Firms To Watch: TMT

TMT in Bulgaria

Yankov, Nenchev, Gochev, Genchev (YNG Legal)

With a particular focus on IT, emerging technologies and blockchain solutions, Yankov, Nenchev, Gochev, Genchev (YNG Legal) is well placed to support clients with regulatory issues, IP licensing, and GDPR.

Boyanov & Co.

The TMT team at Boyanov & Co. is particularly impressive in complex transactions, in addition to regulatory, contractual and commercial matters. The group supports clients with data protection, cybersecurity matters and technology projects, and represents telecoms, cable operators, radio stations and technology companies. Practice head Nikolay Zisov stands out for his work on M&A deals in the TMT sector, as well as cloud computing projects and cybersecurity matters. At an associate level, Deyan Terziev provides ongoing regulatory advice to technology clients.

Praxisleiter:

Nikolay Zisov


Weitere Kernanwälte:

Deyan Terziev


Referenzen

‚The Boyanov & Co. TMT team is clearly the top professional legal team in this field in Bulgaria. They are highly competent, very responsive and consistently deliver clear, practical, and solutions‑oriented advice rather than theoretical or bureaucratic input. What also matters much to us is their ability to work under great pressure and meet aggressive timelines without compromising quality. Overall, they clearly stand out as the premier legal team in Bulgaria.‘

‚Nikolay Zisov is great lawyer with broad expertise, attentive, responsive and pragmatic. He is very reliable and trustworthy both in regular legal support but also in complex transactions and negotiations. He always provides competent and business-oriented advice – on time and to the point. Deyan Terziev is excellent data protection expert and have provided us with very useful advice on the privacy aspects of various elements of our business.‘

‚Boyanov & Co. is the local leader in providing sophisticated legal advice. They are excellent in providing competent advice in both day-to-day tech matters and complex cross-border projects. They offer pragmatic and business-oriented solutions and understand well the business dynamics and needs.‘

Kernmandanten

Volkswagen Group & Audi Group


Meta Platforms


Cisco


GTT Bulgaria EOOD


Microsoft


Citi


Philip Morris Bulgaria


Central European Media Enterprise (CEM)


Limagrain


Angelini Pharma BG


Inditex


YouGov


M Car Group


Beko Europe


MetLife


EI Bat AD


Sunfoods


Inmarsat Ventures SE


Highlight-Mandate


  • Advised Synechron, Inc. on its acquisition of Dreamix.
  • Advised Central European Media Enterprises (CME) on an artificial intelligence project, providing a review of CME’s Artificial Intelligence Policy and regulatory advice on local legal specifics.
  • Advised Deutsche Telekom AG on various local legal aspects concerning their digital services in connected vehicles.

Dimitrov, Petrov & Co

Dimitrov, Petrov & Co represents a range of software companies, internet service providers and growing tech businesses in projects involving digital transformation, innovations and data transfers. The practice is jointly coordinated by five partners: George Dimitrov excels in ICT law; Hristo Nihrizov has experience extending to transactions in the technology and telecoms sectors; Nikola Stoychev has a niche focus on cybersecurity matters; Martin Zahariev is adept at handling privacy and data protection mandates; and Desislava Krusteva-Doncheva assists with e-commerce, e-governance and e-payments work.

Praxisleiter:

George Dimitrov; Hristo Nihrizov; Desislava Krusteva-Doncheva; Nikola Stoychev; Martin Zahariev


Weitere Kernanwälte:

Viktoriya Veleva; Konstantin Kostadinov; Tsvetelina Paskova


Referenzen

‚We chose Dimitrov, Petrov & Co because they are known for their expertise in law related to the IT field. We were not disappointed. In the contrary, they exceeded our expectation. A team of well prepared lawyers provided everything we needed.‘

‚DPC’s TMT team is known by everyone in our industry as the best in Bulgaria. They have really top-level experts in different branches of TMT, such as data, cybersecurity, AI. They are always up to date with the latest regulations in the area and give us very valuable heads up when we need to take something into account in order to be compliant. They have a very good international network and always connect us with the right lawyers, when we need advice in other jurisdictions.‘

‚I have worked with Martin Zahariev, who is an outstanding specialist with remarkable expertise and insight. His guidance always brings clarity and confidence in complex matters. I have also worked closely with Viktoriya Veleva who conducts excellent research and whose accuracy and reliability make her a true asset to the team. Another team member I value highly is Konstantin Kostadinov who is an excellent professional – diligent, responsive, and solution-oriented.‘

