Banking, finance and capital markets in Bulgaria

Boyanov & Co.

Boyanov & Co. maintains a strong position in the market for banking and finance, with a notable emphasis on transactions in the financial sector but additional expertise in regulatory advice, fintech and cryptocurrency. The team offers other key services including bilateral bank loans, syndicated loans and bond issuances. At the helm of the practice, Damian Simeonov is well-versed in financial transactions and represents an impressive list of banks and other financial institutions. At an associate level, Ralitsa Nedkova and Georgi Drenski are also key members of the team.

Praxisleiter:

Damian Simeonov


Weitere Kernanwälte:

Ralitsa Nedkova; Georgi Drenski


Referenzen

‘Full knowledge of the banking system, financial sector and capital markets. The firms team consists of people with great knowledge and experience. At the same time they are very modern, quick and effective, keeping permanent control over the process.’

‘Georgi Drenski and Ralitsa Nedkova are really excellent financial lawyers, with deep knowledge and many years of successful experience, which helps a lot.’

‘Very organised team, always delivering in time with accuracy and excellence.’

Kernmandanten

Goldman Sachs Bank Europe SE


J.P. Morgan SE


Citigroup Global Markets Europe AG


Eurobank Bulgaria AD


DSK Bank AD


Permira Credit Limited


Wilmington Trust


The Bank of Nova Scotia


Roynat Inc.


KOSTAL Beteiligungen AG


Citibank N.A. London Branch


Eurobank S.A. Greece


UniCredit Bulbank


OTP Bank Plc


Raiffeisen Bank International AG


Truist Bank


ContourGlobal Maritsa East 3 AD


UniCredit Italy S.p.A.


UBS AG


Highlight-Mandate


  • Advised Goldman Sachs Bank Europe SE, J.P. Morgan SE and Citigroup Global Markets Europe AG, in their capacity as Joint Bookrunners and Joint Lead Managers, as well as The Law Debenture Trust Corporation p.l.c., in its capacity as Trustee, on the issuance of EUR 700,000,000 8.00% Guaranteed Notes due 2030 by Energo-Pro a.s., guaranteed by, among others, its Bulgarian subsidiary Energo-Pro Varna EAD.
  • Advised Eurobank Bulgaria AD as lender on the financing of Itower Development EAD for the construction of the first-ever Marriott hotel in Sofia.
  • Advised a syndicate of four leading Bulgarian and international banks (UniCredit Bulbank, United Bulgarian Bank, Eurobank Bulgaria, and Raiffeisen Bank International AG) on the financing of the construction of one of the largest photovoltaic plants (160 MW) and a BESS in Maglizh, Bulgaria.

CMS

The finance team at CMS benefits from extensive international experience, making it a popular choice for mandates with cross-border aspects. Three experienced partners spearhead the practice: Elitsa Ivanova is qualified in both Bulgarian and English law, and advises leading financial institutions on multijurisdictional transactions; Dimitar Zwiatkow’s primary focus is on project and acquisition finance, real estate finance and corporate lending; and Gentscho Pavlov is active in regulatory work and banking M&A transactions. Other active members of the team include Ivan Gergov, Katya Todorova and Konstantin Altandzhiyski.

Praxisleiter:

Elitsa Ivanova; Gentscho Pavlov; Dimitar Zwiatkow


Weitere Kernanwälte:

Ivan Gergov; Katya Todorova; Konstantin Altandzhiyski


Referenzen

‚The practice is unique in the way it combines technical expertise with a very practical, hands-on approach. The team is reliable, responsive, and focused on finding workable solutions, which makes them easy to engage with on complex matters.‘

‚Potential clients would value their ability to manage transactions smoothly under time pressure and to communicate clearly throughout the process. The team works in a collaborative way, both internally and with counterparties, which helps to avoid unnecessary delays.‘

‚The individuals I have worked with stand out for their availability, responsiveness, and clear communication. They are thorough, dependable, and provide advice that is both well considered and practical for decision-making. What I value most is their ability to remain calm under pressure and to keep matters moving forward efficiently.‘

Kernmandanten

Rezolv Energy SA


TEMU


United Bulgarian Bank AD


Highlight-Mandate


  • Assisted Rezolv Energy in securing up to €90m in debt financing from the International Finance Corporation (IFC) and Raiffeisen Bank International to support the construction of the ‘St. George’ solar park in north-eastern Bulgaria.
  • Advising Temu in relation to provision of „buy now pay later“ services in Bulgaria.
  • Advising United Bulgarian Bank AD on the financing of the construction of a 40 MW AC photovoltaic power plant project, and the installation of a 64 MW/2h battery energy storage system.

