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  1. TMT
  2. Leading individuals

Leading individuals

Boyanov & Co’s ‘outstanding’ TMT team continues to advise RBS on its €1.4bn loan to AIG for the acquisition of a majority stake in Bulgarian Telecommunications Company (BTC), and recently advised Telefonika on regulatory matters regarding a resale of telecoms services. It also advises Fox Channel on its activities in Bulgaria, and other notable clients include Blizoo Media and Broadband and Cosmote Telecommunications. The ‘highly regarded’ Damian Simeonov heads the practice.

Dimitrov, Petrov & Co’s ‘excellent’ team advised the Law and Internet Foundation on various projects assigned by the European Commission, and also acted for Getlokal on a variety of e-commerce and data processing matters. Other key clients include Cosmo Bulgaria Mobile and the Society for Electronic Communications. Practice head George Dimitrov is ‘superb’ and ‘a real expert’ in the field.

Djingov, Gouginski, Kyutchukov & Velichkov’s TMT practice has ‘excellent market knowledge’, and fields ‘a strong team advising on telecoms matters’. It recently represented Wind Hellas Telecommunications before the Communications Regulatory Commission (CRC) and the Supreme Administrative Court, and acted for Verint System on the acquisition of Focal Info. It also advises PCCW Global on telecoms regulations, and advises Nokia on its sales operations in Bulgaria. Violetta Kunze has ‘excellent contacts’ and ‘up-to-date knowledge of the sector’.

Georgiev, Todorov & Co continues to advise longstanding client BTC on regulatory matters. It also represented a satellite operator in a dispute regarding TV rights. Practice head Alexander Pachamanov is recommended.

Kambourov & Partners’ ‘solid’, ‘highly professional’ team has ‘rich and diverse’ expertise. It advised bTV Media Group in competition proceedings against Nova TV, and acted for Global Vision in two copyright infringement cases. It also advised Bulgarian Energy Holding on telecoms-related matters pertaining to the restructuring of the Bulgarian energy sector. Mitko Karushkov is ‘always prompt’ and ‘knowledgeable’, and senior associate Margarita Guigova is ‘outstanding’.

Penev LLP is recommended for its ‘vast commercial understanding’. This ‘strong and reliable’ team acted for Turkcell Iletisim Hizmetleri on a $1bn restructuring deal for the acquisition of Bulgarian mobile operator Vivacom, advised AT&T on commercial contracts, and is advising Web Media Group on possible domain and trade mark infringement issues. Managing partner Sergey Penev is recommended.

Penkov, Markov & Partners’ ‘superb’ team acts for clients including BTC and SAP Labs Bulgaria. Svetoslav Dimitrov is singled out for praise.

Andrey Delchev and Partners – Eurolex Bulgaria’s ‘excellent’ group is recognised for its ‘vast experience’ in advising radio broadcasting operators in Bulgaria. It advises Bulgaria’s largest radio group, Communicorp Group, on various commercial matters and also acted for Ecom Group in an IP dispute. Other clients include Ficosota Syntez, Ital Foods and Strata Promo, which the team advises on various matters including statutory compliance for TV and radio advertising. Severina Liubenova and Andrey Delchev are recommended.

Borissov & Partners is recommended for its telecoms expertise. Clients include Net-Connect Internet, Telco, Deutsche See, and Lenso Wheel. Ivan Ivanov and Aglika Rousseva are recommended.

CMS Cameron McKenna LLP – Bulgaria Branch’s ‘excellent’ team advised Balkantel on a project to upgrade systems at several military airports. Notable clients include KDDI, Konami Digital and Sharp. The ‘professional’ David Butts heads the team.

Dinova, Rusev & Partners’ key clients include Sony Ericsson and AP Retail I. Milen Rusev and Iliya Grozdanov are ‘first rate’.

The team at Schoenherr (in cooperation with Law firm Andreev, Stoyanov and Tsekova) shows ‘in-depth knowledge’, and incudes the ‘incredibly focused’ Ilko Stoyanov. Ir advised Pro7Sat.1 on the sale of its portfolio of Bulgarian radio stations to a Bulgarian investor; Integrated Micro-Electronics on the acquisition of EPIQ’s electronics manufacturing business; and Antrator Holding on the sale of the Bulgarian regional daily newspaper, UTRO, to BG Privatinvest.

Tsvetkova Bebov & Partners, Attorneys-at-Law’s ‘renowned’ team acts for clients such as C3i, Stream International, De Agostini, Oxford University Press, and Telerik. Galina Bunkova and Ilya Komarevski are recommended.

Wolf Theiss’ ‘outstanding’, ‘practical’ TMT practice gives ‘direct and accurate advice’ in a ‘timely and concise manner’. Clients include Sportingbet, Cable Partners, Valartis Europe, Aukro Bulgaria, and Mancelord. Anna Rizova and practice head Richard Clegg are recommended.

Andonov & Radinska Law Firm advised Eleven Accelerator Venture Fund on IP and IT rights in Bulgaria, and also acts for Cinema City International and Bio Bulgaria.

Arsov Natchev Ganeva’s Svetlana Ganeva and Jivko Rokov have strong track records in TMT matters.

Danailov, Mihaleva, Nedelchev & Co/Lex Locus is experienced in telecoms matters.

Popov & Partners fields ‘a dedicated and specialist team of lawyers’ for telecoms and media work. This ‘well-organised’ team represented Panda Cooperative in a €15m case against a telecoms service provider, and acted for Algos in a software rights dispute. Emiliyan Arnaudov is ‘excellent’.