Kernmandanten

Google


Yettel Bulgaria


Pfizer


Mareshki Group


Law and Internet Foundation


Pharma Marketing Advisors


Jobs.bg


Bonev Soft


Registry Agency


Transfer Income Tax Advisory OOD


Hell Energy


Highlight-Mandate


  • Assisting the mobile operator Yettel with challenging the acquisition of the leading TV distribution provider Bulsatcom by Vivacom.
  • Assists a number of pharmaceutical companies, such as Pfizer, Johnson & Johnson, Eli Lilly/SUISSE/SA, Roche Bulgaria with regard to their activities in Bulgaria on variety of matters related to their digital transformation, data protection compliance, digital marketing projects, etc.
  • Providing complex services to Google as its exclusive legal counsel for Bulgaria with a specific focus on content, data protection, AI and other TMT law matters, competition law and regulatory issues.

Djingov, Gouginski, Kyutchukov & Velichkov

Covering a wide array of matters related to the TMT sector, Djingov, Gouginski, Kyutchukov & Velichkov supports clients with regulatory and data protection advice, transactions and AI governance. At the helm of the practice, Violetta Kunze is adept in handling privacy, data protection and AI matters, in addition to transactions in the TMT sector. Ralitsa Gougleva has experience in high profile deals in the ICT sector, and Georgi Sulev has in-depth knowledge of telecoms and media regulatory matters.

Praxisleiter:

Violetta Kunze


Weitere Kernanwälte:

Ralitsa Gougleva; Georgi Sulev


Referenzen

‚High quality of work and profound market knowledge.‘

‚Violetta Kunze is highly knowledgeable and provides top-notch telecoms regulatory advice.‘

‚Expert knowledge in the Bulgarian telecoms market. Well connected and great combined legal and technical expertise.‘

Kernmandanten

PPF Group NV


Founders Fund LLC


Google Ireland Ltd.


Ontotext AD


Colt Technologies Services GmbH


Economedia AD


Cognyte Technologies Israel Ltd.


Bianor Holding AD


Marlabs LLC


Highlight-Mandate


  • Assists PPF Group NV with the Bulgarian law aspects associated with the agreement between PPF and Emirates Telecommunication Group Company („e&“) under which e& acquired astake of 50% plus one share in PPF Telecom Group’s assets in Bulgaria, Hungary, Serbia and Slovakia.
  • Provided legal assistance to Founders Fund LLC, which led a financing round to support EnduroSat EAD.
  • Advised Bianor Holding AD on the acquisition of a number of software companies.

Kinstellar

Kinstellar’s TMT team stands out for its in-depth knowledge of the technology sector, and represents a range of clients including software developers, online platforms and start-ups. It is geared to support on regulatory matters, AI innovation, data protection and compliance. The practice is jointly steered by two practitioners: Georgi Kanev assists clients with software development, maintenance and distribution, whilst Milka Nikolova is a key advisor in regulatory matters across the TMT sector, such as media and platform regulation. Nina Tsifudina has a longstanding reputation for TMT transactions.

Praxisleiter:

Georgi Kanev; Milka Nikolova


Weitere Kernanwälte:

Nina Tsifudina


Referenzen

‚Kinstellar’s team is committed to creating meaningful and lasting relationships with their clients. We know all our contacts by face and name and we can reach out to them regardless of the topic, even if the particular area of expertise requires that we be referred to a different colleague or firm.‘

‚One of the key strengths of this team is their approachable and supportive manner. They respond quickly – even to minor queries – and never make you feel like your questions are unwelcome or unimportant. This creates a very collaborative and trusting working relationship, which is incredibly valuable.‘

‚Compared to other firms, this practice stands out for its client-focused approach, fast turnaround times, and the consistency of their high standards. Their commitment to clear communication and practical guidance makes them a reliable and valued partner.‘

Kernmandanten

Paradox Interactive


Open Text Coöperatief U.A.


Advent International


Axion Edge


Studio Punchev EOOD


RingCentral


KPMG


Highlight-Mandate


  • Advised Paradox Interactive on the acquisition of Haemimont Games, one of the first video game development studios in Bulgaria.
  • Advised Advent International, a global private equity investor, on the acquisition of TBI Bank, a digital challenger bank in Southeast Europe, from 4finance Holding.
  • Advised Axion Edge on the development and launch of an AI-powered investment and financial support platform.