Djingov, Gouginski, Kyutchukov & Velichkov

Djingov, Gouginski, Kyutchukov & Velichkov maintains a strong reputation in the market, with a proven track record in local and cross-border banking and finance transactions. The firm is a reference in the market for corporate finance, debt restructuring, securitisations and capital markets. Practice head Nikolai Gouginski has a wealth of experience in project finance and cross-border lending, and leads the team alongside Georgi Tzvetkov, who has notable proficiency in capital markets transactions. Another key member of the team is Gergana Monovska, who handles regulatory matters and private equity investments. Kaloyan Krumov brings in-depth knowledge of commercial real estate, infrastructure and green projects to the group.

Praxisleiter:

Nikolai Gouginski; Georgi Tzvetkov


Weitere Kernanwälte:

Gergana Monovska; Kaloyan Krumov


Referenzen

‚One of the key advantages of working with DGKV is the consistently exceptional quality of service provided by the entire team. This holds true across all areas — whether tax consulting, M&A, litigation, or other matters.‘

‚Another defining strength of DGKV’s team is their ability to handle even the most complex and time-sensitive issues with unwavering professionalism.‘

‘The most important advantage lies in the combination of deep legal expertise with strong business practicality at every level. DGKV’s lawyers not only provide practical solutions to legal issues but also clearly outline the risks associated with the different alternatives available.’

Kernmandanten

HPS Investment Partners, LLC


BNP Paribas, Citigroup Global Markets Europe AG, ING Bank N.V., UniCredit Bank GmbH, J.P. Morgan SE, HSBC Bank plc, , Société Générale


EBRD, Blacksea Trade and Development Bank, OTP Bank Plc, NLB, UniCredit Spa, and Kommunalkredit Austria AG


UniCredit Bulbank


OTP Bank Plc. And DSK Bank AD


Santander Bank Polska S.A (Santander) and Bank Gospodarstwa Krajowego (BGK)


Bianor Holding AD Wiser Technology AD (previously Bianor Holding AD)


DSK Bank AD and OTP Bank Plc


EUROPEAN INVESTMENT BANK


American University in Bulgaria


BGC AD


Sunotec GmbH


M2M B.V.


Everway Energy 1


Highlight-Mandate


  • Advised the sole bookrunner Citibank Europe plc, the trustee and the security agent on Eurobank Bulgaria AD’s €500m covered bond issue – the first-ever under Bulgaria’s new Covered Bonds Act – admitted to trading on the Luxembourg Stock Exchange and rated Aa2 by Moody’s.
  • Advised OTP Bank Plc. and DSK Bank AD on the extension of an additional €70m financing to AES Geo Energy OOD, operator of the 156 MW “Sveti Nikola” wind farm in Kavarna, northeastern Bulgaria.
  • Advised the lenders — including EBRD, Black Sea Trade and Development Bank, OTP, NLB, UniCredit, and Kommunalkredit — and UniCredit Bulbank AD as Bulgarian security agent on a €315m financing for Renalfa IPP.

Eversheds Sutherland

Eversheds Sutherland is renowned for its capital markets practice, with notable specialism in equity and debt capital markets. Jointly led by Nikolay Bebov and Damyan Leshev, the group also has well-rounded experience in derivatives and financial regulations, with experience drafting financial legislation. It is a part of capital markets and banking projects in both Bulgaria and North Macedonia. The team benefits from Petar Ivanov‘s several areas of expertise, including debt and equity capital markets transactions, repurchase agreements and market abuse regulations.