TLC – Cheresheva Mileva Tsankova is widely recognised for its IT expertise.

Varadinov & Co Attorneys-at-Law is recommended for its experience in telecoms and technology law.

Atanassov & Ivanov Law Firm’s TMT group has substantial experience in advising clients on trade mark registrations and protection issues.

BWSP Ilieva, Voutcheva & Co Law Firm’s ‘excellent’ team is best known for its media expertise. It advises clients including advertising agency New Moment New Ideas Company and TV and film producer, Camera. Diliana Ilieva is ‘exceptionally knowledgeable’.

CHSH Cerha Hempel Spiegelfeld Hlawati’s TMT practice advised TraxCom on a telecoms project regarding the use of radio frequencies, and was instructed by Fomento de Construcciones y Contratas on data processing agreements.

Georgieva, Petrov, Nenkov, Georgiev Law Firm is recommended for its IP expertise.

Gugushev & Partners Law Office has a ‘truly brilliant’ TMT practice.

Kalaidjiev and Georgiev’s highly regarded TMT department advises on media, advertising and IP matters.

Law Firm Kolcheva, Smilenov, Koev and Partners is experienced in telecoms and IP matters. Petya Kolcheva is recommended.

Boutique firm Patent Universe is instructed on a variety of contentious and non-contentious IP rights matters.

Teralex Consult’s strong media practice acts for various notable radio and TV broadcasters, advises on matters including licensing, contracts and a range of disputes.

Tocheva & Mandazhieva Law Office advises on matters including the production, licensing and distribution of technical equipment and software, as well as transactional work. Zhulieta Mandazhieva heads the team.

Velchev & Co. Law Office’s ‘vastly experienced’ team has expertise in telecoms, technology and media law. Pavel Velchev is the key figure.

Yonev Valkov Nenov has a well-regarded IP practice, and also advises on media, marketing, advertising, publishing, and telecoms issues.

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Legal Developments in Bulgaria for TMT

Legal Developments in Bulgaria

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Bulgaria: A welcome reform or a market disruption

    The latest amendments to the Bulgarian Commerce Act are intended to implement the Late Payment Directive (2011/7/EU) (the “Directive”). The Directive was adopted in February 2011 and was due to be implemented by 16 March 2013. Currently, is adopted in 17 of 27 Member States of the EU. The aim of the Directive is to prevent the grossly unfair treatment of those creditors who are unable to negotiate level-playing field payment terms, irrespective of whether that status is due to the creditors’ weaker bargaining power or to the fact that the terms are in fact subjected to limited negotiations, as with public procurements. The scope of the amendments in the Bulgarian legislation implementing the Directive concern only business to business and government to business transactions , for which maximum terms are introduced for payment of monetary obligations. Unfortunately, the amendments do not entirely implement the Directive and certain provisions of this EU legislation have been left out, such as:
  • Bulgaria_Commission adopts corporate compliance programme guidelines

    At the end of 2012 the Competition Protection Commission adopted guidelines regarding corporate compliance programmes. In general, the guidelines highlight the advantages of these programmes. Through the guidelines, the commission aims to encourage businesses to develop and implement compliance programmes in order to reduce or avoid the risks of non-compliance with competition law.
  • Commission imposes highest-ever penalty for prohibited agreements

    In November 2012 the Competition Protection Commission imposed the highest penalty in its history for prohibited agreements between the distributor of Hyundai in Bulgaria, Industrial Commerce OOD, and authorised Hyundai/Industrial Commerce dealers pursuant to Article 15 of the Competition Protection Act and Article 101 of the Treaty on the Functioning of the European Union. 
  • Mergers & Acquisitions 2013. Chapter 10: Bulgaria.

    This guide provides corporate counsel and international practitioners with a comprehensive worldwide legal analysis of the laws and regulations of mergers and acquisitions. This article appeared in the 2013 edition of The International Comparative Legal Guide to: Mergers & Acquisitions; published by Global Legal Group Ltd, London. www.iclg.co.uk.
  • Real Estate 2013. Chapter 6: Bulgaria

    This guide provides the international practitioner and in-house counsel with a comprehensive worldwide legal analysis of the laws and regulations of real estate. This article appeared in the 2013 edition of The International Comparative Legal Guide to: Real Estate; published by Global Legal Group Ltd, London. www.iclg.co.uk .
  • VAT LIABILITY OF A TRADE REPRESENTATIVE OFFICE IN BULGARIA?

    The present article deals with the question of who is to be invoiced and who is VAT liable if a taxable person in Bulgaria supplies services to and for the benefit of a trade representative office -established in Bulgaria - of a foreign entity.bu
  • Competition Legislation Imposes New Restrictions on Business

    On 14 June 2012, the Ministry of Economy, Energy and Tourism published on its Internet site draft amendments to the Protection of Competition Act and respective reasons.
  • Protection of Business Transactions in Case of Insolvency

    One natural consequence of the economic crisis is the steadily growing number of bankruptcy proceedings. An effective means of protecting the interests of creditors in such proceedings is the introduction of the principle of nullity of transactions concluded during the so-called ‘suspicious period', directly following the initial date of insolvency (or, respectively, over-indebtedness).
  • Omissions in the energy strategy disturb the investment climate

    In a previous article, I asked the question of whether the State is “for” or “against” green energy. The latest amendments to the law of April 10, 2012, as well as subsequent decisions by the State Energy and Water Regulatory Commission (SEWCR) confirmed that the State takes a stand against wind and photovoltaic power generation.
  • Disputes over Second World War Reparations Thwart Bulgaria’s...

    Privatisation Efforts

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