CMS

Regularly sought out by telecoms companies, software development companies and TV broadcasters, CMS has notable specialism in media and telecoms regulations. The practice is led by five practitioners: Gentscho Pavlov and Atanas Bangachev are key contacts for TMT transactions; Veliko Savov has knowledge of corporate and commercial matters for telecoms clients; Anna Tanova is an expert in matters involving electronic communications and media regulations; and Ivan Gergov is a name to note for technology companies. Eva Petrov regularly supports the practice heads.

Praxisleiter:

Gentscho Pavlov; Atanas Bangachev; Veliko Savov; Anna Tanova; Ivan Gergov


Weitere Kernanwälte:

Eva Petrova


Referenzen

The CMS TMT team consists of outstanding experts in the fields of media, electronic communications, technology and intellectual property. Team members are highly responsive and supportive. The team uses innovative technological tools. Pricing and billing are transparent, and the agreed legal budget is respected. One of their unique strengths is their ability to conduct large, cross-jurisdictional studies across CMS offices in other territories and deliver valuable training based on their extensive network of experts in Bulgaria and abroad. We would be pleased to recommend Anna Tanova, Eva Petrova and the other team members.

CMS is a leading international law firm and one of the few that has developed a highly specialised TMT practice in Bulgaria. The TMT team is led by Anna Tanova, who is a counsel at CMS. Anna is one of the most reputable media law experts in Bulgaria. Having come from the TV industry, she knows the market and its specifics well. Anna is creative and entrepreneurial, providing smart solutions and advice. Anna is involved in all legislative developments in Bulgarian media law and the development of the Bulgarian Electronic Communications Act. She has represented broadcasters in numerous discussions with authorities and rights holders.

The CMS TMT team is truly exceptional. They combine deep sector knowledge with outstanding detail orientation, ensuring that every matter is handled with precision and foresight. What sets them apart is their proactive approach – they are not only responsive but consistently anticipate future developments and offer innovative solutions that go beyond standard legal advice.

Kernmandanten

Accenture Bulgaria EOOD


Baton Systems Ltd


Novu Tech EOOD


Smartcom Bulgaria


Temu


Association of Bulgarian Broadcasters – ABBRO


Alliance of the technology industry – ATI


Midwest LTD


The Sales House LTD


Highlight-Mandate


  • Advising Accenture Bulgaria EOOD on the post-closing deliverables in Bulgaria as a result of the recent acquisition of the Client’s US sole owner of OnProcess Technology Inc.
  • Represented ATI in a court case, initiated by Musicauthor regarding the collective management organisation tariff.
  • Advised on amendments to the Bulgarian Copyright and Neighboring Rights Act related to the collective management organisations tariff regime and the anti-piracy enforcement measures.

Georgiev, Todorov & Co

Georgiev, Todorov & Co is home to a well experienced telecommunications team, with a proven track record in matters related to agreements, compliance and dispute resolution. The group also deals with a variety of mandates for media and technology clients. Spearheading the team, Alexander Pachamanov is known for his work in telecoms matters and regulations, including corporate and competition issues. Another key member of the team is Tsvetelina Dimitrova, who advises on intellectual property matters in the TMT sector.

Praxisleiter:

Alexander Pachamanov


Weitere Kernanwälte:

Tsvetelina Dimitrova


Referenzen

‚Personal approach and personal care, focused in details, able to discuss extensively. They don’t confuse us with long disclaimers.‘

‚We can recommend Tsvetelina Dimitrova.‘

‚An exceptional team of professionals who work quickly, efficiently, and with a high level of confidentiality and expertise.‘

Kernmandanten

Bulsatcom


T-Smart Global


BORICA


Vivacom


Ciela Norma


Experian Bulgaria


Fleet Services, Bulgaria


Black Swan Technologies


Sofia Urbam Mobility Center


A1


Highlight-Mandate


  • Advised Vivacom on a procedure for the provision of additional radio frequency spectrum in the range of 1800 MGz for the construction of a 5G network on the territory of Bulgaria.
  • Provided legal consultations to Vivacom regarding agreements for broadcasting services to BBT and TV 7.
  • Advised T-Smart Global on the provision of toll services.

Kambourov & Partners

Kambourov & Partners provides clients with advisory services in major transactions in the TMT sector, and representation in contentious matters involving data protection, licensing and contract breaches. The group advises a number of media entities, in addition to major telecoms players and clients in software, IT services and cloud infrastructure. At the helm of the practice, Margarita Guigova is best known for her work representing media and entertainment clients in disputes related to broadcast licensing and TV and radio regulations. Yana Todorova is another key member of the team, and was made partner in April 2025.