Praxisleiter:

Nikolay Bebov; Damyan Leshev


Weitere Kernanwälte:

Petar Ivanov; Mariya Karachorova


Referenzen

‚Nikolay Bebov, Damyan Leshev, Mariya Karachorova and Petar Ivanov are all incredible professionals, with in-depth knowledge of both the legal framework in the financial markets, the market principles and regulatory practices. That’s why I always feel confident that every significant aspect is considered and the most appropriate measures are taken to address each task.‘

‚The firm is one of the most highly valued legal practices in Bulgaria in the field of finance, banking and capital markets. This gives us confidence that we are always getting the best advice when it comes to regulatory matters and communication with the local regulators.‘

‚We have exclusively working with Damyan Leshev for many years. He is a super expert with deep knowledge of the local laws, regulations and best practices. He is also super responsive and takes initiative when needed.‘

Kernmandanten

4finance Group


Allianz Bank Bulgaria


Altcoins


Belayer


Blockchain.BG/Human Liberty


Bulgaria (Republic of Bulgaria) – Ministry of Finance


Energo-Pro a.s. and its Bulgarian subsidiary Energo-Pro Varna


Eurobank Bulgaria


European Bank for Reconstruction and Development


First Investment Bank AD


ITOWER Development EAD


KBC Asset Management


MK Brokers AD


Raiffeisen Capital Management


Smart Fund Asset Management EAD


Société Générale


TBI Bank EAD


United Bulgarian Bank


Highlight-Mandate


  • Advised, as local counsel, Eurobank Bulgaria AD on the first ever issuance of covered bonds by a Bulgarian bank.
  • Advised on all matters of Bulgarian law the Republic of Bulgaria in relation to its €3.2bn dual-tranche issue in July 2025, as well as under its €4bn in May 2025, under its €27bn GMTN Programme.
  • Acting for the lender, ITOWER DEVELOPMENT, on matters of Bulgarian law in the complete restructuring of the financing arrangements a real estate development in Sofia.

Kinstellar

Kinstellar’s banking and finance practice deals with a variety of mandates including acquisitions in the finance sector, restructuring, insolvency and compliance. It also has extensive experience in project and structured finance across the infrastructure, energy, real estate and telecommunications industries. The group represents a range of clients including international commercial and development banks. Svilen Issaev spearheads the team, and is an authority on complex financing transactions as both lenders’ and borrowers’ counsel. Diana Dimova advises international companies in the financial services sector on market entry, and Denitsa Kuzeva exhibits skill in finance regulatory matters.

Praxisleiter:

Svilen Issaev


Weitere Kernanwälte:

Diana Dimova; Denitsa Kuzeva


Referenzen

‚We would recommend Svilen Issaev, who is considerate and understanding all the time.‘

‚The team is approachable, experienced, open to discussion and listens to the needs of the client.‘

‚Their approach is both practical and client-focused. The team is approachable and places great importance on understanding client needs, providing tailored and efficient solutions as a result. Compared to other firms, they are notably flexible and responsive, which clearly benefits clients as well as counsel collaborating with them on joint transactions.‘

Kernmandanten

Advent International Corporation


European Bank for Reconstruction and Development (EBRD)


Raiffeisen Bank International AG


UniCredit Bulbank


Benefit Systems S.A.


European Investment Bank (EIB)


Bank of China


United Bulgarian Bank


MasterCard


Highlight-Mandate


  • Advised Advent International on the acquisition of TBI Bank from 4finance Holding.
  • Advised European Bank for Reconstruction and Development and Raiffeisen Bank International AG on financing for the construction and operation of Bulgaria’s first hybrid power plant.
  • Advised Atland Investments on the acquisition of a distressed asset portfolio with nominal value of more than €45m extended to a Bulgarian real estate group.

Schoenherr

Schoenherr’s wide-ranging banking and finance practice deals with a variety of mandates, including project and acquisition finance, debt restructuring, capital markets transactions involving equity and securitisation. It provides financial institutions and corporate clients with both transactional and regulatory advice. Tsvetan Krumov leads the group, with established experience in banking regulatory, derivatives and securitisation matters. Another key member of the team is Milena Gabrovska, who is equipped to handle domestic and cross-border financial and securities transactions, whilst Kristina Lyubenova is active in project financings.

Praxisleiter:

Tsvetan Krumov


Weitere Kernanwälte:

Milena Gabrovska; Kristina Lyubenova


Kernmandanten

United Group B.V.


Aricoma Group (Musala Soft EAD)


Citibank


European Bank for Reconstruction and Development


MET GROUP


PETRACO OIL COMPANY SA


HSBC Innovation Bank Limited


ABN Amro Bank


Titan Machinery Austria


Deutsche Leasing Finance


HS4 Acquisitionco


eSky Group IP sp. z o.o


Milbank LLP


Finance in Motion GmbH


Tsenovo Solar Plant EOOD


Enery Power BG Holding / Enery Solar BG 1


Nomura International PLC


COMMERZBANK Aktiengesellschaft


ING Bank N.V. /ING-DiBa A.G.


