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Wolf Theiss

Work +359 2 861 3700
Fax +359 2 862 0370

Richard Clegg

Work +359 2 86 13 700
Wolf Theiss Rechtsanwalte GmbH & CoKG

Work Department

Corporate/M&A, Infrastructure, TMT.


Partner, working throughout Central & Eastern Europe and South Eastern Europe. Richard has particular specialization and expertise across the regulated sectors, advising companies at board level on corporate and compliance matters, often in sensitive & strategic circumstances. His career experience includes advising on transaction, regulatory and compliance aspects of internationally significant infrastructure, telecom and energy matters.


Joined Wolf Theiss from Advent International and the Bulgarian Telecommunications Company where he served as Group General Counsel, Group Investment Director and Executive Director of NURTS, Bulgaria’s largest television and radio broadcasting company.




Law Society of England & Wales; Law Society of Ireland; Sofia Bar Association.


Educated at Manchester Grammar School, University College London, and INSEAD.


Banking, finance and capital markets

Within: Banking, finance and capital markets

Wolf Theiss provides the full range of banking and capital markets advice to clients including UniCredit Bulbank, Raiffeisen Bank International, Visa Europe and the European Bank for Reconstruction and Development (EBRD). Katerina Kraeva and Richard Clegg, who works across the CEE region and has expertise in the regulated sectors, head the practice; Kraeva advised a syndicate of senior lenders (a number of foreign banks) on the implications of the recapitalisation of the Bulgarian operations of Dundee Precious Metals due to accounting losses. Senior associate Jasmina Uzova, who advises mainly on cross-border transactions, is also noted. Rebeka Kleytman is now with Ernst & Young.

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Commercial, corporate and M&A

Within: Leading individuals

Richard Clegg - Wolf Theiss

Within: Commercial, corporate and M&A

The 'highly professional' team at Wolf Theiss¬†provides ‚Äėconstantly reliable advice‚Äô and is ‚Äėresponsive and easy to deal with‚Äô; it handles both local corporate matters, such as the market entry of international companies into Bulgaria, corporate restructurings and M&A deals, and cross-border transactions, including the acquisition of foreign companies and various types of foreign investment. Key contacts include Anna Rizova; Bulgaria office founding partner¬†Richard Clegg, who¬†specialises in international infrastructure, telecoms and energy matters;¬†and Katerina Kraeva, who¬†advises on the mergers of listed and private companies, venture capital transactions, leveraged buyouts and corporate reorganisations. The team advised Sumitomo Corporation on¬†the ‚ā¨62m acquisition of the Moto-Pfohe business in Bulgaria, including the Ford, Volvo, Jaguar and Land Rover brands.

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EU and competition

Within: EU and competition

Wolf Theiss covers all areas of competition law, including abuse of dominance, vertical and horizontal agreements, merger control, private enforcement, state aid and public procurement. Notable clients include KKR, Monster Energy and Boehringer. In a recent highlight, Richard Clegg and Anna Rizova advised Sumitomo Corporation on obtaining merger clearance from the Bulgarian competition authority following its acquisition of Moto-Pfohe. Senior associate Hristina Dzhevlekova is also noted.

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Intellectual property

Within: Intellectual property

Wolf Theiss' client roster spans the TMT, food, banking, healthcare and retail sectors; the team recently advised a pharmaceutical company on the protection of its IP rights against counterfeited medicinal products. Other areas of expertise include the registration, protection, acquisition and licensing of trade marks, patents, copyrights and franchises. Anna Rizova and Richard Clegg jointly lead the practice, which also fields senior associate Hristina Dzhevlekova and associate Iva Georgieva.

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Projects and PPP

Within: Projects and PPP

Wolf Theiss regularly handles project developments, privatisations and concession matters and has notable expertise in cross-border mandates. The group recently advised Arco Capital on the refinancing and new development financing of an extension to an office park; Edison Trading, Aurubis and Axpo Bulgaria are also clients. Anna Rizova leads the group and is a key contact for cross-border investment projects, Richard Clegg focuses on the infrastructure, TMT and regulated sectors; Katerina Kraeva handles financing matters, Radoslav Mikov is an specialist in the energy field, and senior associate Katerina Novakova is experienced in the gas industry.

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Within: TMT

Wolf Theiss' 'responsive and easy-to-understand' team provides 'consistently reliable advice' to telecoms clients, which it acts for on cross-border mandates. Recent highlights include advising Mezzanine Management, Darby Private Equity and Tennenbaum Capital as minority investors in Vivacom on its sale to VTB Capital; and assisting FactSet with its acquisition of Bisam Technologies. Richard Clegg and Anna Rizova jointly lead the group; Clegg regularly handles the financing and development of telecoms and technology acquisitions, and Rizova focuses on M&A work.

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Legal Developments by:
Wolf Theiss Rechtsanwalte GmbH & CoKG


    The finance ministers of the European Union met again last week to discuss the plan of introducing a single EU financial transaction tax. According to the plan, a 0.1 percent tax would be levied on bond and capital transactions, while a 0.01 percent tax would be charged on derivatives transactions.
    - Wolf Theiss

Legal Developments in Bulgaria

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