Praxisleiter:

Margarita Guigova


Weitere Kernanwälte:

Yana Todorova; Mario Arabistanov


Referenzen

‚Kambourov & Partners’ TMT team is outstanding in every respect. They combine deep sector knowledge with the agility and creativity needed to advise on technologies that often outpace regulation. Their ability to provide clear, commercially grounded advice in areas where the law is still evolving is truly unique on the Bulgarian market. The team is equally comfortable handling complex regulatory frameworks and drafting forward-looking contractual arrangements that protect the client’s interests while enabling innovation to flourish. They are proactive, responsive, and highly collaborative, with a clear understanding of the challenges faced by fast-growing technology companies. Compared to other firms, they stand out for their capacity to translate complex legal requirements into actionable solutions that align seamlessly with business strategy.‘

‚Margarita Guigova is a standout advisor in the TMT space. She has an exceptional ability to navigate novel and untested issues with clarity and confidence, offering guidance that is legally bulletproof and future-oriented. Her strategic insight and innovative thinking make her an invaluable partner for clients operating at the forefront of technological change. Margarita inspires trust with her ability to chart a clear path through unregulated territory while keeping the client’s long-term vision in sharp focus.‘

‚Yana Todorova brings an impressive skill set to the table. She excels at managing the contractual and operational aspects of innovative business models, ensuring that complex partnerships and agreements are structured with precision and foresight. Yana has a keen eye for detail and a deep understanding of how to make technology-driven ventures legally robust without stifling innovation. Her responsiveness, creativity, and ability to explain complex concepts in a straightforward manner make her an invaluable advisor for both management and operational teams.‘

Kernmandanten

24 Open


Alliance for Creativity and Entertainment (ACE)


Balkansat


Broadcom Inc.


Economedia


Izabel Ovcharova – Izi


Kapsch Trafficom AG


Lidl


Maternity Solutions


Maxima Bulgaria


Netinfo


Nexo


Nova Broadcasting Group (NBG)


Prestige-96


Regiocom


RM Equity Partners


Schwarz Global Services


Sofia Bar Association


Vivacom


VMWare Bulgaria


Highlight-Mandate


  • Advised 24 Open on the launch and operation of its fully automated business model.
  • Advises Nexo on data protection and compliance matters.
  • Advises Vivacom on a range of regulatory, corporate, litigation and competition matters.

Schoenherr

The TMT practice at Schoenherr has a notable emphasis on transactions, but also supports clients with intellectual property, commercial and regulatory issues. The team is regularly sought out by fixed and mobile operators, e-commerce operator, and technology and media companies. Ilko Stoyanov leads the group, frequently advising clients on M&A deals in the TMT sector. Marin Demirev is another name to note, who focuses on regulatory and data protection matters.

Praxisleiter:

Ilko Stoyanov


Weitere Kernanwälte:

Marin Demirev


Referenzen

‚Ambitious and driven team of professionals with diverse expertise, educational and professional background led by highly experienced senior associates and partners. Extremely knowledgeable and client-focused on every step of the legal consultation and service process. The team combines deep understanding of the legal issues with commercial acumen.‘

Kernmandanten

Space Exploration Technologies Corporation (SpaceX)


European Innovation Council (EIC) Fund


OMV Bulgaria


BlackPeak Capital


Exadel Inc


Bosch Digital EOOD


EQT X Investments S.à r.l.


SAP and SAP Labs


IGT Services and Technologies SRL


CloudM Software Limited


KKCG Group / Aricoma Group International AB


Chaos Software


S.A. SPADEL N.V.


Ringier AG


NTT DATA Business Solutions


Trivago


United Group


GTS TELECOM (part of Deutsche Telekom AG)


Bulgarian Telecommunications Company AD (Vivacom)


Highlight-Mandate


  • Advised e& on the acquisition of a controlling stake in PPF Telecom Group’s assets in Bulgaria, Hungary, Serbia and Slovakia, Yettel and CETIN entities in Bulgaria, Hungary and Serbia and O2 and O2 Networks in Slovakia.
  • Advised SpaceX on the role out of its Starlink satellite internet constellation services to CEE and SEE.
  • Advised European Innovation Council (EIC) Fund on the extension of its convertible loan agreement and the completion of a new investment round via subscription of shares in Transmetrics AD.

Wolf Theiss

With a core focus on software, telecoms and high-tech innovation, Wolf Theiss excels in M&A deals in the TMT sector, in addition to data protection, IP and regulatory advice. The group advises clients from large multinational corporations to technology start-ups, and assists with establishing operations in Bulgaria. Richard Clegg is active in transactions in the technology sector and leads the team along with Anna Rizova, who has extensive experience in telecoms and regulatory matters.