Raiffeisen Bank International AG (RBI)


UniCredit Bulbank AD, Bulgaria


ING Bank N.V. (the Netherlands) and ING Bank N.V. – Bulgarian Branch


European Investment Bank


BNP PARIBAS (Suisse) S.A.


Société Générale Group


J.P. Morgan Securities plc


Highlight-Mandate


  • Advised United Group B.V. (UG) as issuer on the Bulgarian aspects of multiple issues of Senior Secured Notes (SSNs) under New York law.
  • Advised Aricoma Group (as a borrower) and Musala Soft AD (as a guarantor) on amendment and restatement of senior multicurrency term and revolving facilities agreement and establishment of new Bulgarian law security package with Česká Spořitelna – leading a syndicate of banks including Československá obchodní banka and Komerční banka.
  • Advising ABN Amro Bank N.V. (an agent and lender) and Coöperatieve Rabobank, Siemens Bank GmbH, Deutsche Bank AG, Amsterdam Branch, ING Bank N.V., Investec Bank PLC as lenders on the Bulgarian aspects of restructuring of (i) a euro term loan facility in an aggregate amount equal to €64bn; (ii) a euro term loan facility in an aggregate amount equal to €40m; and (iii) a euro revolving credit facility in an aggregate amount equal to €12.5m granted to NPM Investments XIV.

Wolf Theiss

The banking and finance team at Wolf Theiss has a notable emphasis on large cross-border financing projects, restructuring projects and the digitalisation of financial services. The group is recognised for its capabilities in acquisitions, market entry, compliance and licensing. Katerina Kraeva co-leads the department, and is a reference in the market for lenders and borrowers seeking advice on acquisition and project finance, as well as financial restructurings. Practice co-head Richard Clegg stands out for his work in acquisitions in the financial sector.

Praxisleiter:

Katerina Kraeva; Richard Clegg


Referenzen

‚We value Wolf Theiss for their stellar market knowledge and ability to translate legal expertise into practical, business-focused solutions. They take the time to understand our business, are always accessible and consistently engage with us in a way that feels like a true partnership. Their advice is not only technically strong but also aligned with our strategic objectives, which gives us confidence in even the most complex situations.‘

‚What makes them unique is the seamless collaboration across different areas of law and their openness to innovation. We have experienced first-hand how efficiently they work together, providing integrated solutions that are far more effective than those of many other law firms.’

‚Katerina Kraeva stands out as an exceptional partner who combines deep legal expertise with outstanding client engagement. She has an impressive ability to anticipate issues, explain complex matters with clarity and guide us toward solutions that are both legally sound and commercially effective. What we value most is her responsiveness, practical mindset and the personal commitment she brings to every matter. Compared with competitors, she is more hands-on, proactive and genuinely invested in our success, which makes her a trusted advisor and a pleasure to work with.‘

Kernmandanten

Bravo Property Fund


Sofia South Ring Mall


UniCredit Bulbank


Lion’s Head Investments


Renalfa, Tenevo Solar Technologies


Belozem Solar Park


MET Group


Fortress Investment Group


MyPos


Sofia Airport


Atradius Crédito y Caución S.A. de Seguros y Reaseguros


Highlight-Mandate


  • Assisting UniCredit Bulbank AD with the Bulgarian aspects of a €160m synthetic securitisation instrument with an institutional investor.
  • Advising Sofia South Ring Mall on its €79m cross-border refinancing involving lenders from Bulgaria, Greece, and Luxembourg.
  • Advised DSK Bank and OTP Bank on the €88m financing of Bravo Sky, a flagship sustainable commercial development in Sofia.

Dimitrov, Petrov & Co

Dimitrov, Petrov & Co’s banking and finance department is a key advisor in complex transactions and regulatory matters, representing clients in energy and infrastructure financing, fintech, insurance and private equity. Practice head Hristo Nihrizov carries out a broad scope of work related to payment services, insolvency and both project and acquisition finance. Pencho Stanchev is another active member of the team, who handles the full range of debt restructuring, securitisation and capital markets.

