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Penkov, Markov & Partners

IZTOK DISTRICT, TINTYAVA 13B, FLOOR 6, 1113 SOFIA, BULGARIA
Tel:
Work +359 2 971 3935
Fax:
Fax +359 2 971 1191
Email:
Web:
www.penkov-markov.eu
Bourgas, Dobrich, Lovetch, Pleven, Rousse, Sofia and 2 more

Bulgaria

Banking, finance and capital markets
Banking, finance and capital markets - ranked: tier 3

Penkov, Markov & Partners

Penkov, Markov & Partners covers multiple regulatory issues on the banking side, including establishment and licensing, EU passporting and anti-money laundering, as well as handling bank M&As, spinoffs and insolvency procedures. Key individuals in the team are co-heads Vladimir Penkov and Ivan Marinov, who advises on investment financing, and Nikolay Cvetanov, who specialises in capital markets. Milena Gaidarska advised Arteks Engineering on the financing of a project and the structuring of collateral.

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 2

Penkov, Markov & Partners

The 'well-prepared, trustworthy and profoundly knowledgeable' team at Penkov, Markov & Partners advises on a wide range of corporate and commercial matters, including high-profile M&A transactions, disposals, restructurings, and complex joint ventures. Chairman Vladimir Penkov; ‘the personally engaged and highly experienced’ Ivan Markov; recently promoted partner Alexander Stefanov; Atanas Valov; and the 'standout' Roman Stoyanov are key contacts. The ‘dedicated’ Milena Gaidarska advised on the €253m sale of the owner of the Paradise Center shopping mall in Sofia, the largest retail transaction on the Bulgarian market so far. Clients include the European Bank for Reconstruction and Development, Integrated Food and Acronis.

Leading individuals

Ivan Markov - Penkov, Markov & Partners

Next Generation Partners

Atanas Valov - Penkov, Markov & Partners

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Dispute resolution
Dispute resolution - ranked: tier 3

Penkov, Markov & Partners

Penkov, Markov & Partners covers commercial litigation as well as construction, employment, public procurement and tax disputes, including those with cross-border aspects, and international arbitration proceedings. The ‘focused and dedicated’ team is ‘extremely diversified, with experts in almost every legal field’ and takes ‘a personal approach’. Chairman Vladimir Penkov ’does not just build working relationships but has real synergy with everyone involved with him’; team head Atanas Valov was recently promoted to associated partner; and Yura Mincheva is also recommended. In a recent highlight, Penkov and Milena Gaidarska acted for Glorient Investment in a complex and high-value case against Technomarket regarding the payment of overdue rents and handover of unlawfully retained commercial stores and warehouse facilities.

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EU and competition
EU and competition - ranked: tier 2

Penkov, Markov & Partners

Penkov, Markov & Partners advises clients on EU regulations, public procurement and unfair competition issues. Key contacts include practice co-head Vladimir Penkov and recently promoted partner Yura Mincheva, who regularly represents clients in merger notification proceedings. In a recent highlight, the team successfully obtained clearance for the merger of two domestic companies in the armament industry. Uber, Coca-Cola Hellenic Bottling Company, CEZ and Heineken are major clients.

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Energy and natural resources
Energy and natural resources - ranked: tier 3

Penkov, Markov & Partners

Penkov, Markov & Partners advises companies, NGOs and public authorities on M&A deals in the energy sector, and on all aspects of electricity trading. The practice is led by Vladimir Penkov, Roman Stoyanov, who represents power generation and distribution companies, as well as financial institutions and investment firms active in this area, and Ivan Markov. The team advised electricity distribution and grid-operating company CEZ Group on the cross-border sale of its subsidiaries in Bulgaria, which was the largest M&A transaction in the energy sector in the last decade.

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Healthcare and life sciences
Healthcare and life sciences - ranked: tier 2

Penkov, Markov & Partners

Recent highlights for Penkov, Markov & Partners include advising a pharmaceutical company on the regulatory requirements related to donating prescription medicinal products to healthcare institutions, and acting for a client in unfair competition proceedings. Vladimir Penkov jointly leads the practice with Roman Stoyanov; Penkov regularly acts for developers of medicinal products, medical devices, healthcare products and food supplements.

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Intellectual property
Intellectual property - ranked: tier 2

Penkov, Markov & Partners

Penkov, Markov & Partners' IP expertise encompasses contentious matters, IP agreements and the sale and purchase of IP rights. Vladimir Penkov and senior associate Yordan Politov jointly lead the group; Politov is singled out as ‘one of the leading lawyers in the field’ and provides ‘useful and on-point advice on copyright issues’.

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Real estate and construction
Real estate and construction - ranked: tier 2

Penkov, Markov & Partners

Penkov, Markov & Partners advises on the financing, acquisition, disposition and development of various types of projects, with a particular focus on the commercialisation and development of shopping centres. Notable individuals in the sector are Milena Gaidarska, who assists clients with the planning, design and completion of construction projects and with obtaining all the necessary licences from the relevant state authorities, and Atanas Valov, who specialises in commercial real estate. The firm advised on the largest and most complex retail transaction on the market so far: the sale of 100% of the equity interest in the biggest shopping centre in the country - the Paradise Center - for €255m. The team also advised Arteks Engineering on a high-value residential development of approximately 30,000 square metres in one of the most prestigious neighbourhoods in Sofia.

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TMT
TMT - ranked: tier 2

Penkov, Markov & Partners

Penkov, Markov & Partners fields a team of ‘ great specialists in their fields’, which includes group head Nikolay Cvetanov and highly regarded senior partner Vladimir Penkov; Cvetanov also leads the firm's personal data protection practice. The department's client roster include Uber, which the team advised on its software platform's compliance with local e-commerce regulatory requirements; and V Mobile, which it assisted with the development of a new piece of enterprise resource planning (ERP) software. Svetoslav Dimitrov left to establish his own company.

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Further information on Penkov, Markov & Partners

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Bulgaria

Offices in Sofia, Bourgas, Lovetch, Rousse, Dobrich, Varna, Pleven, and Stara Zagora

Legal Developments by:
Penkov, Markov & Partners

  • Why Don’t We Have the Will to Improve the Investment Climate?

    All investors, especially those from abroad, when asked about the investment climate in the country indicate a number of factors, besides tax rate, that influence their overall assessment. These factors relate to different areas of business and life in general, but have so far unfortunately gone unnoticed by governments.
    - Penkov, Markov & Partners

Legal Developments in Bulgaria

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