Praxisleiter:

Anna Rizova; Richard Clegg


Kernmandanten

4iG


Kohlberg Kravis Roberts & CO (KKR)


CCI Enterprises DMCC


Loren Networks


MDA Space


Programmatic Solutions


Total Specific Solutions (TSS)


Software AG


Photeon Technologies


Highlight-Mandate


  • Advised KKR on Bulgarian aspects of the acquisition of the VMware End-User Computing Division, in a transaction valued overall at approximately $4bn.
  • Advised MDA Space on all Bulgarian aspects of the total acquisition of SatixFy.
  • Advised Photeon Technologies GmbH on a technology joint venture with Medad Holding, Abu Dhabi.

Andrey Delchev and Partners - Eurolex Bulgaria

The TMT practice at Andrey Delchev and Partners - Eurolex Bulgaria has a longstanding reputation for representing radio stations, with additional experience advising digital media and IT companies. The group handles regulatory issues, data protection, and supports clients in complex litigation. Practice head Severina Liubenova is an expert in media and telecoms, with notable specialism in radio and television.

Praxisleiter:

Severina Liubenova


Referenzen

‚Andrey Delchev and Partners – Eurolex Bulgaria are not just lawyers, but they act as true business partners and advisors, trying to understand the business context in order to propose solutions and advice.‘

‚They are listening more than they talk, trying to understand what the company is doing and what are the issues in order to add value with services and advise.‘

Kernmandanten

RadioPlay Media (Fresh Media Group)


Noventiq LTD (Softline)


Gedeon Richter Plc.


National Scout Organization of Bulgaria (NGO)


HabitADD LTD


Highlight-Mandate


  • Advising RadioPlay Media (Fresh Media Group) on legal matters ranging from all day-to-day corporate and commercial legal matters, to regulatory issues, licensing, IP, production, creation and broadcasting, leases, bank loans, judicial representation and representation before the broadcast regulator, advertising and sponsorship contracts.
  • Providing full corporate legal services to Noventiq (Softline).
  • Assisted the Ministry of Regional Development and Public Works with the implementation of an IT system for management of the state and municipal properties in Bulgaria and abroad.

Penkov, Markov & Partners

Regularly sought out by telecoms operators, media organisations and IT companies, the TMT practice at Penkov, Markov & Partners is well equipped to handle regulatory compliance matters, licensing, contract drafting and e-commerce matters. At the helm of the practice, Nikolay Cvetanov is an authority in digital law matters such as cybersecurity, personal data protection and fintech.

Praxisleiter:

Nikolay Cvetanov


Weitere Kernanwälte:

Ana Krusteva


Referenzen

The firm stands out because they combine legal expertise with a strong grasp of the technology and media landscape we operate in. Their guidance is practical, commercially minded, and always aligned with our strategic goals. The lawyers are highly responsive, communicate in a clear and direct way, and are able to simplify even the most technical regulatory issues. They anticipate risks early and often identify challenges before they materialise.

In comparison with other firms, they are agile, transparent on costs, and easy to collaborate with. Their understanding of technology regulation — data protection, cybersecurity, digital platforms, content regulation, IP, and telecoms compliance — is unmatched in Bulgaria. We have not encountered this level of specialised service elsewhere.

Nikolay Cvetanov has a sharp ability to focus on what truly matters. He explains complex technology and regulatory issues in simple, practical terms while keeping business strategy at the centre. His advice goes beyond legal analysis — he provides strategic direction that helps us make the right decisions. He is an excellent leader, particularly strong in FinTech, digital regulation, and TMT.

Kernmandanten

Tiger Technology


Naturpodukt


Wealthlock


Mebelmag


Izzi Platform, Klett Publishing house


Ferratum


Mondi Stambolijski


AdminSoft Plus (part of Klett Group)


Association for Responsible Non-Banking Crediting


Nokia Solutions and Networks


Audi


FedEx


Zynterra


Afranga


Tools For Humanity Corp.


Highlight-Mandate


  • Advised Audi on comprehensive project and ensuring compliance with local regulatory laws and practices in terms of new concept in Audi branded cars.
  • Advised Tiger Technology AD on structuring of its business in Europe, EEA and US with respect to diversification of the different business units and sub-services, surveillance and healthcare.
  • Advised Naturprodukt on the legal compliance of its online sales with various legal regulations and compliance practices of the regulatory authorities.