Praxisleiter:

Hristo Nihrizov


Weitere Kernanwälte:

Pencho Stanchev


Referenzen

‚What makes them unique is their deep technical knowledge of the energy and RES business, in addition to the legal experience of course. This allowed them to negotiate financing agreements that were not only legally sound but also fully aligned with the commercial and regulatory realities of renewable energy projects.‘

‚Compared with other firms, DPC brings clear communication that gives confidence to both investors and financial institutions.‘

‚I would particularly highlight Pencho Stanchev, who provided strategic oversight and ensured that all aspects of the financing were aligned with the long-term interests of the project.‘

Kernmandanten

Agrix Group


Nova City Group


Black Sea Property AS


Keramik EOOD


Eura Energy


VM Petroleum/Tradenet Varna


Social Security Company UBB


NetFinance Ltd.


Yasol AD


Most Energy OOD


Highlight-Mandate


  • Advised Agrix Group on the financing and acquisition of Olimex.
  • Advised Nova City Group on securing €18m in project financing.
  • Advised Black Sea Property AS on all legal aspects of structuring and implementing a €58m private credit transaction.

Georgiev, Todorov & Co

Georgiev, Todorov & Co demonstrates proficiency across insurance and reinsurance matters, and deals related to insurance transactions. In addition, it is highly capable in debt finance, capital markets, project financing and dispute resolution. The team advises a range of clients including municipalities, asset and wealth management companies, and banks. Spearheading the practice, Arno Mamasyan stands out for his work on privatisation mandates.

Praxisleiter:

Arno Mamasyan


Referenzen

‚The Banking, Finance and Capital Markets team distinguishes itself by the way it combines technical knowledge with a very practical understanding of how deals actually get done. They are highly responsive and dependable, which gives comfort when working under tight deadlines.‘

‚What I have valued most is their ability to anticipate issues early and propose workable solutions before they become problems. The team works in a collaborative and straightforward manner, both with clients and counterparties, which helps maintain momentum on transactions. Potential clients would appreciate that they deliver consistent quality while staying focused on what really matters commercially.‘

‚The individuals I have worked with stand out for their availability, responsiveness, and the clarity of their advice. They are dependable and manage matters with calm efficiency, even when working under significant time pressure.‘

Kernmandanten

Belozem Solar Park 2


PV Plants


Karlovo Solar BG


Bank Sepah – Branch Frankfurt


Grand Energy Distribution


Pro Trade Finance Consult LTD


OZK Insurance


Highlight-Mandate


  • Advised Belozem Solar Park 2 on the approval by the Energy and Water Regulatory Commission of the bank financing for the construction and operation of a large-scale solar plant in Maglizh.
  • Advised Galabovo Solar BG on the approval by the Energy and Water Regulatory Commission of the bank financing for the construction and operation of a solar plant in the area of Galabovo village.
  • Advised Kaloyanovo Solar BG on the approval by the Energy and Water Regulatory Commission of the bank financing for the construction and operation of two stages of a solar plant in the area of Kaloyanovo village.

Kambourov & Partners

Sought out by Bulgarian and international banks, Kambourov & Partners regularly advises on complex financing and restructuring matters. It also represents a number of financial institutions, and is geared to support on structured finance, financial collateral and public and private bond placements. Leading the team, Yavor Kambourov has experience extending to restructuring, insolvency, and financial litigation and arbitration. The group also benefits from Ivo Alexandrov, who has in-depth understanding of regulatory issues and specialises in syndicated facility arrangements and the enforcement of security agent structures.

Praxisleiter:

Yavor Kambourov


Weitere Kernanwälte:

Ivo Alexandrov


Kernmandanten

UniCredit Italia


Bank of China Limited, New York Branch


Contrail Aviation Support, LLC


Ecosafe


Holiday Village Aqua Nevis


FTAI Aircraft Leasing Ireland (2025) DAC


Metlen


Naksia


Radina House EOOD


Tessa Energy


UAB “BAA Training”, Lithuania


United Group


VARTA Consumer Bulgaria EOOD


CASP Leasing I, LLC


Highlight-Mandate


  • Advising UniCredit S.p.A. on the €65m restructuring of syndicated credit facilities supporting the development of a manufacturing site in Bulgaria.
  • Advising Tessa Energy EOOD on the Bulgarian legal aspects of a €86.5m financing arrangement for a 72MW wind farm project.
  • Advising Bank of China Limited, New York Branch, on the release and deregistration of Bulgarian-law aircraft pledges securing three facility agreements.

