre S.A., OTTO, Global Spirits & Wine, Inc., (owner of the Maker’s Mark, Teacher’s, Jim Beam, Courvoisier), Oracle America 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, Bloomberg, Cineworld, Dow, Jones Newswires, J.P. Morgan Europe, Lukoil, Michelin, MoneyGram Payment Systems, etc


  • 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]