Penkov, Markov & Partners

With a presence across financial, credit and payment institutions, the banking and finance team at Penkov, Markov & Partners is particularly well-versed in regulatory matters. The practice is under the joint leadership of Nikolay Cvetanov and Ivan Markov. Cvetanov is reputed for the depth of his expertise in project financing, regulatory and compliance matters, whilst Markov is devoted to acquisitions in the finance sector. Asen Apostolov is another key member of the group, with recent work including advice on restructuring and anti-money laundering.

Praxisleiter:

Nikolay Cvetanov; Ivan Markov


Weitere Kernanwälte:

Asen Apostolov


Referenzen

‚This legal practice stands out for its client-first approach, deep sector expertise, and a proven track record of solving complex legal challenges with commercially focused solutions. Unlike many firms that take a purely legalistic approach, this team integrates legal insight with strategic business understanding, ensuring that advice is practical, actionable, and aligned with clients’ goals.‘

‚Nikolay Cvetanov is very good at seeing what really matters. He explains things in a simple way and always keeps the bigger goals in mind. He doesn’t just give legal advice, he also gives direction that helps us make the right choices. He is a strong leader and great to work with. ‚

‚Asen Aposolov is someone we can always rely on. He is careful, hardworking, and knows the regulatory basis very well. He makes sure nothing important is missed, which is especially helpful with regulatory work. We also value how steady and committed he has been to our projects over the years.‘

Kernmandanten

Unilink S.A., Unilink Bulgaria EOOD


Binance


INVENIO PARTNERS FUND II Scsp


Vivus (4finance group)


4finance Holding S.A.


Allianz Bank Bulgaria EAD


ZAI AD (part of Industrial Holding Bulgaria Group)


Paynetics AD


NetCredit OOD


Infinity Capital AD


Arteks Engineering AD


Ferratum Bulgaria


Eurostar EOOD


SKV Group refinancing of credit lines


Highlight-Mandate


  • Advised Unilink S.A. and Unilink Bulgaria EOOD on structuring of the financing and acquisition of SDI Group AD.
  • Advised 4finance Holding S.A. on the sale of the Bulgarian TBI bank via its subsidiary TBI Financial Services B.V. to Advent.
  • Advised Allianz Bank Bulgaria on the restructuring of factoring relationship with a Bulgarian construction company.

Stoeva, Tchompalov & Znepolski

Banking and capital markets work is at the heart of Stoeva, Tchompalov & Znepolski, with additional strength in insurance contracts and litigation. It also advises on anti-money laundering and counter terrorist financing requirements. The group is jointly steered by two partners: Iordan Tchompalov is lauded for his extensive capital markets experience, and Irina Stoeva is a key advisor in insurance matters. Additional names to note in the team include Natalia Yordanova, and Tihomir Todorov, who was promoted to senior associate in January 2025.

Praxisleiter:

Iordan Tchompalov; Irina Stoeva


Weitere Kernanwälte:

Natalia Yordanova; Tihomir Todorov; Peter Znepolski


Referenzen

‚Iordan Tchompalov is calm, available, and strategic — he spots potential issues before they turn into problems and keeps negotiations on track.‘

‚Tihomir Todorov is impressive, combining deep technical knowledge with a very approachable style. Both make you feel like they’re part of your own team rather than outside advisers. The associates supporting them were also sharp and responsive, which made the whole process smooth.‘

‚Stoeva, Tchompalov & Znepolski is among the very few Bulgarian law firms with a deep understanding of both the essence and the underlying policy issues of capital markets law. Iordan Tchompalov has been active in the field for decades, while Natalia Yordanova brings more than 15 years of experience. Together, they have built outstanding expertise across a wide range of capital markets and banking matters, including investment funds, listed company regulations, disclosure requirements, and market abuse. Their responses to our queries are consistently prompt, and their advice is both practical and tailored to the circumstances. Importantly, they also maintain their fees at a very reasonable level.‘

Kernmandanten

Eurohold Bulgaria AD


Varengold Bank AG (Germany)


Belozem Solar Park 2 OOD (Bulgaria)


Electrohold Bulgaria OOD (Bulgaria)


SDI Group AD


Sizigy OOD (Bulgaria)


ABV Investments EOOD (Bulgaria)


First Financial Brokerage House


Insurance company Armeec (Bulgaria)


Balkan Agricultural OOD –


AXA (Belgium)


Factory AD


Highlight-Mandate


  • Advised Eastern European Electric Company B.V. on its €500m 6.500% Guaranteed Secured Notes due 2030 admitted to trading on the Luxembourg Stock Exchange.
  • Advised Belozem Solar Park 2 on a €122m project financing for the construction and operation of a 160 MW photovoltaic power plant and of an energy storage project with installed power of 36 MW and a capacity of 72 MWh in Bulgaria.
  • Representing AXA Belgium before Bulgarian court in a claim for compensation brought by the heirs of a Belgian citizen died in a road accident in Bulgaria.

Andrey Delchev and Partners - Eurolex Bulgaria

Andrey Delchev and Partners - Eurolex Bulgaria is renowned for its experience in financing for large-scale projects, such as sustainable energy projects. The group also advises domestic and international financial institutions on complex transactions. Stoyan Barzakov focuses his practice on project financing, particularly in infrastructure and PPP sectors. He leads the team alongside Dimitar Delchev, who assists energy and real estate clients with their banking and finance matters. Magdalena Valova is another key name to note.

Praxisleiter:

Stoyan Barzakov; Dimitar Delchev


Weitere Kernanwälte:

Magdalena Valova


Referenzen

‚The team explains legal issues in plain language without unnecessary complications, which saves our time in internal discussions. Their lawyers understand our business sector well, so they give practical advice instead of just theoretical legal opinions.‘

‚We are extremely happy with Magdalena Valova, who is always there for us and provide us with her expert knowledge and support.‘

‚The team combines strong technical expertise with a very practical approach to solving problems, which makes them stand out from other firms we have worked with. They are highly responsive, transparent on billing, and proactive in suggesting solutions rather than waiting to be asked. Their collaborative style and availability makes communication seamless and efficient.‘

Kernmandanten

Asarel Medet


Bulgarian Development Bank


World Bank


Trace Group Hold


National Trust EcoFund (NTEF)


Nova City Group


AZ Energies S.R.O, Czech Republic


Ministry of Regional Development and Public Works


Ministry of Transport and Communications (formerly Ministry of Transport, Information Technology and Communications)


Sofia Municipality


Asarel Medet


Highlight-Mandate


  • Providing consultations to the Trace Group Hold on diverse legal matters, including legal advice regarding a €55m loan granted to the client by the EBRD .
  • Advised National Trust EcoFund in public procurement and competition law matters related to environmental projects financed under NTEF’s grants scheme.

Deloitte Legal Law Firm

Deloitte Legal Law Firm is devoted to regulatory projects in the banking and finance sector, including work in crypto and payment services, licensing, AI and compliance with the new Digital Operational Resilience Act. The team also has experience in acquisitions, financing and restructuring. At the helm of the practice, Adelina Mitkova handles the full range of acquisitions, syndicated financing and debt restructuring.

Praxisleiter:

Adelina Mitkova


Weitere Kernanwälte:

Zvezdelina Filova


Referenzen

The Banking & Finance practice stands out for its deep sector expertise and commercial pragmatism. The team combines the technical excellence of top-tier banking lawyers with a practical understanding of financial markets and regulatory trends, enabling us to deliver advice that is not only legally sound but strategically valuable.

Adelina Mitkova is a standout practitioner in the banking and finance field, recognised for her exceptional technical knowledge and pragmatic approach. She consistently delivers strategic, commercially focused advice on complex financing structures and regulatory matters. As a client, I particularly value her responsiveness, precision, and ability to navigate multi-jurisdictional issues with ease.

Zvezdelina Filova stands out for her readiness to develop creative solutions.

Highlight-Mandate


Ernst & Young Law Partnership

The banking and finance team at Ernst & Young Law Partnership works in collaboration with its tax, regulatory and commercial departments to provide clients with multidisciplinary advice. It is active in M&A transactions in the finance sector, and also assists with completion of loan documentation. Spearheading the group, Rebeka Kleytman comfortably handles restructuring, insolvencies and international financing agreements.

Praxisleiter:

Rebeka Kleytman


Referenzen

‘They are very detailed and professional in every challenge.’

Kernmandanten

Central Cooperative Bank AD


American Express Payments Europe S.L.


UniCredit Bulbank AD


Finrax Ltd.


Param Holdings International Coöperatief U.A.


Revolut Ltd.


Highlight-Mandate


  • Supported a commerical bank in conducting an extensive enterprise-wide risk assessment for the years 2023 and 2024, addressing money laundering and terrorist financing risks at both group and entity levels.
  • Advised a regulated entity operating in the financial and digital services space on aligning remuneration and conflict of interest frameworks with MiCA requirements.